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Iron Ore News

Platinum's process leap given Parliamentary pep

By: Martin Creamer     28th April 2017 A significantly improved platinum group metals (PGMs) processing method has been developed with the assistance of South Africa's State-owned Industrial Development Corporation (IDC), Economic Development Minister Ebrahim Patel has informed Parliament. In response to questions posed by Shadow... 

RINL’s merger with NMDC rejected

By: Ajoy K Das     28th April 2017 Indian steel producer Rashtriya Ispat Nigam Limited’s (RINL’s) plan of securing raw material security through corporate activity has suffered a setback with the Indian government ruling out a merger with country’s largest iron-ore miner, NMDC Limited. Steel Minister Chaudhary Birendra Singh this... 

Rising rupee threatens to derail Indian iron-ore export revival

By: Ajoy K Das     28th April 2017 A triple whammy of a five-year production high, 20-month rupee exchange rate high and lower international prices threatens to nip in the bud the revival of India’s iron-ore exports. At least three iron-ore miners, based in the eastern Indian province of Odisha, told Mining Weekly Online that the... 

Positive prices buoying ferrochrome business – Merafe

By: Martin Creamer     28th April 2017 Ferrochrome prices for the first half of 2017 are providing ongoing momentum for the ferrochrome business, which is poised to benefit from this year’s stainless steel production growth rate forecast of 3.5%. The demand for ferrochrome is driven overwhelmingly by the production of stainless steel,... 

Positive prices buoying ferrochrome business – Merafe
Photo by Duane Daws
Merafe Resources CEO Zanele Matlala in conversation with Mining Weekly Editor Martin Creamer.

Despite Q1 net loss, iron-ore rebound boosts Cliffs sales

By: Henry Lazenby     27th April 2017 US iron-ore producer Cliffs Natural Resources has reported surging sales for the three months ended March, as improved demand pushed prices higher after years of declines. First quarter sales jumped 51% to $462-million also because of increased sales volumes and seaborne iron-ore prices. Revenue... 

Vale stocks trade lower as slower sales offset improved iron pricing

By: Henry Lazenby     27th April 2017 The world’s most prolific producer of iron-ore, Vale, on Thursday reported first-quarter earnings that disappointed investors, sending its NYSE-listed stock falling as much as 5.4% in early trading. The Rio de Janeiro, Brazil-based diversified miner reported net income totalling $2.49-billion... 

Vale stocks trade lower as slower sales offset improved iron pricing
Photo by Vale
Physical progress on the doubling of the S11D project railway reached 66% in the first quarter

Brazil's CSN resumed iron-ore exports using alternate port – source

By: Reuters     27th April 2017 Brazilian steelmaker Companhia Siderúrgica Nacional has resumed iron-ore exports using an alternate port while trying to repair damaged equipment in its Itaguaí port, a source with knowledge of the matter said on Wednesday. CSN, as the company is known, is temporarily using the Sudeste port,... 

Junior iron-ore miner outlines ambitious aims, supports local steel production

By: Ilan Solomons     26th April 2017 Junior iron-ore miner Manngwe Mining plans to expand its asset base and increase production at its existing operation over the next five years to provide integrated steel and mining company ArcelorMittal South Africa (AMSA) with between four-million and five-million tons of iron-ore a year.... 

Junior iron-ore miner outlines ambitious aims, supports local steel production
Wim de Klerk, Mathatha Tsedu and Matodzi Nesongozwi at official opening of Manngwe plant

Anglo commits to innovative mining that’ll keep people out of harm’s way

By: Martin Creamer     25th April 2017 Keeping people out of harm’s way, extracting more precious ore and less waste rock, recycling all the required water and producing only dry tailings are among the innovative steps diversified mining company Anglo American is firmly committed to taking.  “The real future of mining lies in turning... 

