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Iron-ore

BHP and HBIS partner on steelmaking decarbonisation
BHP and HBIS partner on steelmaking decarbonisation
11th December 2023 By: Creamer Media Reporter

Diversified miner BHP is teaming up with Chinese steelmaker HBIS to demonstrate the use of its iron-ore in direct reduced iron (DRI) production trials. “DRI is an important element of our pathways... 


An image of Anglo American CE Duncan Wanblad
Anglo reconfigures some assets as it targets lower costs, capex
8th December 2023 By: Tasneem Bulbulia

Global diversified miner Anglo American is focusing on improving its cost performance and cash generation by reconfiguring several assets to adjust the production profile to near-term constraints... 


The Sishen mine
Logistics challenges force Kumba to cut its production guidance for 2024, 2025
8th December 2023 By: Chanel de Bruyn

Although South African iron-ore miner Kumba Iron Ore has continued to deliver improved operational stability at both its Sishen and Kolomela mines, the logistical constraints facing the country has... 


The Mogalakwena PGMs mine
Anglo American preps sweeping cost cuts as price rout bites – sources
7th December 2023 By: Reuters

Anglo American is preparing to freeze spending on growth and widen job cuts in South Africa, going far beyond its initial savings target and paving the way to mothballing some higher-cost platinum... 


EU carbon tax could cost Africa $25bn, AfDB chief says
7th December 2023 By: Bloomberg

Africa could lose as much as $25-billion annually due to the European Union’s new carbon border tax, hurting the continent’s trade by penalizing valued-added exports such as iron and fertilizers,... 


Vandita Pant
Major reshuffle of BHP’s top executives
7th December 2023 By: Mariaan Webb

Diversified mining major BHP on Thursday unveiled a major reshuffling of its top executives, assembling a team with the “right mix of skills and experience” to deliver its strategy and pursue its... 


Jupiter Mines chairperson Ian Murray
South Africa’s community engagement ahead of global peers, manganese AGM hears
6th December 2023 By: Martin Creamer

The South African mining industry is years ahead of its international peers when it comes to local and community engagement, Australia-listed Jupiter Mines, which owns 49.9% of the Tshipi manganese... 


Simandou stands out as the world’s biggest untapped high-grade iron-ore deposit, and if approved, promises to be the most extensive greenfield integrated mine and infrastructure investment across the African continent.
Rio Tinto investing $10bn/y in capex, spotlight on Simandou
6th December 2023 By: Mariaan Webb

Diversified major Rio Tinto has earmarked about $10-billion a year in capital investments from 2024 to 2026, with the cornerstone of its investment strategy over the next three years being its... 


Vale offers iron-ore price support with steady output plan
Vale offers iron-ore price support with steady output plan
6th December 2023 By: Reuters

Brazilian iron-ore giant Vale plans to keep its production of the steelmaking ingredient steady next year, potentially offering some support to the recent price rally. The world’s second-largest... 


Rio Tinto brings forward Simandou iron-ore production to 2025
Rio Tinto brings forward Simandou iron-ore production to 2025
6th December 2023 By: Reuters

Rio Tinto on Wednesday brought forward the start of production from its giant Simandou iron ore project in Guinea to 2025 with plans to spend about $6.2-billion including on port and rail... 


Mining giant Vale says China can't control price of iron-ore
Mining giant Vale says China can't control price of iron-ore
5th December 2023 By: Bloomberg

China may be the world’s biggest buyer of iron ore, but even that powerful position doesn’t mean that Beijing can succeed in dictating prices for the steelmaking ingredient, said the head of No. 2... 


Rhodes Ridge has 100Mt/y hub potential, says Rio Tinto
Rhodes Ridge has 100Mt/y hub potential, says Rio Tinto
5th December 2023 By: Creamer Media Reporter

The Rhodes Ridge project, considered to be one of the world’s best undeveloped iron-ore deposits, is progressing to a prefeasibility study (PFS), with Rio Tinto approving A$110-million to advance... 


