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Arab Steel Summit

Australia

Australian BHP redirects some of its shipments to the Cape of Good Hope

Australian mining giant BHP said that turmoil in the Red Sea is forcing some shipping companies to take alternative routes, such as the Cape of Good Hope, around Africa, while other companies still prefer the Red Sea with additional controls. One of the largest mining companies in the world added in a statement: “The Red …

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The world’s largest iron mining project will begin production this year

The Anglo-Australian Rio Tinto expects to start production at its mining project – which is the largest in the world – in Guinea this year, after a 27-year hiatus that witnessed many surprises and political tensions. Bold Batar, CEO of Rio Tinto’s copper business, said in an interview with the Financial Times that it hopes …

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Rio Tinto targets annual 345-360 million mt iron ore capacity in Pilbara

Australia -based miner Rio Tinto has announced that it aims to achieve and sustain a medium-term annual capacity of 345-360 million mt from its Pilbara iron ore business, including the pre-feasibility study underway on the Rhodes Ridge project. The company also expects an annual five million mt uplift from implementing the Safe Production System at …

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A collaboration between Australian BHP and China’s HBIS Carbon Capture

The Australian mining group BHP and Chinese steel group HBIS have agreed to test carbon capture, utilization and storage (CCUS) technologies at HBIS steel mills. As part of the project, it is planned to develop and test technologies that can be integrated into steel production processes to reduce carbon dioxide emissions. BHP CEO Mike Henry …

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China removes all restrictions on coal imports from Australia

China is moving to allow all domestic companies to import Australian coal, signalling an end to trade restrictions imposed in late 2020. Ports and customs offices have been advised to allow goods shipments from Australia. Earlier this year, Chinese authorities have given four principal importers permission to resume purchases of Australian coal, with shipments beginning …

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Australia continues to impose dumping duties on rebar from four countries

The Australian Anti-Dumping Commission announced that it had completed an investigation, which began on 28 March 2022, into whether the imposition of anti-dumping duties on rebar imports from Greece, Spain, Indonesia, Taiwan and Thailand was justified. Accordingly, the committee decided to continue anti-dumping duties on rebar from the concerned countries except for Thailand, which will …

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