Industry News
-
Russell: Iron ore price slump justified by improving supply, China steel control
Stock Image. (The opinions expressed here are those of the author, Clyde Russell, a columnist for Reuters.) Iron ore’s rapid retreat in recent weeks shows once again that price pullbacks can be as disorderly as the exuberance of rallies, before the fundamentals of supply and demand reassert ...Read more -
Vizsla Silver guides for a September Panuco project restart
Inside Panuco in Sinaloa, Mexico. Credit: Vizla Resources Pending continued improvement in regional health statistics, Vizsla Silver (TSXV: VZLA) plans a staged restart of drilling activities on September 1 at its Panuco silver-gold project in Sinaloa state, Mexico. Soaring covid-19 cases ha...Read more -
Chile court orders BHP’s Cerro Colorado mine to stop pumping from aquifer
A Chilean court ordered BHP’s Cerro Colorado copper mine on Thursday to stop pumping water from an aquifer over environmental concerns, according to filings seen by Reuters. The same First Environmental Court in July ruled that the relatively small copper mine in Chile’s northern desert must ...Read more -
China’s green ambitions aren’t halting new coal and steel plans
China continues to announce new steel mills and coal-fired power plants even as the country maps out a path to zeroing out heat-trapping emissions. State-owned firms proposed 43 new coal-fired generators and 18 new blast furnaces in the first half of 2021, the Centre for Research on Energy ...Read more -
Chile’s $2.5 billion Dominga copper-iron project approved by regulators
Dominga is located about 65 km (40 miles) north of the central city of La Serena. (Digital rendition of project, courtesy of Andes Iron) A regional Chilean environmental commission on Wednesday approved Andes Iron’s $2.5 billion Dominga project, giving the green light to the proposed copper ...Read more -
Iron ore price bounces back while Fitch sees rally slowing ahead
Stock Image. Iron ore prices rose on Wednesday, after five straight sessions of losses, tracking steel futures as China’s output curbs fuelled supply worries. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $165.48 a tonne, up 1.8% from...Read more -
Union at Caserones copper mine in Chile to strike after talks collapse
Caserones copper mine is located in Chile’s arid north, close to the border with Argentina. (Image courtesy of Minera Lumina Copper Chile.) Workers at JX Nippon Copper’s Caserones mine in Chile will walk off the job beginning on Tuesday after last-ditch talks over a collective labor contract...Read more -
Nordgold begins mining at Lefa’s satellite deposit
Lefa gold mine, about 700km northeast of Conakry, Guinea (Image courtesy of Nordgold.) Russian gold producer Nordgold has begun mining at a satellite deposit by its Lefa gold mine in Guinea, which will boost production at the operation. The Diguili deposit, located about 35 kilometres (22 mi...Read more -
Russell: Robust China coal demand amid Australia import ban fuels price rally
(The opinions expressed here are those of the author, Clyde Russell, a columnist for Reuters.) Seaborne coal has become a quiet winner among energy commodities, lacking the attention of higher-profile crude oil and liquefied natural gas (LNG), but enjoying strong gains amid rising demand. ...Read more -
“Don’t let fool’s gold fool you,” scientists say
A team of researchers from Curtin University, the University of Western Australia, and the China University of Geoscience have discovered that tiny amounts of gold can be trapped inside pyrite, making ‘fool’s gold’ more valuable than its name suggests. In a paper published in the journal Geolo...Read more -
Why will China’s steel prices rise in 2021?
The price increase of a product has a great relationship with its market demand and supply. According to the China Iron and Steel Industry Research Institute, there are three reasons for the rise in China's steel prices: The first is the global supply of resources, which has promoted the increas...Read more -
New opportunities in China-Latin America
LAC-China merchandise trade was almost perfectly stable in 2020. This is noteworthy in itself, as LAC GDP fell more than 7 percent in 2020 according to IMF estimates, losing growth of a decade. , and regional merchandise exports fell overall (United Nations 2021). However, due to stable trade wit...Read more