Corporate Operations and Executive Moves - Tyson Foods announced the permanent closure of its beef processing facility in Lexington, Nebraska, effective January 20, 2026, resulting in approximately 3,000 job losses and a reduction of operations at its Amarillo, Texas plant affecting an additional 1,700 workers, as the company aims to "right-size its beef business" due to significant losses linked to the smallest U.S. cattle herd in decades [2][6] - Airbnb's Chief Technology Officer, Aristotle Balogh, will step down in December 2025 after seven years, but will remain in an advisory role until at least February 2026 to ensure a smooth transition [3][6] Global Trade and Commodity Markets - China Mineral Resources Group has expanded its restrictions on BHP Group iron ore, now including "Jinbao fines" in addition to "Jimblebar Blend Fines," amid ongoing negotiations for annual contracts for 2026, which is seen as a strategic move to secure better pricing terms [4][6] Government Actions and Economic Impact - Federal judges in the U.S. have blocked the Trump administration's attempts to cut hundreds of millions in Department of Homeland Security grants and over $11 billion in public health funding cuts to states, citing likely legal violations [5][6] Emerging Market Challenges - Pakistan's poverty rate has risen to 25.3% in 2024, a 7 percentage point increase over three years, with an estimated 1.9 million more people falling into poverty due to rapid population growth and economic challenges [7][6] Investor Sentiment and Market Outlook - Investors are debating the long-term viability of certain companies, with traditional department stores like JCPenney and Kohl's frequently cited as at risk due to declining foot traffic, while there is a growing interest in high-growth areas such as cryptocurrencies and big-cap technology stocks [8]

China’s state-run iron ore buyer told the nation’s major steel producers and traders to stop purchasing another grade from BHP, as pricing talks with the world’s top miners drag on https://t.co/dPAXFsbr9G ...

Core Viewpoint - Rio Tinto has entered into a Joint Development Agreement with Calix to support the construction of a demonstration plant for Zero Emissions Steel Technology in Western Australia, which aims to facilitate lower-emissions steel production using Pilbara iron ores [1] Group 1 - The demonstration plant will be located in Kwinana, south of Perth, at a site previously designated for Rio Tinto's Bio project [1] - The collaboration with Calix is part of Rio Tinto's efforts to innovate in sustainable steelmaking technologies [1]

TORONTO, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Chibougamau Independent Mines Inc. (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart, Berlin and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US), herein called Chibougamau, is pleased to inform shareholders that Cerrado Gold Inc. has provided an update on the progress to the development of its Mont Sorcier high purity magnetite iron project located on the traditional Cree Territory of Eeyou Istche James Bay in the municipality of Chibougamau, Quebec. ...

Core Insights - The Simandou project in Guinea, the world's largest mining project, officially launched on November 11, marking a historic milestone with a total investment of $23 billion and nearly three decades from discovery to production [1] - The project is a joint operation involving Rio Tinto, Winning Consortium Simandou, China Baowu, Chinalco, and the Government of Guinea [1] Project Scope and Global Iron Ore Impact - At full capacity, Simandou is expected to produce up to 120 million tons of iron ore annually, representing nearly 7% of the global seaborne iron trade [2] - The mine's output will have an average iron content of approximately 65%, making it one of the highest-grade iron ore sources globally [2] Economic and National Transformation - The Simandou project is projected to quadruple Guinea's GDP by 2040, leading to over $200 billion in investments across various sectors including infrastructure, education, and energy [4] - The project is seen as a driving force behind national transformation, reflecting the vision of the Guinean government and its leadership [5] Strategic Implications for China - China Baowu and Chinalco are major investors in the project, allowing China to secure a direct supply of premium iron ore and reduce dependence on Australia and Brazil [6] - This shift in control could influence global pricing dynamics, potentially pushing prices lower, which may benefit steel producers but pose challenges for investors recovering development costs [7] Environmental Considerations - The high purity of the iron ore from Simandou aligns with global decarbonization goals, making it a cornerstone for the green steel transition [7]

Core Insights - The Simandou project marks the beginning of operations at Africa's largest greenfield integrated mine and infrastructure project, which is home to the world's largest known untapped deposit of high-grade iron ore [1][2] Project Overview - The project is co-developed by the Government of Guinea, SimFer, and Winning Consortium Simandou (WCS), with infrastructure and rolling stock to be operated by Compagnie du TransGuinéen (CTG) [5] - The project includes over 600 kilometers of new multi-use trans-Guinean rail and port facilities, supporting the export of up to 120 million tonnes per year of iron ore [3][4] Economic Impact - The inauguration of the Simandou project is seen as a foundational milestone for Guinea, positioning the country as a key player in sustainable development and economic sovereignty in West Africa [6] - The project is expected to unlock a new source of high-grade iron ore, which is in demand for low-carbon steel making, enhancing the portfolios of companies involved [7] Joint Ventures and Stakeholders - The Simfer joint venture consists of Simfer S.A. and is owned by the Government of Guinea (15%) and Simfer Jersey Limited (85%), with Rio Tinto Group and Chalco Iron Ore Holdings as key stakeholders [8][9] - WCS is a consortium that includes Winning International Group, Weiqiao Aluminium, and Baowu Resources, with a combined ownership structure of 51% and 49% respectively [7]

