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Ferrous Metals News

Iron-ore hits 2022 low

By: Reuters     Updated 3 hours ago Iron-ore slumped on Wednesday to its lowest level this year in Singapore as China faces fresh Covid-19 flare-ups in several areas including Shanghai, stoking concerns over further lockdowns in the world's biggest steel producer. Growing prospects of a global recession also weighed on most... 

Mayur signs magnetite offtake for Orokolo Bay

By: Esmarie Iannucci     6th July 2022 ASX-listed Mayur Resources has inked a binding offtake agreement for magnetite product from its Orokolo Bay iron and industrial sands project, in Papua New Guinea. The offtake agreement covers some 300 000 t/y of magnetite product over a three-year period, with an option to extend another year,... 

Industry taxes reach record heights - report

By: Esmarie Iannucci     5th July 2022 Company tax and royalty payments from the Australian resources sectors reached a record A$43.2-billion in the 2020-21 financial year, up 16% on the previous financial year. A report released by advisory firm Ernst & Young, commissioned by the Minerals Council of Australia, revealed that company... 

Guinea halts Simandou iron-ore project work again

By: Reuters     4th July 2022 Guinea's mines minister has ordered all work related to the Simandou iron ore mine project halted after the two companies involved missed an extended deadline to agree on a joint venture, a letter seen by Reuters showed on Monday. Rio Tinto and Chinese-backed consortium Winning Consortium... 

Guinea halts Simandou iron-ore project work again

New Anglo strategy director excited by mining’s green energy transition 

By: Martin Creamer     4th July 2022 The newly appointed group director of strategy and business development of diversified mining company Anglo American on Monday singled out mining’s green energy transition in commenting on the excitement of her new appointment. Helena Nonka, who is currently executive VP of corporate development... 

Picture supplied.
New Anglo American group director of strategy and business development Helena Nonka.

Vale secures natural gas supply for 100% of pelletizing ops

By: Reuters     4th July 2022 Brazilian miner Vale said on Friday it has signed a deal allowing it to secure natural gas supply for 100% of its pelletizing operations from 2024 as it looks to reduce carbon emissions. According to a statement, the newly-announced deal will be focused on its Sao Luis pelletizing plant and... 

Australian resources exports to set new records

By: Esmarie Iannucci     4th July 2022 Australia’s resource and energy export earnings are estimated to be worth A$405-billion in 2021–22, and is forecast to rise to A$419-billion in 2022–23, delivering two successive record years, the Office of the Chief Economist reported on Monday. As world supply responds to high prices and... 

Image shows container ships at Port Hedland

TFR signs cross-border agreement with Railways of Mozambique 

By: Schalk Burger     1st July 2022 State-owned rail agency Transnet Freight Rail (TFR) has signed a cooperation agreement with Mozambique State agency Ports and Railways of Mozambique (CFM) to implement an immediate train run-through model that will result in the export of chrome and ferrochrome moving seamlessly from Belfast, in... 

Mine haulage transition to electric offered without disruption   

By: Martin Creamer     1st July 2022 If the world were to electrify every mine truck, it would stop 198 000 t of carbon dioxide (CO2) a day from entering the atmosphere, which equates to a single electrified mining truck eliminating what would take 46 000 trees to absorb. That mammoth sustainability benefit was driven home firmly... 

Creamer Media screenshot.
ABB's Erik Pretorius interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Iron-ore tumbles as recession fears fuel commodities selloff

By: Reuters     1st July 2022 Iron-ore and steel prices tumbled on Friday as prospects of a sharp global economic downturn fanned fears of a slump in demand for commodities, despite signs of a rebound in manufacturing activity in top metals consumer China. The spectre of a global recession fed an already clouded demand... 

Bauba subsidiary Nuco Chrome granted eight-year mining right

By: Donna Slater     30th June 2022 Platinum and chrome miner Bauba Resources reports that its 74%-owned exploration company Nuco Chrome business has been granted a mining right, which is valid for eight years. The mining right – notarially executed on June 23 – came into effect on June 3, and will end on June 2, 2030.  

Merafe says third-quarter ferrochrome price 16.7% lower q/q

By: Creamer Media Reporter      30th June 2022 JSE-listed Merafe Resources has informed shareholders that the European benchmark ferrochrome price for the third quarter has been settled at $1.80/lb. That represents a 16.7% decrease from the price of $2.16/lb for the second quarter. 

Hawsons iron project MRE delayed to July

By: Tasneem Bulbulia     30th June 2022 ASX-listed Hawsons Iron has advised that analytical work on an anticipated mineral resource estimate update (MRE) for the Hawsons iron project, near Broken Hill, has not been completed on time, owing to the cumulative delaying impact of wet weather, Covid-19 and additional time required to... 

