Global Mining News in real time

Iron Ore News

Commodity price indices rally as oil picks up where metals left off

By: Henry Lazenby     27th May 2016 Commodity price indices have rallied in recent weeks as strong performance by oil softened the lull in metals price movements. Scotiabank's commodity price index had improved by 4.5% month-over-month in April as energy gains more than offset metals weakness. 

Diversification to increase service value

     27th May 2016 While larger mining companies operate their process plants on a traditional owner/operator basis, many juniors still prefer to contract out the operation of their mines as it eliminates unforeseen costs and secures proven skills, technologies and associated systems that they would not have access... 

Diversification  to increase service value
Photo by Bloomberg
DIVERSIFICATION IS KEY Enhancing overall services to clients increases the need for contracting

New sanctions could cripple reclusive North Korea’s mining sector

By: Ilan Solomons     27th May 2016 New sanctions on North Korea imposed by the United Nations (UN) and the US in March for allegedly undertaking nuclear and ballistic missile tests earlier this year will affect the country’s mineral resources sector. North Korea – officially named the Democratic People's Republic of Korea (DPRK)... 

New sanctions could cripple reclusive North Korea’s mining sector

‘Steel committee’ to be set up to monitor AMSA’s ‘fair pricing’ pledge

By: Terence Creamer     26th May 2016 Government would, within weeks, finalise a “fair pricing” agreement with steel producer ArcelorMittal South Africa (AMSA) and establish a “steel committee” to monitor implementation of the formula, which would be based on a basket of selling prices in Europe, Asia and North America. Department of... 

‘Steel committee’ to be set up to monitor AMSA’s ‘fair pricing’ pledge
Photo by Duane Daws
DTI deputy director-general for industrial policy Garth Strachan

Sphere sees $14m loss after suspending development at Askaf

By: Samantha Herbst     26th May 2016 Having decided to slow down development at its main Askaf iron-ore project, in Mauritania, in October, Glencore subsidiary Sphere Minerals reported a net loss of $14-million from continuing operations after income tax for the year ended December 31, compared with a loss of $311.9-million for the... 

Liberia grand jury indicts Sable Mining, officials for bribery

By: Reuters     26th May 2016 A grand jury in Liberia on Wednesday indicted government officials, including the speaker of parliament and the head of the ruling party, along with Aim-listed Sable Mining on charges including bribery. President Ellen Johnson Sirleaf ordered an inquiry into Sable's acquisition of an iron ore... 

Vale to delist from Hong Kong exchange

By: Henry Lazenby     25th May 2016 Brazilian diversified mining major Vale has delisted from the Hong Kong stock exchange (HKEx) as part of the company’s simplification strategy. In a press release issued Tuesday, the Rio de Janeiro-based miner announced that the HKEx had approved the withdrawal of Vale´s HDRs – an informal name... 

New acid mine water process has huge agri potential in arid areas  

By: Martin Creamer     25th May 2016 The newly developed process that yields handsome profits by converting acid mine water into valuable fertiliser materials, also has the potential to process South Africa’s large volumes of currently unusable brackish groundwater. The use of the process that eradicates acid mine drainage (AMD) for... 

New acid mine water process has huge agri potential in arid areas
Photo by Duane Daws
Trailblazer Technolgies director John Bewsey

AMSA insists fair pricing does not equate to no price increases

By: Terence Creamer     25th May 2016 Steel producer ArcelorMittal South Africa (AMSA) dismissed suggestions again on Wednesday that its deal with government to raise steel import protection in return for fairer pricing – as well as jobs and investment guarantees – precluded it from increasing prices. The JSE-listed company was... 

AMSA insists fair pricing does not equate to no price increases
AMSA chairperson Mpho Makwana

China iron-ore, steel stabilise after rout, spot ore may hold near $50/t

By: Reuters     25th May 2016 Iron-ore and steel futures in China steadied on Wednesday after recent steep losses, supporting market expectations that the price of spot iron-ore could find support at around $50/t. After a seasonal pickup in demand, consumption in China, the world's top steel user, has softened, pushing... 

Karara Mining secures $200m loan

By: Mariaan Webb     25th May 2016 Iron-ore joint venture (JV) Karara Mining has secured a $200-million loan from China-based Shanghai Pudong Development Bank, ASX-listed Gindalbie Metals reported on Wednesday. The new loan would provide the JV with working capital to support the Karara iron-ore project, in Western Australia. 

Anglo Pacific optimistic about higher 2016 royalty income

By: Creamer Media Reporter      25th May 2016 LSE- and TSX-listed Anglo Pacific expects its royalty income for the full 2016 financial year to be significantly higher than the £8.7-million earned in 2015. The company noted in a trading update on Wednesday that royalty income for the first quarter of the year, ended March 31, was... 

New highly profitable acid mine water solution unveiled 

By: Martin Creamer     24th May 2016 A process has been developed that yields handsome profits by converting acid mine water into valuable fertiliser materials. The process, which purifies the water free of charge, removes all of the total dissolved solids and converts them into saleable products. 

