SYDNEY Global miner Rio Tinto, said on Tuesday it could ship up to an additional 10 million tonnes of iron ore in 2018 worth $780 million at today's prices after reporting a 1 percent rise in 2017 shipments.
SYDNEY Australia's Port Hedland iron ore terminal will remain closed for now, even after the weather bureau cut the forecast strength of a cyclone bearing down on the continent’s far northwest, the port's operator said on Saturday.
SYDNEY Australia's Port Hedland iron ore terminal expects to clear all remaining vessels from its harbor by 1030 GMT as a safety measure after a tropical cyclone intensified off the nation's western coast on Thursday, Pilbara Ports Authority said.
SYDNEY Australia on Monday said it expects iron ore prices to average $51.50 a tonne this year, down 20 percent from 2017, because of rising global supply and moderating demand from top importer China as its steel sector shrinks.
SYDNEY Most Chinese base metals ended lower on Wednesday, while lead gained more than 1 percent as parts of the United States braced for more frigid weather.
SYDNEY China's aggressive campaign to clean its skies by clamping down on polluting steel mills has fuelled a need for high-grade iron ore, and a prospector in the Australian outback is hoping that will help fund an ambitious plan to develop a full-scale mine.
SYDNEY Rio Tinto next year will seek board approval to develop an "intelligent" iron ore mine at a cost of $2.2 billion, fully incorporating technologies such as robotics and driverless trains and trucks on a single site, the company's head of iron ore said on Monday.
SYDNEY Global miner Rio Tinto signaled on Monday it will stick with its "value over volume" strategy, outlining further moves to boost shareholder returns and appointing a new chairman from within its board.
SYDNEY/SINGAPORE Heavy rains in eastern Australia forecast to intensify over the weekend are threatening to wipe out or damage up to 4 million tonnes of wheat due to be harvested soon, with many grain storage sites forced to close.
MELBOURNE/SYDNEY Some of Australia's biggest power users, including mining giant BHP, are taking steps to curb the impact of any repeat of crippling blackouts that hit last summer, worried about a grid that increasingly relies on wind power and old coal-fired plants.