Iron Ore
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Black Iron advances offtake and construction agreements for Ukraine project
Ukraine-focused iron developer Black Iron has provided an update on the progress of a formal offtake process and construction and investment agreements for its Shymanivske iron ore project. Black Iron is reviewing proposals from the first round of submissions from…
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FPX releases ‘large-scale’ PEA for Baptiste
FPX Nickel has released the results of a preliminary economic assessment (PEA) on the Baptiste nickel project in the company’s Decar nickel district, in B.C., which, according to Martin Turenne, the company’s president and CEO, “establishes Baptiste as a premier…
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COMMODITIES: B of A forecasts US$3,000 gold, US$35 silver
UNITED STATES – In April, Bank of America Global Research increased its 18-month price target on gold from US$2,000 per oz. to US$3,000 per oz. and forecast an average gold price in 2020 of US$1,695 per oz. and US$2,063 per oz.…
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IRON: Brazil Minerals encouraged by resource estimates for Iron project
BRAZIL – Brazil Minerals announced that an independent technical report for the Iron project in Minas Gerais estimates that the project area contains 7.4 million tonnes of iron ore, within a deposit that is up to 45 metres deep. The 16.7-sq.-km…
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Baffinland Iron Mines and Inuit association strike landmark agreement
A new multimillion-dollar agreement between Baffinland Iron Mines and the Qikiqtani Inuit Association (QIA) that includes a substantial royalty increase, Inuit oversight of environmental monitoring and direct community benefits may have set a new standard for Indigenous involvement in mining…
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BLOCKCHAIN: BHP, China Baowu complete iron ore transaction on digital platform
VANCOUVER – MineHub Technologies has announced that BHP Billiton and China Baowu have completed their first iron ore trade on MineHub’s blockchain-based platform. The platform is a decentralized digital system with underlying blockchain technology that connects buyers, sellers and service…
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CONVEYORS: CPS supplies BHP with Pilbara’s first all-composite roller conveyor
AUSTRALIA – CPS, an Australian company specializing in conveyors, has announced that, over the next few months, approximately 50 km of conveyor belt will be fitted to the first all-composite roller overland conveyor in the Pilbara. CPS designed, engineered and…
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REPORT: Miners’ response to Brazil dam disaster still weak
More than a year after the tailings disaster at Vale’s Brazil Córrego do Feijão iron ore mine that killed 270 people, the mining industry is still slow on adopting changes needed to prevent similar catastrophes, a new study shows. According to Amsterdam-based Responsible Mining Foundation (RMF),…
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PDAC 2020: Covid-19 weighs on mining outlook for 2020
It’s usually difficult to find a seat at the commodities session on the opening day of the Prospectors and Developers Association of Canada (PDAC) convention held in early March in Toronto, but there was a noticeably smaller crowd at this…
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AUTOMATION: Epiroc and ASI to automate fleet at Australian mine
SWEDEN – Epiroc, a productivity partner for the mining industry, has signed a contract with the Roy Hill iron ore mine in western Australia to deliver a fully automated haul truck solution to the 55-million-tonne-per-year operation. Epiroc, in partnership with…
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REPORT: McKinsey outlines climate risks
A new report by global consultancy McKinsey & Co. looks at three key questions the mining sector needs to address in light of climate change. Entitled Climate risk and decarbonization: What every mining CEO needs to know, the report details…
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SHIPPING: Is a diesel supply shock coming?
New ocean shipping regulations could have a big impact in the new year Under International Maritime Organization (IMO) rules that come into effect on Jan. 1, 2020, emissions from fuel used in ocean carriers cannot exceed a sulphur content of…
