PROFIT WARNING AND GENERAL BUSINESS UPDATE

Innovation and application of new technology will be vital to unlocking resource exploration potential, diversified miner BHP said this week.

For the month of January 2021, U.S. steel mills shipped 7,420,816 net tons which is a 5.3 percent increase from the 7,049,785 net tons shipped in the previous month.

Finished steel imports with large increases in February permits vs. the January preliminary imports include tin plate (up 213%), sheets and strip electrolytic galvanized (up 151%).

The American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,422,000 net tons (NT) of steel in January 2021.

In the week ending on March 6, 2021, domestic raw steel production was 1,755,000 net tons while the capability utilization rate was 77.4 percent.

Since the launch of the Global Industry Standard on Tailings Management on August 5 last year, investors and industry organisations alike have been working to ensure the implementation of the standard by the global mining industry.

“Water isn’t just a technical issue, it is very much a stakeholder issue”, ERM partner Caroline Vail stated during a panel hosted by international law firm Fasken on March 11.