Guinea has started shipping iron ore from Simandou, the site of the world’s largest reserve of the mineral https://t.co/c3pNUYCJzA ...

Core Viewpoint - Anglo American plc and Teck Resources Limited are proposing a merger of equals to create "Anglo Teck," aimed at becoming a leading global critical minerals champion and a top-five global copper producer by 2027 [1] Group 1: Merger Details - The merger will result in Anglo Teck having over 70% exposure to copper, with projected annual copper production of approximately 1.2 million tonnes and premium iron ore production of 61 million tonnes by 2024 [2] - Anglo American shareholders will own approximately 62.4% of Anglo Teck, while Teck shareholders will own about 37.6% [3] - A special dividend of US$4.5 billion, approximately US$4.19 per share, is planned for shareholders ahead of the merger completion [3] Group 2: Value Creation and Synergies - The merger is expected to generate annual pre-tax recurring synergies of approximately US$800 million by the end of the fourth year, driven by economies of scale and operational efficiencies [4] - Long-term operational synergies from integrating operations in Chile are projected to deliver US$1.4 billion in underlying EBITDA revenue synergies annually from 2030 to 2049 [4] Group 3: Corporate Structure and Leadership - Anglo Teck's global headquarters will be in Vancouver, Canada, with corporate offices in London and Johannesburg, and a majority of the senior executive team based in Canada [5] - Leadership will include Duncan Wanblad as CEO, Jonathan Price as Deputy CEO, and John Heasley as CFO [5] Group 4: Commitment to Regions - Anglo Teck has committed to compliance with empowerment and mining license requirements in South Africa, along with financial contributions to the Junior Mining Exploration Fund [6] - In Canada, the company plans to invest at least CAD$4.5 billion over five years, including up to CAD$2.4 billion for the Highland Valley Copper Mine Life Extension Project [6] Group 5: Shareholder Approval - The merger requires shareholder approval at a General Meeting scheduled for 9 December 2025, with resolutions including the allotment of new shares and a legal name change to "Anglo Teck plc" [7]

Core Insights - The Mont Sorcier project is progressing towards a feasibility study completion targeted for Q2 2026, focusing on high purity magnetite iron production in Quebec [1][16] Project Overview - The Mont Sorcier project can produce a premium 67% iron concentrate, classified as a Critical Mineral Project by Canadian and Quebec governments, contributing to the decarbonization of the steel industry [2][18] - The project is expected to have a long mine life of approximately 20 years, with high margins and low operating costs due to its location and existing infrastructure [3][7] Production and Development Plans - The project is being designed for an expanded production rate of 8 million tonnes per annum (MM tpa), up from the previously planned 5 MM tpa, with a phased development approach [5][16] - Phase one aims to deliver an initial 4 MM tpa of concentrate, with an additional 4 MM tpa expected to come online in the third year of operation [5] Cost and Infrastructure - Phase 1 capital costs are anticipated to increase by approximately 30-40% compared to the Preliminary Economic Assessment (PEA) due to revised designs and inflation [6] - The project benefits from existing rail and port infrastructure, which will support its development and operational efficiency [3] Resource and Environmental Considerations - The company has completed significant resource definition work, totaling 17,890 meters, to support an updated Mineral Resource Estimate [7] - Efforts are being made to optimize the site layout to minimize environmental impacts, with ongoing progress on the Environmental and Social Impact Assessment (ESIA) [8][9] Government Support and Market Demand - There is strong governmental support for developing critical mineral mines in Quebec, which aligns with the project's strategic importance [3] - The demand for high-grade Direct Reduction Iron (DRI) material is growing at approximately 10% per annum, significantly outpacing the broader iron ore market [2]

Samandu. This is Africa's biggest ever mining project built on the world's largest untapped deposit of iron ore. And this is the story of how it went from being an ambitious dream to the cusp of reality.Iron ore is the raw material used to make steel with a global market worth about $300 billion a year. And yet the deposits at Samandu, which Riotinto started exploring almost three decades ago, remained trapped under the mountains. Its extreme remoteness, military coups, and corruption scandals paralyzed the ...