by Gordon Barratt | Oct 30, 2026 | News
Brazilian miner Vale reported on Thursday a 53% decline in its third-quarter net profit from a year earlier, hit by lower iron ore prices and higher costs, including freight. Vale, one of the largest iron ore producers in the world, posted a $1.26-billion net profit...
by Gordon Barratt | Oct 30, 2026 | News
Tanzania and Angola have agreed to connect their Indian Ocean and Atlantic Ocean transport corridors with a railway link via Zambia and the Democratic Republic of Congo, Tanzanian President Samia Suluhu Hassan said. The Benguela railway in Angola will join the...
by Gordon Barratt | Oct 30, 2026 | News
Glencore has reported an 11 per cent quarterly increase in Australian thermal and semi-soft coal production, as stronger output at Ulan West supported a September-quarter recovery across its local coal operations. The miner produced 17.5 million tonnes (Mt) of...
by Gordon Barratt | Oct 29, 2026 | News
Vietnam’s top miner Vinacomin plans to keep coal output at 40-million metric tons per year through 2030 to meet domestic demand, mostly for power generation, State media reported on Thursday. The company will develop 18 mining projects in the northern province...
by Gordon Barratt | Oct 29, 2026 | News
Fortescue has signalled it will resist pressure from China’s centralised iron ore buyer as the mining giant accelerates electrification of its Pilbara operations and develops new revenue streams beyond iron ore. At the company’s annual general meeting, executive chair...
by Gordon Barratt | Oct 29, 2026 | News
Operational complexity remains the mining sector’s biggest business risk for 2027, according to a new EY report, as supply chain disruption and increasingly selective capital markets challenge companies’ ability to maintain production. The EY Top 10 business risks and...
