Greenland strips Chinese mining firm of licence to iron ore deposit (South China Morning Post – November 23, 2021)

https://www.scmp.com/

Greenland said on Monday it has stripped a Chinese mining company of its licence to an iron ore deposit near the capital Nuuk, dealing a blow to attempts by Chinese companies to gain a foothold on the resource-rich Arctic island.

General Nice, a Chinese coal and iron ore importer, took control of the Isua mine project in 2015, replacing previous owner London Mining, which went bankrupt.

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Vale unit to invest US$800mn in dry iron ore processing technology (bnamericas.com – November 9, 2021)

https://www.bnamericas.com/en/

Brazilian iron ore mining giant Vale, through its tech subsidiary New Steel, signed a protocol of intent with southeast state Minas Gerais to invest 4.4bn reais (US$795mn) in technology that eliminates the need for tailings dams.

The funds will be used to implement an innovative dry iron ore processing technology that drastically reduces the environmental impact and extends the life of mines, the state government said in a release. The process also will also create jobs and more revenue for three municipalities, it added.

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Mining magnate Gina Rinehart looks to expand iron ore empire into WA’s Goldfields region – by Jarrod Lucas (Australian Broadcasting Corporation – November 15, 2021)

https://www.abc.net.au/

Mining magnate Gina Rinehart has struck a deal to buy into an iron ore project in WA’s northern Goldfields, further expanding her iron ore empire which includes the Roy Hill mine in the Pilbara.

A subsidiary of Ms Rinehart’s Hancock Prospecting has struck a deal to form new joint venture agreement with the owners of the Mt Bevan project, 100 kilometres west of Leonora.

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Fortescue Metals Group warns of further iron ore price volatility, Twiggy defends ‘crazy’ green ambitions – by Rebecca Le May (News.com.au – November 9, 2021)

https://www.news.com.au/

Fortescue Metals Group has defended its “crazy” green ambitions, saying the bold plans are a commercial imperative, not just environmental.

The miner’s new Fortescue Future Industries division has been inking deals around the world to look into massive “green” hydrogen and renewable energy projects, with founder and chair Andrew ‘Twiggy’ Forrest flagging potential costs worth more than $US100bn ($134.6bn).

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Hearings on Baffinland expansion in Nunavut close with criticism from Pond Inlet – by Jane George (CBC News Canada North – November 6, 2021)

https://www.cbc.ca/news/canada/north/

After three years, four hearings, two cancellations and other restrictions imposed by COVID-19, the fate of Baffinland Iron Mines Corporation’s proposed Mary River expansion project is now in hands of the Nunavut Impact Review Board (NIRB).

The most affected Nunavut community does not embrace the mining company’s plans for growth. “We don’t want to sacrifice our culture and tradition for jobs and benefits,” said Enookie Inuarak, of Pond Inlet’s hunters and trappers organization, on the final day of the NIRB hearing in Iqaluit.

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Pond Inlet woman’s barrage of criticism shakes up Baffinland hearings – by Jane George (CBC News Canada North – November 4, 2021)

https://www.cbc.ca/news/canada/north/

A Pond Inlet, Nunavut, woman managed to lambaste the Baffinland Iron Mines Corp. on several fronts Wednesday, despite being about 1,000 kilometres north of the Nunavut Impact Review Board hearing underway in Iqaluit.

Anita Uuttuvak sat alone in a chair in front of a microphone, while speaking by videoconference in her home community. She looked straight into the camera, and spoke in Inuktitut and English about the mining company and its proposed expansion of the Mary River iron mine, now in its final assessment by regulators.

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Baffinland works to woo support for its iron mine expansion in 1st day of community roundtables – by Jane George CBC News Canada North – November 3, 2021)

https://www.cbc.ca/news/canada/north/

Baffinland Iron Mines Corporation hopes to smooth the way forward for its expanded Mary River iron mine proposal during this week’s Nunavut Impact Review Board (NIRB) hearings in Iqaluit. But concerns over wildlife and the mine’s overall impact surfaced during the first day of community roundtable sessions held in Iqaluit, and remotely from Pond Inlet, Nunavut.

These contrasted with the mining company’s promises of increased environmental controls, more involvement for Inuit and attention to traditional knowledge, community improvements — and new cash for the community.

