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Ferrous Metals News

Steps being taken to improve manganese export logistics – ARM 

By: Martin Creamer     4th March 2021 Steps involving the use of two ports rather than one, longer trains and increased rail wagon payload are being studied to improve the logistics surrounding the export from South Africa of manganese ore. State-owned rail enterprise Transnet has put on hold the capital expansion plan centred on the... 

Glencore Ferroalloys launches enterprise and supplier development hub

By: Donna Slater     4th March 2021 Glencore Ferroalloys is helping to redress South Africa’s historical socioeconomic inequalities by supporting local small, medium-sized and microenterprises (SMMEs) through the recent launch of its first Enterprise and Supplier Development (ESD) Hub, in Rustenburg. Glencore opened the ESD hub,... 

Work starts at Butcherbird

By: Esmarie Iannucci     4th March 2021 Pre-commissioning activities have started at the Butcherbird manganese project, in Western Australia, owner Element 25 reported on Thursday. The company told shareholders that electrical systems and instrument loop checking was under way, with power station installation and power-up scheduled... 

Game-changing R3.6bn project positioning Kumba Iron Ore well into the future  

By: Martin Creamer     4th March 2021 Four and a bit years ago Mining Weekly told its readers to keep a look out for the five letters – UHDMS – which stand for ultrahigh dense media separation. At the time, outgoing Kumba Iron Ore CEO Norman Mbazima had told Mining Weekly that these five letters translated into “mouth-watering”... 

Game-changing R3.6bn project positioning Kumba Iron Ore well into the future
Kumba Iron Ore executive head technical and projects Glen Mc Gavigan interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

ARM board approves R5.7-billion Merensky project at Two Rivers mine  

By: Martin Creamer     3rd March 2021 The board of diversified mining company African Rainbow Minerals (ARM) has approved the Merensky reef project at the Two Rivers platinum group metals (PGMs) mine, ARM CEO Mike Schmidt said on Wednesday after the company reported record financial results. The ARM-managed Two Rivers is a joint... 

ARM board approves R5.7-billion Merensky project at Two Rivers mine
African Rainbow Minerals growth projects report by Mining Weekly’s Martin Creamer: Video: Darlene Creamer.

The major challenge of the mining industry is the imperative of growth – Dr Motsepe  

By: Martin Creamer     3rd March 2021 The major challenge of the mining industry is the imperative of growth, African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe said on Wednesday, when the 25 000-employee ARM reported record financial results. “You’ve got to replace the orebody that you’re mining with an equally... 

The major challenge of the mining industry is the imperative of growth – Dr Motsepe
African Rainbow Minerals interim results report by Mining Weekly’s Martin Creamer: Video: Darlene Creamer.

South Africa urged to play to strengths as its plots role in lithium-ion battery value chain 

By: Terence Creamer     3rd March 2021 A newly released study of the potential for developing a lithium-ion battery value chain in South Africa concludes that the country should prioritise minerals beneficiation and mining, as well as battery manufacturing as it seeks to carve out a niche for itself in what is a fast-growing, highly... 

South Africa urged to play to strengths as its plots role in lithium-ion battery value chain

Eastplats nears million-tonne chrome concentrate output, advances PGM study

By: Marleny Arnoldi     3rd March 2021 JSE-listed Eastern Platinum (Eastplats) produced 987 003 t of chrome concentrate in 2020 from its retreatment project at Barplats Mines, at the Crocodile River Mine property, in North West. The company produced 588 006 t of chrome concentrate in 2019.  

African Rainbow Minerals' earnings soar 134%, interim dividend declared

By: Martin Creamer     3rd March 2021 Despite Covid-19-related global economic challenges and uncertainty, African Rainbow Minerals (ARM) on Wednesday reported record headline earnings of R5 039-million for the six months to December 31. This represented a 134% increase compared with the corresponding of 2019 and was underpinned by... 

African Rainbow Minerals' earnings soar 134%, interim dividend declared
Photo by Creamer Media
African Rainbow Minerals executive chairperson Dr Patrice Motsepe

Fortescue looks at zero-emissions battery to power haul trucks

By: Esmarie Iannucci     3rd March 2021 Iron-ore major Fortescue Metals has initiated work to develop zero emissions battery electric haul trucks. The miner this week announced an agreement with Williams Advanced Engineering (WAE) to design, build, test and integrate a battery system to power an electric mining haul truck, as a first... 

Battery metals firm to list on OTCQX

By: Creamer Media Reporter      2nd March 2021 Euro Manganese, which is developing a project in the Czech Republic, will be listing on the OTCQX trading system in response to growing US investor interest in its Chvaletice project. The project is designed to produce high-purity manganese products for the automotive battery industry and other... 

Rio investing in Tom Price community

By: Esmarie Iannucci     2nd March 2021 Major Rio Tinto has awarded some A$500-million worth of contracts to Western Australian and Pilbara Aboriginal businesses to support the latest development of its Greater Tom Price operations. The miner noted that construction of the Western Turner Syncline Phase 2 (WTS2) expansion started in... 

