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Ferrous Metals News

India to incentivise consortiums to build iron-ore pellet plants

By: Ajoy K Das     21st September 2018 India’s Mines Ministry is exploring ways to incentivise private merchant iron-ore miners to form consortiums to construct pelletisation plants in mineral bearing states, in view of a changing raw material preference of steel mills worldwide, particularly in China. Government companies like... 

Taskforce outcomes to set basis of Australia’s first resources plan in 20 years

By: Nadine James     21st September 2018 Minister for Resources and Northern Australia Matt Canavan on Friday welcomed a report by the federal government’s Resources 2030 Taskforce, which he convened in March to ensure that the Australian resource sector remains globally competitive and sustainable The Minister will use the work of the... 

Taskforce outcomes to set basis of Australia’s first resources plan in 20 years
Resources and Northern Australia Minister Matt Canavan

Australian miners spearheading disruptive technology movement – Fitch

By: Nadine James     21st September 2018 Australia’s strong information communications technology and energy infrastructure, highly skilled labour force and government support ensures that its miners will continue to be the frontrunners in implementing technology to cut costs, enhance efficiency and increase mine safety, the latest... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Ramaphosa moves to revitalise mining, create certainty
President Cyril Ramaphosa

Chinese steel mills chase iron-ore contracts with Brazil's Vale

By: Reuters     21st September 2018 Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron-ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale. China, the world's biggest consumer of the steelmaking ingredient,... 

Versatile spin filters extend machinery, equipment life

By: Nadine James     21st September 2018 A compressor exposed to abrasive dust, such as those used in mining environments, could become increasingly inefficient and fail internal damage caused by clogged and compromised intake filters, notes RTS Africa Engineering MD Ian Fraser. Additionally, opencast mine dust frequently enters... 

Versatile spin filters extend machinery, equipment life
IAN FRASER Mining companies use spin filtration for effective dust extraction from compressors' air intake filters and for direct ventilation of variable speed drives

New products can improve safety, productivity

By: Nadine James     21st September 2018 Bidvest Commercial Products division Kelmeg Lifting Services (KLS) has expanded its service offering – aimed at improving safety and productivity, particularly with regard to working at height, and the associated lifting, rigging or lashing requirements. The new safety-focused products can assist... 

New products can improve safety, productivity
Photo by Creamer Media
RODNEY YOUNG Innovation is a pivotal focal point and Kelmeg invests considerably into research and development, every year

Focus turns to nonexplosives-based rock breaking as quest for safer, more-efficient mining intensifies

By: Dylan Slater     21st September 2018 The South African mining industry, once the backbone of economic growth, intensive job creation and development, is declining constantly, owing to the slow rates of research and development into newer, safer, modernised, mechanised and continuous mining methods. A key pillar of improving mining... 

Focus turns to nonexplosives-based rock breaking as quest for safer, more-efficient mining intensifies

BHP seeks approval for $50m US pact over fatal Brazil dam burst

By: Reuters     20th September 2018 BHP Billiton has asked a US judge to approve a $50-million settlement of claims that it fraudulently inflated its share price by overstating its ability to manage safety risks before a fatal 2015 dam burst at a Brazilian mine. The Anglo-Australian mining company's preliminary settlement of... 

China's iron-ore demand to remain flat as scrap steel use rises

By: Reuters     20th September 2018 China's iron-ore demand is expected to stay flat, said an official from Baoshan Iron & Steel Co, the country's biggest listed steelmaker, as Beijing's stricter environmental rules boost the use of scrap steel. China's growing stockpiles of scrap steel should also increase its use in steelmaking... 

Vale says it could expand Brazil iron-ore mine as Chinese demand grows

By: Reuters     20th September 2018 Mining giant Vale is looking at expanding its flagship iron ore project in Brazil amid growing Chinese appetite for higher-grade varieties of the commodity, a company official said on Thursday. China, the world's top consumer of the steelmaking ingredient, has ramped up buying of higher-quality,... 

Vale says it could expand Brazil iron-ore mine as Chinese demand grows

Sitatunga Resources branches out into manganese

By: Marleny Arnoldi     18th September 2018 Exploration and mining project development company Sitatunga Resources has bought the East Manganese project, in Hozatel, Northern Cape, from Southern Ambition, marking the first step in the company’s strategy to build a manganese portfolio in the province. The deal, which was signed on August... 

Tharisa to embark on £3.2m exploration programme prior to Salene acquisition decision

By: Marleny Arnoldi     18th September 2018 JSE- and LSE-listed platinum-group metals (PGMs) and chrome producer Tharisa Minerals has restructured its transaction with Leto Settlement Trust for the acquisition of 90% of the Salene Chrome Zimbabwe prospect. Tharisa has been granted a call option to acquire a 90% shareholding in Salene,... 

Top miner sees US-China trade tensions limiting global growth

By: Bloomberg     18th September 2018 Rising US-China trade tensions threaten to curb consumer purchasing power, crimp productivity growth and limit global economic expansion, according to the world’s biggest mining company. The confrontation between the world’s top two economies, “along with an increasingly unpredictable policy... 

