Nuggets

2011 steel scrap statistics according to the latest Ferrous Metals World Mirror

Tung Li — Wed, 16 May 2012 10:05:18 +0000

In 2011, Turkey, South Korea and China increased substantially their scrap imports by an average of 11% while the USA, the world’s top scrap exporter, increased its shipments abroad by 18.6% during the same period. These statistics were according to the latest Ferrous Metals World Mirror by the BIR.

In terms of steel scrap consumption, both the EU-27 and Turkey increased their steel scrap usage which outstripped their respective upturns in crude steel production. In contrast, scrap consumption in China climbed only 3.3% to 91 million tonnes whereas the country’s crude steel production jumped 9.1% to 683.9 million tonnes.

Find out more about industry trends in both ferrous and non-ferrous scrap metals at the World Scrap Metal Congress 2012 held in Shanghai, China on 20 and 21 September. Get all the updated news, access emerging supplier markets and explore new trading opportunities with global and Asian partners at the conference!

What are the current hottest trends in the #mining industry?

Carly — Wed, 16 May 2012 08:33:37 +0000

We asked mining trainer Dr Willem Smuts what he considers to be the hottest trends in the mining industry at the moment. Here’s his response:

I’d say the bulk commodities because nobody can get enough. The space-age metals, lithium, rare earth elements and tantalum, as well as gold and diamonds. The world is heading for a serious supply crunch in the near future and there are no new large mines on the horizon, while the large producers are getting old and very expensive. The new mines coming on stream are typically small with limited life-of-mine.

Willem has held training courses across the globe and trained top companies such as Vale, BHP, Canaccord, Aggreko and First Quantum.

To find out more about the latest trends in the mining industry and to discuss these with Willem himself, don’t miss out on the 3 Day MBA in Mining, taking place in various locations throughout the year.

Download post event report for 2012 Asia #Mining Congress

winnie — Mon, 14 May 2012 08:30:52 +0000

The 8th annual Asia #Mining Congress 2012 in March was yet again a record-breaking success with an unprecedented number of resource-oriented investors, financiers, junior to large cap miners and regulators in attendance.

Click here to download a copy of the post-event report and have a look at what happened at the Asia Mining Congress this year.

Save the dates now and join us in 2013 – The 9^th annual Asia Mining Congress will take place from 12 – 15 March 2013 at Marina Bay Sands, Singapore.

Join leading #mining strategy and investment organisations at Africa Mining Congress

Julie Knowler — Fri, 11 May 2012 07:27:50 +0000

Africa Mining Congress is the leading conference on mining investment and strategy in Africa. It’s about finding the right mining projects and accessing funding and finance in Africa.

Join the following companies already registered:

Control risks, Kenya chamber mines, Botswana chamber of mines, Exporien, Africa Development Bank, Glencore, Sierra Leone, Beijing Axis, China Mining United Fund, World Mining Investment Limited, Xstrata, DRDGold, Arcelor Mittal, Utho Capital, IMAC Ltd, Pan-African Private Equity Fund, Ghana Chamber of Mines, Arkein Capital, ENRC, Chamber of mines:Zimbabwe, Gabon ministry, Sierra Leone, De Beers Consolidated Mines, Geological survey of Ethiopia, Ministry of energy and mineral – Tanzania, Ministry of Mines, Madagascar, Ministry of Mines and Mining Development, Zimbabwe, Partners in Performance South Africa, Sino Resource Co. Ltd, Tenova TAKRAF, Debabs Inverstment, BNP Paribas , MRI Botswana Limited, Flow Valve Ltd, Ametrade South Africa, SABRIC, Shierosck Company Limited, WestLB AG.

10 reasons to Attend Africa Mining Congress:

Explore the untapped potential of mining in Central Africa
Learn how to improve your returns in Copper
Understand how policy will impact your investment
Do business with local and foreign investors
Attract investment into your region
Get updates on profitable projects in Africa
Get listed on the stock exchange
Find out the key drivers to investment
Learn how indigenisation will impact your investment
Learn how to position your country as a World class mining destination

Download the final agenda

For more visit www.terrapinn.com/miningafrica

#Ma’aden plans $6.9bn phosphate complex

sally — Thu, 10 May 2012 07:28:29 +0000

When I came across this article, I was excited to hear that Ma’aden are really ramping up their mining projects. It really puts the spotlight on the Middle East as a hot mining destination.

