R/€ = 16.37 Change: -0.07
R/$ = 14.37 Change: -0.04
Au 1415.00 $/oz Change: 30.92
Pt 812.75 $/oz Change: 9.16

Ferrous Metals News

Eramet needs €1bn Gabon expansion, Argentina lithium mine

By: Mariaan Webb     Updated 7 hours ago French multinational mining and metals firm Eramet is searching for more than €1-billion in financing to fund an expansion of its manganese mine in Gabon, and to build a new lithium mine in Argentina. The company plans to raise its manganese ore production capacity from 4.3-million tons a year... 

EPA gives thumbs up to new A$1.27bn Fortescue mine

By: Esmarie Iannucci     24th June 2019 The Western Australian Environmental Protection Authority (EPA) has recommended environmental approval for iron-ore major Fortescue’s Eliwana iron-ore mine, in the Pilbara. The Fortescue board in May last year approved the $1.27-billion Eliwana mine and rail project, which will entail a new... 

Insimbi to acquire metals trading firm Treppo

By: Tasneem Bulbulia     21st June 2019 JSE-listed Insimbi Industrial Holdings will see ISB acquire Treppo, which is involved in the sourcing, trading and buying of recycled metals – mainly ferrous metals or steel – in the greater Gauteng area. Through this transaction, Insimbi will expand its ferrous business and its client base,... 

Champion’s Bloom Lake feasibility study doubles yearly production

By: Marleny Arnoldi     21st June 2019 TSX- and ASX-listed Champion Iron on Thursday announced positive results from its Phase 2 feasibility study for the Bloom Lake mining complex, in Quebec. The study envisioned further exploiting Bloom Lake, which would increase overall capacity from 7.4-million tonnes a year to 15-million tonnes... 

Real-time data playing bigger maintenance role

By: Tracy Hancock     21st June 2019 As the world gears up for the Fourth Industrial Revolution, African mines are embracing real-time information management systems to plug the gap left by the shortage of competent maintenance supervisors and mining equipment operators, Mining Equipment Manufacturers of South Africa CEO Ossie... 

Real-time data playing bigger maintenance role
Photo by Creamer Media
BIG DEAL The decision to buy a piece of equipment should always include maintenance elements

Proactive maintenance saves mines reactive costs

By: Tracy Hancock     21st June 2019 US condition-based monitoring device supplier SpotSee is in the process of obtaining certification in Africa for its Wi-Fi radio, which enables its OpsWatch vibration monitoring system to stream condition-based data to central operations through a Web-hosted platform. The system can detect... 

Proactive maintenance saves mines reactive costs
DON’T BE REACTIVE Having measures in place to predict pending failures, enables mining companies to be proactive and stay ahead of problems instead of waiting to react and, as a result, spending capital to solve them

Metso offers product innovations, equipment

By: Halima Frost     21st June 2019 Mining equipment maker Metso Minerals’ Metso hybrid truck body, and an expansion to the MX multi-action cone crusher series, the MX3, were launched in April at the Bauma trade fair held in Munich, Germany. The Metso truck body and improved MX3 are available in South Africa and Southern Africa... 

Metso offers product innovations, equipment
RUBBER COATED The truck body tray is specially coated to absorb shock and increases the life span of the body

New platform answers call for condition based maintenance, asset optimisation

By: Tracy Hancock     21st June 2019 The immense pressure to achieve production targets occasionally means that maintenance practices are difficult to implement in the mining industry and are often time based. Therefore, mines are looking for solutions to improve maintenance management, says Finnish industrial machinery company... 

New platform answers  call for condition  based maintenance,  asset optimisation
ADVANCING MAINTENANCE Through Metso Metrics, mining companies can expect lower overall maintenance costs

Rio Tinto renews work on giant Guinea iron-ore deposit

By: Bloomberg     20th June 2019 Rio Tinto Group is looking at new ways to develop the giant Simandou iron-ore deposit in Guinea that it almost sold last year, according to people familiar with the matter. Simandou is one of the world’s biggest untapped mineral deposits, but has a controversial past. For more than a decade, it... 

China iron-ore soars as Rio Tinto cuts shipments forecast

By: Reuters     20th June 2019 China's iron-ore surged to a record on Thursday after Rio Tinto lowered its Pilbara shipment guidance, suggesting that supply could remain tight even as Vale is set to resume full operations at its Brucutu mine. Mining giant Rio Tinto on Thursday lowered its guidance on volumes of iron-ore it... 

Rio Tinto cuts 2019 iron-ore guidance

By: Simone Liedtke     19th June 2019 Mining major Rio Tinto on Wednesday said that it was experiencing operational challenges at its iron-ore mines, particularly in the Greater Brockman hub in the Pilbara, resulting in another revision of its guidance for the year. The miner lowered its Pilbara shipment guidance to between... 

Vale to restore full Brucutu mine output after court ruling

By: Reuters     19th June 2019 Brazilian miner Vale said on Wednesday that it would fully resume operations at its Brucutu mine within 72 hours after an appeals court overturned an earlier ruling that halted processing because of concern about the safety of a nearby dam. In a corporate filing, Vale also reaffirmed its 2019... 

