WATCH: Afrimat cites lower iron ore prices, rail network for plunging profit

Afrimat has posted a near 88% plunge in headline earnings per share, citing the underperformance of South Africa's export rail lines, as well as a stronger rand and falling iron ore prices. Business Day TV unpacked the performance with goup CEO Andries …

EXCLUSIVE: Can Iron Ore and Infrastructure Pave the Way for Transformative Growth in Guinea?

The Republic of Guinea became the world’s largest exporter of bauxite in 2024, and with the operationalisation of the Simandou iron ore project scheduled for the end of this year or early 2026, the country stands on the cusp of becoming Africa’s second- …

30 iron ore mines in Odisha to go under hammer

Bhubaneswar: The Odisha government Thursday said that it has informed the steel manufacturing companies that the state is likely to auction around 30 iron ore mines this year. The assurance was given by Chief Minister Mohan Charan Majhi when he met a …

Iron ore futures hover near 5-week high; China credit data caps gains

BEIJING: Iron ore futures held near a five-week high on Thursday, boosted by improved demand outlook from the Sino-U.S. trade truce, although weaker credit data from China limited gains. The most-traded September iron ore contract on China’s Dalian …

How iron ore seaborne trading patterns are changing

Some heavy-hitters were on stage for the final session of this year’s Geneva Dry summit, the iron ore panel moderated by Tim Huxley, the CEO of Mandarin Shipping, who kicked proceedings off by asking panellists if there had ever been a more difficult time …

Akora Resources’ new MD leads African iron ore charge

Akora’s new boss Peter Bird will replace outgoing MD Paul Bibby, who recently delivered the pre-feasibility study for the project. Pic: Getty Images AKO appoints new MD and CEO to drive development of Bekisopa iron ore project Peter Bird is a geologist …

Iron ore hits more than 5-week high on Sino-US trade truce optimism

Iron ore futures climbed to their highest in more than five weeks on Wednesday, driven by moves from the United States and China to cut tariffs following a trade agreement, bolstering hopes for a lasting resolution to the trade dispute. The most-traded …

New iron ore exporter at Port of Bunbury

Iron ore climbs on optimism

BEIJING: Prices of iron ore futures climbed to the highest point in more than five weeks on Wednesday, driven by moves from the United States and China to cut tariffs following a trade agreement, bolstering hopes for a lasting resolution to the trade …

Iron Ore Prices Defy Odds & Surge After Tariff Rollbacks

The past week or so has seen quite a yo-yo ride for global iron ore prices. Ore futures, including the most-active September contract on China’s Dalian Commodity Exchange (DCE), dropped by about 2% on May 8. The reasons for this were twofold: the likely …