R/€ = 15.73 Change: -0.10
R/$ = 13.84 Change: -0.12
Au 1281.31 $/oz Change: -12.55
Pt 794.99 $/oz Change: -8.87

Iron Ore News

Empowered Kwatani benefits local mining industry

By: Schalk Burger     17th January 2019 Industrial and mining vibrating screens manufacturer Kwatani has achieved a level-1 broad-based black economic empowerment (BBBEE) score and is 51% black women-owned. This BBBEE accreditation affords significant benefits to its mining clients that can claim 135% of money spent on Kwatani.... 

India mulling higher iron-ore import duty

By: Ajoy K Das     17th January 2019 The Indian government is mulling an increase in the iron-ore import duty to check rising inward shipments of the steel-making raw material even as domestic market faces a glut. Government sources said that various industry stakeholders, including miners and the government of mineral-rich... 

November mining production down 5.6% y/y  

By: Tasneem Bulbulia     15th January 2019 South Africa’s mining production decreased by 5.6% year-on-year in November. Statistics South Africa on Tuesday reported that the largest contributors to the decrease had been the iron-ore, gold, diamonds and other non-metallic minerals sectors. 

China's 2018 iron-ore imports fall 1%, first annual drop since 2010

By: Reuters     14th January 2019 China's 2018 iron-ore imports fell by 1% from the previous year, the first annual decline since 2010, according to data from the General Administration of Customs on Monday. Full-year iron ore imports fell to 1.064-billion tonnes in 2018 from an annual record of 1.075-billion tonnes in 2017, the... 

Rio Tinto calls force majeure on some iron ore shipments after fire in Australia

By: Reuters     14th January 2019 Rio Tinto said on Monday it has declared force majeure on iron ore shipments to some customers following a fire at its Cape Lambert export terminal in Australia last week. The miner closed part of the terminal's operations after the fire on last Thursday. 

Champion Iron appoints Michael Marcotte investor relations VP

By: Marleny Arnoldi     11th January 2019 TSX- and ASX-listed Champion Iron has appointed Michael Marcotte investor relations VP. Marcotte – a chartered financial analyst – previously spent 15 years working with resource equities for Macquarie Capital Markets Canada.  

Blaze damages Rio Tinto's Cape Lambert iron-ore export facility

By: Reuters     10th January 2019 Rio Tinto closed part of its Cape Lambert iron-ore export terminal in Western Australia after a fire caused damage, the company said on Thursday. The blaze occurred early on Thursday and was extinguished with no injuries, the company said in an emailed statement. Cape Lambert is located about 1... 

Australia's Port Hedland iron-ore shipments to China jump 14 pct in Dec

By: Reuters     10th January 2019 Iron-ore shipments to China from Australia's Port Hedland terminal rose 14% in December from a month earlier, port data released on Thursday showed. Iron-ore shipments to China from the world's biggest iron-ore port totalled 37.4-million tonnes in December, compared with November's 32.9-million... 

Goldman warns iron-ore's jump into $70s 'is not sustainable'

By: Bloomberg     9th January 2019 Iron-ore’s rally over the past month, with benchmark material pushing back into the $70s, is at risk as banks including Goldman Sachs Group and Morgan Stanley warn that prices are poised to drop back. While industry fundamentals have improved, current prices won’t last as more supply is on the... 

Ferrexpo expects production to remain flat in 2019

By: Tasneem Bulbulia     8th January 2019 London-listed Ferrexpo, which operates mines in the Ukraine, produced about 10.6-million tonnes of iron-ore pellets in 2018 – a 1.2% increase on the 10.4-million tonnes produced in 2017. In a trading update published on Tuesday, the company reported that pellet production for this year would be... 

Board of Brazil's Vale gives CEO Schvartsman another term

By: Reuters     2nd January 2019 The board of Brazilian mining company Vale SA has approved an additional two-year term for CEO Fabio Schvartsman, the company said on Friday, as it seeks to extend his successful tenure as head of the world's largest iron ore exporter. Schvartsman, appointed CEO in March 2017 to replace Murilo... 

India to auction 105 blocks in current FY, but upcoming election casts uncertainties

By: Ajoy K Das     21st December 2018 India will auction 105 mineral blocks before the end of the current financial year, the Mines Ministry informed Parliament on Thursday. According to information provided by the Mines Ministry, various state governments have completed the auction of 18 mineral blocks over the past nine months,... 

Mineral Resources completes Kumina buy

By: Creamer Media Reporter      21st December 2018 ASX-listed Mineral Resources has wrapped up the acquisition of the Kumina iron-ore project from fellow-listed BCI Minerals. The company reported on Friday that it had paid A$27-million of the total A$35-million price tag, with the balance to be paid in two instalments linked to certain milestones. 

