India’s low-grade iron ore key behind spurt in export demand

low grade iron ore

Even as Lockdowns across the world have crippled manufacturing activity, India’s exports of iron ore, essential to the outcome of steel, have been flourishing. Under pressure Steel furnaces running when demand for finished steel products has come to a standstill, steelmakers across the world have turned to cheap, low-grade iron ore exported by India to […]

Coal’s crash could lead to a landscape of abandoned mines

abandoned coal mines

As yet another coal mining company teetered on the edge of bankruptcy, West Virginia, on March 26, asked a court for control of several abandoned mines, all possessed by mining company ERP Environmental Fund. This could be the first mining emergency steps states must take to stop several defunct mines from littering the landscape with […]

Iron Ore Price boosted as a result of Resilient China Steel Production.

iron ore

Iron ore prices edged higher last week thanks to a near 1% rise on Friday despite news of the record fall in Chinese economic growth in the March quarter. The Price of 62% Fe Fines delivered to northern China increased 80 cents on Friday to $US86.17 a tonne, up from $US85.60 last Thursday before the […]

300 Powder River Basin coal workers laid off

Powder-River-Basin-coal-mines

About 300 workers were laid off last week at three Powder River Basin coal mines, adding to a string of bad news for Wyoming’s already struggling coal industry as it responds to deep cuts in demand aggravated by the COVID-19 pandemic. Coal Company Navajo Transitional Energy Company announced 130 layoffs at its Antelope and Spring […]

Another Mining Giant awakens.

Mesabi Iron Range mining

Photographs of early Mesabi Iron Range mining are in black and white. We may identify the gray material in the rail cars as iron because why else would those mustachioed gentlemen have shoved it up? But the early open pit and underground mines were very much driven by the color — bright, vibrant colors of […]

China stainless steel hits nine-month high as local demand recovers.

China Stainless steel

Chinese stainless steel Futures rose on Monday, hitting their highest level in over nine months as domestic demand continued to recover after Covid-19 related shutdowns. The Most-traded stainless steel futures contract on the Shanghai Futures Exchange, for June delivery, rose to 4.4% before ending the session 4.0% higher at 13,675 yuan ($1,931.55) a tonne, the […]

BOT model can boost emerging contractors, revamp mining

BoT Model

According to B&E International, opening the doors of the mining industry to junior miners and emerging contractors can be boosted by partnerships depending on the build-operate-transfer (BOT) concept. Experts in integrated crushing, mining, and mineral processing solutions, B&E International brings its experience of not only operating crushing plants but designing and manufacturing its innovative equipment […]

Ted Cruz seeks to end US dependence on China for critical minerals

Ted-cruz

US senator Ted Cruz has introduced legislation to end what he describes as the country’s “dangerous dependence” on China for critical minerals and rare earth elements. He said the Onshoring Rare Earths Act of 2020, or ORE Act, was designed to set up a supply chain in the US, by providing tax incentives to the […]