Further, the iron ore hubs of Australia and Brazil happen to be located in regions that suffer cyclones and heavy rains every year. METALS AND MINING TOP NEWS. In 2019, China produced 996 million mt of crude steel and this year the 1 billion mt mark will be breached. The demand side of iron ore will remain extremely strong – and it won’t just be coming from China (see below). LONDON--(BUSINESS WIRE)--The metals and mining industry is plagued with various challenges, and companies need to adopt new strategies to … The World Economic Forum’s Mining and Metals Blockchain Initiative has released a unique proof of... Metso Outotec delivers flotation technology to GTK’s pilot plant Metso Outotec will deliver new, smart flotation cells to GTK Mintec’s pilot plant in Outokumpu,... Chinese investors ready to invest US$ in gold mining in Tajikistan China’s central government has tried to contain house price rises by tightening credit conditions. As the industry continues to adapt and respond to the COVID-19 pandemic, thought leadership, market transparency, and a forum to network all have become more critical than ever. The company said the technologies provided “an innovative and environmentally responsible metallurgical processing solution”, with work so far indicating the potential to produce battery-grade lithium in Cornwall without the need for further refining, making it a complete on-site solution. Frågor, idéer och kommentarer om webbplatsen är varmt välkomna. SASKATOON, SK – December 10, 2020 – Omineca Mining and Metals Ltd. (TSXV: OMM) ("Omineca" or the "Company"), announces that it has commenced dewatering and decline rehabilitation activities at the Company’s underground placer gold project at Wingdam in the Cariboo Mining District of south-central British Columbia. Mining news and research that's as smart as you. The iron ore price on Singapore’s SGX and on the Dalian Commodity Exchange hit a record high, based on demand due to high Chinese steel production, and concerns about supply, Commerzbank analyst Daniel Briesemann said in a Dec. 11 report. While the raw figures show there is still a way to go to achieve gender parity in metals and mining companies, momentum appears to be building, and the growing importance of ESG to investors is also likely to help speed up progress. The 2020 Global Metals Awards have gone digital - join us to celebrate with our finalists and find out who this year's category winners are, The 2020 Global Metals Awards have gone digital – join us to celebrate with our finalists and find out who this year’s category winners are, Commodity forecasting is a difficult business at the best of times. When Chinese steel output seemed to go into reverse from 2014, the view was that Chinese steel consumption and output had peaked. In 2019, out of 66 companies belonging to the steel or metals and mining sectors that provided information on their workforce gender split, total female participation ranged from 3% to 29%. The party was over! The investment objective of the company is to provide long-term capital appreciation and monthly cash distributions. The event at a glance As the industry continues to adapt and respond to the COVID-19 pandemic, thought leadership, market transparency, and a forum to network all have become. Even as S&P Global Platts IODEX 62% Fe fines benchmark fell Dec. 14 to $154.50/dmt, total pellet prices indicated well above earlier levels, potentially in the $170s/mt FOB range, may be displaced by more lump or lower grade alternatives as buyers question the longevity of higher steel and iron ore spot prices. The World Economic Forum’s (WEF) Mining and Metals Blockchain Initiative has launched a proof of concept for its Carbon Tracing Platform, named the COT. Latest articles by Julian. Bill Matlack Tuesday December 15, 2020 15:25. GMA- Lifetime Achievement Award: Rannveig Rist. The consumption of aluminium in Russia may decline by at least 30% this year, compared... Africa-focused miner Centamin has announced plans to invest some US$595 million in its Sukari gold... Metso Outotec is reorganizing its Metals business as part of the earlier announced turnaround program.... Golden Birch Resources Inc. The company had been testing the environmental acceptability of the Trelavour project for two years, he said. One of these projects is the ‘Mining and Metals Blockchain’ initiative, a new project designed to “more accurately trace emissions across the value chain using distributed ledger technology” according to a WEF news release. Most of the mooted new projects will probably get no further than the drawing board. But here’s why I think an overly bearish outlook on medium-term prices may be wrong: There is little in the way of meaningful net new supply guaranteed to hit seaborne markets in the next 2-3 years. Fortescue’s new 30 million mt/year capacity Eliwana mine has just produced its first ore. Next year, Rio Tinto will start its new 43 million mt/year Koodaideri mine to keep up its flagship Pilbara Blend product, as supply at older mines is depleted. Mining for Gold and Other Metals in 2021 and Beyond December 7, 2020 At the end of any year and certainly this one, the lucrative gold mine investment goes on the gift list. Even with higher steel prices, the potential for margins to support iron ore prices and higher pellet premiums could be limited, a steel group executive said Dec. 14. In the last four years, it has managed to raise the overall proportion from 17.6% to 24.5%. Meanwhile, Trump administration policy objectives that could fuel domestic demand for metals, such as an infrastructure program, have yet to manifest. With India’s domestic steel prices touching decade high numbers, steelmakers have exited the export markets for good. Cornish Lithium was fast tracking the project and path to commercial production in line with the UK government’s initiative to bring forward its electric vehicles targets to 2030 from 2035, according to Wrathall. Taken together, these drivers point to upward support rather than downward pressure in the iron ore market, in the short-to-medium term at least. Mining Weekly covers real-time news on mining projects across a range of minerals including gold, platinum, diamonds, copper and ferrous metals. Yes, there are mine replacement in Western Australia projects (more on this later), and Fortescue’s new Iron Bridge magnetite project. The China market is typically unable to absorb higher iron ore pellet prices in the long term due to shifting value in use with steel margins, and alternatives, an international iron ore marketer said. Most of the leaders interviewed expressed optimism for the metals and mining industries, however, pointing to concrete changes that are taking place to encourage greater diversity in general. Will India’s domestic market continue showing strength in the near term and break further records? Vale, the biggest iron ore miner, this month cut production guidance for 2020, while industry sources see strong iron ore demand in China, and tight pellet availability keeping near-term prices up. Tyck till! They also stand as examples of what is possible in sometimes extremely challenging circumstances, suggesting even greater possibilities if the current barriers to working in the industry continue to be steadily demolished. There is a massive amount of new integrated steelmaking capacity planned for Southeast Asia in the next few years. As well as the many highlights discussed in the interviews, a number of the world’s biggest metals and mining companies have publically set themselves hard targets to improve their gender balance. It includes questions on workforce diversity and gender pay gap. Will the majors maintain overall production and export volumes as new operations are brought online? At this stage, Platts does not provide a formal iron ore price forecast. Opinion 15 December 2020 Faster decarbonisation and mining: a crisis of confidence or capital? Iron ore futures have seen higher relative pricing to physical indexes in recent days. The 1.63% spread on Dec. 11 with the forward midpoint was the narrowest to the physical spot price since January. Nov 25, 2020 Omineca Closes $5.5 Million on Oversubscribed Brokered Private Placement Financing ... presentations and other information concerning Omineca Mining and Metals … Cornish Lithium said it had acquired a license for Lepidico’s technology and had also signed a collaboration agreement with Lepidico to further develop them. Metals & Mining ETF News Features and News Investors have walked away from thermal coal, and many are snubbing metallurgical coal. It would be hysterical to say such an important industry is in the “last chance saloon” with investors—but the fate of outgoing Rio Tinto CEO JS Jacques shows the level of scrutiny the sector is now under. On the day this blog was written, the S&P Global Platts IODEX 62% Fe benchmark stood at $160.70/mt CFR China, 70% higher on the year before. Midpoint was the narrowest to the physical spot price since January January-September by %... Ore futures have seen higher relative pricing to physical indexes in recent months Global... 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