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Ferrous Metals News

Reviewed Central Eyre mine plan speeds up production timetable, cuts capital costs

By: Ilan Solomons     31st October 2017 ASX-listed Iron Road on Tuesday announced that a review of the mine plan of its Central Eyre iron-ore project (CEIP), in South Australia, had identified lower upfront capital requirements and that it had accelerated the project’s ore extraction. The review, conducted by Thiess-RWE, focused on... 

Beowulf appoints Swedish chairperson

By: Creamer Media Reporter      30th October 2017 Mineral exploration and development company Beowulf Mining has appointed 68-year-old Swede Per Göran Färm as its chairperson with immediate effect, succeeding Bevan Metcalf. Färm was an elected Member of the European Parliament (MEP) from 1999 to 2004 and, then again, from 2007 to 2014. He was... 

IHS Markit's materials price index rises 1.6% as commodities lead the way

By: Henry Lazenby     27th October 2017 The materials price index (MPI) from Global Insight by IHS Markit gained 1.6% last week, its strongest increase since late August, breaking a two-week streak of losses, the research firm revealed on Friday. According to IHS Markit economist Cole Hassay, the expansion was broad-based, with seven... 

NMDC requests protecton from ultra-left extremists in Chhattisgarh

By: Ajoy K Das     27th October 2017 Indian iron-ore miner NMDC has stated that ultra-leftwing extremism and violence pose the greatest risk to its assets in central Indian province of Chhattisgarh. In a company statement, NMDC points to disturbances created by extremists in the Bailadila region, where it operates iron-ore mines. 

Fortescue lowers C1 costs further

By: Esmarie Swanepoel     26th October 2017 Iron-ore major Fortescue Metals has reported a slight decline in production during the three months to September, while shipping volumes remained relatively unchanged. Ore mined during the quarter reached 45.7-million tonnes, down from the 53.5-million tonnes produced in the previous quarter,... 

Govt eager to get mining parties back to the table – Gigaba

By: Natasha Odendaal     25th October 2017 With the implementation of the revised – and heavily contested – Mining Charter Three postponed to December, Finance Minister Malusi Gigaba on Wednesday said it was critical that the current impasse in the mining sector be resolved. Earlier this year, the Department of Mineral Resources (DMR)... 

Govt eager to get mining parties back to the table – Gigaba
Photo by Duane Daws
Mineral Resources Minister Mosebenzi Zwane

Shared vision needed for mining to boost entire economy – Mgojo

By: Martin Creamer     24th October 2017 A collective national vision, which must be viable, inclusive and transformative, is urgently needed to unleash mining’s latent ability to energise the entire South African economy, Chamber of Mines president Mxolisi Mgojo said on Tuesday. Speaking at a media lunch, Mgojo emphasised the folly of... 

Shared vision needed for mining to boost entire economy – Mgojo
Photo by Duane Daws
Chamber of Mines president Mxolisi Mgojo

Kumba Q3 output down 2% y/y; FY guidance raised

By: Mia Breytenbach     24th October 2017 Anglo American subsidiary Kumba Iron Ore’s production decreased by 2% year-on-year to 11.5-million tonnes for the quarter ended September 30. This was owing to a 7% decrease in the Sishen mine’s production to 7.8-million tonnes, compared with 8.3-million tonnes in the third quarter of 2016. 

Kumba Q3 output down 2% y/y; FY guidance raised

India’s attempts to set benchmark iron-ore price remain a nonstarter

By: Ajoy K Das     24th October 2017 India’s exercise to set a benchmark iron-ore price is likely to remain work in progress, if not be relegated to the backburner, in the absence of any consensus within government and industry. The Mines Ministry has mooted and initiated processes to evolve a benchmark iron-ore price, based on the... 

Inside one billionaire's fight against global iron-ore glut

By: Bloomberg     24th October 2017 The global iron-ore market may be oversupplied for as long as half a decade, keeping prices under pressure, according to billionaire Anil Agarwal’s Vedanta, which plans to fight back by raising the quality of its output amid a global shift toward higher-grade material being driven by China’s... 

