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Ferrous Metals News

Trump taps loan programme he tried kill to help mineral mining

By: Bloomberg     Updated 7 hours ago The Trump administration is tapping an Energy Department clean-energy loan program it tried to kill to help uranium producers, as well as miners of other minerals deemed critical by the administration. The Energy Department announced Tuesday that it will issue guidance giving preference to... 

Lack of publicly available cadastre impeding future mining potential – Miller 

By: Donna Slater     1st December 2020 The South African junior mining, and particularly prospecting, sector will continue its rapid degradation if the Department of Mineral Resources and Energy (DMRE) continues to refuse to publicly release information pertaining to national mining and prospecting rights, says mining supply sales... 

Lack of publicly available cadastre impeding future mining potential – Miller
Photo by Creamer Media
AmaranthCX director Paul Miller

Metal prices expected to average higher in 2021 amid recovery from Covid-19 – Fitch Solutions

By: Donna Slater     1st December 2020 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) expects miners and metal producers to experience a more favourable pricing environment in 2021 with nearly all mineral and metal prices forecast to average higher on a... 

First ore at Eliwana expected this week

By: Esmarie Iannucci     1st December 2020 Iron-ore miner Fortescue Metals is on track to deliver first ore into its Eliwana plant later this week, while first ore on train is scheduled for later this month. Fortescue COO Greg Lilleyman told the Global Iron and Steel Forecast that the Eliwana railway line was progressing well, with the... 

South Flank on target - BHP

By: Esmarie Iannucci     1st December 2020 Construction of BHP’s South Flank mine, in the Pilbara, is some 84% complete, project manager Simon Thomas told the Global Iron and Steel Forecast conference. Thomas on Tuesday said that first production from the $3.6-billion South Flank operation was still targeted for mid-2021, however,... 

Shell LNG to power BHP ships

By: Esmarie Iannucci     1st December 2020 Diversified miner BHP has tapped energy major Shell to supply first liquefied natural gas (LNG) for five LNG-fuelled Newcastlemax bulk carriers, which will transport iron-ore between Western Australia and China from 2022. “The LNG bunkering contract marks a significant step in how BHP is working... 

Field narrows for global miner Rio Tinto's top job

By: Reuters     30th November 2020 Rio Tinto will look to a handful of external candidates in a narrowing field for its new chief executive, as the miner tries to win back investors dismayed by the blasting of an ancient Australian rock shelter, bankers and investors say. The top priority for a new CEO will be strong stakeholder... 

Field narrows for global miner Rio Tinto's top job
Jean-Sebastien Jacques

Vale to resume Serra Leste expansion

By: Mariaan Webb     30th November 2020 Brazilian diversified major Vale has marked another step on its path to return production to 400-million tonnes a year, announcing on Friday that it had received the green light for the resumption and expansion of its Serra Leste operations. The Environment and Sustainability Department of Para... 

Vale to resume Serra Leste expansion

Climate-driven surge in scrap use could slash primary metal demand - Woodmac 

By: Reuters     27th November 2020 A surge in the use of scrap metal due to strict environmental policies could slash global demand for primary aluminium by almost half and cut demand for primary copper and iron by more than a third by 2040, Wood Mackenzie said on Thursday. In a report on the future of mining, the consultancy... 

Govt study into local lithium-ion battery value chain almost complete 

By: Irma Venter     27th November 2020 A study into the possible development of a lithium-ion (li-ion) battery value-chain in South Africa will be completed by the end of the year. The study is being undertaken by Trade and Industrial Policy Strategies (TIPS), on behalf of the Department of Trade, Industry and Competition (DTIC). It... 

Govt study into local lithium-ion battery value chain almost complete
Gaylor Montmasson-Clair

New chrome mine owner plans to grow in ‘very sustainable manner’ 

By: Martin Creamer     27th November 2020 The new owner of a chrome mine in North West province that was placed on care and maintenance following the Covid-19 lockdown, plans to grow production in a phased, sustainable manner that will ultimately lead to the creation of more than 1 000 jobs, Mining Weekly can today report. The... 

New chrome mine owner plans to grow in ‘very sustainable manner’
Photo by Creamer Media
Highly experienced Clover Alloys CEO Philip Kotze

Iron-ore, copper doing well amid pandemic

By: Theresa Bhowan     27th November 2020 Covid-19 negatively impacted the demand for all industrial commodities, but not all markets were impacted equally, explains investment management provider Sanlam Private Wealth. Commodities on which China has a greater import reliance, such as iron-ore and copper, generally fared better than... 

Iron-ore, copper doing  well amid pandemic
CHRISTIAAN BOTHMA While commodity demand beyond Covid-19 remains uncertain, he highlights a few observations in terms of copper and iron-ore

Manganese expertise boosts service to mines

By: Theresa Bhowan     27th November 2020 Geological service provider Minrom states that its dedicated team of geologists, with years of manganese mining expertise, can provide crucial decision-making services for manganese mines in the Northern Cape. Minrom’s services range from greenfield exploration and three-dimensional geological... 

