UK Hochschild Mining Opposing Peru’s Intentions To Close Multiple Mines

Hochschild-Mining

Hochschild Mining, a British mining concern, will challenge Peruvian government plans to speed up the closure of numerous mines in the southern Ayacucho area due to environmental concerns. Hochschild owns Pallancata and Inmaculada, which account for 80% of the British company’s yearly gold and silver output. The firm expects to generate more than 60% of […]

China’s Objective To Maintain 2021 Crude Steel Output At The Same Level As 2020

crude-steel

Steel and iron ore futures prices plummeted to their lowest levels since February 2020, as demand dwindled and prices plunged. BHP, Rio Tinto, and Fortescue Metals and the state and federal budgets of Western Australia and the United States felt the iron ore price decline.  More Chinese steel plants have been forced to halt operations […]

Why is Rio Tinto stock declining 35% as iron ore prices plummet?

iron ore

According to state officials, (NYSE: RIO) has lost more than 11% of its value in the previous month and is now trading at $76 per share. The stock’s recent slide has been fueled by a dramatic reduction in global iron ore prices. During the beginning of September 2021, the price of iron ore per dry […]

China’s greenfield iron ore plant will use stirred mill technology from Metso Outotec

One of Metso Outotec’s “Planet Positive” mineral processing orders is several energy-efficient stirred mills for installation at a new iron ore plant in Liaoning Province, north-eastern China. The stirred mill installation, which will generate 11 megawatts of electricity, is the world’s largest stirred mill array. This order appears as a September quarter order received in […]

BHP warns exceptional iron ore price of the past to wane

Iron-ore_bhp

Regarding China’s decreasing steel output and its current coronavirus epidemic, Anglo-Australian miner BHP warned that the exceptional iron ore prices of the past might be on the wane. Since mid-July, iron ore prices have plummeted by 40% because of fears about China’s demand for half of the world’s steel consumption. Australia and Brazil, which are […]

Shipments of Vale Iron Ore (Northern Brazil) are at their Lowest Level in 4 Years

iron ore

Vale iron ore shipments from the Ponta da Madeira port in So Lus, Northern Brazil, were 21% lower than projected, in July. Ponta da Madeira is one of the world’s major iron ore and manganese loading terminals, and it’s where Vale ships their premium Carajas ore.The terminal has a nominal loading capacity of roughly 230 […]