New highly profitable acid mine water solution unveiled
Photo by Duane Daws
Trailblazer director John Bewsey (right) and Martin Creamer

Rio Tinto appoints new technology and innovation head

By: Creamer Media Reporter      24th May 2016 Diversified miner Rio Tinto on Tuesday announced the appointment of Stephen McIntosh as acting group executive for technology and innovation to succeed Greg Lilleyman, who would leave the company after 25 years of service. McIntosh has been with Rio Tinto for almost 30 years. Most recently, he... 

Arrium recap and sales process to be completed by year-end

By: Mariaan Webb     23rd May 2016 The recapitalisation and sale of collapsed Australian mining and steel group Arrium’s assets would be largely completed by the end of the year, the company’s administrator reported on Monday. The recapitalisation and sales process would start in July and was expected to attract “genuine interest”... 

Arrium recap and sales process to be completed by year-end
Arrium's mining consumables business incorporates Moly-Cop, which will be put up for sale.

Mining licence fees now SMS-enabled in forward-striding Tanzania

By: Martin Creamer     20th May 2016 The Tanzanian online mining cadastre system now allows licence holders to request the total licence fees they owe via short message service (SMS). The addition of SMS extends the range of payment functionality that the Ministry of Energy and Minerals offers to its customers, the FlexiCadastre... 

Mining licence fees now SMS-enabled in forward-striding Tanzania
Tanzanian president John Magufuli

BC Iron expects enhanced earnings from Iron Valley

By: Mariaan Webb     20th May 2016 The Iron Valley mine in central Pilbara, which Mineral Resources operates, continues to deliver for owner BC Iron. The ASX-listed iron-ore company reported on Friday that Mineral Resources had shipped 4.8-million wet metric tonnes of product, which generated earnings before interest, taxes,... 

Flinders directors accept improved offer

By: Mariaan Webb     20th May 2016 The directors of Flinders Mines have all accepted the improved offer of 2.5c a share from New Zealand’s Todd Corporation, which earlier this month increased its all-cash takeover offer from 1.3c a share. The Flinders board has again recommended that shareholders accept the offer, which was a... 

Conveyor engineered to withstand high temperatures

By: Robyn Wilkinson     20th May 2016 Global mining solutions provider Tenova TAKRAF Africa is introducing the Superbelt conveyor technology, developed by Italian environment-friendly hot bulk materials handling solutions provider Magaldi Italy, to Southern Africa. The conveyor has been designed specifically for hot bulk materials... 

Conveyor engineered  to withstand high  temperatures
MAGALDI SUPERBELT CONVEYOR The conveyor is ideally suited to conveying materials in heat processes

Samarco mine, Brazil

By: Sheila Barradas     20th May 2016 An iron-ore mine, located in the state of Minas Gerais, in south-east Brazil. 

Samarco mine, Brazil

South African software to improve plant operations

By: Robyn Wilkinson     20th May 2016 South African process and operations management solutions provider BluESP is introducing Model Predictive Control, a form of advanced process control technology, with applications to improve plant efficiency in several industries, including smelting and minerals processing. 

South African software to improve plant operations
PLANT OPTIMISATION BluESP’s Model Predictive Control technology the software is ideally suited to the smelting and minerals processing industries

Upgrade will produce 3.38 Mt/y of hot metal

     20th May 2016 International engineering company Paul Wurth has been contracted to reline a blast furnace at international steel products manufacturer NLMK’s Lipetsk plant, in Russia, to yield nominal production of 3.38-million tons of hot metal a year. 

BHP says over 50 Mt of steel capacity restarted in China

By: Reuters     19th May 2016 More than 50-million tonnes of steel capacity has been restarted in China since the start of the year as rising prices boosted margins, a senior official told an industry conference on Thursday. The world's No. 3 iron-ore miner also sees around 30-million tonnes of new seaborne supply this year,... 

Australia miners ‘missing in action’ in Colombia

By: Samantha Herbst     18th May 2016 Australia’s resource houses are “missing in action” in Colombia, Latin America’s third-largest economic powerhouse, and need to move quickly to increase their engagement with the mineral-rich State, said Colombian Mining Association president Santiago Angel Urdinola. Addressing the Paydirt 2016... 

BC Iron boss steps down, new CEO named

By: Mariaan Webb     18th May 2016 Iron-ore mining and development company BC Iron MD Morgan Ball has stepped down from his position and will be replaced by Alwyn Vorster as CEO with effect from May 23. Chairperson Tony Kiernan explained on Wednesday that the board had appointed a CEO following consideration of BC Iron’s... 

Lorimer decries mining’s production crash, job losses

By: Martin Creamer     17th May 2016 Mineral Resources Shadow Minister James Lorimer MP on Tuesday decried the sharply reduced output of South Africa’s once-colossal mining industry and warned that mining's “jobs bloodbath” had only just begun. State statistics compiler StatsSA reported earlier this month that South Africa’s... 

Lorimer decries mining’s production crash, job losses
Shadow Minerals Minister James Lorimer

Miners adapting to more austere fundamental backdrop – report

By: Henry Lazenby     17th May 2016 Mining companies, in general, are adapting to a more austere fundamental backdrop, despite a recent announcement in Chinese media that the country would be removing stimulus and reprioritising reforms, which caused significant apprehension during Bank of America Merrill Lynch’s (BofAML’s) recent... 

