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Iron Ore News

Kumba records solid operational performance

By: Tasneem Bulbulia     23rd January 2020 Iron-ore miner Kumba Iron Ore delivered a solid operational performance in the fourth quarter and the full-year ended December 31, CEO Themba Mkhwanazi said on Thursday. The Anglo American subsidiary produced 42.4-million tonnes of iron-ore and sold 42.2-million tonnes of iron-ore for the... 

Anglo American delivers on 2019 production targets

By: Tasneem Bulbulia     23rd January 2020 Diversified miner Anglo American delivered on its production targets across the business for the year ended December 31, CE Mark Cutifani said on Thursday with the release of the group’s unaudited production results for the fourth quarter and the full-year. Production was up 4% for the fourth... 

Anglo American delivers on 2019 production targets
Photo by Creamer Media
Anglo American CEO Mark Cutifani

From mining's saviour to homicide charges, the fall of Vale’s chief

By: Bloomberg     22nd January 2020 Fabio Schvartsman was supposed to be the fresh face that would help Vale, the world’s biggest iron-ore miner, advance the company after a 2015 dam collapse. Instead, the 65-year-old is facing homicide charges after the company’s latest deadly disaster. While he knew little of mining and metals,... 

From mining's saviour to homicide charges, the fall of Vale’s chief
Fabio Schvartsman

Iron-ore output far from certain as Vale homicide charges filed

By: Bloomberg     22nd January 2020 Vale was dealt back-to-back blows on Tuesday as Brazilian officials announced criminal charges including for homicide in the wake of last year’s deadly dam collapse, while a prosecutor indicated additional output cuts may be on the horizon. Former CEO Fabio Schvartsman was charged with 270... 

Iron-ore output far from certain as Vale homicide charges filed
Former Vale CEO Fabio Schvartsman has been charged with 270 counts of homicide.

Pollution insurance costs to jump for US tailings dams after Vale disaster

By: Reuters     21st January 2020 The 2019 mining disaster in Brazil is expected to lead to a double-digit jump in costs to insure US tailings dams that store mining waste against liability for environmental catastrophes. Tailings dams, some of which tower dozens of meters high and stretch for several kilometers, are the most... 

Iron-ore demand to slow, while seaborne supply rises 

By: Simone Liedtke     21st January 2020 Slower demand growth, especially in China, and a decent recovery in seaborne supply is expected to continue to feature prominently in the iron-ore industry this year, says global energy, chemicals, renewables, metals and mining research and consultancy group Wood Mackenzie (WoodMac). Prices are... 

Next decade set to be a serious transition period for mining – report 

By: Simone Liedtke     21st January 2020 The global mining and metals sector is facing one of its most challenging transitions yet as the industry is considering how it can best position itself to regain and maintain stakeholder confidence on environmental, social and governance (ESG) matters, global law firm White & Case states in its... 

Next decade set to be a serious transition period for mining – report

World risks 'disaster' as reuse of natural resources declines

By: Reuters     21st January 2020 The proportion of raw materials the world is reusing has fallen, researchers said on Tuesday, warning of a "global disaster" as annual consumption of natural resources rose to 100-billion tonnes for the first time. Just 8.6% of the 100-billion tonnes of materials – including minerals, metals,... 

Sierra Leone President confirmed to attend 2020 Mining Indaba

By: Simone Liedtke     20th January 2020 Sierra Leone President Julius Maada Wonie Bio will attend the 2020 iteration of the Investing in African Mining Indaba, which takes place in Cape Town from February 3 to 6. Bio was elected as the fifth President of Sierra Leone in May 2018 and is popularly referred to as the “Father of Democracy”... 

Glencore, Merafe to retrench Rustenburg Smelter employees 

By: Simone Liedtke     17th January 2020 Global miner Glencore Alloys and Merafe Resources have started a Section 189A process. The companies confirmed on Friday that written notice had been given to its employees at its joint venture (JV), the Rustenburg Smelter, in the North West. 

Brazil police say key part of Vale dam probe to wrap up in June

By: Reuters     16th January 2020 A key part of a Brazilian probe into the collapse of miner Vale's Brumadinho dam will wrap up in June, after police consult foreign experts to help identify the causes of the disaster, a leading police investigator said on Thursday. The police probe is one of several parallel investigations... 

Australia's Fortescue eyes modest 2020 growth for Chinese steel output

By: Reuters     15th January 2020 China's steel production is expected to grow only modestly this year, driven by rising urbanization and Belt and Road Initiative projects, Australia's Fortescue Metals Group chief executive Elizabeth Gaines said on Wednesday. Gaines, who heads the world's No. 4 iron ore producer, said she... 

A year after deadly disaster, Vale recovers its market value

By: Bloomberg     15th January 2020 Almost one year to the day, Vale shares recovered all the ground they lost following the deadly dam break that weighed on global iron-ore supplies and led to an international backlash. The stock on Tuesday traded as high as 56.35 reais, up 1.9% on the day and topping the 56.15 real close on Jan.... 