Mining's net fixed capital formation, shown in blue, must be boosted.
Greenfield investment lagging badly, mining’s contribution to economy halved
1st December 2023 By: Martin Creamer

The growth of investment in fresh new greenfield mining projects is lagging badly and the contribution of the South African mining industry to the national economy has more than halved in the last... 


Finance Minister Enoch Godongwana
Treasury says equity injection can be averted as it unveils R47bn Transnet guarantee
1st December 2023 By: Terence Creamer

A R47-billion guarantee facility, effective immediately, has been extended to struggling State-owned freight logistics group Transnet in support of its recovery plan and to meet its immediate debt... 


Sishen mine team with Kathu Councillor Henriette Du Plessis at newly upgraded road
Miner Kumba resurfaces road in Kathu-Gamagara
30th November 2023 By: Darren Parker

As part of its social labour plan commitments, iron-ore mining company Kumba Iron Ore’s Sishen mine has undertaken a road resurfacing project, upgrading three major roads in the Kathu-Gamagara... 


Champion Iron bolsters liquidity for growth opportunities
30th November 2023 By: Mariaan Webb

Quebec Iron Ore (QIO), a subsidiary of TSX- and ASX-listed Champion Iron, has completed a $230-million term-loan financing facility, significantly increasing its available liquidity to support... 


Exxaro's Grootegeluk operation
Exxaro expects lower full-year volumes, but stable demand
29th November 2023 By: Marleny Arnoldi

Diversified mining and renewable energy group Exxaro Resources says seaborne thermal coal prices have remained under pressure for most of the year, owing to weak demand in Europe and Northeast... 


A steel section being made
Finding immediate steel alternatives a concern as AMSA prepares to wind down longs unit
29th November 2023 By: Terence Creamer

ArcelorMittal South Africa (AMSA) has indicated that it will enter discussions with buyers of its noncommodity long-steel products in an effort to limit the disruption that is set to arise because... 


Busa president and Discovery CEO Adrian Gore
Gore warns of ‘plateauing’ pace of delivery on power, logistics, crime reforms
29th November 2023 By: Terence Creamer

Business Unity South Africa (Busa) president Adrian Gore has warned that the pace of delivery across the joint initiatives being taken with government on electricity, logistics and crime is... 


Iron-ore poised to hit $150 in 2024 on Chinese stimulus, analysts say
Iron-ore poised to hit $150 in 2024 on Chinese stimulus, analysts say
29th November 2023 By: Reuters

Seaborne iron-ore prices are set to climb to as much as $150 per ton in the first half of 2024, according to analysts who have lifted their estimates on expectations of increased demand in China... 


ArcelorMittal South Africa CEO Kobus Verster
ArcelorMittal SA CEO sees no way of avoiding longs closure, says wind down to start in Jan
28th November 2023 By: Terence Creamer

ArcelorMittal South Africa CEO Kobus Verster believes there is no immediate prospect of addressing the structural issues undermining the financial viability of the group’s long-products business... 


Tanzania plans new $5.6bn rail line to iron-ore, coal-rich area
28th November 2023 By: Bloomberg

Tanzania is seeking $5.6-billion for a new railway in the south linking the Indian Ocean to Lake Nyasa and traversing regions rich in iron-ore, coal and graphite. The East African nation is looking... 


The Newcastle Works
3 500 jobs at risk as ArcelorMittal mulls closure of longs units at Newcastle, Vereeniging
28th November 2023 By: Terence Creamer

Steel producer ArcelorMittal South Africa has indicated that it may close its long-products business, which could result in the loss of 3 500 direct and contractor jobs at its Newcastle and... 


Fresh identify for Fortescue as it moves to go green
28th November 2023 By: Mariaan Webb

Australian mining powerhouse Fortescue has formally rebranded itself, transitioning from Fortescue Metals Group to a more streamlined identity: Fortescue. This change mirrors the company’s... 


Iron-ore falls as China warns of more supervision to curb prices
Iron-ore falls as China warns of more supervision to curb prices
27th November 2023 By: Bloomberg

Iron-ore declined after its longest streak of weekly gains since January, hit by Beijing’s latest warnings about increased market supervision as its seeks to curb price rises. The steelmaking... 


