Fortescue works with China on clearing delayed cargo

Australia’s Fortescue Metals Group said it will cooperate with Chinese authorities to resolve unusual customs delays of two iron ore shipments at the Caofeidian Port in Tangshan, reported Reuters. “We will just work through with the relevant port authorities to understand what they need, such that we clear the cargoes as soon as possible,” Vivienne Tieu, director of Sales, Marketing…

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Saudi Arabia to invest in mining assets

State-owned Saudi Arabian Mining Co. (Ma’aden) has agreed to form a joint venture with the kingdom’s sovereign wealth fund to invest in mining assets globally, reported Reuters. Ma’aden will own 51% in the venture while the Public Investment Fund will own 49%, the company said in a regulatory filing. The miner said the new venture’s strategy “will initially be to…

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Metso Outotec uncovers Optimus Sinter

Metso Outotec is launching Optimus Sinter, a digital optimizer for iron ore sintering plants. The new tool facilitates improved sinter plant process performance and stability by holistically optimizing the overall sintering processes. Optimus Sinter is one of Metso Outotec’s leading-edge digital solutions to ensure the optimal operation and maintenance of iron ore sintering plants. A sophisticated thermodynamic model forms the…

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