R/€ = 15.86 Change: 0.03
R/$ = 14.00 Change: 0.03
Au 1327.20 $/oz Change: 0.92
Pt 841.00 $/oz Change: 10.84

Ferrous Metals News

Bauba signs chrome offtake agreement

By: Anine Kilian     8th August 2018 JSE-listed Bauba Platinum has signed a chromite ore commodity purchase contract with Gerald Metals and Pelagic Resources for chrome ore run-of-mine (RoM) produced at its Moeijelijk mine, in Limpopo. This agreement is underpinned by a $5-million prepayment, which represents a part prepayment on... 

Eskom pilots incentive designed to claw back 5 TWh of energy-intensive demand 

By: Terence Creamer     6th August 2018 State-owned electricity producer Eskom has confirmed that it has entered into a sales incentive pilot programme with nine large industrial customers in a bid to stabilise sales to electricity-intensive industries. The two-year sales incentive pilot programme, which commenced on June 1, has the... 

Eskom pilots incentive designed to claw back 5 TWh of energy-intensive demand

Glencore-Merafe venture’s H1 ferrochrome output decreases as production costs rise

By: Simone Liedtke     6th August 2018 JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore-Merafe chrome venture for the six months ended June 30, decreased by 2.3% to 211 000 t, with production for the period equivalent to an installed capacity utilisation of 88%. Total production costs per tonne of... 

Carpentaria finds funding partner for Hawsons

By: Esmarie Iannucci     6th August 2018 ASX-listed Carpentaria Resources has reached an agreement with Mitsui & Co that would drive the development of the Hawsons iron project, in New South Wales. Carpentaria on Monday noted that the Japanese trading house will contribute A$5.4-million towards the cost of a bankable feasibility study... 

Fortescue cuts Atlas Iron stake, to retain ‘substantial holding’

By: Esmarie Iannucci     6th August 2018 Iron-ore major Fortescue Metals on Monday said that it would retain a “substantial shareholding” in takeover target Atlas Iron, despite reducing its interest from 19.9% to 11.37%. “Fortescue has considered its options with regard to the 19.9% shareholding in Atlas Iron and has decided to retain... 

India's Goa state to push federal govt to restart mining

By: Reuters     6th August 2018 India's Goa state on Friday passed a resolution asking the state's chief Minister to push the federal government to amend laws to restart mining across the state, a state lawmaker said, months after the country's top court quashed mining permits. The resolution seeks to amend laws in Goa so that... 

Brazil mining exports to rise 2.5% in 2018 – Ibram

By: Reuters     6th August 2018 Brazil's mineral exports are expected to rise 2.5% in 2018 compared with the previous year to 410-million tonnes, as investment in the sector is projected to grow, industry group Ibram said on Friday. By value, mineral exports are expected to increase to $30-billion from $28.37-billion last... 

Erudite adopts a fresh approach to transformation 

By: Nadine James     3rd August 2018 Becoming a sustainable and relevant mining industry service provider requires a genuine effort to meet and address issues of localisation and transformation, while fostering local partnerships to develop extractive projects in African countries, suggests engineering, procurement and construction... 

Erudite adopts a fresh approach to transformation
Erudite chairperson Vince Raseroka and CE Johann de Bruin discuss the need for an African-focused EPCM mining services provider. Video: Darlene Creamer; Editing: Nicholas Boyd

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke 

By: Martin Creamer     2nd August 2018 The drastic R2.7-billion restructure of the Impala Rustenburg mine, involving the loss of 13 000 jobs, the closure of five shafts and cutting of 230 000 oz out of yearly platinum production, has evoked a strong rebuke from the Mineral Resources Minister Gwede Mantashe, who has accused Impala... 

