R/€ = 15.90 Change: -0.01
R/$ = 14.07 Change: 0.00
Au 1320.93 $/oz Change: 5.93
Pt 805.07 $/oz Change: 17.61

Ferrous Metals News

Minerals Council's Langenhoven warns of tipping point for mining if electricity tariffs increase by 15% a year  

By: Nadine James     30th January 2019 State-owned utility Eskom’s proposed tariff increases would cost some 150 000 direct mining jobs, all but eliminate the gold sector and, as a consequence, reduce Eskom’s mining client base by around 36%, thereby exacerbating the utility’s “death spiral”, Minerals Council South Africa chief... 

Keras trucks first manganese ore to Togo port, shipping to start end-Feb

By: Marleny Arnoldi     30th January 2019 Aim-listed Keras Resources has started trucking processed ore from its 10 000 t bulk sampling metallurgical testwork programme at the Nayega manganese project, in Togo, marking the next stage of development at the project. CEO Russell Lamming said the company expects to reach peak haulage of 12... 

Keras trucks first manganese ore to Togo port, shipping to start end-Feb

Euro Manganese tables PEA for Czech tailings project

By: Creamer Media Reporter      30th January 2019 Dual-listed Euro Manganese has announced the results of the preliminary economic assessment (PEA) of its Chvaletice manganese project, in Czech Republic, which shows the tailings project can operate for a quarter of a century, producing 1.19-million tonnes of high-purity electrolytic manganese... 

Euro Manganese tables PEA for Czech tailings project

Tharisa to list on South Africa’s A2X exchange

By: Marleny Arnoldi     30th January 2019 JSE- and LSE-listed platinum-group metals (PGMs) and chrome producer Tharisa has been approved for a secondary listing on A2X Markets, effective February 6. Tharisa has a market capitalisation of R5.1-billion and has its primary listing on the JSE, and a secondary standard listing on the main... 

Tharisa to list on South Africa’s A2X exchange
Tharisa CEO Phoevos Pouroulis

Iron-ore rockets as Vale supply disruption convulses market 

By: Bloomberg     30th January 2019 The global iron-ore market was pitched into turmoil after Brazil’s Vale SA, the world’s largest producer, outlined plans to cut output after a deadly dam breach, buoying shares of rivals as investors weighed the impact of the disruption. Prices soared, with futures rallying more than 9%. Vale... 

Iron-ore rockets as Vale supply disruption convulses market
Photo by Bloomberg
Vale CEO Fabio Schvartsman

Brazil makes Vale arrests as Cabinet meets on fatal dam break

By: Bloomberg     30th January 2019 Brazilian police arrested three employees and two contractors for embattled mining giant Vale SA as an investigation into a dam rupture that has killed at least 65 and left a path of destruction in the state of Minas Gerais widens. The two contractors worked for German consultancy firm TUEV SUED,... 

Giyani secures $1m loan facility for Botswana projects

By: Creamer Media Reporter      29th January 2019 Canadian junior exploration company Giyani Metals has signed a term sheet with Traxys Africa Trading for the provision of a $1-million convertible loan facility. TSX-V- and Frankfurt Stock Exchange-listed Giyani will use the funds to finance the development and operation of its K.Hill and Otse... 

Iron Road halves CEIP plans

By: Esmarie Iannucci     29th January 2019 ASX-listed Iron Road has unveiled plans to halve the size and costs of its Central Eyre iron project (CEIP), in South Australia. The company said that the new plan was driven by a clear industry preference to maximise capital efficiency. As a result, annual targeted output has been reduced from... 

Iron Road halves CEIP plans

Vale's management on thin ice as spill fallout snowballs

By: Bloomberg     29th January 2019 As the death toll continues to rise from a fatal accident at a dam owned by Vale, the Brazilian miner’s top management is coming under increased criticism in the highest levels of government. "There must be punishment," Vice President Hamilton Mourao told reporters in Brazil’s capital on... 

Brazil dam disaster may delay Samarco settlement for BHP, Vale

By: Reuters     29th January 2019 Brazil's deadly tailings dam collapse is likely to complicate a settlement for a similar disaster less than four years ago at the Samarco iron ore mine, owned jointly by Vale and BHP Group, investors said on Tuesday. Vale and BHP have been aiming to restart the mine as early as 2020 following a... 

Brazil dam disaster may delay Samarco settlement for BHP, Vale
A picture of the 2015 Samarco dam disaster.

Vale plunges as deadly dam disaster leads to dividend suspension

By: Bloomberg     28th January 2019 Vale’s dam breach left at least 60 people dead and 292 missing in Brazil, leading the world’s biggest producer of iron ore to suspend dividends as it braces for the financial fallout of the catastrophe. The shares plunged as much as 20%. The collapse of a tailings dam at the Feijao mine in the... 