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Green light on expansion of Baffinland’s Mary River mine ‘critical,’ company says – by Jane George (CBC News Canada North – November 2, 2021)

https://www.cbc.ca/news/canada/north/

Baffinland Iron Mines Corp. says mine could go into care and maintenance if expansion is denied

The next five days of hearings under the Nunavut Impact Review Board could prove critical to the future of the Mary River iron mine.

Baffinland, which owns the mine, is looking to come out of the review in Iqaluit with a positive recommendation for its Phase 2 expansion. This could lead to the federal northern affairs minister to grant a new project certificate to the mine, with conditions.

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Fortescue iron ore shipments hit all-time high – by Michael Philipps (Australian Mining – October 28, 2021)

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Fortescue Metals Group has reported record first quarter iron ore shipments of 45.6 million tonnes (Mt), a three per cent increase on the same period last year.

Ore processed and railed also achieved record first quarter volumes, reflecting strong operational performance across the supply chain and expanded system capacity following the ramp up of Eliwana.

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Iqaluit city councillor calls for support of Baffinland mine expansion – by David Venn(Nunatsiaq News – October 28, 2021)

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Iqaluit Coun. Kyle Sheppard says he plans to take another run at persuading his council colleagues to support the proposed expansion of the Mary River iron mine.

Baffinland Iron Mines Corp. wants to build a 110-kilometre railway from its Mary River mine to Milne Inlet, double its iron ore shipments through the Tallurutiup Imanga marine conservation area and add another dock to its port.

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Vale sees no near-term spinoff of base metals unit – by Staff (Sudbury Star – October 10, 2021)

https://www.thesudburystar.com/

The chief executive of Vale SA said on Thursday the Brazilian iron ore miner is not looking into a near-term spinoff for its base metals, and the company later said the unit needs to be “transformed” before that longstanding plan can be carried out.

“We are not talking about a spinoff yet. The problem here is the size of the business,” said Eduardo Bartolomeo, Vale’s chief executive officer, as part of the Financial Times’ Mining Summit.

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COMMENTARY: The humbling of giants: The rise and decline of the Iron Range — Essay – by Aaron Brown (Minnesota Reformer – September 28, 2021)

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Mesabi means giant. That means that I was raised in the land of giants on the Mesabi Iron Range of northern Minnesota. In my youth, I saw those giants as the elected leaders who fought for my homeland in St. Paul and Washington, D.C.

When I was 10 I watched my grandfather, Marvin Johnson, run for the first and only time in my life. Twenty years after his body was crushed in a mining accident, he sprinted into the street to shake then-Gov. Rudy Perpich’s hand at the Keewatin Fourth of July parade. His admiration was greater than the pain.

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OPINION: China’s Evergrande mess is spreading and hurting big mining companies. The iron ore and steel party is over – by Eric Reguly (Globe and Mail – September 22, 2021)

https://www.theglobeandmail.com/

A 40-second video made in August in the southern Chinese city of Kunming provides a graphic account of the country’s housing bubble. It shows controlled explosions turning 15 apartment towers into rubble. They were built seven years ago and never occupied.

Since then, China’s housing woes have been exposed by the liquidity crisis at Evergrande, the world’s most indebted housing developer. The company’s shares are in freefall – they are down more than 85 per cent in the past year – and S&P Global Ratings said a default on bond payments is “likely.”

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Mining stocks carnage as iron ore, copper prices fall – by Staff (Mining.com – September 20, 2021)

https://www.mining.com/

Iron ore extended its slump below $100 a tonne and copper prices dropped in New York on Monday as China stepped up restrictions on industrial activity and fears about the collapse of the country’s largest property developer intensified.

According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $92.98 a tonne, down 8.7% from Friday’s closing. Prices have collapsed about 60% since hitting a record in May, and are below three figures for the first time in more than a year.

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The coup in tiny Guinea matters at a geopolitical level. The US-China ‘cold war’ is a race for strategic dominance of commodities – by Tom Fowdy (RT.com – September 7, 2021)

https://www.rt.com/

Tom Fowdy is a British writer and analyst of politics and international relations with a primary focus on East Asia.

The impoverished country is rich in essential metals that Beijing desperately needs. So was the military takeover by a former French legionnaire with ties to America a plot by the usual Western suspects?

The West African nation of Guinea has just experienced a military coup. Lieutenant-Colonel Mamady Doumbouya, with an elite segment of troops, has overthrown the government of Alpha Conde and seized power, a move that has been condemned by the African Union and China, with the latter demanding that the president be released.

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