While Iran is fighting the U.S. severe sanctions on its economy, and the country’s different industrial and economic sectors have been affected by the limitations and difficulties caused by the sanctions condition, the country’s mining sector is moving forward noticeably, overcoming such barriers.
News ID: 10175 Publish Date : 2021/02/15
Colombia’s Ministry of Energy and Mines announced a new project that aims at taking news steps towards decarbonizing the country’s electrical grid.
News ID: 10146 Publish Date : 2021/02/08
China’s vast steel sector, and the iron ore industry feeding it, is grappling with a seemingly contradictory policy impulse that it should produce less this year, even as demand remains strong amid post-pandemic stimulus spending.
News ID: 10114 Publish Date : 2021/02/02
Brazil’s National Mining Agency (ANM) is set to hire 40 more safety inspectors, to more than double the total number of inspectors, allowing it to check all the country’s tailings dams annually, the agency’s director told Reuters on Thursday.
News ID: 10113 Publish Date : 2021/02/02
On January 25, 2019, the Córrego do Feijão dam near the town of Brumadinho collapsed, releasing 9.7 million cubic meters of waste. Image courtesy of Earthworks.
News ID: 10112 Publish Date : 2021/02/02
BHP and Vale’s beleaguered Samarco joint venture in Brazil has been hit with an almost $1 billion lawsuit from noteholders who accuse the company of ignoring their requests to restructure their debt.
News ID: 10111 Publish Date : 2021/02/02
A Zambian court on Monday dismissed a motion by miner Vedanta Resources’ seeking to stop a state-appointed provisional liquidator from splitting up its Konkola Copper Mines (KCM) unit and selling the assets.
News ID: 10110 Publish Date : 2021/02/02
China’s Dalian Commodity Exchange said on Thursday it had added new deliverable brands for its benchmark iron ore futures, while adjusting premiums and discounts for existing deliverable brands.
News ID: 10090 Publish Date : 2021/01/29
China is paying a heavy toll for its efforts to punish Australia by banning or restricting certain commodity imports, while conversely, Australia seems to have avoided any serious financial ramifications so far.
News ID: 10087 Publish Date : 2021/01/29
Australia and Brazil, the world’s two largest iron ore producers, remained China’s top suppliers in 2020, but imports from India soared 88% as Chinese mills diversified sources amid sky-high raw materials prices.
News ID: 10083 Publish Date : 2021/01/29
Canada’s Turquoise Hill Resources (TSX, NYSE: TRQ) is seeking an interim order in its arbitration against Rio Tinto (ASX, LON, NYSE: RIO) as some of the top miner’s actions could limit Turquoise Hill’s funding options for the vast Oyu Tolgoi copper-gold-silver mine in Mongolia.
News ID: 10082 Publish Date : 2021/01/29
Iron ore prices fell back on Tuesday after data showed five straight weeks of lower production by Chinese steel mills, which forge more crude steel than the rest of the world combined.
News ID: 10061 Publish Date : 2021/01/27
Iron ore prices surged on Wednesday on signs the Chinese economy continues to pick up pace and Vale, the top miner of the steelmaking raw material announced an output halt.
News ID: 9947 Publish Date : 2020/10/01
Researchers at the University of Alberta have uncovered the formation mechanism behind iron oxide-apatite deposits, a revelation that gives geologists new clues as to where to hunt for ore.
News ID: 9927 Publish Date : 2020/09/28
Rio Tinto said on Tuesday that it was ready to talk to stakeholders over allegations of human rights breaches at a giant copper mine in Bougainville that it formerly owned, after community members filed a complaint with the Australian government.
News ID: 9926 Publish Date : 2020/09/28
Miner and commodities giant Glencore (LON: GLEN) said on Wednesday it will invest A$500 million (about $355m) to extend the life of its copper smelter and refinery in the Australian state of Queensland beyond 2022.
News ID: 9903 Publish Date : 2020/09/24
Rio Tinto did not tell Aboriginal traditional owners of two ancient caves destroyed to mine iron ore about three alternative mine plans, its CEO told an inquiry on Friday, despite saying it had won fully informed consent for blasting.
News ID: 9814 Publish Date : 2020/08/09
Australian iron ore major Fortescue Metals Group (ASX: FMG) said on Friday it would re-evaluate an expansion plan at one of its iron ore mines in the Pilbara region, after an Indigenous group said the project threatened sacred sites, including a 60,000-year-old rock shelter.
News ID: 9811 Publish Date : 2020/08/09
Chinese iron ore futures surged on Monday, marking the biggest intraday percentage gain since July 2019, as supply concerns deepened after the country’s second-biggest iron ore supplier Brazil shut down Vale’s Itabira complex due to coronavirus concerns.
News ID: 9691 Publish Date : 2020/06/10
Australian iron ore producers accounted for the largest share of operating profits in the entire resources sector, including upstream oil and gas and coal mining, during the 2018-19 fiscal year to 30 June. The resources sector, at 8pc of the economy, accounted for more than a fifth of all industry profits.
News ID: 9642 Publish Date : 2020/05/31
