http://www.miningweekly.com
R/€ = 16.45 Change: 0.09
R/$ = 14.35 Change: 0.09
Au 1228.42 $/oz Change: 6.10
Pt 831.50 $/oz Change: -2.11
 

Iron Ore News

Top-grade iron-ore may spike to $100/t

By: Bloomberg     16th July 2018 High-grade iron-ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity, adding further momentum to a trend that’s reshaped the global market in recent years and driven buyers in Asia’s top economy to seek out better-quality material.... 

Rio Tinto autonomous train makes first delivery 280 km away 

By: Esmarie Iannucci     13th July 2018 Mining major Rio Tinto has delivered its first iron-ore delivery by autonomous train from the Tom Price mine, to the port of Cape Lambert, some 280 km away. The autonomous train consisted of three locomotives and carried about 28 000 t of ore. The train was monitored remotely by operators in... 

Costs outweigh price of Atlas Iron’s ore

By: Esmarie Iannucci     12th July 2018 Takeover target Atlas Iron has faced another tough quarter during the three months to June, with all-in sustaining costs outweighing the price for its ore. Atlas on Thursday told shareholders that C1 cash costs for the period reached A$42/t, up from the A$41/t in the March quarter, while full... 

Costs outweigh price of Atlas Iron’s ore

BHP gains green light for long-term Pilbara expansion

By: Esmarie Iannucci     11th July 2018 The Western Australia Environmental Protection Authority has approved mining major BHP’s long-term mining plan in the Pilbara. BHP is planning to expand its iron-ore operations, with plans to more than double current production to 350-million tonnes a year, with the ultimate objective of... 

BHP gains green light for long-term Pilbara expansion

Japan's Mitsui may raise its stake in Vale – executive

By: Reuters     6th July 2018 Japanese trading house Mitsui & Co may boost its stake in Brazil's Vale SA if other shareholders sell part of their holdings, a senior executive said, giving it greater influence over the iron ore giant's management. Several Brazilian pension funds and BNDESPar, the investment arm of state... 

Company expands South American service offering

By: Jessica Oosthuizen     6th July 2018 As part of its coordinated international strategy, minerals processing specialist Multotec is establishing a joint venture (JV) in Belo Horizonte, Brazil, which will enhance its presence in the South American region, says Multotec screening media VP Roy Roche. He tells Mining Weekly that the... 

Company expands South American service offering
PRODUCT STRATEGY Multotec is following a five-product strategy focussed on screening media, cyclones, samplers, spirals and ceramic linings in its targeting of South America

Iron-ore slides to seven-month low as trade war fears mount

By: Bloomberg     5th July 2018 Iron-ore’s starting to buckle after a series of warnings that prices are set to drop amid rising global supply, and as investors fret about the potential impact of escalating trade tensions between the US and China. Benchmark spot ore eased to $62.50/t on Thursday, the lowest since November,... 

Goldman says buy commodities as clock ticks toward trade war

By: Bloomberg     5th July 2018 Commodity bull Goldman Sachs Group Inc. has poured cold water on the notion that a trade war between the US and China represents a serious threat to raw materials, saying most of them aren’t likely to be significantly impacted, and after recent declines now’s the time to buy. The Wall Street... 

Analysts spring to Glencore’s defence as miner restores confidence with buyback scheme

By: Martin Creamer     5th July 2018 Research analysts have sprung to the defence of Glencore, which has rapidly restored confidence by announcing an immediate share buyback programme that communicates the formidable faith of management in the London- and Johannesburg-listed diversified mining and marketing company. In a note... 

Analysts spring to Glencore’s defence as miner restores confidence with buyback scheme
Photo by Creamer Media
Glencore CEO Ivan Glasenberg

Nigeria to offer 12.7bn naira mining contract to eight firms

By: Reuters     5th July 2018 Nigeria will offer a 12.7-billion naira ($41.6-million) mining contract to eight companies in exploration and consultancy, its junior mining minister said on Wednesday, adding both foreign and local firms were encouraged to participate. Nigeria's economy, one of Africa's largest, has been built... 

Drone tech first for Kumba Iron Ore a ‘game changer’ at Sishen mine

By: Marleny Arnoldi     3rd July 2018 Diversified miner Anglo American subsidiary Kumba Iron Ore has worked through two years of complex legal, governance and logistical challenges to earn an operating licence to fly its own remote aircraft systems, or drones, which have already become a ‘game changer’ at its Sishen mine, near Kathu,... 

Drone tech first for Kumba Iron Ore a ‘game changer’ at Sishen mine

Commodity powerhouse warns of risks to growth from trade war

By: Bloomberg     2nd July 2018 Commodity powerhouse Australia delivered a double-barreled warning that rising trade protectionism will hurt global growth, adding its voice to a chorus of alarm just days before the US and China slap duties on each other, risking a spiral of tit-for-tat tariffs. “Trade tensions between the US... 

