Sunday, June 30, 2019

According to Mining News Pro – In June 2019, the company’s sales has grew by 189 percent compared to the same period last year. Similarly, the company`s sales rates grew significantly in the first quarter of this year. Sales rate of the company’s girder and billet grew by 2 and 11 percent in June, compared to May.

In Q1 of this year, this company produced more than 230 thousand tons of girder, 150 thousand tons of rebar, 16 thousand tons of crank and 3450 tons of rail. The company sold 208 thousand tons of girder, 150 thousand tons of rebar, 187 thousand tons of billet, 15 thousand tons of crank and 520 tons of rail.

The company also produced 224 tons of molten cast iron in the blast furnace.


Mining News Center

Wednesday, June 26, 2019

According to Mining News Pro – The two-boom jumbo DD320S combines THC560 hydraulic drilling controls, a B26XLF boom and HLX5 rock drill with 20 kilowatts of impact power for heavy-duty drilling and bolting.

It is optimised for bore holes between 43 millimetres and 64 millimetres and reaming holes between 76 millimetres and 127 millimetres. The drill’s diesel engine and layout are similar to Sandvik’s existing DD321 technologies, ensuring spare parts across the fleet.

The DD320S also includes several safety features, such as the option of a roll-over protective structure (ROPS) of falling-object protective structure (ROPS) operator cabin, in addition to standard ergonomic hand rails and anti-slip stairs.

Optional movement prevention switch and access detector and a newly implemented compressor thermal monitoring system are also available.

“The new Sandvik DD320S is designed to meet the needs of both mining and tunneling construction customers, customers who appreciate high drilling performance together with reliability and low operating costs through proven components and simplicity of design,” Johannes Välivaara, product manager for underground development drills at Sandvik Mining and Rock Technology, explained.

The drill has been tested successfully by contractor Sargin Construction and Machinery at the Esan Balya mine in Turkey.

Välivaara said the outcome of the tests at the mine were well above the benchmark when compared with other original equipment manufacturer (OEM) machines in operation at the mine.

“At the end of the trial both we and the customer were very impressed about the figures,” Välivaara concluded.


Source: www.australianmining.com.au

Sunday, June 23, 2019

According to Mining News Pro – This contract includes selling 50 thousand tons of pellet with 64 percent of the grade.

The 50 thousand tons of cargo will be carried in July 2019.

In the 2019 financial year, Ispat and Godawari Company produced 19.3 million tons of pellet, up by 5 percent comparing to the last financial year. The company is focusing on producing high grade pellet.

Jindal Steel & Power also conducted a tender offer in Eastern India for 50 thousand tons of pellet export with 64 percent of grade, According to the reports; this tender offer will be held this week with CFC of 131 dollars.

The study shows that the export price of Indian pellet from India to China has grown compared to the last week and increased from $128 CFR to $131 CFR.

Due to demand increase of Chinese companies and supply reduction in the ports, the price of India’s pellet has increased. Chinese steelmakers are seeking to reduce the price of raw materials.

The export volume of India’s pellet in 2019 financial year is about 1.1 million tons with 34 percent growth compared to the last year. It means that India has exported 880 thousand tons of pellet each month.


Mining News Center

Saturday, June 22, 2019

 

According to Mining News Pro – The loading of over 55,000 t of high grade >65% Fe concentrate was completed on June 16, sailing the same day. This maiden shipment will be delivered to customers in China, with a second shipment expected to leave soon on MV Ultralaz carrying around 62,000 t of concentrate.

Sierra Leone’s Minister of Mines and Minerals, Rado Yokie, said: “Today is a historic day. As Marampa Blue is a very high-grade ore, and coming from Sierra Leone, it sends a good signal to the world that this country is ready for business.

“It is a feather to Sierra Leone’s mining cap.”

Craig Dean, Chairman of Gerald Group and SL Mining, said: “This is a proud day and a key milestone for SL Mining, and for our employees and contractors who have been working on this complex project to restore production of iron ore at the Marampa mine, alongside local communities and the Government of Sierra Leone. I would like to thank everyone involved.”

