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China auto boom is warning to world miners facing scrap age

By: Bloomberg     29th September 2016 China is on the cusp of a scrap wave that will return metal from ageing cars and expired fridges to the supply chain in a growing threat to mining companies, according to  Chiho-Tiande Group , a top recycler, which is taking over one of the biggest and oldest names in Europe’s scrap business. The... 

Biggest commodity surprise of 2016 is a windfall for miners

By: Bloomberg     9th September 2016 The surprise surge in coal prices should provide an unexpected profit boost for the world’s biggest mining companies as they navigate a commodity downturn that sapped earnings. Gains for coking coal, used with iron-ore to make steel, accelerated in recent weeks and benchmark prices from top... 

RKB bearings the key focus at Drivetec’s stand

     26th August 2016 Bearings and engineering services company Drivetec Maintenance and Engineering’s key focus and product at its Electra Mining Africa stand will be the RKB range of bearings, which it imports from Switzerland. 

Cliffs secures new 20-year energy agreement for core Tilden mine

By: Henry Lazenby     16th August 2016 North American iron-ore products producer Cliffs Natural Resources has secured a new 20-year energy agreement with fellow NYSE-listed WEC Energy Group to provide the company’s core Tilden mine with a long-term, reliable and affordable source of electric power in Michigan. “Our Tilden Mine... 

WTO confirms South Africa’s cold-rolled steel safeguards probe 

By: Terence Creamer     4th August 2016 The World Trade Organisation (WTO) has confirmed that South Africa has notified its committee on safeguards about the initiation of a safeguard investigation on certain cold-rolled steel products. In the notification, dated July 29, the International Trade Administration Commission of South... 

Steel designations, Highveld supply to shore up AMSA demand amid weak market

By: Terence Creamer     29th July 2016 Steel producer ArcelorMittal South Africa (AMSA) expects a proposed deal to reopen the heavy-section mill at Evraz Highveld Steel & Vanadium (Highveld), together with recent moves by government to stipulate the use of local steel when calculating local content on certain infrastructure... 

New Australian iron-ore project will meet long-term demand

By: Robyn Wilkinson     22nd July 2016 While there is no doubt that the iron-ore industry’s operating conditions have been challenging, Australian iron-ore miner Iron Road believes that the long-term industry fundamentals are sound and that its new Central Eyre Iron Project (CEIP) is well placed to weather near-term cyclical weakness. 

Magnetite inks letter of intent with Chinese steelmaker

By: Samantha Herbst     18th July 2016 ASX-listed Magnetite Mines and Lodestone Equities are collaborating with Shandong Iron and Steel Group, to develop the magnetite resources of South Australia’s Mawson iron province, following a non-binding letter of intent (LoI) signed on Friday. Shandong currently produces 22-million tonnes a... 

Afrimat acquires Bethlehem-based quarry

By: Anine Kilian     7th July 2016 JSE-listed construction company Afrimat has acquired construction products provider WG Wearne’s quarry, Wearne Aggregates, located in Bethlehem, in the Free State, through its subsidiary Rodag Holdings,  as well as Wearne Ready Mix Concrete, for R30-million. The Wearne Bethlehem plant and... 

Indian provinces to auction 20 iron-ore blocks

By: Ajoy K Das     20th June 2016 Undeterred by poor investors’ response, a production glut and the large number of mines that remained closed, India’s Mines Ministry was hopeful that provinces would be able to auction another 20 iron-ore mines before end of current financial year in March 2017. According to a Mines Ministry... 

Tradecore Steel (Pty) Ltd Launches In Johannesburg

     3rd June 2016 TradeCore Steel (Pty) Ltd recently opened its doors as a privately-owned steel trading and distribution company in Wadeville, Johannesburg. The company’s core offering is the physical bulk trading and local and cross-border logistics and distribution of steel sourced from third party producers,... 

Auction sales prove a silver lining for Coal India

By: Ajoy K Das     31st May 2016 Faced with mounting stocks and depressed demand, e-auctions have proved to be a silver lining for Coal India Limited (CIL). By increasing volumes through e-auctions, the miner was able to boost sales by $373-million during the 2015/16 financial year. CIL sold 58-million tons of coal under... 

Commodity price slump creates opportunities for resource cooperation

By: Esmarie Swanepoel     17th May 2016 Weaker global commodity prices were creating opportunities for resource-rich nations to find shared solutions, Western Australia’s Mines and Energy Minister Sean L’Estrange said on Tuesday. Speaking at the first day of the Latin America Downunder conference, L’Estrange noted that an agreement... 

Conditional Purchase Agreement signed with Evraz for Vametco

     9th May 2016 Bushveld Minerals Limited, a diversified mineral development company with a portfolio of vanadium, titanium, iron ore, tin and coal assets in Africa is pleased to announce that its wholly owned subsidiary, Bushveld Vametco Limited, has signed a Share Purchase Agreement with Evraz Group S.A. for... 

AMSA insists further protection still required despite recent price increases

By: Terence Creamer     6th May 2016 Safeguard duties, in addition to the 10% protection already introduced on a range of steel products entering South Africa, “remain critical in the short term to ensure the future sustainability of primary steel production”, ArcelorMittal South Africa (AMSA) said on Friday. Releasing an... 

