U.S. miners hurt by slow permitting process
(Minews) - Slow and cumbersome approval processes for U.S. mining projects are hindering the country's ability to compete and meet rising global demand for minerals from copper to gold, an industry study released on Thursday shows.The report commissioned by the National Mining Association found the ...
Global vision for ‘green steel’
(Minews) - The vision for a cleaner, greener and more productive steel industry, moved a step closer with the recent signing of an agreement with a company in China to scale-up CSIRO’s dry slag granulation (DSG) technology.Ten years in the making, DSG is smart Australian technology that harvests ...
Chinese group warns that possible steel output cuts may depress iron ore prices
(Minews) - Iron ore prices will be under pressure if Chinese steel mills opt for steel output cuts when experiencing greater losses in the coming months, the China Iron & Steel Association warned in its May monthly iron ore market analysis report released Wednesday. "Iron ore prices may still ...
(Minews) - The National Iranian Steel Company has been officially tasked with preparing investment plans for the steel sector.Mehdi Karbasian, the deputy minister of industries, mines and trade, and head of the Iranian Mines and Mining Industries Development and Renovation Organization, says the executive ...
Afghanistan encourages China to invest in mining sector
(Minews) - Afghan President Ashraf Ghani told a group of Chinese officials and businessmen that Afghanistan plans to make foreign investment easier, especially for its potentially promising mining sector.Ghani told the delegation at the presidential palace in the Afghan capital of Kabul that Kabul hopes ...
Scrap iron mirrors slump in steel prices
(Minews) - Low demand in domestic steel market and the slump in steel prices over the past one year have dramatically reduced the prices of scrap iron as a vital material for steel production.While every kilogram of scrap iron was sold in domestic markets at 12,000 rials (41 cents based on the current ...
Mining Investment Insurance Fund empowered
(Minews) - The National Iranian Copper Industries Company has signed a cooperation agreement with the Mining Investment Insurance Fund to protect private producers of copper concentrate, IRNA reported.The agreement was signed in a Monday ceremony attended by Deputy Minister of Industries, Mining and ...
Three Chinese firms sue Liebherr in truck design dispute
(Minews) - Three Chinese companies are suing Liebherr Mining & Construction Equipment — asking a federal judge to rule that they did not conspire to rip off designs for a Liebherr mining truck and build a copycat version in China.The new filing in U.S. District Court in Newport News brings ...
Iran's steel output hits 6.8mln tons in 5 months
(Minews) - Iran has produced over 6.8 million tons of steel in the first five months of 2015, despite cruel economic sanctions against the country and its steel industry.According to the latest report released by the World Steel Association, Iran's total steel production during the first five months ...
Turkish iron ore imports rise in April
(Minews) - The latest data released by the Turkish Statistical Institute (TUIK) suggests that the country’s iron ore imports surged higher during the month of April this year.The imports during the month totaled 1.02 million tons, surging 31.8% when compared with the imports during the same month ...
Aluminium glut to continue as smelters get lifeline of lower costs
(Minews) - The aluminium market is unlikely to see enough producer cutbacks to reduce oversupply in coming months as currency benefits and cheaper inputs have allowed most smelters to stay out of the red.That means the price of the lightweight metal used in transport and packaging may be drawn still ...
Demand for steel sections at record low
(Minews) - While the prices of steel rebar have remained more or less unchanged over the past few weeks, steel beam prices have experienced a steady growth.Market analysts believe fluctuations in steel beam prices are the result of manipulative activities by iron traders who buy in large volumes from ...
New cement project launched in Damghan
(Minews) - The construction of a cement plant has begun in the northern city of Damghan in Semnan Province, jointly financed by a Chinese company and Iran’s Bank of Industry and Mine. Tooyeh Darvar cement plant has the capacity to produce up to 3,300 tons of type II Portland cement per day, Mehr ...
(Minews) - Metallurgical coal, the kind of coal needed to produce steel, has fallen to levels not seen since 2004, according to new information released last week and reported in The Wall Street Journal.Reports by Doyle Trading Consultants and trade publication Inside Coal have Japanese buyers signing ...
BHP-Rio face US political opposition to copper mine
(Minews) - Fifteen US Congress members are trying to block a joint Rio Tinto and BHP Billiton $US6 billion ($7.7 billion) copper mine expansion in Arizona, because indigenous Apaches claim the construction would affect sacred land.Legislation tabled in the US House of Representatives last week ...
Wage talks begin in ailing South African gold sector
(Minews) - Wage talks between South African bullion producers and unions started on Monday, with both sides far apart, setting the stage for protracted wrangling in the ailing industry.The talks, which involve AngloGold Ashanti, Sibanye Gold Harmony Gold and two smaller producers, come at a time when ...
Lack of electricity hinders DR Congo mining sector
(Minews) - The minerals in the south-eastern Katanga region represent potential riches for the Democratic Republic of Congo, but a lack of electricity is preventing the country from fully exploiting them.In Katanga's regional capital Lubumbashi, power cuts regularly shut down the furnace at the STL ...
Mineral investors likely to move from Afghanistan to Iran
(Minews) - The growing security concerns in Afghanistan have pushed some Chinese and Indian companies to withdraw their mining investments from the country. This is increasing the chances that the investors might move to Iran’s mines, Eghtesad-News reported.After the IS seized phosphate mines ...
Iran's cement exports to Iraq decline
(Minews) - Cement exports to Iraq have recently seen a 20% drop as the Arab country’s demand has decreased over the sluggish pace of construction projects, said secretary general of Iran-Iraq Joint Chamber of Commerce, Jahanbakhsh Sanjabi."In addition, cement production in Iraq has increased ...
Cement makers find right mix for pricing power
(Minews) - Cement prices are climbing as U.S. construction picks up and a mix of factors -- industry structure, strict environmental rules on factories and limited imports -- keep a lid on cement capacity.Demand for cement comes primarily from construction of homes, office buildings, highways and infrastructure....
