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Iron Ore

Iron ore is a mineral commodity from which metallic iron can be economically extracted, serving as the primary raw material for steel production. The ore consists of iron oxides, most commonly hematite and magnetite, which are mined from surface and underground deposits worldwide. Major iron ore producers include Australia, Brazil, China, India and South Africa, with the Pilbara region of Western Australia and Brazil's Carajás mine ranking among the world's largest sources. The commodity is typically traded in the form of fines, lump ore or pellets, with iron content ranging from about 60% to 67% for high-grade material. Global seaborne iron ore trade is dominated by shipments to China, which accounts for more than two-thirds of world imports to feed its vast steel industry. Benchmark pricing is set through quarterly or monthly negotiations between major miners such as BHP, Rio Tinto and Vale and steelmakers, with spot prices also playing an increasing role. Iron ore is graded by iron content, with higher-grade ores commanding premium prices owing to lower impurities and reduced processing costs for steelmakers. The industry is capital intensive, requiring substantial investment in mining infrastructure, rail networks and port facilities to move ore from mine to market. Demand for iron ore is closely tied to construction activity, infrastructure development and manufacturing output, making it sensitive to economic cycles and particularly to growth trends in China. Environmental considerations, including mine rehabilitation, water management and carbon emissions from steel production, are increasingly shaping the iron ore sector's operational and investment decisions.
Weba Chute Systems & Solutions

Press Office - Weba Chute Systems & Solutions

Iron Ore News


An image of tin ore
Industrial metals post mixed third-quarter performance, downside risks persist
9th October 2026 By: Tasneem Bulbulia

Industrial metals have come under broad pressure in recent weeks, falling 3.3% month-on-month as of October 7, as expectations of a more hawkish US Federal Reserve weighed on sentiment across the... 


Image of SKF Cooper split cylindrical roller bearings
Roller bearings that meet harsh demands
9th October 2026

Global bearing and seal manufacturer SKF recently supplied its Cooper 03 series split cylindrical roller bearings to a leading iron-ore mine in South Africa’s Northern Cape province, noting that... 


Martin Creamer
Green iron-ore, alluvial diamonds, climate change make headlines
9th October 2026

Mining Weekly Editor Martin Creamer talks about the opportunities that green iron-ore has for South Africa; South Africa’s alluvial diamond sector; and the urgency in tackling climate change... 


Kearney South Africa Energy Partner Frances Phillips.
Green iron-ore is a great South African export opportunity, Joburg Indaba hears
8th October 2026 By: Martin Creamer

Making green iron-ore for exportation is a great opportunity, South Africa’s Joburg Indaba heard on Thursday, October 8, when Kearney South Africa energy partner Frances Phillips drew attention to... 


Micromine Pitram Celebrates Double Gold at Industry Awards
Micromine Pitram Celebrates Double Gold at Industry Awards
8th October 2026

Micromine Pitram has received ‘double gold’, taking home two major industry awards in Underground Excellence (2026 Mining Magazine Awards) for its partnership with Çayeli Bakır İşletmeleri A.Ş.... 


Fortescue's Solomon mine
Australia's Fortescue cash drops over 37% amid China buying curbs
8th October 2026 By: Reuters

Fortescue said on Thursday its cash balance fell 37% in the September quarter and warned its forecasts remained subject to ongoing negotiations with state-backed buyer China Mineral Resources... 


Iron-ore mining in Australia
Miners drag Australian shares lower as Fortescue slides on CMRG uncertainty
8th October 2026 By: Reuters

Australian shares fell on Thursday, led by miners after Fortescue warned of a drop in its cash balance and said its forecasts hinged on talks with Chinese state-backed iron ore buyer China Mineral... 


Stacker reclaimer
Saldanha Iron Ore Terminal undergoes scheduled maintenance programme
6th October 2026 By: Lumkile Nkomfe

State-owned freight transport and logistics company Transnet has announced that the Saldanha Iron Ore Terminal (IOT) has begun its yearly maintenance shutdown, which will run for 16 days from... 


