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Iron Ore News

Brazil's CVRD obtains $300m loan

5th April 2004 Brazilian iron-ore giant Companhia Vale do Rio Doce (CVRD) has obtained a $300-million syndicated loan. 

. . . heralds entry of new SA technology

By: Keith Campbell     5th March 2004 INTERNATIONAL mining group Xstrata’s new Premus technology for the production of ferrochrome was developed here in South Africa. 

R1,25bn chrome project to be empowered . . .

By: Steven Chiaberta     5th March 2004 Swiss mining group Xstrata and empowered chrome producer South African Chrome & Alloys (SA Chrome) will jointly participate in phase one of Xstrata’s recently-announced Lion project. 

Miners worried about surging shipping costs

By: Terence Creamer     5th March 2004 While much attention is being given locally to South Africa’s logistical constraints, particularly relating to rail and port infrastructure, it appears that the rising cost associated with shipping is of more immediate concern to the big commodity exporters and their customers. 

Talks advance on iron-ore empowerment

By: Terence Creamer     5th March 2004 Mining group Anglo American is in talks with government as well as prospective black economic empowerment (BEE) partners over its stake in JSE Securities Exchange-listed Kumba Resources. 

China’s ferrochrome prices slip on rising imports

1st March 2004 China's domestic ferrochrome prices have fallen around 10% in the last few weeks to align themselves with the price of surging imports, traders said on Friday. 

Infrastructure the key to SA participation in iron-ore boom

By: Terence Creamer     27th February 2004 South Africa’s largest iron-ore miner, Kumba Resources, has initiated priority talks with State transport utility Transnet on possible expansion scenarios for existing rail and port infrastructure in the Northern and Western Cape provinces. 

Kumba to raise iron-ore output 20mt by 2010

By: Terence Creamer     20th February 2004 South Africa’s largest iron-ore miner, Kumba Resources, has recommitted itself to an aggressive expansion programme in the Northern Cape, despite failing to come to an arrangement with Assmang, which also operates in the region, on a possible reserve exchange. 

Kumba, Assmang suspend N Cape iron-ore study

17th February 2004 South Africa's number-one iron-ore producer, Kumba Resources, said yesterday it had halted talks with Assmang on a possible asset swap in the Northern Cape iron-ore fields, due to unspecified disagreements. 

Furnace contract for R1,1bn ferrochrome project

By: Zonika Botha     6th February 2004 South African smelting technology and equipment specialists Pyromet announced last week that the construction of the long-awaited R1,1-billion Tranvaal Ferrochrome project near Brits, in the North West Province, which was first announced about three years ago, should start before the middle of... 

‘Monopoly pricing’ fight heats up

By: Keith Campbell     6th February 2004 “Take the supplier monopolies away!” is the battle cry of South African gold miner Durban Roodepoort Deep (DRD) executive chairman Mark Wellesley-Wood. 

Study on for second iron-ore export channel

By: Irma Venter     3rd February 2004 A study is under way to establish a second iron-ore rail-line for South Africa, similar to the Sishen–Saldanha line that transports iron-ore from Kumba Resources’ Sishen iron-ore mine and Assmang’s Beeshoek mine, in the Northern Cape, to the Saldanha harbour, in the Western Cape. 

Rio Tinto to ship 170m t/y of iron-ore by end 2005

3rd February 2004 International mining giant Rio Tinto yesterday said it would have the capacity to ship over 170-million tons of iron-ore a year from Pilbara, by the end of 2005, an increase of some 35% and, dependent on demand, has options for further expansion. 

Stainless growth underpins R1,25bn ferrochrome project

By: Irma Venter     30th January 2004 A hungry stainless-steel market is one of the driving forces behind the construction of London-listed Xstrata’s new R1,25-billion 330 000 t/y ferrochrome smelter in South Africa. 

CVRD has $2-billion capex plan for 2004

By: Keith Campbell     30th January 2004 MINING, logistics and energy group Companhia Vale do Rio Doce is planning investments worth about $2-billion for this year. 

Hope Downs will not reveal potential partners

By: Martin Czernowalow     13th January 2004 Shareholders have yet to finalise a shortlist of potential partners for the Hope Downs iron-ore project, but the list would not be made public once completed, a top official told Mining Weekly Online. 

Contractual issues delay Hope Downs’ search for partners

By: Martin Czernowalow     9th January 2004 The search for partners for the Australian Hope Downs iron-ore project is being delayed by ‘contractual issues’ between Kumba Resources and Hancock Prospecting, a Kumba spokesperson told Mining Weekly Online. 

Furnace construction more than a month ahead of schedule

By: renay de     12th December 2003 The expansion project at ASA Metals works in Steelpoort, Limpopo, involves the design, construction and commissioning of an additional submerged-arc furnace at the ferrochrome smelter. 

Construction work finished in September

By: renay de     12th December 2003 The civil construction of the Steelpoort ferrochrome smelter was awarded as a joint venture to a black empowerment subsidiary of Peter Mellor, Afro Projects, and Peter Mellor. 

