http://www.miningweekly.com

Global Mining News in real time

NMDC output down 7%, India's iron-ore shortage increases

By: Ajoy K Das India’s iron-ore major NMDC Limited has reported a 7% fall production during April and September this year, further aggravating the shortage of raw material currently being faced by steel mills that are without captive mines. According to India’s Steel Ministry, NMDC’s production during the... 

Fortune Minerals increases ROM reserves of BC anthracite project

By: Henry Lazenby TSX-listed Fortune Minerals and joint venture partner Poscan said an updated definitive feasibility study for the Arctos anthracite project, in north-west British Columbia, had increased the run-of-mine coal reserves by 17.5% to 124.9-million tons. The updated study had also added 13.8% more... 

High-tech uses for vanadium to drive demand, prices higher

By: Henry Lazenby The need for increasingly stronger steel prescribed by modern building standards and codes, as well as its burgeoning use in new battery technologies have heated demand for vanadium. The transition metal, which is mainly produced as a by-product from iron-ore mining, had in recent years seen a... 

India to import 36.8Mt of coking coal in 2012

By: Ajoy K Das The Indian steel industry would have to import 36.8-million tons of coking coal in 2012 to meet an estimated steel demand of 58.7-million tons. This import would increase to some 43.3-million tons in 2013 against a steel demand of 65-million tons, Gujarat NRE Coke chairperson Arun Kumar... 

Indian Ministries squabble over iron-ore reserve status

By: Ajoy K Das In a fresh exchange of salvoes within the Indian government over whether or not to export iron-ore, the Mines Ministry has opposed a proposal from the Steel Ministry for classifying iron-ore as a ‘strategic mineral’. In a communication to the Parliamentary Standing Committee on Steel and Coal,... 

India moots fiscal incentives for iron-ore value add

By: Ajoy K Das The Indian government was considering offering fiscal incentives to the iron-ore mining industry to encourage the more widespread adoption of beneficiation technology and pelletisation, and to promote higher value addition to ore and reduce waste. “We are drawing up a scheme to offer interest... 

Beacon Hill says first coking coal shipment planned for mid-year

By: Mariaan Webb Aim-listed Beacon Hill expects to ship its first coking coal from the Minas Moatize mine, in Mozambique, by the middle of the year, chairperson Justin Lewis reported on Tuesday. The company started mining coking coal at the Upper Chipanga Pit this week and said it would seek to export some 100... 

Iron-ore exports to China up at Port Hedland

By: Reuters Iron-ore shipments to China through Australia's Port Hedland rose modestly in February compared with January, according to data released by the port authority, suggesting steady demand from the world's largest steel industry after signs of a weak start to 2012. A cloudy outlook for steel demand... 

Projects pave the way for good fortune

By: Janice Healing Diversified resources firm Fortune Minerals is advancing two Canadian projects that stand it in good stead to become a reliable North American source of supply of specialty metals and specialty metallurgical coals. 

Tenova to give Bateman wider market presence in Chile, Australia

By: Martin Creamer Mining project house Bateman Engineering is expected to be given a wider market presence in both South America and Australia following its acquisition by Tenova of Italy. Tenova CEO Gianluigi (Gigi) Nova reports that Tenova’s $150-million (R1.2-billion) acquisition of Bateman has already secured... 

Company Announcement: The Market for Smelting Works and Rolling Mills is picking up International Demand for German Tube System Technology

At an international level, the machinery and plant manufacturing sector was amongst those branches of industry affected most by the financial and economic crisis 2009. After overcoming the crisis, partial areas of the sector proved to be driving factors of growth, however. This is true in... 

China fails to divert iron-ore buys from Australia, Brazil 

By: Reuters China diversified its spot iron ore buying away from India in 2011, largely in favour of South Africa, but failed to reduce its dependence on term purchases from top suppliers Australia and Brazil, customs data showed on Saturday. Chinese planners have said for several years that iron ore... 

Centaurus starts drilling at Serra da Lontra

By: Esmarie Swanepoel ASX-listed Centaurus Metals has embarked on the next phase of its iron-ore export strategy in Brazil, after starting drilling at its Serra da Lontra project. The miner said on Wednesday that two diamond rigs were now on site, while the reverse circulation rig was due to arrive before the end of... 

Company Announcement: Maiden Ore Reserve for Jambreiro

Proven and Probable Ore Reserve of 49Mt grading 28.2% Fe for friable component of Project Resource 

India’s NMDC ups reserves by 50%, signs deal with Russians

By: Ajoy K Das India’s largest iron-ore miner, NMDC has reported a 50% increase in iron-ore reserves, based on intensive exploration undertaken over the last 18 months. At the end of April last year, NMDC had proven reserves under control of around 1.4-billion tons, which increased to more than 1.5billion ton... 

Centaurus boosts Jambreiro resource by 65%

By: Esmarie Swanepoel Iron-ore developer Centaurus Metals has reported a 65% jump in iron-ore resources at its Jambreiro project, in Brazil. The project is now estimated to host some 116.5-million tons, grading 26.8% iron. The measured and indicated component of the resource totals 72.1-million tons, grading 27.6%... 

