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Iron-ore futures fall below $40/t as new Australian supply arises

By: Martin Creamer     Updated 6 hours ago The iron-ore price on Singapore's most active iron-ore futures market was below $40/t for the first time, Investec noted on Monday, when it reported that additional iron-ore supply was about to be shipped from Gina Rinehart’s new Roy Hill iron-ore mine, in Australia. Quoting Bloomberg, Investec... 

Mineralogy's $10bn bid stumbles

By: Esmarie Swanepoel     Updated 7 hours ago A Western Australian Supreme Court Judge has ruled that mining personality Clive Palmer’s Mineralogy’s legal proceedings against Chinese government-owned Citic is an "abuse of process" and "unjustifiably oppressive and vexations". Judge John Chaney last week permanently stayed two legal actions... 

Brazil regulator to apply additional fines against Samarco

By: Reuters Brazil's environmental regulator is planning additional fines against iron ore miner Samarco on top of the 20-billion reais in damages and clean-up charges the government is seeking, the country's attorney general, Luis Adams, said on Friday. The regulator, known as Ibama, has already fined... 

Creamer Media publishes African Mining Projects in Progress - Second Edition

Creamer Media’s second edition of its African Mining Projects in Progress 2015 report tracks project developments taking place across various mining sectors on the continent, including coal, copper, gold, iron-ore, platinum and uranium.  

Creamer Media publishes African Mining Projects in Progress - Second Edition

Brazil to sue BHP, Vale for $5bn in damages for dam burst

By: Reuters Brazil's federal and state governments plan to sue the owners of the Samarco iron ore miner for 20-billion reais ($5.24-billion)in damages caused by the burst of a tailings dam, Environment Minister Izabella Teixeira told reporters on Friday. Samarco is a joint venture between BHP Billiton and... 

Brazil dam disaster shows flaws in decrepit mining regulator

By: Reuters With leaking windows, moldy walls and piles of paper where you might expect computers, the office of Brazil's National Department of Mineral Production speaks volumes about the regulation of the country's mining industry. The office, in the capital city of the mine-rich state of Minas Gerais, is... 

India and Afghanistan won't pursue mining, steel project

By: Ajoy K Das India and Afghanistan have called off all talks on a proposed $11-billion iron-ore mining and steel mill project by a consortium of Indian metal companies. According to a senior government official, the Indian government, which had been supporting the Indian consortium through bilateral talks... 

Arsenic and mercury found in river days after Brazil dam burst

By: Reuters Illegal levels of arsenic and mercury polluted the Rio Doce river in the days after a dam burst at an iron ore mine in early November in Brazil's worst-ever environmental disaster, according to tests by a state water agency. The Institute for Water Management in Minas Gerais (IGAM), found arsenic... 


Tramecon is a turnkey laboratory solutions provider, servicing mining projects worldwide from its wholly owned Randburg facility, comprising two mini factories covering 400 m2. The company has recently supplied South Africa-based product logistics monitoring for a Democratic Republic of Congo... 

Macarthur shareholders approve sale of Aus subsidiary

By: Natasha Odendaal TSX-V-listed Macarthur Minerals on Thursday said its shareholders had backed plans to shed subsidiary Macarthur Iron Ore. Last month, the owner of the Western Australian iron-ore projects entered into a share sale agreement with GIM Australia in a deal valued at A$6-million. 

Fortescue pushes back at debt

By: Esmarie Swanepoel Iron-ore major Fortescue Metals this week completed a $750-million debt tender for 2019 and 2022 notes. The company told shareholders that the purchase of the notes, which would settle at the end of November, had resulted in Fortescue recognizing a $124-million pre-tax gain and a saving of some... 

Mud from Brazil dam burst is toxic, UN says

By: Reuters Mud from a dam that burst at an iron ore mine in Brazil earlier this month, killing 12 people and polluting an important river, is toxic, the United Nations' human rights agency said on Wednesday. The statement contradicts claims by Samarco, the mine operator at the site of the rupture, and... 

Mud from Brazil dam burst is toxic, UN says

No reprieve: iron-ore glut defies Samarco dam disaster

By: Reuters Premiums for iron-ore pellets - the highest-quality steelmaking raw material - have sunk this month despite the loss of a fifth of global supplies after a Brazil mine disaster, underscoring the industry's deep glut. Even a permanent closure at the flood-hit Samarco mine would be unlikely to boost... 