Steel-hungry China may demand third smelter at Steelpoort

By: renay de     12th December 2003 The first furnace at ASA Metals’ Steelpoort Ferrochrome Smelter, in Steelpoort, Limpopo, which was commissioned in 1999, enabled the smelter to achieve production of 50 000 t/y. 

Hydraulic piping work completed

By: renay de     12th December 2003 The contract for the hydraulic installation at ASA Metals Steelpoort ferrochrome smelter, in Steelpoort, Limpopo, was awarded to Alberton Hydraulics, by Pyromet Technologies, in September. 

New ferrochrome smelter approved for SA

10th December 2003 London-listed miner Xstrata said yesterday it has given approval for the construction of a 330 000 t ferrochrome smelter in South Africa. 

Anglo raises Kumba stake to 66,6%

9th December 2003 Mining giant Anglo American said yesterday it had raised its stake in South African iron-ore firm Kumba Resources to 66,6%, after an offer to shareholders, well above a limit agreed with the government. 

Court ruling boosts Hope Downs project

By: Martin Czernowalow     21st November 2003 South Africa’s biggest iron producer and its Australian partner received a major boost earlier this month week, when a court ruled that their Hope Downs iron-ore project was entitled to enter into negotiations about third-party access to BHP Billiton’s Pilbara railway line. 

Court ruling boosts Hope Downs project

By: Martin Czernowalow     11th November 2003 South Africa’s biggest iron producer and its Australian partner received a major boost last week, when a court ruled that their Hope Downs iron-ore project was entitled to enter into negotiations about third-party access to BHP Billiton’s Pilbara railway line. 

Search for Hope Downs partner delayed as Anglo lurks

By: Martin Czernowalow     4th November 2003 The release of an information memorandum, calling for offers for part of the Hope Downs iron-ore project, has been delayed due to minor regulatory glitches – at a time when mining giant Anglo American said it would make a cash offer to Kumba Resources’ shareholders, after its stake in... 

‘Global iron-ore boom continues’ – Unctad

27th October 2003 The United Nations Conference on Trade and Development (Unctad) Iron-Ore Trust Fund said that the global iron-ore boom is continuing. In the first half of 2003, global production reached over 540-million tons. 

Search for Hope Downs partner to start this month

By: Martin Czernowalow     10th October 2003 South African iron-ore giant Kumba Resources last week confirmed that it is in the final stages of drawing up an information memorandum calling for offers for part of the Hope Downs project in Western Australia. 

Three producers account for 70% of iron-ore – study

9th October 2003 The global iron-ore landscape has become the domain of giants, with the top three producers now accounting for over 70% of world seaborne iron-ore trade, says AME Mineral Economics in its latest study. 

New board members appointed at junior miner

8th October 2003 Canadian mining company America Mineral Fields announced yesterday the appointment of Bernard Pryor and John Bentley to its board of directors. 

SA could benefit from robust ferrochrome market . . .

By: Zonika Botha     3rd October 2003 South Africa dominates the world’s prime ferrochrome sector and will subsequently have the major share of any future expansions undertaken by the world’s second-largest ferrochrome producer, BHP Billiton. 

Search for Hope Downs partner to start this month

By: Martin Czernowalow     3rd October 2003 South African iron-ore giant Kumba Resources this week confirmed that it is in the final stages of drawing up an information memorandum calling for offers for part of the Hope Downs project in Western Australia. 

‘Anglo must now deliver on iron-ore promises’

By: Terence Creamer     26th September 2003 State-owned development financier the Industrial Development Corporation (IDC) believes it is now time for mining giant Anglo American to deliver on its promises for the expansion and empowerment of the Northern Cape iron-ore industry. 

Kumba is a core IDC asset - Ngqula

By: Terence Creamer     18th September 2003 State-owned development financier the Industrial Development Corporation (IDC) insisted yesterday that it viewed its 14% stake in diversified miner Kumba Resources as a core investment and that it would not be selling any of its shares at this stage. 

Search on for iron-ore project partners

By: Martin Czernowalow     12th September 2003 An information memorandum calling for offers for part of the Hope Downs iron-ore project, in Western Australia, could be sent out before the end of this month. 

Anglo wins bitter Tribunal battle

5th September 2003 South Africa gave the green light on Thursday for Anglo American Plc to acquire nearly 35 percent in the country's biggest iron-ore producer, Kumba Resources , worth about R4 billion rand ($549.4 million). 

Hope Downs’ search for partner could start this month

By: Martin Czernowalow     3rd September 2003 An information memorandum calling for offers for part of the Hope Downs iron-ore project, in Western Australia, could be sent out before the end of this month. 

Competition Tribunal's iron-ore ruling imminent

By: Martin Czernowalow     2nd September 2003 A Competition Tribunal decision that could significantly affect the future of the South African iron-ore industry is expected to be announced within a week. 

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