Zimbabwe is planning to hold 26% of new mining projects on a free carry basis, and will also negotiate with existing operators to acquire a similar stake.

Shipments of iron ore on the Great Lakes totaled 4.3 million tons in November, a decrease of 4.7 percent from 2023. Shipments were below the month’s 5-year average by 3.5 percent.

PGM, chrome and diamonds drove mining output higher in October

South Africa, which hosts more than 70% of the world reserves of chrome ore and manganese ores, was dominant in ferroalloy production until 2010.

Indonesia-based steelmaker PT Gunung Raja Paksi Tbk (GRP) has shared its decarbonization strategy, under which it will make several investments in its steelmaking technologies.

Guinea plans to use some of its income from mining the world’s largest iron ore reserve to create a sovereign wealth fund.

Such actions will lead to a significant increase in the costs of ferroalloy producers and the industry as a whole

Russia’s Nornickel, the world’s largest producer of palladium and a major producer of refined nickel, said on Tuesday it sees the global nickel market maintaining a surplus of 150,000 metric tons in 2024-2025.