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Iron-ore

A TFR locomotive
Indebted Transnet rolls over R7bn loans for four months
8th November 2023 By: Bloomberg

Transnet rolled over R7-billion of debt due this week until March, giving the South African State-owned port and rail company relief for four months. The bonds, which were due November 6, were... 


China’s State-backed iron-ore giant says prices are too high
China’s State-backed iron-ore giant says prices are too high
8th November 2023 By: Bloomberg

Iron-ore has reached “unreasonable” levels that are hurting Chinese steel mills, according to China Mineral Resources Group, the state-backed firm trying to boost Beijing’s sway over prices.... 


Home Affairs Minister Aaron Motsoaledi
South Africa risks losing business investment over visa ‘chaos’
6th November 2023 By: Bloomberg

In one of the world’s most unequal nations an acute shortage of skilled workers is restraining already tepid growth, limiting job creation and pushing some foreign investors to think about moving... 


Australian Prime Minister Anthony Albanese
Australia's Albanese retraces historic Beijing walk on visit to mend ties
6th November 2023 By: Reuters

Australian Prime Minister Anthony Albanese stopped by Beijing's Temple of Heaven on Monday as he followed in the footsteps of the first Australian leader to visit China, retracing a walk made five... 


Menar MD Vuslat Bayoglu
South Africa has the skills to resolve the Transnet issue – Menar
3rd November 2023 By: Martin Creamer

South Africa has the skills to resolve the Transnet issue, says Vuslat Bayoglu, the MD of Menar, a private investment company with an actively managed and growing portfolio of mining assets... 


BHP CEO Mike Henry.
Potash presenting BHP with exciting growth path, CEO tells AGM
1st November 2023 By: Martin Creamer

Johannesburg-listed diversified mining major BHP has an exciting growth path ahead in potash used in fertilisers essential for food security and more sustainable farming, the company’s CEO Mike... 


BurnStar CEO Dr Johan Brand with test reactor.
Hydrogen plant buildout plan under way at metals smelter in Rustenburg
1st November 2023 By: Martin Creamer

Work has begun on the development of a hydrogen plant at the smelting site in Rustenburg of Ironveld, the London Aim-listed speciality metals producer. The required funds have been raised to... 


Roy Hill’s iconic pink livery symbolises the company’s commitment to assisting research and those suffering from breast cancer.
Rio Hill adds battery-powered locos to its rail fleet
1st November 2023 By: Creamer Media Reporter

Rail solutions group Wabtec and its launch customer, Australian iron-ore miner Roy Hill, have celebrated the unveiling of the FLXdrive battery locomotive – the world’s first 100% battery-powered,... 


Gina Rinehart
Australian mining red tape hurts its global investment case-Hancock
31st October 2023 By: Reuters

Australia's slow pace of mining approvals is diminishing its attraction as a global investment destination, Hancock Prospecting, owned by Australia's richest person Gina Rinehart, said on Tuesday.... 


Dino Otranto
Fortescue buoyant on China iron-ore as it advances green pivot
31st October 2023 By: Bloomberg

Chinese demand for Australian iron-ore will remain strong despite the nation’s disappointing post-pandemic recovery, according to Fortescue Metals Group, the world’s fourth-biggest producer.... 


ArcelorMittal drops as Kazakh nationalisation looms after fire
30th October 2023 By: Bloomberg

ArcelorMittal shares fell 5% after the Kazakh government announced plans to take over the company’s operations in the country following its worst mining accident in recent history. At least 45... 


Iron-ore climbs to five-week high after Vale flags upside risks
30th October 2023 By: Bloomberg

Iron-ore rallied to the highest level in more than five weeks, extending its rebound on hopes for stronger Chinese demand. Futures in Singapore advanced as much as 1.9% to $121.95 a ton, before... 


The world’s iron-ore powerhouse is preparing to reinvent itself
The world’s iron-ore powerhouse is preparing to reinvent itself
29th October 2023 By: Bloomberg

Vast heaps of crushed brown rock hem the Indian Ocean at Western Australia’s Parker Point port — each a stockpile of 200,000 tons of iron-ore, ready to be poured into a procession of bulk carriers... 


