Iron & Steel - Copperbelt Katanga Mining

Glencore and Sinosteel cases in Cameroon, practical instances of the need for more transparency on extractive contracts

September 24, 2022September 24, 2022 arnbethnic

(Ecofin Agency) – During the month of May 2022, Cameroon experienced a controversy over an iron mining agreement signed between its government and Sinosteel , a Chinese multinational. MPs joined by part of civil society denounced this contract and demanded its cancellation, explaining that this agreement was disadvantageous for the country. In an interview granted on May 23, 2022 to the BBC Afrique radio channel, the Cameroonian minister in charge of mines denied all the fears raised by public opinion. The government subsequently decided to publish the said convention on the official website of the Ministry of Mines, Industry… Read More Here

Iron & Steel

This company has delivered the world’s first fossil-free steel

August 29, 2021August 29, 2021 arnbethnic

A general view of Hybrit’s pilot plant producing fossil-free steel in Lulea, Sweden is seen in this undated handout photo.HYBRIT started test operations at its pilot plant for fossil-free steel in Lulea, northern Sweden, a year ago. The first customer delivery of fossil-free steel has just been delivered in Sweden.HYBRIT, who produced the steel, started test operations at its pilot plant in northern Sweden a year ago.The aim is to dramatically reduce carbon emissions of the steel industry, which currently accounts for 8* of global emissions.Swedish green steel venture HYBRIT… Read More Here

Copper Iron & Steel Iron Ore Oil & Gas

2021 the year of records for raw materials: copper at $ 10,000, oil at $ 70, iron at $ 200

May 20, 2021May 20, 2021 Janet

When crude futures broke above $ 70 a barrel on Tuesday, it was just the latest milestone in a record year for commodities. From copper to iron ore and oil, prices have recovered significantly in 2021, as the global economy emerges from the depths of the coronavirus pandemic and stimulates demand. The Bloomberg Commodity Spot Index, which tracks a broad basket of commodities, is up 21% since January, putting it on track for the best year since 2016. Copper hit an all-time high this month, exceeding $ 10,000 per tonne. Iron ore… Read More Here

International Iron & Steel

Rio Tinto develops new atomised steel powder for 3D printing

May 13, 2021May 13, 2021 Janet

Rio Tinto has developed and tested a new water atomised steel powder designed for 3D printing applications at its Rio Tinto Fer et Titane (RTFT) metallurgical complex in Sorel-Tracy, Quebec. The metal dust delivers mechanical properties superior to conventional metal manufacturing techniques, paving the way for advances in using 3D printing technology for metal parts. RTFT is developing a range of different powder grades with advanced properties for 3D printing to meet customer needs. “This is a new generation of steel powders designed for 3D printing at RTFT’s metallurgical complex,… Read More Here

Iron & Steel International

Iron price jumps as Chinese imports continue at record pace

November 10, 2020November 10, 2020 Janet

Iron ore prices surged on Monday as Chinese steelmakers continue to demand cargoes at a record-breaking pace amid a building boom in the world’s second-largest economy. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $121.75 a tonne on Monday, a 3.4% jump from Friday’s closing, and up 32% since the start of the year. Trade data released over the weekend showed China’s iron ore imports jumped 15% in October compared to the same month last year to 106.7 million tonnes. For the… Read More Here

Aluminium Copper Global markets Iron Iron & Steel

Metals markets to move into surplus — report

May 13, 2020May 14, 2020 arnbethnic

Most metals markets will move into surplus in 2020 due to the covid-19 pandemic, according to Fitch Solutions latest market report. The research agency has revised down its forecasts for both consumption and production of metals for a number of countries over recent weeks. “Operational hurdles as a result of covid-19, especially for smelters located in countries where governments ordered lockdowns, and voluntary production curtailments as a result of the collapse in metal prices will result in lower 2020 metal production compared to our previous forecasts,” Fitch analysts say. The firm expects… Read More Here

Iron & Steel

ARM Gets Green Light to Load Iron Ore Amid COVID-19 Lockdown

April 3, 2020April 3, 2020 arnbethnic

African Rainbow Minerals (ARM) said on Thursday it had received the green light from South African authorities to load iron ore from stockpiles at its joint venture mines despite a 21-day nationwide coronavirus lockdown. The diversified miner said Assmang, a 50-50 venture with Assore, had received authorization from the mines ministry to operate its load-out stations at the Khumani and Beeshoek mines to distribute iron ore from the mines’ respective stockpiles. South Africa called the shutdown last week to try to slow the spread of the coronavirus outbreak and ordered all… Read More Here

International Iron & Steel

Severstal earmarks millions for growth at mines

February 11, 2020February 11, 2020 Copperbelt Katanga News

Russian steelmaker and miner Severstal recently released its capital investment programme for 2020, which in addition to planned projects at its steel facilities includes sizable funding for development work at its mines. As part of its plan for the Severstal Resources division, company officials confirmed, it would be spending 30.9 billion roubles (US$484 million) in 2020, with 12.7 billion roubles aimed at asset development alone. At the Yakovlevskiy iron ore mine, which will receive 6 billion roubles from the total, it is aimed at increasing production capacity so the… Read More Here