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25Apr 2017

Trump’s Infrastructure Plan a Boon for Iron Ore Says Australias Cormann

U.S. President Donald Trump’s plan to upgrade the nation’s roads, ports and bridges will drive demand for steel and support iron ore prices, Australia’s Finance Minister Mathias Cormann said.

“The U.S. and the Trump administration has put out a very ambitious infrastructure investment program” and the steel will have to come from somewhere, Cormann said in an interview in Washington. “So global demand for steel, we believe, will continue to require significant exports of Australian iron ore.”

25Apr 2017

Hummingbird’s Yanfolila gearing up for production

The development of Aim-listed Hummingbird Resources’ Mali-based Yanfolila mine is progressing on time and within budget.

The company on Monday said structural, mechanical, plate work and piping work have been under way for over three months, while the plant foundations largely complete.The ball mill is complete and due for delivery to site in May, while work on the carbon-in-leach tanks is expected to be finished then too.

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