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Ferrous Metals News

Beny Steinmetz's mining firm BSGR enters administration to protect itself 

By: Reuters     8th March 2018 Mining company BSG Resources (BSGR) on Wednesday said it had voluntarily entered into administration, adding it had taken the decision to protect itself as it faces legal action. BSG Resources, the mining arm of billionaire Beny Steinmetz's businesses, is caught up in legal disputes in relation... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

By: Henry Lazenby     7th March 2018 The Prospectors & Developers Association of Canada's (PDAC's) 2018 convention, in Toronto, drew an international crowd of 25 606 people, in what is widely considered as a clear sign that optimism is returning to the mineral exploration and mining industry following several years of turmoil.... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

South Africa's future 'just got a lot more positive', Anglo American CEO says

By: Reuters     7th March 2018 South Africa's future is looking "a lot more positive" since President Cyril Ramaphosa succeeded scandal-plagued Jacob Zuma last month, Anglo American's Chief Executive Mark Cutifani said on Wednesday. Mining companies and South Africa's government have been at loggerheads for years over... 

Australia's Lowe warns Trump tariffs could shock global economy

By: Bloomberg     7th March 2018 Australian central bank Governor Philip Lowe slammed President Donald Trump’s tariffs proposal, warning escalation and retaliation could develop into a “very big shock for the global economy.” In unusually strong language for the Reserve Bank of Australia chief, Lowe described Trump’s proposed... 

 Australia's Lowe warns Trump tariffs could shock global economy
Australian central bank governor Philip Lowe

Mining-specific staff recruitment, management app developed 

By: Mia Breytenbach     6th March 2018 To refine and improve the execution of recruitment within the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed a new, innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention... 

Mining-specific staff recruitment,  management app developed
Innovative mining-specific staff recruitment, management app developed. Editing: Darlene Creamer and Christo Greyling.

Sierra Leone to vote amid discontent over ebola, iron-ore

By: Bloomberg     6th March 2018 Sierra Leone will hold elections on Wednesday in which an unprecedented number of political parties will compete as discontent over the government’s handling of an economy battered by the Ebola outbreak has soared. The vote marks a departure from a decades-old tradition that mainly divided the... 

Trump tariffs are black day for world, business, BHP CEO says

By: Bloomberg     6th March 2018 President Donald Trump’s plans to slap tariffs on steel and aluminium imports is a black day for the world and business, according to the biggest mining company. BHP Billiton and competitors could be hit should other economies follow the move by the US toward a more protectionist and anti... 

Trump tariffs are black day for world, business, BHP CEO says
BHP CEO Andrew Mackenzie

Outlook good for cash-flush Merafe

By: Martin Creamer     6th March 2018 Chrome and ferrochrome company Merafe, which has zero debt and R600-million cash on hand, sees ferrochrome prices being supported by the cost of production in China, solid projected stainless steel production growth and the absence of any major additional ferrochrome supply capacity coming on... 

Outlook good for cash-flush Merafe
Merafe CEO Zanele Matlala

Building trust between miners, host governments a prerequisite to foster economic prosperity

By: Henry Lazenby     6th March 2018 Endemic mistrust between private sector miners and African jurisdictions belies the spirit and objectives set out in the African Union's African Mining Vision, an audience attending the eighth MineAfrica panel discussion at the Prospectors and Developers Association of Canada conference heard on... 

Building trust between miners, host governments a prerequisite to foster economic prosperity
Photo by Henry Lazenby
MineAfrica 8th Panel Discussion on African Mining in 2018-Politics, Policies and Opportunities

S&P's sees further improvement in most metal prices in year ahead

By: Megan van Wyngaardt     5th March 2018 Metals prices have benefited from the improved global economy and from a recently weaker US dollar, in which most commodities are valued, with the Standard & Poor's (S&P's) GSCI reaching a two-year high on January 26, aiding the uptick in global exploration, the research firm's 'World Exploration... 

S&P's sees further improvement in most metal prices in year ahead

Beowulf continues to lobby Swedish govt for Kallak North concession

By: Simone Liedtke     5th March 2018 Aim-listed mineral exploration and development company Beowulf Mining's CEO Kurt Budge has written to the Swedish government in response to the government's request for final comments in respect of the company's application for an exploitation concession for the Kallak North iron-ore project.... 

Eastplats secures financing deal for Crocodile River Mine retreatment project

By: Megan van Wyngaardt     5th March 2018 Dual-listed Eastern Platinum (Eastplats) and its subsidiary Barplats Mines have entered into an agreement with Union Goal Offshore Solution for the construction, mining and processing of the tailings resource, and the subsequent offtake of chrome concentrate from the Barplats Zandfontein Upper... 

Soaring Merafe goes into cashflow orbit, lifts dividend 151%

By: Martin Creamer     5th March 2018 Chrome and ferrochrome company Merafe delivered exceptional results for 2017, setting new production, revenue, earnings before interest tax depreciation and amortisation (Ebitda) and dividend records. Cashflow from operating activities rocketed 179% to R1 400-million, compared with R502-million... 