Tulla subsidiaries concludes iron-ore deal with Constance

By: Marleny Arnoldi     30th June 2022 ASX-listed Tulla Resources’ subsidiaries Central Norseman Gold Corporation (CNGC) and Pangolin Resources have entered into an offtake and funding agreement with Australia-based Constance Iron, for its Norseman iron-ore project, in Australia. This follows a heads of agreement signed between the... 

Ironveld shareholder asks board to remove chairperson, CEO as directors

By: Creamer Media Reporter      29th June 2022 Aim-listed Ironveld has informed shareholders that it has received a requisition notice from a significant shareholder, requesting the board of directors to arrange a general meeting and to consider the removal of chairperson Giles Clarke and CEO Martin Eales as directors of Ironveld. The... 

Nimba to list on the LSE towards the end of the year, BFS to follow

By: Marleny Arnoldi     29th June 2022 West Africa-focused miner Nimba Development Company (NDC) has started with a preliminary technical information exchange process with the government of Guinea, as part of the Nimba iron-ore mine’s development. Particularly, NDC has shared with the Guinean Ministry of Mines and Geology its... 

Illegal mining brazenness a significant concern to legitimate industry 

By: Donna Slater     29th June 2022 Minerals Council South Africa legal deputy head Mxolisi Ngubane says that, although the prevalence of illegal mining is not new, the brazenness and evolving nature at which operations are taking place, is becoming increasingly concerning to the wider mining industry and especially to miners in... 

An image of a disused mine shaft in South Africa
Photo by Bloomberg
Feeble attempts to close disused mine shafts means illegal miners will have an easy avenue to gain access to underground tunnels and ore.

Anglo investing in expansion of organic waste upcycling company Sanergy

By: Schalk Burger     28th June 2022 Diversified mining multinational Anglo American is leading the latest investment round of organic waste upcycling business Sanergy, which has operations in Kenya. Sanergy's solutions are helping to transform how fast-growing cities in the developing world manage waste by upcycling it into... 

Jupiter’s manganese subsidiary delivers A$58m Ebitda in the first quarter

By: Marleny Arnoldi     28th June 2022 ASX-listed Jupiter Mines’ 49.9%-owned subsidiary Tshipi é Ntle Manganese Mining has reported production of 883 000 t from the Tshipi Borwa manganese mine, in South Africa’s Northern Cape province, for the first quarter of its 2023 financial year. The subsidiary reports that just shy of... 

Renewables plans poised to slash Scope 2 emissions at Grootegeluk coal mine by up to 90%  

By: Martin Creamer     27th June 2022 Going forward, combined renewables plans already in place are poised to slash Scope 2 emissions at Exxaro Resources’s Grootegeluk coal mine in Limpopo by up to 90%. The renewable strategy being executed by coal miner Exxaro’s wholly owned green energy arm – Cennergi – is the key driver of the... 

Exxaro/Cennergi MD Energy Roland Tatnall
Exxaro/Cennergi MD energy Roland Tatnall interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer,

New US programme targets rare minerals needs for EVs and solar panels

By: Bloomberg     27th June 2022 When a top Biden administration official was in Cape Town for a mining conference last month, he heard from a number of African nations desperate for foreign investment to help dig up critical minerals like lithium, manganese and cobalt. At the same time, Under Secretary of State Jose Fernandez... 

US Secretary of State Jose Fernandez
US Secretary of State Jose Fernandez

TNPA embarks on ambitious R9.1bn seven-year infrastructure development programme 

By: Marleny Arnoldi     24th June 2022 Further to Transnet National Port Authority’s (TNPA’s) “reimagined” operational model, launched in November last year, and increased efficiency initiatives that are under way, the State-owned utility has announced it will spend R9.1-billion over the next seven years on capital projects in the... 

Port of Ngqura
Port of Ngqura

Iron-ore output poised to grow globally up to 2030

By: Marleny Arnoldi     24th June 2022 Research agency Fitch Solutions Country Risk & Industry Research believes global iron-ore production is likely to accelerate between 2022 and 2026, after stagnating somewhat over the past five years. The agency forecasts global iron-ore mine output to grow by an average 2.7% over the period,... 

Fortescue iron-ore being transported
Photo by Bloomberg
Fortescue iron-ore

High-purity manganese facing phenomenal demand growth, PDAC hears 

By: Martin Creamer     24th June 2022 The commitment of at least six major motor companies to manganese-based batteries for battery electric vehicles (BEVs) is elevating the demand outlook for high-purity manganese phenomenally, a Prospectors & Developers Association of Canada (PDAC) conference has been told. CPM Group lead manganese... 

Creamer Media screenshot.
CPM Group lead manganese analyst Andrew Zemek.

Manganese project closer to its goal

By: Nadine Ramdass     24th June 2022 Battery metal development company Giyani Metals aims to have the feasibility study for its K.Hill project, located near the town of Kanye, in Botswana, completed in the third quarter of this year. Following the completion of the study, the TSX-V-listed company will begin development on its... 

