Rio Tinto Group's West Angelas iron ore mine in Pilbara, Australia, in 2012. Rio Tinto Group and partners Mitsui & Co. and Nippon Steel Corp. will spend $733 million on developing new iron ore mines in the Pilbara region of Western Australia to sustain output from the West Angelas hub. Most Read from Bloomberg The West Angelas Sustaining Project will involve mining new areas to keep production at about 35 million tons of the steelmaking ingredient each year, Rio said in a statement Tuesday. The group has ...

Dry bulk shipping rates have plunged ~25% this week due to a dispute over BHP's (NYSE:BHP) iron ore shipments to China and a seasonal lull in demand, Bloomberg reported Friday. Spot rates for Capesize bulk carriers fell 6% on Thursday to the ...

BHP Group Limited (NYSE:BHP) is one of the best performing ASX stocks in 2025. On September 16, BHP Mitsubishi Alliance (BMA) – a joint venture between BHP and Mitsubishi Development – said it will cut 750 jobs across Queensland. BMA will also suspend operations at the Saraji South coking coal mine. The joint venture will place the Saraji South site into care and maintenance, starting in November 2025, effectively halting active mining at that location. Of the 750 jobs, direct coal production jobs affected ...

Vale S.A. (NYSE:VALE) ranks among the best cheap rising stocks to invest in now. On September 16, Scotiabank raised Vale S.A. (NYSE:VALE) from Sector Perform to Sector Outperform, with a $14 price target. The upgrade comes after Scotiabank recently visited Vale’s Brucutu and Capanema mines, where presentations and conversations with management revealed the company’s long-term strategy. Pixabay/Public Domain Scotiabank emphasized Vale’s capacity to expand its iron ore sales besides China while retaining ...

Citigroup will continue to have a neutral-to-bearish view on iron ore as supply disruptions have been priced in and the spot rally has run ahead of fundamentals https://t.co/r3uDIAstkb ...

Group 1: Mineral Resources Ltd (MIN) - The share price of Mineral Resources Ltd has increased by 11.9% since the beginning of 2025 and is currently 28.6% above its 52-week lows [1] - Mineral Resources Ltd is a diversified mining company focused on lithium and iron ore extraction in Western Australia, and it also provides mining and engineering services through its subsidiary, CSI Mining Services [1][2] - The company differentiates itself from competitors by maintaining in-house engineering and construction capabilities, allowing for greater control and flexibility during product development [2] Group 2: ResMed (RMD) - ResMed, founded in 1989, specializes in medical equipment, particularly cloud-connectable CPAP machines for treating obstructive sleep apnea, and is headquartered in San Diego, California [3][4] - The company operates in over 140 countries with more than 10,000 employees and has two main business units: Sleep and Respiratory Care, and Software as a Service (SaaS) [4] - In the Sleep and Respiratory Care unit, ResMed provides advanced CPAP machines and ventilation solutions, while the SaaS unit offers software supporting durable medical equipment [4] Group 3: Share Price Valuation - Mineral Resources Ltd currently has a price-to-sales ratio of 1.45x, significantly lower than its 5-year average of 3.02x, indicating that shares may be undervalued or that revenue has increased [6] - ResMed shares are trading at a price-to-sales ratio of 5.70x, which is also below its 5-year average of 8.70x, suggesting a similar undervaluation [7]

Group 1: Market Overview - Markets are relatively quiet with equities flat, while crude oil and gold prices have seen slight increases. The dollar and interest rates are gradually rising [1]. Group 2: Mega-Merger Announcement - Anglo American Plc (NGLOY) and Teck Resources Ltd. (TECK) are set to merge in a $55 billion transaction, creating a new entity named "Anglo Teck" which will be headquartered in Vancouver and primarily listed in London [1]. Group 3: Mining Sector Insights - The combined company will have mining operations producing iron ore, copper, zinc, and other metals across various countries including Chile, Peru, Canada, South Africa, Brazil, Finland, and the US. This merger is part of a trend in the mining sector where companies are seeking greater exposure to copper, a critical metal for the energy transition [3].

Iron ore was headed for its first back-to-back weekly gain since July, as expectations of production resuming in China boosted sentiment https://t.co/2hT6pHr2AE ...

Iron ore rose for a second day, as traders focused on expectations that the Chinese government will enforce steel production cuts ahead of next month’s military parade in Beijing https://t.co/pAjLkWSKmJ ...

Iron ore gained after a Chinese consultancy said several steel mills had been told by authorities they will need to temporarily halt production later this month due to air-pollution concerns https://t.co/AiLH8sAvPe ...