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Ferrous Metals News

ERG mulls construction of battery metals plant

By: Creamer Media Reporter      19th February 2020 Diversified natural resources group Eurasian Resources Group (ERG) is assessing options for the construction of a plant to produce nickel/cobalt/manganese (NCM) precursor materials for use in lithium-ion batteries in electric vehicles (EVs). The group is planning to develop the proposed plant in... 

Mt Gibson's revenue soars

By: Esmarie Iannucci     19th February 2020 Junior miner Mount Gibson Iron has reported higher revenues for the first half of 2020, on the back of increased iron-ore production. Mount Gibson on Wednesday reported that iron-ore sales for the six months to December had reached 2.8-million tonnes, up from the 2.2-million tonnes produced in... 

Fortescue's new mix and higher prices pay off

By: Esmarie Iannucci     19th February 2020 Iron-ore major Fortescue Metals has reported record half year revenues during the six months ending December, after iron-ore shipments increased by 7% on the previous corresponding period. Iron-ore shipments in the first half of the 2020 financial year reached 88.6-million tonnes, up from the... 

Fortescue's new mix and higher prices pay off

Alderon adds second Chinese partner to Kami mine

By: Mariaan Webb     18th February 2020 Beijing-headquartered diversified group Tunghsu has signed a letter of intent to acquire a 26% to 38% interest in the Kami Mine Limited Partnership (Kami LP) from Alderon Iron Ore for between $15-million and $23-million, the TSX-listed iron-ore company announced on Tuesday. Tunghsu will be the... 

Alderon adds second Chinese partner to Kami mine

Eastplats achieves first PGM recoveries from tailings project

By: Marleny Arnoldi     18th February 2020 JSE- and TSX-listed Eastern Platinum (Eastplats) has successfully produced platinum group metal (PGM) concentrate from its refurbished small-scale PGM Circuit D – previously called the scavenger plant circuit. The company is using feed from its retreatment project, located at the company’s... 

Eastplats achieves first PGM recoveries from tailings project
Eastern Platinum's Crocodile River Mine

India’s NMDC firms up capex to lift production by 50%

By: Ajoy K Das     18th February 2020 Indian State-run miner NMDC, the country’s largest iron-ore producer, has firmed up capital investments of $324-million to increase production by 50% to 48-million tons a year by the end of 2020/21. The State miner is committing higher capital expenditure (capex) and is significantly ramping up... 

Kumba pays out 92% of HEPS to shareholders as iron-ore prices lift earnings 

By: Marleny Arnoldi     18th February 2020 JSE-listed miner Kumba Iron Ore delivered a payout ratio of 92% of headline earnings per share (HEPS) for the year ended December 31, exceeding its 50% to 75% dividend payout policy. The company declared a final cash dividend of R15.99 apiece, which, combined with the interim dividend of R30.79... 

Kumba pays out 92% of HEPS to shareholders as iron-ore prices lift earnings
Photo by Creamer Media's Donna Slater
Kumba Iron Ore CEO Thamba Mkhwanazi

Rio downgrades iron-ore expectations after cyclone

By: Esmarie Iannucci     18th February 2020 Diversified giant Rio Tinto has downgraded its iron-ore export expectations for the full 2020, in the wake of Tropical Cyclone Damien. The miner on Tuesday noted that the cyclone had caused infrastructure damage across its entire Pilbara network, including access roads, electrical and... 

ARM's basic earnings expected to rise

By: Simone Liedtke     17th February 2020 Diversified miner African Rainbow Minerals (ARM) expects its basic earnings for the first half of the 2020 financial year to increase by between 60% and 65% to between just over R2-billion and R2.1-billion. Basic earnings per share for the six months under review are expected to be between 1 081c... 

Lower chrome prices drag down Merafe’s headline earnings

By: Marleny Arnoldi     17th February 2020 JSE-listed Merafe Resources expects to report a basic loss a share of between 52.9c and 58.3c for the year ended December 31. The company also anticipates a headline loss a share of between 2.3c and 2.9c for the year, compared with headline earnings a share of 27.2c for the year ended December... 

