Latest Iron mining and refining News

Rio Tinto chairman leaving over destruction of sacred sites

Mar. 03, 2021 12:40 PM EST

CANBERRA, Australia (AP) — Rio Tinto chairman Simon Thompson said Wednesday he was accountable for the mining giant destroying sacred Indigenous sites in Australia to access iron ore and he will not seek reelection as a board director next year. Thompson’s...

Minnesota Supreme Court deals blow to Minntac iron mine

Feb. 10, 2021 18:19 PM EST

ST. PAUL, Minn. (AP) — Regulators can apply strict drinking water standards to limit groundwater pollution from North America's top-producing iron mine, the state Supreme Court ruled Wednesday. The Minnesota Pollution Control Agency properly concluded that pollution...

Brazil's Vale signs $7 billion settlement in mining disaster

Feb. 04, 2021 16:21 PM EST

RIO DE JANEIRO (AP) — Brazilian mining giant Vale signed a settlement deal on Thursday to pay 37.7 billion reais ($7 billion) to the state of Minas Gerais, following the collapse of a dam two years ago that devastated the city of Brumadinho and killed more than 270 people. ...

Israeli diamond tycoon convicted in Swiss corruption trial

Jan. 22, 2021 15:13 PM EST

GENEVA (AP) — A Geneva court on Friday convicted Israeli diamond magnate Beny Steinmetz on charges of corrupting foreign public officials and forging documents, in a trial over his successful bid to reap lavish iron ore resources in the Guinea. The man considered by...

Minnesota lawmakers introduce anti-copper mining legislation

Jan. 15, 2021 13:26 PM EST

MINNEAPOLIS (AP) — Minnesota lawmakers are ramping up efforts to prevent mining companies from gaining a foothold in Minnesota with legislation that aims to slow or ban copper-nickel mining on the Iron Range. Companion bills set to be proposed by state lawmakers and...