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...Under the Australian group’s initial proposal, Anglo would have to sell its majority stakes in its South African platinum and iron ore businesses to its shareholders for the deal to go ahead....
...But iron ore traders have reason to remain optimistic....
...The group views Simandou as “the world’s largest untapped high-grade iron ore deposit”, supporting an estimated mine life of 26 years....
...Stausholm said the demand outlook was improving for copper and aluminium, while China’s appetite for iron ore, which is the crucial ingredient for steel making, was undimmed....
...Over a 40-year career, Scott Melbye watched the US uranium industry fall from its position as the world’s leading producer of the radioactive ore that powers nuclear reactors to an also-ran with negligible...
...But prices of iron ore, of which China is by far the biggest buyer, have jumped at the same time....
...Now iron ore prices are plunging, down over tenth since mid February and by nearly a fifth this year....
...A Brazilian court has ordered iron ore producer Samarco, along with its owners Vale and BHP, to pay R$47.6bn ($9.7bn) in compensation for a dam collapse that triggered one of the country’s worst environmental...
...Jonathan Price, chief executive of Teck Resources, one of Canada’s largest mining groups, said government and local opposition to mines for copper, lithium and iron ore will grow unless the industry improves...
...The ore Rio Tinto plans to extract from Simandou has an average iron content of greater than 65 per cent, among the highest in the world. Baatar calls it the “caviar of iron ore”....
...Prices of Philippine nickel ore have jumped 23 per cent to $65 per wet metric tonne since August and the premium for Indonesian nickel ore over the local price benchmark has surged from about $5 to $20 per...
...BHP has said its proposed takeover of Anglo American, which excludes its South African platinum and iron ore assets, was not a reflection of negative views of the country....
...Oleksandr Kubrakov, Ukraine’s infrastructure minister, said the iron ore was destined for China....
io Tinto hopes $20bn Guinea iron ore, rail and port plan will pave way for ‘new era’ of mining
...At iron ore and copper dependent BHP, the cash flow used to pay its 9 per cent dividend yield primarily comes from China. The country’s economic problems put this payout at risk....
...Yet the festivities masked divisions within the mining company, which operates both as an iron ore miner and a pioneer of green hydrogen investment....
...The most actively traded iron ore contract in Singapore, for July delivery, fell as much as 4.4 per cent on Monday morning....
...A more radical step to streamline and raise funds would be to sell its Brazilian iron ore mine....
...iron ore prices across Asia....
...Anglo American said BHP’s latest £34bn offer continues to “significantly undervalue” the copper, iron ore and coal producer....
...Iron ore bulls are thin on the ground these days — as are those willing to dig into large iron ore miners such as Rio Tinto....
...BHP has said the structure of its proposed takeover of Anglo American, which excludes platinum and iron ore assets in South Africa, did not reflect a negative view of the country as an investment destination...
...However, Roecker said no protective gear was needed for people working near uranium ore....
...Anglo American’s board has rejected BHP’s takeover offer, saying that the proposal “significantly undervalues” the copper, iron ore and platinum producer....
...BHP has proposed an all-share takeover of Anglo American in a deal that would reshape the mining industry and bolster the presence of the world’s largest mining company in copper, iron ore and fertilisers...
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