Elmore’s third magnetite shipment sets sail for China
27th October 2023 By: Creamer Media Reporter

ASX-listed Elmore’s third shipment of magnetite concentrate has departed from the Port of Darwin, the company reported on Friday. The shipment of 30 000 wet metric tonnes is sailing to China to be... 


BHP Australia iron-ore rail workers approve industrial action plans - ballot results
27th October 2023 By: Reuters

Nearly 350 BHP iron-ore rail workers in Australia, including train drivers, have approved industrial action plans that could include work stoppages of up to 24 hours due to disputes over pay and... 


Vale unveils $4bn in dividends, buyback programme to reward investors
Vale unveils $4bn in dividends, buyback programme to reward investors
27th October 2023 By: Bloomberg

Vale said it will reward investors with payouts and a new share buyback program as the Brazilian iron-ore and nickel giant vies to appease shareholders concerned by softening Chinese demand. The... 


Vale's third-quarter profit slips but beats expectations
Vale's third-quarter profit slips but beats expectations
27th October 2023 By: Reuters

Brazilian miner Vale reported on Thursday a 36% year-on-year decline in third-quarter net profit, landing above analyst estimates. Vale, one of the world's largest iron ore miners, reported profit... 


Transnet chairperson Andile Sangqu
Transnet’s recovery plan premised on securing govt capital injection
26th October 2023 By: Terence Creamer

Absent an equity injection or debt relief from government, Transnet chairperson Andile Sangqu says the State-owned entity will not be able to deliver on what he described as a “credible” recovery... 


Genmin enters into MoU with Baowu for potential offtake of green iron-ore from Gabon
26th October 2023 By: Creamer Media Reporter

ASX-listed emerging African iron-ore producer Genmin has signed a nonbinding memorandum of understanding (MoU) with Baosteel Resources, a subsidiary of steel producer Baowu Resources, for the... 


Afrimat group CEO Andries van Heerden
Afrimat continues to weather economic shocks through diversification
26th October 2023 By: Darren Parker

Mid-tier mining and materials company Afrimat’s strategy to diversify between commodities and revenue streams, coupled with stringent capital allocation, has enabled the group to continue to... 


Bloom Lake expansion delivers for Champion Iron
Bloom Lake expansion delivers for Champion Iron
26th October 2023 By: Mariaan Webb

The Bloom Lake mine, in Quebec, is starting to realise its full potential with production reaching its expanded nameplate capacity of 15-million tonnes a year in the last 30 days, TSX- and... 


Solid quarter for Fortescue Metals
Solid quarter for Fortescue Metals
26th October 2023 By: Mariaan Webb

Iron-ore major Fortescue Metals has delivered a “solid quarter”, with shipments of 49.5-million tonnes contributing to the milestone of two-billion tonnes shipped since the company started... 


A smelter owned by Ironveld
Ironveld to raise £1m for working capital; Wardle to take over as chairperson
26th October 2023 By: Creamer Media Reporter

South African speciality metals producer Ironveld will raise £1-million to be used as working capital, with its largest shareholder Tracarta to provide £450 000 of the funding. Tracarta, in which... 


Anglo American Strategy & Sustainability Director Helena Nonka.
Anglo carbon emissions cut by transition to 100% renewables in South America
25th October 2023 By: Martin Creamer

The transition of Anglo American to 100% renewable electricity supply across its South America operations has helped the London- and Johannesburg-listed diversified mining company to reduce its... 


Anglo American reports third-quarter production.
Anglo: copper production up, rough diamond production down
24th October 2023 By: Martin Creamer

The copper production of diversified mining company Anglo American increased by 42% in the third quarter owing to the ramping up of the new Quellaveco copper mine in Peru. However, this was offset... 


Saldanha Bay Transnet port terminal.
Anglo’s Kumba achieves iron-ore prices above benchmark in third quarter
24th October 2023 By: Martin Creamer

Iron-ore prices strengthened during the third quarter of this year despite a 7% increase in global iron-ore supply and thin steel mill margins. Steel production in China has In the year to date... 


