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Ferrous Metals News
Ancient sites, sacred snake raise risks for Australian resources
By: Bloomberg 30th July 2021 Sacred sites, endangered sawfish and mythical rainbow serpents are the latest challenges confronting commodities powerhouse Australia as the nation’s top mining companies meet for their biggest annual conference. Since the destruction last year by Rio Tinto Group of a 46 000-year-old Aboriginal... →
Anglo American, iron-ore export line, PGMs make headlines 
30th July 2021 Mining Weekly Editor Martin Creamer unpacks Anglo American’s record half-year financial performance; Transnet & Kumba Iron Ore working to refurbish the iron-ore export line; and Anglo American Platinum eyeing computing and food technology as areas of opportunity for Platinum Group Metals. →
Water crisis threatens iron-ore transport on key Brazil river
By: Bloomberg 30th July 2021 Drought is making one of Brazil’s most important river systems unnavigable, making it more challenging and costly for the commodities powerhouse to get grains and iron-ore out to global markets. The Parana River Basin in central Brazil is experiencing its worst water crisis in 91 years,... →
Vale revises down year-end iron-ore output
By: Reuters 30th July 2021 Vale flagged potential production setbacks on Thursday amid temporary issues at multiple iron-ore mines, but executives said the Brazilian miner was still on track to ramp up output in the second half of the year. In a presentation released on Thursday morning, the world's second largest... →
How eight entrepreneurs helped shape the South African economy
30th July 2021 In this exploration of eight famous, and not so famous, South African entrepreneurs, economic historian Stefan Schirmer celebrates the dynamism, tenacity and ingenuity of these individuals, while delving into the complexities of building successful enterprises in a society so deeply scarred by... →
Anglo on trajectory towards becoming minerals solutions provider
By: Martin Creamer 29th July 2021 Diversified mining and marketing company Anglo American, which shot the lights out on Thursday with the presentation of an all-time record set of half-year results, is on its way to becoming a minerals solutions provider rather than a digger of holes. The London- and Johannesburg-listed Anglo is... →
Vale's second quarter buoyed by iron-ore prices, hit by provisions
By: Reuters 29th July 2021 Brazilian iron-ore miner Vale presented mixed quarterly figures on Wednesday, helped by higher metal prices and strong sales but held back by rising freight costs and provisions related to the company's coal business. In a securities filing, Vale reported second-quarter net income of... →
World-beating Anglo reports record half-year earnings of $12.1bn
By: Martin Creamer 29th July 2021 Diversified mining company Anglo American on Thursday reported a record half-year financial performance in its position as the best of the world’s top-five global mining companies. Anglo calculates that its elevated global position is poised to continue, assisted by its superior depth, breadth... →
Fortescue posts record shipments
By: Esmarie Iannucci 29th July 2021 Iron-ore major Fortescue Metals has reported record shipments of 49.3-million tonnes for the quarter ended June, while full-year iron-ore shipments exceeded guidance. “The Fortescue team has delivered excellent results for the June quarter, with record quarterly shipments of 49.3-million tonnes... →
Ex Rio Tinto chief Walsh joins Aboriginal group's board
By: Reuters 28th July 2021 Sam Walsh, a former CEO of Rio Tinto, has joined the board of an Aboriginal group on whose traditional lands in Western Australia Rio Tinto and BHP Group have operations. The appointment announced by Banjima Native Title Aboriginal Corporation on Tuesday comes after a particularly fraught period... →
WestStar wins work at Iron Bridge
By: Esmarie Iannucci 28th July 2021 Industrial services company WestStar Industrial’s engineering contractor business SIMPEC has been awarded a A$145-million contract to construct the wet processing plant at iron-ore major Fortescue’s Iron Bridge magnetite project, in Western Australia. The wet processing plant will be central to... →
London judges re-open £5bn Brazil dam lawsuit against BHP
By: Reuters 27th July 2021 London's Court of Appeal agreed on Tuesday to reopen a major lawsuit against Anglo-Australian mining giant BHP, reviving a £5-billion claim over a 2015 dam rupture that triggered Brazil's worst environmental disaster. A group of 200 000 Brazilian claimants have been pushing to resurrect the... →
