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Iran’s sponge iron production leap outstanding

15 February 2021 - 00:37
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.

As Glencore leaves Colombia, the country starts its energy transition

8 February 2021 - 01:17
Colombia’s Ministry of Energy and Mines announced a new project that aims at taking news steps towards decarbonizing the country’s electrical grid.

Iron ore price dilemma – Will China actually cut steel output?

2 February 2021 - 03:14
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.

Brazil mining agency to hire more inspectors, allowing annual checks on all tailings dams

2 February 2021 - 03:12
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.

Vale extends settlement talks over mining disaster for 15 days

2 February 2021 - 03:11
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.

BHP and Vale’s Samarco hit with nearly $ 1 billion suit

2 February 2021 - 03:09
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.

Zambian court denies Vedanta attempt to halt Konkola copper mines split

2 February 2021 - 03:07
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.

Dalian exchange adds new iron ore deliverable brands, adjusts premiums and discounts

29 January 2021 - 14:40
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.

China fails to learn from Trump backfire in trade war, is losing against Australia

29 January 2021 - 14:24
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.

China bought most iron ore from Australia, Brazil in 2020, but imports from India up nearly 90%

29 January 2021 - 14:13
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.
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