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SHOCKING: Iron ore news topic - You Need To See This

NMDC increases high-grade iron ore prices by Rs 150/tonne

State-owned NMDC has raised its high-grade iron ore price by Rs 150 per tonne. The company fixed the lump ore price at Rs 5,400 per tonne, effective immediately. No changes were made to the rate of iron ore fines by NMDC. Monsoon disruptions have reduced India's iron ore production and…

The Economic Times

NMDC to start commercial coal production next quarter; eyes 1 MT dry fuel sale in FY27: Chairman

State-owned NMDC plans to begin commercial thermal coal production at its Tokisud North mine in Jharkhand during the October-December quarter and sell up to 1 MT in FY27. The iron ore major also plans to develop a coking coal mine, aiming to derive 20% of revenue from non-iron ore minerals…

The Economic Times

Coal India plans Singapore trading hub in hunt for critical mineral assets: Sources

Coal India is establishing its first overseas trading office in Singapore. This move aims to diversify into trading iron ore and critical minerals. The company is evaluating opportunities in Africa, Chile, and Canada for mineral assets. Efforts are underway to reduce dependence on China for essential resources. This expansion supports…

The Economic Times

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Miner goes 'full steam ahead' on loss-making project

Mining giant Fortescue believes it can turn around a troubled mine project that produces a raw material for green steel.

AAP

Hot out the oven: green iron trial produces first metal

One of Australia's first green iron projects has reached a milestone, producing molten metal from an electric furnace for the first time.

AAP

In 2020, a $186 million cleanup began at Minnesota's Spirit Lake; four years later, 1.3 million cubic yards had been remediated and a 14-acre fish-spawning bay created

For over a century, the industrial engines of Minnesota’s Iron Range drove the economy of Duluth. Raw iron ore moved down through the St. Louis River basin, feeding massive manufacturing plants along the shore. But that industrial output came with a long-term environmental tax. At Spirit Lake, which is a…

The Times of India

Big Australian sees a copper future on AI, energy boom

Surging copper prices meant the red metal accounted for more than half of BHP's earnings in the past financial year as the miner invests heavily in production.

AAP

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NMDC shares decline 4% after Q1 results. Should you buy, sell or hold the stock?

NMDC shares fell 4% despite a 2% YoY rise in Q1FY27 profit to Rs 2,007 crore, while revenue increased 2% to Rs 6,795 crore. Iron ore production jumped 26% to 151.17 lakh tonnes, but sales rose just 2% to 117.30 lakh tonnes. Ore transferred for pellet job work increased 46%…

The Economic Times

NMDC cuts iron ore prices from August 8

NMDC has cut its iron ore prices effective August 8, 2026. Lump ore (65.5%) is now priced at Rs 5,250 per tonne, down from Rs 5,450 in July, while fines (64%) have been reduced to Rs 4,500 per tonne from Rs 4,700.

The Economic Times

Two-day strike hits BHP's iron ore exports in Pilbara

Workers at a BHP port key to its shipments of steelmaking material, iron ore, are striking after negotiations over wages and conditions stalled.

AAP

Jefferies gets new evidence of fake invoices at beleaguered fund tied to iron ore trader

The discovery of fake invoices related to Sapphire Minmetals by Jefferies Financial Group has intensified scrutiny over the financial reports of Radiant World. This revelation has led the bank to reevaluate its investment exposure to both iron ore traders, as recent losses incurred from receivables finance have been troubling for…

The Economic Times

Accidental export: Aussie green iron tech goes global

An Australian made machine that can boost the quality of iron ore without using water is ready to be shipped to the US after word of its creation spread.

AAP

Rio Tinto’s Results Make the Case for Looking Beyond Tech in the AI Trade

Rio Tinto's first-half results showed EBITDA up 28%, free cash flow up 75%, and copper EBITDA nearly doubling, as diversified metals exposure and productivity gains bolstered its outlook.

MarketBeat

How an iron ore empire began to raise doubts

Major commodity traders are cutting ties with Radiant World amid concerns, which suggest the company provided falsified documents to banks for financing. Glencore and Cargill have ceased new business dealings with Radiant World. Banks like Intesa Sanpaolo are reviewing their exposure to the firm. Radiant World denies the claims.

The Economic Times

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AAP

Andrew Forrest's Fortescue flags major asset writedown

Fortescue will write off $746 million from the value of its Iron Bridge magnetite mine in the Pilbara after reviewing scenarios for the troubled operation.

AAP

Steel trap: Australia must make green metal or risk ore

Australia's richest export market could be at risk unless it takes urgent action to manufacture green steel on home soil, according to a study.

AAP

'A new era': miner banks profit on metals for tech age

Rio Tinto, which has major iron ore operations in the WA and is working to boost its presence in copper, has delivered a bullish outlook.

The Economic Times

Odisha tightens iron ore grade checks after alleged royalty underreporting: Report

Odisha, India's largest iron ore-producing state, has stepped up quality-control inspections after authorities found instances of miners allegedly misrepresenting ore grades to reduce royalty payments, a move that could temporarily disrupt domestic supplies and exports to China, Bloomberg News reported.

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The Economic Times

India's core sector output grows 5% in June under new base year series, hits 5-month high

June 2026 marked a notable five percent growth in India's core industries index, with iron ore production soaring to forty-three point nine percent. Significant growth was also observed in cement and electricity. Conversely, natural gas and crude oil outputs faced reductions. For the April-June 2026 timeframe, the total growth measured…

The Economic Times

L&T bags orders worth Rs 10,000–Rs 15,000 cr in metals and minerals business

Larsen & Toubro's Metals & Minerals business secured multiple mega orders. These contracts are from leading domestic public and private sector companies. One order involves an 18-MTPA iron ore handling plant in Chhattisgarh. Another project expands a steel plant in West Bengal significantly. L&T also won an EPC order for…

The Economic Times

Govt adds iron ore to core sector index taking total components to 9

Iron ore has been added to the core sector infrastructure industries list. This inclusion increases the total number of key sectors from eight to nine. The new series, with base year 2022-23, will be released on July 20. Gross production data will now compile the steel index for consistency. Raw…

The Economic Times

Container traffic to drive growth at Indian ports up to 9% CAGR through FY28: Motilal Oswal

Container traffic is expected to drive Indian port growth through FY28. Coal traffic will likely decline due to domestic production and renewables. Petroleum, oil, and lubricants traffic will see moderate expansion. Iron ore traffic is projected to recover with increased domestic use. Policy support and infrastructure development position India as…

The Times of India

Earth is slowly swallowing an entire Arctic town in Sweden, and authorities are moving Kiruna building by building as the world’s largest underground iron ore mine cracks and destabilises the ground beneath it.

Kiruna, Sweden, is moving its entire town due to ground instability caused by iron ore mining. This massive engineering project involves relocating buildings and infrastructure to a safer location. The relocation aims to preserve cultural heritage while ensuring residents' continuity. It highlights the consequences of resource extraction and the need…

The Economic Times

SAIL's Bokaro plant to get 8.3 MT iron ore via slurry pipeline; Rs15K cr expansion underway

Bokaro Steel Plant will receive iron ore annually through a new slurry pipeline. This modern system will eliminate dependence on railway rakes for raw material transport. The plant's crude steel production capacity will increase significantly after expansion. This project involves a substantial capital investment and aims for completion in three…

AAP

Port worker wage stoush set to trigger historic strike

Hundreds of port workers are expected to walk off the job after failed wage negotiations between a mining giant and unions.

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