Cleveland-Cliffs lifts Q3 earnings as US ops shine, Asian segment struggles

By: Henry Lazenby     23rd October 2017 US iron-ore producer Cleveland-Cliffs has reported strong third-quarter results for the three months ended September 30, beating analyst forecasts for earnings per share. The Cleveland, Ohio-based company reported adjusted net earnings, which typically excludes special items, of $0.36 a share,... 

Cleveland-Cliffs lifts Q3 earnings as US ops shine, Asian segment struggles

Nigeria seeks to boost mining reserves to lure investors

By: Bloomberg     20th October 2017 Nigeria plans to spend 15-billion naira ($42-million) over the next year to explore for minerals and attract investors into mining and reduce its dependence on oil, Solid Minerals Development Minister Kayode Fayemi said. “Because we are starting from a low base, we want to have a portfolio of... 

Atlas Iron turns cash positive as turnaround bears fruit

By: Esmarie Swanepoel     20th October 2017 Iron-ore miner Atlas Iron on Friday announced that it had become net cash positive following the end of the September quarter with some A$93-million cash on hand and a further A$21-million in its reserve account. MD Cliff Lawrenson told shareholders that the transition to a net cash status... 

Atlas Iron turns cash positive as turnaround bears fruit

Company explores tailings project, defines overall resource

By: Nadine James     20th October 2017 Rustenburg-based miner LANXESS Chrome Mining – owned by German speciality chemicals company LANXESS – is investigating the viability of a tailings retreatment project, in addition to defining the resource of its existing opencast licence and that of its recently acquired land, thereafter... 

South Africa spending less than its peers on mining research and development

By: Mia Breytenbach     20th October 2017 While South Africa had increased its investment in mining research and development (R&D) since 2014, the country’s investment was still below that of its peers, delegates heard during a panel discussion on ‘Technological Innovation and Advancements in the Mining Industry’ at the Joburg Indaba... 

LANXESS

     20th October 2017 Despite South Africa being the largest contributor to the ferrochrome industry, the sector remains under immense pressure. Specialty chemicals company LANXESS is the only company in South Africa that handles the entire chemical chrome value chain, from the mining of the raw material, chrome ore,... 

LANXESS

General uptick in West Africa mining as commodity prices improve

By: Ilan Solomons     20th October 2017 There have been a number of recent positive developments in West Africa’s mining industry, such as in Mali, where two new mines are scheduled to be commissioned by the end of this year. This is according to engineering and scientific consultancy SRK Consulting Ghana country manager John Kwofie,... 

General uptick in West Africa mining as commodity prices improve
Photo by SRK Consulting
JOHN KWOFIE SRK has been engaged in aspects of iron-ore projects in Cameroon, bauxite in Guinea and diamonds in Sierra Leone and Guinea in recent years

Remove exploration red tape or mining will die, geologist warns 

By: Martin Creamer     19th October 2017 The excessive red tape around minerals exploration must be removed to prevent the demise of South Africa’s vital mining industry, consulting exploration geologist Allan Saad said on Thursday. Saad, who spent 18 years in geological roles with mining major Rio Tinto and who formerly represented the... 

Remove exploration red tape or mining will die, geologist warns
Consulting exploration geologist Allan Saad outlines current exploration constraints to Mining Weekly Online’s Martin Creamer. Photographs: Christo Greyling. Video and Video Editing: Nicholas Boyd.

BHP's chairperson holds first annual meeting, plans to review board

By: Bloomberg     19th October 2017 In  Ken MacKenzie’s first annual shareholder meeting at BHP Billiton, he emphasised that while the company will listen to investors, it is the board that makes decisions. For most companies, that’s a pretty unremarkable statement, but it carries extra weight at BHP, which is under pressure by... 

BHP's chairperson holds first annual meeting, plans to review board
BHP chairperson Ken Mackenzie

Insimbi’s H1 earnings rise

By: Anine Kilian     19th October 2017 JSE-listed Insimbi Refractory and Alloys’ earnings before interest, taxes, depreciation and amortisation increased by 273% year-on-year to R179.8-million for the six months ended August 31. Earnings a share were up by 142% year-on-year to 11.97c and headline earnings a share increased by 150%... 

