- Write by:
-
Tuesday, September 18, 2018 - 11:09:23 AM
-
1163 Visit
-
Print
Mining News Pro - According to National Bureau of Statistics, China - world`s largest iron ore consumer and importer of iron ore has witnessed production at 519.99 MnT for Jan-Aug`18, down 66% as against same duration previous year (Jan-Aug`17) at 863.22 MnT.
According to Mining News Pro -China`s iron ore production has come down amid closure of mines. Due to imposed strict govt. regulation to control smog related problems China has started revoking a decent number of iron ore mines licenses in Oct`17. Miners are forced to upgrade the mining process to match the guidelines given by the China govt.
On yearly basis, crude iron ore production was 64.66 MnT in Aug`18. The production has declined by 44% compared to 115.49 MnT in Aug`17.
However, on monthly basis the production stood in line with July`18 production at 64.76 MnT.
Monthly average global iron ore fines prices up 5% M-o-M:
Average global iron ore fines (Fe 62%) prices in Aug`18 recorded at USD 68/MT, CFR China, up by 5% on monthly basis as against July`18 price at USD 65/MT, CFR China.
Short Link:
https://www.miningnews.ir/En/News/264883
A Russian arbitration court ruled on Monday that four units of Swiss commodities trader Glencore will pay more than 11.4 ...
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Chile’s state-run miner Codelco plans to select a partner for a future lithium project in one of the country’s top salt ...
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted ...
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a ...
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police ...
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply ...
China’s state planner on Friday finalized a rule to set up a domestic coal production reserve system by 2027, aimed at ...
No comments have been posted yet ...