30
2021
-
01
[Global Mining Daily News] Five minutes a day to understand the global mining industry
Although data released by the World Steel Association on Tuesday showed that global crude steel production in December last year increased by 5.8 per cent year-on-year to 0.1609 billion tonnes, of which China produced 91.3 million tonnes. Production jumped 7.7 per cent that month, but iron ore prices continued to fall. The price of the benchmark 62 percent iron powder (CFR Qingdao) imported in northern China fell for the third day, dropping 2.4 percent to 165.07 dollars a tonne, according to the Fastmarkets MB.
Global mining events early know
▼
Iron ore prices fall across the board
Although data released by the World Steel Association on Tuesday showed that global crude steel production in December last year increased by 5.8 per cent year-on-year to 0.1609 billion tonnes, of which China produced 91.3 million tonnes. Production jumped 7.7 per cent that month, but iron ore prices continued to fall. The price of the benchmark 62 percent iron powder (CFR Qingdao) imported in northern China fell for the third day, dropping 2.4 percent to 165.07 dollars a tonne, according to the Fastmarkets MB.
Global copper smelting index improves in 2020
Guy Wolf, head of global analysis at Marex Spectron, said the average global copper activity index in 2020 was significantly higher than in 2019, mainly due to the strong recovery in China since the first quarter of 2020. Data on 90% of global copper smelting capacity monitored by SAVANT show that the average global copper smelting activity dispersion index increased to 55.2 in December 2020 from 53 in November. As capacity utilization continued to climb, China's index rose sharply to 55.5 from 48.6 last month, Europe maintained its recent high level of activity, South America fell to 49.7 from 62.2 in November and North America fell to 33.6.
First quantum record copper production in 2020
First Quantum Mining (First Quantum Minerals) announced on Tuesday that it achieved its highest ever annual copper production of 779000 tons in 2020, up 11% from 2019. The company reported that despite the impact of the outbreak, the company's Sentinel business in Zambia still produced record production and other businesses performed well. The first quantum is expected to produce between 78.5 and 850000 tons of copper in 2021.
Freeport Announces Fourth Quarter 2020 Results
Freeport McMoran (Freeport-McMoRan) announced Tuesday that the company's fourth quarter 2020 quarterly results were slightly ahead of analysts' expectations and expects continued growth in 2021. In the fourth quarter of last year, Freeport copper production rose to 0.864 billion pounds and gold production climbed to 273000 ounces. Thanks to a cost-saving plan announced last year, company expenses fell 11.2 percent to $2.79 billion. Freeport earned 39 cents a share in the fourth quarter of last year, according to Refinitiv.
ArcelorMittal to invest $0.8 billion in Liberia to increase iron ore exports
Liberian President George Weah said "significant progress" had been made in negotiations with ArcelorMittal to revise the so-called Mineral Development Agreement, which will pave the way for the construction of a "value-added concentrator", leading to a deal to invest $0.8 billion million in the country. ArcelorMittal, which operates an iron ore mine in Yekepa in northern Liberia, plans to increase its iron ore exports to 15 million tons per year and build a concentrator in the Yekepa concession area and a new ship loader at the port of Buchanan.
Yamana Gold 2020 production slightly below expectations
Yamana Gold of Canada (Yamana Gold) reported that its production in 2020 is slightly below its revised guidance of 915000 ounces of gold equivalent due to restrictions imposed by the new coronary pneumonia outbreak in Argentina near the end of the year, which affected operations at the Cerro Moro gold and silver mine. In 2020, the Cerro Moro gold and silver mine produced 901155 ounces of gold equivalent, comprising 779810 ounces of gold and 10.37 million ounces of silver.
Nickel Mines Indonesia project nickel iron production record high
Nickel Mines reported that in the fourth quarter of 2020, the company's Indonesia Rotary Kiln Electric Furnace (RKEF) project increased production by 7.7 percent, a record high attributable production. RKEF production in the quarter reached a record 11527 tonnes, with nickel miners' share of production at 9216 tonnes. Increases in output have been reported at both the Hengjaya and Ranger nickel mine projects, where nickel output has been around 1900 tonnes/month per project.
Cerrado Gold Acquires Argentine Gold and Silver Project
Cerrado Gold completed a share purchase agreement with Capella Minerals to acquire a 100 percent stake in Minera Mariana Argentina SA, its Argentine subsidiary, three months after it initially announced the acquisition plans. The main assets owned by Minera Mariana are the Las Calandrias and Los Cisnes gold and silver projects in the southern province of Santa Cruz. The two projects have a total of 60400 hectares of land, most of which is located near the Minera Don Nicolas gold mine in Cerrado.
Brazil Seeks to Boost Potash Mining
In order to expand the country's production of potash and other agricultural minerals, the Brazilian Ministry of Mines and Energy, through the Brazilian Geological Survey, has issued a report. The report explores the potential for expanding domestic potash production capacity for the Amazon Basin region, the Midwest region and the states of Amazonas and Pará, and identifies 3.2 billion tons of ore in northern Brazil.
Russian gold production down 7% year-on-year in January-November 2020
The Russian Ministry of Finance said on Tuesday that Russia's gold production in January-November 2020 was 314.41 tons, down from 337.26 tons in the same period in 2019. In addition, the country produced 873.90 tonnes of silver in the first 11 months of 2020, down from 903.72 tonnes in the same period in 2019.
Source: Mining Industry
This platform reprints the content, only for sharing purposes, does not represent the views of the platform.The copyright of the article belongs to the original author. If there is any suspicion of infringement or unauthorized publication, please contact us, and we will review and delete it in time.
RELATED INFORMATION
Pay attention to lotus mountain drilling tools:
Contact Us
Address: Lianhua Mountain, Yangjiazhangzi Economic and Technological Development Zone, Huludao City, Liaoning Province, China
Telephone:0086-429-4428053 0086-429-4428052
TikTok
WeChat Public Number
Privacy Policy Website construction:China Enterprise Power Jinzhou SEO Tags