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Iron Ore News

India to incentivise consortiums to build iron-ore pellet plants

By: Ajoy K Das     21st September 2018 India’s Mines Ministry is exploring ways to incentivise private merchant iron-ore miners to form consortiums to construct pelletisation plants in mineral bearing states, in view of a changing raw material preference of steel mills worldwide, particularly in China. Government companies like... 

Taskforce outcomes to set basis of Australia’s first resources plan in 20 years

By: Nadine James     21st September 2018 Minister for Resources and Northern Australia Matt Canavan on Friday welcomed a report by the federal government’s Resources 2030 Taskforce, which he convened in March to ensure that the Australian resource sector remains globally competitive and sustainable The Minister will use the work of the... 

Taskforce outcomes to set basis of Australia’s first resources plan in 20 years
Resources and Northern Australia Minister Matt Canavan

Australian miners spearheading disruptive technology movement – Fitch

By: Nadine James     21st September 2018 Australia’s strong information communications technology and energy infrastructure, highly skilled labour force and government support ensures that its miners will continue to be the frontrunners in implementing technology to cut costs, enhance efficiency and increase mine safety, the latest... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Ramaphosa moves to revitalise mining, create certainty
President Cyril Ramaphosa

Chinese steel mills chase iron-ore contracts with Brazil's Vale

By: Reuters     21st September 2018 Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron-ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale. China, the world's biggest consumer of the steelmaking ingredient,... 

Focus turns to nonexplosives-based rock breaking as quest for safer, more-efficient mining intensifies

By: Dylan Slater     21st September 2018 The South African mining industry, once the backbone of economic growth, intensive job creation and development, is declining constantly, owing to the slow rates of research and development into newer, safer, modernised, mechanised and continuous mining methods. A key pillar of improving mining... 

Focus turns to nonexplosives-based rock breaking as quest for safer, more-efficient mining intensifies

BHP seeks approval for $50m US pact over fatal Brazil dam burst

By: Reuters     20th September 2018 BHP Billiton has asked a US judge to approve a $50-million settlement of claims that it fraudulently inflated its share price by overstating its ability to manage safety risks before a fatal 2015 dam burst at a Brazilian mine. The Anglo-Australian mining company's preliminary settlement of... 

China's iron-ore demand to remain flat as scrap steel use rises

By: Reuters     20th September 2018 China's iron-ore demand is expected to stay flat, said an official from Baoshan Iron & Steel Co, the country's biggest listed steelmaker, as Beijing's stricter environmental rules boost the use of scrap steel. China's growing stockpiles of scrap steel should also increase its use in steelmaking... 

Vale says it could expand Brazil iron-ore mine as Chinese demand grows

By: Reuters     20th September 2018 Mining giant Vale is looking at expanding its flagship iron ore project in Brazil amid growing Chinese appetite for higher-grade varieties of the commodity, a company official said on Thursday. China, the world's top consumer of the steelmaking ingredient, has ramped up buying of higher-quality,... 

Vale says it could expand Brazil iron-ore mine as Chinese demand grows

Top miner sees US-China trade tensions limiting global growth

By: Bloomberg     18th September 2018 Rising US-China trade tensions threaten to curb consumer purchasing power, crimp productivity growth and limit global economic expansion, according to the world’s biggest mining company. The confrontation between the world’s top two economies, “along with an increasingly unpredictable policy... 

Top miner sees US-China trade tensions limiting global growth

Saldanha port’s iron-ore facility to shut for maintenance from Sept 26

By: Marleny Arnoldi     17th September 2018 Transnet Port Terminal’s (TPT’s) Saldanha iron-ore plant will shut down from September 26, as part of its yearly maintenance plan across mechanical, electrical and structural works. TPT Cape Channel GM Velile Dube states that maintenance is a critical necessity at this stage, since the facility... 

US iron miner helps launch ad campaign to sing tariff praises

By: Bloomberg     14th September 2018 Some US companies have reacted to the divisive issue of metal tariffs by saying as little as possible. Cleveland-Cliffs, on the other hand, has not only publicly backed the levies, now it’s putting up money to sing their praises. The US iron-ore producer says it’s deploying a promotional... 

South African mining sees considerable decline of 5.2% in July – Stats SA

By: Simone Liedtke     13th September 2018 Mining production in South Africa decreased by 5.2% year-on-year in July, following a 3.7% year-on-year rise in June, mainly as a result of declines in the production of gold, iron-ore, coal and platinum-group metals (PGMs). According to Statistics South Africa (Stats SA), gold decreased by 15%,... 

South African mining sees considerable decline of 5.2% in July – Stats SA

Mercuria to grow iron-ore business with major financing of US mine

By: Reuters     12th September 2018 Global commodities trader Mercuria Energy Group is expanding its iron ore business with a $650-million financing package for US producer Mesabi Metallics in exchange for a majority stake in the firm, Mercuria said in a statement on Wednesday. The Geneva-based firm said it had signed a memorandum... 