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke
Photo by Creamer Media
Implats CEO Nico Muller (left) and Implats group mining engineer Thabile Makgala

Resources Watch  

2nd August 2018 Kumba ‘very bullish’ on exploration prospects; Premium prices being paid for Kumba’s quality iron-ore; And, Anglo Platinum taking steps to reverse unjustified investor bearishness 

Resources Watch
Resources Watch

Koolan Island dewatering starts

By: Esmarie Iannucci     2nd August 2018 Dewatering of the Koolan Island project’s main pit has started, ASX-listed Mount Gibson said on Thursday. The start of high volume dewatering in the main pit followed the successful completion of the concrete seepage barrier at the seawall, in mid-July, and following a necessary waiting period... 

AMSA studies new Vanderbijl electric arc furnace as it moves to restart Vereeniging mill 

By: Terence Creamer     1st August 2018 Steel producer ArcelorMittal South Africa (AMSA), which announced its first interim profit in six years and may be on track to deliver its first full year profit since 2010, has initiated a study for the construction of a new electric arc furnace (EAF) at its Vanderbijlpark mill and has also... 

AMSA studies new Vanderbijl electric arc furnace as it moves to restart Vereeniging mill
AMSA CEO Kobus Verster

Kupang operating licence granted

By: Esmarie Iannucci     1st August 2018 ASX-listed Gulf Manganese has been awarded its operating licence for the Kupang smelting facility, in Indonesia. The licence is valid for a period of 30 years, from the end of July 2018, and allows Gulf Manganese to buy, sellc and transport manganese ore within Indonesia for smelting, as well as... 

Rio Tinto approves initial funding for Koodaireri

By: Esmarie Iannucci     1st August 2018 Diversified miner Rio Tinto has approved A$146-million in funding for initial works at its Koodaideri iron-ore project, in Western Australia. The miner said on Wednesday that the funds would be invested in detailed engineering work on key elements of the project, the development of a rail... 

Lifting of Karnataka iron-ore restrictions brings miners and consumers into fresh conflict

By: Ajoy K Das     31st July 2018 The Central Empowered Committee (CEC), the body appointed by India’s Supreme Court on all matters related to mining, has recommended lifting restrictions on iron-ore pellet exports from the southern province of Karnataka, bringing to the fore the conflict between producers and consumers of the... 

Sundance clears A$133bn of debt in ‘transformational deal’

By: Esmarie Iannucci     30th July 2018 Iron-ore developer Sundance Resources has struck a deal to restructure its balance sheet and wipe out A$133-million of debt. Sundance on Monday announced that it had signed a binding term sheet with its noteholders to cancel their convertible notes in return for a combination of equity and a... 

Sundance clears A$133bn of debt in ‘transformational deal’

India’s NMDC bags gold mine through highest bid at auctions

By: Ajoy K Das     30th July 2018 Indian State-run iron-ore miner NMDC will mark its maiden foray into gold mining, having bagged a gold mine in the southern province of Andhra Pradesh. NDMC was able to secure the rights to develop and produce from the gold mine emerging as the highest bidder at the auction pipping majors like... 

Chinese investors plan $10bn metallurgical complex in South Africa

By: Reuters     27th July 2018 Chinese investors signed agreements to build a $10-billion metallurgical complex in South Africa during President Xi Jinping's state visit this week and hope to start construction next year, an executive involved in the project and a provincial official told Reuters. South Africa's President... 

MinRes to earn into Brockman’s Marillana project

By: Esmarie Iannucci     27th July 2018 ASX-listed Mineral Resources (MinRes) has struck a deal with fellow-listed Brockman Mining, which could see it acquire a 50% share in the Marillana iron-ore project, in the Pilbara. Under a farm-in agreement, MinRes could earn a 50% interest in the project by spending A$250 000 on exploration... 

Hancock bid free of conditions - Atlas

By: Esmarie Iannucci     27th July 2018 Suitor Hancock Prospecting’s offer for iron-ore miner Atlas Iron has been declared unconditional. Atlas on Friday said that shareholders who now accepted the Hancock offer could expect a pay-out within seven days of their acceptance. 

