China steel futures extend gains, iron ore ends flat
Iron ore continues to influence the ferrous complex, steel prices reflect the rising cost of iron ore and producers are passing it on to the consumers.
Iron ore continues to influence the ferrous complex, steel prices reflect the rising cost of iron ore and producers are passing it on to the consumers.
The final effect on seaborne volumes is yet to be seen, but it is likely that an expected increase in exports from Brazil for 2019 will instead be a small contraction.
The output cut is likely to be temporary as the company looks for new ways to mine copper, the report said.
CEO Andrew Mackenzie said it was too early to say what impact the recent Vale tailings dam disaster will have on efforts to restart BHP and Vale's jointly owned Samarco mine, shut since November 2015 after a dam collapse killed 19 people.
The new police unit has already had some success, arresting 11 people and seizing about 60 tons of mineral stolen from the copper mines.
The national disaster management agency has been searching for survivors since the incident in Nimba County last weekend
All so-called upstream dams need to be decommissioned or removed by August, 2021, according to a resolution the National Mining Agency published on Monday.
The utility gives the industry notice to reduce their power consumption by 15–20% when the national grid is at its tightest.
The government declared the accident a disaster.
The company is working with several wearable technology providers so companies can monitor biometric and environmental data to identify whether employees are experiencing dangers or risk, beyond a equipment failure.