Bushveld moves to acquire Evraz stake in vanadium mine, plant

By: Martin Creamer     25th April 2016 Diversified mineral development company Bushveld Minerals has agreed exclusivity to complete a confirmatory due diligence for the acquisition of financially troubled Evraz’s controlling interest in Vametco’s 473-employee vanadium mine and plant, located near Bushveld’s recently acquired vanadium... 

Indian panel to reconcile iron-ore exports conflict

By: Ajoy K Das     13th April 2016 India will establish a panel of experts to align the apparent contradictions contained within the government’s policy for iron-ore export to deliver greater value addition within the country. The panel would be set up within the national policy think tank National Institute for Transformation of... 

Chinese firm invests $6m in Korab’s Winchester project

By: Esmarie Swanepoel     23rd March 2016 ASX-listed Korab Resources has secured A$6-million in funding through its subsidiary AusMag to fund the development of the Winchester magnesite mine, in the Northern Territory. Korab on Wednesday announced that Hong Wang, a representative of the Chinese steel industry, banking and finance,... 

Fortescue and Vale eye blending agreement

By: Esmarie Swanepoel     8th March 2016 Iron-ore major Fortescue Metals has inked a non-binding memorandum of understanding (MoU) with Brazilian major Vale, under which the two companies would form joint ventures (JVs) to blend iron-ore products. The new blended product would be developed to suit the long-term needs of Chinese steel... 

Creamer Media publishes Steel 2016: A review of South Africa's steel sector research report

By: Creamer Media Reporter      7th March 2016 Creamer Media’s Steel 2016 Report examines South Africa’s steel industry over the past 12 months. The report provides insight into the global steel market and and particularly into South South Africa’s steel sector, including production and consumption, main producers and a brief overview of the... 

$240m China, SA investment for Uganda phosphate project

By: Ilan Solomons     4th March 2016 The Sukulu phosphate project, in Tororo district, Uganda has received $240-million in development funding, which represents one of the largest privately-funded mining sector investments in Uganda and sets a “unique precedent” for public-private partnerships in the country, says Uganda’s Ministry... 

AECI generates 56% of total earnings from mining

By: Mia Breytenbach     4th March 2016 Explosives and specialty chemicals company AECI reported that 56% of the group’s revenue for 2015 has been generated from the global mining industry, of which explosives contributed 44% and mining extraction and chemicals 12%. Speaking at the company’s results presentation for the year ended... 

Arrium announces recapitalisation plan

By: Mariaan Webb     22nd February 2016 Struggling steel and iron-ore company Arrium Limited has entered into an agreement with GSO Capital Partners for up to $927-million (A$1.29-billion) in funding as part of a recapitalisation plan announced on Monday. The recapitalisation plan was a result of the company's strategic review, which... 

Iron-ore market faces oversupply for ‘few more years’ – Unctad report

By: Mariaan Webb     18th February 2016 The supply overhang created by mining companies in Australia and elsewhere continuing to expand iron-ore production is expected to keep the market in a surplus for a “few more years to come”, the United Nations Conference on Trade and Development (Unctad) states. In its ‘Iron Ore Market Report... 

Unions urge govt to prevent Highveld collapse 

By: Creamer Media Reporter      16th February 2016 Trade unions Solidarity and the National Union of Metalworkers (Numsa) have urged government to intervene in the collapse of Highveld Steel & Vanadium to prevent the loss of a strategic player and thousands of skilled jobs. The steel major on Tuesday issued notice to 1 800 of its staff members as... 

With steel protection set to widen, focus turns to downstream risks

By: Terence Creamer     10th February 2016 With confirmation that government and the steel industry are close to finalising a package of measures designed to preserve the future of the embattled primary steel sector, there are concerns that domestic steel consuming industries could be squeezed between tariff-protected domestic steel... 

India unlikely to grant demand for lower iron-ore export tax

By: Ajoy K Das     10th February 2016 The Indian government is unlikely to slash the export tax on high-grade iron-ore although it might prune the rate for low-grade ore, even as miners step up accusations that the government is killing the mining industry. The Steel and Mines Ministry was not keen to submit any proposal for a... 

Firm draws on opportunities from Ministerial forum

By: Mia Breytenbach     22nd January 2016 The African Mining Ministerial Forum’s presentation will be a key platform of interest to coal sampling and analytical services provider Umzamo Analytical Services (UAS) at this year’s Investing in African Mining Indaba, as the forum will highlight potential continental opportunities, which UAS... 

Syrah identifies another offtake partner for Balama

By: Esmarie Swanepoel     18th January 2016 Graphite developer Syrah Resources has executed another statement of sales intent (SSI), this time with raw materials supplier Hiller Carbon. Under the terms of the SSI, Hiller Carbon would be granted exclusive rights to sell natural graphite recarburiser in the US, Canada and Mexico. Hiller... 

Korab mulls restructure after Dec MoU

By: Esmarie Swanepoel     12th January 2016 ASX-listed junior Korab Resources on Tuesday told shareholders that the company had started a review of various corporate restructuring options, with a view to maximise shareholder wealth and the opportunities for shareholders to directly participate in the expected growth of subsidiary AusMag.... 

AMSA moves ahead with applications for ‘safeguard duties’

By: Terence Creamer     7th January 2016 Steel producer ArcelorMittal South Africa (AMSA) confirmed on Wednesday that it had submitted applications to the International Trade Administration Commission of South Africa (Itac) in December for “specific safeguard duties” on bars and rods, rebar, wire rod, hot rolled coil, cold rolled coil... 

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... 

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