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Indian government won't revive cancelled coal block auction

By: Ajoy K Das     4th January 2016 The Indian government would not revive the auction of nine coal blocks, which was called off last month, until there was a turnaround in the commodity cycle, particularly for steel. “The fourth round of auction for nine blocks was cancelled owing to poor response from investors. The government... 

Isaac Plains to ship coal in April

By: Esmarie Swanepoel     17th December 2015 ASX-listed Stanmore Coal was preparing to ship its first coal from the Isaac Plains mine, in Queensland, in April of next year. The company on Thursday announced that it had awarded a mining service and coal preparation contract to Golding Contractors, which would now be responsible for waste... 

AMSA CEO resigns, but to stay on as nonexecutive director

By: Natalie Greve     14th December 2015 ArcelorMittal South Africa (AMSA) CEO and executive director Paul O’Flaherty has resigned, citing a wish to “pursue other interests”. He would step down after the announcement of the 2015 year-end results on February 12, 2016, after which he would be appointed as a nonexecutive director, with... 

Winchester inches closer to development

By: Esmarie Swanepoel     8th December 2015 ASX-listed Korab Resources has inked a memorandum of understanding (MoU) with a representative from the Chinese steel industry, which could result in funding for the development of the Winchester magnesite mine, in the Northern Territory. The MoU was signed between Korab subsidiary AusMag and... 

India urges new exploration trust to focus on coking coal resource discovery

By: Ajoy K Das     7th December 2015 India’s Coal and Power Ministry has urged the newly created National Mineral Exploration Trust (NMET) to have a special focus on the discovery of coking coal resources in the country. Federal Coal and Power Minister Piyush Goyal, attending the first meeting of NMET’s governing council, said that... 

Two leading steel re-rollers to oppose application for 10% duty on hot-rolled coil

By: Terence Creamer     12th November 2015 Two leading steel processing companies will make a submission to International Trade Administration Commission of South Africa (Itac) to voice their objection to ArcelorMittal South Africa’s (AMSA’s) application for tariff protection of 10% on hot-rolled coil (HRC). HRC is the flat-steel product... 

India's copper majors call for higher import duties

By: Ajoy K Das     3rd November 2015 Faced with cheap imports, India’s largest copper producers have warned of large-scale job cuts should the industry’s current average capacity utilisation of 75% fall any further. Domestic copper majors, State-owned Hindustan Copper Limited (HCL), Vedanta Limited and Hindalco Industries have... 

Chinese iron-ore imports on cusp of turning negative – Liberum

By: Martin Creamer     29th October 2015 Chinese iron-ore imports were on the cusp of turning negative as China’s steel industry grappled with unsustainable margins, Liberum Mining said on Thursday. Liberum Mining analyst Richard Knights, speaking on video, cited last week’s default by Sino Steel on a $315-million coupon payment as a... 

AMSA to move ahead with BEE equity transaction

By: Terence Creamer     30th September 2015 Steel producer ArcelorMittal South Africa (AMSA) confirmed on Wednesday that it would be initiating a broad-based black economic-empowerment (BBBEE) ownership transaction and that KPMG had been retained to advise its board on the proposed transaction. KPMG would engage with “a number of black... 

Megafactory trend sparks ‘arms race’ in battery sector 

By: Simon Rees     29th September 2015 Tesla Motors’ so-called ‘gigafactory’ has sparked an “arms race” in the battery sector, Benchmark Mineral Intelligence MD Simon Moores told an audience attending the Toronto leg of the company’s World Tour 2015, in which Mining Weekly Online participated. The gigafactory, now being built in... 

Steel producers in India bemoan DMF levy for captive mining

By: Ajoy K Das     28th September 2015 Faced with an economic downturn and crippling debt burden, Indian steel producers have complained over being forced to contribute to District Mineral Funds (DMFs) for mining iron-ore for captive consumption. The notification formalising the establishment of DMFs at every local mining site has... 

Resources Watch  

By: Creamer Media Reporter      24th September 2015 This week: Pan African’s surface operations are pumping cash. The steel industry talks call for ‘protection and competitiveness’ balance. And, gold revenue will fund resource development at the Shiva mine. 

Government intervention to save steel industry ‘too late’ – Vavi 

By: African News Agency      15th September 2015 Government’s introduction of a 10% steel import tariff was ”too little, too late,” former Congress of South African Trade Unions (Cosatu) secretary general Zwelinzima Vavi said on Tuesday. ”The 10% increase on import tariffs came 21 years late. We are now reaping what former ministers such as... 

