R/€ = 14.50 Change: 0.00
R/$ = 11.74 Change: 0.00
Au 1347.33 $/oz Change: 7.59
Pt 949.50 $/oz Change: -5.25

Ferrous Metals News

Rio Tinto sees iron-ore market staying balanced through 2019 – exec

By: Reuters     23rd March 2018 Rio Tinto expects the global iron ore market to stay balanced through 2019 despite a likely moderation in steel demand growth in China, the world's biggest steel consumer, a senior executive said on Friday. "I think the iron-ore market is pretty well balanced...We don't see remarkable change in... 

Trump temporarily excludes EU, six other allies from steel tariffs

By: Reuters     23rd March 2018 US President Donald Trump has temporarily excluded six countries, including Canada and Mexico, and European Union states from higher US import duties on steel and aluminum meant to come into effect on Friday. In a Presidential proclamation published late on Thursday, Trump said he would suspend... 

Transnet renews manganese contract with South32

By: Marleny Arnoldi     22nd March 2018 State-owned Transnet and diversified miner South32 on Thursday signed a seven-and-a-half-year manganese export capacity allocation (Meca) contract, allowing for the transportation of 2.6-million tonnes a year of export manganese and realising almost R10.4-billion in total value for Transnet.  

Transnet renews manganese contract with South32
South32 South African manganese operations VP Lucas Msimanga, South32 commercial operations VP Kgabi Masia and Transnet new business chief officer Gert de Beer

BHP sees limited impact on steel market from US new tariffs

By: Reuters     22nd March 2018 Global miner BHP anticipates planned new US steel import tariffs will have a limited impact on both the steel market and the firm, and doesn't foresee a chain reaction from other countries, a senior official said on Thursday. "I think direct impact on steel is quite marginal because the United... 

Ferrexpo hikes dividend, sees better demand this year

By: Reuters     22nd March 2018 Iron-ore pellet producer Ferrexpo announced a record dividend on Wednesday as earnings jumped on stronger demand from the steel industry. The London-listed firm, the third largest exporter of pellets, said 2017 underlying earnings before interest, tax, depreciation and amortisation (EBITDA)... 

Ferrexpo hikes dividend, sees better demand this year

Deloitte launches Intelligent Mining Solution to encourage digital transformation

By: Nadine James     22nd March 2018 Advisory firm Deloitte has launched an Intelligent Mining Solution that illustrates how digital transformation in mining can address legacy industry challenges, improve safety and enable the required step change in performance. Deloitte collaborated with several technology business partners to... 

Cheaper iron-ore finding plenty of buyers in China, miner says

By: Bloomberg     22nd March 2018 Low-grade iron-ore that has fallen out of favour with many of China’s steelmakers is still in demand as mills keep buying the cheaper product, according to a junior Australian supplier. BCI Minerals is selling all it’s lower-grade product at normal rates, CEO Alwyn Vorster said Thursday in an... 

Vital flags cost savings at Watershed

By: Esmarie Swanepoel     22nd March 2018 An independent review into the Watershed tungsten project, in far north Queensland, has reduced the expected capital costs from A$172-million to A$105.8-million, ASX-listed Vital Metals reported on Thursday. The review considered proposed modifications to the plant design, layout, site access,... 

Goa iron-ore mine closure triggers protests and violence

By: Ajoy K Das     22nd March 2018 The closure of iron-ore mines in Goa has triggered violence and widespread law and order problems at the start of the week as miners, families and workers from allied industries unleashed protests forcing the police to baton charge the crowd resulting in injuries and arrest of 11 protesters.... 

South Flank could support greater demand from Asia

By: Esmarie Swanepoel     21st March 2018 The approval of the proposed South Flank mine, in Western Australia, could supply Asia’s growing demand for higher quality iron-ore, mining major BHP’s iron-ore asset president, Edgar Basto said. Addressing the Global Iron Ore & Steel Forecast conference, in Perth, Basto noted that the ongoing... 

South Flank could support greater demand from Asia

China iron-ore, steel extends losses as lofty China inventories weigh

By: Reuters     20th March 2018 Chinese iron-ore prices fell further on Tuesday, a day after posting their biggest daily drop in almost ten months as high inventories and a weak domestic steel market pressure prices. Near-term inventory risks have dampened the outlook for steel and iron-ore prices short term, Argonaut said in a... 

ARM's Motsepe predicts successful charter, land outcomes 

By: Martin Creamer     16th March 2018 The executive chairperson of diversified black-controlled mining company African Rainbow Minerals (ARM), Patrice Motsepe, on Friday expressed the firm conviction that South Africa was in the process of reinforcing its position as a competitive mining destination through a positive Mining Charter... 

ARM's Motsepe predicts successful charter, land outcomes
African Rainbow Minerals executive chairperson Patrice Motsepe at presentation of 15% higher half-year earnings covered by Mining Weekly Online’s Martin Creamer. Photographs: Dylan Slater. Video and Video Editing: Darlene Creamer.

African Rainbow Minerals ups earnings, declares dividend

By: Martin Creamer     16th March 2018 Diversified black-led mining company African Rainbow Minerals (ARM) on Friday announced a 15% increase in headline earnings for the six months to December 31 to R1 945 million. This increase was mainly as a result of improved headline earnings from the manganese division, ARM Coal, Modikwa... 