South Africa's iron-ore railway to be shut down for annual maintenance

By: Reuters     12th September 2018 The main railway line along South Africa's iron-ore corridor will be shut down for annual maintenance from September 26 to October 2, State-owned freight logistics firm Transnet said on Wednesday. The railway line that stretches up to 861 km (534 miles) from iron-ore mines at Sishen in the... 

Altus provides market update on exploration at Cameroon project

By: Tasneem Bulbulia     12th September 2018 Exploration activities at Altus Strategies’ 97.3%-owned 400 km2 Bikoula and Ndjele high-grade colluvial iron-ore licences in southern Cameroon have confirmed additional supergene haematite.   Reconnaissance pitting and mapping have confirmed additional supergene haematite; while the drilling... 

Manganese takes pole position in ARM’s earnings surge

By: Martin Creamer     10th September 2018 Manganese formed the backbone of the earnings performance of diversified mining company African Rainbow Minerals (ARM) in the 12 months to June 30, delivering 64% of the headline earnings, at R1.9-billion, and helping the company move into a strong net cash position by recording the best margin.... 

Manganese takes pole position in ARM’s earnings surge
Photo by Creamer Media Chief Photographer Dylan Slater
African Rainbow Minerals CEO Mike Schmidt

ARM mulling ‘very exciting’ growth opportunities – Motsepe

By: Martin Creamer     7th September 2018 Diversified mining company African Rainbow Minerals (ARM) is right now looking at some very exciting growth opportunities, its executive chairperson Patrice Motsepe said on Friday. After announcing the delivery of 51% higher headline earnings of R4 814-million in the 12 months to June 30... 

ARM mulling ‘very exciting’ growth opportunities – Motsepe
Photo by Creamer Media Chief Photographer Dylan Slater
African Rainbow Minerals executive chairperson Patrice Motsepe (right) with Mining Weekly Online's Martin Creamer at Friday's presentation of results

R2.7bn approved for Gloria project – Assore

By: Martin Creamer     7th September 2018 Capital expenditure (capex) of R2.7-billion has been approved for the modernisation and optimisation of Assmang’s Gloria Manganese Mine at Black Rock in the Northern Cape, Assore CEO Charles Walters told Mining Weekly Online on Thursday. Assore owns 50% of Assmang, which it controls jointly with... 

R2.7bn approved for Gloria project – Assore
Black Rock Manganese Mine in Northern Cape.

Services group gains agencies, boosts offering

By: Halima Frost     7th September 2018 Vereeniging-based furnace and industrial services provider Dickinson Group of Companies has been appointed as an agent for Danish chemical industry company Haldor Topsoe in Namibia, Zambia and the Democratic Republic of Congo (DRC). Dickinson Group will promote, sell and strategically warehouse... 

Services group gains agencies, boosts offering
HANDLING THE LOAD Dickinson Group's state-of-the-art heavy duty vacuum truck is used for catalyst handling

Company expands footprint in manganese mining industry

7th September 2018 Mining equipment specialist Osborn Engineered Services has secured an R8.5-million order to supply a range of its high-quality machines to a new manganese mine in the Northern Cape. Osborn product sales manager Francois Scott says that this order and the region are significant for Osborn. The... 

Company expands footprint in manganese mining industry
MANGANESE OPERATION Osborn Engineered Services will supply new machines to a new operation in the Northern Cape

Manganese star performer, more stability in iron-ore price – Assore

By: Martin Creamer     6th September 2018 Manganese was the star performer for diversified mining company Assore in the 12 months to June 30, when the Johannesburg Stock Exchange-listed record-performer experienced greater stability in iron-ore pricing but also chrome price volatility caused by global tariff uncertainty. In reporting... 

Manganese star performer, more stability in iron-ore price – Assore
Photo by Creamer Media
Assore CEO Charles Walters

Assore posts record sales, output, earnings, dividend

By: Martin Creamer     6th September 2018 Diversified mining company Assore on Thursday posted record-upon-record in what has been an outstanding 12 months for the JSE-listed chrome ore, manganese ore and iron-ore producer that also bettered its lost time injury frequency rate in the period but sadly suffered a fatality. The 12 months to... 

Assore posts record sales, output, earnings, dividend
Assore CEO Charles Walters

Master Drilling acquires Atlantis

By: Martin Creamer     5th September 2018 The strengthening of diversified geographic footprint of mining technology company Master Drilling is continuing with the announcement on Wednesday that the Johannesburg Stock Exchange company had entered into agreements to acquire the businesses of the Atlantis Group, a South African... 

Master Drilling acquires Atlantis
Photo by Creamer Media Chief Photographer Dylan Slater
Master Drilling CEO Danie Pretorius

IronRidge strengthens management team as it transitions from explorer to developer

By: Simone Liedtke     3rd September 2018 Aim-listed IronRidge Resources continues to strengthen its management team as it transitions from explorer to developer, through securing key executives and senior managers for the next phase of the company’s project and corporate development. On Monday, CEO Vincent Mascolo committed to a further... 

