Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI
Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.
Tenova TAKRAF has won a turnkey contract for the supply of one SRs2000 bucketwheel excavator for the coal mine extension operated by the Zhahanaoer branch of the CPE Mengdong Energy Group. The Zhahanaoer coalfield lies at the northwest end of Togliao city in China’s Inner Mongolia Autonomous District. The open pit mine is situated on a the ridge of the southern part of the Daxing’an mountain range. In this region the tough climate is characterised by temperatures varying from +39°C down to -39°C. The coal mine covers an area of 31.36 km² and holds an estimated coal reserve of 827.93 Mt of lignite extracted at various levels from 85 to 356 m depth. (more…)