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Ferrous Metals News

Mandela Mining Precinct to produce next gen mining equipment

By: Nadine James     27th April 2018 The Mandela Mining Precinct’s primary objective is to drive research, development and innovation and the investment therein, and it is extremely important, in terms of the local industry’s sustainability, that the next generation of mining equipment is developed by indigenous South African... 

Mandela Mining Precinct seeks to safeguard jobs, says Chamber of Mines

By: Nadine James     27th April 2018 The Chamber of Mines (CoM) is excited about the launch of the Mandela Mining Precinct, which seeks to preserve jobs while creating new skilled positions through its support, research, industrial and sustainable development initiatives for the local mining sector, says CoM senior executive:... 

Mandela Mining Precinct seeks to safeguard jobs, says Chamber of Mines
SIETSE VAN DER WOUDE Industry has to address needs pertaining to the skills, health, safety and personal fulfilment of workers, while ensuring that mining operations become more efficient, and profitable

2015 Mining Phakisa birthed Mandela Mining Precinct

By: Nadine James     27th April 2018 The Mandela Mining Precinct, as one of the key initiatives that resulted from the 2015 Mining Phakisa, is important in terms of developing new mining technologies that support the sustainability, efficiency, and longevity of the South African mining industry while simultaneously catalysing... 

2015 Mining Phakisa birthed Mandela  Mining Precinct
JEFF RADEBE AND RUDI DICKS The Mining Phakisa was a government initiative led by the Presidency aimed at developing a shared vision and growth strategy for the long-term development and transformation of the mining sector

Manufacturing capability to underpin SA’s reindustrialisation 

By: Nadine James     27th April 2018 Mining capital goods industrial cluster, the Mining Equipment Manufacturers of South Africa (MEMSA), funded by its members and the Department of Trade and Industry (the DTI), aims to harness the collective capability of South African capital equipment manufacturers for the development of a world... 

Manufacturing capability to underpin SA’s reindustrialisation
MEMSA chairperson Freddy Mugeri discusses the activities and objectives of both MEMSA and the Mandela Mining Precinct. Camerawork and Editing: Nicholas Boyd.

Vale unsure if New Caledonia nickel operations will continue

By: Reuters     26th April 2018 Brazil's Vale hopes to find a partner for its struggling New Caledonia nickel mine by the end of the year but it is not clear if the world's largest nickel producer will continue nickel operations there, executives said on Thursday. A day after first quarter results showed a 36% slump in profit,... 

Goa iron-ore mines in legal uncertainty over mine closure plans

By: Ajoy K Das     26th April 2018 Iron-ore mines in the western Indian province of Goa, which were closed under a Supreme Court order, have been caught in a legal grey area relating to implementation of mine closure plans. As per regulations, every mine that closes down has to comply with mine closure plans approved by the... 

Vale’s Q1 earnings slump despite record sales volumes, as price tumbles

By: Henry Lazenby     26th April 2018 Brazilian diversified miner Vale – the world’s largest producer iron-ore – has reported a bigger than 36% drop in profit attributable to shareholders for the three months ended March 31. The Rio de Janeiro-based multinational blamed a 12.4% slide in iron-ore prices to $66.41/t in the period for... 

Online submission streamlines application procedure for water licences

By: Nadine James     26th April 2018 The process for water use licence applications (WULAs) is improving as a result of an online system being put in place by the Department of Water and Sanitation (DWS), according to SRK Consulting principal environmental scientist Jacky Burke. Burke, the leader of SRK’s WULA Group, hosted a... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

By: Henry Lazenby     25th April 2018 A new report that fine-combed the national pollutant release and transfer registers (PRTRs) of Canada, the US and Mexico to explore pollutant data reported by industrial facilities, has pointed to the critical need to standardise the way information is collected across the three jurisdictions,... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

China's shrinking steel stockpiles seen giving iron-ore a boost

By: Bloomberg     24th April 2018 Falling steel inventories in China point to an improving outlook for iron-ore through the rest of this half, according to one of the world’s top exporters of the raw material. While demand for iron ore has been slower to rebound after Lunar New Year celebrations than in recent years, steel... 

Kumba on track to meet FY guidance after stable Q1 performance

By: Nadine James     24th April 2018 Kumba Iron Ore says it is on track to meet its full-year production guidance of 30-million to 31-million tonnes of iron-ore, on the back of a stable performance in the quarter ended March 31. Kumba’s production increased by 4% year-on-year to 10.86-million tonnes, driven by a 26% year-on-year... 

Amplats lifts Q1 PGMs output 8% y/y

By: Nadine James     24th April 2018 Anglo American Platinum (Amplats) achieved an 8% year-on-year increase in platinum group metals (PGM) production to 1.2-million ounces for the quarter ended March 31, owing to improved operational performances across its portfolio.  Palladium production was up 9% year-on-year, at 407 400 oz, and... 

