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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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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