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Ferrous Metals News

Cleveland-Cliffs picks up substantial Minnesota iron-ore landholdings

By: Henry Lazenby     12th December 2017 NYSE-listed iron-ore producer Cleveland-Cliffs has acquired extensive iron-ore landholdings in Minnesota that could in the future serve to replace depleted resources. Cleveland, Ohio-based Cliffs has completed the acquisition of interests located in Itasca County, west of Nashwauk, Minnesota,... 

Brazil's Samarco wins waste permits in small step toward resuming operations

By: Reuters     12th December 2017 Samarco Mineração, a joint venture between Brazilian miner Vale and Anglo-Australian BHP Billiton, on Monday received two waste system permits in a small step toward resuming operations halted after a November 2015 tailings mine dam collapsed, killing 19 people. The permits issued by Minas Gerais... 

Crucial for commodity countries to build economic resilience – Unctad 

By: Martin Creamer     11th December 2017 Without policy change, commodity-dependent developing countries risk falling short of achieving their sustainable development goals (SDGs) by 2030, United Nations Conference on Trade and Development (Unctad) economic affairs officer Stefan Csordas warned on Monday. Unctad and the Food and... 

Crucial for commodity countries to build economic resilience – Unctad
Unctad’s Stefan Csordas discusses commodities report with Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Lionel de Silva.

Cyril Ramaphosa calls for mining sector action 

By: Martin Creamer     11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... 

Cyril Ramaphosa calls for mining sector action
Photo by Duane Daws
Deputy President Cyril Ramaphosa

WA EPA recommends BHP’s Southern Flank for approval

By: Mariaan Webb     11th December 2017 Western Australia’s Environmental Protection Authority (EPA) has recommended diversified major BHP’s proposal to expand its Mining Area C iron-ore operations for environmental approval. The Southern Flank operation, about 100 km from Newman, will expand the existing Mining Area C hub and is BHP’s... 

First mover Noront shifts RoF focus to Cu/Zn exploration

By: Henry Lazenby     8th December 2017 With the first commitments in place to build roads into Northern Ontario’s emerging Ring of Fire (RoF) mining camp, regional first mover Noront Resources is taking the opportunity to continue to build out its inventory of polymetallic resources by prioritising copper/zinc targets for exploration... 

First mover Noront shifts RoF focus to Cu/Zn exploration

Owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth 

By: Martin Creamer     8th December 2017 New ‘Proudly South African’ start-up Erudite Strategies has hit a rich vein of acceptance in Australia, where investors in junior mining projects in Africa are showing alacrity in taking up its unique client representative and owner’s engineer offering. Each of Erudite’s three leading lights has... 

Owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth
Mining Weekly Online’s Martin Creamer interviews Johann de Bruin, the founding director of the new project engineering company Erudite. Video: Nicholas Boyd. Video Editing: Nicholas Boyd and Lionel da Silva.

Vale sells last two Valemax vessels

By: Henry Lazenby     8th December 2017 Global iron-ore leader Vale has sold the last two of its former fleet of 19 Valemax vessels of 400 000 t capacity. The transaction with the nominees of the Bank of Communications Finance Leasing, netted Vale about $178-million. 

Vale sells last two Valemax vessels

South African equipment company supplies iron-ore giant

     8th December 2017 South Africa-based process equipment sales and supply company MIP Process Technologies has landed a contract to supply equipment to global iron-ore giant Ehya Sepahan, which has operations in the Middle East, most notably Iran. Ehya Sepahan CEO Hadi Golzar and technical and planning manager... 

South African equipment company supplies iron-ore giant
Photo by Duane Daws
STEEL COMMITMENTS Half of Ehya Sepahan’s iron-ore is consumed by the steelmaking industry

Environmental permit bodes well for project financing

     8th December 2017 Iron-ore explorer and developer Zanaga Iron Ore Company (ZIOC) expects the environmental permit for its iron-ore project from the Republic of Congo’s ministry of environment to help attract finance to enable the valuable resource to be brought into production. A joint venture with natural... 

