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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (171363)	4/20/2023 12:52:01 PM
From: LoneClone	Read Replies (1) \| Respond to of 192593

LABRADOR IRON ORE ROYALTY CORPORATION (TSX:LIF) - RIO TINTO RELEASES IOC PRODUCTION AND SALES INFORMATION newswire.ca Labrador Iron Ore Royalty Corporation Apr 20, 2023, 08:39 ET TORONTO, April 20, 2023 /CNW/ - Rio Tinto released its quarterly operational report for the first quarter ending March 31, 2023, which included Iron Ore Company of Canada (IOC) production and sales information. Specifically, Rio Tinto announced that in the first quarter of 2023, IOC had total saleable iron ore production of 4.30 million tonnes, comprised of 2.19 million tonnes of pellets and 2.11 million tonnes of concentrate for sale (CFS). Rio Tinto also announced that IOC had total iron ore sales in the first quarter of 2023 of 3.62 million tonnes, comprised of 1.95 million tonnes of pellets and 1.68 million tonnes of CFS. Comparisons to prior quarters and Rio Tinto's commentary on the changes can be found in Rio Tinto's quarterly operational report which is posted on its website. Please note that the IOC sales tonnages are calculated slightly differently for Labrador Iron Ore Royalty Corporation's (LIORC) royalty. Rio Tinto also announced that IOC's 2023 production guidance (pellets and CFS) of 17.9 to 19.6 million tonnes remains unchanged. LIORC will be releasing its first quarter 2023 results of operations after the market close on May 4, 2023. About Labrador Iron Ore Royalty Corporation The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC. Forward-Looking Statements This press release may contain "forward-looking" statements that involve risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Words such as "may", "will", "expect", "believe", "plan", "intend", "should", "would", "anticipate" and other similar terminology are intended to identify forward-looking statements. These statements reflect current assumptions and expectations regarding future events and operating performance as of the date of this press release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly, including iron ore price and volume volatility; the performance of IOC; market conditions in the steel industry; fluctuations in the value of the Canadian and U.S. dollar; mining risks that cause a disruption in operations and availability of insurance; disruption in IOC's operations caused by natural disasters, severe weather conditions and public health crises, including the COVID-19 outbreak; failure of information systems or damage from cyber security attacks; adverse changes in domestic and global economic and political conditions; changes in government regulation and taxation; national, provincial and international laws, regulations and policies regarding climate change that further limit the emissions of greenhouse gases or increase the costs of operations for IOC or its customers; changes affecting IOC's customers; competition from other iron ore producers; renewal of mining licences and leases; relationships with indigenous groups; litigation; and uncertainty in the estimates of reserves and resources. A discussion of these factors is contained in LIORC's annual information form dated March 7, 2023 under the heading, "Risk Factors". Although the forward-looking statements contained in this press release are based upon what management of LIORC believes are reasonable assumptions, LIORC cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and LIORC assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances. This press release should be viewed in conjunction with LIORC's other publicly available filings, copies of which can be obtained electronically on SEDAR at www.sedar.com. SOURCE Labrador Iron Ore Royalty Corporation For further information: John F. Tuer, President & Chief Executive Officer, (416) 362-0066, E-mail- investor.relations@labradorironore.com

To: LoneClone who wrote (171363)	4/20/2023 5:05:57 PM
From: Valuepro	Respond to of 192593

China's March copper output jumps 14% on-year - Antaike msn.com BEIJING, April 12 (Reuters) - China's copper cathode output in March jumped 14% from a year ago thanks to newly established capacity and sufficient raw materials supply, state-backed research house Antaike said late on Tuesday. Production at 22 smelters surveyed by Antaike, with a total capacity of 11.12 million tonnes, or 926,667 tonnes per month, and accounting for 82% of China's total capacity, was at 858,900 tonnes last month. That marked a monthly increase of 3.2%. The higher-than-expected March output was attributed to sufficient raw materials supply in domestic market, especially anode copper, and production from newly added capacity, which largely offset production disruptions caused by maintenance at a few companies, Antaike said in the note. Copper cathode output this month will maintain its growth to reach 859,500 tonnes, although some smelters have started maintenance. April output is expected to rise 14.9% versus the same period a year ago, Antaike said. Smelter activity in China was curtailed in April 2022 because of China's COVID-19 restrictions. (Reporting by Siyi Liu and Dominique Patton; Editing by Christian Schmollinger)