South32 bolsters net cash to $1.7bn, reports solid Q1 results

By: Esmarie Swanepoel     19th October 2017 Diversified miner South32 on Thursday reported its financial and operational results for the first quarter of the 2018 financial year, telling shareholders that stronger commodity markets had delivered a $33-million increase in its net cash position. “Our key commodity markets continue to... 

South32 bolsters net cash to $1.7bn, reports solid Q1 results
Photo by Bloomberg
South32 CEO Graham Kerr

Cu-River unveils A$800m Cairn Hill magnetite expansion

By: Esmarie Swanepoel     19th October 2017 Privately held Cu-River Mining Australia has announced an A$800-million expansion of the Cairn Hill magnetite mine, in South Australia. The investment would triple current magnetite production initially to three-million tonnes a year, and then up to 15-million tonnes a year by 2021, creating up... 

Cu-River unveils A$800m Cairn Hill magnetite expansion

BHP told bending to activists poses risks for debt investors

By: Bloomberg     19th October 2017 BHP Billiton’s new chairman Ken MacKenzie is grappling with a simmering campaign by activist shareholders -- moving too far to appease them could risk unsettling debt investors who own the world’s biggest miner’s $24-billion of bonds. The campaign by funds including billionaire Paul Singer’s... 

BHP told bending to activists poses risks for debt investors
BHP new chairperson Ken Mackenzie

Chamber files for review of 'disastrous' Mining Charter

By: News24Wire      18th October 2017 The Chamber of Mines filed an application in the North Gauteng High court on Tuesday to have a judicial review and setting aside of the Mining Charter. According to the founding affidavit, the Charter released by Mineral Resources Minister Mosebenzi Zwane on June 15 had, and continues to have, a... 

Chamber files for review of 'disastrous' Mining Charter
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter

South African mining industry must modernise – Chamber of Mines

By: Dylan Slater     18th October 2017 The South African mining industry has to modernise as a matter of urgency in order to halt job cuts in the industry, as well as to create more jobs, says Chamber of Mines modernisation and safety head Sietse van der Woude. Delivering a keynote address at diversified engineering solutions company... 

BHP on track for 7% volume growth in FY18; guidance intact

By: Henry Lazenby     18th October 2017 The world’s largest mining house BHP Billiton said on Wednesday it remained on track for a 7% volume growth in the 2018 financial year, leaving its full-year 2018 guidance unaltered. The Melbourne, Australia-based miner reported its operating results for the three months ended September 30,... 

BHP on track for 7% volume growth in FY18; guidance intact

Rio Tinto produces more iron-ore and coal, but cuts copper guidance

By: Esmarie Swanepoel     17th October 2017 Diversified major Rio Tinto has reported increased production across its iron-ore and coal assets, but has adjusted its copper output expectations for the full year on the back of delays at the Escondida operation. “The business performed very well in the September quarter, with a strong... 

Rio Tinto produces more iron-ore and coal, but cuts copper guidance
Photo by Bloomberg
Rio Tinto CEO Jean-Sebastian Jacques

Exploration, junior culture needed to save mining – Bristow 

By: Martin Creamer     16th October 2017 Unless South Africa starts exploring again and finds new ore deposits, the country will continue to turn out the lights of the mining sector. With poor policy added, disinvestment and lack of interest will ultimately stop South Africa’s mining industry in its tracks, which will deal a colossal... 

Exploration, junior culture needed to save mining – Bristow
Top resources consultant Dr John Bristow outlines the urgent need for exploration to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Iron-ore rallies as China imports bust 100Mt level

By: Bloomberg     13th October 2017 Iron-ore imports by China surged above 100-million metric tons to a record, smashing the previous high set in 2015, as the country’s concerted push to clean up the environment stoked demand for higher-grade material from overseas while hurting local mine supply. Prices rallied. 

