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Cliffs Natural Resources reverts to original Cleveland-Cliffs name

By: Henry Lazenby     15th August 2017 US iron-ore specialist Cliffs Natural Resources has renamed the company to its historical name Cleveland-Cliffs, as part of celebrating its 170th anniversary, the company announced on Tuesday. Under the name Cleveland-Cliffs, the company has been operating for decades as an important part of the... 

AMSA initiates retrenchment talks as it pushes ahead with restructuring plan

By: Terence Creamer     15th August 2017 Steel producer ArcelorMittal South Africa (AMSA) announced on Tuesday that it had initiated consultations with employees regarding its proposed business-restructuring programme, which could result in job losses. CEO Wim de Klerk said in a statement that it was premature to provide an estimate as... 

Bushveld Minerals, partner to increase output at Vametco Alloys

By: Creamer Media Reporter      10th August 2017 Aim-listed Bushveld Minerals and its partner Yellow Dragon Holdings have started a multiphased expansion at the newly acquired Vametco Alloys operation, near Brits, on the eastern limb of the Bushveld Complex, to increase production to more than 5 000 t/y of vanadium over the next three years.... 

More cost cutting as local steel demand still dim

28th July 2017 To mitigate some of the negative impact of a worse-than-expected performance in the first quarter of the year, South Africa’s largest steel producer ArcelorMittal South Africa (AMSA) is implementing further cost cutting and efficiency measures. This will also include a review of the long steel... 

Eskom tariffs in AMSA’s action plan crosshairs as losses spike  

By: Terence Creamer     27th July 2017 Steel producer ArcelorMittal South Africa (AMSA) will approach the National Energy Regulator of South Africa (Nersa) directly with a request for discounted electricity tariffs as part of a multi-pronged business sustainability action plan unveiled after the JSE-listed group slumped to a... 

Low-pressure hydraulic valve to offer adaptability

By: Marleny Arnoldi     21st July 2017 Valves manufacturer Hydromine Projects will take its latest in-development low pressure, pressure-reducing valve to market within the next two months, after ironing out the last issues during a recent trial period at a deep-level gold mine in Klerksdorp, in the North West. The design of the... 

Improved iron-ore market bodes well for Congo project – developer

By: Mia Breytenbach     7th July 2017 The global iron-ore industry's performance improved significantly in 2016 from a cost and pricing perspective, providing a much more positive platform going into 2017, Zanaga Iron Ore Company (ZIOC) nonexecutive chairperson Clifford Elphick said in a company results statement last week. Industry... 

Arrium sale brings certainty for Whyalla workers – govt

By: Esmarie Swanepoel     6th July 2017 Both the federal and state governments have welcomed a deal to save the struggling Arrium steel plant and iron-ore mining operation in Whyalla, South Australia. The administrators of Arrium Mining and Materials earlier this week struck a deal with London-based GFG Alliance after the company... 

ZIOC encouraged by improved equilibrium in iron-ore market, to enhance Congo project’s investment case

By: Mia Breytenbach     29th June 2017 The global iron-ore industry's performance improved significantly in 2016 from a cost and pricing perspective, providing a much more positive platform going into 2017, Zanaga Iron Ore Company (ZIOC) nonexecutive chairperson Clifford Elphick said on Thursday. Industry operating costs have been... 

Poland thermal coal output to bounce back but EU emissions cap poses a risk

By: Mariaan Webb     23rd June 2017 Poland’s thermal coal sector is set for several years of growth, supported by a commitment to expand coal-fired power generation capacity. However, the outlook for coking coal is less rosy, owing to waning demand from the steel industry. BMI Research states in a research note that thermal coal,... 

Aluminium giants stop short of backing Trump import crackdown

By: Bloomberg     23rd June 2017 As the calls for restrictions on cheap Chinese imports reach a fever pitch in Washington, some of the biggest North American aluminium producers are advocating a softer touch. Alcoa Corp. urged the US to directly engage with China to ensure overproduction no longer spills out to the rest of 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... 

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... 

Chinese steel industry policies to boost iron-ore demand – Rio Tinto CEO

By: Megan van Wyngaardt     16th May 2017 Rio Tinto CEO Jean-Sébastien Jacques is confident China will continue to drive demand for mining products and iron-ore in particular, despite introducing new policies that will make environmental permits for steel mills harder to obtain and slow capacity. The country plans to eliminate... 

China's economy shaping up for positive 2018, Rio Tinto says

By: Bloomberg     4th May 2017 Latest indicators on China’s economy point to continued growth through 2018, according to mining giant Rio Tinto Group, which counts the world’s No. 2 economy as its biggest customer. “Are we concerned about the Chinese economic health? The answer is no,” CEO Jean-Sebastien Jacques told... 

China to stir coal market again in 2017

17th March 2017 China will again generate significant volatility in the global coal market in 2017 as the government strives to balance smooth and cheap coal supply to households and steel mills with environmental concerns about coal use, according to Fitch-affiliated market analyst BMI Research.  

New duties on steel products indicative of South Africa’s ‘value-chain’ approach to protection 

By: Terence Creamer     6th March 2017 The International Trade Administration Commission of South Africa (Itac) confirms that it has recommended increased protection on several downstream steel products and that it is also considering recommending duties on a range of other value-added steel products in future. In addition, the... 

