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Decreasing diesel prices cut coal mining operating costs, especially for operators of opencast mines that rely on diesel trucks and other equipment. Low fuel costs particularly benefit countries with mainly opencast mines such as in Indonesia. Average fuel costs declined in 2019 due to lower diesel prices.
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Mining of iron ore, the key raw material for steel, is dominated by Vale, Rio Tinto Group and BHP, which together control about two-thirds of sea-borne trade. Brazil’s Vale, the largest supplier, last month set a precedent by breaking a 40- year custom of selling ore at fixed annual contracts and won a 90 percent price increase from Japanese
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Iron ore extraction at Kishushe, Taita Taveta county, is set to resume after months of closure. The county government on Saturday lifted the over three months ban on mining and accepted Samrudha
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Iron ore exports of $104.4 billion had been strong in the first half of 2021, compared to almost $61 billion for the first half of 2020. This came as a result of higher spot prices for the commodity.
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Mining Minister Dan Kazungu has now written a new strategy that spans 20 years in the hope to see 10% of GDP coming from mining by 2030, and includes plans for up to 20 new mines. The aim is to have 20 more operators, such as Australian Base Resources which is focusing on Kenya, situated in the country over the next 15 years.
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Mining giants shed $109 billion in value as iron ore plummets. Australia’s top three iron ore miners have shed a combined $109 billion in share value…. Jul
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Iron ore with 63.5% iron content for delivery in Tianjin extended gains to trade above $100 per metric tonne at the end of November, moving further away from 18-month lows hit earlier in the month, amid expectations of rising steel production in December. Chinese steel firms are set to raise output for the rest of the year after complying with a raft of strict curbs imposed by the government
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The 200t/h gold ore crushing line is in South Africa, and the crushing line owner has a mining enterprise for crushing, separating or grinding gold ores. 250tph Basalt Crushing Line In Zambia The owner of the 250 t/h basalt crushing line owns a large mining farm in Zambia.
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Decreasing diesel prices cut coal mining operating costs, especially for operators of opencast mines that rely on diesel trucks and other equipment. Low fuel costs particularly benefit countries with mainly opencast mines such as in Indonesia. Average fuel costs declined in 2019 due to lower diesel prices.
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Iron ore prices continued to plunge in recent weeks, sinking to an over one-year low on 5 November, weighed on by subdued steel output and high supply. On 5 November, the benchmark iron ore 62% Fe import price including freight and insurance at the Chinese port of Tianjin traded at USD 94.5 per metric ton (mt), which was 20.3% lower than on the
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With gradual recovery in global iron ore prices, iron ore mining plays a significant role in the economy, accounting for more than 47 percent of total export earnings in 2020. ArcelorMittal, which has invested heavily in the sector, has both iron ore and metallurgical coal reserves in the Mount Nimba range. ArcelorMittal is the only large-scale
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