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Keep up to date with Industry News and Commodity Prices.

Xining Special Steel posts net loss of RMB 235 million for H1 2025
Qinghai Province-based Chinese steelmaker Xining Special Steel Co., Ltd. (Xining Special Steel) has announced that it registered an operating revenue of RMB 2.886 billion ($0.4 billion) in the January-June period this year, up 7.0 percent year on year, while it posted a net loss of RMB 235 million ($33.1 million), compared to a net loss of RMB 294 million recorded in the same period last year.

Australia’s Mineral Resources completes first blast at Iron Valley pit
Mineral Resources Limited (MinRes), a leading Australian-based mining services and processing company, has completed the first blast at the North Pit of Iron Valley in its Central Pilbara hub. Strip activities are now underway to prepare the site for first ore to be crushed and processed at Iron Valley’s central facilities.

Vale restarts giant iron ore mine in Brazil
The Brazilian miner, Vale, has reinaugurated the Capanema mine, located in the southeastern state of Minas Gerais. The operation is part of the Mariana Complex and can add up to 15 million mt of iron ore per year to the company production.
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