Fortescue production falls in March quarter

By: Esmarie Swanepoel     24th April 2018 Severe weather conditions and planned maintenance has seen iron-ore miner Fortescue Metals decrease production during the three months to March. The miner on Tuesday reported that 41.6-million tonnes of ore were mined during the quarter, compared with the 47.5-million tonnes in the previous... 

BHP, Vale given a further 66 days to resolve Samarco dam failure dispute

By: Henry Lazenby     23rd April 2018 A Brazilian federal court has given mining giants BHP and Vale an additional 66 days to resolve a multibillion-dollar settlement regarding their joint venture Samarco mine’s tailings dam failure in 2015, that killed 19 people and is billed as the country’s worst environmental disaster. BHP and... 

Hawsons granted Major Project status

By: Esmarie Swanepoel     23rd April 2018 The Hawsons iron project, in New South Wales, has been granted Major Project status by the federal government. ASX-listed project developer Carpentaria Exploration told shareholders that the elevation to this select status was expected to provide a smoother and potentially faster approvals... 

Koolan Island economics improve on reserve increase

By: Esmarie Swanepoel     20th April 2018 Iron-ore miner Mount Gibson has reported a more than 50% increase in the ore reserves at its Koolan Island project, off the coast of Western Australia. The ASX-listed company on Friday said that the main deposit ore reserve had increased to 21-million tonnes, grading 65.5% iron, extending the... 

Beneficiation in the spotlight this month at Geneva forum

By: Nadine James     20th April 2018 As more than 90 developing economies are dependent on commodity exports, building the skills needed to add value to raw materials and provide decent work are some of key objectives to be discussed next week at the United Nations Conference on Trade and Development’s (Unctad's) eighth Global... 

Union workers reject Rio-owned IOC offer

By: Henry Lazenby     18th April 2018 The United Steelworkers Union (USW) Local 5795/6731, in Labrador City, rejected the latest labour offer proposed by Rio Tinto’s majority-owned Iron Ore Company of Canada (IOC) and the USW negotiations teams. The union represents about 1 400 workers of whom 90% voted in favour of downing tools... 

Altus raises C$4.11m in private placement

By: Creamer Media Reporter      18th April 2018 Aim-listed Altus Strategies has raised about C$4.11-million by way of a nonbrokered private placement of 27.39-million units at C$0.15 each. Each unit is comprised of one ordinary share and one ordinary share purchase warrant that may be used to buy one ordinary Altus share at C$0.30 for five... 

Pallinghurst receives A$83m following Jupiter IPO

By: Creamer Media Reporter      18th April 2018 JSE-listed Pallinghurst Resources has received A$83.1-million following the relisting of Jupiter Mines on the ASX on Wednesday. Jupiter in March announced its plans to relist on the ASX through an initial public offering (IPO) to new investors of up to 600-million shares at A$0.40 a share, to... 

Pallinghurst delivers satisfactory FY17 performance

By: Natasha Odendaal     17th April 2018 Dual-listed Pallinghurst Resources has concluded what it called a “transformational year”, after successfully transitioning into an evergreen operating mining company during the year ended December 31, 2017. The group, which is listed on the JSE and the Bermuda Stock Exchange, on Tuesday posted... 

Pallinghurst delivers satisfactory FY17 performance
Photo by Creamer Media
Pallinghurst CEO Arne Frandsen

Jupiter mines to list on ASX; Tshipi increases FY18 net profit

By: Marleny Arnoldi     17th April 2018 Jupiter Mines, which owns a 49.9% interest in Tshipi é Ntle Manganese Mining, will list on the ASX on Wednesday, with the company’s board and management to ring the ASX bell in Sydney to formally start trading.  

Giyani Metals identifies prospective manganese mineralisation locations in Botswana

By: Marleny Arnoldi     17th April 2018 TSX-listed junior exploration company Giyani Metals Corporation is progressing Phase 1 of its 2018 operational programme in Botswana.  

After setbacks, Anglo American counting on turnaround for Minas-Rio mine

By: Reuters     17th April 2018 Two leaks in a month, a 90-day outage and $58-million in fines is not enough to temper Anglo American's ambition for its long-delayed, multi-billion dollar Minas-Rio iron-ore mine in Brazil. Purchased at the height of the commodities boom a decade ago for $5.5-billion, Anglo American was once... 

After setbacks, Anglo American counting on turnaround for Minas-Rio mine

Atlas' iron output continues to fall

By: Esmarie Swanepoel     17th April 2018 Iron-ore miner Atlas Iron has reported another fall in sales volumes during the three months to March, as wet weather and the closure of the Abydos mine impacted production. Atlas shipped 2-million tonnes of ore during the March quarter, down from the 2.2-million tonnes shipped in the December... 

