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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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