India seeks globally accepted regulations, tax

By: Ajoy K Das     8th December 2017 India’s Steel Ministry is seeking to align the domestic iron-ore mining industry with globally accepted regulations and practices as the country aims to be a 300-million-ton-a-year globally competitive steel producer by 2030. In the course of inter-Ministerial consultations about a new National... 

India seeks globally accepted regulations, tax
Photo by Bloomberg
SUPPLY LINKAGES India’s Steel Ministry has backed the adoption of long-term supply linkages between mines and steel producers

Helping mines find the real source of nitrates in water

By: Nadine James     8th December 2017 The issue of water quality has become topical in the aftermath of the contamination in the Olifants River catchment in Mpumalanga, as well the surfacing of acid mine drainage around Gauteng and other provinces.   Mining consultancy SRK Consulting’s principal hydrogeologist Sarah Skinner... 

South Africa urged to go back to basics to avoid mining’s demise

By: Mia Breytenbach     8th December 2017 For South Africa's mining industry to return to more successful times, the country will need to go back to basics, says Wits Mining Institute director Professor Fred Cawood, who also suggests that these basics could aid in sidestepping the demise of the mining industry in South Africa. These... 

South Africa urged to go back to basics to avoid mining’s demise
PROFESSOR FRED CAWOOD South Africa should embrace mining

Mining will only ‘move forward’ if there is a change of guard at Mineral Resources – lawyer

By: Mia Breytenbach     8th December 2017 The mining industry cannot move forward until new leadership is established within the Department of Mineral Resources (DMR), says law firm Cliffe Dekker Hofmeyr (CDH) mining head Allan Reid, who suggests that such a change could re-establish “some degree of optimism and trust in the mining... 

Mining will only ‘move forward’ if there is a change of guard  at Mineral Resources – lawyer
NEW HORIZONS South African mining companies are exploring other African jurisdictions for mining investment

Company continues ramp-up of new iron-ore asset

By: Natasha Odendaal     8th December 2017 Industrial minerals, commodities and construction materials group Afrimat has successfully recommissioned its recently acquired iron-ore play, with full production on track for March 2018. The acquisition of the distressed small iron-ore mine, Diro, in the Northern Cape, had marked a new phase... 

Company continues ramp-up of new  iron-ore asset
DIRO MINE Afrmat invested R300-million into the Diro iron-ore mine in the Northern Cape

SA stainless steel industry worth $3bn, 100 000 jobs

By: Dylan Slater     8th December 2017 The South African stainless steel industry is “very important” in employing people and growing the economy through exports and the local manufacturing of products, says South African Stainless Steel Development Association CEO John Tarboton.  

SA stainless steel industry worth $3bn, 100 000 jobs
JOHN TARBOTON Accounting for direct and indirect jobs, the South African stainless steel industry accounts for 100 000 jobs and a value of about $3-billion

Global iron-ore growth to be modest

     8th December 2017 Global iron-ore production will grow modestly, with mine restarts and expansions predicted in Brazil and India, boosting production, predicts international market research firm BMI Research. However, output growth in China will decline on the back of falling ore grades and high production costs,... 

Global iron-ore growth to be modest
MODEST GROWTH BMI predicts that the iron-ore sector will grow modestly in 2018

Forecast price drop influenced by Chinese economic refocusing

By: Megan van Wyngaardt     8th December 2017 Maintaining its iron-ore price forecast at an average of $70/t for the year and $50/t for 2018, research firm BMI says its predicted price drop is influenced by China’s economic refocusing away from heavy industry. “This will dampen demand for iron-ore,” the firm says, adding that, when combined... 

Forecast price drop influenced by Chinese economic refocusing
Photo by Duane Daws
KOLOMELA MINE Kumba Iron Ore’s newest mine, located in the Northern Cape. Its subsidiary, Anglo American, aims to offload most of its South African assets

Surge in international iron-ore prices changing Indian market dynamics

By: Ajoy K Das     7th December 2017 The sharp rebound in international iron-ore prices over the last month is changing dynamics of the Indian market, with imports of the steel-making ingredient surging and local miners hiking prices. India’s largest miner, the government-owned and -operated NMDC has increased the domestic sales... 