Tycoon Usmanov’s firms to build plant for greener iron products

By: Bloomberg     1st March 2021 Companies controlled by billionaire Alisher Usmanov will build a plant in central Russia to supply greener products used to make steel amid a growing focus to clean up the industry. A joint venture between USM and its Metalloinvest Holding's iron-ore mine will invest 40-billion rubles... 

Tycoon Usmanov’s firms to build plant for greener iron products
Alisher Usmanov

Anglo CEO talks hydrogen, recycling, Scope 3, material solutions provision  

By: Martin Creamer     1st March 2021 The surge of the hydrogen economy, the need to recycle, halving Scope 3 emissions through iron-ore-linked green steelmaking, assisting South Africa to create new industries, and becoming a one-stop material solutions provider, were among the issues discussed by Anglo American CEO Mark Cutifani in... 

Anglo CEO talks hydrogen, recycling, Scope 3, material solutions provision
Anglo American CEO Mark Cutifani interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Vale bullish on metal prices, seeks to accelerate copper projects

By: Reuters     1st March 2021 Executives at Brazil's Vale, the world's second largest iron-ore producer, said premiums for the commodity were at a "unique moment" and that they were also confident regarding the trajectory of copper in 2021. In a conference call with analysts to discuss the company's 2020 financial results,... 

Vale bullish on metal prices, seeks to accelerate copper projects
Vale head of ferrous metals Marcello Spinelli

Merafe to report narrowed loss for 2020

By: Marleny Arnoldi     26th February 2021 JSE-listed ferrochrome producer Merafe Resources expects to report a basic loss a share of between 34.6c and 45.4c apiece for the year ended December 31, 2020. This compares with a basic loss a share of 54.2c apiece reported for the prior year. 

Fitch raises metals, mining price assumptions in line with returning demand, low inventories 

By: Donna Slater     26th February 2021 Ratings agency Fitch Ratings has revised some of its metals and mining price assumptions in line with that it sees as commodity prices being set to benefit in the short term from returning demand, as well as slow supply response and low inventories. The agency’s revision of all iron-ore price... 

Fitch raises metals, mining price assumptions in line with returning demand, low inventories

Keras commits continual funds for community development

By: Marleny Arnoldi     26th February 2021 As part of its environment, social and governance (ESG) initiatives, Aim-listed Keras Resources has announced it will contribute 0.75% of manganese sales revenue from the Nayéga mine, in Togo, once it is developed, to be used for community projects in the vicinity. The contribution will be made... 

Keras commits continual funds for community development

Vale books hefty dam disaster charges, but bullish about core earnings

By: Reuters     26th February 2021 Brazil's Vale logged $4.9-billion in provisions related to the Brumadinho dam disaster in quarterly earnings, but its ferrous metal division turned in a strong performance and the miner was upbeat about the outlook for key products. Some $3.9-billion of the provisions are part of a recently... 

Vale books hefty dam disaster charges, but bullish about core earnings

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

Test mine study under way for Fourth Industrial Revolution try-outs
Joburg Indaba Modernisation in Mining virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Fortescue apologises for clearing land on Aboriginal sacred site

By: Reuters     24th February 2021 Australia's Fortescue Metals Group has apologised to an Aboriginal group for clearing land on a heritage site while flouting a government condition for representatives of the community to be present when the damage took place. It is the week's second such incident, despite pressure on Australian... 

Mining growth projects add glimmer of hope in dreary economic climate

By: News24Wire      24th February 2021 As mining companies turn to domestic growth-development projects, their spending spree may be what the sector needs to lift it from a slump it has endured for many years.  Companies such as platinum mining giant Sibanye-Stillwater and Kumba Iron Ore have led the way in ploughing cash into their... 

Brazil's BNDES closes out its stake in miner Vale

By: Reuters     23rd February 2021 Brazilian development bank BNDES has closed out its stake in miner Vale, selling 188.5-million shares and raising around 11-billion reais ($2-billion), the bank confirmed in a statement on Tuesday. The sale of the 3.6% stake in the miner, carried out by the bank's equity arm BNDESPar, comes as... 

Former Australian PM Turnbull joins Fortescue's green unit

By: Reuters     23rd February 2021 Former Australian Prime Minister Malcolm Turnbull has joined Fortescue Metals Group's new green energy development company as chairman of its Australian unit, the iron ore miner said on Tuesday. Turnbull, who served as prime minister from 2015 to 2018, will head Fortescue Future Industries... 

Former Australian PM Turnbull joins Fortescue's green unit
Malcolm Turnbull

Kumba declares 30% higher dividend, delivers record Ebitda

By: Marleny Arnoldi     23rd February 2021 JSE-listed Kumba Iron Ore has declared a final dividend of R41.30 apiece, bringing the total dividend declared for the year ended December 31, 2020, to R60.90 apiece. The dividend marks a 30% increase compared with the dividend paid out for the year ended December 31, 2019, on the back of... 