Anglo commits to innovative mining that’ll keep people out of harm’s way
Anglo American Chairperson Sir John Parker

Mining company to begin mediation talks with Northern Cape community

By: News24Wire      25th April 2017 Kumba Iron Ore representatives are expected to enter into mediation talks with the Dingleton community this week in a bid to resolve a dispute over land in the area. Kumba wants to relocate the entire town of Dingleton in the Northern Cape to a town 25 km away, GroundUp reported. 

Anglo American achieves strong Q1 operational performance

By: Megan van Wyngaardt     24th April 2017 Diversified major Anglo American, led by CEO Mark Cutifani, posted a strong operational performance in the quarter ended March 31, with higher output achieved for most of its products, except copper and nickel. South African coal production increased 9% to five-million tonnes in the first quarter... 

Anglo American achieves strong Q1 operational performance
CEO Mark Cutifani

Improved mine productivity drives Sishen's Q1 production up 31%

By: Anine Kilian     24th April 2017 Improved mining productivity contributed to a 31% year-on-year increase in the Sishen mine’s output for the quarter ended March 31, to 7.7-million tonnes. “Production, however, decreased 10% [year-on-year] as the fourth quarter of 2016 benefitted from greater access to low strip ratio ore. Waste... 

Trump's infrastructure plan a boon for iron-ore, says Australia's Cormann

By: Bloomberg     23rd April 2017 US President Donald Trump’s plan to upgrade the nation’s roads, ports and bridges will drive demand for steel and support iron ore prices, Australia’s Finance Minister Mathias Cormann said. “The US and the Trump administration has put out a very ambitious infrastructure investment program" and... 

Trump's infrastructure plan a boon for iron-ore, says Australia's Cormann

BMI expects gradual price recovery for industrial metals

By: Megan van Wyngaardt     21st April 2017 Since bottoming out in early 2016 and staging an impressive, albeit largely speculative, rally over the past year and a half, industrial metals will experience a gradual price recovery over the coming years, as improving fundamentals support a stabilisation, rather than rebound, in prices,... 

Despite adverse weather, Vale reports Q1 iron-ore record

By: Henry Lazenby     21st April 2017 The world’s largest iron-ore producer Vale has lifted production of the steel-making ingredient to a new record high in the first quarter ended March, touching 86.2-million tonnes despite inclement weather. The diversified miner boosted iron-ore output by 11.2% over the comparable quarter of... 

Despite adverse weather, Vale reports Q1 iron-ore record

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can he no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012 that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, as against India’s 7.6%, the... 

Despite slower growth, China still key market for miners and Africa

Mining majors' shares pull back as iron, copper prices retreat

By: Henry Lazenby     18th April 2017 Major miners saw their respective stocks pull back on Tuesday on the back of weaker iron-ore and base metals prices, despite the latest Chinese economic data showing better-than-expected growth in the first quarter of 2017. Major miners traded in the red on Tuesday, including the world’s largest... 

Mining majors' shares pull back as iron, copper prices retreat

Wet weather rains on Atlas parade

By: Esmarie Swanepoel     18th April 2017 Wet weather conditions have seen iron-ore miner Atlas Iron ship less tonnes during the three months to March, while C1 cash costs increased from A$34/t to A$36/t, compared with the previous corresponding period. The volume of ore shipped during the March quarter declined from four-million tonnes... 

W African countries underperformers in SSA risk/reward rating

     14th April 2017 Mining in sub-Saharan Africa (SSA) is most under strain in West Africa, according to research firm BMI Research, a Fitch Group company. BMI published its ‘Industry Risk/Reward Index (RRI) – sub-Saharan Africa (SSA) Mining: Future Sector Growth to be Hampered by Business Environment’ report on... 

W African countries underperformers in  SSA risk/reward rating
BOTTOM OF THE LOG Sierra Leone, Liberia and Mauritania are the bottom three countries on BMI Research’s sub-Saharan Africa mining Risk/Reward Index

Fortescue maintains FY guidance despite lower March quarter output

By: Esmarie Swanepoel     13th April 2017 Significant wet weather in the three months to March has seen iron-ore miner Fortescue Metals’ tonnage slip, while C1 cash costs rose by 4%. The miner on Thursday reported that total ore shipped for the quarter under review reached 39.6-million tonnes, compared with 42.2-million tonnes produced... 

