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Iron Ore News

Mt Gibson cancels offtake contract

By: Esmarie Swanepoel     19th June 2017 Iron-ore junior Mount Gibson Iron has terminated an offtake agreement with Xinyu Iron and Steel Group after the Chinese firm failed to comply with the terms of the agreement. The offtake agreement would have seen Hinyu purchase about one-quarter of the first year’s available production from the... 

Cliffs picks Toledo site for first hot briquetted iron plant

By: Henry Lazenby     16th June 2017 US iron-ore producer Cliffs Natural Resources has chosen Toledo, Ohio as the site to develop its first hot briquetted iron (HBI) production plant – a $700-million expansion to Cliffs’ production capabilities targeting the electric arc furnace steel market. Cliffs advised that it is currently in... 

Technological innovations will be key to success of seabed mining

By: Ilan Solomons     16th June 2017 Minerals from the deep sea, such as polymetallic nodules, ferromanganese crusts and hydrothermal sulfides are potential sources of metals such as copper, nickel, cobalt, manganese and iron. In future, depending on the development of suitable technologies, these minerals could be mined and metals... 

Chamber going to court to halt devastating charter blow to already battered mining sector 

By: Martin Creamer     15th June 2017 The Chamber of Mines of South Africa will be applying at the earliest opportunity for a court date for a declaratory order on continuing empowerment consequences, as well as immediately seeking an interim court interdict to suspend the implementation of Mining Charter Three, the devastating set... 

Chamber going to court to halt devastating charter blow to already battered mining sector
Photo by Creamer Media
Chamber of Mines of South Africa president Mxolisi Mgojo

India assures domestic coal supplies for steel, cement companies

By: Ajoy K Das     15th June 2017 In another step towards zero coal imports, India’s Coal Ministry has offered assured domestic coal supplies to companies outside of the power generation industry. Under the new framework, coal consuming companies in the steel, cement and fertiliser sectors, would receive coal supplies from Coal... 

IHS Markit's materials price index registers 3.1% weekly decline

By: Henry Lazenby     9th June 2017 A broad basket of commodities tracked by market research house IHS Markit has declined the most in a single week since mid-April, falling 3.1% last week in a broad retreat. IHS senior economist Ben Orhan said in a news release to Mining Weekly Online on Thursday that the commodity price index... 

Alderon takes first step to remould management team

By: Henry Lazenby     9th June 2017 Project developer Alderon Iron Ore has appointed 30-year Newfoundland and Labrador government veteran Gary Norris as its new executive VP for government and community affairs, with immediate effect. The TSX-listed company, which is focused on its flagship Kamistiatusset (Kami) high-grade iron-ore... 

Tete steel project BFS near completion

By: Nadine James     9th June 2017 SRK Consulting South Africa, a firm of consulting engineers and scientists, has completed its share of work on the bankable feasibility study (BFS) for the Tete iron-ore mining and steelmaking project, in Mozambique. The BFS for the project, which is expected to start production in the first half... 

Tete steel project  BFS near completion
HENNIE THEART The Tete project has a Joint Ore Reserves Committee-compliant measured resource of 156-million tonnes, grading 36% iron-ore and 13.3% titanium dioxide

Mine tailings recovery can be value generator, says Council for Geoscience

By: Ilan Solomons     9th June 2017 Mine tailings have been identified as a major source of environmental impact for many mining operations and more stringent requirements have been placed on the management of these tailings. An aspect which is often overlooked in the life cycle of sustainable mine residues management is that mine... 

Mine tailings recovery can be value generator, says Council for Geoscience
Photo by Duane Daws
RESIDUAL VALUE Platinum group metals tailings contain a significant portion of aluminium, iron and calcium, which have the potential to serve as a secondary mineral source

BlackRock Metals pockets C$40m mine financing by Orion

By: Henry Lazenby     8th June 2017 Private Quebec-focused speciality metals project developer BlackRock Metals has secured C$40-million in equity financing led by Orion Mine Finance Group. The company, which intends to produce low-cost ferrovanadium, high-purity merchant pig iron (MPI) and titanium feedstocks for the US and... 

