Iron ore price rebounds after Chinese President pledges to meet development targets
Mining News Pro - The iron ore price rebounded on Thursday after Chinese President Xi Jinping pledged to take more effective measures to achieve the country’s economic and social development goals.
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Visit: 61
Australia to push miners to set up register of offenders
Mining News Pro - Australia will push its mining industry to set up a register of sexual harassment perpetrators to help rein in abuse, a cabinet minister said, after a state government report detailed cases of “horrifying” and “appalling” behaviour against women.
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Visit: 73
Trudeau’s energy chief unveils low-carbon industrial strategy
Mining News Pro - Canada is launching an industrial strategy for its natural resources, with critical mineral infrastructure, hydrogen production and other low-carbon projects set to be a major focus.
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Visit: 78
Over-optimism among China steelmakers behind iron ore’s price plunge
Mining News Pro - Iron ore lost almost a quarter of its value in a dizzying eight-day plunge through Monday. While futures in Singapore are staging a mini-recovery, the short-term outlook for the steel-making material looks grim.
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Visit: 85
Vale to spend $400 million in 2022 to remove tailings dams
Mining News Pro - Brazilian miner Vale SA expects to spend $400 million in 2022 to decommission its tailings dams, aiming to have 12 of its 30 structures eliminated by the end of the year, the company told Reuters on Tuesday.
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Visit: 110
Iron ore suffers short-term demand woes, longer-term China threat
Mining News Pro - The spot price of iron ore has had a torrid time lately, caught between short-term concerns about the economic health of top buyer China and a longer-term threat to the current market system as Beijing seeks to permanently lower costs.
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Visit: 85
Germany is taking steps to bolster gas supplies, Habeck says
Mining News Pro - The German government will step up efforts to bolster gas storage levels after Russia reduced flows in a move Economy Minister Robert Habeck said was intended to unsettle energy markets.
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Visit: 68
War derails plan to ditch coal after UK championed global cuts
Mining News Pro - When the COP26 climate talks concluded in November, UK Prime Minister Boris Johnson declared the world had reached a point of no return in phasing out coal. At the same time, Ukrainian Foreign Minister Dmytro Kuleba warned Europe that Russia was amassing forces near its border.
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Visit: 76
New Wyoming facility to boost extraction of REEs from coal
Mining News Pro - Companies and researchers developing asphalt, graphene, graphite, agricultural char, and carbon fibre and extracting rare earths from coal and coal byproducts, now have a 9.5-acre site to work on their innovations.
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Visit: 73
Guinea gives Simandou iron ore mine developers 14-day deadline
Mining News Pro - Partners in Guinea’s Simandou iron ore mine have 14 days to finalise a joint venture, interim president Mamady Doumbouya said at a meeting with the miners, Rio Tinto and Chinese-backed Winning Consortium Simandou (WCS) on Friday.
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Visit: 74
Rio Tinto starts iron ore deliveries from Gudai-Darri mine
Mining News Pro - Rio Tinto said on Wednesday it had started delivering iron ore from its Gudai-Darri mine in Western Australia as it seeks to boost overall production volumes.
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Visit: 168
The fifth round of visiting Midhco’s projects
Mining News Pro - CEO of Midhco, visited the ongoing projects for the fifth time this year. These visits are based on a regular process.
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Visit: 154
Activist investor Bluebell adds pressure on Glencore to fix coal unit
Mining News Pro - Activist investor Bluebell Capital Partners has again asked Glencore Plc to overhaul its climate policy, while seeking support from other shareholders to push for reform at the commodities giant.
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Visit: 96
Vale creates $100 million venture capital arm to spur mining innovation
Mining News Pro - Vale SA, the world’s No. 2 iron ore producer and one of the biggest nickel suppliers, has created a corporate venture capital arm to back startups focused on developing game-changing innovations for mining and metals challenges.
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Visit: 159
Iron ore price rises despite flat demand from steelmakers
Mining News Pro - The iron ore price rose on Tuesday despite traders fretting about high prices squeezing steel mill margins after Chinese demand for the steelmaking ingredient spurred an earlier rally.
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Visit: 143
Yancoal Australia rejects $1.8bn takeover bid from China’s Yankuang
Mining News Pro - Yancoal Australia (ASX: YAL) rejected on Tuesday a $1.8 billion takeover bid from its largest shareholder, saying that both the value and the proposed structure of the deal were not in the best interests of its minority shareholders.
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Visit: 97
Biden’s trade plan to kickstart US solar fails to win over industry
Mining News Pro - President Joe Biden’s attempt to defuse a complicated trade dispute that’s paralyzed the US solar industry is drawing swift criticism from some of the very companies the White House had been seeking to appease.
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Visit: 96
Explosion at Colombian coal mine kills nine workers, traps six
Mining News Pro - Nine miners have died and six remain trapped following an explosion at the La Mestiza coal mine in Colombia’s northeastern El Zulia municipality.
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Visit: 169
Glencore expected to dismiss bid for Yancoal Australia stake
Mining News Pro - Glencore is expected to dismiss a $3.60 per share offer for its minority stake in Yancoal Australia as it considers the Chinese majority owner’s bid for the coal producer offensively low.
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Visit: 146
BHP tests world-first automated shiploaders in the Pilbara
Mining News Pro - The world’s biggest miner, BHP (NYSE: BHP), this week began testing two new automated shiploaders at its Port Hedland export facility in Western Australia’s Pilbara.
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Visit: 158
Chadormalu Company: More production and less energy consumption are our perspective
Mining News Pro - Chadormalu produced 12 million tons of iron ore concentrate and 3.8 million tons of pellet.
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Visit: 180
Mobarakeh Steel surges the production
Mining News Pro - Since the first month of this (Persian) year, MSC was able to establish some new records thanks to the knowledge-based companies, its engineers, and staff.
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Visit: 208
China stimulus, supply worries fire up iron ore
Mining News Pro - Iron ore prices cheered China’s decision to cut its benchmark interest rate for mortgages by an unexpectedly wide margin, and there are several factors that suggest a renewed rally is on the cards.
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Visit: 142
Asia’s two richest men reap windfall from surging oil, coal
Mining News Pro - Gautam Adani and Mukesh Ambani are profiting from a surge in global commodity prices triggered by Russia’s invasion of Ukraine, burnishing their fossil-fuel credentials even as Asia’s richest men publicly push their pivots toward greener energy.
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Visit: 168
Iron ore price up on supply woes, easing China covid curbs
Mining News Pro - Iron ore price rose on Tuesday supported by supply concerns and shrinking portside inventories, while the easing of some covid-19 curbs in China also lifted trader sentiment.
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Visit: 154