ABB to help increase productivity at LKAB’s Malmberget mine in Sweden

     26th August 2015 ABB, the leading power and automation technology group, has won an order to supply a dual pinion high-speed ring-geared mill drive system for LKAB’s latest grinding circuit expansion at the Malmberget iron ore mine in Swedish Lappland. The RMD system is designed in a bypass configuration,... 

Global market crash causes worry in Indian mining sector

By: Ajoy K Das     25th August 2015 The market crash, with China at the epicentre, has cast a pall over India’s mining and mineral sector reforms and its ability to attract foreign investments to right the commodity sector. With international commodity markets rocked and prices in a tailspin, serious concerns have surfaced over... 

Govt, business, labour in rare show of unity amid threat of steel jobs ‘bloodbath’  

By: Natalie Greve     24th August 2015 In a rare show of collective force, labour and business in the steel sector appear to have successfully lobbied government to back efforts to raise protection for the embattled sector by hiking import duties on steel imports to the 10% “bound rate” allowed for under South Africa’s World Trade... 

Labour, business in bid to stop steel jobs bloodbath 

By: News24Wire      21st August 2015 Labour and business were scheduled to meet with government representatives in Pretoria on Friday in a bid to stem massive job losses the steel sector faces in the coming months. "The meeting was requested by labour and business amidst the looming jobs loss bloodbath" in the steel sector, said the... 

Steel protection cannot lead to price hikes, govt warns 

By: Terence Creamer     12th August 2015 Department of Trade and Industry (DTI) director-general Lionel October has confirmed that various processes are at an advanced stage to offer greater protection to the domestic primary steel industry, as well as to specify the use of locally produced steel in public infrastructure projects. He... 

Despite iron-ore headwinds, Cliffs is back in the black

By: Henry Lazenby     30th July 2015 Global miner Cliffs Natural Resources has in the past 12 months managed a return to profitability despite the iron-ore price declining this month to its lowest level since at least 2009, as the largest producers, such as Rio Tinto and BHP Billiton, boosted output into an oversupplied market. For... 

‘Poor citizen’ AMSA promises to mend ways as it seeks support to save Vereeniging and company 

By: Terence Creamer     23rd July 2015 South Africa’s largest steel producer ArcelorMittal South Africa (AMSA) gave notice on Thursday that it was weighing the partial or full closure of its Vereeniging Works, in southern Gauteng, and would make a decision of the plant’s future by the end of August. At the same time, CEO Paul... 

On-The-Air (17/07/2015) 

By: Martin Creamer     17th July 2015 South Africa’s struggling steel industry is calling for protection, which the government seems ready to provide. South Africa’s Richards Bay Coal Terminal is going from strength to strength under the smart leadership of Nosipho Siwiza-Damasana. South Africa’s much-publicised Swazilink... 

‘Holistic’ steel solution involves ‘fair pricing’ versus protection trade-off

By: Terence Creamer     15th July 2015 ArcelorMittal South Africa (AMSA) CEO Paul O’Flaherty says he is optimistic that a “holistic” solution will be found by September this year to the sustainability challenges currently being experienced by the domestic steel industry. He confirmed in an interview with Engineering News Online that... 

NSL signs beneficiation MoU with Indian firm

By: Natasha Odendaal     25th June 2015 After six years spent developing and refining an India-focused iron-ore strategy, along with the requisite beneficiation technologies, ASX-listed NSL Consolidated has cemented its ties with India’s State-owned Andhra Pradesh Mineral Development Corporation (APMDC) through a memorandum of... 

Solutions team customises maintenance safety product

By: Dylan Stewart     19th June 2015 Responding to industry requests, identification solutions manufacturer Brady has introduced customised additions to its Lockout/Tagout system, a product that has the ability to totally cut off any flows of energy into a particular machine, over the past six months. 

European mining seemingly regaining lost lustre as at least one mine opens each year since 2008

By: Ilan Solomons     22nd May 2015 Europe is remarkable in that its mining industry predates the Roman Empire, yet large portions of unexplored territories with highly prospective resources remain, says European metals and minerals mining representative body Euromines president Mark Rachovides. Mattia Pellegrini, head of the raw... 

European mining seemingly regaining lost lustre as at least one mine opens each year since 2008

By: Ilan Solomons     22nd May 2015 Europe is truly remarkable in that its mining industry predates the Roman Empire, yet large portions of unexplored territories with highly prospective resources remain, says European metals and minerals mining representative body Euromines president Mark Rachovides. European Commission... 

