Ilam exported 1100 tons of cement

(Minews) - Deputy Head of Ilam Cement Plant for human sources affairs, Hassan Sabbaghian Bigdeli, said on Saturday that more than 1,100 tons of cement were exported last year.Bigdeli told IRNA that the exported cement is the best of its kind for its high quality and there is high demand for the product ...

Mongolia must accept blame over Rio Tinto mine dispute

(Minews) - Mongolia must take much of the blame for a dispute with Rio Tinto that has delayed the expansion of a $6.5 billion copper mine and disrupted economic growth, the country's prime minister said.The construction of the second underground phase of the Oyu Tolgoi project has been on hold since ...

Odisha to renew 18 iron ore mine licences

(Minews) - India's top iron ore producing state Odisha is likely to renew the licences of 18 iron ore mines shut since last year, a state official said on Saturday, in a boost for local steel producers.A panel of senior government officials in Odisha has recommended the reopening of the mines, which ...

Iran's mining accidents down 40%

(Minews) - The number of mining accidents in Iran reduced by 40 percent in the past Iranian calendar year (ended March 20) compared with the previous year, head of mines supervision bureau in the Ministry of Industry, Mine and Trade, Vahid Abedini told ISNA, anticipating as much as 70 percent decline ...

Rio Tinto cuts Japan thermal coal price

(Minews) - Rio Tinto has lowered the price of the annual benchmark thermal coal contract with Japan by almost a fifth, as producers continue to struggle with an oversupplied market.The Anglo Australian miner has settled the first annual supply agreement with a Japanese utility company at $67.80 a tonne ...

Fate of iron ore’s recovery rests with China and Australia

(Minews) - China and Australia, two economic powerhouses on opposite sides of the supply-demand equation, are critical to iron ore’s recovery—and by most accounts it may be a lost cause.Iron-ore prices are in a free fall as slow demand in China for the mineral—and steel, which is often ...

A 15% growth predicted for mining sector

(Minews) - The deputy minister of industry, mine, and trade has predicted that growth in the mining sector would hit 15% in the new Iranian calendar year (started March 21), Mehr news agency reported.“While mining sector growth is currently at 10.5%, the figure can increase to 15% based on the ...

Barrick settles cases tied to atrocities at Porgera mine

(Minews) - Canadian gold miner Barrick Gold said on Friday it has settled 11 claims related to atrocities committed against women over the last two decades at its Porgera gold mine in Papua New Guinea.The settlement reached with EarthRights International, a non-governmental organization, that was representing ...

IMIDRO in mineral talks with Kazakhs

(Minews) - The deputy minister of industry, mine and trade says Iran is engaged in serious negotiations with Kazakhstan for cooperation in iron ore, steel, zinc, and aluminum sectors, IRNA reported.Mehdi Karbasian, who is also the head of Iranian Mines and Mining Industries Development and Renovation ...

China claims to hold over 2 million tonnes of uranium deposits

(Minews) - Chinese authorities have unveiled the results of study into the nation’s uranium deposits, which puts its reserves at over 2 million tonnes, government's Xinhua News Agency reports.According to the head of China Nuclear geology (CNG), Du Yunbin, the country’s uranium deposits ...

Iron ore’s meltdown raises questions about miners

(Minews) - Iron-ore prices fell to their lowest level in a decade, amid softening demand from China that boosted concerns about the bottom lines of some of the world’s biggest mining companies.Recent price declines by this basic ingredient of steel have exceeded even the sharp slide by crude oil,...

Indian billionaire wants to buy Aussie gold mines

(Minews) - Indian jewellery billionaire, Rajesh Mehta, is said to looking for Australian gold assets as several miners are in the process of shedding non-core operations to survive the current squeeze on the industry.According to Financial Review, the tycoon said his company is ready to spend up to ...

German Economy Minister backs lignite mines

(Minews) - German Economy Minister Sigmar Gabriel has sought to reassure energy companies the government has no plans to shut down lignite mines, according to a copy of a letter addressed to works councils and seen by Reuters."Both power from black coal as well as brown coal will definitely have ...

Russian gold miner polymetal watches oil price

(Minews) -  The price of gold has plunged more than a third in the past 3½ years, but the ailing industry is now nervously watching another metric—the price of oil, said the chief executive of one of Russia’s largest gold miners.In an industry bleeding cash, some gold miners ...

Australia state defers royalties to help iron ore miners survive

(Minews) - A half-decade after insulating Australia from the worst of the global financial crisis, the mining state of Western Australia is for the first time being forced to defer much-needed royalties as iron ore prices plummet.Western Australia - five times the size of Texas - counts on royalties ...

India approves allocation of bauxite block to Odisha Mining

(Minews) - India has approved a proposal from the eastern state of Odisha to allocate a bauxite deposit with reserves of over 150 million tonnes to the state mining company, a move likely to help companies like Sesa Sterlite Ltd that are banking on the raw material to fire their aluminium smelters in ...

S.Africa mining massacre report to be submitted

(Minews) -  The official report into the police killing of 34 South African miners in 2012 is due to be submitted to President Jacob Zuma on Tuesday, with rights groups demanding that its findings are published immediately.The shooting at Marikana was the worst violence witnessed in the country ...

De Beers making it harder for diamond dealers to join supply chain

(Minews) - De Beers is fine-tuning details of a set of new conditions for companies seeking to join its group of customers known as “sightholders.”According to FT.com, the diamond giant — which sells $6 billion of unpolished gems a year and is the world’s largest supplier by value ...

Iran plans to quadruple steel production by 2025

(Minews) - Iran, the largest steelmaker in the Middle East and North Africa, plans to quadruple steel production to 55 million tonnes a year by 2025, a report said.Steel output by Iran totalled 16.33 million tonnes in 2014, securing the country’s place as the 15th largest producer in the world....

In 20 years, the world may run out of minable gold

(Minews) -  In another two decades, rare commodities may become seriously scarce.According to Goldman Sachs, the world has about 20 years’ worth each of known minable reserves of gold, diamonds and zinc. Platinum, copper and nickel reserves only have about 40 years or less left.“The ...