Company Announcement: 65% jump in Jambreiro iron ore resource to 116.5Mt

Maiden JORC ore reserve & pre-feasibility study results due in November 2011 

Company Announcement: Astra Resorces list on Frankfurt Stock Exchange

The UK parent company of Astra Mining, Astra Resources, a global diversified mining company, listed on the Frankfurt Stock Exchange today at €1.50. 

Centaurus secures option over Brazil manganese project

By: Esmarie Swanepoel Iron-ore developer Centaurus Metals has secured an exclusive option to acquire a manganese project in south-eastern Brazil, positioning the company to further expand its regional exploration, and to develop a small-scale manganese project to complement its iron-ore operations in the area. The... 

Rio inks MoU with Jindal to advance smelting technology

By: Esmarie Swanepoel Diversified giant Rio Tinto has signed a memorandum of understanding (MoU) with India’s Jindal Steel and Power to take the next step of commercialising its HIsmelt technology into a fully integrated steel-making facility. The MoU will also involve the relocation of the existing Kwinana HIsmelt... 

WA vanadium/titanium deposit ‘ripe’ for Chinese investment

By: Creamer Media Reporter ASX-listed minerals explorer Speewah Metals on Thursday said that its vanadium/titanium/magnetite deposit, in Western Australia, was “ripe” for Chinese investment. Speaking at the Australian Resources Chinese Investment Congress, Speewah executive director Richard Wolanski said that the current... 

Jupiter's W Australia magnetite study gets under way, S Africa project on track

By: Esmarie Swanepoel ASX-listed explorer Jupiter Mines has started a feasibility study on its A$1.6-billion Mount Ida magnetite project, in Western Australia, the company said on Monday. The feasibility study would be based on production of ten-million tons of magnetite concentrate a year, grading 68% iron.  

Pallinghurst hints at fifth platform, won't 'slam project door'

By: Martin Creamer The JSE-listed Pallinghurst appears to be developing an appetite for a fifth business pillar. In the past, Pallinghurst has said that its plate is full, but now there is a slight change of tone: “I don’t want to slam the door on projects that come down the line at us,” says Pallinghurst... 

India court upholds order banning state iron-ore export

By: Reuters An Indian state high court ruled on Friday to uphold an order banning exports of iron ore from the southern Karnataka state, a decision that could hurt supply of the mineral from the world's third largest exporter. The Karnataka High Court's ruling also upheld an order preventing the movement of... 

Centaurus declares 77Mt resource at Brazil iron-ore project

By: Esmarie Swanepoel ASX-listed Centaurus Metals has declared a maiden inferred resource of 77-million tons for its Jambreiro iron-ore project, in Brazil. The company said in a statement on Wednesday that the project had the potential to become a cornerstone in its domestic iron-ore production business. 

Alliance allows German engineering firm 
to expand into SA’s mining sector

By: Jonathan Faurie An alliance between German engineering company Kaltenbach and South African steel processing equipment and machine tool supplier First Cut has presented the former with the opportunity to expand into the mining industry, which it would otherwise have found more difficult. 

08/10/2010 (On-The-Air)

By: Martin Creamer Russian company has swooped on a promising new South African iron-making technology; Action has begun, finally, on the development of a new solar park in sunny Upington and wo mining companies have succeeded in turning polluted mine water into drinking water that is being bought by a local... 

IDC, Palabora Mining partner technology minnow in pilot iron project

By: Martin Creamer The steel world's search for a commercially viable way of converting fine iron-ore waste into a ferrous-scrap supplement is over, a small new South African company claims. Coming up with a claimed home-grown solution to a long-standing Holy Grail of the steel industry is Iron Mineral... 

Brazil-focused Centaurus hires Jones as consultant

By: Esmarie Swanepoel Emerging iron-ore miner Centaurus Metals has appointed mining personality George Jones as a strategic consultant, as the company moved towards production at its projects in Brazil. ASX-listed Centaurus was working towards an initial production strategy based on the supply of three-million tons a... 

Cosatu calls for unwinding of Mittal's R9,1bn BEE deal, steel nationalisation

By: Terence Creamer South Africa's influential Congress of South African Trade Unions (Cosatu) has added its weight to a call by one of its affiliates for government to intervene to reverse "seriously embarrassing" black economic-empowerment (BEE) deals, such as the recent R9,1-billion transaction announced between... 

Govt places stress on 'national interest' as interim iron-ore deal is announced

By: Terence Creamer The South African government moved on Thursday to further shift the emphasis in the ongoing dispute between Kumba Iron Ore (KIO) and ArcelorMittal South Africa (AMSA) beyond the realm of corporate and legal rights, to one that was also sensitive to South Africa's national interests. The State's... 

Latest News

more

Latest Videos

more

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
R/€ = 13.71Change: -0.01
R/$ = 11.01Change: 0.01
Au 1195.85 $/ozChange: -2.31
Pt 1222.00 $/ozChange: -1.00