Latest Iron Ore Mining News

Genmin has drawn strong international interest to finance its Baniaka iron ore project in Gabon, with proposals ranging from joint ventures to prepayment facilities. The Gabonese government backs the project as a national priority, aiming for a final investment decision by mid-2026.

Iron Bear Resources has boosted its Indicated Mineral Resource by 114% to 4.5 billion tonnes at 29.5% Fe, while total resources fell 18% due to updated geology and economics. The Labrador Trough project now rests on a stronger technical foundation with high-quality magnetite concentrates confirmed.

RocketDNA Ltd delivered a break-even operating cash flow quarter with $2.47 million revenue, driven by soaring autonomous drone usage and the debut of its Skylink® operating system.

Newcam Minerals has exercised its option to acquire a 60% interest in Alchemy Resources' Bryah Basin Iron Ore Project, paying $500,000 and taking operational control. Alchemy retains a 40% free-carried stake to a Decision to Mine, reducing its development risk while preserving upside exposure.

Monadelphous Group Limited has announced new and extended contracts worth approximately $145 million across key resource sector sites in Australia and Papua New Guinea, reinforcing its longstanding industry presence.

Grange Resources has released its 2025 Annual Mineral Resource and Ore Reserve Statement for its Savage River operation, reporting only minor declines due to mining depletion and ongoing refinement of underground plans.

Magnetite Mines Limited’s MGTOG securities have been suspended from ASX quotation due to non-compliance with listing rules, raising questions about the company’s regulatory standing.

Pearl Gull Iron Limited has been suspended from ASX trading after failing to meet operational requirements, raising questions about its future on the exchange.

Babylon Pump & Power reported a $7.16 million loss for H1 FY26, weighed down by acquisition-related expenses and an impairment charge, while its rental segment soared post-acquisitions.

RocketDNA Ltd reported a 6% increase in revenue to AUD 76.83 million for the year ended 31 December 2025, expanding its autonomous drone footprint across Australia and Africa while securing major mining contracts.

Rio Tinto reported solid 2025 results with an 8% increase in copper equivalent production and disciplined cost management, driving a 9% rise in underlying EBITDA to $25.4 billion. The company marked major project completions and maintained a strong dividend payout.

Deterra Royalties reported a robust December quarter with record iron ore royalty revenue from Mining Area C and significant progress on the Thacker Pass lithium project, backed by a US$435 million DOE loan draw.