Commodity powerhouse warns of risks to growth from trade war

Takeovers Panel denies Fortescue plea

By: Esmarie Iannucci     2nd July 2018 The Australian Takeovers Panel has declined to conduct proceedings against takeover target Atlas Iron. Iron-ore miner Fortescue Metals in June applied to the Takeovers Panel in a bid to stop Gina Rinehart’s Hancock Prospecting from gaining a greater stake in Atlas. 

Rio Tinto’s Paraburdoo stacker project to boost WA jobs

By: Esmarie Iannucci     2nd July 2018 The Western Australian government has welcomed a decision by mining major Rio Tinto to construct new stackers at its Paraburdoo mine, in the Pilbara. Rio will spend about $39-million to replace the stackers, creating nearly 100 jobs in the process. 

Atlas recommends Hancock offer; cuts back production

By: Esmarie Iannucci     29th June 2018 Takeover target Atlas Iron on Friday recommended the offer from Hancock Prospecting to shareholders, saying the board had unanimously agreed to recommend the offer. The majority of the Atlas board earlier this month determined that the 4.2c a share offer from Hancock was superior to an earlier... 

Atlas recommends Hancock offer; cuts back production

Atlas attributed no value to NWI interest

By: Esmarie Iannucci     28th June 2018 ASX-listed Atlas Iron on Thursday said that the company had attributed no value to its interest in the North West Infrastructure (NWI) joint venture, or its intention to develop export capacity at the port of Port Hedland. Atlas was responding to a query from shareholder Fortescue, which urged... 

Atlas attributed no value to NWI interest

Orion Resource Partners raising $500m in royalty, streaming fund - sources

By: Reuters     26th June 2018 Orion Resource Partners is raising up to $500-million in a fund financing potash, tungsten and iron-ore mines, sources close to the matter said, meeting miners' need for funding and investors' appetite for long-term assets. Miners are turning to alternative sources of finance as the industry has... 

Fortescue makes a move in Atlas battle

By: Esmarie Iannucci     26th June 2018 Iron-ore major Fortescue Metals, through its subsidiary NCZ Investments, has made an application to the Australian Takeovers Panel in a bid to stop Hancock Prospecting from gaining a greater stake in takeover target Atlas Iron. Hancock Prospecting recently launched a 4.2c a share cash offer for... 

Jindal Steel South Africa units file for business protection

By: Bloomberg     26th June 2018 South African units of Jindal Steel & Power filed for a local form of bankruptcy protection known as business rescue this month. Jindal Mining SA, Jindal Africa Investments and Eastern Solid Fuels filed notice of the voluntary proceedings on June 12, according to documents posted on Jindal... 

Strong rand to impact on Kumba's interim earnings

By: Creamer Media Reporter      25th June 2018 Kumba Iron Ore says the stronger rand and lower export iron-ore prices negatively impacted on its headline earnings and earnings for the six months to June 30. In a trading update on Monday, the iron-ore miner said its headline earnings and earnings are likely to be at least R921-million and... 

Alderon bolsters its board with Morier appointment

By: Creamer Media Reporter      25th June 2018 TSX-listed Alderon Iron Ore has appointed Rolland Morier, an executive with expertise in financial management, business strategy, aboriginal land claims and government relations, to its board of directors. Alderon expects Morier to provide support and guidance in strengthening existing... 

Minerals Council said to plan free-carry challenge

By: Bloomberg     25th June 2018 South Africa’s main mining lobby group told analysts and mining companies that it would probably challenge a final draft of the government’s new Mining Charter if two key points of dispute aren’t removed, according to two people familiar with the matter. The Minerals Council South Africa, which... 

Minerals Council said to plan free-carry challenge
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe

Support to ensure optimal performance

22nd June 2018 With mining operations remaining under pressure to optimise plants, original-equipment manufacturers (OEMs) and suppliers must be more dynamic and focused in terms of their overall market offering, says minerals beneficiation technology supplier MBE Minerals SA MD Johannes Kottmann. He says that... 

Support to ensure  optimal performance
THOROUGH MAINTENANCE MBE Minerals is capable of undertaking ongoing equipment condition monitoring, maintenance and service support

$14m Sprott loan to reboot Alderon’s Kami project

By: Creamer Media Reporter      21st June 2018 TSX-listed Alderon Iron Ore has entered into an agreement with Sprott Resource Lending for a $14-million loan facility, which will provide the junior with sufficient funds to repay a loan due to Liberty Metals and Mining and provide additional runway to reboot the Rose deposit of the... 

$14m Sprott loan to reboot Alderon’s Kami project
The Kami project in western Labrador.

Atlas directors back Hancock offer

By: Esmarie Iannucci     21st June 2018 Takeover target Atlas Iron has backed a takeover offer from Hancock Prospecting, after suitor Mineral Resources (MinRes) pulled out of the race by failing to match the offer. MinRes earlier this week said that it would not make a counter offer for Atlas, after Hancock Prospecting launched a... 

