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Iron ore production in FY16 estimated to grow 10% to 140 mn tonnes

With the passage of the Mines and Minerals (Development and Regulation) Amendment Bill in Parliament, action will now shift to mineral-bearing states. Although the new Act is expected to pave the way for higher ore production, a lot depends on how quickly ...

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Sable aims to begin Guinea iron ore production by mid-2016

Sable Mining aims to begin production from its Nimba iron ore mine in Guinea in the first half of next year after last week’s deal to use infrastructure in neighbouring Liberia, the company’s chairman said. Jim Cochrane said the AIM-listed ...

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Rio Tinto iron ore production in 2014 up by 12% YoY

Rio Tinto has released its operations review for the Q4 and the full year 2014. Iron ore production rose sharply in 2014, as compared to the previous year. This is consistent with the company’s strategy to expand iron ore production, ...

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Rio Tinto pans to boost iron ore production

The company’s share in the production increased by about 12 percent, and reached to 233.6 million tonnes, which was mostly driven by the completion of the company’s expansion of a project based in Australia, which added in an extra 30 ...

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Atlas cuts production cost as the iron ore price crashes

The company plans to ship about 3.8 million tonnes of iron ore in the December quarter, but still the average price of the commodity, is still lower than all its cash costs which is 67 dollars per wet metric tonne.   The ...

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Iron ore industry makes use of lower price

But the miners have a different story to tell. The miners stated that, they are working hard to continue operations at the mine, as the margins are very tight and squeezed across the board. The Western Australia Transport Workers Union, ...

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