US awards record $6bn to back industrial emissions reduction projects
The US Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 states to cut carbon emissions, saying the investment would support well-paying union jobs and boost US competitiveness.
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Dubai’s gold shops take a hit as record prices deter buyers
The ever-higher prices reached by gold are turning Dubai’s traditional bazaar into more of a window-shopping experience.
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China splurges on gold for a 16th month as price hits record
China’s central bank added gold to its reserves for a 16th straight month in February, extending a long buying spree that’s helped to support the precious metal’s surge to a record high.
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Chinese outbound investment in EVs likely set new record in 2023
Chinese outbound foreign direct investment along the electric vehicle value chain likely set a new record in 2023, a report from Rhodium Group showed, as western economies step up scrutiny of China’s production-focused, debt-driven development model.
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Harmony Gold to pay record interim dividend, extend life of Mponeng mine
Harmony Gold, South Africa’s leading gold miner by volume, said on Wednesday it will spend 7.9 billion rand ($410 million) to extend the life of Mponeng, the world’s deepest gold mine.
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Gold demand to hit record with central bank buying, WGC says
Total gold demand hit a record last year and is expected to expand again in 2024 as the US Federal Reserve moves toward cutting interest rates, potentially aiding prices, according to the World Gold Council.
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China’s 2023 iron ore imports hit a record high on rising demand
China’s iron ore imports in 2023 hit a record high, up 6.6% from a year before, customs data showed on Friday, thanks to stronger demand amid a lack of government-mandated steel output caps and higher-than-expected steel exports.
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Record resources deals rescue a dim year for Australian bankers
Mining News Pro - Energy and mining deals have dominated Australia’s dealmaking scene like never before this year.
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A new record on the module 2 of KSC steel reduction unit
Mining News Pro - A new record has been registered on the module 2 of KSC steel reduction unit.
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Visit: 93
Gold price retreats from record as aggressive Fed pivot bets cool off
Mining News Pro - Gold prices retreated from a record high on Monday amid signs that the market’s aggressive pricing of US Federal Reserve rate cuts may have gone too far, which analysts believe was unsustainable.
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Chadormalu has a new record in steel ingot production
Mining News Pro - With the intelligent management of Chadormalu Mining and Industrial Company, the daily production of steel ingots with export quality exceeded 5555 tons.
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Visit: 153
Recording the second monthly production record in the continuous steel casting unit of Mobarakeh Steel
Mining News Pro - A new monthly record was set in the continuous steelmaking and casting unit of Mobarakeh steel in the seven months ending October 1402.
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Visit: 147
Ivanhoe records $108m third-quarter profit
Mining News Pro - Ivanhoe Mines (TSE: IVN) reported on Monday an increase in net profit to $108 million for the third quarter, compared with a profit of $87 million in Q2.
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A new DRI production record for Hormozgan Steel Company
Mining News Pro - In the DRI unit, HOSCO was able to set a new record in DRI production in November.
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US weighing record $1 billion loan for massive lithium mine in Nevada
Mining News Pro - The US Energy Department is in talks to lend a record $1 billion to the developer of one of the country’s largest lithium deposits in a push to build out a domestic supply of critical minerals.
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China’s gold prices surge, hitting a record against the world
Mining News Pro - China’s suddenly full of gold bugs.
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A new record of DRI production for Gol Gohar company in June
Mining News Pro - Gol Gohar Company has a new record for DRI production in June for DRI.
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Platinum market faces record deficit
Mining News Pro - Platinum will register a 2.2% bigger supply deficit than previously expected for 2023 at a record 1 million troy ounces, driven by strong demand and flat supply, the World Platinum Investment Council (WPIC) said on Wednesday.
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Visit: 157
Solar money in China drives world renewable investment to record
Mining News Pro - The world is spending more money than ever in renewable energy, most of it on solar power in China, according to a report from BloombergNEF.
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China’s metals and mining investment overseas to hit record in 2023
Mining News Pro - New research data shows that China’s metals and mining investments overseas are on track to hit record levels this year, as the country locks in its position as the dominant force in the critical minerals supply chain.
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JPMorgan sees gold price charging to records in 2024 as Fed cuts rates
Mining News Pro - JPMorgan Chase & Co. sees an opportunity in gold ahead of a likely US recession, predicting prices will push past $2,000 an ounce by year-end and hit fresh records in 2024 as interest rates start to fall.
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Visit: 154
Chadormalu broke the sales record in the first 4 months
Mining News Pro - Chadormalu Mining and Industrial Company earned 18 thousand billion Tomans from the sale of its products in the 4 months ending in July. This amount of sales of Chadormalu has grown by 16% compared to the same period last year.
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KOTH gold mine sets third stunning record
Mining News Pro - Red 5’s King of the Hills (KOTH) gold mine has delivered a third consecutive month of record gold production.
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Visit: 125
HOSCO has set 35 records in production last year
Mining News Pro - In an interview with Mining News, the CEO of Hormozgan Steel Company said: “Although in the field of energy last year, Hormozgan Steel Company was faced with electricity outages in the summer and gas cuts and reductions in the winter, with detailed planning in this company, we had the least damage.”
“We shot down the units in summer instead of winter due to power outage, although in the hot summer weather the shot down is very difficult to the point where our furnaces would not cool down to allow our associates to begin repairs. All these hardships, our colleagues endured the hardships and did the shot down,” he added.
The CEO of Hormozgan Steel Company, pointing to 35 records in this company, said: “According to the plans we made last year, we registered 35 records in Hormozgan Steel and at the end of the year we exceeded the nominal capacity.”
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Visit: 157
Record the lowest amount of graphite electrode consumption in the steelmaking area
Mining News Pro - The amount of electrode consumption in the steelmaking section of Mobarakeh Steel Company in April 2022 was 1.76 kg per ton of melt, which decreased to 1.60 kg per ton of melt in April of this year.
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Visit: 183