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Ferrous Metals News

SRK Ghana expanding into other West African markets

By: Nadine James     19th October 2018 As the economic mood in the global mining industry turns towards the better, SRK Consulting’s Accra office, in Ghana, has been making inroads into new markets in Côte d’Ivoire and Togo, SRK Ghana country manager John Kwofie noted in a release last week. He believes that there is potential for... 

Amid falling platinum prices, PGM miners upping chrome ore production to improve profitability

By: Nadine James     19th October 2018 Some platinum group metals (PGM) producers have become large producers of chrome ore to improve their profitability, says Kagiso Asset Management investment analyst Mandi Dungwa. South Africa is the world’s largest chrome producer, delivering more than half of the global ore supply in 2017, with... 

Amid falling platinum prices, PGM miners upping  chrome ore production to improve profitability

August mining production down 9.1% y/y

By: Creamer Media Reporter      18th October 2018 South Africa’s mining production decreased by 9.1% year-on-year in August, Statistics South Africa reported on Thursday. The decrease was driven by lower output in the iron-ore, gold and platinum group metals (PGMs) sectors. 

Synfuels, manganese production train and Morila mine make headlines  

18th October 2018 This week Mining Weekly editor Martin Creamer unpacks South Africa’s synfuels know-how, Transnet’s manganese production train and Morila mine’s agribusiness conversion. 

Synfuels, manganese production train and Morila mine make headlines
Synfuels, manganese production train and Morila mine make headlines

Euro Manganese reveals site of Czech manganese process plant

By: Creamer Media Reporter      18th October 2018 Canadian junior Euro Manganese (EMM) has secured the right to a parcel of industrial zoned land adjacent to the Chvaletice manganese tailings project, where the company plans to build its high-purity manganese processing facility. The 19.94 ha land will be acquired through EP Chvaletice (EPCS),... 

Jubilee reports solid Q3 performance, growing demand

By: Simone Liedtke     17th October 2018 AltX- and Aim-listed Jubilee Metals has seen a growing demand from both small and global mining companies wanting to work with Jubilee to access the metals available in mine waste, CEO Leon Coetzer said on Wednesday. This statement comes amid the diversified metals recovery company having... 

Gulf cornerstone investor pulls out over mining moratorium risk

By: Esmarie Iannucci     17th October 2018 Manganese ore and alloy developer Gulf Manganese has lost a cornerstone investor in the midst of uncertainty around a moratorium on all mining activities in East Nusa Tenggara, Indonesia. Gulf Manganese in August this year announced a A$10.8-million investment from Indonesian businessman Bapak... 

Samarco could begin partial production in 2020 after dam burst – Vale CEO

By: Reuters     17th October 2018 Samarco, a joint mining venture between Brazil's Vale and BHP Billiton, could resume production at a third of its capacity at the beginning of 2020, Vale's CEO said on Tuesday. Samarco halted operations in late 2015 after one of its dams collapsed, killing 19 people and causing one of Brazil's... 

Ramp-up for Anglo American's Minas Rio mine likely delayed to 2021

By: Reuters     16th October 2018 Anglo American should restart operations at its Brazilian Minas Rio iron ore mine in November or December but a planned ramp-up to 26.5-million tonnes per year is likely to be pushed back to 2021 from 2020 as previously expected, the miner's Brazil chief said on Tuesday. The company halted... 

Ramp-up for Anglo American's Minas Rio mine likely delayed to 2021

Geological, sampling programmes start at ABM’s Côte d’Ivoire project

By: Marleny Arnoldi     16th October 2018 Aim-listed African Battery Metals (ABM) has started geological work on its recently acquired 380 square kilometre Lizetta II nickel/cobalt/chrome exploration project, in Côte d’Ivoire. ABM commissioned a site visit by a technical team to prepare for a structured field exploration programme, the... 

Vale third-quarter iron-ore output hits all-time high

By: Reuters     16th October 2018 Iron-ore output at Brazilian miner Vale, the world's largest iron-ore producer, reached a record in the third quarter, boosted by the ramp-up of its S11D project in the Amazonian state of Pará. In a securities filing on Monday, Vale said iron-ore output jumped 10.3% from the year before to... 

Thabazimbi mine transfer to AMSA finalised

By: Simone Liedtke     12th October 2018 The transfer of ownership of the Thabazimbi iron-ore mine, from Kumba Iron Ore to steel producer ArcelorMittal South Africa (AMSA) has been finalised, Kumba said on Friday. Kumba in early 2017 agreed to transfer the mine, in Limpopo, to AMSA, for R1, plus the assumed liabilities. 

Euro Manganese lists in Frankfurt

By: Creamer Media Reporter      12th October 2018 Canadian explorer Euro Manganese (EMN) has listed on the Frankfurt Stock Exchange, in response to growing interest from European investors. The Canadian company, which owns the Chvaletice manganese project in the Czech Republic, also appointed Deutsche Gesellschaft für Wertpapieranalyse as its... 

