ferro-alloys.com: Kumba 'has an arrangement' to safeguard impact of coronavirus on iron ore deals

Miner Rio Tinto has trimmed its 2020 iron ore shipments guidance from the Pilbara area of Western Australia by between 6 million mt and 9 million mt.

India's Ministry of Mines has approved a plan by state-run National Mineral Development Corp. to boost iron production from the Kumaraswamy mines in Karnataka by 42.8% to 10 million mt/year, the state-run miner said late Wednesday, giving a boost to its domest...

The iron ore options started trading at the Dalian Commodity Exchange (DCE) on Monday.

This means that China might have a chance to challenge some of the traditional options trading markets such as Singapore.

SMB, together with Singapore's Winning, won a tender to develop Simandou's blocks 1 and 2.

"The trend is for prices to gradually dip down but the path will be really bumpy," Liao said.

Prices of mid-grade Brazilian fines were up on Wednesday October 30, with a Brazilian Blend fines (BRBF) cargo fetching $85.60 per tonne.