Bauba confident of Moeijelijk 20yr mining right in Q1

By: Natasha Odendaal JSE-listed Bauba Platinum is cautiously optimistic of securing a 20-year mining right to replace the current small-scale mining permit over its Moeijelijk chrome deposit, in Limpopo, by the first quarter of 2016. The company lodged the application with the Department of Mineral Resources earlier... 

India’s Telangana province seeks iron-ore to ensure steel mill

By: Ajoy K Das The newly created Indian province of Telangana has stepped up scouting for iron-ore reserves to ensure the location of a three-million-tonne-a-year greenfield steel mill within its own geography. The province has identified 240 km2 and handed it over to the Geological Survey of India (GSI) for... 

BC Iron may venture outside iron-ore

By: Esmarie Swanepoel The chairperson of iron-ore miner BC Iron, Anthony Kiernan, has told shareholders that the company was considering stepping outside of the iron-ore space. Speaking at the annual general meeting, Kiernan said that among the assets that BC Iron acquired in the merger with Iron Ore Holdings at the... 

China needs higher iron price to invest offshore – Fortescue

By: Reuters Chinese investment in Australian iron ore mining is unlikely to revive until beaten-down prices for the steel raw material recover, said Nev Power, CEO of Australia's Fortescue Metals Group. Fortescue went from scratch seven years ago to the world's fourth-biggest iron ore miner with support... 

US judge dismisses Rio Tinto lawsuit against Vale

By: Reuters A US judge on Friday dismissed Rio Tinto's lawsuit accusing rival Vale and others of conspiring to misappropriate its mining rights in the Simandou region, in Guinea. Simandou has some of the world's most valuable iron-ore deposits. Rio Tinto had said in its April 2014 lawsuit that Vale had... 

Environmental approval granted for Hope Downs expansion

By: Esmarie Swanepoel The Western Australian Environmental Protection Authority (EPA) this week approved the expansion plan for the Hope Downs iron-ore mine. Mining giant Rio Tinto and its joint venture partner, Hope Downs Iron Ore, had sought approval to develop the Baby Hope deposit as an amendment to the existing... 

Mulla Mulla shows potential at Nullagine JV

By: Esmarie Swanepoel Iron-ore miner BC Iron on Friday reported that exploration at the Mulla Mulla mining areas, in the jointly held Nullagine project of Western Australia, had proven up. The Mulla Mulla area contains three prospective mining areas, which are located near the existing joint venture (JV) infrastructure. 

New software enables local mines to shorten survey cycles

By: Samantha Herbst Three Southern African mine owner-operators have upgraded their mine survey capability using software launched last year by global infrastructure software developer Bentley Systems. To increase production efficiency by delivering more timely information for planning and operational purposes,... 

New software enables local mines to shorten survey cycles
SURVEY SOFTWARE MineCycle Survey is enabling operations to quickly implement actionable survey intelligence and to distribute that information throughout the enterprise

Tawana gets nod for environmental audit

By: Megan van Wyngaardt Signalling the next step towards completing the overall environmental permitting process for its Mofe Creek project, Liberia’s Environmental Protection Agency (EPA) has granted dual-listed iron-ore miner Tawana Resources approval for its annual environmental audit report regarding its southern... 

Australia-owned iron-ore mine in Norway files for bankruptcy

By: Reuters The Norwegian mining subsidiary of Australia's Northern Iron will file for bankruptcy on Wednesday as its $100-million debt has become unsustainable, Northern Iron told a new conference on Wednesday. Attempts to find new investors for the Sydvaranger Gruve AS mining firm, which has close to 400... 

South32 reviewing tailings dam risk after Brazil disaster

By: Martin Creamer Diversified mining company South32, which was spun out of BHP Billiton earlier this year, is reviewing its tailings dam risk in the light of the collapse that killed 11 and displaced 600 at Samarco, the iron-ore mine in Brazil owned jointly by BHP Billiton and Vale. Under shareholder questioning... 

South32 reviewing tailings dam risk after Brazil disaster
Photo by South32
South32's first annual general meeting

Samarco makes emergency repairs to dams at risk as rain sets in

By: Reuters Brazilian miner Samarco said on Tuesday it is conducting real-time monitoring and emergency repairs on two of its tailings dams that suffered damage in the wake of the November 5 collapse of another dam that killed 11 and left another 12 missing. Officials of Samarco, an iron-ore venture owned by... 

Cliffs blames idling of 2 Minnesota ops on high volume of steel 'dumping' in US

By: Henry Lazenby US iron-ore producer Cliffs Natural Resources on Tuesday complained that foreign steel being "dumped" in the US negatively impacted the steel production levels of its domestic customers, which forced it to shutter two Minnesota operations and cut 450 jobs. While the United Taconite operation had... 