The solar farm at Gudai-darri
In Australia's outback, Rio Tinto prepares for a low carbon future
24th October 2023 By: Reuters

In the red, dusty outback of the Pilbara in Western Australia, the world's biggest iron ore miner Rio Tinto is preparing for a low carbon future as it maps out new sources of the raw material to... 


An Eskom logo
Top bond investor slams South Africa bid to fix State firms
24th October 2023 By: Bloomberg

Futuregrowth Asset Management, a South African money manager overseeing more than R190-billion of fixed-income assets, says the government’s draft legislation meant to address inefficiencies at... 


Magnum makes headway with Buena Vista export solution
24th October 2023 By: Mariaan Webb

Australia-based Magnum Mining and Exploration may have found an export solution for its Buena Vista iron project, in Nevada, US. The company on Tuesday announced a memorandum of understanding with... 


Nervous time to be a big power consumer in Australia, BHP says
Nervous time to be a big power consumer in Australia, BHP says
24th October 2023 By: Bloomberg

Australia’s accelerating shift from coal-fired power to clean energy is stoking volatility in its power markets and raising concerns for large businesses, according to BHP Group, the country’s most... 


Rio Tinto, Aboriginal group sign first solar deal for WA iron-ore region
20th October 2023 By: Reuters

Rio Tinto has signed an initial agreement with the Yindjibarndi people and Philippines' ACEN to look at options to develop green energy supplies for its operations in the world's biggest iron-ore... 


Vale taps former investor relations head Fadel as CEO of Bionow
20th October 2023 By: Bloomberg

Vale, the world’s second-biggest iron-ore supplier, picked its former investor relations head Ivan Fadel as CEO for a new business that aims to make cleaner fuel for steelmaking, according to a... 


Koolan Island performance supports Mount Gibson’s strong quarter
20th October 2023 By: Tasneem Bulbulia

ASX-listed Mount Gibson Iron has made a “strong” start to the new financial year, with record high-grade iron-ore sales of 1.3-million wet metric tonnes (wmt) from Koolan Island at an average... 


Rio Tinto's iron-ore trains
Challenge for world’s biggest robot trains is going electric
20th October 2023 By: Bloomberg

Rio Tinto Group is preparing for trials of battery-powered locomotives in Australia, where it uses giant autonomous trains – the world’s largest and longest robots – to transport iron-ore across... 


Envusa's energy trading area.
Anglo's Envusa applies to trade 520 MW of green electricity with seven operations
19th October 2023 By: Martin Creamer

Renewables company Envusa Energy, which is owned jointly by Anglo American in partnership with EDF Renewables, this week lodged an application for a licence to trade electricity in South Africa’s... 


Taliban says plans to formally join China's Belt and Road Initiative
19th October 2023 By: Reuters

The Taliban administration wants to formally join Chinese President Xi Jinping's huge 'Belt and Road' infrastructure initiative and will send a technical team to China for talks, Afghanistan's... 


Participants who spoke during Creamer Media's October 18 webinar on the transport sector in South Africa
Competition, collaboration needed for an efficient logistics network in South Africa
19th October 2023 By: Schalk Burger

Competition is important to create efficiencies in the logistics and transport network, but collaboration is similarly necessary to ensure that all the public and private sector role-players can... 


Brazil's Batista brothers to invest $1bn to boost iron-ore mines
Brazil's Batista brothers to invest $1bn to boost iron-ore mines
19th October 2023 By: Bloomberg

The billionaire Batista brothers behind Brazilian beef giant JBS are preparing to invest more than $1-billion to expand production at mines they acquired last year from Vale. J&F Investimentos,... 


Image shows an iron-ore stacker at Rio Tinto operation
Rio to increase Gudai-Darri output
19th October 2023 By: Esmarie Iannucci

Diversified miner Rio Tinto this week said it was looking to increase capacity at its Gudai-Darri iron-ore mines, in the Pilbara, from 43-million tonnes a year to 50-million tonnes a year, at a... 


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