Mining production sees 5.2% increase in October

By: Anine Kilian     7th December 2017 Mining production increased by 5.2% year-on-year in October 2017, according to the most recent findings from Statistics south Africa. The largest positive contributors were iron-ore, which contributed 2.4 percentage points and coal, which contributed 1.5 percentage points. 

Pallinghurst targets London, okays share buyback, halves executive pay

By: Martin Creamer     7th December 2017 Diversified mining and marketing company Pallinghurst, which has moved fast to stabilise the now-integrated coloured gemstone acquisition, is initiating a listing on the main board of the London Stock Exchange, going ahead immediately with a share buyback programme and benefitting from executive... 

Pallinghurst targets London, okays share buyback, halves executive pay
Photo by Duane Daws
Pallinghurst CE Arne Frandsen

Top iron-ore miner threatens to flood market if prices jump

By: Bloomberg     7th December 2017 Vale SA has a somber message for anyone betting on iron-ore prices returning to the heady days of 2011. The world’s biggest producer of the steel-making ingredient is prepared to unleash as much as 50 -million metric tons of spare capacity to balance the market if prices get too high, CEO Fabio... 

Top iron-ore miner threatens to flood market if prices jump
The plant at Vale's new SD11 iron-ore mine.

Tshipi Borwa manganese mine boosts Jupiter to R336-million interim profit

By: Schalk Burger     6th December 2017 South Africa’s Tshipi Borwa manganese mine provided ASX-listed Jupiter Mines with an interim profit of R336-million, while its Australian Mount Ida magnetite and Mount Mason direct shipping ore hematite projects remain under care and maintenance. “During the half-year period, the focus was on the... 

Fortescue awards Port Hedland towage operator contract

By: Mariaan Webb     6th December 2017 Iron-ore mining company Fortescue Metals has appointed Kotug Australia as its towage services operator for the port of Port Hedland. The new contract, which was awarded following a competitive tender process, will see Kotug supply an additional three tug boats to complement Fortescue’s six new... 

India likely to tweak iron ore fines grades to lower incidence of export tax

By: Ajoy K Das     5th December 2017 The Indian government is considering more gradations in iron-ore fines, based on ferrous content that will offer partial relief from incidence of export tax. The Mines Ministry has constituted a committee to review the existing export duty structure on iron-ore fines and to reconcile conflicting... 

Cleveland-Cliffs launches two debt offerings to fund first hot briquetted iron plant

By: Henry Lazenby     5th December 2017 US iron-ore producer Cleveland-Cliffs has launched two debt offerings totalling $716-million to help fund its first hot briquetted iron (HBI) production plant – a $700-million expansion to Cliffs’ production capabilities targeting the electric arc furnace steel market. Based in Cleveland, Ohio,... 

Change or lose another 100 000 mining jobs – Cutifani

By: Martin Creamer     4th December 2017 Without change, the South African mining industry would lose another 100 000 jobs, said Anglo American CEO Mark Cutifani, who six years ago accurately predicted the recent 100 000 job demise in South African mining. “I'll say it again, absent of change, we’ll lose another 100 000 jobs,” the... 

Change or lose another 100 000 mining jobs – Cutifani
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Iron-ore enters bull market as China's curbs supercharge steel

By: Bloomberg     4th December 2017 Iron-ore has rallied back into a bull market. Prices are surging as China’s crackdown on steel output this winter runs down inventories, helping mills’ profitability and stoking demand for high-grade ore even as investors discount signs of ample supply. Spot ore with 62% iron content jumped 3.7%... 

Fortescue appeals Aboriginal land rights case

By: Creamer Media Reporter      4th December 2017 Iron-ore miner Fortescue Metals has lodged an appeal against a Federal Court ruling in favour of an indigenous Aboriginal group’s claims over land that it uses to mine in the Pilbara. Fortescue CEO Nev Power said on Monday that the group welcomed the recognition of the Yindjibarndi native title,... 

