Foolad & tosee : The President expressed that the completion of the rings of the mineral value chain is one of the important development plans of the government. According to our correspondent, Hojjatoleslam Seyed Ebrahim Raeesi, at a government delegation meeting, said: We have made serious plans to complete the rings of the mineral value chain.

Guinea's mines minister has ordered all work related to the Simandou iron-ore mine project halted after the two companies involved missed an extended deadline to agree on a joint venture, a letter seen by Reuters showed on Monday.

Investors cut holdings in exchange-traded funds for silver, platinum and palladium in the second quarter on fears that a potential recession will reduce industrial demand, but gold assets held up because of its role as a haven, and that may persist.

Gold will rise as the U.S. dollar loses its status as the world’s reserve currency, said John Kaiser, Founder of Kaiser Research Online, at the PDAC 2022 Convention in Toronto. He mentioned that China and Russia would form an Eastern axis of economic power.

Chief of Iran's mining house said that the mining sector policies are being updated after 22 years, and stated : Mining with the view of sustainable development as well as mining based on territorial planning are emphasized.

Brazilian miner Vale SA expects to spend $400 million in 2022 to decommission its tailings dams, aiming to have 12 of its 30 structures eliminated by the end of the year, the company told Reuters on Tuesday.

Seaborne iron ore prices were rocked on Monday by a panic in China that sent steel and raw material prices over a precipice. The decision by a growing number of mills to cut production in response to weak demand is being seen as an admission that steel demand will not be back for some time.

Iron ore prices fell on Tuesday as fresh covid-19 outbreaks in China clouded demand prospects in the world’s top steel producer.

At the organization's periodic gathering, Imidro's managers emphasized on smartening up mines, recruiting and employing efficient human resources.

Exports of mining and mining industries grew by 16percent in the first month of this year. During this period, $866.2 million of mining and mining products were sent to export markets.

According to IMIDRO’s Public Relations, referring to the 100-year-old new activity in the Angoran mine, Khodadad Gharibpour, who spoke today at the opening ceremony of the Angoran underground lead and zinc mine said, “Activating the underground part of the Angoran mine has been one of the technological projects using Iranian technical knowledge.

Emphasizing the development of cooperation between large mining companies and the mining industries and HEPCO under the leadership of IMIDRO, the Chairman of IMIDRO said, “HEPCO will build 700 road construction machines by next year as the first step of the cooperation, and in the In the long term, the construction of mining machinery by this experienced manufacturer is planned.”

Researchers from the United States and Australia have discovered previously unrecognized structural lines 100 miles or more down in the Earth that appear to signal the locations of giant deposits of copper, lead, and zinc. The metals, however, lie close enough to the surface to be mined, but too far down to be found using current exploration methods.

Coal and iron ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future.

While low commodity prices can hurt any major producer, oil prices can have a particularly detrimental effect on oil-rich economies. This is because, for better or worse, many of these economies hold onto oil as an anchor for achieving growth, filling government coffers, and even fueling social programs.