China Sets Antidumping Measures on Steel Products From EU, Japan, South Korea, Indonesia

China Sets Antidumping Measures on Steel Products From EU, Japan, South Korea, Indonesia

China’s commerce ministry said on Friday it will impose temporary antidumping measures on stainless steel billet and hot-rolled stainless steel plate from the European Union, Japan, South Korea and Indonesia from March 23. The ministry said...

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Another 10MT of iron ore off the market as Vale halts Alegria mine

Another 10MT of iron ore off the market as Vale halts Alegria mine

Brazil’s Vale (NYSE:VALE) has halted operations at the Alegria iron mine in the Mariana complex of Minas Gerais state, which may remove up to 10 million tonnes of iron ore a year from the market. The preventive measure, said the world’s top iron...

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Zinc price builds on 2019 rally as stocks reach just 2 days consumption

Zinc price builds on 2019 rally as stocks reach just 2 days consumption

Zinc prices climbed to $2,845 a tonne on Wednesday after data showed LME warehouses now hold little over 58,000 tonnes of the metal; less than two days’ worth of global consumption. Inventories are down 55% this year and are on course to arrive...

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Sustainability pressure turns into competitive advantage for miners — report

Sustainability pressure turns into competitive advantage for miners — report

Gone are the days where the economics of sustainability meant mining companies had to choose between what was best for their bottom line and what was best for the environment and the communities their mines affect, a BDO report, Impressions from...

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LME launches seven new contracts to try to boost volumes, profit

LME launches seven new contracts to try to boost volumes, profit

The London Metal Exchange (LME) is launching seven new cash-settled futures contracts on Monday, including hot-rolled coil (HRC) steel, alumina and cobalt, aiming to attract more business after profits fell last year. The world’s oldest and...

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China’s iron ore futures fall as anti-smog measures weigh

China’s iron ore futures fall as anti-smog measures weigh

Prices of China’s steel-making raw materials dropped on Wednesday after the top steelmaking city of Tangshan maintained the highest smog alert amid unfavourable weather conditions, while the government vowed to extend its anti-smog...

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Canadian juniors shifting focus to Africa, away from South America

Canadian juniors shifting focus to Africa, away from South America

The State of Mining Finance 2019 report produced by the Prospectors & Developers Association of Canada (PDAC) and junior financing tracker Oreninc, shows Toronto’s stock exchanges managed to bump its share of global exploration capital...

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Canada’s Northwest Territories gets big resource development boost

Canada’s Northwest Territories gets big resource development boost

Resource development, a principal economic driver of the Northwest Territories’ (NWT) economy, is getting a $5.1 million boost in federal funding. The Government of Canada is investing in two projects that will support resource development...

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China’s Chalco promotes president to top job after chairman resigns

China’s Chalco promotes president to top job after chairman resigns

Aluminum Corp of China Ltd, known as Chalco, said on Thursday its chairman Yu Dehui had resigned and been replaced by the company’s president, Lu Dongliang. The appointment to the top job marks a rapid promotion for the 45-year-old Lu, who...

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China iron ore imports rise on pre-holiday restocking

China iron ore imports rise on pre-holiday restocking

China’s iron ore imports climbed 5.3 percent in January from December, customs data showed, supported by strong restocking demand at steel mills ahead of the week-long Lunar New Year holiday this month. Shipments of the steelmaking raw...

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Copper miner’s $10B bet comes to life in Panama jungle

Copper miner’s $10B bet comes to life in Panama jungle

The world’s largest new copper mine rumbled to a start this week in the Panamanian jungle, poised to supply a global market that’s tipping into deficit and gives First Quantum Minerals Ltd. a chance to prove its $10 billion investment was worth...

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