Vale achieves best-ever quarterly sales in Q1, despite slide in iron output

By: Henry Lazenby     17th April 2018 Brazilian diversified miner Vale has reported its best first-quarter iron-ore sales ever despite production of the iron-making ingredient slipping somewhat during the three-month period. The company reported that output during the quarter ended March 31 slipped 4.9% year-on-year to 81.95-million... 

Vale achieves best-ever quarterly sales in Q1, despite slide in iron output
Photo by Vale
Vale's massive new SD11 mine, in Brazil

Moti Group is open to selling shares in Zimbabwe mine operation

By: Bloomberg     16th April 2018 The Moti Group will consider selling shares in its Zimbabwean chrome mining operations if the government pushes ahead with the proposal that has already met resistance from the country’s biggest platinum producer. Zimbabwean policymakers are debating a bill that will require mining companies to... 

First ‘Resources for Future Generations’ conference to be held in Vancouver

By: Henry Lazenby     13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... 

First ‘Resources for Future Generations’ conference to be held in Vancouver
Photo by Resources for Future Generations Conference
RFG2018 chairperson John Thompson

Merafe’s attributable ferrochrome production decreases 7% in Q1

By: Simone Liedtke     13th April 2018 JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture, in Rustenburg, decreased by 7% year-on-year in the first quarter ended March 31. This decrease was as a result of downtime for additional maintenance requirements at the Lion and Rustenburg... 

Excitement as ‘Wits-style’ gold is discovered in iron-ore hub, but geologist urges caution

By: Nadine James     13th April 2018 While there is no doubt that conglomerate gold has been discovered in the Pilbara, the broader understanding of this style of gold mineralisation in the Pilbara remains incomplete and, therefore, any comparisons with the Witwatersrand (Wits) basin are premature, states SRK Consulting geologist... 

Excitement as ‘Wits-style’ gold is discovered in iron-ore hub, but geologist urges caution

EY launches new team in Natural Resources segment

By: Nadine James     13th April 2018 Assurance and advisory firm EY in Africa, has incorporated a new Transaction Advisory Services (TAS) technical team into its Natural Resources segment. The team includes a century’s worth of combined mining and oil and gas expertise and combines “deep sector expertise and economic competence” to... 

Services demand in Africa rising

By: Melissa Zisengwe     13th April 2018 Over the past two years, local mining engineering consultancy Ukwazi has registered a rise in demand of between 20% and 30% for its service offering across Africa. The demand can mostly be attributed to the openpit operations across South Africa and Africa, but also to openpit operations... 

Services demand in Africa rising
SERVICES DEMAND Ukwazi has a pipeline of clients requesting additional services, mostly in the Southern Africa region

Lava in lab studies could lead miners to new iron-ore deposits

By: Marleny Arnoldi     12th April 2018 A study on iron-ore deposits has found that some magmas split into two separate liquids – one of which is rich in iron – and could lead to the discovery of new iron-ore deposits.  

Lava in lab studies could lead miners to new iron-ore deposits
Photo by Lennart A. Fischer
Researchers placed a mixture of iron-ore samples and typical lavas surrounding Kiruna-type deposits, creating a bulk magma composition

Mt Gibson pushes up sales in March quarter

By: Esmarie Swanepoel     12th April 2018 Junior iron-ore miner Mount Gibson has reported a 16% quarter-on-quarter increase in ore sales for the three months to March, as the company’s efforts at Iron Hill, in the Mid West, paid off. Mount Gibson sold some one-million tonnes of ore during the March quarter, generating free-on-board... 

Burkina Faso to end Timis unit's $1bn manganese deal

By: Bloomberg     12th April 2018 Burkina Faso will proceed with plans to end its agreement with a unit of Timis Mining Corp. to mine a $1-billion manganese deposit even though a dispute about the operation is still pending at the International Court of Arbitration. The West African nation will give Pan African Minerals 90-days... 

Afarak may re-domicile as it progresses Helsinki delisting plans

By: Simone Liedtke     11th April 2018 Vertically integrated specialty alloys producer Afarak is considering changing its domicile from Finland, as the company continues to advance plans to delist from the Nasdaq Helsinki Stock Exchange, leaving it with a listing on only London’s Aim. In an update regarding its delisting plans, which... 

Anglo American fined $21m for Brazil pipeline leaks

By: Reuters     11th April 2018 Brazil's environmental regulator Ibama fined Anglo American $21.1-million for two leaks in the pipeline transporting iron-ore from its Minas Gerais mine, to port in Rio de Janeiro state, the watchdog said on Tuesday. Ibama ordered Anglo American to halt mining operations after the leaks, which... 

Vision 2030 mining growth strategy under development ­– ­DMR

By: Martin Creamer     10th April 2018 A Vision 2030 for the mining industry, and a strategy for growth and competitiveness of the sector, are topics under development, the Department of Mineral Resources (DMR) said on Tuesday, when efforts to finalise and gazette the Mining Charter also intensified. In announcing that Mineral... 

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