Iron ore price tumbles below $ 100 a tonne, as China steps up restrictions

The iron ore price extended its slump below $100 a tonne as China stepped up restrictions on industrial activity in some provinces.  The world’s biggest steelmaker is intensifying production curbs to meet a target for lower volumes this year as it works toward a target of reaching carbon neutrality by 2060. According to Fastmarkets MB, benchmark 62% Fe fines […]

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Global iron-ore production growth will accelerate in the coming years: Fitch Solutions

Global iron-ore production growth will accelerate in the coming years, predicts Fitch Solutions’ Country Risk and Industry Research. The firm forecasts that global mine output growth will average 3.6% over the 2021 to 2025 period, compared with a negative 2.3% over the previous five years. This will lift yearly production by 571-million tonnes by 2025, […]

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Shifting away from coal mining, Chhattisgarh state experiments with developing forestry flora

For decades, mining has eaten into the forests of mineral-rich Chhattisgarh. But as the state moves away from opening coal mines, authorities have introduced measures to boost output of forest goods – from tamarind to cashew nuts and medicinal seeds. In the forests of Bastar in Chhattisgarh, women have been busy plucking the tan-coloured fruits […]

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