Rio Tinto to build 34 MW solar plant at Pilbara mine

By: Mariaan Webb     17th February 2020 Diversified mining company Rio Tinto is investing in its first company-owned solar facility, with about 100 000 solar panels set to supply electricity to its new Koodaideri mine in Australia’s Pilbara. The company is investing $98-million in a 34 MW solar photovoltaic (PV) plant, which is... 

Rio Tinto to build 34 MW solar plant at Pilbara mine

Bushveld sees battery storage potential beyond EVs  

By: Simone Liedtke     17th February 2020 While the energy transition is gaining a lot of traction, integrated primary vanadium producer Bushveld Minerals CEO Fortune Mojapelo laments that the battery storage narrative is “still dominated by electric vehicles (EVs)”. He tells Engineering News & Mining Weekly that there is still a lack of... 

Bushveld sees battery storage potential beyond EVs
Bushveld Minerals CEO Fortune Mojapelo chats to Engineering News & Mining Weekly about the energy transition, how vanadium plays a role in this as well as how this fits into the company's growth plans. Video: Creamer Media's Kutlwano Matlala. Editing: Nicholas Boyd.

Brazil state judge accepts charges against Vale ex-CEO, others over dam burst

By: Reuters     17th February 2020 A Brazilian state judge has accepted charges against Vale former CEO Fabio Schvartsman and 15 others related to a fatal disaster at the iron-ore miner's Brumadinho tailings dam a year ago, according to a statement on Friday. The move by a judge in Brazil's mining heartland of Minas Gerais... 

Brazil state judge accepts charges against Vale ex-CEO, others over dam burst
Former Vale CEO Fabio Schvartsman

Integrated approach can ease load-shedding risks

By: Natasha Odendaal     14th February 2020 As South Africa’s industry bears the brunt of devastating power cuts, Zest WEG, the South African subsidiary of Brazilian motor and controls manufacturer WEG, is encouraging mining companies to start adopting integrated, holistic solutions that will reduce energy consumption while diversifying... 

Call made for accelerated exploration to build critical-minerals pipeline

By: Tracy Hancock     14th February 2020 Amid growing demand for critical minerals globally on the back of increased production of the technologies needed to realise a low-carbon future, North America’s policies and regulations are said to be hindering exploration and depleting its project pipeline. This is the most minerals-intensive... 

Call made for accelerated exploration to build critical-minerals pipeline

Low carbon future to dictate PDAC 2020 talks

By: Tracy Hancock     14th February 2020 Mineral exploration and mining’s role in the global shift towards a low carbon future could dominate discussions at this year’s Prospectors & Developers Association of Canada (PDAC) Convention, PDAC executive director Lisa McDonald tells Mining Weekly. “To meet demand for electric vehicle... 

Low carbon future to dictate PDAC 2020 talks
CRITICAL GATHERING Popular topics that should continue to attract high attendance at the PDAC Convention are diversity and inclusion, sustainability, capital markets and Indigenous affairs

NUM members allegedly being ‘held hostage’ at Rustenburg mine

By: Simone Liedtke     13th February 2020 The National Union of Mineworkers (NUM) on Thursday voiced its concern that more than 100 of its members were allegedly “being held hostage” underground at the Lanxess chrome mine, in Rustenburg. According to a statement issued by the NUM, this was as a result of members of the National Union of... 

Beowulf considering 'all legal options' over stalled Swedish project

By: Mariaan Webb     13th February 2020 Exploration and development company Beowulf Mining is considering “all options to take legal action” against the government of Sweden, but said on Thursday that it had not taken a decision yet. CEO Kurt Budge confirmed that the board of Beowulf met in Stockholm this week and that they were... 

Gold drives South Africa’s mining production higher

By: Simone Liedtke     13th February 2020 Mining production in South Africa increased by 1.8% year-on-year in December, Statistics South Africa (Stats SA) reported on Thursday. The largest contributors to this were gold, with output up 24.9% and contributed 2.7 percentage points; other nonmetallic minerals, which was up 24.1% and... 

