Metallurgy news

• China recovers flammable ice from the bottom of the South Sea for the first time After nearly two decades of exploration and exploration, China has successfully mined the so-called "flammable ice". The country's authorities qualified the result as a major breakthrough that could lead to a global energy revolution. This type of natural gas hydrate was discovered in the South... 19.05.2017  12:39

• Freeport: copper demand remains strong According to the CEO of Freeport-McMoRan Inc. (FMCG), copper demand remains strong in China, and improvements have been seen in Europe and North America. Since mid-April this year, Freeport's Indonesian division has experienced high absenteeism, which has negatively impacted the mine's... 19.05.2017  12:08

• Vale closes nickel mine in Canada One of the world's largest mining companies, Vale, plans to close its Birchtree nickel mine in Manitoba province by October 1, due to low nickel prices and low grade. The company also indicated that the 51-year-old Birchtree nickel mine is approaching depletion as a reason. Vale said in a... 19.05.2017  12:00

• China is building a mega-city The new project will require large quantities of steel, copper and other materials, and the city's area will be almost three times the size of New York. Beijing's Belt and Road Initiative to create the Eurasian Trade Route has already started, but the infrastructure development program is facing... 18.05.2017  14:41

• Commission examines issues of abuse of Gazprom's monopoly position The EU Commission announced in March that Gazprom has made commitments to ensure the free flow of gas at competitive prices to European countries. Poland, Ukraine and other countries affected by the gigantic monopoly practice were disappointed that Brussels decided not to impose fines. The deadline... 18.05.2017  13:13

• Copper is getting cheaper this is not the end of falling prices Copper on the London Metal Exchange fell by $ 5 per tonne, maintaining the downward trend in prices, however, this process can be much stronger. Metal on the LME with 3 months' delivery sells for $ 5606.00 per tonne. Risks to the copper price include a possible further slowdown in the Chinese... 18.05.2017  11:52

• Tata Steel removes obstacles to merger with ThyssenKrupp in Europe Tata Steel and the trustees of the British Steel pension plan have agreed on key terms for a regulated pro-rata mechanism. If an agreement is reached, the company will pay £ 550 million ($ 710 million) to British Steel's Pension Scheme and sponsor a new pension plan, the company said. Tata Steel ... 17.05.2017  10:55

• Exports of scrap metal in Russia fell year-on-year According to statistics, Russian scrap metal exports totaled 189,000 tons in February, down nearly 54.8% from the same period last year. January exports totaled 178,000 tons and is recognized as the smallest export since last year. At the same time, Russian exports to Belarus also fell over the... 17.05.2017  10:43

• Zaporizhstal confirmed its compliance with ISO 50001: 2011 In May, Zaporizhstal successfully passed the first supervisory audit of the Mill's Energy Management System for compliance with the requirements of the international standard ISO 50001: 2011. The audit was carried out by specialists of the company "Technical and Management Services", a corporate... 17.05.2017  10:22

• Investors fear new sanctions against Iran Iran has put “almost all” mining agreements with foreign investors on hold as European companies fear additional economic sanctions against the Gulf country, according to Iran’s Industry Ministry. Now less than $ 100 million is working to promote projects out of $ 50 billion of potential inves... 16.05.2017  09:56