International news within the industry of mining and metal, May, 22 2019
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South Korean mining and manufacturing increased 1.4 per cent

Regional geology map of the Korean Peninsula. Wikimedia, credit: Younghyun.ju
Regional geology map of the Korean Peninsula. Wikimedia, credit: Younghyun.ju
Published by
Markku Björkman - 03 Oct 2018

South Korea's industrial output grew for two months until August, despite the fact that corporate investment and private consumption fell, a government report recently said.

Manufacturing in the mining and manufacturing sectors increased 1.4 per cent due to increased automotive activity, which compensates for a decrease in the semiconductor sector.

Production in all industries rose 0.5 per cent in August from a month earlier, having increased 0.6 per cent in the previous month, according to the South Korean statistical authority.

Automatic production took a climb 21.8 per cent and marked the highest growth in five years. Demand for locally produced vehicles was solid in North America and the Middle East, while a temporary reduction in consumer taxes strengthened automated demand in the domestic market.

Chip production fell by 6.2 per cent in August from a month earlier, as chip manufacturers reduced their stocks. A year ago, chicken production was increased by 13.6 per cent.

Industrial production increased mainly due to robust exports, accounting for about half of the export-driven economy. Exports increased by $ 50 billion over five months to September.
 

Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat
Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat

Chinese control half of the Congo's cobalt