What is interesting about the implementation of the King Abdullah Project is that it is also planning on developing commercial, housing and educational facilities. This in turn means that mining projects on such a large scale can really contribute to the well-being of whole communities and help create jobs and better living standards.

Ma’aden is the largest mining company in Saudi Arabia and they are really setting an example to other local mining companies in the Middle East and North African (MENA) region.

I for one will certainly be keeping an eye on the developments of the $6.9 billion phosphate project.

Interested in Ma’adens mining projects? Click here to listen to their latest updates

Iron ore price in China sees a further drop

ameliayeo — Thu, 10 May 2012 01:55:46 +0000

The Ministry of Industry, the State Council Development Research Centre and industry experts predict that an oversupply of iron ore will cause a continual drop in prices. Although this is so, The Vice President of China Steel Industry Association, Wang Qi, felt that the price volatility will be much less than last year. In the first quarter, the national sees a growth rate drop of 2.8%, mainly due to the fall in demand for automotive, cement, machinery and electronic products. The number of steel producers in China have increased greatly over the years, causing vicious competition and the need to cut prices. The booming growth in iron ore a few years ago has attracted many traders to jump onto the bandwagon to earn the extra cash. The only apparent way to resolve the oversupply is for non-competitive enterprises to exit the industry, and to accelerate the technology development process to produce low cost and high quality steel products and services.

This is an abstract from MySteel’s article ‘今年铁矿石价格总体将波动走低’. MySteel is a professional steel website dedicated to providing a realtime news portal to China’s steel market, one of the fastest-growing markets in the world. If you want to subscribe to MySteel’s information and updates on steel prices and news, you can email to plinyshi@yeah.net or call +86 21 2609 3879.

If you are keen to meet Chinese scrap metal buyers and sellers, don’t forget to join us at World Scrap Metal Congress! Download the 2012 agenda here.

A golden opportunity: #Mining Burkina Faso

katie — Tue, 08 May 2012 06:13:43 +0000

I read an interesting article on Mining Journal Online this morning, about recent growth in mining in Burkina Faso. Although the country’s mining sectors are young (its Chamber of Mines was only officially inaugurated in September last year), Burkina Faso’s mining industry has grown in leaps and bounds over the past four years. In fact, the country’s government has put in place development programmes in recent years involving infrastructure investment, to encourage further exploration.

As Mining Jounal reports, “research from Metals Economics Group (MEG) shows that in 2011, exploration budgets rose to a record in all regions globally, with Africa showing the biggest annual percentage gain. Among the most active countries in Africa was Burkina Faso, which rose from twelfth place in 2009 to third on MEG’s latest list of World Exploration Trends”.

Gold is the main commodity produced in the West African country, with output having increased steadily since the revival of commercial production there nearly five years ago when the Taparko-Bouroum mine poured its first gold. However, zinc mines are also being developed in the country, with other notable mineral occurrences including manganese, copper, nickel and antimony.

You can access the full Mining Journal article here.

We’ll be covering mining in Burkina Faso at this year’s MENA Mining Show, with a case study from Canadian miner, Riverstone Resources. Director, President and COO, Dwayne Melrose, will take delegates through the company’s experiences in Burkina Faso, operating the Karma Project in the North of the country.

Steel wire industry to be driven by Asia Pacific demand

Tung Li — Tue, 08 May 2012 05:56:30 +0000

Emerging Asian markets, excluding China, are expected to drive the growth of steel wire markets to US$27.9 billion by 2017. According to the Steel Wire Market report by Global Industry Analysts, infrastructure expansion and higher disposable incomes leading to greater ownership of consumer durables and cars in these markets comprise the primary factors driving the rise.

American demand for the metal is also expected to improve along with the gradual recovery in the construction and automobile sectors. In all, the global steel wire market is expected to grow in response to the expected compounded annual growth rate of 5.4% for the Asia-Pacific region, led by markets such as China, South Korea, India and Indonesia.

Top 5 sources of information on mining for the Middle East and North Africa

sally — Thu, 03 May 2012 10:53:43 +0000

The world wide web is quite scarce when it comes to providing information on the mining sector in the MENA region. I know this because being the conference manager for the MENA Mining Show, I have had difficulties in conducting my own research into this topic area.

So, I would like to recommend the following which are most useful for me in terms of keeping up to date on anything to do with mining in the region:

I hope these prove as useful and informative as they are to me! What would be your top 5 sources?

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