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Iron Ore News

Rio Tinto in steel-technology deal

2nd September 2003 A Rio Tinto subsidiary last week signed a HIsmelt Process Licence with the Laiwu Steel Group of China to allow for the development of an iron-making facility using world leading HIsmelt technology. 

Full iron-ore consolidation unlikely for now

By: Terence Creamer     29th August 2003 South African mining company Kumba Resource has, for now, accepted defeat on its proposal for a full corporate consolidation of the iron-ore resources in the Northern Cape by entering into heads of agreement with Assmang to pursue the potential for exchanges of reserves. 

Hope Downs iron-ore project

22nd August 2003 Name of the project and location Hope Downs iron-ore project, Pilbara District, Western Australia. Project Description Technical feasibility study for the construction of a new mine to produce up to 25 million tons a year of high-grade Marra Mamba iron-ore (for an initial period of 20 years), for... 

Two-company N Cape iron-ore model wins the day

By: Terence Creamer     22nd August 2003 South African mining company Kumba Resource appears to have accepted defeat on its proposal for a full corporate consolidation of the iron-ore resources in the Northern Cape and has entered into heads of agreement with Assmang to pursue the potential for exchanges of reserves. 

CVRD to ramp-up iron-ore exports in 2004

15th August 2003 Brazilian iron-ore mining giant Companhia Vale do Rio Doce (CVRD) reported consistent earnings yesterday of $456-million for the second quarter of 2003. 

Thabazimbi mulls banded ironstone project

By: Martin Zhuwakinyu     25th July 2003 Diversified mining group Kumba Resources says it will know by the end of March next year if it will proceed with a project to build a 500 000 t/y to 1 500 000 t/y plant to process banded ironstone ore at its Thabazimbi mine, in Limpopo province, using a technology it developed last year. 

CVRD makes temporary exit from gold

By: Keith Campbell     25th July 2003 BRAZILIAN mining, logistics and energy group Companhia Vale do Rio Doce (CVRD) has temporarily exited the gold-mining business with the sale of its only dedicated gold-mine to a Canadian company. 

China boosts BHP iron-ore output

24th July 2003 Strong demand from steel makers supplying a resource-hungry China has pushed up quarterly iron ore production 14% at the world's largest diversified miner, BHP Billiton. 

Consolidation aside, Sishen ponders 10 mt expansion

By: Terence Creamer     18th July 2003 Despite an expectation of significant change in the Northern Cape iron-ore industry, the region’s largest operator is continuing to pursue some innovative projects that could boost output by some 11-million t/y to 38-million t/y by 2008. 

Marketing strategy viewed as key in mining group’s China growth

By: Martin Zhuwakinyu     18th July 2003 The marketing strategy of BHP Billiton, aimed at adding value by selling more products at a higher avaerage profit margin by better meeting the needs of customers while better managing the risks across the business spectrum, has enabled the world’s largest diversified resources group to... 

Anglo a potential Hope Downs investor

15th July 2003 Australia's Hope Downs iron ore project said yesterday that Anglo American would be among potential investors it would target to take equity in a proposed A$1,5-billion development. 

Battle for new iron-ore era

By: Terence Creamer     14th July 2003 The high-profile spat between global mining giant Anglo American and the State-owned Industrial Development Corporation (IDC) at the Competition Tribunal is not the only source of conflict in the iron-ore industry. 

Who would be Iron King?

By: Terence Creamer     11th July 2003 Tension around South Africa’s iron-ore reserves is not limited to the spat at the Competition Tribunal 

SA group also keen on Moatize coal project

By: Keith Campbell     11th July 2003 SOUTH African mining group Kumba is interested in developing the Moatize coal deposits in Mozambique.? 

Assore unconvinced by consolidation talk

By: Terence Creamer     11th July 2003 Assore, a key shareholder in manganese and iron-ore producer Assmang, wants to see the continuation of two iron-ore operators in the Northern Cape and has not been swayed by the consolidation arguments of fellow iron-ore miner Kumba Resources. 

Kumba keen on consolidation of iron-ore industry

30th June 2003 South Africa's top iron-ore producer Kumba Resources said on Friday it would like to see just one operator in the country's Northern Cape province, where it mines alongside rival Anglovaal Mining (Avmin). 

Kumba argues the case for iron-ore consolidation

By: Terence Creamer     28th June 2003 South African miner Kumba Resources believes consolidation of the Northern Cape iron-ore industry into one operating entity could yield some R2-billion worth of annual savings and still provide ample space for meaningful black economic empowerment (BEE). 

Action needed to address ferrochrome oversupply

27th June 2003 Despite good demand for ferrochrome globally, market prices have remained under pressure as result of oversupply and the the Department of Minerals and Energy believes that more co-odination is needed in among South African producers to address the situation. 

Kumba pleased with iron-ore price settlement

18th June 2003 South African iron-ore producer Kumba Resources yesterday announced that the company has reached agreement with European as well as Asian customers on prices for Sishen fine and lump iron-ore deliveries for the year April 1, 2003 to March 31, 2004. 