Miners adapting to more austere fundamental backdrop – report

South Australia magnetite strategy targets 50Mt/y output

By: Esmarie Swanepoel     17th May 2016 The South Australian Chamber of Mines and Energy (Sacome) has welcomed the state government's magnetite strategy, which aims to secure A$10-billion of investment in iron-ore mining projects over the next five years. The state government last week revealed the strategy that was aimed at... 

Rio Tinto submits feasibility study for Guinea's giant iron-ore deposit

By: Reuters     17th May 2016 Anglo-Australian mining giant Rio Tinto has submitted feasibility studies to the Guinean government for its massive Simandou project, considered the world's biggest untapped iron-ore deposit. The studies are a further step towards bringing onstream a deposit that holds more than two-billion... 

New Brazil Minister says will not commit to restart Samarco mine

By: Reuters     17th May 2016 Brazil's Environment Minister, José Sarney Filho said on Monday he will not allow Samarco Mineração to reopen its iron-ore mine without assurances that the causes and damages of a deadly tailings dam collapse were fixed. Sarney Filho, appointed last week, made the comments during an official... 

Fatigue management prevents accidents, enhances output

By: Victor Moolman     13th May 2016 Fatigue has to be managed throughout a mine to ensure everyone is functioning at their peak, especially when working under the hazardous conditions prevalent in the industry, to achieve optimal production results, says fatigue management specialist Predictive Safety. 

Fatigue management prevents accidents, enhances output
KOLOMELA MINE Predictive Safety is managing three fatigue systems across South Africa, one of which is the Kolomela iron-ore mine, in the Northern Cape

Metso solution set to increase efficiencies at Sedibeng iron-ore mine

By: Ilan Solomons     13th May 2016 Diversified engineering group Metso will soon deliver a stationary crushing and screening solution to iron-ore miner Sedibeng Iron Ore, a subsidiary of Tata Steel, for its iron-ore mine in the Northern Cape, the company announced last week. The solution consists of a 561-2V vibrating feeder, a... 

Metso solution set to increase efficiencies at Sedibeng iron-ore mine
C130 JAW CRUSHER The crushing and screening solution will bring Sedibeng mine increased production capacity and reliability while reducing production costs

Vedanta pegs capex at $1bn in hope of offsetting 17% drop in 2016 revenue

By: Samantha Herbst     12th May 2016 In the face of “exceptionally challenging” global commodity markets experienced in the 2015/16 financial year, global diversified metals and mining company Vedanta Resources aims to focus its efforts on reducing net debt in the 2016/17 financial year. To do so, the miner has pegged its 2017... 

Vedanta pegs capex at $1bn in hope of offsetting 17% drop in 2016 revenue
Vedanta Resources CEO Tom Albanese

Anglo dangles goody-two-shoes Grosvenor to lure coal buyers

By: Martin Creamer     12th May 2016 At most other times in the mining cycle, news of the sale of a goody-two-shoes metallurgical coal asset like Australia’s Grosvenor would have had buyers queuing up to buy. But disposal of even alluring resources in today’s uncertain and low-price environment needs to be accompanied by an enticing... 

Anglo dangles goody-two-shoes Grosvenor to lure coal buyers
Photo by Bloomberg
Seamus French

Nigeria's mining pioneers weigh risks and rewards

By: Reuters     11th May 2016 Arriving on motorbikes after midnight, a dozen gunmen opened fire on gold miners sleeping at a camp in northern Nigeria last month, killing one of them and stealing their equipment before fleeing into the bush. The site, a collection of huts and tents flanked by Baobab trees where locals sell... 

Draft Mining Charter under intense legal scrutiny

By: Martin Creamer     10th May 2016 The possible far-reaching implications for the mining industry of the new draft Mining Charter came under intense scrutiny in Johannesburg on Tuesday when a team of lawyers discussed the various changes contained in the draft and focused in particular on its attempt to align the mining industry –... 

Draft Mining Charter under intense legal scrutiny
Sabelo Dlamini of Fasken Martineau

Anglo American appoints new Brazil CEO

     10th May 2016 Anglo American has appointed Ruben Fernandes CEO of its Brazil operations. He succeeds Paulo Castellari, who resigned late last year to pursue other opportunities. 

Glencore becomes top shareholder in Australia's Atlas Iron via debt-to-equity deal

By: Reuters     9th May 2016 Glencore has emerged as the top shareholder of embattled Australian iron-ore miner Atlas Iron after a debt-to-equity transaction, giving the global mining and trading company its only direct exposure to production of the steelmaking ingredient. Glencore has acted as an intermediary in buying and... 

2 3 4 5 6 7 8 9 Next Last

Latest News


Latest Videos


Company Announcements


Topics In These Articles

RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
R/€ = 17.47Change: -0.09
R/$ = 15.73Change: -0.21
Au 1212.98 $/ozChange: -1.01
Pt 977.00 $/ozChange: -4.00
Subscribe Now for $149
Subscribe Now for $149 Close