Soaring Merafe goes into cashflow orbit, lifts dividend 151%
Photo by Creamer Media
Merafe CEO Zanele Matlala

'Don't react': trade experts look past Trump noise at NAFTA talks

By: Reuters     4th March 2018 Donald Trump may be president of the US but his words do not necessarily carry the weight of the US government at the biggest trade shake-up he is pushing. Sometimes, it is better to block them out and carry on, participants say. Negotiations between the US, Canada and Mexico to redraw the North... 

'Don't react': trade experts look past Trump noise at NAFTA talks

Improved H2 sees Grange record stable FY17 profit

By: Megan van Wyngaardt     2nd March 2018 ASX-listed Grange Resources' profit after-tax reached $60.7-million for the year ended December 31, despite a combination of iron-ore market uncertainty and operational difficulties experienced in the first half of the year. The company's operations were restored back to full production in the... 

Study reveals why magmas produced South Africa’s chromium

By: Nadine James     2nd March 2018 The University of the Witwatersrand School of Geosciences' Professor Rais Latypov and his team may have discovered how the country’s chromite layers were formed.  In a statement released on Friday, the School of Geosciences noted that the scientific community still does not possess a complete... 

Study reveals why magmas produced South Africa’s chromium
RAIS LATYPOV Has been studying layers of chromite in South Africa’s Bushveld Complex, where over 80% of the global resources of platinum-bearing chromite deposits can be found

Fortescue secures $500m through bond offering

By: Megan van Wyngaardt     2nd March 2018 Australian iron-ore miner Fortescue Metals Group (FMG) has raised $500-million through offering 5.25% senior unsecured notes, due 2025. FMG CFO Ian Wells on Friday noted that the completion of the offering was a step in the transition from an all-asset secured capital structure to one which... 

Exxaro expects 30% to 40% increase in FY17 core HEPS

By: Nadine James     2nd March 2018 Diversified miner Exxaro Resources expects to report a 30% to 40% increase in core headline earnings per share (HEPS) for the year ended December 31. The core HEPS excludes one-off Items, including costs relating to the implementation of its replacement black economic empowerment transaction, as... 

EV penetration rates to drive demand for numerous raw materials

By: Jessica Oosthuizen     2nd March 2018 With electric vehicle (EV) market growth to drive demand for lithium-ion batteries, as well as the materials used in their anodes and cathodes, soaring demand for numerous raw materials can be expected in the next ten years, says international metals and minerals researcher Roskill steel alloys... 

EV penetration rates to drive demand for numerous raw materials
FUTURE TRENDS Roskill delivered a presentation titled On the Road with Roskill on the side-lines of the 2018 Investing in African Mining Indaba

MTE celebrates 25 years of success

By: Nadine James     2nd March 2018 Travelling exhibition specialist MTE celebrates its twenty-fifth anniversary this year, and the company – founded by Tony Wightman in 1993 – owes its success to its deep engagement with the mining industry, subsequently enabling MTE to establish long-standing relationships with mines and... 

A proposal to the President - A six-point plan

     2nd March 2018 South Africa's minerals and mining industry faces severe headwinds. The Republic of South Africa hosts a treasure trove of geology and minerals, valued at about $2.5-trillion. Without modern exploration, prospecting, and new local and foreign investment, these resources will not be developed for... 

A proposal to the President - A six-point plan

Vale says Samarco should resume operations by year-end or early 2019

By: Reuters     1st March 2018 Executives at Brazilian miner Vale said on Wednesday that the Samarco mine may resume operations around the end of this year or in early 2019, but cautioned that the process depends on obtaining environmental licenses. Work at the Samarco mine, a joint venture between Vale and Australia's BHP... 

Montezuma moves to expedite manganese project

By: Mariaan Webb     1st March 2018 Diversified explorer Montezuma Mining is seeking to take advantage of the strong conditions in the commodity markets by expediting work on its Butcherbird manganese project, in Western Australia. The company has submitted a mining lease application to cover the Yanneri Ridge and Coodamudgi... 

Vale CEO eyes first quarter results in line with fourth quarter

By: Reuters     28th February 2018 Brazilian miner Vale should achieve results in the first quarter that are similar to those in the final three months of 2017, the chief executive officer of the world's top iron-ore producer said on Wednesday. In a conference call after the company reported a nearly 50% jump in profit in the... 

Vale sails new 'green' ship in bid to cut rivals China advantage

By: Bloomberg     28th February 2018 Brazil’s Vale SA has sailed the first in a fleet of more efficient cargo vessels it’s using in a push to minimize the geographical advantage of its Australian rivals in sending iron ore to China. The Yuan He Hai is part of a second-generation line of Very Large Ore Carriers, known as VLOCS or... 

Vale sails new 'green' ship in bid to cut rivals China advantage

Vale Q4 profit rises but misses estimates on costs, forex

By: Reuters     28th February 2018 Brazilian iron-ore miner Vale SA's quarterly net income jumped by 47% but still badly missed analyst estimates, depressed by rising costs and foreign exchange related losses. 