Asset flexibility strategy to deliver value

27th July 2018 Metal and mining corporation Rio Tinto’s Iron Ore business aims to continue to deliver superior value for its shareholders by developing greater flexibility across its system of mines, rails and ports in Western Australia so that it is capable of dynamically responding to changes in market and... 

Asset flexibility strategy to deliver value
OPENING UP THE BOTTLENECK Rio Tinto plans to ensure its rail infrastructure is able to handle mine capacity by the end of next year

Iron-ore processing requires stronger equipment

By: Paige Müller     27th July 2018 Materials handling wear solutions company Rio-Carb’s turnkey liner solutions are “ideal” for reducing the regular and costly maintenance required by iron-ore processing facilities, says Rio-Carb director Sias Suurd. He tells Mining Weekly that iron-ore is particularly demanding on processing... 

Iron-ore processing requires stronger equipment
ABRASIVE MATERIALS Rio-Carb’s range of Chromium Carbide liners is suited to handle abrasive materials such as iron-ore

Mine opens education centre for local community

27th July 2018 Diversified miner Anglo American’s Kumba Iron Ore opened the Sishen Education Centre at Tamaga Lodge, situated on the Sishen Nature Reserve, outside Kathu in the Northern Cape as part of its celebration of World Environment Day, in June.  The Northern Cape Provincial Government Gazette declared... 

Mine opens  education centre for local  community
ENVIRONMENTAL EXPERIENCE Kumba Iron Ore believes that an environmental education centre will allow school learners and tertiary students to experience nature and learn in a natural environment

New iron-ore mine showing profitability

By: Paige Müller     27th July 2018 Relative newcomer to the South African iron-ore industry, industrial minerals and construction materials group Afrimat, states that its new Demaneng iron-ore mine in the Northern Cape is starting to show profitability, bolstering Afrimat’s diversification strategy into bulk commodities. Afrimat... 

New iron-ore mine  showing profitability
MINE TURNAROUND Demaneng Iron Ore has started to show a profit under Afrimat management

SA iron-ore industry struggles more than most

By: Paige Müller     27th July 2018 The outlook for the South African iron-ore industry remains “bleak”, owing to stagnant local economic growth, a negative local investment environment and a significant drop in global demand for iron-ore, says commodities market analysis firm Core Consultants MD Lara Smith. She emphasises that the... 

SA iron-ore industry struggles more than most
Photo by Bloomberg
AFFECTED PRODUCTION China’s attempt to curb harmful emission levels has resulted in reduced steel production, which is negatively impacting on global iron-ore imports

Giyani Metals and SA university in manganese research pact

By: Nadine James     27th July 2018 Canada-based Africa-focused exploration company Giyani Metals Corporation last week announced the signing of a research collaboration programme with South African tertiary institution Rhodes University, regarding battery-grade manganese within the company’s flagship Kanye manganese project in... 

Giyani Metals and SA university in manganese research pact
Photo by Creamer Media
INTERESTING PROSPECT Postgraduate students from Rhodes University will be researching the geology and economic characteristics of Giyani's near-surface manganese deposits

Only a 'cataclysm' could hit top quality ore demand – Vale CEO

By: Reuters     26th July 2018 Brazil's Vale, the world's top iron-ore producer, forecast steady prices for the mineral and rising premiums for its top quality ore, thanks to strong demand from China and despite global trade tensions. Vale CEO Fabio Schvartsman said a scarcity of Vale's trademark top quality ore protects the... 

TFR to spend R90m on yearly manganese line shutdown

By: Creamer Media Reporter      26th July 2018 Transnet Freight Rail (TFR) is set to spend about R90-million on its yearly, large-scale maintenance shutdown on the manganese rail line from August 2 to 8.  The railway line, which spans across three provinces – the Eastern Cape, the Northern Cape and the Free State – will be undergoing... 

Tanzania targets setting up mineral exchange by end of 2018

By: Bloomberg     26th July 2018 Tanzania plans to establish a minerals exchange by the end of this year, in a bid to ensure the East African nation reaps the most from its resources, Minerals Minister Angellah Kairuki said. The nation’s resources including gold, diamonds, iron, silver, copper, graphite and other rare earth... 

