Page 8 - Beyla News Today

China Baowu Steel Group (Baowu) has raked in CNY10bn ($1.4bn) through a bond issue, a major chunk of which will be used to fund the Simandou iron ore project in Guinea, according to a Reuters report.

The worlds largest steelmaker China Baowu Steel Group has raised 10 billion yuan from a bond issue, in part for the giant Simandou iron ore project in Guinea, it said on Monday. The...

The $38m junior is about to drill right next to the giant Simandou iron ore project. Plus, uranium bulls rage on and BHP’s chosen juniors.

In December, Anglo-Australian mining giant Rio Tinto announced that it was set to spend $6.2 billion on mining the rich, high-grade iron ore deposits of eastern Guinea’s Simandou Mountains, with production beginning in 2025. The eye-watering figure spoke to the project’s importance: after 25 years of stop-and-start progress, if it reaches Rio Tinto’s shipping target […]

In its Q4 trading update, Rio Tinto reports that iron ore production at its major Pilbara region in Western Australia fell by 2% year-on-year, to 87.5 million tonnes, while iron ore shipments declined...

Rio Tinto forecasts China – home to the world’s largest steel industry – will hit a peak in consumption, and expects global iron ore demand will rise almost a quarter by 2050.

Metso has received an order from Winning Consortium Simandou (WCS) for the supply of key crushing equipment for their concentrator plant at Simandou Iron Ore Blocks 1 and 2 in the Republi...

Rio Tinto Chief Executive Jakob Stausholm said: “We were fatality free for the fifth consecutive year at our managed operations but we remain vigilant and continue to learn from safety incidents....

Rio Tinto’s most important division posted its best export volumes in five years, as Mongolia made a fresh claim for $US80 million of ‘unpaid’ taxes.

Rio Tinto Chief Executive Jakob Stausholm said: "We were fatality free for the fifth consecutive year at our managed operations but we remain vigilant and continue to learn from safety incidents. The Group's total copper equivalent production...