Gaps in measures against mineral resource misreporting

By: Nadine James     16th March 2018 Addressing delegates at a seminar at SRK’s Johannesburg office last month, corporate consultant and SRK Australia chairman Mark Noppe advised that there are still surprisingly large gaps in the assurance systems that companies use to protect against inaccuracy of reporting mineral resources and... 

Angolan railway and port restarts exporting minerals after 30 years of disruption

By: Rebecca Campbell     16th March 2018 The export of minerals from the interior of south central Africa through the port of Lobito in Angola, by means of the Benguela Railway (Caminho de Ferro de Benguela – CFB) restarted during the first week of this month. This marked the resumption of a service that was disrupted more than 30 years... 

South Africa discount no longer warranted, say analysts

By: Martin Creamer     15th March 2018 The so-called 'South Africa discount' that has dogged and diminished the share prices of mining companies operating in South Africa for decades, has been declared "unwarranted" by Goldman Sachs Europe Metals & Mining Equity Research analysts, against the backdrop of the winds of political change... 

South Africa discount no longer warranted, say analysts
Photo by Goldman Sachs
Share prices of Glencore and Anglo at 2013 levels, despite higher earnings, lower debt

Iron-ore mines in Goa close down

By: Ajoy K Das     15th March 2018 Iron-ore mining in the western Indian coastal province of Goa came to a halt on Thursday in accordance with an order issued by the Supreme Court last month. However, even as miners downed shutters and evacuated equipment from mines, on Wednesday night a Goa government Cabinet Committee... 

Iron-ore mines in Goa close down

China steel hub orders new output cuts in push for blue sky

By: Bloomberg     14th March 2018 China’s top steel-making city is imposing further production cuts beyond the winter heating season as the nation presses ahead with a campaign for cleaner skies that has rattled steel and iron-ore markets. Tangshan City, the country’s steel-producing hub, has ordered a two-tier system of... 

Afarak secures new-order mining right for Vlakpoort mine

By: Natasha Odendaal     14th March 2018 LSE-listed Afarak has secured a new-order mining right for its Vlakpoort mine, in the western limb of South Africa’s Bushveld complex. The preparatory work on the mine, which has a minimum of 6.6-million tonnes of proven chrome reserves and 330 314 oz of platinum group metals, will start during... 

Anglo commits to ambitious sustainability strategy

By: Martin Creamer     14th March 2018 Diversified mining company Anglo American has outlined an innovative approach to three major areas of sustainability - the environment, community development, and driving greater trust and transparency across the mining industry. 

Anglo commits to ambitious sustainability strategy
Photo by Creamer Media
Mark Cutifani

Anglo says cleaning up mining will earn it billions in profit

By: Bloomberg     14th March 2018 Mining is a dirty business, but Anglo American CEO Mark Cutifani says it doesn’t have to be. The miner of everything from copper to diamonds to iron ore is overhauling its sustainability targets, and predicts it can earn an extra $9-billion through 2030 by improving the way it mines and boosting... 

Anglo says cleaning up mining will earn it billions in profit
Photo by Creamer Media
Anglo American CEO Mark Cutifani

Canada's Trudeau tells metal workers: 'We have your backs'

By: Reuters     13th March 2018 Canadian Prime Minister Justin Trudeau promised aluminium and steelworkers on Monday he would defend them against possible US tariffs and called US President Donald Trump to stress that "mutually beneficial" cross-border supply chains should be preserved. Trump said last week he would impose... 

Canada's Trudeau tells metal workers: 'We have your backs'

Coal miner Exxaro declares innovation an imperative 

By: Martin Creamer     12th March 2018 Coal mining company Exxaro Resources, which sees modernisation and innovation as imperatives, will this year announce new partnerships to ensure that it remains sustainably competitive going into the future. The Johannesburg Stock Exchange-listed black-led company, which has already met... 

Coal miner Exxaro declares innovation an imperative
Exxaro Resources CEO Mxolisi Mgojo talks to Mining Weekly Online’s Martin Creamer. Photographs: Dylan Slater. Video and Video Editing: Darlene Creamer.

Atlas adds manganese to shipping mix as part of diversification strategy

By: Esmarie Swanepoel     12th March 2018 Iron-ore miner Atlas Iron has moved to affect its diversification strategy, finalising a manganese export agreement that will see the company export first product through the Utah Point within the next month. Some 100 000 t of manganese will be mined and crushed on a campaign basis by... 

Gulf secures A$15m to fund Kupang smelters

By: Esmarie Swanepoel     12th March 2018 ASX-listed Gulf Manganese has secured A$15-million to fund the construction and commissioning of the first two manganese smelters at its Kupang smelting facility, in Indonesia. Gulf on Monday announced that it would issue a convertible note worth A$6-million, with a zero percent interest to... 

Citic estimates up to $1bn impairment on Australia's Sino Iron project

By: Reuters     12th March 2018 Chinese conglomerate Citic said it would book an impairment of $800-million to $1-billion on the value of its Sino Iron project in Australia for fiscal 2017. "Impairment is a non-cash accounting item, but it will reduce the company's 2017 reported profits," chairman Chang Zhenming said a filing... 