Zimbabwe's African Chrome Fields eyes equity sale to fund expansion

By: Reuters     26th July 2018 Zimbabwe's largest chrome miner African Chrome Fields (ACF) is talking to foreign investors about an equity sale to help fund expansion but will ensure the firm's two main partners retain control, the majority shareholder said on Wednesday. The chairman of Moti Group, which has a majority stake... 

Fortescue has its best quarter with 46.5Mt shipped

By: Esmarie Iannucci     26th July 2018 Iron-ore major Fortescue Metals has reported record iron-ore shipments of 46.5-million during the three months to June. “It was a strong finish to 2018 with the team delivering record shipments of 46.5-million tonnes in the quarter to achieve our target of 170-million tonnes for the full year.... 

Fortescue has its best quarter with 46.5Mt shipped

Innovation ‘coming out of the lab, into the field’ – Anglo

By: Martin Creamer     26th July 2018 The comprehensive technology and innovation programme being intensively conducted by diversified mining major Anglo American is coming “out of the lab and into the field”, the company told Mining Weekly Online on Thursday, when it reported continued performance improvement in the six months to... 

Innovation ‘coming out of the lab, into the field’ – Anglo
Photo by Creamer Media
Anglo American CE Mark Cutifani

Huge developments for Amplats, AngloGold, Kumba 

26th July 2018 Amplats is taking steps to reverse what it calls unjustified investor bearishness, AngloGold Ashanti is getting a new CEO and Kumba Iron-Ore is receiving strong premiums for high-grade ore. Mining Weekly Editor Martin Creamer unpacks the headlines. 

Huge developments for Amplats, AngloGold, Kumba
Huge developments for Amplats, AngloGold, Kumba

Vale posts rise in second-quarter profit

By: Reuters     25th July 2018 Brazil's Vale SA, the world's largest iron ore producer, posted a rise in second-quarter net income, results showed on Wednesday. The miner said profit in the second quarter rose to 306-million reais ($82.96-million) from 60-million reais in the same period a year earlier. However, the figure... 

Kumba ‘very bullish’ on exploration prospects 

By: Martin Creamer     25th July 2018 Iron-ore mining and marketing company Kumba Iron Ore is bullish about its R664-million exploration programme, that has funded more than 200 000 m of drilling. "We’re very bullish and very excited,” Kumba Iron Ore technical and projects head Glen Mc Gavigan commented to Mining Weekly Online during... 

Kumba ‘very bullish’ on exploration prospects
Kumba Iron Ore CE Themba Mkhwanazi responds to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer

Transnet signs manganese capacity allocation contract with Assmang

By: Anine Kilian     25th July 2018 State-owned Transnet has signed a seven-and-a-half-year Manganese Export Capacity Allocation (MECA2) contract with Assmang as part of its strategy to secure 95% of manganese volumes on rail. The contract, which will see the transportation of export manganese from pit to port, offers Assmang, the... 

BHP turns first sod at $3.4bn Pilbara mine

By: Esmarie Iannucci     25th July 2018 Mining major BHP has turned the first sod at its $3.4-billion South Flank project, in the Pilbara. The South Flank operation will leverage and expand on the existing Mining Area C hub, and is BHP's preferred option to replace the 80-million-tonne-a-year Yandi mine, which will reach the end of... 

Premium prices being paid for Kumba’s quality iron-ore 

By: Martin Creamer     24th July 2018 China’s flight to quality iron-ore is benefiting South Africa’s Kumba Iron Ore, which is receiving strong price premiums for high-grade ore.  Two thirds of Kumba ore is lump ore compared with the third or less of its main competitors. 

Premium prices being paid for Kumba’s quality iron-ore
Kumba Iron Ore CE Themba Mkhwanazi’s presentation covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer 24/7/2018

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