Iron ore prices will slowly decline in the next few years as steelmakers cut production to cope with overcapacity and more supply comes on stream, Wood Mackenzie iron and steel consultants said on Wednesday at Reuters Mining Summit. Average annual prices for ore with 62 percent iron content will fall from about $159 a tonne ...

You’re probably aware that gold demand is mostly for jewelry — in fact, over three-fourths of it is. But unknown to many people, notes Dillon Gage Metals, is that gold, silver and platinum are also employed in aeronautics and space travel. In the last plane ride you took, the craft was most likely coated with ...

THE UK aggregates industry continues to be unable to replenish its output with new reserves. This is despite markets continuing to remain at historically low levels during 2011. Industry marketing consultancy BDS Marketing Research Ltd estimate that last year sand and gravel companies obtained consents which only replaced 70% of production during the year. The ...

The world market for mining equipment is projected to climb 8.5% annually through 2015 to $92 billion. Demand will be stimulated by a pickup in mining output growth as global manufacturing activity and construction expenditures accelerate in a generally favourable economic climate. Commodity prices are also expected to remain high by historical standards, contributing to ...

ccording to a report in China’s state-run news agency Xinhua, the country’s first unmanned mining train has been produced at a factory in central China’s Hunan Province. The train’s transmission system features new intelligent control technology, according to Huang Guoxing, Chief Engineer with Hunan Xiangtan Hauling Machine Plant, where the locomotive was manufactured. Huang added that ...