Latest Iron Ore Production News

Fenix Resources’ latest Scoping Study outlines a robust plan to ramp up Weld Range iron ore production to 10 million tonnes per annum by 2031, extending mine life to 2042 with significantly reduced costs and strong financial returns.

Champion Iron Limited has announced a conditional cash tender offer to acquire Norwegian iron ore producer Rana Gruber for approximately US$289 million, backed by key financial partners La Caisse and Scotiabank. The deal aims to expand Champion’s high-grade iron ore portfolio and strengthen its position in the green steel supply chain.

Macro Metals Limited has completed the acquisition of a 27.3% interest in the Extension Iron Ore Project, positioning itself to move beyond mining services into direct iron ore production with first ore targeted for late 2026.

Fenix Resources unveils a robust three-year plan to ramp up iron ore production from 2.4Mt in FY25 to 6Mtpa by FY28, anchored by its Weld Range Project. The company also raises FY26 guidance and initiates feasibility studies for further expansion.

MLG Oz Limited has extended its contract with Rio Tinto at the Western Turner Syncline Mine by three months, adding approximately $5 million in revenue through March 2026.

Genmin Limited has made significant progress on its Baniaka iron ore project in Gabon, with PowerChina submitting competitive engineering and construction proposals and the company securing A$15 million in director-related loans during the quarter.

Brockman Mining Limited reports steady progress on its Marillana and Ophthalmia iron ore projects through joint ventures and infrastructure planning, maintaining a solid cash position despite no production this quarter.

QX Resources has confirmed promising historical uranium grades at its Madaba Project in Tanzania and progressed gold exploration in Queensland, while securing a strategic farm-out for its Pilbara iron ore rights.

Juno Minerals has completed the sale of its Mount Mason DSO Hematite Project for A$6 million plus a 2% royalty, while maintaining focus on its flagship Mount Ida Magnetite Project.

Juno Minerals has completed the sale of its Mount Mason DSO Hematite Project to Gold Valley Yilgarn for A$6 million cash plus a 2% royalty, with production set to start mid-2026. The deal strengthens Juno’s cash position while allowing focus on its flagship Mount Ida Magnetite Project.

Red Hill Minerals reports a profitable FY25 with robust royalty income from the Onslow Iron Project, declaring a fully franked final dividend of 6.5 cents per share.

Cyclone Metals has launched a comprehensive Pre-Feasibility Study for its Iron Bear iron ore project in Canada, aiming to refine development plans and attract global steel market demand.