Transnet tests world’s longest manganese production train

By: Marleny Arnoldi     11th October 2018 Transnet Freight Rail (TFR) has successfully run a 375-wagon manganese train over a distance of 861 km from Sishen to Saldanha Bay. This formed part of the testing of the 4-km-long train, which will, once in operation, be a production train with the highest number of wagons in the world, and the... 

Mining Indaba intensely focused on driving capital into African mining 

By: Martin Creamer     11th October 2018 An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday. Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be... 

Mining Indaba intensely focused on driving capital into African mining
Investing in African Mining Indaba MD Alex Grose spoke to Mining Weekly Online’s Martin Creamer about the upcoming event. Video, Video Editing and Photographs: Darlene Creamer

Fortescue launches A$500m share buy-back

By: Esmarie Iannucci     11th October 2018 Iron-ore major Fortescue Metals has launched a A$500-million share buy-back programme. CEO Elizabeth Gaines told shareholders on Thursday that the share buy-back was a natural extension of the company’s capital allocation focus, which has shifted from debt reduction following the rapid de-gearing... 

Plea for govt to awaken to massive economic potential of mining  

By: Martin Creamer     10th October 2018 A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy... 

Plea for govt to awaken to massive economic potential of mining
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer on South Africa’s massive mining opportunity loss. Video, Video Editing and Photographs: Christo Greyling.

Commission recommends tribunal approve RPM buyout of Mototolo

By: Marleny Arnoldi     10th October 2018 The Competition Commission has recommended to the Competition Tribunal that it approve Rustenburg Platinum Mines’ (RPM’s) acquisition of the Mototolo Joint Venture (Mototolo JV) and the movable assets of the Mototolo chrome recovery circuit. The commission found that the proposed transaction... 

New equipment to boost PE port’s manganese export capacity by 1.8 Mt/y

By: Marleny Arnoldi     10th October 2018 Transnet Port Terminals (TPT) has taken delivery of the first two of four RAM rotating spreaders that are set to create an additional 1.8-million tons a year of capacity for manganese exports at its Port Elizabeth (PE) terminal. A further two spreaders will arrive from China at the end of... 

New equipment to boost PE port’s manganese export capacity by 1.8 Mt/y
Port Elizabeth Port

Hancock's offer for Atlas about to close

By: Esmarie Iannucci     9th October 2018 Hancock Prospecting’s takeover offer for iron-ore miner Atlas will close on October 12, with the suitor gaining more than a 90% interest in Atlas to date. Hancock said that the shareholding would allow the company to start the compulsory acquisition of the remaining shares in Atlas under the... 

Hancock and Rio Tinto open new Pilbara mine

By: Esmarie Iannucci     9th October 2018 Miners Rio Tinto and Hancock Prospecting have opened the Baby Hope mine, marking the fourth mine to be developed at the Hope Downs operation, since the miners formed their Pilbara joint venture (JV) in mid-2005. The JV partners said that the development of the Baby Hope deposit would assist in... 

Hancock and Rio Tinto open new Pilbara mine

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

Chinese delegation to witness proudly South African logging system
Samcodes Standards Committee chairperson Matt Mullins interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Tharisa on track to meet 2020 targets after record FY18 production

By: Marleny Arnoldi     8th October 2018 The financial year ended September 30 bode well for JSE- and LSE-listed platinum group metals (PGMs) and chrome miner Tharisa Minerals, with record production from its Tharisa mine, in South Africa’s Bushveld Complex, record high recovery rates and a best-in-class safety accolade. “The... 

Tharisa on track to meet 2020 targets after record FY18 production
Tharisa CEO Phoevos Pouroulis

Mines urged to do ‘all they can’ to limit pollution from used oil

By: Nadine James     5th October 2018 The mining industry consumes about 25% of the country’s lubricants - accounting for approximately 300-million litres of oil a year, of which 40% is potentially recyclable used oil, notes the Recycling Oil Saves the Environment (ROSE) Foundation. The organisation notes that used-oil is classified... 

Company opens new office to increase its footprint

By: Donald Makhafola     5th October 2018 Screening and vibrating equipment solutions and services provider Aury Africa has opened a new office near eMalahleni to significantly extend its presence in the Mpumalanga coalfields region. Aury Africa has subsequently entered into supply contracts with significant players in the area. 

Company opens  new office to increase its footprint
EXPANSION Aury Africa has opened a new office near eMalahleni in Mpumalanga

Baffinland commits to more community employment, training opportunities

By: Creamer Media Reporter      4th October 2018 Iron-ore company Baffinland Iron Mines and the Qikiqtani Inuit Association on Wednesday signed an amended Inuit impact benefit agreement (IIBA) in relation to the Mary River mine, strengthening the company’s commitments to the communities. The miner and communities have jointly committed to... 