Exuberant Kumba Iron Ore’s stakeholders receive R51bn shared value boost
By: Martin Creamer 27th July 2021 Anglo American group iron-ore mining company Kumba Iron Ore, which has achieved record half-year earnings with great exuberance, has shared a sky-high first-half R51-billion with its spread of stakeholders that take in the fiscus, local suppliers, nearby communities, employees, shareholders and... →
Anglo Platinum evaluating multiple renewable energy forms
By: Martin Creamer 26th July 2021 As a result its geographic distribution across South Africa, the Anglo American group is collectively evaluating options to access multiple forms of renewable energy, Anglo American Platinum (Amplats) CEO Natascha Viljoen said on Monday. The JSE-listed company has already completed the design and... →
Merafe lifts interim output
By: Tasneem Bulbulia 26th July 2021 JSE-listed Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture for the six months ended June 30 was 199 000 t, a 65.6% increase year-on-year. The increase was mainly owing to current production being less affected by the Covid-19 restrictions, coupled with... →
Metals make climate change mitigation possible – Citi Research
By: Martin Creamer 23rd July 2021 In a rapid electrification scenario, metals have the ability to bring about the reduction of close to 1 000 gigatonnes (Gt) of global greenhouse gas (GHG) emissions by 2050, Citi Research states in a note that examines the metals industry’s potential contribution to climate change mitigation over... →
Commission conditionally approves Bright Minerals, Mogale merger
By: Simone Liedtke 23rd July 2021 The South African Competition Commission has conditionally approved the proposed merger whereby miner Bright Minerals intends to acquire ferrochrome producer Mogale. Mogale was previously owned by Nasdaq- and London-listed specialist alloy producer Afarak Group, which placed its South African... →
Brazil prosecutors target final Samarco dam settlement this year
By: Bloomberg 23rd July 2021 A final settlement between Brazilian authorities and the Samarco iron-ore venture can be reached this year, bringing legal certainty to owners Vale and BHP six years after a devastating tailings dam collapse. That’s according to federal prosecutor Carlos Bruno Ferreira da Silva, who said in an... →
Key appointments for Kumba
23rd July 2021 Iron-ore mining company Kumba Iron Ore last month announced the appointment of Terence Goodlace to its board of directors as chairperson with effect from June 23, 2021. Goodlace has considerable mining experience and has served on the board for the last four years as an independent nonexecutive... →
Partnership drives decarbonisation through circular market ecosystem
23rd July 2021 Diversified major Rio Tinto and automation specialist Schneider Electric have signed a memorandum of understanding for a first of its kind collaboration to develop a circular and sustainable market ecosystem for both companies and their customers. This multi-product partnership will see Schneider... →
Company to deliver pelletising plant
23rd July 2021 Mining solutions provider Metso Outotec has signed a landmark contract for the delivery of an iron-ore beneficiation and travelling grate pelletising plant to an Africa-based project. The parties have agreed to not disclose the value of the contract. →
Exports could drive S Africa’s recovery
23rd July 2021 Exports could hold the key to South Africa’s economic recovery and growth. South Africa is experiencing a record trade surplus in the wake of the Covid-19 pandemic with exports far outpacing imports, notes financial services provider Standard Bank. Recent data released by the South African... →
Iron-ore price makes for positive outcomes
23rd July 2021 South African iron-ore miners are doing very well, with the iron-ore price currently at an all-time high, says portfolio manager, Mandi Dungwa, from specialist investment firm Kagiso Asset Management. Although China accounts for more than 65% of iron-ore demand – making it home to some of the... →
Australia's iron-ore miners face train driver shortage amid Covid lockdowns
By: Reuters 21st July 2021 Rio Tinto is asking train drivers working in mineral-rich Western Australia to work more hours, following a move by rival BHP Group, as miners rush to ship millions of tonnes of iron-ore amid soaring prices for the steel making material. The push comes among a worsening skills shortage in... →
Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers
By: Martin Creamer 21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... →
Kumba breaks ground on lifestyle complex in Postmasburg
