Mining Industry

Mining News Pro - According to a one month analyze, Khouzestan Steel Company’s revenue has grew by 174 percent and reached 82.8 million USD in March compared with the same period last year.

Mining News Pro - The export volume in the first two months has reached 676 thousand tons.

Mining News Pro - “Zambia has a breath-taking endowment of minerals, from minor metals, gemstones and uranium to industrial minerals.” That is the glowing assessment of Zambia’s mining panorama from the President of the country’s Chamber of Mines, Goodwell Mateyo.

Mining News Pro - The country has imported 68 thousand tons of steel ingot worth 38 million USD.

Mining News Pro - Battery metals tracker Adamas Intelligence says that in February 2019, 76% more lithium carbonate equivalent (LCE) was deployed worldwide in batteries of new electric, plug-in hybrid and hybrid electric passenger vehicles compared to the same month last year.

Mining News Pro - Chile`s Cochilco state copper commission on Thursday held its estimate for the price of copper at $3.05 per pound, rising to $3.08 for 2020 on improving prospects for growth in China.

Mining News Pro - La Caisse de Depot et Placement du Quebec has acquired an additional 1 million shares in Osisko Metals (TSXV: OM), which is developing two zinc mining camps in Canada.

Mining News Pro - Barrick Gold Corporation (NYSE: GOLD, TSX: ABX) announced today that it achieved preliminary Q1 production of 1.37 million ounces of gold and 106 million pounds of copper, both in line with its operating plans and guidance.

Mining News Pro - SteelMint in conversation with market participants shared that a major Indian steel mill have concluded a deal with Vietnam for April end-May shipments.

Mining News Pro - Yamana Gold has agreed to sell its Chapada copper-gold mine to Lundin Mining in a deal said to be worth over $1.0 billion (all figures are U.S. dollars). The mine is located in Brazil’s Goias state and owned 100% by Yamana.

Mining News Pro - Taseko Mines of Vancouver has produced the first copper from production test facility at its Florence mine midway between Phoenix and Tucson.

Mining News Pro - Shares of Taseko Mines Ltd. (TSX:TKO) jumped over 8% and hit a five-week high on Monday afternoon, bringing the company`s market capitalization to nearly C$220 million.

Mining News Pro - Aeris Resources was unable to come to agreeable terms with Glencore regarding its proposed takeover offer for the CSA copper mine in Cobar in New South Wales.

Mining News Pro - Major global scrap markets observed price correction on weak demand globally. Turkish steel mills booked cargoes at lowered prices amid subdued steel demand. Japan`s monthly Kanto tender for Apr`19 fetched bids lower by USD 15 against last month.

Mining News Pro - Rio Tinto has committed a further $302 million in advancing its Resolution copper project in Arizona, United States, taking the project’s total investment to over $2 billion.

Mining News Pro - For a few hours on Sunday, some 40 people from the farming community of Tacrara, located in the Cusco department in southern Peru, blockaded a road used by Canadian miner Hudbay Minerals (TSX, NYSE: HBM) to transport copper from its Constancia project to the Port of Matarani.

Mining News Pro - Following a blockade that lasted for over two months, Peru’s national highway CU-135, known as Corredor Minero del Sur, was reopened this weekend and trucks carrying copper concentrate from Las Bambas mine started running through it again.

Mining News Pro - The boards of Orocobre and Toyota Tsusho Corp. have given the green light to building the Naraha lithium hydroxide plant, which will be the first of its kind in Japan.

Mining News Pro - Last year, companies have produced total amount of 24 million tons of DRI in Iran. Mobarakeh Steel’s share was more than 10.5 million tons.

Mining News Pro - Polish lawmakers approved a 15% cut to the country’s copper tax on Friday, which would give state-run KGHM (WSE:KGH) a bit more room to breathe, as the miner has been struggling with rising costs, falling copper prices, technical problems and higher-than-expected capital spending in the past few years.

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