Iron-ore miner BHP Group and steelmaker Posco have signed a memorandum of understanding to advance hydrogen-based ironmaking technology as part of efforts to decarbonise the steel sector, the companies said last week.

The Simandou project in Guinea threatens to further change the dynamics of the iron ore market, which is already facing an uncertain future in terms of demand, writes Bloomberg.

The Simandou deposit has an iron content that averages above 65%, making it one of the highest and most prized grades in the world.

Sao Paulo-traded shares of Vale rose about 2% on Friday.

Both production and domestic demand have decreased noticeably compared to 2024, while the share of imports in total consumption remains high.

ASX-listed Mineral Resources (MinRes) reported on Thursday that the Onslow Iron project in Western Australia had reached nameplate capacity of 35-million tonnes a year.

JSE-listed Sable Exploration and Mining has reported that its wholly-owned subsidiary Lapon Plant has entered into a comprehensive operator, ore supply and processing agreement with South African mining and contracting company Daemaneng Minerals, with effect f...

ASX-listed Cyclone Metals has received a further A$5.17-million from Vale. This is the third tranche of funding under the binding development agreement for the joint advancement of the Iron Bear iron-ore project.