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  1. forum rang 10 voda 9 december 2024 08:43
    Rio Tinto Projects Increased Iron Ore Output & Decarbonization Milestones

    Synopsis: Rio Tinto forecasts higher iron ore production and ongoing decarbonization efforts to reduce emissions.
    Monday, December 9, 2024

    Australia-based mining giant Rio Tinto has provided its production outlook for the Pilbara region in Western Australia, projecting an output of 323–338 million metric tons for the current year and the upcoming 2025 period. The company is confident that its performance in iron ore production will continue to rise, driven by advancements in its operational systems and its ongoing commitment to sustainability. With a focus on improving productivity and reducing environmental impact, Rio Tinto is positioning itself to meet growing global demand for iron ore while also addressing the challenges of climate change.

    The company’s forecast includes a significant boost in production, with expectations that its iron ore output will increase by 5 million metric tons annually in both 2024 and 2025. This growth in output will result in a cumulative increase of 15 million metric tons over the next three years. The increased production is expected to come from Rio Tinto’s ongoing efficiency improvements at its Pilbara operations, particularly through its "Save Production System," a method designed to streamline processes, reduce waste, and enhance overall productivity. This system has been a key driver behind Rio Tinto’s continued operational success in the highly competitive iron ore market.

    Voor meer, zie link:

    www.oreaco.com/steel/rio-tinto-projec...
  2. forum rang 10 voda 3 januari 2025 08:30
    Vale's BRL 1.7 Billion Settlement Paves Way for New Railroad Projects

    Synopsis: Brazilian miner Vale, along with ANTT and the Ministry of Transportation, has reached a deal to pay an additional BRL 1.7 billion ($275 million) for the Carajás and Vitória-Minas rail concessions, following a dispute over terms set in 2020. This agreement, which includes new investment in rail infrastructure, is still pending approval from Brazil's Supreme Court.
    Friday, January 3, 2025

    Brazil's mining giant Vale has reached a crucial agreement with the country’s land transportation agency, ANTT, and the Ministry of Transportation regarding the company's rail concessions. Vale will pay an additional BRL 1.7 billion ($275 million) as part of a larger negotiation surrounding the Carajás (EFC) and Vitória-Minas (EFVM) railroads, which are essential for transporting iron ore from Vale’s mines to the ports.

    This deal follows a dispute regarding terms established in December 2020, when the Brazilian government extended the concessions by more than 30 years. However, the extension was met with criticism from the current administration, which viewed the terms as excessive and out of alignment with the nation’s long-term transportation strategy.

    Voor meer, zie link:

    www.oreaco.com/steel/vales-brl-1-7-bi...
  3. forum rang 10 voda 21 januari 2025 07:30
    BHP’s Half-Year Operational Review: Record Copper & Coal Production, Strategic Growth in 2024

    Synopsis: BHP has demonstrated strong operational performance in the first half of FY 2024, with significant increases in copper, iron ore, and steelmaking coal production. Copper output rose by 10%, reaching a 10-year production record at Escondida, while iron ore shipments from Western Australia achieved a new high. Additionally, steelmaking coal production increased by 14%. The company made notable progress in its future-facing commodities, especially copper and potash, and is on track for continued success into the second half of the year.
    Tuesday, January 21, 2025

    Voor meer, zie link:

    www.oreaco.com/steel/bhps-half-year-o...
  4. forum rang 10 voda 31 januari 2025 07:31
    Glencore Reports Solid 2024 Performance with Strategic Acquisitions & Stable Production

    Synopsis: Switzerland-based Glencore has announced its production results for 2024, with stable ferrochrome output, a boost in coal production, and significant growth in steelmaking coal. The company also made key acquisitions, including Elk Valley Resources, and expanded its mineral reserves, particularly in copper, bauxite, and steelmaking coal.
    Friday, January 31, 2025

    Voor meer, zie link:

    www.oreaco.com/steel/glencore-reports...
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