Italy's Ilva BF 2 to continue production
A court in Taranto, Italy, said today that it has upheld an appeal against the shutdown of blast furnace 2 at Ilva's Taranto steel plant, operated by Luxembourg-based ArcelorMittal.
The furnace had been expected to account for 1.5mn t of the 5mn t due to be produced by Ilva assets in 2019.
Taranto public prosecutors ordered the furnace's shutdown in July, citing unsatisfactory safety improvements after an accident in 2015 under Ilva's previous owners. The asset was scheduled to stop production on 10 October, but in September local authorities granted ArcelorMittal an extension. On 10 December, the Milan tribunal court again ordered a shutdown, but Ilva's administrators appealed, leading to a review.
The decision is crucial for continuing negotiations between ArcelorMittal and the Italian government. The steelmaker said in November that it plans to pull out of the Ilva investment because of the shutdown order and removal of its legal immunity, as well as the challenging market conditions, which have made the assets unprofitable. Many saw the move as a bargaining tool to reduce headcount.
source: Argus Media
Top News
Five last month
Two last year
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Glencore posts lower metals output for first nine months, reiterates outlook
Mercuria eyes equity in African assets, new metals boss says
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Traders see gold as a surefire bet as coin-toss election looms
Gold price surge adds glitter to tarnished miners
Environmentalists sue over US approval of ioneer’s Nevada lithium mine
Gold price shows little reaction to jobs data
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years