The Ferrexpo report notes that despite the loss for the year, underlying EBITDA remained positive in 2023, but decreased by 83% to $130 million....
Mining industry
The closure of the Port of Baltimore after the collapse of the Francis Scott Key Bridge has not yet affected coal prices
The stoppage of about a third of all coal exports from the United States, as a result of the closure of the port of Baltimore, did not immediately...
BHP extends March iron ore discounts
Australian iron ore miner BHP has increased discounts on its Jimblebar Fines (JMBF) and Mining Area C Fines (MACF) forward contracts, while narrowing...
Coal production in China is breaking records, and its imports have increased by 60%
The Chinese economy is in no hurry to abandon coal, setting new records in its production and consumption....
Nippon Steel and Posco now own Teck's minority stake in the steel coal business
Teck divests from coal after deal closes and notes decline in copper production in Chile...
BHP may stop coal production in Australia at the end of December due to strike
Security operators are threatening to strike at Australian miner BHP's Queensland coal mines, while train drivers at Western Australia's iron ore...
Experts warn of rising geopolitical risks to critical minerals supply chains
Policymakers and private companies must work to diversify and create more sustainable global supply chains, noted at the Resource Tomorrow conference...
Lift breaks at South Africa's deepest mine, killing 11 miners
Impala Platinum (IMPJ.J) said on Tuesday it had temporarily stopped work at its Rustenburg mining complex in South Africa after 11 workers died in an...
Exchange prices for iron ore in China are rising despite regulatory intervention
China's government planner said it will closely monitor changes in the iron ore market and will further tighten oversight of spot and futures trading...
Iron ore in Asia is becoming more expensive and will continue to rise in price - S&P
Iron ore prices in Asia hit an 8-month high on the back of solid performance and strong buying, as well as the investment policy of the Chinese...
Iron ore prices hit new highs this year amid rising demand in China
In addition to growing demand from the largest consumer, iron ore prices are rising on fears of strikes in the Australian mining sector....
Mongolia plans to export 60 million tons of coal in 2024
Most of Mongolia's coal production comes from the Tavan Tolgoi coal deposit, which is one of the largest coal deposits in the world....
Guinea bans mining companies from exporting more than half of foreign exchange earnings
Under the new rules, starting this Friday, Guinean mining firms are required to remit at least half of their export earnings into the country. This...
Coal production in China showed steady growth in January-July 2023
From January to July, China produced 2.67 billion tons of raw coal....
China iron ore imports up 6.9% in first seven months of 2023
Since the beginning of the year, China has imported a total of 669 million tons of iron ore, up 6.9% year-on-year....
China restricts exports of metals for the production of microcircuits due to trade quarrel with the United States
Beijing's action follows Washington's talk of new control over semiconductors...
JSW Steel is considering buying a stake in Teck's coal division
The Indian steelmaker is in talks with banks about possible funding for the acquisition, which could be in the region of $2 billion....
Largest German coal mining company invests in green energy
LEAG will generate 7 gigawatts of energy from wind and solar by 2030...
Reduction of Ukrainian exports of iron ore accelerated to 55%
According to the results of the past year, Ukraine lost about half of its exports of iron ore, and in the first five months of this year, this figure...
Norway plans to extract millions of tons of metals from the bottom of the Greenland and Norwegian seas
Oslo wants to start underwater metal mining in an offshore area the size of Germany, where it is estimated that 38 million tons of copper may occur,...
Iron ore prices continue to fall
Analysts expect the decline in iron ore prices to reach $96.76 per ton by the end of the current quarter and accelerate to $89 per ton by the end of...
Ukrzaliznytsia denied reports about the suspension of iron ore transportation in the direction of the Czech Republic
The national railway operator of Ukraine was forced to come out with a refutation of reports about the alleged blocking of shipments of metallurgical...
Iron ore drops as Chinese steel demand remains weak
Iron ore fell as investors took stock of weak steel demand in China and the reopening of a key export port in Australia....
Ferrexpo doubled iron ore production in central Ukraine
Doubling of total iron ore pellet production to 0.90 Mt in Q1 2023 (Q4 2022: 0.42 Mt) was driven mainly by improved power supply to Ferrexpo's...
Sweden announced the discovery of Europe's largest deposit of rare earth metals
Rare earths are not currently mined in Europe, leaving the region dependent on imports from other countries. At the same time, demand is expected to...
Rio Tinto and Baowu take next step towards joint venture in Guinea
The problem of transporting high-quality iron ore from the world's largest undeveloped project, Simandu, hinders its development...
Ferrexpo commented on the arrest of its director in Courchevel
The mining company Ferrexpo plc, with major assets in Ukraine, said that it was aware of the detention in France of its non-executive director and...
Coal production in Shanxi province increased by 8.9% in January-November 2022
Northern China's Shanxi Province, the country's largest coal-producing region, saw a steady increase in coal production in the first 11 months of...