Top miner sees US-China trade tensions limiting global growth

Jupiter declares healthy dividend for H1 2019

By: Marleny Arnoldi     17th September 2018 ASX-listed Jupiter Mines has declared an interim unfranked dividend of $0.05 apiece, to be paid on October 10, equating to a near 100% payout ratio post South African withholding tax and Jupiter income tax payment. Jupiter owns 49.9% of the Tshipi openpit manganese mine, in the Kalahari... 

Saldanha port’s iron-ore facility to shut for maintenance from Sept 26

By: Marleny Arnoldi     17th September 2018 Transnet Port Terminal’s (TPT’s) Saldanha iron-ore plant will shut down from September 26, as part of its yearly maintenance plan across mechanical, electrical and structural works. TPT Cape Channel GM Velile Dube states that maintenance is a critical necessity at this stage, since the facility... 

US iron miner helps launch ad campaign to sing tariff praises

By: Bloomberg     14th September 2018 Some US companies have reacted to the divisive issue of metal tariffs by saying as little as possible. Cleveland-Cliffs, on the other hand, has not only publicly backed the levies, now it’s putting up money to sing their praises. The US iron-ore producer says it’s deploying a promotional... 

New exploration licences validated

14th September 2018 Canada-based diversified miner Maxtech Ventures last month announced that its Zambian mining operation, Maxtech Mining Zambia’s two large-scale exploration licences have been validated by the Minister of Mines and Mineral Development of Zambia. The first large-scale exploration licence is for an... 

New exploration  licences validated
Photo by Creamer Media
HIGH-GRADE MANGANESE Maxtech Ventures’ two specific licence areas have shown the potential for high-grade manganese mineralisation of up to 70% manganese

Zambia’s operational investment spikes

By: Paige Müller     14th September 2018 A positive shift in Zambia’s copper and cobalt mining industries has resulted in an increase in much-needed operational investments by major mining houses, says mining, bulk materials handling and minerals processing equipment and systems supplier TAKRAF Africa. TAKRAF Africa regional sales... 

Zambia’s operational   investment spikes
INCREASED DEMAND Tenova TAKRAF Africa has noted an increase in Zambian mining houses expenditure on operational investments

Strong new collaboration with governments of South Africa, Zimbabwe – Implats 

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats), which is collaborating closely with the South African government to preserve jobs at the heavily lossmaking Impala Rustenburg operation, is also working in very close cooperation with the government of Zimbabwe, where it has secured major tax... 

Strong new collaboration with governments of South Africa, Zimbabwe – Implats
Implats CEO Nico Muller interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer.

South African mining sees considerable decline of 5.2% in July – Stats SA

By: Simone Liedtke     13th September 2018 Mining production in South Africa decreased by 5.2% year-on-year in July, following a 3.7% year-on-year rise in June, mainly as a result of declines in the production of gold, iron-ore, coal and platinum-group metals (PGMs). According to Statistics South Africa (Stats SA), gold decreased by 15%,... 

South African mining sees considerable decline of 5.2% in July – Stats SA

Mercuria to grow iron-ore business with major financing of US mine

By: Reuters     12th September 2018 Global commodities trader Mercuria Energy Group is expanding its iron ore business with a $650-million financing package for US producer Mesabi Metallics in exchange for a majority stake in the firm, Mercuria said in a statement on Wednesday. The Geneva-based firm said it had signed a memorandum... 

South Africa's iron-ore railway to be shut down for annual maintenance

By: Reuters     12th September 2018 The main railway line along South Africa's iron-ore corridor will be shut down for annual maintenance from September 26 to October 2, State-owned freight logistics firm Transnet said on Wednesday. The railway line that stretches up to 861 km (534 miles) from iron-ore mines at Sishen in the... 

Altus provides market update on exploration at Cameroon project

By: Tasneem Bulbulia     12th September 2018 Exploration activities at Altus Strategies’ 97.3%-owned 400 km2 Bikoula and Ndjele high-grade colluvial iron-ore licences in southern Cameroon have confirmed additional supergene haematite.   Reconnaissance pitting and mapping have confirmed additional supergene haematite; while the drilling... 

Meridian granted trial production licence

By: Creamer Media Reporter      11th September 2018 Brazil-focused Meridian Mining has been granted a trial production licence allowing for the extraction of up to 6 000 t/y of manganese oxide concentrate from the exploration licences covering Califórnia, Eduardo Mendes and Calça Frouxa prospects. These prospects have been partially mined for... 

Manganese takes pole position in ARM’s earnings surge

By: Martin Creamer     10th September 2018 Manganese formed the backbone of the earnings performance of diversified mining company African Rainbow Minerals (ARM) in the 12 months to June 30, delivering 64% of the headline earnings, at R1.9-billion, and helping the company move into a strong net cash position by recording the best margin.... 

Manganese takes pole position in ARM’s earnings surge
Photo by Creamer Media Chief Photographer Dylan Slater
African Rainbow Minerals CEO Mike Schmidt

ARM mulling ‘very exciting’ growth opportunities – Motsepe

By: Martin Creamer     7th September 2018 Diversified mining company African Rainbow Minerals (ARM) is right now looking at some very exciting growth opportunities, its executive chairperson Patrice Motsepe said on Friday. After announcing the delivery of 51% higher headline earnings of R4 814-million in the 12 months to June 30... 

