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China iron ore futures pick up after factory activity unexpectedly expands

By: Reuters     31st March 2020 Chinese iron-ore futures picked up in early trade on Tuesday, rising more than 1% on demand hopes after the world's second-biggest economy reported an unexpected growth in its factory activities in March. China's official Purchasing Managers' Index (PMI) jumped to 52 this month from a record low... 

Covid-19 to further weaken US coal demand in an already diminishing market

By: Marleny Arnoldi     27th March 2020 US domestic demand for thermal coal will fall during the second quarter of the year as individual states shut down much of the industrial economy to try and stem the spread of Covid-19. This is according to Moody’s Investors Service, which states that, in broader terms, the global economy will... 

Zimbabwe cuts rates, miners send coronavirus distress signals

By: Reuters     27th March 2020 Zimbabwe's central bank cut its main lending rate to 25% on Thursday and set a fixed exchange rate as part of measures to support the economy against the coronavirus pandemic. The Chamber of Mines, which represents major mining companies in the country, said mineral production could fall 60% in... 

Transnet bemoans cable theft at Pretoria Complex, rolls out diesel locos 

By: Marleny Arnoldi     12th March 2020 Another incident of overhead cable theft at State-owned Transnet’s Pretoria Complex has further crippled the group’s Transnet Freight Rail (TFR) subsidiary’s ability to deliver goods to customers on time. It said in a release on Wednesday that the Pretoria Complex, which is one of the country’s... 

BHP is world’s most valuable mining brand, but loses strongest title to Rio Tinto

By: Creamer Media Reporter      12th March 2020 Global mining group BHP has retained the title of the world’s most valuable mining, iron and steel brand, despite recording a 3% drop in brand value to $5.8-billion. This is according to the latest report by brand valuation consultancy Brand Finance, which highlights that BHP’s brand value was... 

Meet zinc, the cheap metal gunning for lithium’s battery crown

By: Bloomberg     6th March 2020 A metal best known for galvanising steel is making the jump into a developing $30-billion energy-storage market for electrical grids that’s increasingly seen as key to unleashing solar and wind power upon the world. Less than four months after Governor Andrew Cuomo vowed to produce 100% of New... 

Warman® DWU – the pump in a class of its own

By: Creamer Media Reporter      24th February 2020 The market offers specialised slurry pumps to handle thick and abrasive slurries, as well as submersible and sump pumps for pumping clean water, but neither of these options provide an effective solution for pumping dirty mine water.  Weir Minerals took its extensive knowledge of pumping slurries... 

Teck warns of C$1.13bn hit if Trudeau rejects Frontier project

By: Reuters     21st February 2020 Canadian miner Teck Resources said on Friday it would write down the value of its proposed Frontier oil sands mine by C$1.13-billion should Prime Minister Justin Trudeau's government reject the project. The fate of the C$20.6-billion mine is expected to be decided by next week in what has become... 

Solar power for mines under consideration – Assore 

By: Martin Creamer     21st February 2020 A scoping study is under way into the self-generation of electricity for Assmang’s mines – but not its smelters, Assore CEO Charles Walters said on Friday, when the company reported interim results that were negatively affected by weaker chrome and manganese prices, and lower shipments of... 

India’s NMDC firms up capex to lift production by 50%

By: Ajoy K Das     18th February 2020 Indian State-run miner NMDC, the country’s largest iron-ore producer, has firmed up capital investments of $324-million to increase production by 50% to 48-million tons a year by the end of 2020/21. The State miner is committing higher capital expenditure (capex) and is significantly ramping up... 

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