The mining industry remains an important sector for employment, federal Minister for Resources, Water and Northern Australia Keith Pitt said, pointing to a big increase in the number of Australians employed in the sector.
India’s state-owned manganese ore company Moil increased the price of manganese ore shipped from February to March by 5% compared with January, in line with the rise in global manganese ore prices.
ASX-listed Nickel Mines has completed the first stage of its investment in the Angel nickel project, in Indonesia, acquiring a 30% interest, making plans to increase its ultimate shareholding from 70% to 80%.
As the mining sector undergoes significant technological shifts, exacerbated by the Covid-19 pandemic, a new report reveals an encouraging people-centric, Fourth Industrial Revolution- (4IR-) enabled approach to the modernisation of the sector.
Japan’s exports of scrap steel reached an 11-year high of 9.39 million tons in 2020, driven by increased demand from Bangladesh, Vietnam and Taiwan, according to Japan’s Ministry of Finance.
U.S. Steel Corp. recently bought the remaining 50.1% of Big River Steel. The acquisition cost $774 million, while U.S. Steel spent about $700 million when it acquired a 49.9% stake in Big River Steel in November 2019.