Gol Gohar’s iron ore extraction reached 152 percent this year

Mining News Pro - In the first half of this year, GolGohar Mining and Industrial Company extracted 152 percent of iron ore.

Esfahan Steel Company guarantees the future of Iran’s coal production

Mining News Pro - Chief executive of ESCO says that this company guarantees the future of Iran’s coal production.

Iron ore benchmarks diverge as China tries to cool prices

Mining News Pro - The two main spot prices for iron ore diverged last week, with Singapore-traded contracts gaining but China’s domestic futures posting a decline.

Vitol funds to help restart Australia coal mine shut since 2007

Mining News Pro - Australian Pacific Coal Ltd. and its joint venture partner have agreed terms for $60 million funding from Vitol Asia Pte Ltd., allowing them to restart a coal mine in New South Wales that’s been shut for more than 16 years.

Nornickel to pay $18m to drop its stake in nickel JV in South Africa

Mining News Pro - Russia’s Nornickel will pay $18 million to pass its 50% stake in Nkomati nickel mine in South Africa to its partner African Rainbow Minerals (ARM), ARM said on Friday, ending years of Nornickel’s attempts to exit Africa.

Union withdraws industrial action at BHP’s Pilbara iron ore operations

Mining News Pro - A union representing train drivers at BHP’s Pilbara iron ore operations in Western Australia has withdrawn industrial action ahead of an updated employment offer from the mining giant, a union representative told Reuters on Friday.

Canada’s Lassonde ‘mystified’ by Teck choice of Glencore bid for coal unit

Mining News Pro - Canadian businessman Pierre Lassonde said on Wednesday that he is “mystified” by Teck Resources’ decision to sell its coal unit to a Glencore-led consortium for $9 billion because his group bid the same price.

Canada likely to approve Glencore-Teck deal despite foreign investment scrutiny

Mining News Pro - As Glencore prepares for the long grind to convince Canada of the virtues of the Swiss trader-led consortium’s $9 billion bid for Teck Resources’ coal unit, investors and lawyers are optimistic about the deal approval despite the government’s increased scrutiny of foreign investments.

Three initiatives lead the way in decarbonizing steel production

Mining News Pro - Electrical equipment multinational ABB released a report spotlighting three initiatives that are using carbon capture technology, hydrogen and electrochemistry as routes to decarbonizing primary steel production.

Hunter Valley Operations amends mining proposal

Mining News Pro - Hunter Valley Operations (HVO) has amended its proposal to continue mining until 2050 by using the feedback on its environmental impact statement (EIS).

Lake Lindsay mine expansion approved

Mining News Pro - Anglo American’s Lake Lindsay open cut coal mine has been granted a mining lease by the Queensland Government.

US Indigenous coal miners with black lung disease unlikely to qualify for federal support

Mining News Pro - Indigenous coal miners may develop disabling black lung disease but are less likely to qualify for medical benefits using currently required lung function standards rather than standards specific to Indigenous populations, according to new research.

US, UK make progress on critical minerals agreement

Mining News Pro - US Trade Representative Katherine Tai said “significant progress” was made on a US-UK critical minerals agreement in talks on Saturday in Japan.

The world’s iron ore powerhouse is preparing to reinvent itself

Mining News Pro - Vast heaps of crushed brown rock hem the Indian Ocean at Western Australia’s Parker Point port — each a stockpile of 200,000 tons of iron ore, ready to be poured into a procession of bulk carriers bound for Asia’s steel mills.

Teck Resources says restructuring remains ‘priority’ as Q3 underwhelms

Mining News Pro - Teck Resources was progressing “expeditiously” on a split of its coal and copper businesses, the Canadian miner said on Tuesday, after missing quarterly profit estimates on weak sales of steelmaking coal.

Rio Tinto, Aboriginal group sign first solar deal for WA iron ore region

Mining News Pro - Rio Tinto has signed an initial agreement with the Yindjibarndi people and Philippines’ ACEN to look at options to develop green energy supplies for its operations in the world’s biggest iron ore region.

Brazil’s J&F to invest more than $1 billion in mining assets bought from Vale

Mining News Pro - Brazilian holding firm J&F Investimentos will invest more than $1 billion in the mining assets it bought from Vale last year, it said.

Canadian mining capex reached decade high in 2022

Mining News Pro - Capital expenditure (capex) in Canada’s mining industry increased by 14% to C$13.5 billion last year, its highest in a decade, the latest figures published by Natural Resources Canada showed. The sector’s capex intentions in 2023 are also showing notable growth, rising 21% to C$16.4 billion.

Brazil’s Batista brothers to invest $1 billion to boost iron ore mines

Mining News Pro - The billionaire Batista brothers behind Brazilian beef giant JBS SA are preparing to invest more than $1 billion to expand production at mines they acquired last year from Vale SA.

Whitehaven to buy BHP’s Queensland coal mines in $4.1bn deal

Mining News Pro - BHP Group said on Wednesday Whitehaven Coal will acquire the mining giant’s Blackwater and Daunia mines, which are part of the BHP Mitsubishi Alliance (BMA) metallurgical coal joint venture in Queensland, for $4.1 billion.

Vale creates company to sell sand from iron ore tailings

Mining News Pro - Brazilian miner Vale said on Tuesday it has created a company that will sell and distribute sand obtained from its iron ore tailings, part of its efforts to reduce the disposal of such materials in dams or piles following major disasters.

Rio Tinto’s Q3 iron ore shipments rise marginally on Gudai-Darri strength

Mining News Pro - Rio Tinto reported a 1.2% rise in its third-quarter iron ore shipments on Tuesday, as the Anglo-Australian miner ramped up production at its Gudai-Darri mine.

Vale creates company to sell sand from iron ore tailings

Mining News Pro - Brazilian miner Vale said on Tuesday it has created a company that will sell and distribute sand obtained from its iron ore tailings, part of its efforts to reduce the disposal of such materials in dams or piles following major disasters.

Rio Tinto cuts Canadian iron ore guidance

Mining News Pro - Rio Tinto has once again cut production targets for its iron ore operations in Canada, citing extended plant downtime and conveyor belt failures.

Glencore to shut Mount Isa copper mines by 2025, cut 1,000 jobs

Mining News Pro - Miner and trader Glencore is set to close its three underground copper mines in Mount Isa by the end of 2025, in a move that will result in the loss of about 1,000 jobs, newspaper Australian Financial Review reported on Tuesday.

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