India's Sail lifts 2019 iron ore output

Sail produced 14.52mn t of fines and 7.48mn t of lump in 2019. Iron ore output from the company's captive mines in the eastern states of Jharkhand and Odisha feeds Sail's steel plants. The company is India's second-largest iron ore producer, after state-owned iron ore mining company NMDC. India recently allowed Sail to sell a portion of its iron ore output commercially for the 2019-20 and 2020-21 fiscal years, starting on 1 April, in light of potential supply disruptions as leases of 36 mines in India expire in March 2020. Sail will be allowed to sell 7mn t ore in 2019-20. Sail has offered iron ore cargoes via auctions since the end of November although no details are available on Fe grades offered or sale volumes. Sub-62pc Fe grades typically do not have many takers in India, as mills and pellet producers prefer high-grade fines and lump. By Prasenjit Bhattacharyasource: Argus Media

India's Sail lifts 2019 iron ore output

Copper slips as US data stokes worries about rate-cut policy

El Salvador sitting on $3 trillion worth of unmined gold, president says

Gold price could extend record run into 2025, Heraeus says

Trump tariff risk roils gold and silver as New York prices jump

Rio Tinto’s $2.5 billion lithium plan is a win for Milei

Copper price jumps on China policy, but we’ve been here before

Zimbabwe wants 26% free-carry stake in new mining projects

Glencore ties up with Cyclic Materials in copper recycling push

Lithium supply surplus set to stay with battery makers’ help

China tightens rules to curb methane emissions from coal mines

Rio Tinto, BHP, and BlueScope to build ‘green iron’ plant

Arcadium Lithium investors sue miner over Rio Tinto takeover

Skeena advances Eskay Creek permitting, unlocks Orion funding

US foreign investment panel split on Nippon-US Steel deal

Norge Mining acquires Europe’s largest natural graphite producer

Australia’s CEFC invests $75m in homegrown critical minerals

Forensic technology aids Brazil’s crackdown on illicit Amazon gold trade

Mobarakeh steel is producing green steel through scrap recycling

BHP seeks Brazil growth to emerge from shadow of mining disaster

Norilsk Nickel plans to sell all it produces in 2025