India employs UAVs to protect Chhattisgarh iron-ore mines

By: Ajoy K Das     12th February 2020 The Indian government has beefed up security in the central state of Chhattisgarh to increase protection of iron-ore mining assets in the region from threats posed by ultra-left-wing extremists. Besides increasing deployment of central paramilitary personnel, the new security protocol is based on... 

Vedanta sets sights on zinc, silver, iron-ore output growth 

By: Kim Cloete     12th February 2020 CAPE TOWN (miningweekly.com) – Natural resources company Vedanta Resources is aiming to become the world's biggest producer of zinc, as well as to double its production of silver and increase its iron-ore output from 10-million to 15-million tonnes a year.  Vedanta has a presence in steel,... 

Vedanta sets sights on zinc, silver, iron-ore output growth
Vedanta Resources executives tell Mining Weekly correspondent Kim Cloete about the group's growth plans and its corporate social investment initiatives. Video and editing: Nicholas Boyd.

Vale loses spot as world's top iron-ore producer

By: Reuters     11th February 2020 Brazil's Vale on Tuesday posted a sharp output decline and $671-million in net additional provisions stemming from a deadly dam burst about a year ago, underlining the enduring effects of the incident on the iron ore giant. In a statement, the company reported a 22.4% fall in fourth-quarter... 

Vale loses spot as world's top iron-ore producer
Vale's S11D iron-ore plant.

Patel asked to brief lawmakers on government’s response to ongoing steel job cuts 

By: Terence Creamer     11th February 2020 The opposition Democratic Alliance has written a letter to Trade and Industry Minister Ebrahim Patel calling on him to brief lawmakers about developments at steel group ArcelorMittal South Africa, which recently warned of additional job cuts at the company. AMSA confirmed on February 6 that,... 

Patel asked to brief lawmakers on government’s response to ongoing steel job cuts

Maputo port breaks record for volumes handled in 2019

By: Marleny Arnoldi     10th February 2020 The Port of Maputo, in Mozambique, handled 21-million tons of goods last year, exceeding its 2018 record of 19.5-million tons. The port handled higher volumes of chrome, magnetite and containers.  

Maputo port breaks record for volumes handled in 2019
Maputo Port

Gulf ore supply to start in Feb

By: Esmarie Iannucci     10th February 2020 ASX-listed Gulf Manganese was expecting first manganese ore at its Kupang smelting facility, in Indonesia, during this month. The company in November of last year rejected an initial 100 t parcel of high-grade manganese from Sulawesi-based PT Arfa Indo Sarana, after the ore failed to meet the... 

Australia's iron-ore ports cleared ahead of cyclone - Pilbara Ports Authority

By: Reuters     7th February 2020 Australia's key iron exporting ports have been cleared ahead of a cyclone that is due to make landfall on Saturday, the port authority said on Friday. "The Port of Port Hedland has moved to Cyclone Alert Stage 3 – Clear Port," Pilbara Ports Authority said in a notice. "The Port Of Dampier has... 

Premier acquires further interest in MN Holdings

6th February 2020 Aim-listed Premier African Minerals will acquire a further 2% in MN Holdings (MNH), the owner and operator of the Otjozondu manganese mining project, in Namibia, for $200 000. This will take Premier's interest in MNH to 12%. 

Video: Minerals Council no longer just the voice of the mining majors 

By: Creamer Media Reporter      6th February 2020 The Minerals Council South Africa is no longer just the voice of the mining majors, Grant Mitchell, who heads up the council's Junior and Emerging Miners Desk pointed out in a briefing at the 2020 Investing in African Mining Indaba, this week. He highlighted that 40% of the Minerals Council's... 

Video: Minerals Council no longer just the voice of the mining majors
Minerals Council South Africa Junior and Emerging Miners Desk head Grant Mitchell addresses stakeholders at the 2020 Investing in African Mining Indaba. Video and editing: Nicholas Boyd.

Video: Venkat, Bristow enourage miners, govts to take a long-term view 

By: Creamer Media Reporter      6th February 2020 Mining companies and host governments have been urged to take a long-term view when investing in the natural resources sector in Africa. In a panel discussion on why investors should consider investing in Africa, Vedanta Resources CEO Srinivasan Venkatakrishnan (Venkat) highlighted the... 

