Investors are preparing for a new era of slumping profits and hefty dividend cuts by the world’s largest miners as iron ore markets brace for a flood of supply to trigger a collapse in prices.

BEIJING, Feb 21 (Reuters) - Iron ore futures prices climbed on Friday to their highest levels in more than four months and headed for a weekly gain, as signs of recovery in steel consumption ...

Japanese trading house Mitsui & Co. will buy a stake in an Australian iron ore project for $5.3 billion, in a bet that the global steel industry will need high-quality raw materials to support its ...

Vale approves $1.98B in dividends, yielding 10.4%, and renews a 120M share buyback program. Iron ore production expected to rise to 325-335 Mt in FY25, with costs declining through 2026 Get access ...

Japanese trading house Mitsui & Co said on Wednesday it would acquire a 40% stake in the Rio Tinto-operated Rhodes Ridge iron ore project in Western Australia for $5.34 billion, to strengthen its ...

But it won’t occur seamlessly, as the miner’s historical main profit-driver, its West Australian iron ore business, wanes even as it ramps up copper and potash as its future earnings and ...

The state is then expected to try and recoup losses by suing Fortescue, the world's fourth biggest miner of iron ore. "Fortescue accepts that the Yindjibarndi People are entitled to compensation ...

Japanese firms have spent more than $10 billion on Australian iron ore and coal mines in the past six months as geopolitical and commercial ties converge. Japanese buyers are known for three ...

The world’s biggest miners, having cashed in on China’s once-rampant demand for iron ore, are starting to reel from the impact of their main customer’s economic struggles. BHP Group ...

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