Phosa condemns charter tinkering, urges growth negotiations  

By: Martin Creamer     7th June 2017 Stop tinkering with sector charters and instead negotiate them in a manner that creates room for sizable growth, African National Congress (ANC) National Executive Committee member Dr Mathews Phosa urged on Wednesday. Delivering the keynote address at the Junior Indaba, the former premier of... 

Phosa condemns charter tinkering, urges growth negotiations
African National Congress National Executive Committee member Mathews Phosa addressed the Junior Indaba, which was cover by Mining Weekly Online’s Martin Creamer. Photograph: Duane Daws. Video and Video Editing: Darlene Creamer

LKAB contracts ABB to modernise hoists at Kiruna mine

By: Megan van Wyngaardt     7th June 2017 Sweden-based iron-ore miner LKAB has contracted automation company ABB to modernise five mine hoists at its Kiruna mine. The order includes mechanical, electrical and automation equipment for hoists B2, B4, B5, B6 and B8.   The miner was also modernising its central (CA) hoisting plant, which... 

Robot ghost ships to extend miner's technology drive to seas

By: Bloomberg     7th June 2017 BHP Billiton, the world’s biggest mining company, is studying the introduction of giant, automated cargo ships to carry everything from iron-ore to coal as part of a strategic shift that may disrupt the $334-billion global shipping industry. “Safe and efficient autonomous vessels carrying BHP... 

Upcoming Mining Charter to include designation of strategic minerals – Zwane

By: Terence Creamer     6th June 2017 Mineral Resources Minister Mosebenzi Zwane says the updated Mining Charter to be Gazetted next week will include the “designation of minerals” in support of government’s policy of mineral beneficiation. Speaking in Mpumalanga, on Tuesday, at the reopening of the Highveld Steel heavy structural... 

Upcoming Mining Charter to include designation of strategic minerals – Zwane
Photo by Duane Daws
Mineral Resources Minister Mosebenzi Zwane

Champion receives Quebec govt grant for two Bloom Lake ‘green energy’ conversions

By: Henry Lazenby     6th June 2017 The Quebec government's Green Fund has granted Quebec Iron Ore (QIO), a subsidiary of Champion Iron, C$5.2-million in financial assistance for two energy conversion projects at the flagship Bloom Lake iron-ore mine, near Fermont. The first project involves the replacement of a steam boiler using... 

Grange expects lower output at Savage River

By: Megan van Wyngaardt     5th June 2017 Iron pellet producer Grange Resources has lowered the production guidance at its Savage River mine, following a modification to its mine design after a recent safety incident. A contractor died at the Tasmania mine in March, after falling a “considerable distance”. 

The hard-to-believe steel shortage that's unfolding in China

By: Bloomberg     5th June 2017 The world’s top steelmaker may have a shortage of steel. China has a lack of rebar, according to iron-ore miner Fortescue Metals Group, which says a shortfall of the key product helps to explain a divergence between the price of the commodity it digs up with the alloy it’s made into. There’s a... 

The hard-to-believe steel shortage that's unfolding in China
Fortescue CEO Nev Power

Young bull run kickstarts cyclical mining industry into exploration mode

By: Henry Lazenby     2nd June 2017 With the commodity and equity markets in much better shape than a year ago, mining industry players are navigating the early days of a new bull run with renewed interest in exploration and mergers and acquisitions activity to secure future supplies. While the commodity market is perhaps not... 

Young bull run kickstarts cyclical mining industry into exploration mode
Photo by Resource Maven
Resource Maven newsletter writer Gwen Preston on a mining site visit

Billionaire Steinmetz recovers from setback in Simandou battle

By: Bloomberg     2nd June 2017 Israeli billionaire Beny Steinmetz recovered from a setback in a long-running legal battle over an iron-ore project in Guinea, when one of his employees defied the advice of lawyers and gave hours of testimony to a Paris arbitration court denying allegations of bribery. Asher Avidan was the top... 