Manganese expertise boosts service to mines
Photo by Bloomberg
MANGANESE EXPERTISE Through services to manganese mines in the Northern Cape, Minrom has identified pitfalls and bottlenecks that occur during the exploitation of resources during mining programmes

ArcelorMittal Mining Canada appoints COO

By: Creamer Media Reporter      26th November 2020 Guy Belleau has been appointed COO of ArcelorMittal Mining Canada, a subsidiary of steel giant ArcelorMittal that operates on Quebec’s North Shore. "I am pleased to welcome Guy within our renewed management team. Our goal is to become a world reference in the safe and efficient production of... 

Resources Watch  

26th November 2020 Iridium breakthrough a boost for green hydrogen economy, PGMs mining; Chrome producers want ferrochrome solutions that exclude export tax; and, company designs, constructs ventilation and cooling systems for mines 

Resources Watch
Resources Watch

Strike raises cash for Paulsens East

By: Esmarie Iannucci     25th November 2020 Iron-ore developer Strike Resources has completed a A$4-million capital raising to fund work at its Paulsens East project, in Western Australia. The company issued 40-million fully paid ordinary shares at a price of 10c each under its existing placement capacity, to sophisticated and... 

Keras reports positive discussions with Togo government

By: Tasneem Bulbulia     24th November 2020 Aim-listed Keras Resources says constructive meetings have been held with officials from the Togo government regarding permitting of the Nayéga manganese mine.   The mine is wholly owned by the company’s 85%-owned subsidiary, Société Générale de Mines (SGM). 

Coal mine on point of turning acid mine drainage into potable water at no cost  

By: Martin Creamer     23rd November 2020 An Mpumalanga coal mine is on the point of entering into an agreement before year-end to have its acid mine drainage water curse turned into potable water at no cost, Mining Weekly can today report. Recovered potassium nitrate, which retails at about R15 000/t and which is marketed at about R11... 

Coal mine on point of turning acid mine drainage into potable water at no cost
Trailblazer Technologies director John Bewsey interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Giyani appoints president, COO

By: Tasneem Bulbulia     23rd November 2020 Canada-based Giyani Metals, which is developing a manganese project in Botswana, has appointed Derk Hartman as president and COO with effect from March 1, 2021. The company also announced on Monday that Wajd Boubou had resigned as president to pursue other business opportunities. 

Billionaire miner Forrest aims to be a global clean energy giant

By: Bloomberg     23rd November 2020 Billionaire Andrew Forrest broke into the ranks of the world’s top iron-ore exporters, now he’s targeting an entry into renewables in as soon as two years under an ambitious plan to produce more energy than giants like Chevron. Forrest’s Fortescue Metals Group will begin green fuel production in... 

Billionaire miner Forrest aims to be a global clean energy giant
Andrew Forrest

Swedish miner LKAB eyes huge investment in CO2-free production

By: Reuters     23rd November 2020 State-owned mining company LKAB said on Monday it wanted to invest 400-billion crowns ($46.5-billion) over 20 years to shift to carbon-free production of iron-ore, in what could be one of Sweden's biggest ever industrial investment programmes. LKAB said the plan would require an expansion of... 

Swedish miner LKAB eyes huge investment in CO2-free production

Australia's project pipeline grows despite Covid

By: Esmarie Iannucci     23rd November 2020 The number of resources and energy major development projects has increased by 19% over the last 12 months, new data from the Office of the Chief Economist has shown. There are currently 335 major projects in the development pipeline, with the value of the projects in the pipeline increasing by... 

Australia's project pipeline grows despite Covid

OM Holdings continues to earn in at Bryah JV

By: Esmarie Iannucci     20th November 2020 ASX-listed OM Holdings, through its subsidiary OM Manganese has increased its shareholding in its manganese joint venture (JV) with Bryah Resources, days after the latter announced plans to sell its interest. As part of its farm-in and JV agreement with Bryah, OM Manganese has funded a further... 

Chrome producers want ferrochrome solutions that exclude export tax    

By: Martin Creamer     19th November 2020 South Africa’s non-integrated chrome ore exporters want to discuss ways of solving the existential threat to South Africa’s struggling ferrochrome industry to avoid the need for a tax being imposed on the export of locally mined chrome ore. But steadfastly in favour of a chrome ore export tax are... 

Chrome producers want ferrochrome solutions that exclude export tax
ChromeSA spokespersons interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Brazilian state says Vale's $4bn dam offer is too low

By: Reuters     18th November 2020 Brazilian miner Vale's proposed settlement of around 21-billion reais ($3.97-billion) following a deadly 2019 dam disaster is too low, the head of the state of Minas Gerais, where the accident happened, said. After a meeting between authorities and the company about the Brumadinho dam burst in... 

Anglo’s investment commitment to South Africa up R15bn  

By: Martin Creamer     18th November 2020 Anglo American is on track to exceed its original investment commitment to South Africa, despite Covid-19 impacts, Mining Weekly can report. At this year’s SA Investment Conference, the London- and Johannesburg-listed diamond, platinum group metals and iron-ore mining company increased its total... 

