Iron ore price down on China’s forecasted steel output decline "One thing is clear, China’s crude steel production in H2 will decline compared to both H1 this year and H2 last year," said CRU Group. MINING.COM Staff Writer | July 29, 2021 | 10:06 am
China demand powers Fortescue shipments to record, beats annual estimate Fortescue shipped 49.3 million tonnes of ore in the quarter ended June 30, compared with 47.3 million tonnes a year ago. Reuters | July 29, 2021 | 9:40 am
RANKED: World’s 10 biggest gold mining companies Many companies are engaged in the gold mining business, but the industry is dominated by a select group of players. MINING.com Editor | July 29, 2021 | 9:40 am
Gupta pays $25 million to end long-running spat with Rio Tinto The dispute with Rio dates back to the miner’s sale of the Dunkirk smelter in France to Gupta for $500 million in 2018. Bloomberg News | July 29, 2021 | 9:37 am
Home: Rio’s lithium project will test mining’s ESG credentials The formula for Kryptonite in the Superman series is the closest match to the lithium-boron chemistry of the Serbian find. Reuters | July 29, 2021 | 9:25 am
Gold price jumps to 2-week high as Fed maintains dovish tone Fed chairman Jerome Powell stated that the central bank is "nowhere near considering a rate hike." MINING.COM Staff Writer | July 29, 2021 | 9:19 am
Vale revises down year-end iron ore output The company revised down its guidance for year-end iron ore production capacity to 343 million tonnes per annum from 350 million tonnes previously. Reuters | July 29, 2021 | 9:14 am
Canada Nickel raises nearly $10 million for Crawford exploration The feasibility study is underway and should be ready by the middle of next year. Canadian Mining Journal Staff | July 29, 2021 | 8:28 am
ArcelorMittal quarterly earnings highest in 13 years on strong steel demand The company said it would start a $2.2 billion buyback programme to be completed by the end of 2021. Reuters | July 29, 2021 | 7:40 am