Edition:
United States

James Regan

Rio Tinto targets modest hike in 2018 iron ore shipments

Jan 15 2018

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.

Australia's Port Hedland to stay closed for now, Cyclone Joyce moves away

Jan 12 2018

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.

Australia's Port Hedland clearing out ships as Cyclone Joyce intensifies

Jan 11 2018

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.

Australia forecasts 20 percent iron ore price drop in 2018 as China demand eases

Jan 08 2018

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.

China metals ease; lead gains as frigid weather persists

Jan 03 2018

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.

Miners big and small bank on China's hunger for high-grade iron ore

Dec 19 2017

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.

Rio Tinto aims for "intelligent" Australian iron ore mine

Dec 04 2017

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.

Rio Tinto holds course as it looks inward for new chairman

Dec 03 2017

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.

After drought, monster storm threatens Australia's wheat crop

Dec 01 2017

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.

Back to black? Australian industry prepares for possible summer power cuts

Nov 30 2017

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.

World News

Myanmar court allows jailed Reuters reporters' appeal to proceed: lawyer

Myanmar's High Court has allowed an appeal to proceed in the case of two Reuters reporters jailed for seven years on charges of breaking the country's Official Secrets Act, defense lawyers said on Tuesday.The appeal against the conviction, filed earlier this month, cited evidence of a police set-up and lack of proof of a crime. The lawyers did not specify when the Yangon-based court made its decision and there was no formal announcement from the court. Reuters was unable to co