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| Iron ore mining ravages natural environment on Loess Plateau in China |
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| Code:MFN002792 Prpduct:Iron Ore Date: 2010-07-28 |
It is reported that one meter below the silty loess in northern China, private miners discovered iron ore. Now they are driving bulldozers and other machinery all over the Loess Plateau in search of more, destroying the natural environment along the way.
Local authorities said the mining has become rampant in Hunyuan and Tianzhen counties in Shanxi Province, jeopardizing the fragile ecological environment.
Mr You Jianhua head of the Hunyuan land resources bureau said "Private miners have dug open hard grown farmland and plantations. They are "all over a 1,900 square kilometer area of mountains and fields."
Mr Li Yongping a villager in Mujiazhuang, Hunyuan County said "Several hills have been removed by miners and when the rains come the land is prone to be washed away."
Hunyuan is home to Mount Heng known as one of the Five Sacred Mountains in China. But a state highway leading to the spot has become dusty and jammed by ore loaded trucks.
A road sign reading Scenic Spot, No Trucks at the entrance to the site has been covered with adhesive tape. |
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| 08 Sep 2010 | | | Cash Ask | 3M Ask |
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| Copper | 7620.00 | 7635.00 |
| Aluminium | 2120.50 | 2150.00 |
| Zinc | 2170.00 | 2197.00 |
| Lead | 2151.00 | 2179.00 |
| Nickel | 22450.00 | 22400.00 |
| Tin | 20980.00 | 21075.00 |
| Al.Alloy | 2230.00 | 2130.00 |
| NASAAC | 2081.00 | 2110.00 |
| Steel Billet | 506.00 | 527.00 |
| Cobalt | 41000.00 | 40700.00 |
| Molybdenum | 35300.00 | 36000.00 |
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2010-09-09 |
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| PRODUCT |
BID
(US$/TON) |
ASK
(US$/TON) |
2B Coil-OCT |
3,300 |
3,380 |
No.1 Coil-OCT |
3,120 |
3,200 |
2B Coil-DEC |
3,300 |
3,380 |
No.1 Coil-DEC |
3,120 |
3,200 |
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MetalFirst China Average:
US$16.025/lb
As of Sept. 3, 2010
(updated weekly)
MetalFirst Average:
US$16.00/lb
As of Sept. 3, 2010
(updated twice weekly)
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