The world's largest iron ore miner, Vale, has moved to increase the iron ore benchmark price by more than 90% in negotiations with Japanese steel companies.
BHP has approved nearly US$2 billion for the expansion of its Pilbara iron ore operations.
Australia's iron ore exports are once again nearing record levels.
Danny Goeman will be Rio Tinto's new envoy to the Asian iron ore market when benchmark price negotiations get underway later this month.
A merger of BHP and Rio’s Australian iron ore assets could increase benchmark prices, Euro steelmakers say.
A report from Resource Capital Research has found the iron ore market has continued to improve, but its pricing future remains uncertain.
Increasing Chinese iron ore inventories in the June Quarter could be a result of simmering tensions between China Iron and Steel Association (CISA) and Rio Tinto over contract price negotiations, according to Resource Capital Research (RCR) iron ore analyst Dr Trent Allen.
The CSIRO and the Australasian Institute of Mining and Metallurgy (AusIMM) are jointly organising the Iron Ore 2009 Conference, which will focus on 'Ensuring Ongoing Growth' as iron ore demand returns to full swing.
BHP Billiton Iron Ore and Western Australia's Pilbara communities have celebrated a significant milestone in Australia's mining history by marking the 40th Anniversary of the railing and shipping of the first iron ore mined from the Mt Newman Project (now known as BHP Billiton Iron Ore's Newman
A higher level of credible participants on Australia's iron ore scene is needed to drive the spot market and strengthen confidence in the industry, an analyst told MINING DAILY.