-
Jingye Group (Jingye), a privately-owned rebar maker headquartered in North China’s Hebei province, is mulling acquiring part of the assets under UK-based Liberty Steel, or the second steel project in the European country after its takeover of British steel in March 2020 in order to enhance its presence in the European market, a UK-based source that is close to Jingye shared.
-
UC Rusal of Russia (Rusal), one of the world’s top aluminum producers and headquartered in Moscow, produced 932,000 tonnes of primary aluminum during the first quarter of 2021, lower by 1.9% on quarter or 0.8% on year, according to the smelter’s latest Q1 report published on April 27.
-
Note:
South32’s financial year
runs from July to June.
Unless otherwise noted:
percentage variance relates to performance during the nine months ended March
2021 compared with the nine months ended March 2020 (YoY) or the March 2021
quarter compared with the December 2020 quarter (QoQ); production and sales
volumes are reported on an attributable basis.
Source: South32, released
on
-
On April 25 2021, Shanghai Ganglian E-Commerce Co., Ltd. (Mysteel) completed the annual assurance review in accordance with the requirements of the International Organization of Securities Commission (IOSCO), or the third year in a row. Starting 2021, a series of coking coal and coke pricing indices have also joined Mysteel’s related steel and iron ore pricing indices, being IOSCO compliant.
-
Production Summary
(1) Wet basis. The comparative has been restated as Kumba previously reported on a dry basis.
(2) Reflects export primary production, secondary production sold into export markets and production sold domestically at export parity pricing from South Africa, and attributable export production (33.3%) from Colombia (Cerrejón).
(3) Reflects nickel production from
-
Leading copper producer BHP has lifted its guidance for output of the metal for its 2021 business year (July 2020-June 2021) to 1.535-1.66 million tonnes (copper contained), slightly up on its original target of 1.51-1.645 million tonnes, according to the latest quarterly report published on April 21. The rise reflects the stronger-than-expected performance at its major mining property, Escondida, in North Chile.
-
BHP'sProduction by Product over January-March
(i) Iron ore comprises WAIO and Samarco
Source: BHP, released on April 21
-
Rio Tinto’s mined copper output for Q1 2021 declined 9% on year and also 9% on quarter to reach 120,500 tonnes (copper contained), according to the company’s latest Q1 quarterly report released on April 20. The lower recoveries and throughput at some works were the cause, though these were partially offset by higher grades obtained at others, it said.
-
Vale, a global leading miner headquartered in Brazil, produced 76,500 tonnes of copper in metal for Q1 2021, down 19% on year or 18.2% lower on quarter, mainly due to the maintenance as planned and unexpected as well as the degrading in some mining regions, according to the company’s latest Q1 report released on April 19.
-
Jiangxi Copper Co, China’s leading copper producer headquartered in East China’s Jiangxi province, saw its copper cathode production rise 5.5% on year to 1.6 million tonnes in 2020, but its net profit declined 5.9% on year, it stated in its annual report released on March 30. The smelter cited the impact to its business from the COVID-19 outbreak during January-March last year, as well as the downward trending treatment charges (TCs).
-
Vale, a global leading miner headquartered in Brazil, produced 360,100 tonnes of copper in metal for 2020, or down 5.5% on year, mainly due to the interruption of the COVID-19 on its operations, though some sites performed better than the others on average, according to the company’s latest Q4 report released on February 3.
-
Note:
South32’s
financial year runs from July to June.
Unless otherwise
noted: percentage variance relates to performance during the half year ended
December 2020 compared with the half year ended December 2019 (YoY) or the
December 2020 quarter compared with the September 2020 quarter (QoQ);
production and sales volumes are reported on an attributable basis.
Source: South32,
released
-
BHP, a leading copper producer in the world, produced 841,000 tonnes of copper in pure metal over July-December, down 5% on year because of the adverse impact of the COVID-19, and the company has refined the production guidance for its FY21 (July 2020-June 2021) to 1.51-1.645 million tonnes from the original 1.48-1.645 million tonnes, according to the latest quarterly report on January 20.
-
BHP’s Production by Product over October-December 2020
(i) Iron ore comprises WAIO and Samarco (previous FY21 guidance did not include production for Samarco).
Source: BHP, released on January 20
-
Rio Tinto’s mined copper output for 2020 declined 9% on year to 527,900 tonnes, which was mainly due to degrading in the deposits and the operation interruption by the COVID-19, the company shared in its latest production report released on January 19.
-
Vale will increase its own copper production to 500,000 tonnes in 2025 and its nickel production to 220,000 tonnes around 2024-2025, with the former mainly to respond to the higher demand from the construction projects, according to its sharing on “Vale Day 2020” on December 2.
-
The Aluminum Corporation of China Ltd (Chalco), China’s leading alumina and aluminum producer, saw its net profit slumped 44.3% over January-September to Yuan 451.8 million ($67 million), mainly due to the declining in both prices and volumes of its core products - alumina and aluminum, according to its Q3 quarterly report released on October 28.
-
BHP, a top copper producer worldwide, produced 413,000 tonnes of copper (metal contained) over July-September, down 4% on year but stable on quarter, according to the company’s quarterly report published on October 20. The Australian miner is maintaining its production guidance for its fiscal year 2021 (July 2020-June 2021) despite the impact of COVID-19.
-
Note:
South32’s financial year
runs from July to June.
Unless otherwise noted:
percentage variance relates to performance during the September 2020 quarter
compared with the June 2020 quarter (QoQ); production and sales volumes are
reported on an attributable basis.
Source: South32, released
on October 19
-
Yunnan Chihong Zinc & Germanium Co (Chihong), China’s largest zinc and lead producer headquartered in Southwest China’s Yunnan province, saw its output of refined metal products, mainly zinc and lead ingots, surge by 14.5% on year to 269,500 tonnes in the first half of this year, Mysteel Global learned on September 4. The smelter says its operations were largely unaffected by the COVID-19 outbreak.
