Aug 21, 2020

Uranium producers say Grand Canyon will not be mined

Uranium
grand canyon
mining
Uranium Mining
Jonathan Campion
2 min
The Uranium Producers of America have denied media reports that the Grand Canyon could be used for uranium mining
The Uranium Producers of America have denied media reports that the Grand Canyon could be used for uranium mining...

Reports have surfaced in the American media in recent weeks suggesting that the Trump administration would support the development of uranium projects near the Grand Canyon in Arizona. In 2012 the Obama government placed a 20-year embargo on uranium mining in the Grand Canyon National Park. 

As such, Joe Biden, the Democrat nominee for this November’s elections, has stated that he would shut down any projects being considered in the park.

In response, the Uranium Producers of America went a step further, releasing a statement on 20 August to say that none of the companies that it represents have any plans to mine in the Grand Canyon.

“We wish to state in no uncertain terms that nobody – including the US uranium industry who we represent – is advocating to open the Grand Canyon National Park to uranium mining.”

The statement added that there were two existing uranium mines in northern Arizona, and a few more mines had been proposed, but that “[t]he proposed mines will only be permitted to proceed in accordance with today's stringent environmental standards. There are important differences between uranium mining from 50-plus years go and what we do in 2020”.

The profile of the American uranium industry has fallen in recent decades. Until the 1980s the country was the world's largest producer; but since then it has relied on imports to meet an ever greater share of its need. In recent years these imports have come from geopolitical foes, mainly Russia and China, and so developing the domestic uranium industry is becoming a strategi priority for the US government.

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Apr 21, 2021

Rio Tinto’s iron ore output falls 2% year-on-year

RioTinto
ironore
Pilbara
covid-19
2 min
World's biggest iron ore producer reports lower quarterly output due to labour shortages and weather issues
Rio Tinto reported lower quarterly iron ore output as wet weather and labour shortages impacted its mine and port operations in Western Australia.
 
Above average wet weather in the mines and workforce availability disrupted maintenance during the quarter, Rio said, while Tropical Cyclone Seroja impacted operations in April, reports Reuters.

 

Iron Ore
 
Production for the quarter stood at 76.4 million tonnes, down 2% from the same period last year.
 
“You’d have to suggest that its a pretty average result. They have not delivered iron ore into a solid pricing environment,” said David Lennox at Fat Prophets in Sydney.
 
“There’s nothing that they can do about wet weather – it may be that they are going to have to live with changing environmental conditions. What will save them is the fact that they have got higher commodity prices generally, especially iron ore and copper.”
 
The world’s biggest iron ore producer shipped 77.8 million tonnes (mt) of the commodity in the quarter ended March 31, up 7% compared with 72.9 mt last year. It maintained its forecast of shipping between 325mt and 340mt of iron ore in 2021.

 

Pilbara
 
Rio has benefited from strong demand for its higher quality Pilbara blend products due to solid margins at China steelmakers as construction activity and steel demand in the first quarter eclipsed 2020 and 2019 levels.
 
China’s renewed focus on cutting steelmaking emissions will likely restrain steel exports in 2021, supporting margins globally, it said.
 
Copper production fell 16% on year ago levels after covid-19 prevention measures limited labour availability in Escondida in Chile.
 
Its Oyu Tolgoi copper shipments have been impacted by Chinese boarder restrictions due to increased cases of covid-19.
 
“We declared force majeure on shipments from 30 March and continue to work closely with authorities and our customers to manage the risk of supply chain disruptions,” it said.
 
“Rio has resumed cross-border concentrate shipments into China on 15 April however, the situation is very fluid with the covid-19 resurgence in Mongolia.”

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