Bauba swings into the black in H1

By: Megan van Wyngaardt     9th March 2018 JSE-listed chrome miner Bauba reported a profit before tax of R46.7-million for the six months ended December 31, against a loss of R6.8-million in the six months to December 31, 2016. Profit attributable to equity holders of the parent was R15.89-million, resulting in diluted headline earnings a... 

BCI appoints drilling contractor for Buckland’s Kumina tenements

By: Megan van Wyngaardt     9th March 2018 JOHANNESBURG ( – ASX-listed BCI Minerals has contracted Core Drilling Services for an upcoming major drilling programme at its Kumina tenements, a component of the Buckland iron-ore project, in the West Pilbara region. The Kumina tenements comprise 480 km2 and were acquired from... 

Australia hopeful of US tariff exemptions

By: Reuters     9th March 2018 Australian Prime Minister Malcolm Turnbull said on Friday he is hopeful of securing an exemption from U.S. tariffs on steel and aluminium after sustained lobby effort by his government. US President Donald Trump on Thursday imposed a 25% tariff on steel imports and 10% for aluminium on Thursday. 

Roads agency intensifies mining-sector engagement

By: Nadine James     9th March 2018 Following its successful participation at the 2018 Investing in African Mining Indaba, the Roads Agency Limpopo (RAL) hosted a stakeholder engagement and fundraising session with the mining industry in the Sekhukhune district municipality last month at Lapeng Guest Lodge in Burgersfort, Limpopo.... 

BASF opens new lab in Joburg

By: Nadine James     9th March 2018 Specialised chemicals company BASF Mining Solutions South Africa, last month opened its new agglomeration laboratory, based at research organization Mintek’s premises, co-located with BASF Mining Solutions’ existing sample preparation and solid-liquid separation laboratory. Following the... 

BASF opens new lab  in Joburg
NATURAL PROGRESSION The agglomeration lab was a natural progression for the company, which has been exploring means of enhancing recoveries for the last five years

Transnet rejects claim of no significant mining-linked rail and port investment in 15 years

     9th March 2018 Anglo American South Africa deputy chairperson Norman Mbazima argues that a revitalisation of South Africa’s rail and port networks will be key to ensuring a recovery in mining investment. Speaking at the Investing in African Mining Indaba, he lamented that he had not seen any significant rail... 

Transnet rejects claim of no significant mining-linked rail and port investment in 15 years

Exxaro negotiating new business opportunities beyond mining 

By: Martin Creamer     8th March 2018 While retaining coal as its bedrock, Exxaro Resources has begun taking steps that will take the company beyond coal and even beyond mining, Exxaro CEO Mxolisi Mgojo said on Thursday. But this is all taking place while Exxaro continues to invest heavily in its long-term coal-mining business, which... 

Exxaro negotiating new business opportunities beyond mining
Exxaro Resources CEO Mxolisi Mgojo’s presentation of 2017 results covered by Mining Weekly Online’s Martin Creamer. Photographs: Dylan Slater. Video and Video Editing: Darlene Creamer

Anglo American renews shipping contract with Vuka Marine

By: Megan van Wyngaardt     8th March 2018 Global miner Anglo American has renewed its various full-time ocean freight contracts with local maritime company Vuka Marine. Under these freight contracts, Anglo American will transport bulk iron-ore and coal products, primarily from the Saldanha Bay port to its customers around the world. 

Anglo American renews shipping contract with Vuka Marine

China's Hebei aims to cut iron, steel making capacity by 20Mt in 2018

By: Reuters     8th March 2018 China's top steelmaking province of Hebei will aim to slash iron and steel making production capacity by more than 10-million tonnes each and shut down all "zombie" mills this year, the province's vice governor said on Thursday. Yuan Tongli, speaking on the sidelines of China's parliament, said... 

Beny Steinmetz's mining firm BSGR enters administration to protect itself 

By: Reuters     8th March 2018 Mining company BSG Resources (BSGR) on Wednesday said it had voluntarily entered into administration, adding it had taken the decision to protect itself as it faces legal action. BSG Resources, the mining arm of billionaire Beny Steinmetz's businesses, is caught up in legal disputes in relation... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

By: Henry Lazenby     7th March 2018 The Prospectors & Developers Association of Canada's (PDAC's) 2018 convention, in Toronto, drew an international crowd of 25 606 people, in what is widely considered as a clear sign that optimism is returning to the mineral exploration and mining industry following several years of turmoil.... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

South Africa's future 'just got a lot more positive', Anglo American CEO says

By: Reuters     7th March 2018 South Africa's future is looking "a lot more positive" since President Cyril Ramaphosa succeeded scandal-plagued Jacob Zuma last month, Anglo American's Chief Executive Mark Cutifani said on Wednesday. Mining companies and South Africa's government have been at loggerheads for years over... 

2 3 4 5 6 7 8 9 Next Last

Latest News


Latest Videos


Company Announcements


Topics In These Articles

RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Free daily email newsletter Register Now