Tag Archives: Iron ore

Venture Minerals has suspended operations at its iron ore mine in Tasmania after just one shipment, with the company squeezed by higher costs and falling prices.

Iron ore mining stocks have been dumped in great numbers, pulling the ASX to its steepest loss of the week. Iron ore specialist Fortescue Metals lost more than 11 per cent after the price of the steel-making material fell as low as $US107 per tonne.

Venture Minerals has suspended operations at its Riley iron ore mine in Tasmania due to unfeasible iron ore prices, as its milestone first shipment makes its way to China.

A glance through the latest expert views and predictions about commodities: coal; iron ore; and oil-Tight seaborne coal market underpinning robust prices-V

The 40 per cent fall in the price isn’t exactly good news. But a glass-half-full view on supply and Chinese demand suggests things might not be as bad as they seem.

Premier Mark McGowan says Western Australia's hard border closures have been vindicated after banking a whopping $5.6 billion, iron ore-fuelled budget surplus.

The current iron ore price average estimate for 2020-21 is US$134 per tonne but with its surge from April to June this will land much higher.

Fortescue Metals Group records highest ever annual profit thanks to sky-high iron ore prices. Chief Executive Elizabeth Gaines says the company is well placed to ride the commodity price cycle.

Fortescue Metals Group Ltd. is planning to unveil targets for reducing the carbon footprint of it biggest customers, marking a shift in approach for the world’s no. 4 exporter of iron ore.The firm will follow rivals including Rio Tinto Group and BHP Group in setting specific goals to cut so-called …

Fortescue Metals Group has boosted its full-year profit and doubled the final dividend for shareholders thanks to robust output and soaring iron ore prices.