Anglo restarts Brazil iron-ore mine

By: Creamer Media Reporter      21st December 2018 Diversified major Anglo American has resumed operations at its Minas-Rio iron-ore operation, in Brazil, following a technical inspection of the pipeline that carries the iron-ore in slurry form from the mine to the port. Production at the mines was suspended in March, after leaks were discovered... 

Anglo restarts Brazil iron-ore mine

Australia flags A$122bn rebound for commodities projects

By: Bloomberg     21st December 2018 Stronger prices, a brighter longer-term demand outlook and the rise of battery metals are laying the ground for a potential revival in mining and energy projects in Australia, according to the world’s top exporter of iron ore, alumina and coking coal. The value of so-called committed projects –... 

Australia warns of 'double whammy' risks to commodities outlook

By: Bloomberg     21st December 2018 Commodities are at risk from a “double whammy” of rising trade tensions and a substantial slowdown in global growth, the Australian government warned, as increasing uncertainty threatens to hinder record exports from the raw materials powerhouse. While Australia’s resources and energy shipments... 

Australia warns of 'double whammy' risks to commodities outlook

Alderon to re-enter market for financing in 2019

By: Mariaan Webb     20th December 2018 Project developer Alderon Iron Ore will formally kick off its financing efforts to raise capital to build the Kami project, which will produce a premium-quality iron-ore concentrate with 65.2% iron content. Located in the Labrador Trough near three producing iron-ore mines, Kami has a capital... 

RINL to bid for iron-ore block to diversify raw material sourcing

By: Ajoy K Das     19th December 2018 Indian state-run steel producer Rashtriya Ispat Nigam Limited (RINL), which operates a 6.3-million-ton-a-year steel mill without any captive iron-ore asset, is planning to participate at auction of iron-ore blocks and at the same time diversify its raw material sourcing to reduce dependency on... 

Australia Federal Court narrows BHP's suits over Samarco disaster

By: Reuters     19th December 2018 The Federal Court of Australia on Tuesday ordered that the number of class-action lawsuits against BHP Group over a Brazilian mine collapse be narrowed to one from three. BHP is facing legal challenges over the 2015 collapse of the Fundao tailings dam, which stored mining waste at a mined owned... 

Fortescue expects to produce up to 10Mt of new mid-grade iron-ore in 2019

By: Reuters     18th December 2018 Australia's Fortescue Metals Group on Monday announced the first shipment of its new mid-grade iron ore and said it expected to produce 5-million tonnes to 10- million tonnes of the commodity next year. The shipment of 60.1% West Pilbara Fines iron ore went to customers in China, but Fortescue... 

Guinea-focused Bellzone Mining goes bust

By: Mariaan Webb     14th December 2018 Guinea-focused iron-ore company Bellzone Mining has called in the liquidators after its largest shareholder and main backer Hudson Capital prevented it from raising any further equity and debt. The company previously warned that it would go bust if it could not secure a fresh injection of cash... 

Vale bolsters case for takeover of BHP JV with acquisition

By: Bloomberg     13th December 2018 Vale’s latest acquisition bolsters the argument it has raised for taking complete control of the shuttered Brazilian iron-ore mine that it owns with BHP Group. Vale announced on Tuesday the purchase of technology firm New Steel for $500-million as it aims to boost output of high-grade iron-ore... 

Koolan Island on track for March sales

By: Esmarie Iannucci     13th December 2018 First iron-ore sales from the Koolan Island restart project, in the Kimberley region of Western Australia, is expected by the end of March next year, ASX-listed Mount Gibson Iron reported. The company has told shareholders that site ramp-up activities were progressing well, with dewatering... 

Flinders to de-list from ASX

By: Esmarie Iannucci     13th December 2018 Emerging iron-ore junior Flinders Mines has applied for a de-listing from the ASX, saying it would be in the best interest of shareholders. The decision to de-list from the ASX followed a strategic review of the available options to maximise shareholder value, on the back of a number of... 

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Enable meaningful participation, pleads Women in Mining chair
Women in Mining chairperson and Gubhani Exploration MD Lindiwe Nakedi talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Creamer Media Chief Photographer Dylan Slater.

Indian govt to mediate in NMDC, Karnataka spat over iron-ore mine

By: Ajoy K Das     7th December 2018 In agreeing to mediate in the spat between State-run miner NMDC and the government of Karnataka over Donimalai iron-ore mine, the Steel Ministry has suggested that the Karnataka government does not invite a new miner to take control of the iron-ore mine. Officials said that the Steel Ministry... 

