China’s ambitious Sahara mine project: Rethinking iron ore sources amid economic shifts
Beijing is undertaking a colossal endeavor in the Sahara Desert, aiming to establish a mine that would serve as an alternative to Australian iron ore,...
Tag : iron
Simandou iron ore project secures $15 billion financing for key infrastructure development in Guinea
According to a report from Bloomberg, shareholders of the Simandou iron ore project in Guinea have recently signed financing agreements totaling $15 billion. This significant...
Navigating the transition: Australia’s iron ore industry at a crossroads
Australia’s economic powerhouse, its iron ore sector, faces a pivotal moment as its key consumer, China, moves towards reducing its carbon footprint. While iron ore...
EU sees surge in direct reduced iron imports in January 2024
In January 2024, the European Union experienced a notable surge in imports of direct reduced iron (DRI), marking a 68.4% increase compared to the same...
Erdemir’s discovery of iron ore reserves sparks construction of pelletizing plant for long-term sustainability
Erdemir, Türkiye’s leading integrated steel producer, has announced the discovery of significant magnetite iron ore reserves, estimated at 250-300 million tons, at one of its...
Grangex CEO addresses security concerns amid plans to revitalize Sydvaranger mine
Christer Lindquist, CEO of Grangex, acknowledges that the security situation in the Norwegian-Russian border area might deter investors. Lindquist emphasized the uniqueness of the ore...
European Union slashes imports of Russian iron and steel products in 2023 amid sanctions
The main share of imports falls on semi-finished products – 69.4% of the total volume of deliveries In 2023, the European Union reduced imports of...
EU Witnesses an 11% Year-on-Year Decline in Iron Ore Imports in 2023
In 2023, the European Union reduced imports of iron ore from third countries by 11% compared to 2022, to 72.75 million tons. This is evidenced...
Anglo American Broadens Minas-Rio Operations Through Collaboration with Vale’s Iron Ore Resource
Anglo American has reached an agreement to integrate the Vale-owned Serra da Serpentina iron ore resource into its Minas-Rio operation in Brazil. The move will...
Environmental Setback Threatens Jindal Steel’s $2 Billion Iron-Ore Mine Project in South Africa
Jindal Steel & Power Ltd.’s ambitious plan to develop a $2 billion iron-ore mine in South Africa has encountered a significant setback. The environmental application...