By: Tasneem Bulbulia 20th July 2021 Anglo American group subsidiary Kumba Iron Ore’s Kolomela mine has broken ground on a multipurpose lifestyle complex in the small Northern Cape town of Postmasburg, which the company says will transform the lives of the Tsantsabane community. The 16 ha complex will provide a range of sporting,... →
Anglo increasingly focused on future-enabling decarbonising metals, minerals – Cutifani
By: Martin Creamer 20th July 2021 The portfolio and growth investments of diversified mining company Anglo American is increasingly focused future-enabling metals and minerals that are critical to decarbonising energy and transport and to meeting consumers' growing needs, from luxury to everyday life. This was stated by Anglo... →
Kumba continues to perform well, despite rail constraints, Covid-19
By: Simone Liedtke 20th July 2021 Iron-ore miner Kumba Iron Ore’s operations continued to perform well for the six months ended June 30, and production increased by 12% year-on-year, while sales increased by 3% year-on-year, reflecting the impact of rail constraints and periods of severe weather at the Saldanha Bay port. Kumba’s... →
Vale reviews copper, nickel guidance amid labour, climate issues
By: Reuters 20th July 2021 Brazilian miner Vale said on Monday evening that it was reviewing its guidance for 2021 nickel and copper output as strikes and "extraordinary climate conditions" in Canada have materially affected production. In its second quarter output report, Vale said it produced 41 500 t of nickel in the... →
Mine achieves massive earnings boost after employing four more people
By: Martin Creamer 19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... →
Assmang calls force majeure on manganese alloys in South Africa
By: Bloomberg 19th July 2021 Assmang issued a notice of force majeure on manganese alloys production from its facilities in KwaZulu-Natal province, South Africa, according to an email from Rorie Wilson, an alternate director at the company. The mining company declared force majeure to customers last week due to civil unrest... →
Creditors in Brazil miner Samarco oppose restructuring plan
By: Reuters 16th July 2021 Creditors in bankrupt miner Samarco Mineracao, a joint venture between Vale and BHP Group, made on Thursday an objection to the company's restructuring plan, according to a court document. Creditors said the plan's main goal is to protect Samarco's giant shareholders, Vale and BHP, and reduce... →
Miners draw the short straw with govt assistance
By: Esmarie Iannucci 15th July 2021 The Productivity Commission’s latest Trade and Assistance Review has shown that Australian mining had received the least assistance during 2019-20 of all industries. The Australian industry received A$12.1-billion in government assistance during 2019-20, to help prevent job losses and maintain... →
Life in mining-dependent countries significantly improved – ICMM
By: Martin Creamer 14th July 2021 Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday. A report that analysed 41 social metrics grouped under... →
Vale says has decommissioned Fernandinho dam
By: Reuters 14th July 2021 Brazilian miner Vale said on Tuesday that it had finished decomissioning the Fernandinho dam, located in the Abóboras mine in the Vargem Grande complex, although it added that the work still needed to be approved by regulators. Vale said the work is part of a program to decomission dams that... →
Fortescue marks autonomous haul milestone
By: Esmarie Iannucci 14th July 2021 Iron-ore major Fortescue Metals has marked a milestone with its autonomous haul fleet, having moved two-billion tonnes of material. Fortescue was the first in the world to deploy Caterpillar’s autonomous haulage technology on a commercial scale at its Solomon Hub operations in 2012, and the... →
Botswana begins first iron-ore mining project
By: Reuters 13th July 2021 Botswana has begun work on its first iron-ore mine, a senior government official said on Tuesday, as the country seeks rapid diversification from diamond mining. The African nation's heavy reliance on diamonds, which account for a fifth of the Botswana's GDP and more than two thirds of its... →
Vale says value of Samarco settlement not open to renegotiation
By: Reuters 13th July 2021 Brazilian iron-ore miner Vale said on Monday in a securities filing that the compensation value for "not repairable damage" stemming from a dam collapse in 2015 has already been set and is not subject to renegotiation. The statement comes in response to a Reuters story published on Friday that... →
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