He continued: “SL Mining forms an important strategic asset in Gerald Group’s global portfolio. Our goal is to make ‘Marampa Blue’ an internationally recognised premium grade iron ore brand. As we continue to build on our progress so far, to deliver sustainable and responsible mining in Marampa, we intend to expand the delivery of high-grade >65% iron ore concentrate to markets in Europe and Africa.”

Located in the Port Loko District, in the northern province of Sierra Leone, SL Mining is engaged in the exploration, development and production of ‘Marampa Blue’ concentrate. The company was awarded a renewable Large-Scale Mining Licence granted under the Mines and Minerals Act, 2009, in March 2017 for a term of 25 years.

The company said: “Together with Gerald Group’s international expertise in metals, finance, strategic investments and experienced management teams and employees, SL Mining aims to build a resilient and long-life iron ore mine in Sierra Leone and to expand operations by integrating mining, processing and rail and port logistics, alongside playing a responsible role in the economic and social stability of the Lunsar region.”


Source: www.im-mining.com

    Saturday, June 15, 2019

According to Mining News Pro – The price of the steel-making commodity has now risen nearly 50 per cent since January and over eight per cent in this month alone.

SP Global reported the breakthrough of $USD110, which is the highest iron ore price seen since April 2014 and comes as a flow on effect from supply disruptions from top exporters in Brazil such as Vale.

Global iron ore supply is still in the midst of recovering from Vale’s tailings disaster, which became a catalyst for a global deficit in the commodity.

Australia’s iron ore majors have continued to surge off the back of higher prices of the commodity, with Fortescue Metals Group share price increasing 3.4 per cent overnight to $8.63.

The company is now up over 85 per cent this year and is thriving alongside other giants of the industry.

Rio Tinto enjoyed a 1.8 per cent rise to $103.7, representing a 22.54 per cent share price growth this year.

BHP were also up 1.3 per cent overnight to $40.1, with the company up over 20 per cent this year too.


Source: www.australianmining.com.au

Sunday, June 2, 2019

 

According to Mining News Pro – Mehrdad Tavalaeiyan, Esfahan Steel’s Deputy of Operation, mentioned that the company plans to increase the production of cast iron.

“We produce 230 thousand tons of cast iron each year and this trend will continued until the first half of the year. The production volume may vary each month but until 22, September we will produce 3 million tons of cast iron”, he said.

He emphasized that the export rate of Esfahan Steel Co (ESC) will increase between 30-40 percent this year.

Tavalaeiyan said that there is no problem between the demand and supply in rebar and girder sector.

“Currently, there is no problem with girder and rebar production and ESC intends to increase the production volume for better supplying the domestic demands. The US sanctions does not have any effects on production and export of Esfahan Steel Company. We are the only company that uses blast furnace for producing steel.”


Saturday, June 1, 2019

According to Mining News Pro – Hasan Asgharipour, the expert of measuring system repair of hot rolling products said: “Producing such a product, for supplying the demands of customers, needs a modern and equipped production line.”

He insisted that this project solves the problems of production lines and a 240 thousand euro cost for buying the devices.

“This success was the result of cooperation between many sectors like hot rolling gauge, process control, central repair shop, radiation and electronics laboratory and support of local manager and we appreciate it.”

Amir Goudarzi, Head of Hot Rolling Process Control said: “This is a great achievement for us. Even with the limits on the transfer of knowledge and technology, we could overcome many problems by using our knowledge and skills.


Downturn in Iran’s Copper Production

M ajor Iranian copper producers produced an aggregate of 102,163 tons of copper concentrate in the first Iranian month (March 21-April 20) to register a decrease of 5% compared with last year’s same month.

Sarcheshmeh Copper Complex was the biggest producer with 63,018 tons, down 6% YOY; followed by Sungun Complex with 28,305 tons, up 5% and YOY; and Miduk with 10,840 tons, down 23% YOY, Iranian Mines and Mining Industries Development and Renovation Organization’s latest report shows.


May 25, 2019 17:21