Page 55 - Simandou News Today

The bulk of it is mined in the Pilbara region, roughly 800 miles north of Perth. This desolate expanse – home to more than 31 Aboriginal groups – is also host to a large network of mines all dedicated to digging up the riches lying underneath the arid red earth. The dominance of the mining industry in this part of the world is clear for all to see in Perth’s elegant skyline, with the names of FTSE 100 mining titans Rio Tinto and BHP Billiton emblazoned at the top of the city’s two talle...

Australias iron ore bonanza: UK investors cash in as global economy bounces back sending commodity prices soaring James Salmon In Perth For The Daily Mail © Provided by This Is Money MailOnline logo It is one of the most isolated major cities on earth, boasts some of the world’s finest beaches and is mercifully Covid-19 free. But Perth – which straddles the banks of the Swan River on the shores of the Indian Ocean – has another key attraction. The sun-drenched city is t...

  At least 15 people have been killed by a landslide at a clandestine gold mine in Guinea’s north-eastern Siguiri region. Overhanging rocks collapsed on Saturday morning, crushing some victims and burying others inside the mine. A government spokesman has said the “exact circumstances and causes of the tragedy” will be investigated. A local Red Cross official said two women were among the dead and that it was likely more bodies would be found. “This site is already mined by machines. T...

Rio says China has few iron ore alternatives, for now Share Australia’s biggest iron ore exporter says China has relatively few alternative suppliers of the steelmaking ingredient in the near term, as diplomatic tensions between Canberra and Beijing stokes panic buying and helps drive iron ore prices to record highs. Prices for “benchmark” ore with 62 per cent iron breached $US200 per tonne for the first time on Thursday evening, with S&P Global Platts putting the price at $US202.65, whil...

Shadow of Juukan hangs over Rio AGM as investors lob protest vote Save Share Rio Tinto’s senior Australian director Simon McKeon AO has vowed to ensure the miner rebuilds its relationship with and influence over the nation that delivers the bulk of its earnings as investors lobbed a big protest vote against its remuneration report. More than 60 per cent of votes were cast against the remuneration report at Thursday’s shareholder meeting in response to lucrative exit packages given to ...

‘I never give up’: Q&A with Chinese environmental lawyer Jingjing Zhang Jingjing Zhang has been dubbed the “Erin Brockovich of China” for her work litigating against polluting companies on behalf of affected communities within the country. Now living in the U.S., she has switched her focus to Chinese companies operating overseas, many of them under the aegis of Beijing’s ambitious and far-reaching Belt and Road Initiative. But jurisdictional issues mean courts in China don’t yet hol...

China has moved to cool its red-hot steel sector by discouraging exports and boosting imports of some feedstock alternatives to buoyant iron ore, steps largely viewed as short-term measures to calm prices.

Iron ore is Australias largest global export. Brazil is the next largest exporter, but supplies have been disrupted by an environmental disaster two years ago that affected 10 mines. Steel makers in China reported a record high of 94 million tonnes in March, an increase by 19.1 per cent in the past year. The rising superpower - which imports 60 per cent of its iron ore from Australia - has long wanted to source the mineral from other countries. Earlier this year, Reuters reported how Chinese of...

China seeks to cool red-hot steel sector, and aims at Australia China has moved to cool its red-hot steel sector by discouraging exports and boosting imports of some feedstock alternatives to buoyant iron ore, steps largely viewed as short-term measures to calm prices. But there are likely some longer-term implications as well, as Beijing looks at ways to reduce the reliance of the world’s biggest steel producer on Australian iron ore. Australia is the world’s largest exporter of the steel-...

Boom times: We may be having another commodity supercycle We’re sorry, this service is currently unavailable. Please try again later. Dismiss May 3, 2021 — 12.00pm May 3, 2021 — 12.00pm Save Normal text size Advertisement Anyone having a quick squiz at commodity prices could easily think we’re in the middle of the kind of commodities supercycle last seen in the China-driven boom in the aftermath of the global financial crisis. While iron ore is the flag carrier for the boom ...