Page 52 - Simandou News Today

A Chinese-backed consortium building infrastructure for a massive iron ore mine in Guinea started blasting a railway tunnel in a habitat for a critically endangered chimpanzee species with no plan in place to manage the impact on the animals, company and government statements...

Par Mamadou Aliou Diallo L’ancien président français, Nicolas Sarkozy, est arrivé le 6 août 2021 dans la capitale guinéenne pour rencontrer une nouvelle fois, le chef de l’État guinéen, dans le cadre d’une visite dont les contours n’ont pas été définis par les autorités guinéennes et dont ils se sont abstenues de tout commentaire. Ce qui a laissé place à beaucoup

Retrouvez toute lactualité en continue sur la Guinée, Conakry, les villes guinéennes et lAfrique.Infos politiques, économiques, sportives, culturelles et guinéens de létranger 24h/24. © 2006-2016 Africaguinee.com. Tous droits réservé

Iron ore miners are awash with cash, but see different futures Major iron ore producers are awash in a sea of cash, and are likely to remain so despite a recent retreat in the price of the steel raw material. Where they diverge is what they think will be the next big drivers of profit. Rio Tinto, the world’s biggest iron ore miner, posted record first-half profits on July 28, with underlying earnings almost tripling to $12.17 billion from the same period a year earlier. The surging profits we...

Rio Tinto sees inflation with costs up and tonnes down as iron ore price scales record heights Mining share Is inflation coming to hit the hip pockets of Australia’s big iron ore miners? For years the big players have used cost discipline (and arguably advantageous bargaining positions when it comes to wages after culling thousands of jobs in the downturn) to keep their iron ore empires ticking along, with costs in the mid-teens for each tonne of ore mined. Now they are benefitting from a per...

What does the PBOC’s dovish shift mean for metal prices? Tony Sycamore July 13, 2021 2:15 AM Fiscal, stimulus, ultra-low interest rates, global infrastructure projects as well as inflation fears propelled metal prices higher. In this article, we will review what comes next for key metal prices following last weeks dovish shift by the PBOC. Share: China o...

Development Recent developments that have put Nigeria in a precarious situation, with billions of dollars lost to some unscrupulous foreign businessmen with the active connivance of criminal elements in Nigeria, has necessitated the importance of arming relevant government officials, representing the country in international trade and contract agreements with requisite negotiating skills to avoid pitfalls, associated with a number of bogus foreign deals. Kunle Aderinokun reports In 2010, P&ID e...

Australia’s iron ore export boom to China is a double edged sword For much of Australia’s history it was said the fortunes of our nation’s economy rode on the sheep’s back. With wool being Australia’s main export commodity between 1871 and the 1960s, where wool prices led, our economy at times followed. Fast forward 60 years and Australia is just as reliant on exports for its economic prosperity as it was more than a century ago. Except this time, the nation’s economic future no lon...

Strong iron ore prices have shown great resilience, with the sustainability of their rally attracting market attention. The S&P Global Platts 62% Fe index, IODEX, reached a record $233.1/dmt on May 12 driven by a resurgence in global demand, tightening supply and runaway steel prices. Although the IODEX eased back slightly in early June, iron ...

Iron ore prices have flourished again despite a downward dive following Beijing's promise to curb the mineral's unabated ...