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Steel: POSCO restarts CR steel mill No. 2 and electric steel mill No. 1
South Korean steelmaker POSCO Group announced that it has restored and restarted Cold Rolled Steel Plant No. 2 and Electric Steel Plant No. 1 in Pohang, after being suspended in September last year due to the fire caused by Typhoon Hinnamnor. Cold steel mill No. 2,...
Crude steel: China’s production will decline by 2.2 percent in 2022
At the 18th China Steel Industry Chain Summit held in Beijing, Qu Xiuli, vice-president and secretary-general of the China Iron and Steel Association (CISA), said China's crude steel production in January-November last year was 935 million tons, down 1.4% from the...
First Quantum may suspend workforce in Panama due to government order to halt operations
Canadian mining company First Quantum said in a statement that it will suspend a "significant amount" of its workforce at its operations in Panama if the Central American government forces it to halt operations during a contract dispute. "If we were to reduce...
Strong growth in mining investment in Peru
The Peruvian Ministry of Energy and Mines (Minem) released the latest Mining Statistical Bulletin showing that accumulated mining investment increased by 3.2 percent through November 2022, reaching $4.6 billion compared to $4.4 billion a year earlier. November was, in...