Launch of metals-recovery empowerment project

By: Zonika Botha     13th June 2003 A consortium, comprising Mindev, a wholly-owned subsidiary of State-owned minerals researcher Mintek, Atoll, a joint venture between Mintek and Bateman Titaco, private company PGR Investments 17, and Sebeso, a black-empowered joint-venture between Leswikeng Minerals & Energy and Safika Resources,... 

Strong outlook for iron-ore – study

By: Laura Franz     13th June 2003 A new iron-ore market study has found that there will be continued strength in demand for the mineral over the next two years on the back of a finely balanced world market. 

IDC expert witness to appear at Tribunal

By: Martin Czernowalow     13th June 2003 A Competition Tribunal hearing that is likely to decide the future of South Africa’s iron-ore assets will continue next Tuesday, when the competition authority will hear expert testimony from a witness for the State-owned Industrial Development Corporation (IDC). 

Strong outlook for iron-ore – study

6th June 2003 A new iron-ore market study has found that there will be continued strength in demand for the mineral over the next two years on the back of a finely balanced world market. 

Minerals trust raises education contribution

By: Deborah Spicer     23rd May 2003 The Minerals Education Trust has increased its contributions to a variety of tertiary-education institutions this year. 

Erwin and Trahar to meet on N Cape iron-ore strategy

By: Terence Creamer     14th May 2003 Trade and Industry Minister Alec Erwin and Anglo American CE Tony Trahar are expected to meet within the next few weeks to begin progressing discussions on the future role of Anglo within South Africa’s iron-ore sector. 

Sting taken out of tribunal hearing, but not all in vain

By: Martin Czernowalow     8th May 2003 South Africa’s competition authorities will still meet later this month to deliberate the future control of the country’s iron-ore assets, but the recent sale by Anglo American of its stake in Avmin has definitely taken the sting out of the hearing. 

New twist in battle for SA's iron-ore

7th May 2003 The battle for control of South Africa's prized Northern Cape iron ore fields took a new turn on Tuesday with the government and miner Kumba Resources Ltd agreeing to work hand in hand. 

Kumba to be likely Anglo target

6th May 2003 The world's second largest diversified miner, Anglo American, sold its stake in Anglovaal Mining (Avmin) on Friday for $231-million, narrowing its focus in a fight to dominate South Africa's iron-ore fields. 

New pig-iron project for Brazil

28th April 2003 Brazil’s Companhia Vale do Rio Doce (CVRD) and Nucor Corporation announced last week that they have signed an agreement to construct and operate an environmentally friendly pig-iron project in Northern Brazil. 

Ferrochrome sector is staring higher power tariffs in the face

By: Martin Zhuwakinyu     25th April 2003 Electricity group Eskom’s metals-sector specialist, Charles Mahony, warned the expanding ferroalloys sector that it cannot be insulated from higher power prices in the future when he spoke at the Chromium 2003 conference in Johannesburg earlier this month. 

Kumba Q3 earnings slump 51%

25th April 2003 South Africa's largest iron-ore producer, Kumba Resources, yesterday reported a slump in third-quarter profits and said it expected earnings in the next quarter to come under pressure from a strong rand. 

SA’s ferrochrome share expected to rise to 60%

By: Martin Zhuwakinyu     11th April 2003 The South African ferrochrome industry’s share of global production is expected to increase to 60% – from 55% at present – by the end of next year, thanks to planned expansions and greenfield projects. 

New ferrochrome smelter

4th April 2003 Name of the project and location New ferrochrome smelter, Richards Bay. Project description The project forms part of the strategic industrial projects, which offer a tax-free advantage of about R480-million. If the project is given the go-ahead 115 permanent jobs and 1 300 indirect jobs would be... 

Target date of 2005 for new chrome mine

By: Joanne Delaurentis     4th April 2003 The development of the new chrome mine on the farm Buffelsfontein on the western limb of the Bushveld Igneous Complex is expected to get under way before the middle of this year, and completed in early 2005, Transvaal Ferro-Chrome CEO Ian Watson tells Mining Weekly. 

Resources group upgrades plant

28th March 2003 A member of the Switzerland-based international natural resources group Xstrata, Xstrata Alloys, of Rustenburg, spent R8,5-million upgrading the kiln bag-house at its Lydenburg ferrochrome processing plant. 

IDC to have its say in Anglo-Kumba hearing

By: Martin Czernowalow     28th March 2003 After more than a month’s deliberation, the Competition Appeal Court ruled earlier today that the Industrial Development Corporation (IDC) would be permitted to intervene in the Competition Tribunal hearing into Anglo American’s acquisition of iron-ore interests. 

Kumba raises stake in Ticor to 50,12%

19th March 2003 South African iron-ore producer Kumba Resources said yesterday it had increased its stake in Australian Titanium producer Ticor Limited to 50,12%. 

SA Chrome signs deal with Chinese steel group

14th March 2003 Ferrochrome producer South African Chrome and Alloys Limited this week announced that it has signed a heads of agreement with Jiuquan Iron and Steel Company (Jisco), the largest iron and steel producer in North West China, to undertake a feasibility study into the expansion of SA Chrome’s... 

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