Global coal power grew 2% last year, the most since 2016, survey says
The world’s coal-fired power capacity grew 2% last year, its highest annual increase since 2016, driven by new builds in China and decommissioning delays elsewhere, according to research published on Thursday.
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Visit: 59
AI can potentially estimate global environmental destruction due to road development for mining
Recent tests of an AI system showed that it can detect how poorly regulated road development for mining, logging and land clearing is triggering dramatic increases in environmental disruption.
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Visit: 71
Jervois Global blames Chinese overproduction for job cuts
Australian miner Jervois Global Ltd. is cutting costs and jobs in response to a plunge in cobalt prices that it’s blaming on Chinese oversupply.
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Visit: 71
Global Reporting Initiative launches sustainability standard for mining at Indaba
On Thursday at the Mining Indaba conference in South Africa, the Global Reporting Initiative (GRI), an international independent organization for impact reporting across sectors, held an event that launched its sustainability reporting standard for mining companies.
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Visit: 87
Global markets brace for more volatility amid Israel conflict
Mining News Pro - Traders are preparing for another week of wild price swings as continuing conflict in the Middle East fuels demand for haven assets and prompts investors to reconsider their views on global interest rates.
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Visit: 121
Citi’s mega metals trade shows global markets turning to glut
Mining News Pro - Citigroup Inc. has been buying large volumes of physical aluminum and zinc on the London Metal Exchange, in a bold metal-financing trade that’s made it one of the biggest players in the market in recent months.
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Visit: 153
India forges global biofuel alliance in push toward net-zero aim
Mining News Pro - India launched a global alliance for promoting biofuels adoption at the Group of 20 leaders meeting in New Delhi, aimed at reducing emissions in the transportation and industrial sectors.
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Visit: 133
The little known metals giant that rules a global market
Mining News Pro - When China’s Vital Materials Co. bought up a $600 million stockpile of obscure critical minerals in early 2020, it barely raised an eyebrow outside the niche world of minor metals.
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Visit: 157
Tycoon Jindal’s JSW Steel scouts for global coal mining assets
Mining News Pro - JSW Steel Ltd. is on the lookout for coal assets globally as the tycoon Sajjan Jindal-led mill seeks to tie up raw material supplies for its expansions in India.
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Visit: 187
Lithium producers warn global supplies may not meet electric vehicle demand
Mining News Pro - Lithium producers are growing anxious that delays in mine permitting, staffing shortages and inflation may hinder their ability to supply enough of the battery metal to meet the world’s aggressive electrification timelines.
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Visit: 159
Coronado Global Resources drives sustainability
Mining News Pro - Leading international metallurgical coal producer Coronado Global Resources has released its 2022 sustainability report.
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Visit: 159
A decline in global alumina production in March
Mining News Pro - The world production of alumina was reported to be 11.417 million tons with a decrease of one percent in March, which is equivalent to the daily production of 368.3 thousand tons.
Global production of alumina has dropped by one percent in March, while the daily production of alumina in March has not changed much compared to the previous month, February. The daily production of alumina in February this year was reported as 369.2 thousand tons.
The two main producers of alumina in the world, including China and Oceania, produced 6.590 million tons and 1.523 million tons of alumina in March of this year, respectively. In March of this year, China increased its annual production, while the production in Oceania decreased from 1.724 million tons to 1.523 million tons, and therefore it can be said that Oceania faced an annual decrease in alumina production.
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Visit: 143
Panama breakthrough adds to good news for global copper supplies
Mining News Pro - A breakthrough in contract talks at a mine in Panama is the latest piece of good news for global copper supplies following resumption of operations at a giant Indonesian mine and easing tensions in Peru.
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Visit: 153
World Gold Council sees positive 2023 outlook for gold amidst global uncertainty
Mining News Pro - Despite an “unusually high level of uncertainty” surrounding consensus expectations for 2023, on balance, a “mixed set of influences implies a stable but positive performance for gold,” the World Gold Council states in its Gold Outlook 2023: The global economy at a crossroads.
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Visit: 242
Will global steel market to normalize in 2023?
Mining News Pro - Global markets will recover, except for China, to the same level as in 2021
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Visit: 308
Copper price outlook for next year
Copper prices — traditionally a barometer for the global economy — are expected to soar next year
Mining News Pro - The metal has endured a tough 2022 due to tighter U.S. monetary policy, the energy crisis arising from Russia’s war in Ukraine and China’s combination of strict Covid-19 lockdowns and a weak property market.
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Visit: 371
The future for the global mining equipment market looks healthy
Mining News Pro - Digitalisation of global mining operations and machinery is ensuring the industry is moving towards greater sustainability, efficiency, and growth.
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Visit: 309
Goldman sees support for global commodity prices from mid-2023
Mining News Pro - Prices of commodities from oil to metals have been pummeled by a strong US dollar this year as the Federal Reserves hiked interest rates aggressively to curb inflation.
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Visit: 346
Global steel industry body expects 2.3% contraction in demand this year
Mining News Pro - Global industry organisation the World Steel Association (worldsteel) forecasts that steel demand will contract by 2.3% this year to reach 1.80-billion tonnes.
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Visit: 416
Iron ore price outlook clouded by global demand woes, supply risks
Mining News Pro - Iron ore prices are on track to end 2022 at their lowest in the last three or four years and will probably languish next year as well, with China and Europe cutting steel output, while pressure mounts from additional supply.
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Visit: 534
Iron ore price outlook clouded by global demand woes, supply risks
Mining News Pro - Iron ore prices are on track to end 2022 at their lowest in the last three or four years and will probably languish next year as well, with China and Europe cutting steel output, while pressure mounts from additional supply.
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Visit: 426
US coal prices climb past $200 as global energy crunch boosts demand
Mining News Pro - US coal prices surged past $200 for the first time as a global energy crunch drives up demand for the dirtiest fossil fuel.
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Visit: 546
South Korea’s SK On inks deal with Global Lithium Resources for lithium supply
Mining News Pro - South Korean battery maker SK On said on Thursday it signed a memorandum of understanding with Australia’s Global Lithium Resources Ltd for stable supply of lithium.
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Visit: 539
Global iron ore output to fall by 2% in 2022
Mining News Pro - Overall, the global iron ore production is expected to grow at a forecast period (2023-2026) CAGR of 2.6% to reach 2,716.9Mt in 2026. Overall, this growth will be primarily driven by Australia and Brazil.
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Visit: 826
Vale sees 44% increase in global nickel demand by 2030
Mining News Pro - Brazilian mining company Vale said on Wednesday that global demand for nickel should increase 44% by 2030 compared to that expected for this year, due to high demand for use in batteries that power electric vehicles.
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Visit: 626