Resounding welcome for Gwede, who declines opportunity to comment

By: Martin Creamer     27th February 2018 New South African Mineral Resources Minister Gwede Mantashe has received a resounding welcome from the Chamber of Mines of South Africa, Business Leadership South Africa (BLSA) and mining luminaries. The Chamber of Mines of South Africa has welcomed the appointment of Mantashe, 62, describing him... 

Resounding welcome for Gwede, who declines opportunity to comment
Photo by Duane Daws
Incoming Mineral Resources Minister Gwede Mantashe

Atlas Iron adjusts product strategy to counter steep discounts

By: Mariaan Webb     27th February 2018 Mid-sized Australian iron-ore producer Atlas Iron has remained cashflow-positive in the financial half-year ended December 2017, despite high discounts for lower grade iron-ore as a result of China cleaning up its pollution act. The company, which mines iron-ore from operations in the northern... 

Atlas Iron adjusts product strategy to counter steep discounts

Stronger-than-expected iron-ore price rally not expected to last – BMI

By: Creamer Media Reporter      23rd February 2018 The strong iron-ore price rally over the last several months is not expected to last and will gradually run out of steam over the next several years as Chinese economic growth refocuses away from heavy industry to services, dampening global demand for the steelmaking ingredient, Fitch... 

Champion Iron Ore sends off first loaded train

By: Henry Lazenby     23rd February 2018 TSX- and ASX-listed miner Champion Iron Ore has dispatched its first loaded train of iron-ore from subsidiary Quebec Iron Ore's (QIO's) flagship Bloom Lake mine, near Fermont. The train load comprised 16 500 t of high-grade 66% iron concentrate and is destined for the Sept-Îles port, from where... 

Grange seeks investors for high-grade magnetite project

By: Nadine James     23rd February 2018 Iron-ore miner Grange Resources and its joint venture (JV) partner SRT Australia on Friday announced the appointment of PCF Capital Group to assist with finding strategic investors for the Southdown magnetite project, near Wellstead, Western Australia. Gange CEO Honglin Zhao stated Southdown was... 

Finland takes top spot for mining-friendly investment 

By: Henry Lazenby     23rd February 2018 Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser Institute, administers its Annual Survey of Mining Companies and ranks jurisdictions around the world... 

Finland takes top spot for mining-friendly investment

De Beers unit’s density measurement system now commercially available

By: Mia Breytenbach     23rd February 2018 De Beers Group of Companies’ innovation division De Beers Technologies South Africa (DebTech SA) has developed a novel density measurement system that can provide process plants with fast and accurate data on material density profiles of particle samples. The availability of this data, in turn,... 

De Beers unit’s density measurement system now commercially available
ACCURATE MEASUREMENT The RhoVol has a process rate of approximately 1 000 particles an hour, which is generally sufficient for a representative sample

Flare-gas-harnessing solution to be on show at Infacon XV

By: Nadine James     23rd February 2018 Swedish clean technology company Ripasso Energy will be presenting its PWR BLOK 400-F solution to the international ferroalloys industry at the fifteenth International Ferro-Alloys Congress (Infacon XV), which is taking place at the Century City Conference Centre in Cape Town, from February 25 to... 

Finnish authority obliges Koncar to launch takeover bid for Afarak

By: Anine Kilian     22nd February 2018 The Finnish Financial Supervisory Authority (FIN-FSA) has obliged Afarak CEO Danko Koncar to launch a takeover bid for Afarak Group shares, and imposed a running conditional fine to enforce the obligation.   LSE- and Nasdaq-listed Afarak on Thursday published a statement issued by the FIN-FSA,... 

Restructured Anglo American reaps benefits, posts solid FY17 results

By: Simone Liedtke     22nd February 2018 After an extensive restructuring, diversified miner Anglo American raised its dividend for the 2017 financial year to $1.02 a share - its highest dividend in nearly a decade. The "fundamentally different business" nearly halved its debt to $4.5-billion and doubled its free cash flow by 93% to... 

Restructured Anglo American reaps benefits, posts solid FY17 results
Diversified miner Anglo American

Burkina Faso seeks new partner for $1bn manganese project

By: Bloomberg     22nd February 2018 Burkina Faso is looking for a new partner to mine the world’s largest manganese deposit after rights disputes thwarted two earlier attempts to develop the $1-billion project. Pan African Minerals, a unit of Timis Mining, was told to stop production at the Tambao mine in 2015 following a change in... 

What happens when China's steel curbs end? Here's BHP's take

By: Bloomberg     22nd February 2018 Steelmakers in China are about to get back to business full-time. When unprecedented winter supply curbs lapse in the coming weeks, BHP Billiton forecasts mills in the top producer will step up output, boosting run rates through the second quarter to make up for curtailments. The resumption will... 

What happens when China's steel curbs end? Here's BHP's take

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