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South32 Limited, the world’s top manganese ore miner, saw its share of manganese output up 8% on quarter or 11% on year to 1.4 million wet metric tonnes (wmt) over July-September, amid the growing demand and strong prices during the period, according to the company’s latest quarterly report released on October 18.
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Net profits generated by Jiangsu Shagang Co, the Shenzhen-listed arm of China’s largest privately-owned steelmaker, Jiangsu Shagang Group, during January to September this year reached nearly Yuan 1 billion ($145 million), up by 169% over the same period in 2017, according to the company’s third quarter financial report released on October 18.
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BHP has cut its guideline for the copper production for the fiscal year 2019 ending June 30 2019 by 55,000-65,000 tonnes, on noting its copper production including concentrates and cathode down by 12% on quarter to 409,000 tonnes over July-September amid a series of disruptions, according to its latest quarterly reported released on October 17.
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The Australian miner BHP’s iron ore output grew 8% on year but down 4% on quarter to 69.3 million wet tonnes of iron ore (on a 100% basis) over the July-September quarter from its core mining operations in Pilbara, Western Australia, according to its latest quarterly report released on October 17.
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Vale, the world’s top iron ore mining company, posted new highs in both its iron ore output and sale over the July-September quarter to 104.9 million tonnes and 98.2 million tonnes respectively, thanks to the continuing ramp-up in its S11D mine and the Tubarão I and II pellet plants, all in Brazil, according to its latest quarterly report released on October 15.
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Shagang Group (Shagang), China’s largest electric-arc-furnace (EAF) steelmaker, announced on October 15 to raise its steel scrap procurement prices by Yuan 60-80/tonne ($8.6-11.6/t), the first price adjustment in one and a half months, as it has been running at low stocks.
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Rio Tinto’s iron ore shipment from Pilbara, Western Australian, fell 7% on quarter or 5% on year to 81.9 million tonnes over July-September quarter because of lower output after the accident in mid-August, according to the company’s latest quarterly production report released on October 16.
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Rio Tinto, the world’s second largest iron ore producer, is moving to reinforce its iron ore production capacity in Western Australia’s Pilbara region, especially the production of its flagship Pilbara Blend iron ore.
In a company announcement on October 5, Rio said that it plans open a new Pilbara mine –
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Hancock Prospecting Pty Ltd is now owning 88.25% stake in Atlas Iron, a junior iron ore miner also in Western Australia, after Fortescue Metals Group, the world’s fourth largest iron ore miner, decided to sell all its remaining 11% stake on September 28, according to Atlas Iron’s update on the
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The executive board of Western Mining Co, a huge mining company headquartered in Xining City in Northwest China’s Qinghai province, has approved a proposal to acquire Xining Special Steel Group’s controlling stakes on three mining companies, a Western Mining official confirmed on September 27.
After the acquisition, Western Mining would hold
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Redstone Corp, the wholly owned subsidiary of Australia's Hancock Prospecting, is lifting its takeover offer bid for Australian iron ore miner Atlas Iron again, according to a statement released by Atlas Iron on September 26.
This time, Redstone stated that it would increase its offer price for Atlas Iron to Aust
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Inventories of Pilbara Blend fines at some ports in North and East China are decreasing now, partially due to tighter supplies and strong demand, a trend that is firmly supporting the current rise in prices, market sources observed on Thursday. PB fines are Australian miner Rio Tinto’s mainstay ore product
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Vale, the world’s top iron ore miner, estimates the total investment in building up three generations of 115 Valemax vessels in all for the Brazil-China route at $5.5 billion, which will be achieving lower emissions, higher efficiency, and lower costs, according to the presentation by Peter Poppinga, executive director, Ferrous
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The local government of Xingtai City in North China’s Hebei province is beefing up efforts to reduce excesssteel capacity and accelerate the relocation of industrial enterprises from urban centres in response to provincial and central government pressure to improve air quality, market sources said.
In a post on its website earlier
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Ansteel
Mining, China’s top iron ore mining company, calls for the country to nurture more
iron ore mining giants for “industrial security and sustainable iron ore
supplies to the domestic steel industry”, Wang Zhizhong, vice president of
Ansteel Mining Co said at the 18th China International Steel & Raw
Materials Conference 2018 on September 20.
“The
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The world’s leading iron ore miners such as Vale, Rio Tinto, BHP, and Fortescue Metals Group (FMG) have tuned their development strategies to better serve China’s growing need for iron ore with higher grades and lower impurities amid its steel industrial evolution, officials from these mining companies shared at the
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BHP will revise its iron ore product structure to cater to the changes in demand from the Chinese steel mills, including producing more higher-grade iron ore fines and lumps via its South Flank mine, Rod Dukino, general manager iron ore sales of BHP, said at the 18th China International Steel
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Fortescue Metals Group (FMG), the
world’s fourth largest iron ore miner, will be dispatching the first shipment
of its West Pilbara Fines (WPF) in December this year as a new higher-grade
60.1% Fe content product, Elizabeth Gaines, ceo of FMG, disclosed at the 18th
China International Steel & Raw Materials Conference on September 20.
“The
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The uptick in
China’s markets for vanadium raw materials and alloys has given a strong lift
to Shenzhen-listed Pangang Group Vanadium Titanium & Resources Co (Pangang
V&T), the country’s leading vanadium and titanium supplier headquartered in
Panzhihua city, Southwest China’s Sichuan province, and new regulations to
improve the quality of rebars are seen boosting its
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China’s four state-owned enterprises including three major steel mills including China Baowu Steel Group Co have set up an asset management joint venture expected to provide professional assistance in the country’s steel industrial consolidation and concentration via the means of acquiring, investing, or managing those heavily-indebted steel mills on the
