Posts by Steel Guru:

Mr Putin intervenes to save jobs at aluminum smelter

Reuters reported that Mr Vladimir Putin PM of Russia facing a wave of voter outrage as he prepares a bid to return to the Kremlin intervened to prevent an archaic 67 year old aluminum smelter with 3,500 workers from closure. Mr Putin was informed at a...
Steel Guru | December 11, 2011 | 2:56 pm

Kincora Copper has high hopes for Mongolian deposit

Kincora Copper's flagship asset is the Bronze Fox deposit in Mongolia which is in the same geological neighborhood as the giant Oyu Tolgoi mine just over 100 miles to the North East. Oyu Tolgoi is the world?s largest undeveloped copper deposit whic...
Steel Guru | December 11, 2011 | 2:56 pm

Chinese copper output in November falls by 5pct MoM

Reuters reported that China's production of most base metals fell in November due to reduced demand and low domestic prices with refined copper hitting its lowest level in 6 months. The lower industrial metals output was in line with China's ov...
Steel Guru | December 11, 2011 | 2:56 pm

Mr Karzai invites gold and copper bidders to Afghanistan

The Karzai administration opened bids on billions of dollars worth of copper and gold deposits in four areas of occupied Afghanistan. The Afghan Ministry of Mines invited foreign transnationals to bid on multiple contracts to unearth copper and gold...
Steel Guru | December 11, 2011 | 2:56 pm

China daily crude steel production for late Nov 2011 up 1%

According to statistics from China Iron and Steel Association, daily crude steel production of its members hit 1.5026 million tonnes in late November 2011. Daily output of the whole country is estimated to reach 1.6852 million tonnes an increase of 1.3%.
Steel Guru | December 8, 2011 | 7:37 am

China eyes bigger role in iron ore pricing and hedging

China plans to launch an iron ore swaps business and a physical iron ore trading platform are a clear sign of its desire to take on a bigger role in pricing its biggest import commodity and protect itself against increasing volatility.
Steel Guru | December 1, 2011 | 4:46 am
Report: Big changes coming to Kazakh mining

Kazakhstan now world largest uranium miner

The vast Central Asian nation, larger than Western Europe, produces 33 percent of world’s mined uranium, followed by Canada at 18 percent and Australia, with 11 percent of global output. Kazakhstan contains the world's second-largest uranium reserves, estimated at 1.5 million tons. Until two years ago Kazakhstan was the world's No. 3 uranium miner.
Steel Guru | November 27, 2011 | 12:56 pm

Mokopane iron ore project is a world class asset – Obtala

It is reported that Obtala Resources, the natural resources investment and Development Company has confirmed the presence of robust vanadiferous titanomagnetite mineralization averaging between 40 and 50 metres in thickness at its Mokopane iron ore project.
Steel Guru | November 27, 2011 | 9:24 am

Draft mining bill provides for royalty sharing in India

The Indian government set up a group of ministers to look into the proposed new draft Mines and Minerals (Development and Regulation) Bill, 2011. The cabinet considered the recommendation of the GoM and has approved the draft MMDR Bill, 2011 on 30 September 2011. The benefit sharing model proposed in the new draft MMDR Bill, 2011, is applicable for all mining leases, including those in tribal areas.
Steel Guru | November 27, 2011 | 9:24 am