Ferrexpo production drops marginally as demand wanes

By: Reuters     13th January 2020 Iron-ore pellet producer Ferrexpo on Monday reported a small drop in full-year production as steel-making products faced weak demand due to sluggish global economic activity. Ferrexpo, a Swiss-based company with assets in Ukraine, produced 10.5-million tonnes of pellets for the year ended... 

Ferrexpo production drops marginally as demand wanes
Ferrexpo barging pellets.

Billionaire’s letters to Congo’s Kabila were sought by UK fraud watchdog

By: Bloomberg     9th January 2020 UK fraud prosecutors sought an Israeli billionaire’s correspondence with the former President of Democratic Republic of Congo Joseph Kabila as part of one of their largest bribery investigations, a lawyer for the Serious Fraud Office said at a London trial. SFO attorney Jonathan Hall described... 

India’s FIMI seeks slew of tax incentives to revive domestic mineral industry

By: Ajoy K Das     7th January 2020 The Federation of Indian Mineral Industries (FIMI) is seeking a slew of indirect tax incentives to revive the moribund mining industry. FIMI has submitted a list of changes in indirect tax levies on various mineral and mining products in a memorandum to the Finance Ministry, seeking their... 

Flinders happy with Pilbara scoping results

By: Esmarie Iannucci     7th January 2020 A scoping study into the Pilbara iron-ore project, in Western Australia, has confirmed the viability of an opencut mining operation, ASX-listed Flinders Mines said on Tuesday. The scoping study was based on the current mineral resource estimate of 1.4-billion tonnes, and indicated a production... 

Champion set for Canadian move

By: Esmarie Iannucci     7th January 2020 Dual listed Champion Iron has announced plans to re-domicile from Australia to Canada. The company on Tuesday said that after considering the potential benefits and disadvantages of the move, the board of directors has determined that the re-domicile to Canada would align the location of the... 

Samarco rebuffs creditors on resumption of debt talks

By: Bloomberg     7th January 2020 Samarco Mineracao has rejected creditors’ formal request to resume talks to restructure its defaulted debt, signaling heightened risks for bond holders, according to people with direct knowledge of the situation. The Brazilian iron-ore venture between BHP and Vale said it has yet to firm up its... 

Anglo American gets licence to boost Minas-Rio mine to full capacity

By: Reuters     24th December 2019 Anglo American has received the final operating licence it needs to boost production at its Minas-Rio iron ore mine in Brazil to its full capacity of 26.5-million tonnes a year, the mining company said on Monday. Anglo American's Minas-Rio mine, which has been dogged by delays and waits for... 

Anglo American gets licence to boost Minas-Rio mine to full capacity

Vale elects new board members

By: Reuters     20th December 2019 Brazil's Vale, the world's largest iron-ore miner, has elected two new board members, the company said in a statement on Thursday. They are Murilo Cesar Lemos dos Santos Passos, currently chairman at Tegma Gestão Logística and member of the boards at Odontoprev, São Martinho, Suzano Holding and... 

India’s NMDC gets four iron-ore leases renewed

By: Ajoy K Das     19th December 2019 The government of Chhattisgarh has renewed the mining leases of four iron-ore mines in favour of NMDC, throwing a lifeline to the miner, already facing closure of one mine in the south. The Chhattisgarh government has renewed the leases for 20 years, ahead of expiry of the existing lease in... 

Australian exports forecast for record year in 2019/20

By: Esmarie Iannucci     19th December 2019 Australia’s resource and energy export earnings are forecast to set a record A$281-billion in 2019-20, up from A$279-billion in 2018-19, new data from the Office of the Chief Economist has revealed. Minister for Resources and Northern Australia Matt Canavan noted that the record earnings are... 

Australian exports forecast for record year in 2019/20

Anglo firms up technology advance with space boffins 

By: Martin Creamer     19th December 2019 Diversified mining company Anglo American has announced a $13.5-million agreement with First Mode to develop innovative technology for the mining industry. First Mode, of Seattle, which has been working with Anglo to develop the world’s biggest hydrogen fuel cell haul truck for Anglo American... 

Anglo firms up technology advance with space boffins
Photo by First Mode
Hydrogen and fuel cell haulage

Brazilian regulator says Vale dam near Brumadinho is structurally sound

By: Reuters     19th December 2019 A dam owned by iron ore company Vale SA that was the subject of an investigative report by a TV program last week is structurally sound and there is no reason for concern, Brazil's national mining regulator said late on Tuesday. On Friday, the program "Jornal da Band" said it had obtained... 

Vale teams up with Ningbo Zhoushan Port on new iron-ore product

By: Reuters     19th December 2019 Brazilian iron-ore miner Vale signed a service agreement with China's Ningbo Zhoushan Port to jointly launch a new iron-ore product, GF88, the Chinese port company said on Wednesday. Under the agreement Ningbo Zhoushan Port will provide services for Vale's new product, including site... 