Change of name for BCI to reflect broader strategy

By: Mariaan Webb     4th December 2017 BCI Iron has changed its name to BCI Minerals to reflect the broadening of the company’s strategy to increase its focus on additional commodities. The ASX-listed company has expanded its focus to also include a presence in gold and base metals and has set out to be an “influential Australian... 

Pilot Crushtec launches modular solutions, increases service offering

By: Mia Breytenbach     1st December 2017 Crushing and screening specialists Pilot Crushtec International has launched two new products – the Pilot Modular MAXIscalp 600 and the Metso Nordplant C80 primary crushing station intended for use in modular configurations – at its 2017 Open Day last month.   The MAXIscalp 600 is the world’s... 

Pilot Crushtec launches modular solutions, increases service offering
MODULAR FLEXIBILITY The MAXIscalp 600 scalping plant has a set-up that provides flexibility to adapt to changing operational requirements

South32 upbeat on aluminium, manganese and energy coal prospects

By: Mia Breytenbach     1st December 2017 With the price of various commodities having improved during the 2017 financial year, diversified miner South32 remains optimistic about the aluminium, manganese and energy coal sectors for the year ahead. “Manganese led the way [in terms of price increases], and metallurgical coal, energy coal,... 

South32 upbeat on aluminium, manganese and energy coal prospects
Photo by Bloomberg
GRAHAM KERR The financial results for the 2017 financial year, with the strides we’ve made towards our sustainability, diversity and safety targets, give me confidence for the year ahead

Bushveld unit completes first phase of vanadium project expansion

By: Mia Breytenbach     1st December 2017 Aim-listed Bushveld Minerals’ Bushveld Vametco subsidiary completed the first phase of the Vametco multiphased expansion project in the September quarter, during which Vametco reached a yearly production run rate of 3 035 metric tonnes of vanadium (MTV). Bushveld Minerals and Yellow Dragon... 

Bushveld unit completes first phase of vanadium project expansion
Photo by Duane Daws
FORTUNE MOJAPELO The completion of the expansion project will enhance Vametco’s existing competitive position in a structurally deficit market

A stainless steel industry in Nigeria would be ‘driver of economic development’

By: Dylan Slater     1st December 2017 Nigeria’s mineral wealth of nickel, chromium and molybdenum is positioning the country to be an “investment and foreign exchange haven”, according to Stainless Steel Importers, Installers and Sellers Association of Nigeria (Sisan) director-general Timothy Onwughai.  

Dassault Systèmes heralding in new autonomous mining era  

By: Martin Creamer     30th November 2017 The 'mine of tomorrow' is expected to be a factory-like entity equipped with a multiplicity of autonomous devices, which are controlled by technology savvy personnel working from remote centres, attendees of the natural resources forum heard in Sandton on Thursday. The ‘mine of tomorrow’ would... 

Dassault Systèmes heralding in new autonomous mining era
Dassault Systèmes Geovia CEO Raoul Jacquand interviewed by Mining Weekly Online’s Martin Creamer on mine modernisation. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Australian industry prepares for possible summer power cuts

By: Reuters     30th November 2017 Some of Australia's biggest power users, including mining giant BHP, are taking steps to curb the impact of any repeat of crippling blackouts that hit last summer, worried about a grid that increasingly relies on wind power and old coal-fired plants. Their back-up strategies come despite... 

Fortescue unveils ‘core’ leadership team, names Gaines new CEO

By: Mariaan Webb     30th November 2017 Iron-ore miner Fortescue Metals has rearranged its management to from a core leadership team, led by new CEO Elizabeth Gaines. Gaines is moving from her position as CFO and is replacing Nev Power, who in September announced that he would step down early next year. 

Fortescue unveils ‘core’ leadership team, names Gaines new CEO
CEO-elect Elizabeth Gaines

RCR to design relocatable conveyor for Cloudbreak mine

By: Creamer Media Reporter      29th November 2017 Engineering and infrastructure company RCR Tomlinson has been awarded a A$33-million contract to design, manufacture and construct a 5 km relocatable conveyor system for Fortescue Metals. The relocatable conveyor system will be trailed at the Cloudbreak mine, near Nullagine in the Pilbara. 

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