BMI raises 2024 iron-ore price forecast, but long-term decline persists
24th November 2023 By: Tasneem Bulbulia

Fitch Solutions unit BMI has raised its 2024 iron-ore price forecast to a yearly average of $120/t from $100/t previously, as price resilience continues on the back of positive sentiment over... 


Iron-ore eyes fifth weekly gain despite China intervention
24th November 2023 By: Reuters

Iron-ore futures erased earlier losses and are set for their fifth weekly gain on Friday as property support-led optimism in top consumer China outweighed headwinds from the latest intervention... 


Former Nedbank investment banker Paul Miller.
New Utshalo has potential to boost mining IPOs, enliven public markets
24th November 2023 By: Martin Creamer

South Africa has a pressing need to reawaken its public markets and the new Utshalo must be complimented for setting out to do just that. New mining capital raisings have become too few and far... 


MinRes picks up iron-ore rights near Carina mine
MinRes picks up iron-ore rights near Carina mine
24th November 2023 By: Mariaan Webb

Diversified mining company Mineral Resources (MinRes) is buying more rights near its Carina iron-ore mine in the Yilgarn Hub of Western Australia’s Goldfields, fellow ASX-listed Aurumin reported on... 


The EU flag
Opinion: R47bn of South Africa's exports exposed to EU CBAM as EU climate wave reaches South Africa’s shores
24th November 2023

In this opinion article, sustainability consultant Rhys Newton-Hill and Brundtland Consulting partner Henk Sa provide an in-depth analysis of the potential impact of the European Union's (EU's)... 


Union withdraws industrial action at BHP's Pilbara iron-ore operations
Union withdraws industrial action at BHP's Pilbara iron-ore operations
24th November 2023 By: Reuters

A union representing train drivers at BHP's BHP.AX Pilbara iron ore operations in Western Australia has withdrawn industrial action ahead of an updated employment offer from the mining giant, a... 


China to tighten oversight on iron-ore market after price rally
23rd November 2023 By: Reuters

China's state planner said on Thursday that it would closely monitor changes in the iron-ore market and further tighten supervision of spot and futures trading in its latest effort to curb a rally... 


ARM founder and executive chairperson Dr Patrice Motsepe and Wits ARM Building.
African Rainbow Minerals provides R20-million for Wits University research
23rd November 2023 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) is supporting postdoctoral research into water, energy and digitalisation at the University of the Witwatersrand (Wits) in Johannesburg.... 


Nigeria revokes 1 633 mining titles for defaulting on service fee
21st November 2023 By: Reuters

Nigeria has revoked 1 633 mining titles for non-payment of statutory annual service fees, its minister of mines said on Tuesday. The affected titles, which are part of a total 2 213 pencilled for... 


Iron-ore soars to nine-month high on China stimulus anticipation
21st November 2023 By: Bloomberg

Iron-ore surged to its highest intraday price since February, with demand optimism growing as more details emerge about China’s latest economic stimulus drive. The steel-making staple rose as much... 


Former CEO Elizabeth Gaines received a special remuneration payment of A$1.98-billion.
Fortescue's shareholders vote against remuneration report
21st November 2023 By: Reuters

Australia's Fortescue said shareholders did not approve its annual remuneration report, partly due to special payments to executives last year, in a vote at an annual meeting on Tuesday. The board... 


The Gladstone PEM50 project will use Fortescue's own electrolyser technology.
Fortescue approves $750m in green projects
21st November 2023 By: Mariaan Webb

Australia-based Fortescue Metals has given the green light for $750-million in funding over three years directed towards two green energy projects and a green steel project. This heralds a new... 


Magnum mulls fast start-up option at Buena Vista
20th November 2023 By: Mariaan Webb

ASX-listed Magnum Mining & Exploration is considering a fast start-up option for its Buena Vista iron project, in Nevada, US, which will deliver earlier cash flows based on accessing higher grade... 


Liberia's President-elect Boakai to review mining concessions
20th November 2023 By: Reuters

Liberian President-elect Joseph Boakai, who defeated President George Weah in the November 14 Presidential runoff, says his administration will take a close look at mining concessions to ensure... 


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