An image of the K.Hill project's manganese core sample
K.HILL MANGANESE CORE SAMPLE The K.Hill mine site has had exploration success

Green economy will require more commodities – specialist mining director

By: Nadine Ramdass     24th June 2022 Rather than requiring fewer commodities, the green economy, and its resulting technological developments, will actually require more commodities, says specialist mining services provider Ukwazi business development director Spencer Eckstein. Consequently, mining companies, including manganese... 

In-country beneficiation opportunities rise on back of EV growth

By: Nadine Ramdass     24th June 2022 Growth in the electric vehicles (EVs) market has led to increasing interest and demand for materials, such as manganese, used in the production of EV rechargeable batteries. This increased interest has also led to EV manufacturers aiming to diversify their battery material suppliers, owing to a... 

An image of Giyani Metals' Otse Prospect
GIYANI METALS' OTSE PROSPECT The growing EV market has led to an increase in demand for materials used in rechargeable batteries

Deeming could bring regulatory certainty to much-needed minerals investment – NSDV  

By: Martin Creamer     23rd June 2022 The detraction of the South African investment market is the uncertainty around approval timelines and the implementation of a deeming provision could change all that by treating applications as approved after the passing of a set period of time. Many want to invest in exploration and mining... 

NSDV advisory head Mark Gilbert.
NSDV Advisory Head Mark Gilbert interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Iron-ore rises past $110 as Xi pledges to meet economy targets

By: Bloomberg     23rd June 2022 Iron-ore advanced from its lowest close in more than six months after President Xi Jinping pledged to achieve economic goals for the year, despite pandemic and property headwinds. China’s top leader re-iterated the country’s “social and economic development targets” at a business forum on... 

Lawless South Africa has bulk commodity chrome pirates stripping its wealth

By: Schalk Burger     22nd June 2022 South Africa is the world’s biggest producer of chrome ore and it is estimated that about 10% of South Africa's yearly production of chrome is lost to illegal mining. There has been an emergence of a bulk commodity illegal industry in South African chrome mining, said global law enforcement... 

Specialised miller grinds down challenges

By: Nadine Ramdass     22nd June 2022 Specialised milling and base minerals processor African Pegmatite uses its 50 years of experience in milling and grinding to meet customer requirements while mitigating various industry challenges using creative solutions and its honed milling knowledge. The company prepares minerals that cannot... 

African Pegmatite image

Vale to spend $400m in 2022 to remove tailings dams

By: Reuters     22nd June 2022 Brazilian miner Vale expects to spend $400-million in 2022 to decommission its tailings dams, aiming to have 12 of its 30 structures eliminated by the end of the year, the company told Reuters on Tuesday. The dam elimination program, which began four years ago, has already cost the company... 

Transnet to issue locomotive tender in July to address crippling port and rail backlog

By: News24Wire      21st June 2022 In a bid to improve on its operational performance, clear logistic backlogs, and claw itself out of its financial predicament, Transnet has confirmed that it will issue a tender for the procurement of new locomotives next month. This comes after Transnet Group CEO Portia Derby told Business Day... 

Raubex makes buyout offer for remaining Bauba shares, Bauba to delist from JSE

By: Tasneem Bulbulia     21st June 2022 Diversified mining and exploration company Bauba and JSE-listed Raubex have resolved to propose a transaction in terms of which Raubex will make a general offer to acquire all of the ordinary shares in the issued share capital of Bauba it does not already own for a cash consideration of 42c... 

Strike signs port deal

By: Esmarie Iannucci     21st June 2022 ASX-listed Strike Resources has secured port access in the Pilbara that would allow the company to start exporting from its Paulsens East project in July. Strike has executed a formal combined multi-users access and licence agreement (MUA) with the Pilbara Ports Authority (PPA), securing access... 

Qld puts aside A$80m for resources sector

By: Esmarie Iannucci     21st June 2022 Some A$80-million has been set aside in the Queensland Budget to support growth and diversification in the resources sector. Resources Minister Scott Stewart said the A$79.6-million department budget would help grow and diversify the resources industry into the future with a focus on good solid... 

Rio marks opening of Gudai-Darri

By: Esmarie Iannucci     21st June 2022 Diversified miner Rio Tinto has officially cut the ribbon at the Gudai-Darri mine, in the Pilbara, marking its most technologically advanced mine to date. “Gudai-Darri represents a step-change in the deployment of automation and technology within our iron ore business and a fantastic... 

BHP, Vale reject Brazil steelmaker CSN's interest, say miner Samarco is not for sale

By: Reuters     21st June 2022 Miners Vale and BHP said in a joint statement on Monday they are not interested in selling their joint venture Samarco, after reports of the interest of Brazilian steelmaker Companhia Siderurgica Nacional (CSN). "BHP Brasil and Vale say Samarco is not for sale and reaffirm its support for the... 

An image of the Samarco concentrator
The Samarco concentrator
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