Ferrum Crescent on the cusp of completing Moonlight BFS

By: Megan van Wyngaardt     14th May 2015 The £500 000 of funding raised on Thursday by triple-listed Ferrum Crescent will enable the company to complete the bankable feasibility study (BFS) at its high-quality Moonlight magnetite iron-ore project, in Limpopo. The company had received applications from shareholders to subscribe for... 

Solidarity vows to protect members amid Evraz business rescue

By: Natalie Greve     15th April 2015 Trade union Solidarity said on Wednesday that it would protect the interests of its members at Evraz Highveld Steel and Vanadium, in eMalahleni, after the company announced on Tuesday that it had entered into business rescue proceedings. Solidarity, which represented 350 of the company’s 2 400... 

Indian iron-ore miners’ woes persist as govt disregards pleas to slash 30% export tax

By: Ajoy K Das     10th April 2015 An unlimited power to tax involves, necessarily, a power to destroy; because there are limits beyond which no institution and no property can bear taxation.” – John Marshall (1755-1835) Indian iron-ore miners could well be lamenting that the country’s fiscal managers are seemingly unfamiliar with... 

Indian iron-ore miners’ woes persist as govt disregards pleas to slash 30% export tax and legislative changes take effect

By: Ajoy K Das     10th April 2015 “An unlimited power to tax involves, necessarily, a power to destroy; because there are limits beyond which no institution and no property can bear taxation.” – John Marshall (1755-1835) Indian iron-ore miners could well be lamenting that the words of this great American jurist and statesman were... 

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain 

By: Henry Lazenby     23rd March 2015 Northern Ontario’s emerging minerals-rich Ring of Fire (RoF) mining camp has a new champion after US-focused iron-ore producer Cliffs Natural Resources agreed to bow out of the prospective region by selling its claims to explorer Noront Resources for $20-million. Noront, which was currently in... 

Ferrex continues development of African plays, eyes mineral producer status

By: Natalie Greve     18th February 2015 Manganese development and iron-ore exploration company Ferrex has made “solid” headway in the development of its multicommodity portfolio throughout Africa, maintaining its objective of becoming a low-cost producer of minerals for the steel industry. The Aim-listed group outlined in results... 

Indian company mulls major developments at its Mozambique mine 

By: Keith Campbell     6th February 2015 Indian State-owned company International Coal Ventures Limited (ICVL) is to invest some $1.9-billion in Mozambique. This has been revealed by ICVL Mozambique Director General Nirmal Chandra Jha to The Indian Express newspaper. The company now owns 65% of the Benga coal operation, and 100% of the... 

Northern Iron takes alternative route to advance Griffith mine

By: Simon Rees     6th January 2015 After a tough 2014, junior mining companies will no doubt hope the economic headwinds start to recede in 2015. But it is already too late for some, their fates sealed by evaporated treasuries. Many of these companies tried to weather the storm by slashing expenditure and praying for a return of... 

Has China reached peak graphite? – Benchmark Mineral Intelligence 

By: Creamer Media Reporter      13th December 2014 According to a report released this week by London-based Benchmark Mineral Intelligence, China’s share of global natural graphite output will fall by 15% this year to levels not seen since the mid-1990s, when the country began exporting to international markets. This year alone the country’s... 

Alliance formed to develop mine-to-market manganese-based batteries

By: Henry Lazenby     5th December 2014 Saskatoon, Saskatchewan-based Star Minerals Group has joined forces with Cooperative Mineral Resources (CMR) of Brainerd, in Minnesota, and Octopus Technologies (OTI) of Vancouver, in British Columbia, to develop a mine-to-market manganese-based battery technology. Star is a junior mining... 

Indian steel producers in arms over iron-ore mining leases

By: Ajoy K Das     2nd December 2014 Indian steel producers are up in arms over the grant of an iron-ore mining lease to merchant miners, in the southern province of Karnataka. The provincial government of Karnataka, where a Supreme Court order in 2011 banned iron-ore mining, was hoping to restart operations and in the process... 

Rio Tinto and Sinosteel extend Pilbara JV

By: Esmarie Swanepoel     17th November 2014 Mining giant Rio Tinto has inked a heads of agreement (HoA) with Sinosteel Corporation to extend the Channar Mining iron-ore joint venture (JV), in the Pilbara. The original Channar JV was signed in 1987 and provided for the production of 200-million tonnes of iron-ore. It was extended in 2010... 

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