Fortescue maintains FY guidance despite lower March quarter output

Giyani to start exploration of new ‘proof of concept’ Botswana manganese mine

By: Henry Lazenby     13th April 2017 Exploration firm Giyani Gold will undertake a field exploration campaign on its newly acquired brownfields Kgwakgwe Hill manganese mine, located in the Kanye basin of south-eastern Botswana, to test its thesis that manganese deposits exist in Botswana. The TSX-V-listed company has acquired six... 

Champion Iron inks impact accord with ITUM First Nation

By: Henry Lazenby     13th April 2017 TSX- and ASX-listed Champion Iron has signed an impact benefit agreement (IBA) with the Innu of Takuaikan Uashat mak Mani-utenam (ITUM) First Nation, confirming local support for the Bloom Lake iron mine, located near Fermont, Quebec. The IBA is a life-of-mine agreement providing for real... 

Iron Road in talks with Chinese groups for CEIP funding

By: Esmarie Swanepoel     12th April 2017 A number of major Chinese financial institutions have expressed interest to provide the $3-billion debt financing required to develop the Central Eyre iron project (CEIP), owner Iron Road has reported. The company has received formal expressions of interest from the China Development Bank, the... 

Billionaire Agarwal creates BHP-style Indian resources major

By: Bloomberg     12th April 2017 Anil Agarwal has sealed the merger of his mining and energy businesses in India, creating a BHP Billiton-like resources conglomerate, even as a recent investment in Anglo American Plc raises questions about how far the-billionaire’s ambitions stretch. Vedanta combined with unit Cairn India on... 

LatAm water scarcity, pollution to drive more stringent enviro rules

By: Henry Lazenby     12th April 2017 New analysis by the research arm of the Fitch Group, BMI, forecasts water scarcity and contamination in Latin America will drive increasingly stringent environmental regulations in the region over the coming years. While increasing the costs for miners and delaying certain projects, the focus on... 

LatAm water scarcity, pollution to drive more stringent enviro rules

Unions back Seriti's purchase of Anglo coal mines

By: Martin Creamer     11th April 2017 Two labour unions on Tuesday publicly backed the sale by Anglo American of coal assets to Seriti, the new black-owned start-up with aspirations to be South Africa’s next mining champion. Both the National Union of Mineworkers (NUM) and the Solidarity union put out statements welcoming the... 

Unions back Seriti's purchase of Anglo coal mines
Photo by Duane Daws
Seriti CEO Mike Teke

Iron miners, Quebec govt ink MoU to develop Pointe-Noire multi-user port

By: Henry Lazenby     11th April 2017 The Quebec government, together with Tata Steel Minerals Canada and Quebec Iron Ore (QIO, a subsidiary of Champion Iron) have signed a memorandum of understanding (MoU) to collaborate in a multi-user approach, to manage and develop the industrial facilities at Pointe‑Noire, in Sept-Îles, Quebec.... 

R2.3bn Anglo coal sale to Seriti may hit Eskom ownership snag 

By: Martin Creamer     10th April 2017 A new aspirant South African mining champion on Monday announced its intention to purchase Anglo American’s Eskom-tied domestic thermal coal operations in South Africa, which would position the majority black-owned start-up as the potential second-largest provider of coal to the State electricity... 

R2.3bn Anglo coal sale to Seriti may hit Eskom ownership snag
Photo by Duane Daws
Seriti CEO Mike Teke

Iron slumps into bear market as Barclays sees further losses

By: Bloomberg     10th April 2017 Iron-ore’s descent into bear-market territory may herald further weakness, with Barclays pinning the blame for the slide on lower steel demand in China driving a shift from mills toward lower-quality ore and raising the prospect of a drop into the $50s. Ore with 62% content in Qingdao fell 1%... 