Vale plunges as deadly dam disaster leads to dividend suspension

Second Vale dam burst in Brazil likely to curb mining risk appetite

By: Reuters     28th January 2019 Mining company Vale's second dam disaster in Brazil in less than four years deals a blow to an industry grappling with investor wariness and a poor image and casts doubt on new President Jair Bolsonaro's vow to reduce government regulation. Brazilian rescue workers on Saturday were searching for... 

Vale suspends dividends, buybacks and bonuses after Brazil dam disaster

By: Reuters     28th January 2019 Vale, the world's largest iron-ore miner, suspended its planned shareholder dividends, share buybacks and executive bonuses in light of a deadly tailings dam disaster in Brazil, according to a securities filing late on Sunday. Vale's board of directors also created independent committees to... 

Death toll rises to 58 as hope dims after Brazil dam collapse

By: Reuters     28th January 2019 Brazilian rescuers searched into the night on Sunday for hundreds of people missing after a burst mining dam triggered a deadly mudslide, as the death toll rose to 58 and was expected to keep climbing more than two days after the disaster. Rescuers worked past sunset to search a bus thought to... 

Death toll rises to 58 as hope dims after Brazil dam collapse
Vale CEO Fabio Schvartsman

Continued investment and development in Africa expected

By: Jessica Oosthuizen     25th January 2019 International metals and minerals consultancy Roskill expects continued interest, investment and development in Africa as the electronic vehicle (EV) revolution continues, says Roskill director Jack Bedder. “Africa has a significant role to play in the lithium-ion battery and EV story. The... 

Continued investment  and development in  Africa expected
Photo by Bloomberg
INCREASING DEMAND Cobalt demand is set to grow significantly and prices are expected to remain high

BME to focus on product improvement and organic growth 

By: Nadine James     25th January 2019 With commodity prices either stabilising or improving and several mining projects entering the last stages of development or coming online in 2019, explosives company BME aims to enhance its product offering while investing in its existing footprint, says BME MD Joe Keenan. BME will showcase its... 

BME to focus on product improvement and organic growth
BME MD Joe Keenan discusses the company’s strategy for 2019

Vibrating-equipment manufacturer to expand internationally

By: Martin Creamer     25th January 2019 As part of a new strategic growth thrust spearheaded by highly experienced mining luminary John Wallington, accomplished South African manufacturer of high-quality customised vibrating equipment – Kwatani – is looking to expand significantly further into Africa and internationally, increase its... 

Kumba meets 2018 production, sales guidance

By: Natasha Odendaal     24th January 2019 Despite significant logistical challenges experienced during the fourth quarter of 2018, JSE-listed Kumba Iron Ore met its production and sales volume guidance for the year. Kumba produced 43.1-million tonnes of iron-ore and sold 43.3-million tonnes, in line with the year’s guidance output of... 

Kumba meets 2018 production, sales guidance

Rio hands out Koodaideri work

By: Esmarie Iannucci     24th January 2019 Contractor NRW Holdings has won a A$65-million bulk earthworks contract from mining major Rio Tinto at its Koodaideri iron-ore mine, in the Pilbara. NRW said on Thursday that the contract is expected to run for a period of 11 months, starting in April this year. 

Gold, copper prices to rebound in 2019 – Fitch Solutions

By: Nadine James     23rd January 2019 Increased economic uncertainty and declining metal stocks are expected to drive gold and copper prices this year, Fitch Solutions commodities analyst Sabrin Chowdhury stated during a webcast on Wednesday. She noted that the expected rebound in gold was “already playing out” and that the price... 

Mount Gibson reports solid quarter

By: Esmarie Iannucci     23rd January 2019 Junior Mount Gibson Iron has reported a solid quarter during the three months to December, with direct shipping ore (DSO) production reaching just over 1-million tonnes, compared with the 1.1-million tonnes in the previous quarter. “Mount Gibson delivered another strong performance in the... 

Champion Iron in exploration JV adjacent to Bloom Lake mine

By: Marleny Arnoldi     22nd January 2019 TSX- and ASX-listed Champion Iron has reached a one-year joint venture (JV) agreement with CSE-listed Supreme Metals to access claims located on the Bloom Lake East property, adjacent to Champion’s flagship asset – the Bloom Lake iron-ore mine, in Quebec. Supreme conducted magnetic survey work... 

Marillana JV kicks off

By: Esmarie Iannucci     22nd January 2019 A joint venture (JV) over the Marillana iron-ore project, in the Pilbara, between ASX-listed Mineral Resources (MRL) and Brockman Mining has kicked off, after the parties executed a mine-to-ship logistics agreement for the transport of the Marillana ore to Port Hedland. MRL said on Tuesday that... 

South African businessperson Moti freed from detention in Germany

By: Bloomberg     22nd January 2019 Zunaid Moti, who owns chrome businesses in South Africa and Zimbabwe, was released from detention in Germany after being held in Munich since August. Moti has returned to South Africa after an arrest warrant issued by Russia was canceled, according to an emailed statement from his company, the... 