Kumba declares 30% higher dividend, delivers record Ebitda
Photo by Creamer Media
Kumba's Kolomela mine, in the Northern Cape

Australian iron-ore and coal exports fall in January

By: Esmarie Iannucci     23rd February 2021 New data by the Australian Bureau of Statistics (ABS) has reported a A$3-billion, or 9% decline in exports for the month of January, driven by a A$1.5-billion, or 10% decline in the export of metalliferous ores. “The decline in metalliferous ores was driven by a decline in the quantity of... 

Australian iron-ore and coal exports fall in January

Rio's iron-ore growth projects remain on track

By: Esmarie Iannucci     22nd February 2021 Mining major Rio Tinto is on track to start iron-ore production from a range of new mines in the Pilbara during 2021. In its annual report, Rio noted that it was progressing its $2.6 billion Gudai-Darri iron-ore mine, with key construction activities on schedule. 

Rio's iron-ore growth projects remain on track

Canada could take major slice of EV economic pie – Benchmark

By: Mariaan Webb     22nd February 2021 Canada has sizeable potential to be one of the upstream leaders of the lithium-ion battery ecosystem that the world is building, says Benchmark MD Simon Moores, who will be appearing in front of the House of Commons on Monday. Moores will partake in a discussion on Canada’s role in building a... 

Canada could take major slice of EV economic pie – Benchmark
Eagle Graphite has the only flake graphite quarry in western North America.

Fe raises funds to fast track JWD

By: Esmarie Iannucci     19th February 2021 Junior Fe Limited will raise A$5.5-million through a share placement to fast-track its iron-ore projects in Western Australia and the Northern Territory. The company this week reported that it had received firm commitments from sophisticated and professional investors for the placement of... 

Fenix's Iron Ridge ships first ore

By: Esmarie Iannucci     19th February 2021 First ore from the Iron Ridge mine, in Western Australia, has departed from the Port of Geraldton, with the next export vessel scheduled to arrive in late February. ASX-listed Fenix Resources on Friday said that previously reported mechanical issues with the Ya Tai 2 carrier had resulted in only... 

Rio unveils new shipping service to Singapore

By: Esmarie Iannucci     19th February 2021 A new commercial freight shipping service connecting the Pilbara to Singapore has been secured by mining major Rio Tinto. “This is an important new service that connects the Pilbara to the rest of the world via the major international shipping hub of Singapore. It will provide a number of... 

Transnet adjusts infrastructure strategy to deal with damaging weather conditions

By: Donna Slater     18th February 2021 State-owned Transnet is investigating methods to deal with unpredictable and severe weather patterns, which have negatively affected the railway network during and after cyclone Eloise hit Southern Africa in late January, resulting in heavy rainfall across South Africa. Transnet Freight Rail... 

Transnet adjusts infrastructure strategy to deal with damaging weather conditions
The results of a recent wash-away incident

Sundance prepares for arbitration over Congo mine project

By: Reuters     18th February 2021 Australia's Sundance Resources said on Thursday it was advancing its plans to start international arbitration proceedings against Republic of Congo after the African country cancelled its Nabeba iron ore project in December. Sundance, which delisted from the Australian Stock Exchange on December... 

Tshipi declares R1.1-billion final dividend

By: Donna Slater     18th February 2021 ASX-listed Jupiter Mines, which has a 49.9% interest in Tshipi é Ntle Manganese Mining, reports that Tshipi has declared a final dividend to its shareholders of R1.1-billion for its 2021 financial year. As such, Jupiter will receive R521.5-million in addition to R30.6-million in marketing profits.  

Iron-ore prices drive record interims for Fortescue

By: Esmarie Iannucci     18th February 2021 Record shipments, earnings and operating cashflow for the half-year ended December have seen iron-ore miner Fortescue Metals delivering a 93% increase in interim dividends to shareholders. Ore shipments for the six months under review were up by 2% on the previous corresponding period, to... 

Iron-ore prices drive record interims for Fortescue

First ore from Iron Bridge delayed

By: Esmarie Iannucci     18th February 2021 Iron-ore miner Fortescue Metals has pushed back first production from its Iron Bridge magnetite mine, in the Pilbara, to the second half of 2022, confirming cost blow-outs on Thursday. The miner said that a review into the Iron Bridge mine had upwardly revised the capital cost of the project... 

Former De Beers executive promotes commodities recycling for a strengthened circular economy

By: Donna Slater     17th February 2021 The mining value chain plays a vital role in sustaining a circular economy, says mining executive and former De Beers Botswana CEO Sheila Khama. She explains, during a video interview with Zambian mining lobby organisation Mining for Zambia, that because mineral resources are finite, closer... 

Glencore ferrochrome business evaluating clean energy projects 

By: Martin Creamer     17th February 2021 The ferrochrome business of diversified mining and marketing company Glencore, which uses a substantial amount of electricity, is evaluating various clean energy projects, Glencore ferroalloys head Japie Fullard said during this week’s Glencore a media conference. The media conference followed... 

Glencore ferrochrome business evaluating clean energy projects
Glencore Alloys CEO Japie Fullard
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