Merafe’s year-to-date attributable volumes from Glencore-Merafe Chrome Venture stable

By: Natasha Odendaal     13th October 2017 JSE-listed Merafe Resources on Friday reported a marginal increase in its attributable ferrochrome production from the Glencore-Merafe Chrome Venture for the nine months to September 30. Attributable production increased to 286 000 t in the period under review, from 285 000 t in the comparable... 

Energy efficient motors used for Mpumalanga chrome conveyor system

By: Nadine James     13th October 2017 Automation manufacturer SEW Eurodrive South Africa (SEW SA) supplied multiple units of its DRN motors to an Mpumalanga chrome producer in August. The energy efficient motors form part of a trial project for a materials handling solution, says SEW SA Mbombela branch manager Jonathan Mckey. He... 

Energy efficient motors used for Mpumalanga chrome conveyor system
CONVEYING CHROME The IE3-compliant DRN electric motors will propel a chrome producer's main incline conveyors, which carry mined ore to the surface for handling and stockpiling

Product tackles inclement conditions, improves productivity

By: Nadine James     13th October 2017 One of the biggest challenges facing the mining industry with regard to its motors, gear drives and belt drives is protection from adverse weather conditions and the resulting ingress of dust and moisture, says pumps manufacturer Australian Pumps, commonly known as Aussie Pumps. “In the Pilbara,... 

Product tackles inclement conditions, improves productivity
COMPREHENSIVE PROTECTION Envelop covers protect key assets from dust, corrosion, heat and ultraviolet light, reducing the cost of maintenance

Self-starters share secrets to success in the South African mining sector

By: Ilan Solomons     13th October 2017 There are many ways for entrepreneurs to enter the mining industry, including as project developers, service providers and product suppliers – all of which hold great opportunities and challenges, states mining investment advisory company MX Mining Capital Advisors director Dr Mike Seeger. The... 

Self-starters share secrets to success  in the South African mining sector

South African mining production surges 6.9% in August, exceeds expectations

By: African News Agency      12th October 2017 Mining production in South Africa increased by 6.9% year-on-year in August whilst seasonally adjusted mining production increased by 5.3% in the same month compared with July, Statistics South Africa (StatsSA) said on Thursday. StatsSA said the biggest contributors to the jump in production were... 

China gobbles Amazon rainforest ore to clean polluted skies

By: Bloomberg     12th October 2017 A bid by China to clean up pollution in its biggest cities and industrial towns is fueling a push to mine resource riches on the other side of the globe in the Amazon rainforest -- one of the most environmentally sensitive areas on Earth. Smog-laden skies across the world’s most-populated country... 

South Africa should consider agromining – US professor 

By: Martin Creamer     11th October 2017 South Africans, who have been mining for metals for more than a century, were this week urged to farm for metals. South African-born Stephen Haggerty, a distinguished research professor of Florida International University in the US who spoke to Mining Weekly Online while in Johannesburg, outlined... 

South Africa should consider agromining – US professor
Florida International University distinguished research professor Stephen E Haggerty talks to Mining Weekly Online’s Martin Creamer on the potential to farm for metals. Photographs: Duane Daws. Video and Video Editing: Lionel de Silva.

ARM appoints two nonexecutive directors

By: Martin Creamer     11th October 2017 Diversified mining company African Rainbow Minerals (ARM) on Wednesday announced the appointment of two new nonexecutive directors. They are David Noko, who has been appointed as an independent nonexecutive director, and Jan Steenkamp, who has been appointed as a nonexecutive director. 

ARM appoints two nonexecutive directors
David Noko

Exxaro sells Tronox shares for R6.5bn

By: Martin Creamer     11th October 2017 Diversified mining company Exxaro Resources has completed the sale of a portion of its shareholding in American mineral sands company Tronox for R6.5-billion. Exxaro, headed by CEO Mxolisi Mgojo, said on Wednesday that it had raised $474-million from the sale of 22 425 000 class A ordinary shares... 

Exxaro sells Tronox shares for R6.5bn
Photo by Duane Daws
Exxaro CEO Mxolisi Mgojo

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