Seaborne iron ore prices softened further on Wednesday September 18 amid a roller-coaster ride in the futures market. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $96.42 per tonne, down by $0.75 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $96.81 per tonne, down by $0.75 per tonne. 62% Fe low-alumina fines, cfr…
Financial Express reported that Bhushan Power and Steel Limited’s highest bidder JSW Steel has informed the National Company Law Appellate Tribunal that it would be impossible for it to implement the resolution plan for BPSL if it has to share profits earned by the insolvent firm during the resolution period with creditors. JSW has also…
Ukrainian steelmakers’ association Ukrmetprom says that payments of royalties from mining iron ore increased almost 5-fold from 2012 to 2018. At the same time, payments of royalties from minerals of state importance, including ore, increased only 1.6-fold, while those from crude oil production 1.1-fold. The Servant of the People Party parliamentary faction proposes a change…
Interpipe has successfully passed the Tatweer Petroleum pre-qualification and has been added to the list of trusted suppliers of linear pipes to the Bahrain market. Tatweer is developing several deposits, for which it uses large-diameter pipes. Earlier Interpipe could not supply the pipes to the state company, as it was not included in the registry.…
The department of the inner market protection of the Eurasian Economic Commission has reported on the results of the investigation, which began on September 4, 2018. In 2015-2017 the volume of consumption of stainless steel hot-deformed seamless pipes on the Union market increased by 62.1%, with imports from China growing 6.9-fold, and during the investigation…
A new shapemeter has been installed at the line of 100-meter rails non-destructive method in the Evraz ZSMK rail and beam shop. The new equipment measures 9 elements of sections according to GOST. The shapemeter has passed state attestation and tests. (Ukrainian metal)
Almalyk Mining and Metallurgical Complex intends to mine up to 74 million tons of copper ore per year at the Yoshlik I deposit. The development of the deposit, situated next to the Kalmakir deposit, started in 2017. Art present the company employs 1330 people and 54 quarry dump trucks there. The first copper ore will…
Since the start of the year and as of mid-September Magadan region extracted 30.2 tons of gold, up by 23.1% YoY. Ore gold accounted for 17.75 tons, up by 43.8%. Alluvial gold extraction reached 12.44 tons, up by 2%. This year 3.49 tons of alluvial gold more are needed to be extracted. Silver output totaled…
