Iron ore price hit by biggest monthly drop in eight years

The seaborne iron ore price has experienced its largest one month drop in almost eight years as shipments increased to China, sparking supply pressure. S&P Global Platts reported that iron ore lump premiums have plummeted 74 per cent over the past two months as steel mills reduced the usage of lump in response to thin […]

OZ Minerals and Minotaur join forces in Cloncurry

Minotaur Exploration and OZ Minerals have secured three joint venture partnerships in Cloncurry, Queensland. According to Minotaur, the three Cloncurry JV agreements align with the company‚Äôs project generation strategy to attract top tier farm-in partners, minimising equity dilution to shareholders. In a previous agreement, OZ Minerals acquired 70 per cent interest in the Eloise JV […]