Iron-ore production
World Bank urges Guinea to use iron-ore to diversify economy
6th October 2026 By: Bloomberg

The World Bank has urged Guinea to use the revenues from the exploitation of the largest iron-ore reserve on earth to diversify and build a stronger economy. “The question we must ask ourselves is... 


Hertha Metals pure iron production
High-purity iron producer Hertha secures $133m in venture capital funding for single-step production scaling
30th September 2026 By: Marleny Arnoldi

US-based high-purity iron producer Hertha Metals has closed a $133-million Series A venture capital funding round, which includes a $65-million equity investment from the US government through the... 


Manganese chemical symbol
Black Canyon confirms Australia's next major greenfield manganese resource
30th September 2026 By: Marleny Arnoldi

ASX-listed Black Canyon has positioned the Wandanya deposit, in Western Australia, among the most significant recent greenfields manganese discoveries in the country with a maiden mineral resource... 


Radiant World signage
Radiant cuts more jobs after founder loses control of firm
30th September 2026 By: Bloomberg

Radiant World is cutting staff beyond its core iron ore business after a Singapore court last week took control of the troubled commodity trader away from its founder. The latest reductions... 


Steel coils
India targets 600-million tons steel capacity by 2047, secretary says
29th September 2026 By: Reuters

India's new steel policy plans 600-million metric tons of steelmaking capacity by 2047 and is a roadmap for the next two decades, the country's steel secretary said on Tuesday, adding that it will... 


Mesabi Metallics' iron-ore mine in Minnesota
Trump unveils $15bn planned Iowa steel project
28th September 2026 By: Reuters

US President Donald Trump on Monday said that a Minnesota company plans to build a multi-billion-dollar steel mill in Iowa, handing the administration a marquee manufacturing investment to showcase... 


Amapá iron-ore project, in Brazil
Cadence confirms hot commissioning start of Azteca iron-ore process plant
28th September 2026 By: Marleny Arnoldi

Aim-listed early-stage mining investor Cadence Minerals has confirmed the start of hot commissioning at the Azteca processing plant, as part of the Amapá iron-ore project, in Brazil. Cadence holds... 


Vale's Itabira mining complex
Brazilian tailings processor Itabiriçu escalates court action against Vale over 'ore stealing' dispute
28th September 2026 By: Marleny Arnoldi

Brazilian mining company Itabiriçu is petitioning the Supreme Court of Texas to review an appellate court’s decision in its long running lawsuit against industry rival Vale, with Itabiriçu alleging... 


Christmas Creek mine, in Western Australia
Fortescue, Metso reach green ironmaking milestone
28th September 2026 By: Marleny Arnoldi

Iron-ore major Fortescue’s Christmas Creek Green Metal Project, which features mining technology specialist Metso’s Direct Reduced Iron (DRI) Smelting Furnace technology, has produced its first hot... 


KPMG signage
KPMG appointed interim manager for Singapore iron-ore trader Radiant, sources say
25th September 2026 By: Reuters

A Singapore court appointed KPMG as interim judicial managers of iron-ore trader Radiant World after creditor Mizuho Bank withdrew its push for rival Deloitte to take the role, according to two... 


Transnet CEO Michelle Phillips speaking at the group's results presentation in Sandton
Transnet outlines ‘transact for value’ model for private-sector participation transactions
25th September 2026 By: Terence Creamer

Transnet CEO Michelle Phillips says the sale of a 49.99% interest in its largest container terminal last year to International Container Terminal Services had set the tone for the way in which the... 


ARM founder and chairperson Patrice Motsepe.
ARM’s Motsepe emphasises importance of honesty, integrity, governance, meritocracy
25th September 2026 By: Martin Creamer

The founder and chairperson of diversified mining company African Rainbow Minerals (ARM) on Friday, September emphasised the importance of companies behaving in a manner that reflects integrity,... 


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pqt: 0.02s - ct: 0.059s - 100pq - 2rq
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