Latest Iron Ore News

Pearl Gull Iron has completed the sale of its Cockatoo Island Project, receiving $4.5 million in cash, a 4% indirect stake in Crestlink Pty Ltd, and ongoing royalties. The transaction positions the company to pursue new growth opportunities while maintaining exposure to the project’s future upside.

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 launched a $289 million all-cash tender offer to acquire Norway’s Rana Gruber ASA, aiming to strengthen its position in the high-grade iron ore market and advance decarbonization in steelmaking.

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.

Eminence Minerals has concluded its Supreme Court hearing challenging the recognition of two Aboriginal heritage sites on its Hamersley Iron Ore Project land, with a court decision expected in early 2026.

Accent Resources reports metallurgical testwork confirming high-grade magnetite concentrates at coarse grind sizes, advancing its Magnetite Range Project towards green steel markets.

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.

Genmin Limited has completed a A$25.7 million capital raise, wiping out its debt and positioning itself to accelerate development of its flagship Baniaka iron ore project in Gabon.

Central Iron Ore Limited has announced a rights offering to raise up to $2.89 million, aiming to support its South Darlot joint venture, advance drilling at British King Mine, and repay a loan to majority shareholder Gullewa Limited.

Macro Metals has confirmed access to Utah Point at Port Hedland, enabling export of up to 4 million tonnes per annum from its Extension Iron Ore Project starting late 2026. This milestone advances project financing and production plans.

AKORA Resources has secured strong endorsement from Madagascar’s new government to upgrade its Bekisopa iron ore project licence from exploration to mining, paving the way for project advancement and investment.

Alchemy Resources has reported further high-grade iron ore intercepts at its Valley Bore Project in Western Australia, confirming mineralisation over a 600m strike length with strong potential for expansion. The company’s joint venture option with Newcam Minerals adds strategic momentum to the project’s development prospects.