One of the primary factors contributing to the booming growth noted in the global metal
ore mining market includes a rising expectation for stability in commodity prices.
'We are already processing high grade development
ore as we extend the decline and lateral development into Area 5.
Nickel Asia is the country's largest producer of lateritic nickel
ore and is one of the largest in the world.
The surge in iron
ore shipments were propelled largely by a revival in export demand for the key steel making ingredient.
Iran in 2017 discovered a new iron
ore mine in the Central city of Yazd, estimated to hold 2 billion tons of reserves with iron content of 70 percent.
Earlier, apex mineral body Federation of Indian Mineral Industries (FIMI) too had urged the government to take immediate steps to encourage export of iron
ore from Karanataka and increase import duty on iron
ore and its pellets to 30 per cent to check imports.
company exported antimony-containing
ore and concentrate for 4.3 million soms for 2017-2018.
'On the other hand, we are fortunate that there has been a significant price improvement on our deliveries to the two processing plants, which are linked to LME (limonite
ore) prices,' he added.
However, despite the increase by more than a third in its nickel-ore output, the firm was unable to hit its target 6 million WMT volume of nickel
ore shipment last year.
Between 2012 and 2015, over 15.5 million metric ton of iron
ore was shipped out of Liberia.