Transnet signs R8.5bn rail deal with UMK 

By: Marleny Arnoldi     19th June 2019 State-owned freight utility Transnet and manganese producer United Manganese of Kalahari on Wednesday “renewed their business vows” by signing an R8.5-billion contract to move two-million to three-million tonnes a year of manganese by rail to six South African exports channels. Transnet... 

Transnet signs R8.5bn rail deal with UMK
Photo by Creamer Media's Marleny Arnoldi
UMK CEO Victor Radko and Transnet commercial sales and marketing group executive Mike Fanucchi

Vale says mulls new railway, port for Carajas expansion

By: Reuters     19th June 2019 Brazilian miner Vale is considering building a new railway and port in the Para state for the potential expansion of its Carajas Serra Sul mine, the company said in a presentation to investors published on Tuesday. The new railway would stretch for 400 km from the current Carajas railroad to... 

Finnish authority orders Afarak shareholder to pay €110m fine

By: Creamer Media Reporter      18th June 2019 The Finnish Financial Supervisory Authority (FFSA) has ordered Danko Koncar, the COO of and main shareholder in London-listed Afarak Group, to pay the Finnish government a €110-million fine. The authority in February 2018 ordered Koncar to launch a takeover bid for Afarak’s shares, claiming that... 

Finnish authority orders Afarak shareholder to pay €110m fine
Photo by Creamer Media
Afarak COO and main shareholder Danko Koncar

Modi intervenes to reopen closed Goa iron-ore mines

By: Ajoy K Das     18th June 2019 Indian Prime Minister Narendra Modi has stepped in to find a political and legislative solution for the 88 iron-ore mines that have been closed in the western coastal state of Goa since last year. Goa Chief Minister Pramod Sawant said in a statement that in the course of a meeting of the National... 

Studies reveal numerous product opportunities for Giyani’s Botswana projects

By: Nadine James     14th June 2019 Metallurgical testing results of stockpile material from TSX-listed Giyani Metals’ K.Hill and Otse manganese deposits, in Botswana, indicate that a variety of lumpy and fine particle manganese products are possible, the company said on Friday. As an example, Giyani noted that a 36% manganese... 

Vale says hopes to reach dam burst global settlements by year-end

By: Bloomberg     14th June 2019 Brazil's Vale said on Thursday that it expects to reach global settlements covering economic and environmental damages from the January collapse of its Brumadinho tailings dam by late this year or in 2020. Vale is scrambling to deal with the fallout from the disaster, which killed at least 246... 

Third-quarter ferrochrome price down 13% q/q

By: Nadine James     14th June 2019 JSE-listed Merafe Resources on Friday advised shareholders that the European benchmark ferrochrome price had been settled at $1.04/lb for the third quarter. This represents a 13.3% decrease on the ferrochrome price of $1.20/lb for the second quarter, and is the lowest level since the third... 

Higher prices drive BCI earnings

By: Esmarie Iannucci     14th June 2019 Higher iron-ore prices and lower exchange rates have seen ASX-listed junior BCI Minerals update its earning expectations for its Iron Valley mine, in the Pilbara. BCI Minerals had previously estimated that earnings before interest, taxes, depreciation and amortization (Ebitda) from the mine would... 

Corruption, maladministration of royalties leave mine-affected communities high and dry

By: Tracy Hancock     14th June 2019 Maladministration and misappropriation of funds continue to render South Africa’s mining royalties system mostly ineffective, with no one being brought to book. Established to deliver transformation in impoverished, mining-affected communities through the distribution of royalties paid by the... 

Corruption, maladministration of royalties leave mine-affected communities high and dry

Iron-ore, gold surge propel South African miners to 11-year high

By: Bloomberg     13th June 2019 The twin tailwinds of rallying iron-ore prices and gold’s haven appeal have driven South African mining stocks to an almost 11-year high. Johannesburg’s FTSE/JSE Africa Mining Index gained as much as 2% Thursday to the highest since July 2008. Anglo American, BHP Group and AngloGold Ashanti have... 

Platinum mine truck being converted to run on hydrogen 

By: Martin Creamer     13th June 2019 Early research and development work has begun to pave the way for the introduction of hydrogen fuel cell electric trucking at a local platinum mine, Mining Weekly Online can today report. A truck is currently being converted to run on hydrogen, which will initially be brought to the mine in tankers. 

Platinum mine truck being converted to run on hydrogen
Inner workings of platinum-catalysed hydrogen fuel cell

Resources Watch 

13th June 2019 Junior mining badly in need of kickstart And, Manganese poised to make its mark as EV metal 

Resources Watch
Resources Watch

SA's EV opportunity, Tshipi-South32 agreement  

13th June 2019 This week Mining Weekly editor Martin Creamer unpacks South Africa’s opportunity in platinum and manganese, the electrification of taxi fleets and the Tshipi and South32 agreement.   