BHP resumes operations at Mt Whaleback after fire

By: Esmarie Swanepoel     2nd June 2017 Diversified major BHP has restarted mining operations at its Mt Whaleback iron-ore mine, in the Pilbara, following a fire at the processing plant. A spokesperson for BHP told Mining Weekly Online that the fire was brought under control on Thursday afternoon, and that one person had been treated... 

BHP resumes operations at Mt Whaleback after fire

New crane tailored to small, medium-sized businesses

By: Robyn Wilkinson     2nd June 2017 The South African market’s response to lifting group Konecranes’ CXT UNO wire rope hoist crane has been encouraging since its global launch in January, with Konecranes Southern Africa service, sales and marketing director John MacDonald attributing this to the combined reliability and... 

New crane tailored to small, medium-sized businesses
MAKING TECHNOLOGY ACCESSIBLE The CXT UNO was developed as an economical solution for small and medium-sized businesses

Kumba aiming to achieve ‘whole new way of mining’ through new initiative

By: Dylan Slater     2nd June 2017 Anglo American’s Kumba Iron Ore business is embarking on modernisation using its FutureSmart Mining programme, which is aimed at bringing its overall mining business in line with new innovations and technology to mine safer and more efficiently.  

Top miner sees 'huge demand' lift from China's new Silk Road

By: Bloomberg     1st June 2017 China’s multi-billion dollar Belt and Road Initiative can deliver a major boost for commodities and will add about 150-million tons to global steel demand, according to BHP Billiton, the world’s largest miner. The plan to develop infrastructure and rebuild ancient trading routes from China to... 

Top miner sees 'huge demand' lift from China's new Silk Road
Mongolia coal mine

Zambezi Protocol to serve as guide for identity-changing chamber 

By: Martin Creamer     29th May 2017 The 128-year-old Chamber of Mines of South Africa provided an important indicator of its intended new direction when it revealed that the Zambezi Protocol would be its guiding light as it embarked on its identity and name-change programme. Under unanimously elected new president of Mxolisi Mgojo,... 

Zambezi Protocol to serve as guide for identity-changing chamber
Mining Weekly Online’s Martin Creamer asks new Chamber of Mines office bearers to spell out the influential institution’s decision to change its 128-year-old name and identity. Photographs and Video: Duane Daws. Video Editing : Lionel d Silva.

WA Premier revives plan to scrap iron-ore levy as it seeks upfront cash

By: Esmarie Swanepoel     29th May 2017 Western Australian Premier Mark McGowan has revived the possibility of scrapping a 25c/t levy on iron-ore produced from the state, in exchange for up-front payments. The Premier over the weekend admitted that the state government was weighing the option of a ‘buy-out’ of the lease rental fee in... 

WA Premier revives plan to scrap iron-ore levy as it seeks upfront cash

Beowulf not giving up on Kallak despite continued permit delays

By: Anine Kilian     26th May 2017 Mineral and exploration development company Beowulf is not giving up on its planned Kallak magnetite iron-ore project near Jokkmokk, in Swedish Lapland, despite delays in being granted an exploitation concession, the company’s CEO said on Friday. Kurt Budge said he found it “impossible to... 

Botswana continues to value exploration activity, mining

By: Simone Liedtke     26th May 2017 Exploration for minerals in diamond-dependent Botswana continues despite the tough economic conditions its mining industry faces, which has impacted negatively on the country’s economic health, says mining and exploration organisation Botswana Chamber of Mines CEO Charles Siwawa. These minerals,... 

Botswana continues to value exploration activity, mining
ECONOMIC DRIVER Despite its struggles, the mining industry in Botswana continues to drive its economy, with trends pointing to the sector’s stabilisation

Kumba boss calls for end to mining industry’s current operating model

By: Dylan Slater     26th May 2017 Themba Mkhwanazi, CEO of diversified miner Anglo American’s Kumba Iron Ore sibsidiary, believes that a paradigm shift is needed to upend the current mining industry’s reliance on a generalised operating model that is rapidly becoming outdated and will ultimately lead to the demise of the ind 

Kumba boss calls for end to mining industry’s  current operating model
THEMBA MKHWANAZI A mining modernisation revolution is required, hinged on employing radical solutions to transform the mining industry to keep up with the times

Mineral scanner to facilitate identification of reactive ground

     26th May 2017 In another step towards safer blasting practice, Johannesburg-headquartered explosives and services supplier BME is adapting its XRF Delta Pro mineral scanner to quickly identify reactive-ground conditions that could lead to blast site incidents. “This can give us real-time information that... 