Despite slowing growth, China to remain key growth market for metals

By: Henry Lazenby As commodity prices touched fresh decade-lows in recent months, a look at the global macroeconomic situation reveals that, despite China being a significant part of the commodity price slump, it will remain a critically important growth market for metals for decades to come. Addressing an... 

Despite slowing growth, China to remain key growth market for metals

Link executive pay to mine safety, environment – PRI

By: Martin Creamer Executive compensation should be linked to factors other than financial performance, Principles for Responsible Investment (PRI) MD Fiona Reynolds said on Tuesday. Responding to Mining Weekly Online within the context of this month’s collapse of the tailings dam of the Samarco iron-ore mine in... 

Link executive pay to mine safety, environment – PRI
Fiona Reynolds

Brazil's Vale says Samarco costs so far exceed insurance

By: Reuters Costs and fines already incurred as a result of a deadly dam burst at an iron-ore mine in Brazil run by Samarco have exceeded insurance against civil damages, an executive for Brazilian miner Vale, which owns Samarco along with Australia's BHP Billiton, said on a Monday conference call. 

Let’s rebuild mining together – Menell 

By: Martin Creamer South Africa has done just about everything possible to make running mining businesses very difficult, despite having wonderful mineral resources and many major capitalised mining enterprises. The country is suffering from 20 years of wrongfully assuming that mining has bottomless pockets to pay... 

Let’s rebuild mining together – Menell
Photo by Duane Daws
Rick Menell

Wire producer objects to proposed increase in wire-rod protection

By: Terence Creamer Steel wire and wire products producer Hendok, of Durban, has called on ArcelorMittal South Africa (AMSA) to withdraw its application for protection on wire rod, warning that any increase in the cost of the key input material will result in a reduction of domestic output and further increase the... 

Wire producer objects to proposed increase in wire-rod protection

With lending tight, miners look to swap cash for royalties

By: Reuters A slump in mineral prices that's making it tough for miners to borrow is providing more opportunities for companies such as Anglo Pacific Group, whose business is exchanging cash for production royalties on commodities out of favour with lenders. Banks are becoming increasingly wary of lending... 

Brazil levies initial fines of $66m against mine for burst dams

By: Reuters President Dilma Rousseff on Thursday announced preliminary fines worth 250-million reais ($66.2-million) against a mine in southeastern Brazil where two dams burst, killing at least seven people and coating a two-state area with mud and mine waste. The fines, announced after Rousseff flew over... 

Virtual reality technologies gaining traction in South African mining sector

By: Ilan Solomons The use of virtual reality (VR) technologies in the South African mining industry has grown considerably over the last year, particularly on the back of the University of Pretoria (UP) opening its R50-million Kumba Iron Ore Virtual Reality Centre for Mine Design. Local software developer NxGN CEO... 

Virtual reality technologies gaining traction in South African mining sector

Anglo’s Brazil iron-ore head resigns; more management changes announced

By: Megan van Wyngaardt Diversified major Anglo American’s Brazil iron-ore division CEO Paulo Castellari has stepped down from his position to pursue other opportunities. “Castellari led the Minas-Rio project through its most critical stages over the last three-and-a-half years, ensuring the operation was delivered... 

Anglo’s Brazil iron-ore head resigns; more management changes announced
Paulo Castellari

Two leading steel re-rollers to oppose application for 10% duty on hot-rolled coil

By: Terence Creamer Two leading steel processing companies will make a submission to International Trade Administration Commission of South Africa (Itac) to voice their objection to ArcelorMittal South Africa’s (AMSA’s) application for tariff protection of 10% on hot-rolled coil (HRC). HRC is the flat-steel product... 

Two leading steel re-rollers to oppose application for 10% duty on hot-rolled coil

BHP, Vale CEOs visit Brazilian mine disaster site as toll mounts

By: Reuters The chief executives of BHP Billiton Ltd and Vale SA on Wednesday surveyed the devastation caused by burst dams at a Brazilian mine owned by the mining giants, as the human and environmental toll from the disaster mounted. Six people are confirmed killed and another 22 are missing as a result of... 

Fortescue works to clear debt

By: Esmarie Swanepoel Iron-ore major Fortescue Metals on Wednesday launched a $750-million debt repayment offer for its 2019 and 2022 senior unsecured notes. The company has offered to buy up to $750-million of its debt securities through a modified Dutch auction, and noteholders could tender their 2019 senior... 

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