ARM mulling ‘very exciting’ growth opportunities – Motsepe
Photo by Creamer Media Chief Photographer Dylan Slater
African Rainbow Minerals executive chairperson Patrice Motsepe (right) with Mining Weekly Online's Martin Creamer at Friday's presentation of results

R2.7bn approved for Gloria project – Assore

By: Martin Creamer     7th September 2018 Capital expenditure (capex) of R2.7-billion has been approved for the modernisation and optimisation of Assmang’s Gloria Manganese Mine at Black Rock in the Northern Cape, Assore CEO Charles Walters told Mining Weekly Online on Thursday. Assore owns 50% of Assmang, which it controls jointly with... 

R2.7bn approved for Gloria project – Assore
Black Rock Manganese Mine in Northern Cape.

Company expands footprint in manganese mining industry

7th September 2018 Mining equipment specialist Osborn Engineered Services has secured an R8.5-million order to supply a range of its high-quality machines to a new manganese mine in the Northern Cape. Osborn product sales manager Francois Scott says that this order and the region are significant for Osborn. The... 

Company expands footprint in manganese mining industry
MANGANESE OPERATION Osborn Engineered Services will supply new machines to a new operation in the Northern Cape

Services group gains agencies, boosts offering

By: Halima Frost     7th September 2018 Vereeniging-based furnace and industrial services provider Dickinson Group of Companies has been appointed as an agent for Danish chemical industry company Haldor Topsoe in Namibia, Zambia and the Democratic Republic of Congo (DRC). Dickinson Group will promote, sell and strategically warehouse... 

Services group gains agencies, boosts offering
HANDLING THE LOAD Dickinson Group's state-of-the-art heavy duty vacuum truck is used for catalyst handling

Manganese star performer, more stability in iron-ore price – Assore

By: Martin Creamer     6th September 2018 Manganese was the star performer for diversified mining company Assore in the 12 months to June 30, when the Johannesburg Stock Exchange-listed record-performer experienced greater stability in iron-ore pricing but also chrome price volatility caused by global tariff uncertainty. In reporting... 

Manganese star performer, more stability in iron-ore price – Assore
Photo by Creamer Media
Assore CEO Charles Walters

Assore posts record sales, output, earnings, dividend

By: Martin Creamer     6th September 2018 Diversified mining company Assore on Thursday posted record-upon-record in what has been an outstanding 12 months for the JSE-listed chrome ore, manganese ore and iron-ore producer that also bettered its lost time injury frequency rate in the period but sadly suffered a fatality. The 12 months to... 

Assore posts record sales, output, earnings, dividend
Assore CEO Charles Walters

Master Drilling acquires Atlantis

By: Martin Creamer     5th September 2018 The strengthening of diversified geographic footprint of mining technology company Master Drilling is continuing with the announcement on Wednesday that the Johannesburg Stock Exchange company had entered into agreements to acquire the businesses of the Atlantis Group, a South African... 

Master Drilling acquires Atlantis
Photo by Creamer Media Chief Photographer Dylan Slater
Master Drilling CEO Danie Pretorius

Treasury must abandon carbon tax plan in light of IRP

By: Martin Creamer     4th September 2018 National Treasury must abandon its plans to introduce carbon tax, which will result in the closure of smelters at a time of desperate need for job retention and export promotion. This is the consensus of opinion canvassed by Mining Weekly Online following last Friday’s release of the Integrated... 

Treasury must abandon carbon tax plan in light of IRP

Eastplats completes framework agreement with Union Goal

By: Simone Liedtke     4th September 2018 Following the fulfilment of the conditions precedent regarding the Union Goal Offshore Solution framework agreement for the Barplats Zandfontein upper group two (UG2) tailings facility, in South Africa, JSE- and TSX-listed Eastern Platinum (Eastplats) continues the construction phase of the... 

IronRidge strengthens management team as it transitions from explorer to developer

By: Simone Liedtke     3rd September 2018 Aim-listed IronRidge Resources continues to strengthen its management team as it transitions from explorer to developer, through securing key executives and senior managers for the next phase of the company’s project and corporate development. On Monday, CEO Vincent Mascolo committed to a further... 

Tungsten Mining buys Hatches Creek

By: Esmarie Swanepoel     3rd September 2018 ASX-listed Tungsten Mining has struck an A$8.68-million deal with fellow listed GWR Group to acquire the Hatches Creek tungsten project, in the Northern Territory. The project consists of two granted exploration licenses totaling 31.4 km2, which cover the historic Hatches Creek tungsten mining... 

Grindrod reports strong recovery in interim earnings

By: Marleny Arnoldi     31st August 2018 Freight and financial services group Grindrod has achieved a strong year-on-year recovery in the six months to June 30, with its earnings a share having increased to 317c, compared with a loss a share of 11.5c in the first half of 2017. Headline earnings a share were 3.8c, compared with a... 

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