National Mineral Development Corporation

Companies In The Iron Ore Market are Focusing on Developing Innovative Technologies To Stay Relevant In The Market - By The Business Research Company

Retrieved on: 
Monday, May 15, 2023
Urbanization, Maintenance, Fortescue Metals Group, Employment, BHP, Metal, Metso Outotec, Atlas, Automation, Vale S.A., Ferrexpo, Iron, Mining, Anglo American plc, Atlas Iron, National Mineral Development Corporation, Growth, Robotics, Metinvest, FMG, Iron ore

LONDON, May 15, 2023 /PRNewswire/ -- As per The Business Research Company's iron ore market forecast, the global iron ore market size is expected to grow from $405.1 billion in 2022 to $447 billion in 2023 at a compound annual growth rate (CAGR) of more than 10%. The iron ore market size is then expected to grow from $657.7 billion in 2027 at a CAGR of more than 10%. Going forward, the increasing urbanization, the rising healthcare expenditure and the growing residential sector will drive the growth.

Key Points: 
  • The iron ore market size is then expected to grow from $657.7 billion in 2027 at a CAGR of more than 10%.
  • The global iron ore mining market is concentrated, with a few large players in the market.
  • Companies in the iron ore market are developing innovative technological tools and using advanced technologies to grow in the market, as per the iron ore market outlook .
  • Iron ore companies are opting for automation in the mining processes to strengthen their position in the market.

Companies In The Iron Ore Market are Focusing on Developing Innovative Technologies To Stay Relevant In The Market - By The Business Research Company

Retrieved on: 
Monday, May 15, 2023
Urbanization, Maintenance, Fortescue Metals Group, Employment, BHP, Metal, Metso Outotec, Atlas, Automation, Vale S.A., Ferrexpo, Iron, Mining, Anglo American plc, Atlas Iron, National Mineral Development Corporation, Growth, Robotics, Metinvest, FMG, Iron ore

LONDON, May 15, 2023 /PRNewswire/ -- As per The Business Research Company's iron ore market forecast, the global iron ore market size is expected to grow from $405.1 billion in 2022 to $447 billion in 2023 at a compound annual growth rate (CAGR) of more than 10%. The iron ore market size is then expected to grow from $657.7 billion in 2027 at a CAGR of more than 10%. Going forward, the increasing urbanization, the rising healthcare expenditure and the growing residential sector will drive the growth.

Key Points: 
  • The iron ore market size is then expected to grow from $657.7 billion in 2027 at a CAGR of more than 10%.
  • The global iron ore mining market is concentrated, with a few large players in the market.
  • Companies in the iron ore market are developing innovative technological tools and using advanced technologies to grow in the market, as per the iron ore market outlook .
  • Iron ore companies are opting for automation in the mining processes to strengthen their position in the market.

Worldwide Mining Chemicals Market is Expected to Grow at a CAGR of over 4% During 2022-2027 - ResearchAndMarkets.com

Retrieved on: 
Friday, April 8, 2022
Chemicals, Plastics, Natural Resources, Manufacturing, Mining, Minerals, Niobium, Nickel, CAGR, USD, Ministry of Commerce and Industry (India), Investment, Growth, Mining, Aluminium, FDI, Lithium, Government, Gold, Uranium, Mine, National Mineral Development Corporation, Ministry, Drainage, Commerce, Development, CIL, Efficiency, Indium, Mines and Minerals (Development and Regulation) Act, INR, Water, Cobalt, Copper, Renewable energy, Industry, Mineral

The global mining chemicals market is expected to have a CAGR of around 4% during the forecast period (2022-2027).

Key Points: 
  • The global mining chemicals market is expected to have a CAGR of around 4% during the forecast period (2022-2027).
  • The rising usage of mining chemicals in mineral processing and wastewater treatment is expected to increase the market growth.
  • The key driving factors responsible for the rising demand for mining chemicals are rising mining activities in Asia-Pacific and North America, and the increasing demand of specialty chemicals in mining processes.
  • Increasing investments and new mining projects in Africa is likely to create opportunities for the market in the coming years.

HPX Group Companies Ivanhoe Liberia and SMFG Enter Into a Framework Agreement With the Government of Liberia That Establishes a Path for Agreeing Final Terms for Access to Critical Rail and Port Infrastructure

Retrieved on: 
Thursday, March 31, 2022
Engineering, Rail, Other Construction & Property, Transport, Manufacturing, Construction & Property, Other Manufacturing, ArcelorMittal, Infrastructure, Professional corporation, Workers' right to access restroom, Framework agreement, Bangalore–Mysore Infrastructure Corridor, Mining, Iron, Government, Nimba, Employment, PFS, Safety, HPX, Office, Tax, World, World Bank Group, Engineering, Income, Framework, National Mineral Development Corporation, Concession, SMFG, Partnership, Rail transport, Iron ore, Property management, Access

The Framework Agreement, which is immediately effective, also sets out a timetable for detailed negotiations and the implementation of a definitive Concession and Access Agreement for HPXs infrastructure requirements.

Key Points: 
  • The Framework Agreement, which is immediately effective, also sets out a timetable for detailed negotiations and the implementation of a definitive Concession and Access Agreement for HPXs infrastructure requirements.
  • Direct capital costs for rail and port development in Liberia are estimated at more than US$600 million.
  • Guy de Selliers, Chairman of Ivanhoe Liberia commented: This Framework Agreement for access to critical Liberian port and rail infrastructure is an important step forward in making the Guinean Nimba Iron Ore Project a reality.
  • Ivanhoe Liberia Limited is a Liberian Domestic Corporation and wholly-owed independent subsidiary of HPX.

ArcelorMittal signs landmark agreement with Government of Liberia; signals commencement of one of the largest mining projects in West Africa

Retrieved on: 
Friday, September 10, 2021

The expansion project - which encompasses processing, rail and port facilities - will be one of the largest mining projects in West Africa.

Key Points: 
  • The expansion project - which encompasses processing, rail and port facilities - will be one of the largest mining projects in West Africa.
  • The capital required to finalise the project is expected to be approximately $0.8 billion, as it is effectively a brownfield expansion.
  • Under the agreement the company will have reservation for expansion for at least up to 30mt.
  • As the largest foreign investor in Liberia, ArcelorMittal Liberia has invested over $1.7 billion in the country over the past 15 years.

NMDC Bags the Prestigious S&P PLATTS Global Metals Award 2018 Under CSR Category

Retrieved on: 
Friday, May 25, 2018
S&P Global Platts, S&P Global, Economy, Finance, Commodity market, Money, National Mineral Development Corporation

NMDC Limited has bagged the prestigious S&P Global PLATTS Global Metals Award 2018 in corporate social responsibility category held on 17.05.2018 at London Grosvenor Square Marriott Hotel, UK.

Key Points: 
  • NMDC Limited has bagged the prestigious S&P Global PLATTS Global Metals Award 2018 in corporate social responsibility category held on 17.05.2018 at London Grosvenor Square Marriott Hotel, UK.
  • This is the first time since inception of this awards, an Indian Company bagged an award in this category.
  • S&P Global PLATTS is the leading independent provider of information, benchmark prices and analytics for the energy and commodities markets.
  • The S&P Global PLATTS Global Metals Award recognizes top performers - industry leaders and innovators.