Jupiter’s Tshipi mine on track to meet 2020 guidance, despite manganese price decrease 

By: Simone Liedtke     18th December 2019 Australia-headquartered miner Jupiter Mines has confirmed that annualised sales for its Tshipi Borwa manganese mine, in South Africa, remain on track to meet the 2020 guidance, despite a decrease in the manganese price. Tshipi remains cash positive with its low cost of production, Jupiter said,... 

Jupiter’s Tshipi mine on track to meet 2020 guidance, despite manganese price decrease
The Tshipi é Ntle manganese mine, in the Northern Cape.

Kogi secures fourth mining lease in Nigeria

By: Esmarie Iannucci     17th December 2019 ASX-listed junior Kogi Iron has been granted a fourth mining lease in Africa, after an approval by the Nigerian government. The junior on Tuesday said that the latest approval delivered Kogi a contiguous total of 145 kmn2 over four mining leases and one exploration lease at its Agbaja Plateau... 

Vale dam near site of January disaster has 'cracks' - TV station

By: Reuters     16th December 2019 State prosecutors in Brazil have identified cracks in a tailings dam owned by iron ore mining company Vale and have asked the firm to hire an independent auditor to look in to the matter, a television station reported on Friday night. The report on Brazil's TV program "Jornal da Band" said it... 

Vale dam disaster partially caused by excess water, panel report says

By: Reuters     12th December 2019 A disaster at one of Vale's tailings dams earlier this year that killed at least 255 people was partially triggered by "a persistently high water level" that caused the dam to lose its strength, according to a report by a panel of experts appointed by Vale's legal advisers. The report, released... 

Vale dam disaster partially caused by excess water, panel report says

TNG secures iron offtake at Mt Peake

By: Esmarie Iannucci     12th December 2019 ASX-listed TNG has inked a term sheet for a life-of-mine offtake agreement for the entire high purity iron-ore product to be produced at the Mt Peak vanadium-titanium-iron project, in the Northern Territory. Under the binding term sheet with Indian mining conglomerate Vimson Group, 100% of the... 

Zanaga, Chinese entity to develop Congo-Brazzaville iron-ore project

By: Marleny Arnoldi     11th December 2019 Aim-listed Zanaga Iron Ore has signed a framework agreement with China Overseas Infrastructure Development and Investment Corporation (Coidic) and Jumelles for cooperation on mining infrastructure for the Zanaga project in Congo-Brazzaville. Jumelles is a joint venture company between Zanaga... 

IronRidge starts drilling at Côte d'Ivoire gold project

By: Simone Liedtke     9th December 2019 Aim-listed IronRidge Resources has started drilling at the Zaranou gold project, in Côte d'Ivoire. Drilling at the licence, which borders with Ghana and is along strike from significant gold mines, is targeted to be completed early in the new year, with results expected during the first quarter... 

Region recovery under way after dam collapse

6th December 2019 Iron-ore mining major Vale is still focused on the recovery of the region of Brumadinho, in Brazil, in addition to prioritising actions to manage development of the town and other affected territories, which include Barão de Cocais, Itabirito, and Macacos. Over the past nine months – since the... 

Region recovery  under way after  dam collapse
Photo by Reuters
VALLEY OF DEATH The death and destruction caused by the Brumadinho tailings dam collapse was nothing short of tragic

Automated tech implemented at iron-ore project

6th December 2019 The trial of the Smart Mine technology project at iron-ore mining company Sokolov-Sarbai Mining Production Association’s (SSGPO’s) Kacharsky opencast site has been successful. SSGPO, a subsidiary of international metals and mining conglomerate Eurasian Resources Group (ERG), says that it plans to... 

Automated tech implemented at  iron-ore project
SMART MINE The Kacharsky site is now home to a range of intelligent solutions that help improve efficiency

Imminent trade war truce positive for iron-ore

By: Darren Parker     6th December 2019 Economic research institute Afriforesight expects the US and China to reach a trade war “truce” near the end of the year, providing some support for iron-ore. This anticipated resolution of the trade war is expected to have a positive effect on economic activity in general, including for steel... 

Imminent trade war truce positive for iron-ore
IRONING OUT THE ISSUES The resolution of the US/China trade war should mean an improvement for economic activity

Nearing zero fatality milestone

By: Darren Parker     6th December 2019 Coal and iron-ore miner Exxaro Resources is making a final push to achieve its goal of being fatality free for three consecutive years. To better ensure that milestones like this can be reached, the mining company launched its Khetha Ukuphepha – Zulu for Choose Safety – campaign at its conneXXion... 

Nearing zero fatality milestone
DR JOSEPH MATJILA We believe that zero harm is possible

Opportunities abound in uncertain iron-ore market

By: Darren Parker     6th December 2019 Where some might see cause for concern, mining services provider Ukwazi business development director Spencer Eckstein believes that the uncertain future of iron-ore demand and pricing could mean opportunity. Some of this uncertainty is exemplified by the announcement last month of the proposed... 

Opportunities abound in uncertain iron-ore market
Photo by Bloomberg
BALLS OF STEEL Pelletised iron is made from waste dust and can be used in the manufacture of steel
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