HOSCO to become the first steel hub in Iran

Mining News Pro - With the beginning of exploitation projects that each result in 10 million tons of steel, Hormozgan Steel Company will become the first steel hub in Iran.

ESCO’s agreement with Kordestan province to supply iron ore

Mining News Pro - Esfahan Steel Company has signed a memorandum of understanding with the governor of Kordestan province in Iran in order to complete the iron ore value chain from exploration and extraction to complete mineral processing.

US, Canadian companies set to soar on Russian uranium ban

Mining News Pro - United States and Canadian-based uranium companies are set to soar on a coming Russian production ban in the Western world, GoldSilver.com’s senior precious metals analyst, Jeff Clark, told an industry audience at the VRIC conference in Vancouver on Tuesday.

Samarco’s financial creditors plan to take over the company

Mining News Pro - An alternate restructuring plan for Samarco Mineracao SA, a joint venture between Vale SA and BHP Group, proposes that financial creditors take control of the company.

Ivanhoe completes “starter mine” at multi-billion dollar Platreef project

Mining News Pro - Ivanhoe Mines said on Monday it had finished construction of the Shaft 1 production changeover at its platinum group and gold Platreef mine in the South African province of Limpopo.

Blast at India’s Tata Steel coke plant injures three contract workers

Mining News Pro - India’s Tata Steel said three contract workers had been injured in a blast at one of its coke plant units in the eastern state of Jharkhand on Saturday.

F1 tycoon backed gold deal in at heart of money laundering trial

Mining News Pro - Formula One mogul Bernie Ecclestone put up millions of dollars to backstop a series of gold transactions that made “no commercial sense,” prosecutors said at a trial into one the U.K.’s biggest money laundering operations.

Australian court greenlights MMG’s Tasmania tailings dam study

Mining News Pro - In what has been labelled a ‘pro-mining judgement against the environment’ by a non-governmental organization, Chinese-owned base metals producer MMG Inc. (HK: 1208) has won the right to continue preliminary works for a controversial mine tailings dam inside the takayna/Tarkine rainforest in Tasmania’s west.

Europe’s Green Deal requires massive amounts of battery metals

Mining News Pro - A recent study by KU Leuven University shows that meeting the European Union’s Green Deal goal of climate neutrality by 2050 will require 35 times more lithium and 7 to 26 times the amount of rare earth metals compared to Europe’s current use.

Ten missing as second JSW-run coal mine in Poland hit by tremor

Mining News Pro - Ten people are missing after an underground tremor and methane gas leak at the Borynia-Zofiowka mine operated by JSW SA, Europe’s biggest coking coal producer.

Eight workers missing at Trevali’s Perkoa mine in Burkina Faso as flooding suspends operations

Mining News Pro - Eight workers from Trevali Mining’s Perkoa zinc mine in Burkina Faso are missing as flooding caused by heavy rainfall in Burkina Faso over the weekend disrupted operations, the company said.

Denarii silver content reveals new facts about Roman financial crisis

Mining News Pro - The silver content of Roman denarii has shed new light on the financial crisis briefly mentioned by the Roman statesman and writer Marcus Tullius Cicero in his essay on moral leadership, De Officiis.

Climate action “at the heart” of Rio Tinto strategy

Mining News Pro - Rio Tinto’s annual general meeting (AGM) has seen the major miner put its climate action plan to its shareholders for an advisory vote, in response to investor sentiment.

Zimbabwe mines see $10 billion funding shortfall over five years

Mining News Pro - Zimbabwe’s mining industry sees a funding shortfall of $10 billion over the next five years, a challenge compounded by erratic power supplies and exchange-rate volatility.

‘New’ frog species discovered near mining sites in Ecuador

Mining News Pro - Two new species of endangered glass frogs, the Mashpi glass frog (Hyalinobatrachium mashpi) and the Nouns’ glass frog (Hyalinobatrachium nouns) were identified near active mining areas in the Ecuadorian Andes.

Harmony reports fatality at Johannesburg mine

Mining News Pro - South African gold miner Harmony Gold said on Monday that a mine-worker had died of an accident at one its mines in Johannesburg on Friday.

Twenty first round of visit from MIDHCO’s project this year

Mining News Pro - Chief executive of Midhco paid his twenty first visit to company’s projects this year.

Oxin Steel won an award from Iran’s Department of Environment

Mining News Pro - Oxin Steel received a green industry award from Iran’s Department of Environment for three consecutive years in the evaluation of the Green Industry Award.

Electric vehicles are scarce and expensive as pump prices rise to record highs

Mining News Pro - Spiking gasoline prices have increased Americans’ monthly bills to fuel popular pickups and SUVs by hundreds of dollars, leading more consumers to kick the tires on electric vehicles.

Khuzestan Steel localized the production of oxygen compressors

Mining News Pro - Khuzestan Steel is now able to localize the production of oxygen compressors in the oxygen unit.

Hormozgan Steel is a leading company in developing projects

Mining News Pro - Chief executive of HOSCO said that during the last 7 months the company has experienced a good progress in developing projects.

Anglo American hits record profit, more than triples payout

Mining News Pro - Anglo American (LON: AAL) joined a growing list of miners that have delivered record profits this week, with full year earnings of $20.6 billion and a $2.1 billion final dividend, on the back of soaring commodity prices.

Oil surges as Ukraine tensions mount and market giants bullish

Mining News Pro - Oil jumped as tensions mounted between Russia and the West over Ukraine, adding to bullish sentiment as leading market participants said they expect global demand to continue its powerful recovery from the pandemic.

Glencore earmarks $1.5 billion for probes amid record profit

Mining News Pro - Mining and commodities trader Glencore (LON: GLEN) will set aside $1.5 billion to cover a series of probes into bribery and market manipulation, which it said it expects to resolve before the end of the year.

Indonesia suspends operations of more than 1,000 miners

Mining News Pro - Indonesia has suspended the operations of more than 1,000 miners of coal, tin and other minerals due to a failure to submit their 2022 work plans, according to a document issued by the Minerals and Coal Directorate General of the mining ministry.

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