On June 30th, foreign power reported that the state-owned Zambian ZCCM Investment Holding Company announced in its 2022 financial report on its official website on Friday that the Mopani copper mine in the country experienced an increase in losses last year and a decrease in copper production. The copper mine is seeking new investors. ZCCM stated that the copper mine's losses ex...
In May, China's import of coking coal increased by 47.3% year on year, Anthracite increased by 63.4%. The latest data released by the General Administration of Customs shows that in May 2023, China imported 6.725 million tons of coking coal, a year-on-year increase of 47.3% and a month on month decrease of 19.8%. From January to May 2023, China imported a total of 37.868...
P M Prasad, Chairman and General Manager of Central Coalfield Company (CCL), a subsidiary of Indian Coal Company (CIL), stated that by the fiscal year 2025-26, the coal production of CIL is expected to increase to 1 billion tons, and stated that with the increase in domestic coal production, India's non coking coal imports may significantly decrease in the future. Last year, the ...
In the first quarter of 2023, the total production of Nornickel copper (including the Bystrinsky copper mine project) was 109000 tons, an increase of 18.8% year-on-year. All production was self-sufficient in raw materials, mainly due to the low base in the first quarter of 2022, when a furnace at Norilsk copper plant underwent regular maintenance and repair. The production target fo...
Production situation of the steel industry According to data from the National Bureau of Statistics, from January to February 2023, China produced 144.2610 million tons of pig iron, a year-on-year increase of 7.30%; Production of crude steel reached 168.696 million tons, a year-on-year increase of 5.6%; The production of steel reached 206.255 million tons, a year-on-year increase of 3.6%. Iron o...
The dominant inventory of silver mainly includes LBMA inventory, COMEX inventory and the inventory of Shanghai Futures Exchange and Shanghai Financial Exchange. London is still the main trading market for silver spot, and the silver inventory level is far higher than COMEX and domestic exchanges. Since 2016, the highest level of LBMA inventory is about 36700 tons, the highest level of the t...
Zijin Mining's Kamoa-Kakula copper mine in the Democratic Republic of the Congo (DRC) produced copper metal in the concentrate in 2022 increased by 215% year-on-year to 333497 tons, reaching the upper limit of the production guidance target of the year (2.9-34 million tons). It is planned to carry out linkage test run in April 2023, accelerate the realization of the capacity of 9...
Rio Tinto has completed a US $3.3 billion deal to acquire the resources of Turquoise Hill, a Canadian mining company, and is currently the major shareholder of Oyu Tolgoi copper and gold mine in Mongolia. The Montreal - based Rio Tinto shareholders approved the deal last Monday, which gave Rio Tinto 66% direct control over the world's largest known copper and gold mine. The remaining 34...
Rio Tinto announced that it had reached an agreement with some funds and entities related to Pentwater Capital Management and SalingStone Capital Partnership to vote at the special shareholders' meeting to acquire 49% of the outstanding shares of Turquoise Hill Resources. Rio Tinto proposed to acquire its outstanding shares of urquoise Hill for US $3.3 billion, hoping to acquire ...
With the development of high and new technology, the demand for silver in strategic emerging industries has increased significantly, which has the attribute of strategic scarce resources. Silver is an important precious metal with three attributes of currency, investment and commodity. It is estimated that the total global demand for silver will reach 1025 million ounces...
China's primary aluminum output increased by 2.1% year-on-year from January to August, reaching 26.47 million tons, while the output of 10 major non-ferrous metals including aluminum in the same period was 44 million tons, up 1.9% year-on-year
Silver Mines Ltd, an Australian mining company, recently announced plans to mine its Bowdens Silver silver mine in New South Wales, Australia, which is the largest silver mine in Australia in the past 20 years. Bowdens Silver is the largest known and undeveloped silver mine in Australia, which is rich in metal resources. At present, Silver Mines Ltd has completed a lot of early exploration ...
Altus Strategies, which is listed on the Australian Stock Exchange and the Toronto Venture Capital Exchange at the same time, announced that the preliminary exploration of the Azrar, Izoguza and Tata projects it acquired in Morocco found high-grade copper and silver mineralization. These three projects are located in Anti Atlas in western Morocco. They were and are copper and silver ...
According to the Energyprom website of Kazakhstan, in the first quarter of this year, the mining volume of gold ore in Kazakhstan reached 7.1 million tons, an increase of 26.4% year on year. Among them, the mining volume of three states, namely, Accra, Karaganda and East Kazakhstan, accounts for 79.3% of the total. Kazakhstan's gold concentrate output in the first quarter reached 124800...
From January to May, China's foreign trade volume increased by 8.3% year-on-year, reaching 16.04 trillion yuan (2.51 trillion US dollars). According to the latest published data, the export volume increased by 11.4% to 8.94 trillion yuan, and the import volume increased by 4.7% to 7.1 trillion yuan.
Over January-April, China's total output of raw coal for all uses rose 10.5% on year to 1.45 billion tonnes, while its coke output declined 2.7% on year to 155.2 million tonnes, according to the latest release by the country's National Bureau of Statistics on May 16.
Over January-April, China's foreign trade value posted a 7.9% on-year increase to Yuan 12.58 trillion ($1.98 trillion) in total. Within the total, China's exports value gained 10.3% on year to Yuan 6.97 trillion, and that of imports rose 5% on year to Yuan 5.61 trillion, according to the latest data
China's iron ore imports in January-March totaled 268.4 million tonnes, down 5.2% on year, according to the data released by the country's General Administration of Customs on April 13.
China's gross domestic product (GDP) grew 4.8% on year to Yuan 27.02 trillion ($4.24 trillion) for the first quarter of this year, with the growth rate up 0.8 percentage point from Q4 last year, indicating that the country's economy continued to recover, according to the latest release from the country's National Bureau of Statistics on April 18.
China imported a total of 181.1 million tonnes of iron ore over January-February, flat compared to the first two months of last year, according to new statistics released by the country's General Administration of Customs on March 7. China's Customs has combined January and February foreign trade data since 2020, to synchronize with data released by China'...