Atlas directors back Hancock offer

MinRes declines to up Atlas offer

By: Esmarie Iannucci     20th June 2018 ASX-listed Mineral Resources (MinRes) on Wednesday announced that it will not make a counter offer for iron-ore miner Atlas Iron. MinRes had been given three business days to come up with a new offer for Atlas after Hancock Prospecting launched a 4.2c a share cash offer for Atlas, in which it... 

Selloff in iron-ore to rubber in China as US trade war widens

By: Reuters     19th June 2018 Prices of commodities from iron ore to rubber tumbled in China on Tuesday, with investor sentiment shaken by an intensifying trade war between Beijing and Washington that could hurt the world's No. 2 economy. The selloff also hit steel, copper, cotton and palm oil, as Chinese investors returned... 

MinRes given tight deadline to improve Atlas bid

By: Esmarie Iannucci     19th June 2018 Iron-ore miner Atlas Iron has given suitor Mineral Resources (MinRes) three business days to match the takeover offer Hancock Prospecting put on the table earlier this week. Hancock on Monday revealed a 4.2c a share cash offer for Atlas, in which it already holds a 19.96% interest. 

Rio spending $2.2bn on iron-ore supply

By: Esmarie Iannucci     18th June 2018 Diversified miner Rio Tinto on Monday revealed that it will be spending some $2.2-billion over the next three years on replacement mines for its iron-ore operations in the Pilbara, including initial spending on the proposed Koodaideri, West Angelas and Robe Valley developments. Rio’s iron-ore... 

Rinehart’s Hancock bids $390m for Atlas, trumps MinRes offer

By: Esmarie Iannucci     18th June 2018 Gina Rinehart’s Hancock Prospecting has solidified its intentions for ASX-listed Atlas Iron, revealing a 4.2c a share takeover offer, or A390-million, for the Pilbara iron-ore miner. Atlas told shareholders on Monday that the Hancock offer, which would open in about two weeks’ time, would be... 

Samarco is said to be nearing settlement with Brazil prosecutors

By: Bloomberg     15th June 2018 After a year of back and forth, the owners of the idle Samarco iron-ore mine are close to signing a definitive settlement with Brazilian prosecutors that will clear the way for restart preparations and debt talks to begin, according to people briefed on the matter. Joint venture partners Vale... 

Minerals Council, water dept collaborate on water conservation, demand management project

By: Creamer Media Reporter      15th June 2018 The Department of Water and Sanitation (DWS) and the Minerals Council South Africa (MCSA) have reached a significant milestone in a collaborative exercise on water conservation and water demand management aimed at driving water savings and usage improvements in the mining industry. The... 

Minerals Council, water dept collaborate on water conservation, demand management project

BHP awards contract at newly approved South Flank

By: Esmarie Iannucci     15th June 2018 Mining major BHP has awarded a A$260-million mining infrastructure works contract to ASX-listed Cimic, at the newly approved South Flank project, in Western Australia. BHP overnight approved the $3.4-billion South Flank project, which will replace production from the 80-million tonne a year... 

BHP approves $2.9bn capital expenditure for South Flank iron project

By: Creamer Media Reporter      14th June 2018 BHP has approved capital expenditure of $2.9-billion for the South Flank iron-ore project, in the central Pilbara, Western Australia. The project, in which BHP holds an 85% interest, will cost $3.4-billion to develop and will fully replace production from the 80-million-tonne a year Yandi mine,... 

BHP approves $2.9bn capital expenditure for South Flank iron project

South Africa's mining production down 4.3% y/y in April

By: African News Agency      14th June 2018 South Africa' mining output fell by decreased by 4.3% in April compared with the same month last year, the national statistics agency said on Thursday. Statistics South Africa said the largest negative contributors to the decline were platinum group metals (PGMs), which slid 6.5%, deducting 1.5... 

South Africa's mining production down 4.3% y/y in April

Atlas does not have priority rights to new Hedland berths

By: Esmarie Iannucci     14th June 2018 The share price of iron-ore miner Atlas Iron dropped by nearly 16% on Thursday after the Western Australian government informed the company that it did not have “priority right” to develop new export berths. Atlas told shareholders that the North West Infrastructure (NWI), of which the company... 

Atlas does not have priority rights to new Hedland berths

Hancock Prospecting discloses nearly 20% stake in Atlas Iron

By: Reuters     13th June 2018 Australian billionaire Gina Rinehart's Hancock Prospecting group of companies disclosed on Wednesday a 19.96% stake in Atlas Iron, heating up the race for the small iron-ore miner. Hancock Prospecting Pty Ltd holds a 14.97% stake in Atlas, while Hancock's unit Redstone Corporation will have a... 

Brazil pension fund Funcef still considering sale of Vale stake

By: Reuters     12th June 2018 Brazilian pension fund Funcef is still considering whether to sell its stake in mining company Vale SA but sees no immediate urgency to do so, its director Paulo Werneck said on Tuesday, as funds try to avoid putting pressure on Vale shares. Speaking to journalists on the sidelines of a... 

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close