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Temporary closure of Odisha iron-ore mines to hike Indian import dependency

By: Ajoy K Das India’s Supreme Court order temporarily shutting down almost half of the iron-ore-producing mines in Odisha, which was issued last Friday, was expected to trigger a sharp rise in imports of the resource, reversing the current falling trend. The Supreme Court order closing down 26 mines across... 

Walter Energy to idle Canadian operations

By: Henry Lazenby Coal miner Walter Energy on Tuesday said that it planned to idle its Canadian coal mines in the face of weak metallurgical coal prices, placing more than 695 jobs on the line. The Birmingham, Alabama-based ‘pure-play’ metallurgical coal producer for the global steel industry, which has coal... 

Further order from leading Italian steel producer

Tenova TAKRAF Italy has been awarded a contract by ILVA S.p.A., the leading Italian steel producer, for the design and supply of a bucket chain continuous shipunloader for handling iron ore and coal at the ILVA steel plant in Taranto, Italy.  This plant is the largest of its kind in Europe.  The... 

China’s environmental policy will not curb iron-ore demand – analyst

By: Esmarie Swanepoel China’s drive to clean up its steel industry’s environmental act was expected to have little impact on iron-ore demand in the short term, advisory firm Wood Mackenzie said on Friday. While China has instituted a number of emergency measures on regional steelmakers, with mills in Tangshan ordered... 

Moatize coal operation awaits new infrastructure to achieve full capacity

By: Keith Campbell Brazilian mining major Vale’s Moatize coal operation in the Tete province of Mozambique remains constrained by logistical inadequacies, although its output was slightly higher in 2013 than in 2012. However, the miner remains confident in the future of the mine. “Moatize is being developed to be a... 

Rio Tinto announces two board appointments

By: Esmarie Swanepoel Mining giant Rio Tinto has appointed Anne Lauvergeon and Simon Thompson as non-executive directors to its boards, with both also appointed to the sustainability and nominations committees. Lauvergeon, who will assume her role on March 15, has over 30 years experience across a number of fields,... 

Regulator proposal, e-auction put Indian miners, steel firms on collision course

By: Ajoy K Das India’s iron-ore e-auction trial runs in Karnataka and Goa and a proposal for an iron-ore regulator have placed miners and steel producers on a collision course. Mining companies say existing mining and mineral legislation does not permit the e-auction of iron-ore, while steel producers accuse... 

India imposes 5% tax on exports of iron-ore pellets

By: Ajoy K Das The Indian government has imposed a 5% tax on the export of iron-ore pellets in response to demand from domestic steel industry. The Indian steel industry made representations to the government that nil rate of duty on exports of iron-ore pellets and 30% tax on export of iron-ore fines had led... 

Blasting a success at local iron-ore mine

At the request of iron-ore supplier to the steel industry Kumba Iron Ore, explosives company AEL has in July fired a calcrete blast containing 2 686 holes in the newly opened Klipbankfontein pit at Kolomela iron-ore mine in the Northern Cape. “There was a tight deadline as the blast had to be... 

Finnish steelmaker launches North American operations

By: Henry Lazenby Finnish steelmaker Ruukki on Tuesday opened a US headquarters in Pittsburgh, Pennsylvania, and a new Canadian headquarters in Toronto, as it expands in North America. Kevin Kale, who the company said has 17 years of experience in the steel industry, would head the Ruukki office in Pittsburgh,... 

India’s Steel Ministry moots new JV to boost supply linkages for steel industry

By: Ajoy K Das India’s Steel Ministry has mooted a proposal for a joint venture (JV) between iron-ore miner NMDC Limited and Orissa Mining Corporation (OMC) to offer stronger iron-ore supply linkages to domestic steel producers. Noting that the steel industry faced problems of raw material linkages, the Steel... 

Boart Longyear Receives International Mining Hall of Fame Nomination

By: Creamer Media Reporter Boart Longyear, the world’s leading provider of integrated exploration drilling services, equipment and performance tooling, is proud to announce that Edmund J. Longyear has been nominated in the exploration category for the International Mining Hall of Fame 

Creamer Media publishes Steel 2013: A review of South Africa's steel industry electronic report

The global steel industry experienced a challenging year in 2012, with the World Steel Association, which represents steelmakers in 62 countries, reporting that apparent steel consumption increased only 1.7% in 2012, a sharp drop from the 7.4% growth in 2011, owing to the European debt crisis,... 