Video: Venkat, Bristow enourage miners, govts to take a long-term view
Mining executives discuss the benefits of investing in Africa's mining sector and the impediments holding back the success of projects. Video and editing: Nicholas Boyd.

Weaker manganese, chrome demand weigh on Assore’s interim earnings

By: Tasneem Bulbulia     6th February 2020 Mining holding company Assore expects both its headlines earnings and attributable earnings for the six months ended December 31, to decrease, on the back of weaker demand for its manganese and chrome products. Iron-ore sales volumes were also lower year-on-year, but this was partially offset by... 

AMSA slumps to R3.3bn loss amid ‘exceptionally difficult’ conditions 

By: Terence Creamer     6th February 2020 Steel producer ArcelorMittal South Africa (AMSA) slumped to a R3.3-billion headline loss in 2019, which the JSE-listed group described as an exceptionally difficult one for the South African economy and also the most challenging for the world steel industry since the global financial crisis of... 

AMSA slumps to R3.3bn loss amid ‘exceptionally difficult’ conditions
Wind-down of the Saldanha Works, in the Western Cape, to be largely completed by the end of the first quarter

Transnet’s new head promises an open door and action

By: Kim Cloete     5th February 2020 State-owned Transnet’s newly appointed CE Portia Derby has pledged to partner with the mining industry in an open and transparent way in a bid to boost the utility and ultimately help grow the economy. “We want to be a cool, easy company to deal with. We don’t want to make it difficult for you to... 

Transnet’s new head promises an open door and action

Coronavirus hurts base metals, iron-ore prices

By: Simone Liedtke     5th February 2020 The outbreak and contagion of a new strain of the coronavirus – which began in the Chinese city of Wuhan in December – has contributed to renewed concerns over economic growth prospects, particularly in China. China, which is a major supplier and consumer of base metals as well as a major... 

Minerals Council South Africa lobbying strongly for junior miners   

By: Martin Creamer     5th February 2020 Junior and emerging miners hold the majority of the 1 700 to 1 800 mining rights that have been issued in South Africa, Minerals Council South Africa social performance head Alex Khumalo said on Wednesday. But most of these rights are not being exercised, Khumalo revealed at a media briefing he... 

Minerals Council South Africa lobbying strongly for junior miners
Minerals Council social performance head Alex Khumalo, junior miners leadership forum chairperson Errol Smart and junior and emerging miners' desk head Grant Mitchell in a briefing at the 2020 Investing in African Mining Indaba. Video and editing: Nicholas Boyd.

OM Holdings braces for supply constraints

By: Esmarie Iannucci     5th February 2020 ASX-listed OM Holdings on Wednesday warned shareholders of a potential raw material supply chain disruption as the Coronavirus continues to rage. The company told shareholders that regional authorities in China have taken precautionary measures to contain the spread of the Coronavirus, which has... 

Glencore reports lower full-year copper, ferrochrome output

By: Tasneem Bulbulia     4th February 2020 Global diversified natural resource group Glencore on Tuesday released its full-year production results, with own-sourced copper production of 1.3-million tonnes for the period 82 500 t, or 6%, lower Year-on-year. About half of this (40 800 t) related to its African copper assets, with Katanga's... 

Glencore reports lower full-year copper, ferrochrome output
Photo by Bloomberg
Kamoto

Equatorial strikes deal with Congolese partner

By: Esmarie Iannucci     4th February 2020 PERTH (miningweekly.com) – Junior Equatorial Resources has entered into a strategic alliance agreement with Congolese company Rock Mining SARL to advance the development of the Badondo iron project, in the Republic of Congo. Under the terms of the alliance agreement, Rock Mining will assist... 

The race is on for iron-ore riches buried under an African jungle

By: Bloomberg     4th February 2020 For years, the massive iron deposits under Guinea’s mountainous jungle were practically forgotten by the mining industry. Caught up in wrangles between owners and authorities in the West African nation, it seemed the super-rich ore might never be dug up.  That all changed last year, as investors... 

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