ArcelorMittal boss says EU must respond further to Trump’s steel tariffs

New study plotting US equities against raw material prices going back to 1970 points to 112% upside for commodities just to return to trend.

Of all the mining-town booms spawned by China’s insatiable appetite for minerals, few were as epic as that of Australia’s Port Hedland.

The Australian miner released risk assessment results in response to pressure from a group of investors that requested information on facilities controlled by nearly 700 mining companies be disclosed.

In April, ethical investors working on a global standard for tailings dams had written to 683 listed resource companies, including major miners, asking for information to be made public within 45 days about every facility they control.

China's iron ore dipped on Thursday and marked its weakest weekly performance in nearly two months.

The race to mine Guinea's iron ore has started although the focus is not on its giant Simandou deposits but on smaller finds whose output could be transported via Liberia if ArcelorMittal shares its railway.

Brazilian mining giant Vale SA said on Wednesday it had created the new role of executive director for safety and operational excellence.

According to PwC, investors seemed unimpressed last year, as market valuations fell 18%.

Billionaire Beny Steinmetz’s mining company has sought bankruptcy protection in the US, two months after losing a $2 billion arbitration award to Brazilian mining giant Vale.