SA's EV opportunity, Tshipi-South32 agreement
SA's EV opportunity, Tshipi-South32 agreement

Afarak idles two Mogale furnaces amid electricity supply, price challenges  

By: Marleny Arnoldi     12th June 2019 LSE- and Nasdaq-listed specialist alloy producer Afarak has decided to idle the two submerged arc furnaces at its Mogale Alloys processing facility, in Krugersdorp, South Africa. “The business environment in South Africa, with the irregular availability and the high cost of energy has... 

Cazaly strikes sales agreement for Parker Range

By: Esmarie Iannucci     11th June 2019 ASX-listed Cazaly Resources has agreed to divest of its Parker Range iron-ore project, in Western Australia, for A$13-million plus royalties. The agreement with privately held diversified company Gold Valley Iron allows for an initial three-month due diligence and exclusivity period, with Cazaly... 

Tshipi é Ntle, South32 to mine barrier pillar between Tshipi, Mamatwan mines

By: Marleny Arnoldi     11th June 2019 Tshipi é Ntle Manganese Mining, a subsidiary of ASX-listed Jupiter Mines, has signed an agreement with global diversified miner South32 to mine the barrier pillar between their respective manganese mines in the Northern Cape. Tshipi owns and operates the Tshipi Borwa mine and South32 the Mamatwan... 

South Africa should go all out with platinum and manganese to be in best of two decarbonising worlds 

By: Martin Creamer     10th June 2019 South Africa, which has a wonderful platinum group metals (PGMs) endowment and an abundance of high-quality manganese ore, should go all out to be in the best of two new carbon-reducing technology worlds. On the one hand, it should do all it can to be in the world of hydrogen with the help of... 

South Africa should go all out with platinum and manganese to be in best of two decarbonising worlds
Photo by Toyota/Anglo American
A fuel cell electric vehicle requires platinum

China's iron-ore surges as tight supply concerns resurface

By: Reuters     10th June 2019 China's iron-ore jumped the most in nearly two weeks on Monday, rallying along with other steelmaking raw materials, amid limited supply as stocks at the country's ports shrank further, while demand could pick up again. The most-actively traded iron ore contract on the Dalian Commodity Exchange... 

Atlas moving ahead with Corunna Downs

By: Esmarie Iannucci     10th June 2019 Iron-ore miner Atlas Iron has moved on the development of its Corunna Downs iron-ore project, in the Pilbara, submitting a project proposal to the state’s Environmental Protection Authority. The proposal covers the development of five openpit operations producing 23.3-million tonnes of iron-ore... 

Vale sets aside $1.9bn to decommission nine dams

By: Bloomberg     10th June 2019 Vale, the world’s largest iron-ore miner, set aside $1.9-billion to accelerate the decommissioning of nine mine-waste dams in Brazil’s Minas Gerais state as part of its response to the deadliest tailings disaster in the country’s history. Between $150-million and $200-million will be spent this... 

Indian mining sector hit by dissension over expiring mining leases

By: Ajoy K Das     10th June 2019 With the expiry of mining leases (MLs) for 354 mines across India fast approaching and delayed fresh auctions looming large, sharp differences have surfaced among various stakeholders in the sector. The narrative until now among a section of stakeholders has been of an impending shortage of... 

Giyani proceeds to final stage of sample testing programme

By: Marleny Arnoldi     7th June 2019 TSX-V-listed junior explorer Giyani Metals Corporation has completed the solvent extraction phase of its ongoing hydrometallurgical testing programme. The company reported on Friday that the extraction tests had been performed on manganese mineralised material taken from the company’s K.Hill... 

Finnish agency orders audit firm to probe Afarak’s accounts for certain financial periods

By: Tasneem Bulbulia     7th June 2019 The Regional State Administrative Agency of Southern Finland has ordered audit firm Idman Vilån Grant Thornton Oy, with Chartered Accountant Jussi Savio as principal auditor, to conduct a special audit of LSE-listed Afarak Group’s administration and accounts for various financial periods.... 

Anglo’s South African units confirm integrity of tailings dams 

By: Marleny Arnoldi     7th June 2019 The JSE-listed subsidiaries of global miner Anglo American have confirmed the structural integrity of their tailings dams, in line with a global call for better disclosure about tailings storage facilities (TSFs). Anglo American Platinum (Amplats) operates nine mineral residue facilities, of... 

Anglo’s South African units confirm integrity of tailings dams
Anglo American CE Mark Cutifani

Ansteel’s Gindalbie buyout wins Chinese nod

By: Mariaan Webb     7th June 2019 State-owned steel maker Angang Group Hong Kong (Ansteel) has received the necessary record‐filing notices from the National Development and Reform Commission and the Ministry of Commerce of China for its proposed acquisition of Australian miner Gindalbie. The State Administration of Foreign... 

Aury Africa to open an office in Mozambique

By: Jessica Oosthuizen     7th June 2019 Screening and vibrating equipment solutions and services provider Aury Africa will open an office in Tete, Mozambique, by the third quarter this year. Aury Africa director Sydney Parkhouse says all company registration requirements have been met. The African mining and mineral resources sector is... 

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