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Tag: iron ore

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Sydvaranger acquisition: GRANGEX expands amidst Russian ore exodus

The withdrawal of Russian ore from the European market is fueling increased demand for companies like Sydvaranger, according to Christer Lindquist, leader of GRANGEX....

BHP Group ventures into microbial solutions for sustainable steelmaking

In a groundbreaking initiative, mining giant BHP Group is teaming up with Boston startup Allonnia to investigate the potential of harnessing microorganisms to clean...

China’s ambitious Sahara mine project: Rethinking iron ore sources amid economic shifts

Beijing is undertaking a colossal endeavor in the Sahara Desert, aiming to establish a mine that would serve as an alternative to Australian iron...

Rio Tinto teams up with Founders Factory to drive innovation in mining technology

Rio Tinto, a leading mining corporation, has unveiled plans to support the advancement and commercialization of groundbreaking mining technologies. Teaming up with Founders Factory, a...

Simandou iron ore project secures $15 billion financing for crucial infrastructure development in Guinea

According to a report from Bloomberg, shareholders of the Simandou iron ore project in Guinea have recently signed financing agreements totaling $15 billion. This...

Australia’s iron ore industry in the age of sustainable steel production

Australia’s economic powerhouse, its iron ore sector, faces a pivotal moment as its key consumer, China, moves towards reducing its carbon footprint. While iron...

EU direct reduced iron imports surge in January 2024

In January 2024, the European Union experienced a notable surge in imports of direct reduced iron (DRI), marking a 68.4% increase compared to the...

Turkey: Steel producer Erdemir unveils iron ore reserves

Erdemir, Türkiye's leading integrated steel producer, has announced the discovery of significant magnetite iron ore reserves, estimated at 250-300 million tons, at one of...

Magnum Mining & Exploration enters joint venture for Green Pig iron facility in Saudi Arabia

Magnum Mining & Exploration has entered into a shareholders' agreement with Middle East for Metallic Industrial (Midmetal) to jointly develop a Green Pig Iron-making...
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