martes, 27 de noviembre de 2018

Iron ore price craters 8%

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Iron Ore News Digest
Wednesday 28 November 2018
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Fears over slowing Chinese growth and impact of trade war with the US removes floor under iron ore price.

Over its almost 18-year mine life, Santo Domingo is expected to produce an average of 134-million pounds a year of copper, 4.2-million tonnes a year of iron concentrates and 17,000 annual ounces of gold.

Global iron ore production will grow due to mine expansions in Brazil and increasing output from India.

The Hassan Rouhani government is kickstarting a program for the revitalization, activation, and development of the country's artisanal mines.

The Innu First Nations filed their lawsuit in 2013, seeking compensation of $900 million.

Rates for dry bulk cargo carriers have collapsed 70% since August.

In the past two years, Cat has been working on growing its offering, particularly in the underground segment, as well as filling up some gaps in terms of trucks sizes.

This establishes the record for the largest shipping program ever executed in the Canadian High Arctic.

The storied miner is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.

Nigeria, Africa's top crude oil producer, is aiming to diversify its economy by developing other industries such as mining through various incentives.

As steel prices slid, Chinese mills ran up losses for the first time in three years this month, ending years of solid profit margins.

In the case of Rainbow Mountain, those in favor of conservation appear to have won out.

China's steel prices tumbled more than 5% to a five-month low as persistent worries over weaker demand pushed the sector into a bear market, sparking a selloff in raw materials iron ore and coking coal.

BHP's maintenance work on its Port Hedland facilities, spare rail capacity and 40 ships waiting to be loaded means it will be able to make its production target for June 2018 – July 2019.

Natural disasters and glitches at their ageing facilities have prevented Nippon Steel from producing as much steel as they had planned.

The project is part of an industrial scheme aimed at opening up Saudi's north to development that will boost job creation.

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