Developed after more than 10 years of research, this method injects finely ground iron ore powder into a very hot furnace, causing an “explosive chemical reaction”, according to the engineers.

(Bloomberg) -- 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.

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.

Rio Tinto reported a 15% rise in annual net profit, but pared its dividend as weaker iron-ore prices weighed on underlying earnings. The world’s second-biggest miner by market value recorded a ...

(Bloomberg) -- Fortescue Ltd.’s first-half profit plunged by 53% from the year before as demand for iron ore from biggest consumer China softened. The slump in net income to $1.55 billion for ...

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 ...

Japanese giant Mitsui has made the biggest investment in its 78-year history paying $US5.34 billion ($8.4 billion) for a stake in the Rhodes Ridge iron ore project in ...