R/€ = 16.42 Change: -0.05
R/$ = 14.46 Change: -0.01
Au 1302.44 $/oz Change: -1.30
Pt 834.24 $/oz Change: 1.99

Ferrous Metals News

Transnet promises to ramp up efficiency 

By: Kim Cloete     6th February 2019 Transnet has promised to deal with corruption and step up efficiency around its operations, which have taken a heavy knock over the past few years. “Over the past ten years, we have injected capital of R42-billion into the network side. Yet the scale of the network is worse today than it was ten... 

Vale moves to reduce reliance on tailings dams

By: Mariaan Webb     6th February 2019 Disaster-hit Vale has announced a R$1.5-billion (about $390-million) investment in the implementation of dry stacking technology, as the company moves to reduce its reliance on tailings dams. By 2023, Vale will rely on dry processing for 70% of its production, compared with 40% in 2014 and 60%... 

Vale moves to reduce reliance on tailings dams
Vale CEO Fabio Schvartsman flies over Brumadinho after the dam wall collapse.

India’s Mines Ministry mulls bundled approvals ahead of new mine auctions

By: Ajoy K Das     6th February 2019 India’s Mines Ministry is working on a proposal to bundle mandatory approvals, like forest, environment and pollution, for bidders of 288 mining leases slated to expire in March next year. According to a government official, putting together mandatory approvals prior to holding auctions would... 

Tharisa starts trading on A2X

By: Marleny Arnoldi     6th February 2019 JSE- and LSE-listed platinum-group metals (PGMs) and chrome producer Tharisa on Wednesday started trading on A2X Markets. This is the company’s secondary listing in South Africa, with its primary listing on the JSE. Its LSE listing also remains.  

Vale declares force majeure on iron-ore after halt at mine

By: Bloomberg     6th February 2019 Vale did something it said it wasn’t going to do in the wake of the deadly tailings dam collapse in Brazil last month – declare force majeure on some of its iron ore contracts. Futures in Singapore gained. The Brazilian mining giant invoked the clause a day after a judge forced it to suspend... 

Audit of burst Brazil dam found issues with drainage, monitoring - reports

By: Reuters     5th February 2019 A report commissioned by Brazilian miner Vale SA last year to look into the stability of the tailings dam that ruptured January 25 certified it as sound but raised concerns over its drainage and monitoring systems, newspaper Folha de S. Paulo reported on Tuesday. The report by German-based TÜV... 

Ford engages the mining sector on the road to more EVs

By: Kim Cloete     5th February 2019 Ford is quickening its pace towards the mass production of electric vehicles (EVs) and researching how the mining industry can help it to achieve its goals. “There are tremendous investments taking place at every level to achieve this radical revolution in the automotive industry,” Ford energy... 

Brazil court tells Vale to halt its largest Minas Gerais mine

By: Reuters     4th February 2019 Vale said on Monday that a Brazilian state court has ordered it to stop using eight tailings dams in the wake of a disaster last month that likely killed more than 300 people, a step that will crimp nearly 9% of the company's annual iron ore output. The move is the first step by Brazilian... 

IronRidge’s Côte d’Ivoire field activities ‘gaining momentum’

By: Simone Liedtke     4th February 2019 Field activities are gaining momentum in Côte d’Ivoire, West Africa, for Aim-listed IronRidge Resources’ portfolio of projects, as the country enters its dry season for 2019. Commenting on the company’s latest progress, IronRidge COO Len Kolff noted in a statement on Monday that airborne... 

Japan's Mitsui trims FY profit outlook, to keep stake in Vale

By: Reuters     1st February 2019 Mitsui & Co on Friday cut full-year profit forecast by 2% due to the absence of a dividend from Vale, but the Japanese trading house does not plan to change its holding in the Brazilian miner, a company executive said. With 110 people confirmed dead and another 238 missing, according to... 

Brazil's costly mining failures tied to cheap waste storage

By: Bloomberg     1st February 2019 The deadly collapse of a Vale tailings dam in Brazil is serving as a wake-up call for an industry that regularly cuts costs by storing mining waste in the cheapest possible way. The slurry of ground rock and effluents left over after companies extract marketable minerals from the ground has been... 

Dam collapse will have profound impact on Vale – Moody’s

By: Mariaan Webb     1st February 2019 The deadly dam disaster involving Vale will have a profound impact on the world’s largest iron-ore producer, not only in terms of serious reputational risk, but it could strain the company’s liquidity and its ability to meet financial requirements, Moody’s Investor Service said this week. The... 

Dam collapse will have profound impact on Vale – Moody’s

Merafe records marginal production increase in Q4

By: Tasneem Bulbulia     31st January 2019 JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture for the quarter ended December 31, 2018, increased marginally by 2.6% year-on-year. The venture’s production for the year ended December 31, 2018, increased by 3.2% compared with the previous... 

Fortescue lowers cost

By: Esmarie Iannucci     31st January 2019 Iron-ore major Fortescue Metals has reported higher shipments and lower C1 costs for the quarter ended December. “The Fortesue team have delivered a strong December quarter with shipments of 42.5-million tonnes bringing the total for the first half of the 2019 financial year to 82.7-million... 

India's iron-ore output at 9-year high, but shortage looms next year

By: Ajoy K Das     31st January 2019 India is poised to close the current financial year with iron-ore production of about 210-million tons, the highest in the last nine years, but domestic steel mills are still haunted by the spectre of a shortage of the raw material from next year. According to estimates from industry body, the... 

Strong vanadium market underpins healthy cash flow for Bushveld

By: Simone Liedtke     30th January 2019 A strong vanadium market has ensured that Aim-listed Bushveld Minerals’ Vametco operation, which forms part of Bushveld’s vanadium platform, generated healthy cash flow, despite its operational performance falling below expectations during the fourth quarter ended December 31. Even though the... 

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... 

Minerals Council's Langenhoven warns of tipping point for mining if electricity tariffs increase by 15% a year
Minerals Council South Africa chief economist Henk Langenhoven discusses the impact of Eskom’s proposed tariff increases on South Africa's mining sector. Video and editing: Darlene Creamer.

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... 

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