To meet climate goals, world urged to reuse natural resources

By: Reuters     22nd January 2019 More of the billions of tonnes of materials the world uses each year must be recycled and reused to keep climate change in check, researchers said on Tuesday. Only about a tenth of the nearly 93 billion tonnes of materials utilised annually - including minerals, metals, fossil fuels and biomass -... 

WA claims BHP artificially understated sales prices to lower taxes

By: Esmarie Iannucci     21st January 2019 Media reports on Monday emerged that Western Australian Premier Mark McGowan would seek royalty payments of up to A$300-million from diversified miner BHP, which the state reportedly believed was underpaid over a period of 12 years. Broadcaster 6PR reported that the Western Australian government... 

WA claims BHP artificially understated sales prices to lower taxes

Mantashe highlights challenges facing South Africa’s mining sector

By: Rebecca Campbell     18th January 2019 Mineral Resources Minister Gwede Mantashe has stressed that the key factor in the future of South African mining was the human element. He did so when delivering the keynote address at the launch, in Pretoria last month, of a book – "The Future of Mining in South Africa: Sunset or Sunrise" – by... 

Empowered Kwatani benefits local mining industry

By: Schalk Burger     17th January 2019 Industrial and mining vibrating screens manufacturer Kwatani has achieved a level-1 broad-based black economic empowerment (BBBEE) score and is 51% black women-owned. This BBBEE accreditation affords significant benefits to its mining clients that can claim 135% of money spent on Kwatani.... 

Empowered Kwatani benefits local mining industry
Kwatani CEO Kim Schoepflin

South32 delivers solid Q2 results; announces leadership shuffle 

By: Esmarie Iannucci     17th January 2019 Diversified miner South32 has reported a solid production performance in the December quarter, with the miner maintaining its production guidance for the full year to June 2019. “We achieved a strong quarter of production, maintaining full-year guidance for all operations with the exception of... 

South32 delivers solid Q2 results; announces leadership shuffle
Photo by Bloomberg
South32 CEO Graham Kerr

India mulling higher iron-ore import duty

By: Ajoy K Das     17th January 2019 The Indian government is mulling an increase in the iron-ore import duty to check rising inward shipments of the steel-making raw material even as domestic market faces a glut. Government sources said that various industry stakeholders, including miners and the government of mineral-rich... 

November mining production down 5.6% y/y  

By: Tasneem Bulbulia     15th January 2019 South Africa’s mining production decreased by 5.6% year-on-year in November. Statistics South Africa on Tuesday reported that the largest contributors to the decrease had been the iron-ore, gold, diamonds and other non-metallic minerals sectors. 

Capstone delivers on FY18 copper output guidance

By: Simone Liedtke     11th January 2019 TSX-listed Capstone Mining produced 155.2-million pounds of copper in 2018, in line with expectations, and has set its 2019 output guidance at between 145-million and 160-million pounds of copper at a C1 cash cost of between $1.80/lb and $2/lb. During this year, the Canadian base metals miner... 

Champion Iron appoints Michael Marcotte investor relations VP

By: Marleny Arnoldi     11th January 2019 TSX- and ASX-listed Champion Iron has appointed Michael Marcotte investor relations VP. Marcotte – a chartered financial analyst – previously spent 15 years working with resource equities for Macquarie Capital Markets Canada.  

Tharisa Q1 output declines as tailings processing takes toll

By: Natasha Odendaal     11th January 2019 The processing of commissioning tailings negatively impacted on dual-listed Tharisa’s overall production and recoveries for the first quarter of the 2019 financial year. During the quarter, ended December 31, platinum-group metal (PGMs) production fell by 5.9% quarter-on-quarter to 33 600 oz and... 

Blaze damages Rio Tinto's Cape Lambert iron-ore export facility

By: Reuters     10th January 2019 Rio Tinto closed part of its Cape Lambert iron-ore export terminal in Western Australia after a fire caused damage, the company said on Thursday. The blaze occurred early on Thursday and was extinguished with no injuries, the company said in an emailed statement. Cape Lambert is located about 1... 

Goldman warns iron-ore's jump into $70s 'is not sustainable'

By: Bloomberg     9th January 2019 Iron-ore’s rally over the past month, with benchmark material pushing back into the $70s, is at risk as banks including Goldman Sachs Group and Morgan Stanley warn that prices are poised to drop back. While industry fundamentals have improved, current prices won’t last as more supply is on the... 

Ferrexpo expects production to remain flat in 2019

By: Tasneem Bulbulia     8th January 2019 London-listed Ferrexpo, which operates mines in the Ukraine, produced about 10.6-million tonnes of iron-ore pellets in 2018 – a 1.2% increase on the 10.4-million tonnes produced in 2017. In a trading update published on Tuesday, the company reported that pellet production for this year would be... 

India to auction 105 blocks in current FY, but upcoming election casts uncertainties

By: Ajoy K Das     21st December 2018 India will auction 105 mineral blocks before the end of the current financial year, the Mines Ministry informed Parliament on Thursday. According to information provided by the Mines Ministry, various state governments have completed the auction of 18 mineral blocks over the past nine months,... 

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