Awarding the Resistance Economy Badge to Golgohar Iron and Steel Development Company

Mining News Pro - In the first provincial festival "Resistance Economy Badge" which was held with the main goal of setting a pattern and creating a competitive environment for production, Gol Gohar Iron and Steel Development Company received the first grade provincial badge of resistance economy. In the closing ceremony of this festival, which was held this morning in the presence of the Deputy Minister of Industry Trade and Mine, the Deputy Governor, the Commander of the Kerman Province Corps, the General Director of the Ministry of Industry Trade and Mine Province, Labor and Social Welfare and some other provincial officials in Kerman, GolGohar Company received the badge.

NICICO supports innovative projects aimed at reducing costs and increasing productivity

Mining News Pro - CEO of Iran National Copper Industry Company said: NICICO supports any innovative and technological plan that leads to new products and process improvement and increase productivity and cost reduction in the copper industry.

Improving the record of transporting all kinds of products to customers in MSC

Mining News Pro - The sales and transportation manager of Mobarakeh Steel Company announced the increase in the delivery of products to customers as a success and another step in the direction of maximum and timely response to the needs of customers and creation of common value for the society by Mobarakeh Steel.

Guinea, Emirates Global agree on alumina plant deal

Guinea Alumina Corporation, a unit of Emirates Global Aluminum, signed a preliminary agreement with the Guinean government for the construction of an alumina refinery.

Codelco reaches agreement with Andina mine workers

Chilean state-run miner Codelco said on Friday that it had reached a collective contract agreement with the union representing workers at its Andina mine ahead of schedule, averting the threat of a strike at the site.

China May rare earth exports jump 36% y/y on restocking

China’s exports of rare earths in May climbed 35.9% from a year earlier, customs data showed on Friday, buoyed by a wave of restocking from overseas buyers.

Iron ore extends gain on easing China demand concern, Fed rate cut bets

Iron ore futures rose for a second straight session on Friday, underpinned by easing concerns over demand prospects in top consumer China and firming bets for a US Federal Reserve interest rate cut in September.

Indonesia issues annual nickel ore quota of 240mt for 3 years

Indonesia has issued an annual nickel ore output quota of around 240 million metric tons for the next three years, its Energy and Mineral Resources Minister Arifin Tasrif said on Friday.

Hedge funds Andurand and Rokos took big copper bets before spike

Rokos Capital Management and Andurand Capital Management have been prominent among hedge funds piling into the copper market, with bold bets on dramatically higher prices that have already delivered early wins.

New copper fund revives controversial product

Sprott Inc. has launched a $100 million fund that will buy and hold physical copper, marking a comeback for a class of investment product that has in the past been highly controversial among investors and regulators.

Glencore said to weigh selling stake in Kazakh miner Kazzinc

Glencore Plc is considering selling its stake in Kazakh mining company Kazzinc amid interest from potential buyers in China, people familiar with the situation said.

Iron ore price hits seven-week low on softening China steel demand, higher supply bets

Iron ore futures extended their decline to a fifth straight session on Wednesday, hitting a seven-week trough, pressured by faltering steel demand and expectations of higher shipments to top consumer China in June.

MinRes to sell minority stake in Onslow haul road for $864 million

Mineral Resources said on Wednesday it had entered a binding agreement to sell a 49% interest in its Onslow iron project’s dedicated haul road for A$1.3 billion ($864.24 million) to a Morgan Stanley infrastructure fund.

Mali gold mining revenue fell by 26% in 2023

State revenue from gold mining companies in Mali fell 26% last year, hit by lower taxes, a document from the west African country’s mines ministry showed on Wednesday.

Gold purchases by central banks were strong in April despite high prices

Net purchases of gold by global central banks rose to 33 metric tons in April from a revised net buying of 3 tons in March, the World Gold Council (WGC) said, signalling continuing strong appetite from the sector despite high prices for the metal.

Trafigura settles billionaire Reuben brothers’ nickel fraud suit

Commodity trader Trafigura Group has settled a London lawsuit brought by the billionaire Reuben brothers after selling them a cargo of “nickel” that was part of a high-profile fraud.

MMG plans to raise $1.16bn to repay debt, fund mine development

China’s MMG said on Tuesday it plans to raise about HK$9.08 billion ($1.16 billion) through a rights issue to repay existing debt, allowing the Hong Kong-listed company to better support the ongoing development of its operating mines.

South Korean, African leaders pledge deeper ties, critical mineral development

South Korean President Yoon Suk Yeol and the leaders of African countries agreed on Tuesday to forge deeper trade and business cooperation and launched a “critical minerals dialogue” aimed at sustainable development of the continent’s resources.

CNGR looks to snap up more lithium projects in Argentina

CNGR Advanced Material Co., a Chinese battery-component maker and Tesla Inc. supplier, is looking to buy major stakes in Argentina brine deposits to extend its foray into the lithium-rich region as it builds its own supply chain outside the Asian nation.

Iron ore price tumbles to lowest in six weeks on China demand concerns

Iron ore dropped to the lowest level in more than six weeks on worries over the outlook for Chinese demand, which has been hammered by the protracted property crisis.

Russia said to seek French-held uranium assets in Niger

Russia is seeking to take over uranium assets in Niger held by a state-controlled French company, according to people informed about the matter, in a further challenge to Western interests in Africa.

Australia orders Chinese investors to sell down stake in rare earths miner

Australian Treasurer Jim Chalmers has ordered several China-linked investors to dispose of shares in rare earths miner Northern Minerals on national interest grounds, a spokesperson said on Monday.

Tianqi weighs bid to protect interests in Chile’s SQM-Codelco lithium deal

China’s Tianqi Lithium, a major shareholder in Chile’s SQM, said it may consider action to protect its interests in a key deal signed by SQM and Chilean state miner Codelco.

Thyssenkrupp can’t afford delays over future of steel unit, chairman says

Thyssenkrupp’s chairman on Saturday defended a move to sell a stake in the group’s steel unit to Czech billionaire Daniel Kretinsky against the will of worker representatives, adding the company could not afford to delay critical decisions.

Glencore’s climate action plan wins more support from shareholders

A majority of Glencore investors have indicated they were satisfied with the commodities giant’s plans to reduce carbon emissions, just as it gets closer to completing its acquisition of Teck Resources’ steelmaking coal business.

Esfahan Mobarakeh Steel co.
HOSCO
khuzestan steel
chadormalu Co.
ghadir neiriz co
IranAluminaJaajarm
sangan steel
ahan o fulad golgohar