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Turckey imported scrap market remains silent on dull finished steel demand
Turkish steel mills extended silence this week for bulk scrap bookings. The last deal concluded by a West Marmara based steelmaker for European origin bulk cargo, comprising of HMS (80:20) at $284/t CFR Turkey. In another deal, a Western Marmara based steelmaker had...
Vale CFO confirms iron ore production target
Vale is maintaining its production target of approximately 310 million tonnes of iron ore in 2020, chief financial officer Luciano Siani Pires said in an interview with Bloomberg Television. In September, iron ore exports from Brazil hit its highest level since 2015....
Newcrest approves flagship Cadia mine’s expansion
Newcrest Mining Ltd’s board has approved the second-stage expansion of its flagship Cadia gold mine and Lihir mine’s front-end recovery project, Australia’s top gold producer said on Friday. The projects, estimated to cost about $236 million, will boost gold...
Sumitomo to sell stake in Sierra Gorda copper mine
Japanese miner Sumitomo Metal said on Thursday it was reviewing its strategic options regarding its minority stake in Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM (WSE: KGH). The Asian giant said that selling its 45% holding in the...