Indian govt cracks the whip to get states to complete fresh exploration by year-end

By: Ajoy K Das     30th August 2018 The Indian government has cracked the whip on mineral bearing states to ensure that they hold timely auctions of 288 mineral blocks, leases of which are slated to lapse in 2020. The federal Mines Ministry has issued an ultimatum to all mineral-bearing states to complete fresh exploration of... 

MinRes restarts ops at Yilgarn after wrapping up Cliffs deal

By: Esmarie Swanepoel     30th August 2018 ASX-listed Mineral Resources (MinRes) has restarted operations at its Yilgarn operations after completing the acquisition of US group Cleveland-Cliff’s Koolyanobbing iron-ore operation, in Western Australia. The two companies in June this year struck a sales agreement over the Cliff’s tenements... 

Atlas reports losses in FY18

By: Esmarie Swanepoel     29th August 2018 Embattled iron-ore miner Atlas Iron has reported a A$100-million drop in underlying earnings before interest, tax, depreciation and amortization (Ebitda) for the 2018 financial year, on the back of lower iron-ore outputs. Underlying Ebitda for the full year was down from the A$116-million... 

Master Drilling mulling year-end dividend, launching blast-free borer

By: Martin Creamer     28th August 2018 Innovative drilling technologies company Master Drilling, which will next month launch a new blast-free mobile tunnel boring machine that is expected to have a far-reaching beneficial impact on mining, on Tuesday reported satisfactory results for the six months ended June 30. The Johannesburg... 

Master Drilling mulling year-end dividend, launching blast-free borer
Photo by Creamer Media
Master Drilling CEO Danie Pretorius

Vale's iron-ore output will rise only if prices increase – CEO

By: Reuters     27th August 2018 The CEO of Brazil's Vale SA, the world's largest iron-ore producer, said in an interview published on Sunday that the company would ramp up annual production to 450-million tonnes only when prices rise. Vale CEO Fabio Schvartsman told the Estado de S. Paulo newspaper the company would only... 

Brazil's Usiminas seeks to sell stake in miner Musa –source

By: Reuters     24th August 2018 Brazilian steelmaker Usinas Siderurgicas de Minas Gerais, known as Usiminas, has hired Banco BTG Pactual SA to sell its 70% stake in its mining company, one person with knowledge of the matter said on Thursday. Trading on Usiminas stock was suspended for around 40 minutes by Brazilian stock... 

BCI puts iron-ore assets up for sale

By: Creamer Media Reporter      23rd August 2018 ASX-listed BCI Minerals has formally started a process of selling its iron-ore assets in the Pilbara, with the company’s Iron Valley mine, Kumina and Bungaroo South projects, as well as its proposed Cape Preston East port facility put on the market. The portfolio up for sale represents one of... 

Québec provides financial assistance to C$1.3bn iron/vanadium project

By: Creamer Media Reporter      23rd August 2018 The government of Québec has announced C$185-million in financial assistance to privately-owned BlackRock Metals to support the construction of an openpit mine that will produce iron, vanadium and titanium near Chibougamau, in the Nord-du-Québec region. This financial assistance will also... 

Brazil's Samarco mine unlikely to restart in 2019 -BHP

By: Reuters     21st August 2018 There is little likelihood that Brazil's Samarco iron ore mine, a joint venture between Vale SA and BHP Billiton, will restart operations next year even though it expects to have all of the required licenses, a BHP spokesman said on Tuesday. The statement confirmed comments made by another BHP... 

BHP’s underlying profit jumps 33%, pays record dividend

By: Esmarie Swanepoel     21st August 2018 Diversified miner BHP has reported a 33% increase in underlying attributable profit for the financial year ended June, as well as a 10% increasing in operating cash flows. Underlying attributable profit, which excludes one-time gains and losses, was reported at $8.9-billion for the 2018... 

BHP’s underlying profit jumps 33%, pays record dividend
BHP CEO Andrew Mackenzie

Fortescue profit hit by China demand, 60% iron content product to be launched in FY19

By: Mariaan Webb     20th August 2018 China’s demand for higher grade iron-ore has hit Australian miner Fortescue’s pocket hard, with the company on Monday reporting that its net profit had more than halved in the 2018 financial year, ended June 30. Fortescue’s net profit after tax decreased from $2.09-billion in the 2017 financial... 

Fortescue profit hit by China demand, 60% iron content product to be launched in FY19
Fortescue CEO Elizabeth Gaines

Mining industry reaffirms commitment to safety with campaign launch

By: Simone Liedtke     17th August 2018 The Minerals Council South Africa (MCSA), previously known as the Chamber of Mines, on Friday launched its National Day of Safety and Health in Mining 2018, which will see 66 MCSA member companies hosting safety and health days at each of their operations in the next month. The launch of the... 

Mining industry reaffirms commitment to safety with campaign launch
Photo by Dylan Slater
MCSA CEO Roger Baxter

Commodity price increases lack conviction – IHS

By: Nadine James     17th August 2018 Commodity analysts IHS Markit on Thursday reported that the Materials Price Index (MPI) had risen by 0.5% in the last week, but that the index’s ten subcomponents were evenly split between those showing increases and those showing declines, highlighting the uncertainty in markets. The MPI... 

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