Anglo’s investment commitment to South Africa up R15bn
Anglo American CEO Mark Cutifani

Vale ends meeting without dam burst disaster settlement

By: Reuters     18th November 2020 A hearing between Brazilian miner Vale and the government of Brazil's Minas Gerais state ended on Tuesday without the two sides agreeing on a settlement over a Jan. 2019 disaster in which a Vale dam burst and killed 270 people. The mining waste dam burst in the town of Brumadinho in Minas... 

Bryah gets manganese offer

By: Esmarie Iannucci     18th November 2020 ASX-listed Bryah Resources has received a A$5-million conditional cash offer for its interest in the Bryah Basin manganese joint venture (JV), with fellow listed OM holdings. The company told shareholders on Wednesday that the offer from ASX-listed Primero Gropu and natural resources specialist... 

British Columbia court rules in favour of Eastplats

By: Marleny Arnoldi     17th November 2020 TSX- and JSE-listed Eastern Platinum (Eastplats) has welcomed the British Columbia Court of Appeal’s decision to uphold the dismissal of an appeal of a petition filed by a shareholder seeking leave to start derivative action against certain of the company’s current and former directors. This... 

Champion picks up Kami iron-ore project

By: Mariaan Webb     16th November 2020 Toronto- and Sydney-listed Champion Iron has agreed to buy the Kamistiatusset iron-ore project, which is only a few kilometres from its Bloom Lake mine, in Canada. Located in the Labrador Trough in Newfoundland, near the Quebec border, the Kami project until April belonged to Alderon Iron Ore,... 

Champion picks up Kami iron-ore project

Vale, Chinese port sign $651m deal on iron-ore storage, processing

By: Reuters     16th November 2020 Brazil's Vale and China's Ningbo Zhoushan Port have signed a deal to invest around 4.3-billion yuan ($650.6-million) in iron-ore storage and processing facilities in Zhejiang, a local government statement said on Friday. The move follows the two firms' inauguration of a grinding hub at the port... 

Chrome export tax a positive step, special electricity dispensation now needed – Phiri 

By: Martin Creamer     16th November 2020 The imposition of a tax on the export of chrome ore is a positive step, but to enable South Africa’s once-dominant ferrochrome industry to compete successfully once again, electricity prices should be made affordable by way of special dispensation, says mining stalwart Steve Phiri, who was... 

Chrome export tax a positive step, special electricity dispensation now needed – Phiri
Photo by Creamer Media
Steve Phiri

Foreign exchange loss, Covid-19 impact lead to widened loss for Eastplats

By: Marleny Arnoldi     13th November 2020 TSX- and JSE-listed Eastern Platinum (Eastplats) has reported a widened loss to shareholders of $11-million for the nine months ended September 30, compared with a loss of $3-million, or $0.03 apiece, posted for the nine months ended September 30, 2019. This $0.12 apiece loss was as a result of... 

Ferrochrome, green hydrogen, potash make headlines  

13th November 2020 Mining Weekly Editor Martin Creamer unpacks the ferrochrome industry committing to solar generation; the green hydrogen economy and its benefits for Africa; and Kore Potash expecting to complete the first phase of its starter project in May.   

Ferrochrome, green hydrogen, potash make headlines
Ferrochrome, green hydrogen, potash make headlines

Pandemic pushes more mines into care and maintenance

By: Khutso Maphatsoe     13th November 2020 A downturn in the global demand for certain minerals, uncertain and cyclical commodity prices and the increasing costs of production have resulted in several mines and beneficiation operations being placed on care and maintenance. These factors have been prevalent since late 2017, and... 

Pandemic pushes more mines into care and maintenance
Photo by Creamer Media
TRYING TIMES Many mines that have been placed on care and maintenance will remain in that state for the foreseeable future

C$500m Quebec iron-ore expansion gets go-ahead

By: Mariaan Webb     12th November 2020 The board of dual-listed Champion Iron has approved the completion of the Bloom Lake Phase 2 expansion project, paving the way for the doubling of the Quebec mine’s nameplate capacity to 15-million tons a year of high-grade iron-ore concentrate. The company would require an estimated... 

C$500m Quebec iron-ore expansion gets go-ahead

Mining output down 2.8% y/y in September

By: Creamer Media Reporter      12th November 2020 South Africa's mining production decreased by 2.8% year-on-year in September, with the iron-ore sector having made the largest negative contribution and diamonds the largest positive contribution. Seasonally adjusted mining production decreased by 0.3%  month-on-month in September. 

Guinea approves infrastructure plan for Simandou iron mine

By: Reuters     12th November 2020 Guinea's government approved on Thursday a basic agreement for a multi-national consortium to build a railroad and deepwater port to export minerals from the giant Simandou iron ore project. The consortium - which includes Singapore's Winning Shipping, Guinean mining logistics firm United... 

Guinea approves infrastructure plan for Simandou iron mine
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