Fortescue moves on growing markets outside steel giant China

By: Bloomberg     7th April 2017 Fortescue Metals Group is making iron-ore marketing forays to steel-producing nations outside China to tap forecast increases in demand from burgeoning infrastructure projects across the region. The world’s fourth-biggest exporter’s mines in northwestern Australia are well-positioned to take... 

Winning Wabush pits not 'life or death' for Alderon’s Kami iron project – CEO

By: Henry Lazenby     7th April 2017 Securing the closed Wabush mine assets is not a life or death threat to developing Alderon Iron Ore’s flagship Kamistiatusset (Kami) high-grade iron-ore property. Not securing the assets will merely be a setback, chairperson and CEO Mark Morabito has told Mining Weekly Online. In an interview on... 

Winning Wabush pits not 'life or death' for Alderon’s Kami iron project – CEO

Pellet line maintenance cuts Ferrexpo’s Q1 production

By: Megan van Wyngaardt     6th April 2017 JOHANNESBURG (miningweekly.com) – Swiss-based iron-ore producer Ferrexpo reported total first quarter pellet production of 2.62-million tonnes, down from the 2.88-million tonnes produced in the first quarter of 2016. The company, which has operations in Ukraine, explained that the lower... 

Platinum has best price improvement prospects – Major

By: Martin Creamer     6th April 2017 Platinum has better price improvement prospects than virtually any other commodity, Cadiz Corporate Solutions mining director Peter Major said on Thursday. Speaking at a breakfast to publicise the upcoming Junior Indaba on June 7 and 8, Major cast doubt on gold going much higher, said iron-ore... 

Platinum has best price improvement prospects – Major
Cadiz Corporate Solutions mining director Peter Major

Brazil's Vale says 260 000 t iron-ore on sunken ship was insured

By: Reuters     4th April 2017 Brazilian miner Vale said on Monday that 260 000 t of fine iron-ore on a South Korean ship that sank in the South Atlantic had been insured. Vale said in an email that the cargo, which belonged to the Brazilian miner, was bound for China for storage and blending when the ship operated by South... 

Palmer’s Mineralogy loses battle for control of Cape Preston port

By: Esmarie Swanepoel     31st March 2017 The Federal Court of Australia has dismissed an appeal by Clive Palmer’s Mineralogy to prevent CITIC Pacific Mining from accessing the Cape Preston port, effectively cutting off the multibillion-dollar Sino iron-ore project from its export vein. Despite Mineralogy’s insistence that it should be... 

Palmer’s Mineralogy loses battle for control of Cape Preston port

India’s SAIL to record highest ever iron-ore production

By: Ajoy K Das     31st March 2017 Steel Authority of India Limited (SAIL) is poised to close the current financial year with the highest-ever production of 19.2-million tonnes, from its captive iron-ore mines, a company official said on Friday. He said the rising iron-ore production was in line with SAIL’s increase in hot metal... 

Angola aims to attract major mining investor, develop local ones

By: Keith Campbell     31st March 2017 The copper/cobalt belt, known as the Central African Copperbelt, already well-known and exploited in Zambia and the Democratic Republic of Congo, also extends into Angola. This has been determined by surveying activities carried out under Angola’s National Geology Plan (known by the Portuguese... 

Bushveld outlines vision to transform from explorer to junior miner

By: Ilan Solomons     31st March 2017 Diversified mineral development company Bushveld Minerals is confident that it will soon unlock the vanadium mineral resource potential of the Bushveld Igneous Complex (BIC) – which spans the North West, Limpopo, Gauteng and Mpumalanga provinces – to propel the company from a junior explorer to a... 

Bushveld outlines vision to transform from explorer to junior miner
VANADIUM IN FOCUS The Bushveld Igneous Complex contains an estimated 20-billion tons of vanadium- and titanium-bearing iron-ore, thus making up about 26% of the world’s vanadium reserves
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