Ore production refers to the process of extracting valuable minerals or metals from the earth. It involves mining and removing large amounts of rocks or ores from the ground, refining them, and turning them into useful materials.
Full definition
• Global
iron ore production of 49 million tonnes attributable (62 million tonnes on a 100 per cent basis) was up 12 per cent on the second quarter of 2010 and up 17 per cent on the first quarter of 2011.
• First half iron
ore production of 120 million tonnes (94 million tonnes attributable) and shipments of 115 million tonnes were both four per cent higher than the first half of 2011.
The programme remains on track and we are bringing new iron
ore production on stream at a time when demand from Asian markets is forecast to grow strongly, while industry supply growth remains constrained.»
Contractors Maca, Mineral Resources and Qube Holdings have downplayed the impact of Atlas Iron's decision to halt iron
ore production over the coming month, while transport contractor McAleese Group is still evaluating the likely impact.
ANALYSIS: WA's resources - focused business community is eagerly awaiting the next round of figures for iron
ore production costs.
Unexpected maintenance reliability problems with BHP's car dumpers — the giant machines that can pick up and empty a fully loaded rail car of ore — forced the resources giant to reduce iron
ore production guidance for 2017 - 18 to between 272 million tonnes and 274 million tonnes, just down from its previous guidance of 275 million tonnes and 280 million tonnes.
Rio Tinto is to invest US$ 833 million (Rio Tinto share US$ 706 million) in major power and fuel supply projects as part of its drive to substantially increase iron
ore production capacity in Western Australia.
BHP Billiton and Rio Tinto have noted with disappointment the statement today by the German Federal Cartel Office (FCO) that its current intention is to prohibit the companies» proposed iron
ore production joint venture in Western Australia.
• Record global iron
ore production of 65 million tonnes was achieved in the quarter (51 million tonnes attributable) and 245 million tonnes for the full year (192 million tonnes attributable).
Global
iron ore production for the quarter totalled 62 million tonnes (49 million tonnes attributable), in line with the second quarter of 2011.
BHP IRON ORE: BHP Billiton Ltd cut its 2018 fiscal year iron ore output guidance, citing issues in its railroad car unloading system, after reporting an 8 percent rise in third - quarter iron
ore production.
COCKATOO Island, touted as a stunning new tourist resort in the heart of WA's Kimberley region, will be the site of a revitalised $ 7.4 million resource project by Portman Mining Limited aimed at boosting its iron
ore production.
Accelerated investment in ship - loading and rail capacity has been undertaken over the past year to match expanding iron
ore production.
While iron
ore production is dominated by three large players, buyers are also concentrated.
See also Matt Chambers and David Crowe, «ACCC investigates Andrew Forrest call for cap on iron
ore production (The Australian, 25 March 2015) and Phillip Coorey and Lisa Murray, «Joe Hockey rejects Andrew Forrest's «cartel» call for iron ore cap» (AFR, 25 March 2015)
2012 underlying financial results reflect record iron
ore production and shipments and a second half recovery in copper volumes.
Rio Tinto chief executive Tom Albanese said «We have delivered another strong set of production results in the third quarter, including record quarterly Pilbara iron
ore production.
We achieved record annual iron
ore production and shipments as our expansion programme continues on schedule, delivering industry leading returns for our shareholders.
Chief executive Tom Albanese said «The second quarter was strong across most of the portfolio, with record first half iron
ore production, and copper, bauxite, alumina, coking coal and titanium dioxide production all higher than in the second quarter of 2011.
Waste movement associated with the Cornerstone extension has restarted but
ore production remains suspended and timing to restart ore production remains under evaluation.
• Record first quarter iron
ore production, shipment and rail volumes reflected the recent re-rating of Pilbara capacity through debottlenecking and productivity improvements with minimal capital expenditure.
Record quarter for iron
ore production, shipments and rail volumes.
Chief executive Tom Albanese said «This was another record - breaking year in the Pilbara with both quarterly and full year iron
ore production and shipments beating previous achievements, as our expansion programme continues apace.»
Rio Tinto analysis suggests that around 100 million tonnes of primarily Chinese iron
ore production had become unprofitable, and sees evidence on the ground that a large proportion of this has already been curtailed.
Operations performing well with record first half iron
ore production and stronger copper volumes, with the recovery at Bingham Canyon advancing faster than previously expected.
• During the quarter, iron
ore production and shipping capacity in the Pilbara increased by a further five million tonnes to 230 million tonnes per annum (Mt / a), following the completion of the second debottlenecking project at the Dampier port on time and on budget.
• First quarter global iron
ore production of 59 million tonnes (46 million tonnes attributable) was 10 per cent higher than the first quarter of 2011.
Each year, leafy green vegetables — such as spinach — produce the sugar on an enormous scale globally, comparable to the world's total annual iron
ore production.
Phrases with «ore production»