New company aims to be ‘unrivalled’ service provider

     26th May 2017 With a focus on safety and supporting its customers, the process of integrating diversified industrial-use products and services provider Komatsu and high-productivity mining solutions provider Joy Global has begun, following the conclusion of a $3.7-billion deal in April. On May 8, executive... 

New company aims to be ‘unrivalled’ service provider
RETAINING FOCUS Newly renamed Komatsu Mining will continue to promote and invest in the Joy Global P&H, Joy and Montabert brands

CompCom approves AMSA’s buyout of Thabazimbi mine

By: Megan van Wyngaardt     25th May 2017 The Competition Commission has recommended the Competition Tribunal approve ArcelorMittal South Africa’s (AMSA’s) proposed acquisition of the Thabazimbi mine, in Limpopo. Kumba Iron Ore in February agreed to transfer the mine to AMSA. Until 2014, the mine was a captive mine owned and run by Kumba... 

Mgojo elected president as chamber heads for new beginning, new name, rebranding

By: Martin Creamer     24th May 2017 It is an organisation that is more relevant today than it has ever been in its 128-year history. Its role is so much more than mining. It operates in a changing environment and needs to contemplate its own new identity and name. 

Mgojo elected president as chamber heads for new beginning, new name, rebranding
Photo by Duane Daws
New Chamber of Mines of South Africa president Mxolisi Mgojo

NUM to begin wage negotiations with Kumba Iron Ore

By: African News Agency      24th May 2017 The National Union of Mineworkers (NUM) said on Tuesday, it will this week start wage negotiations with Kumba Iron Ore as the three-year agreement comes to an end on June 30. The NUM said it will table the demands of its members in Kumba Iron Ore operations in the Northern Cape, in Kolomela and... 

Anglo American appoints Ian Ashby to board

By: Megan van Wyngaardt     23rd May 2017 Anglo American has appointed Ian Ashby as a nonexecutive director, effective July 25. With 37 years of experience in the mining industry, including 25 years in a variety of roles with BHP Billiton, ultimately leading the company’s iron-ore business, Anglo American chairperson John Parker noted... 

Minister says S Australia plans magnetite strategy

By: Esmarie Swanepoel     23rd May 2017 The South Australian government has unveiled plans for a magnetite strategy, similar to its copper strategy, to unlock the 14-billion tonnes of ore present in the state. Minister for Mineral Resources and Energy Tom Koutsantonis said in Adelaide on Tuesday that the soon-to-be released magnetite... 

Iron stockpiles hit record in China as quality gets scrutiny

By: Bloomberg     22nd May 2017 he record heap of iron-ore on China’s doorstep just got even bigger, with the increase in holdings so far this year eclipsing the build up seen over all of 2016 as mills produce unprecedented amounts of steel. Stockpiles at ports rose 1.3% to 136-million metric tons, expanding for a fourth week,... 

Steinmetz said to skip $1.2bn Vale hearing, risking loss

By: Bloomberg     19th May 2017 Billionaire Beny Steinmetz’s mining company may be asked to pay as much as $1.2-billion to former partner Vale after choosing not to attend an arbitration hearing in London in a dispute over one of the world’s richest mineral assets, two people with knowledge of the case said. The decision by... 

BBI finds foundation project for Balla Balla

By: Esmarie Swanepoel     19th May 2017 Infrastructure developer BBI Group has struck a deal with the subsidiary of Mineral Resources, for an option to acquire the Weelumurra iron-ore project, in Western Australia. The project is some 15 km from BBI’s proposed Central Pilbara rail head and stock yard, and had the potential to be the... 

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