SA’s leading steel producer gears up for carbon-tax battle 

By: Terence Creamer Steel producer ArcelorMittal South Africa (Mittal) has again warned that the National Treasury’s proposed carbon tax will have a yearly negative financial impact on the company of between R600-million and R650-million. It has also confirmed that it is preparing a detailed response to the National... 

Company Announcement: Centaurus Updates Jambreiro Project Development Schedule

By: Creamer Media Reporter Centaurus Metals Ltd advises that, as a result of positive recent developments with its ongoing negotiations for product off-take, it has revised its target schedule for development of its flagship Jambreiro Iron Ore Project in south-east Brazil 

Offtake negotiations delay Jambreiro by six months

By: Esmarie Swanepoel Iron-ore developer Centaurus Metals has pushed back the development schedule of its flagship Jambreiro project, in Brazil, from the end of 2013 to mid-2014. ASX-listed Centaurus said on Tuesday that it had revised its timeline for development to accommodate ongoing negotiations for product... 

Indian govt rejects scrapping import duty on iron-ore

By: Ajoy K Das The Indian government has rejected the domestic steel industry’s demand that iron-ore imports be exempted from custom duty levies in the wake of a shortage of the raw material from domestic sources. According to a Finance Ministry statement, the government did not find it feasible to scrap the... 

India’s chamber of commerce wants iron-ore import duty cancelled

By: Ajoy K Das Indian industry representative body, the Associated Chamber of Commerce and Industry (Assocham), has approached the Finance Ministry in an effort to correct the inverted import duty structure in the steel industry, where raw materials were attracting a higher rate than finished product. In a... 

IDC sees big cogen potential as 8 MW SACC plant opens 

By: Terence Creamer South African mineral smelters and chemical plants have the potential to generate more than 2 000 MW of electricity from hot gases, Industrial Development Corporation (IDC) CEO Geoffrey Qhena said at the official launch of the SA Calcium Carbide (SACC) cogeneration (cogen) facility this week. The... 

08/03/2013 (On-The-Air)

By: Martin Creamer By generating its own electricity at low cost, BHP Billiton has been able to go ahead with a billion rand project to beneficiate locally mined manganese; Acid mine drainage (AMD) another big issue at the mines. Work has begun on the construction of infrastructure to deal with South Africa’s AMD... 

China’s interest in Africa picking up as its economy recovers

By: Keith Campbell The year 2011 saw a staggering increase in Chinese mining investments in Africa. Whereas these had totalled some $1.5-billion at the end of 2010, by the conclusion of 2011 the figure had rocketed to $15.6-billion. Africa has become the site of almost 75% of Chinese foreign mining investment. The... 

China’s interest in Africa picking up as its economy recovers

By: Keith Campbell The year 2011 saw a staggering increase in Chinese mining investments in Africa. Whereas these had totalled some $1.5-billion at the end of 2010, by the conclusion of 2011 the figure had rocketed to $15.6-billion.  

India divided by renewed clamour for ban on iron-ore exports

By: Ajoy K Das Sharp divisions have once again surfaced between the Indian government and the mining and steel industry, with renewed debate on whether to ban iron-ore exports from the country. The airing of fresh points and counter-points on the issue has been triggered by reports that a large section of the... 

Company Announcement: South Boulder Mines - Appoints former BHP Executive as COO

South Boulder Mines Ltd is pleased to announce the appointment of highly experienced mining and corporate executive Mr Paul Donaldson as Chief Operating Officer, further bolstering its senior management team as it progresses development of the Colluli Potash Project in Eritrea 

India’s MOIL directed to increase manganese ore availability

By: Ajoy K Das India’s Steel Ministry has directed manganese miner MOIL (formerly known as Manganese Ore India Limited) to increase the availability of manganese to the domestic steel industry by fast-tracking overseas acquisition and expediting the development of new mines within the country. Towards this... 

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... 

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