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MONTREAL, May 4, 2021 /CNW/ - The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) is proud to have represented the Canadian mining industry for 123 years. As with many organizations, the global pandemic threatened to impact how CIM supports its members, partners and the broader mining, minerals, metals and materials community, as well as how it generates revenue.
Following the cancellation of its 2020 conference as a result of the pandemic, CIM reached out to industry partners for support under the Corporate Patron Initiative and they answered the call. To date, 35 companies have stepped up to provide a total of $1.72 million to CIM, well on the way to its goal of $2 million, as it adapts its services to the absence of in-person events and onto the online environment where the 2021 CIM Virtual Convention + EXPO takes place this week.
Iron Ore Company of Canada has provided Labrador Iron Ore Royalty Corporation with the following update on the situation at IOC’s Sept-Îles port facilities following the fire at Reclaimer no. 2. After initial assessment of the damages, IOC estimates that repairs to Reclaimer no. 2 will be completed in Q4-2021. Currently, Reclaimer no. 1 is in full operation and IOC is also able to by-pass the damaged …
Iron Ore Company of Canada (“IOC”) has provided Labrador Iron Ore Royalty Corporation (the “Corporation”) with the following update on the situation at IOC’s Sept-Îles port facilities following the fire at Reclaimer no. 2.
Rio Tinto releases first quarter production results
Rio Tinto Chief Executive Jakob Stausholm said: “We achieved an overall solid operating performance in the first quarter. We have maintained guidance ranges in all our products, with site teams successfully managing the effects of significant rainfall, in particular at our Australian iron ore assets. “It has been a period of deep reflection for the company, and I have personally spent a significant amount of time … Rio Tinto Chief Executive Jakob Stausholm said: “We achieved an overall solid operating performance in the first quarter. We have maintained guidance ranges in all our products, with site teams successfully managing the effects of significant rainfall, in particular at our Australian iron ore assets.
Rio Tinto lifted its shipments of iron ore during the March quarter, thanks to solid demand from China and recovering demand from Japan, South Korea and other markets.
Rio said in its first-quarter production and sales report that iron ore exports had risen by 7% compared to the same time last year, with 77.8 million tonnes pushed through its two ports in the WA Pilbara.
The miner’s quarterly performance (which mostly were within market forecasts) has left it on track to meet unchanged guidance for 2021 of 325 million and 340 million tonnes of exports.
Production in the quarter of 76.4 million tonnes was down 2% thanks to wetter than forecast weather in the Pilbara in February in particular
London pre-open: Stocks set to dip after weak UK employment data
Tue, 20th Apr 2021 06:59
(Sharecast News) - Stocks are set to dip following the release of an unexpectedly weak reading on UK employment for the three months to February.
Also dragging on market sentiment were the moderate falls seen on Wall Street overnight, driven by weakness in technology stocks focused on Tesla and chip-maker Nvidia.
The latter fell after the UK government said it would look into the national security implications of its acquisition of ARM Holdings.
Swissquote analyst, Ipek Ozkardeskaya, sounded a bearish note on the outlook for stocks.