Euro Manganese starts trading on ASX and TSX-V

By: Esmarie Iannucci     3rd October 2018 European manganese developer Euro Manganese has raised a combined C$8.6-million through a dual Canadian and Australian listing and initial public offering (IPO). The company raised C$2.5-million in an IPO on the TSX-V exchange in Canada, placing 10-million common shares at a price of C$0.25 each. 

Acquisition, manganese and agriculture in mining make headlines 

3rd October 2018 MC Mining has an eye on acquisition and project access, Botswana manganese estimate fires up aspirant battery supplier and the Bokamoso Barona initiative is promising to show how mining and agriculture can go hand-in-hand. Mining Weekly editor Martin Creamer unpacks the headlines. 

Acquisition, manganese and agriculture in mining make headlines
Acquisition, manganese and agriculture in mining make headlines

Vale, BHP reach final deal with prosecutors over Brazil disaster

By: Reuters     3rd October 2018 Brazilian prosecutors in Minas Gerais state said on Tuesday they reached a final compensation deal with mining companies Samarco, Vale and BHP Billiton regarding a 2015 dam burst, Brazil's largest ever environmental disaster. According to a statement from prosecutors released late on Tuesday, the... 

Chinese delegation to study South Africa’s mineral codes

By: Martin Creamer     2nd October 2018 South Africa’s meticulous set of mineral reporting codes has succeeded in attracting a high-ranking Chinese delegation from the Mineral Resources and Reserves Evaluation Centre of the Ministry of Land and Natural Resources (MRREC) in Beijing. South Africa’s Samcodes Standards Committee (SSC) will... 

Chinese delegation to study South Africa’s mineral codes
Photo by Creamer Media
Samcodes Standards Committee chairperson Matt Mullins

2018 ‘challenging’ for South African mining companies – PwC

By: Marleny Arnoldi     2nd October 2018 The 12 months to June 30 proved to be a challenging year for South African mining companies, in contrast with the global mining industry, which achieved a considerable improvement in financial performance compared with the prior year. PwC on Tuesday released the tenth edition of its ‘SA Mine... 

2018 ‘challenging’ for South African mining companies – PwC
PwC energy and mining assurance partner Andries Rossouw

China's at 'peak steel' right now, top iron-ore shipper says

By: Bloomberg     2nd October 2018 The world’s largest steel market is about to go into reverse. Production in China will peak in 2018 and then shrink next year as local demand drops, according to forecasts from the Australian government, which says the shift will add to headwinds for core ingredient iron ore. Mainland steel... 

Botswana manganese estimate fires up aspirant battery supplier

By: Martin Creamer     1st October 2018 A maiden mineral resource at the Kgwakgwe Hill manganese field in Botswana has given a Toronto venture exchange junior exploration company sufficient confidence to proceed immediately with a preliminary economic assessment, Mining Weekly Online can today report. The mineral resource estimate,... 

Botswana manganese estimate fires up aspirant battery supplier
Maiden manganese mineral resource announced in Botswana

Rio and partners to invest $1.5bn in Pilbara

By: Esmarie Iannucci     1st October 2018 Diversified major Rio Tinto and its Pilbara joint venture (JV) partners Mitsui and Nippon Steel & Sumitomo Metal, have approved an $1.55-billion investment to sustain production capacity at two iron-ore projects that form part of the Robe River JV, in Western Australia. Rio’s 53% share of... 

I-CAT partners with UP to develop localised dust suppression solution

By: Nadine James     28th September 2018 Environmental consultants and product developers I-CAT officially launched its localised dust suppression (LDS) system at Electra Mining 2018, two weeks ago. The LDS system comprises a steel structure with strategically mounted nozzles, used to encapsulate dust particles and prevent them from... 

Mitak liners improve overall performance

By: Nadine James     28th September 2018 Johannesburg-based high chrome white irons (HCWI) foundry Mitak produces hard-wearing, abrasion resistant mill and ore-chute linings that can improve the life and grinding-performance of mills, and assist in meeting Mining Charter III local procurement obligations, says Mitak business development... 

Mitak liners improve overall performance
Photo by Creamer Media
GRAHAM ANDERSON & KEVIN KEELING Mitak has the ability to reverse engineer existing liners using laser and optical technology

NMDC firms up capex for next two financial years

By: Ajoy K Das     27th September 2018 India’s largest iron-ore miner, NMDC, has earmarked a capital expenditure (capex) of $902-million over the next two financial years. NMDC has committed this investment even as the miner is on verge of starting commercial production of its three-million-ton greenfield steel plant in the central... 

Bushveld reports first consolidated net profit, net free cash flow for group

By: Simone Liedtke     26th September 2018 Aim-listed Bushveld Minerals on Wednesday reported its first consolidated net profit and net free cash flow for the group for the six-month period ended June 30. Commenting on the results, CEO Fortune Mojapelo said the unaudited financial results for the first half of the financial year reflected... 

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