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Iron ore demand back on solid ground
Monday, January 30, 2012
Iron ore commodity prices are much more stable at the present time than they have been since melting down for much of 2011. This is mainly due to demand slowly creeping up again at last following the great recession.
This is good news also for manufacturers and heavy mining machinery suppliers in the iron ore industry, especially considering that iron ore mining equipment tends to be heavy grade and premium value.
Here in Canada, iron ore represents a major revenue generator for the country as a whole. Canada is home to 2% of the world’s reserves, making this country the 12th largest reserve by iron content.
According to Resources Canada, Canada's principal export markets for iron ore pellets are traditionally China and the United States (22.4 and 14.8% respectively in 2009). Resources Canada also notes that Canadian industry is “very sensitive to competition from U.S. mines in the North American market and to competition from countries that ship to the European market.”
Supplying the raw materials for modern life, mining has been called the first industry. Monmet, a dynamic engineering and consulting firm has been deeply involved in the industry for over two decades. Together with engineering companies, large OEMs and mine operators, Monmet has delivered exceptional parts throughout the world—on time and within budget. From the manufacture and supply of heads and trunnions to gears, pinions and crusher bearings, Monmet is proud to work on the leading edge of a fundamental industry that has experienced unprecedented technological and economic growth in recent years. For more information, contact Monmet today.
http://www.mining.ca/site/index.php/en/
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Cut illegal logging to grow our forestry industry
Wednesday, May 16, 2012
As has been previously discussed in this blog, North America's forestry industry...
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