Ores

Malaysia's Masteel secures financing for green steel production technology

Malaysian banking company AmBank Group has announced that it has provided RM 84 million ($17.7 million) financing to Malaysia-based steel producer Malaysia Steel Works(KL) Bhd (Masteel) to support the latter's technological transformation to green steel produc...

Tuesday, January 23, 2024

Turkish Steel Giant Eyes $5 Billion Investment in Saudi Arabia

Turkish steelmaker Tosyali Holding AS plans to invest as much as $5 billion in a steel plant in Saudi Arabia, part of an expansion spree that includes Algeria, Angola, Senegal and Spain.

Tuesday, January 23, 2024

Emirates Steel and Bahrain Steel sign pellet supply agreement

Emirates Steel Arkan(ESA) and Bahrain Steel Company have signed a five-year, $2bn deal to supply high-quality iron ore pellets.

Tuesday, January 23, 2024

Saudi Arabia and Vale forge groundbreaking partnership for sustainable lron Ore project

In a historic move aimed at bolstering economic ties and fostering mutual growth, Saudi Arabia has officially signed a Memorandum of Understanding (MoU) with the renowned Brazilian mining giant,Vale Company.

Monday, January 22, 2024

S32 Quarterly Report December 2023

S32 Quarterly Report December 2023

Monday, January 22, 2024

South32 misses output estimates, puts Colombia nickel unit under review

The miner on Monday posted a near 50% drop in second-quarter metallurgical coal output as it completed major work at an underground mine at its Illawarra operation, while its quarterly manganese production also missed estimates.

Monday, January 22, 2024

Australian tycoon Forrest shuts nickel mines after prices crash

Wyloo Metals Pty Ltd., the private nickel producer owned by billionaire Andrew Forrest, is shutting down its Western Australian mines due to a sharp slump in prices for the key transition metal.

Monday, January 22, 2024

Australia's nickel producers reel from supply glut

A sharp slide in nickel prices over the past year, driven by a jump in Indonesian supply, has hit Australian nickel producers, leading to mine closures, production cuts and writedowns in recent months.

Thursday, January 18, 2024
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