Transnet praised for rapidly restoring stricken Saldanha iron-ore line 

By: Martin Creamer     7th December 2018 State rail transport enterprise Transnet has earned praise by pulling out all the stops to rapidly restore a railway bridge on South Africa’s crucial Sishen–Saldanha iron-ore line. The line came to a halt on November 28 after a truck carrying heavy equipment at excessive height on a public road... 

Transnet praised for rapidly restoring stricken Saldanha iron-ore line
Crucial iron-ore line back on track after rapid bridge restoration

Researcher forecasts a consistent price for iron-ore

7th December 2018 Macroeconomic researcher Fitch Solutions – formerly known as BMi Research – has maintained its average iron-ore price forecast for 2018 at $6.0/t. However, despite the recent August rally – which stemmed from a combination of stocking up of ore by Chinese steel producers as low-grade polluting... 

Researcher forecasts  a consistent price  for iron-ore
HARD TO PORT Ore ready for export at the Saldanha Port

Manufacturer ensures top quality screens for iron-ore sector

By: Shannon de Ryhove     7th December 2018 Vibrating and original-equipment manufacturer (OEM) and supplier Kwatani has successfully custom-engineered and manufactured about 1 000 of its robust vibrating screens and feeders in the iron-ore sector in South Africa to date, while more than 15 000 units have been shipped into 35 countries... 

Manufacturer ensures top quality screens for iron-ore sector
Photo by Kwatani
PARTNERSHIP Kwatani can design and manufacture solutions to suit the precise requirements of an iron-ore mine as well as scientifically monitor and measure its performance

Vale says recent dip in global steel prices is temporary

By: Reuters     6th December 2018 Brazil's Vale, the world's largest iron ore miner, said on Thursday a recent dip in global steel prices is temporary due to overproduction in China ahead of winter output cuts. Vale CEO Fabio Schvartsman told investors in London that global capacity utilisation in the steel sector has risen to... 

Ferrexpo shareholders rewarded with special dividend

By: Creamer Media Reporter      6th December 2018 London-listed Ferrexpo has rewarded its shareholders with a special interim dividend of 6.6c a share, as premiums for high-quality iron-ore pellets remain high. The company has generated sufficient cash to reduce its debt and to fund its capital expenditure requirements, it said on Thursday,... 

Vale to buy mid-sized iron miner Ferrous Resources

By: Reuters     6th December 2018 razilian miner Vale, the world's top nickel producer, is acquiring the control of Ferrous Resources, its controlling shareholder Icahn Enterprises said in a securities filing. Ferrous, which explores iron-ore, will merge into a company controlled by Vale, the filing said, and will be valued at... 

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Vale to pump $500m into nickel mine, ends partner quest

By: Reuters     4th December 2018 Brazilian miner Vale SA, the world's top nickel producer, wants to shore up its nickel business before the electric vehicle revolution, but lowered 2019 output forecasts for the metal, a key ingredient in lithium batteries. In presentation to investors in New York, Vale executives projected the... 

Vale to pump $500m into nickel mine, ends partner quest
Vale CEO Fabio Schvartsman

Goa counting the cost of iron-ore mine closures

By: Ajoy K Das     4th December 2018 The government of the western Indian coastal state of Goa has estimated that it is losing $214-million a month in revenues, following the closure of all iron-ore mines since March. With neither the state, nor central government succeeding in ensuring resumption of mining operations by December,... 

Financially troubled Bellzone’s shares suspended

By: Creamer Media Reporter      3rd December 2018 West Africa-focused Bellzone Mining requested a suspension of trading in its shares on the London bourse on Monday, warning that it would go insolvent if it could not source funds in the “very near term”. The troubled company, which develops iron-ore and nickel/copper assets in Guinea, previously... 

Saldanha iron-ore rail line to remain shut until Dec 9 after truck accident

By: Creamer Media Reporter      30th November 2018 State-owned Transnet has stopped all rail activity along the Saldanha iron-ore export line after a truck carrying an abnormal load with excessive height collided with a railway bridge between Vredendal and Lutzville, in the Western Cape. The accident, which took place at about 10:00 on Wednesday... 

Karnataka mine closure triggers conflicting claims on iron-ore supplies

By: Ajoy K Das     30th November 2018 The closure of NMDC’s Donimalai iron-ore mine has triggered conflicting claims about supplies, with the industry saying there is a shortage, which gives rise to higher prices and imports, while the Karnataka government, for its part, has sought central intervention to tackle a glut in the... 

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