- Write by:
-
Tuesday, January 25, 2022 - 13:09:25
-
385 Visit
-
Print
Mining News Pro - Australian iron ore miner Fortescue Metals Group on Tuesday posted a 2% rise in second-quarter shipments, but flagged pressures from strong demand for labour and resources, as well as supply chain constraints due to the pandemic.
The world’s fourth-largest iron ore miner shipped 47.5 million tonnes (mt) of the steel-making commodity in the December quarter, compared with 46.4 mt a year earlier.
Sign Up for the Iron Ore Digest
Bigger rivals BHP Group and Rio Tinto have also warned of disruptions from coronavirus-induced labour shortages as Australia faces a surge of Omicron cases.
The slightly upbeat production result came against the backdrop of stricter environmental and production controls as well as a property sector crisis in China, which have weighed on forecast for steel demand.
Fortescue, run by billionaire Andrew Forrest, left its annual shipments forecast unchanged.
Short Link:
https://www.miningnews.ir/En/News/619485
Oxford Economics Australia has released data showing mine maintenance spending may be hitting its peak. But what does it ...
Iron ore futures fell to their lowest in more than two weeks, pressured by an inventory accumulation at Chinese ports ...
Anglo American’s key South African shareholders are open to a takeover offer from BHP, with some advocating for an ...
Japan’s top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy US Steel, which it ...
Anglo American’s key South African shareholders are open to a takeover offer from BHP, with some advocating for an ...
A Brazilian federal court rejected a request made by the country’s solicitor general’s office asking that miners Vale, ...
Imports of iron ore by China, the world’s biggest buyer, in 2024 are expected to be around 1.17 to 1.18 billion metric ...
BHP’s plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed ...
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time ...
No comments have been posted yet ...