‘Slight wrinkles’ on physical market to stay zinc’s rise above $3 000/t to H2 2017

By: Henry Lazenby     3rd March 2017 Despite zinc outperforming other base metals in 2016, “slight wrinkles” in the otherwise strong fundamentals for the metal will delay its price ascent beyond the $3 000/t mark before midyear, new analysis by Bank of America Merrill Lynch (BofAML) Global Research shows. Analysts note that activity... 

New US President may benefit the resources sector

By: Henry Lazenby     17th February 2017 While Donald Trump is likely to lower US corporate taxes, bringing US dollars back into the country and rebuilding American infrastructure through a massive $1-trillion spending programme, the new President is coming in at the “US midnight”, Euro Pacific Capital founder and CEO Peter Schiff says.... 

New US President may benefit the resources sector

By: Henry Lazenby     17th February 2017 While US President Donald Trump is likely to lower US corporate taxes, bringing US dollars back into the country and rebuilding American infrastructure through a massive $1-trillion spending programme, Trump is coming in at the “US midnight” Euro Pacific Capital analyst Peter Schiff says. Markets... 

AMSA wants customers to unite behind call for industry-wide protection 

By: Terence Creamer     9th February 2017 Steel producer ArcelorMittal South Africa (AMSA) has appealed to its downstream customers to join it in a united lobbying effort for higher levels of tariff protection on both primary and value-added steel products, which, it claims, are being displaced by cheap, subsidised imports that are... 

‘Volatility is the new normal’ – Teck CEO's plan to create certainty

By: Henry Lazenby     24th January 2017 Commodity price volatility is the new normal as the mining industry is cautiously optimistic of the start of a new progressive price cycle. “The fact that volatility is the new normal is unfortunate, but real, and we have to deal with that to create certainty. We are seeing higher highs and lower... 

India to ensure higher iron-ore availability for domestic steel producers

By: Ajoy K Das     23rd January 2017 The Indian government is planning several measures to alleviate raw material supply issues experienced by steel producers, including stepping up iron-ore mine auctions, earmarking a portion of domestic iron-ore production for local steel mills and reforming the ‘inverted import duty’ structure.... 

Largo sustains vanadium production above nameplate capacity

By: Creamer Media Reporter      4th January 2017 TSX-listed Largo Resources has hit a new monthly vanadium pentoxide production (V2O5) record at its Maracás Menchen mine, in Bahia state, Brazil, producing 828 t of the industrial metal – surpassing the previous September record by 22 t. Largo also announced that it has achieved new weekly and... 

Largo targeting higher-margin sectors with its pure vanadium product

By: Henry Lazenby     20th December 2016 Vanadium producer Largo Resources is targeting higher-margin markets for its pure vanadium product being produced at the Maracás Menchen mine, in Bahia, Brazil. The company announced Tuesday that it intends to produce, qualify and sell its vanadium products at the specifications required for use... 

Global base metals, US coal and steel prices stabilising – Moody's

By: Henry Lazenby     14th December 2016 The 2017 outlooks for the global base metals, US steel and US coal industries remain stable for the next 12 to 18 months, according to Moody's Investors Service. In a report released Tuesday, the ratings agency said that weak macroeconomic indicators would limit upside movement in the base metals... 

Year’s best miner Cliffs says Trump to keep good times rolling

By: Bloomberg     10th December 2016 The head of Cliffs Natural Resources Inc. was preparing for a “worst-case scenario” next year. Instead, he got Donald Trump. Cliffs, the world’s best-performing raw materials producer this year, will probably generate “a lot” of cash, with which it will pay down debt, Chief Executive Officer... 

Indian steel producers consider plan to import coking coal as consortium

By: Ajoy K Das     15th November 2016 entative moves are afoot to get Indian steel producers to combine their buying of imported coking coal to secure better bargaining muscle and to beat the trend of rising international prices of coking coal. With international coking coal prices surging around 300% over the past year and Indian... 

Largo on track for further quarterly ops improvement as vanadium market turns 

By: Henry Lazenby     23rd October 2016 A string of quarterly performance improvements by Canadian vanadium producer Largo Resources bodes well for third-quarter numbers at the Maracás Menchen mine, in Bahia state, Brazil, to follow the same record-setting trend. “The company is looking to beat previous numbers,” president and CEO Mark... 

Itac to make HRC steel safeguard recommendation in November

By: Terence Creamer     17th October 2016 The head of the International Trade Administration Commission of South Africa (Itac) reports that, following the completion of public consultations on the possible imposition of safeguard duties for hot-rolled coil (HRC) steel, the commission intends delivering its recommendation to Trade and... 

Govt, industry collaboration key to preserving strategic value

By: Robyn Wilkinson     7th October 2016 There is a very clear need for government and industry to come together to address the problems facing South Africa’s mining industry, particularly its chrome sector, say global energy and resource specialist consultancy Venmyn Deloitte MDs Andy Clay and Chris De Vries. 

Steelworkers ratify agreement with Cliffs

By: Henry Lazenby     30th September 2016 The United Steelworkers (USW) union has ratified a new three-year labour contract at US iron-ore producer Cliffs Natural Resources’ Tilden and Empire mines, in Michigan, and its United Taconite and Hibbing Taconite mines, in Minnesota. The four local unions represent about 2 000 workers under... 

China punishes coal, steel companies in overcapacity cut drive

By: Bloomberg     29th September 2016 China has punished coal and steel companies for illegal production or unsafe operations as part of the government’s efforts to reduce industrial overcapacity. Following safety checks at 4 624 coal mines, the regulator revoked the licences of 28 and halted production at 286, the National... 

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... 

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