Dalian iron ore extends losses on gloom over China demandFri, 15 Oct 2021 00:00:00 GMT
Benchmark Dalian iron ore fell for a second consecutive session on Thursday as the outlook for Chinese demand darkened, with Beijing turning more aggressive than expected in imposing steel output controls in the first quarter of 2022. The government, seeking to curb steel production to ensure clean air, has asked mills in more cities in northern China to cut output from Nov. 15 to March 15. That weighed on sentiment in a market already edgy on fears of a wider fallout in Chinas property
Govt asks captive coal mines to boost output by 10 MTFri, 15 Oct 2021 00:00:00 GMT
The 40 captive coal mines in the country are likely to produce 70 mt of coal this fiscal against the earlier target of 60 mt, officials familiar with the development told ET. The proposed output is nearly double of last year's 38 mt.
Coal India to refrain from conducting any e-auction till situation ...Fri, 15 Oct 2021 00:00:00 GMT
This is only a temporary prioritisation, in the interest of the nation, to tide over the low coal stock situation at the stressed power plants and scale-up supplies to them. It does not mean stoppage of e-auction format, Coal India said.
SSABs fossil-free steel featured in Volvo Groups vehicleWed, 13 Oct 2021 00:00:00 GMT
In a world-first, Volvo Group reveals the first vehicle made of fossil-free steel produced by SSAB. The machine, a load carrier for use in mining and quarrying, is being unveiled at a Volvo collaboration event today i
Mining News - A SE Alaska resource development complexMon, 11 Oct 2021 14:07:00 GMT
Ucore Rare Metals Inc. Oct. 7 announced that it has entered into a memorandum of agreement with Alaska's Southeast Conference for the evaluation and potential establishment of a Natural Resource Development Complex that would host Ucore's planned Alaska Strategic Metals Complex, a facility for processing rare earth elements and other critical minerals. 'The establishment of the MOA...
Mining News - Partnerships unlock golden Doyon potentialMon, 11 Oct 2021 12:20:00 GMT
It is hard to quantify which is more impressive, the sheer size of the estate owned by Doyon Ltd. or the rich and underexplored mineral potential on the lands owned by the Alaska Native Claims Settlement Act regional corporation for Alaska's Eastern Interior. Running the breadth of Alaska between the Brooks Range to the north and Alaska Range to the south, the Doyon region blankets a...
India mulls steel price hikes on costlier coalMon, 11 Oct 2021 00:00:00 GMT
Rising coal prices coupled with a shortage of coking coal and thermal coal are forcing Indian steel mills to consider a steel price hike for the next quarter. Indian steel giants like JSW Steel and Jindal Steel and Power (JSPL) anticipate a cost-driven price hike. Kallanishnotes from customs data that Indian coking coal imports
Coal-based steelmaking to persist despite green rhetoric: EurocokeMon, 11 Oct 2021 00:00:00 GMT
Despite the green steelmaking rhetoric in Europe, the regions steelmakers will remain dependent on coal for some time to come, while producers in developing economies will continue investments into new coal-based capacity. So said speakers at last weeks Eurocoke Summit in Amsterdam. The green hydrogen-based direct reduction-electric arc furnace route can reduce carbon emissions
Sanjeev Gupta's coal mine expansion wins federal government tickThu, 07 Oct 2021 19:00:00 GMT
Sanjeev Gupta's GFG Alliance has won approval from the federal government for an expansion of the Tahmoor coal mine in NSW at a time when coal prices are soaring and it is still trying to finalise a refinancing of the mine and its stablemate, the Whyalla
Ukraine: coking coal provision down in September 2021Thu, 07 Oct 2021 09:47:02 GMT
Because of the growing prices of coking coal, provision of by-product coke plants decreased by 15% in September. This resulted in the drop in the production of steel and pig iron leading to the increase of steel prime cost. In January-August, by-product coke plants received 8.63 million tons of coking coal, down by 1.1%
Fortescue buys 60% stake in Dutch-based renewable energy firmThu, 07 Oct 2021 01:57:44 GMT
Fortescue Future Industries (FFI) is part of Fortescue Metals' plan to become the world's first major supplier of green iron ore, and aims to supply 15 million tonnes of green hydrogen globally by 2030. Fortescue Metals, the world's No.4 iron ore producer, is pursuing some of the most ambitious green plans in the industry with its efforts to diversify into renewable energy and green hydrogen through
GFG launches legal action against US private equity fund, AIPWed, 06 Oct 2021 00:00:00 GMT
GFG Alliance has announced it will launch legal action against any attempts, made by US private equity fund AIP, to seize control of the Dunkirk aluminium smelter which is a part of the GFGs ALVANCE business.
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