- Home
- Covid-19 News
- Latest News
- Sector News
- Back
- Base Metals
- Coal
- Chemicals
- CSR
- Diamonds
- Diversified Miners
- Environmental
- Exploration
- Ferrous Metals
- Fluorspar
- Gemstones
- Gold
- Graphite
- Health & Safety
- Hydrogen
- Legislative Environment
- Lithium
- Critical Minerals
- Mineral Sands
- Mining Services
- Oil and Gas
- Platinum Group Metals
- Potash & Phosphates
- Project Management
- Rare-Earth Minerals
- Silver
- Uranium
- Vanadium
- World News
- Magazine
- Video Reports
- Audio
- Research
- Press Office
- Electra Mining
- Back
- Electra Mining Home
- Electra Clips
- Floorplan
- Electra Mining E-Magazine
- Electra Mining Day 1 on 07 September 2020
- Electra Mining Day 2 on 08 September 2020
- Electra Mining Day 3 on 09 September 2020
- Electra Mining Day 4 on 10 September 2020
- Electra Mining Day 5 on 11 September 2020
- Electra Mining Day 6 on 17 September 2020
- Announcements
- Virtual Showroom
- Topics
- What's On
- Jobs
- Tenders
- Mining Indaba
- Apps
- Product Portal
- About Us
- Legal Notice
- Comment Guidelines
- Marketing Videos
- Live Twitter Feed
Ferrous Metals News
Iron-ore euphoria of today arising out of iron-ore despair of yesteryear offers crucial policy lesson, says mining analyst in a ‘Postcard to the President’ 
By: Martin Creamer 12th May 2021 If you bought R100 000 worth of shares in Kumba Iron Ore at the start of 2016, you would now be sitting on shares worth a staggering R2.67-million, excluding dividends. This is because Kumba’s all-time low share price of R25.35 in January 2016 has skyrocketed 2 647% to R696.45, reflecting the... →
Baosteel to keep 'overpriced' iron-ore inventories at low level
By: Reuters 12th May 2021 China's Baoshan Iron & Steel Co, the country's biggest listed steel producer, said it would limit its iron-ore inventories in the short term as prices for the raw material have risen "much higher than they should". Iron ore prices have been disrupted by speculative capital flows and have seen... →
Anglo says technology integral to its sustainability
By: Schalk Burger 12th May 2021 Diversified mining multinational Anglo American on May 11 provided a detailed overview and update of the technologies that are being developed and deployed group-wide, as well as the impact of its operating model changes, to sustain and improve its operations. “Technology and innovation are... →
Iron-ore’s ‘ridiculous’ prices to stay as fear grips commodities
By: Bloomberg 12th May 2021 Iron-ore’s stunning surge won’t fade anytime soon because buyers remain nervous about being caught short as global demand accelerates amid lingering supply threats, according to a veteran commodities trader. The steelmaking material forged new all-time highs this week, soaring past $220 a ton... →
Miners welcome resource funding, but petroleum levy questioned
By: Esmarie Iannucci 12th May 2021 The resources sector has welcomed measures by the federal government to boost resource investment and growth. During the 2021-22 Budget, the federal government announced a A$100-million investment to extend the Junior Minerals Exploration Incentive for a further four years, from July 2021, to... →
Tsodilo starts studies for PEA of Botswana iron project
By: Creamer Media Reporter 11th May 2021 Diamond and metals exploration company Tsodilo Resources has initiated geochemical analysis for grade determination and geotechnical test work for rock mass rating evaluation for the preliminary economic assessment (PEA) of its Xaudum Iron Formation (XIF) project, in Botswana. As part of the... →
Gerald Group resolves iron-ore dispute with Sierra Leone
By: Reuters 11th May 2021 US commodity trader Gerald Group will pay Sierra Leone $20-million and cede a 10% stake in an iron-ore project as part of the resolution to a nearly two-year dispute that led to the shutdown of production, the company said. Gerald's wholly owned subsidiary SL Mining filed for arbitration in... →
Mystery of sanctioned tycoon's assets in Zimbabwe revival plan
By: Bloomberg 11th May 2021 In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House that would hold some of the nation’s most valuable gold, platinum, chrome and nickel mines and whose revenue would be used to revive the country’s moribund economy. The venture would be 65%... →
The Darwendale platinum mine project
Australia iron-ore exports beat records in March
By: Esmarie Iannucci 11th May 2021 Australia’s iron-ore exports reached a record A$14-billion in March this year, up from the A$9.2-billion reported in the same period last year, new data from the Australian Bureau of Statistics (ABS) has shown. Iron-ore exports were worth A$12.4-billion in January this year, up from the... →
New report identifies global mining sector's carbon reduction opportunities
By: Tasneem Bulbulia 10th May 2021 The global mining industry must move away from legacy systems and processes if it is to meet the challenge of decarbonisation. This is according to a new report, ommissioned by engineering company Weir Group, which calculates mining’s share of global energy consumption and identifies ways the... →
Iron-ore turns ‘very, very hot’ as prices jump 10% in minutes
By: Bloomberg 10th May 2021 Iron-ore futures leaped higher as trading opened on Monday, extending a record run amid rampant Chinese demand and a wider surge in commodity prices as the global economy recovers. Futures in Singapore jumped more than 10% to hit a fresh record high of $226 a ton. The steelmaking raw material is... →
Global iron-ore production to recover this year, says GlobalData
By: Tasneem Bulbulia 7th May 2021 Global iron-ore production decreased by 3% to 2.2-billion tonnes in 2020; and global production is expected to grow at a compound annual growth rate (CAGR) of 3.7% between 2021 to 2025 to 2.66-billion tonnes, says data and analytics company GlobalData. The key contributors to this growth will be... →
UK court to reconsider £5bn Brazil dam lawsuit against BHP
By: Reuters 7th May 2021 London's Court of Appeal will hear a request to revive a £5-billion lawsuit against Anglo-Australian mining group BHP Over a 2015 dam failure in Brazil, a court order showed. Judge Nicholas Underhill has agreed to an oral hearing that could help to overturn a previous Court of Appeal decision... →
Minnesota to cancel leases for Mesabi Metallics’ mine near Nashwauk
By: Creamer Media Reporter 7th May 2021 The Minnesota Department of Natural Resources (DNR) is reportedly terminating the leases for the stalled Mesabi Metallics taconite mine on the Iron Range, after the company failed to meet deadlines imposed by the state. Mesabi reportedly failed to submit documents and to secure funding for the... →
Magnetite raises cash for Razorback
By: Esmarie Iannucci 7th May 2021 ASX-listed Magnetite Mines will raise A$7-million in a share placement to sophisticated and institutional investors to advance studies at the Razorback iron-ore project, in South Australia. The company would issue more than 120.8-million shares, at a price of 5.8c each under its existing... →
Jupiter completes Juno demerger
By: Esmarie Iannucci 7th May 2021 ASX-listed Jupiter Mines has completed the demerger of Juno Minerals, via an in-specie distribution of shares to Jupiter shareholders. Jupiter on Friday said that Juno has also received conditional approval to be admitted to the official list of the ASX, triggering the completion of the... →
Rio extends another apology to Traditional Owners
By: Esmarie Iannucci 7th May 2021 Diversified miner Rio Tinto has again pleaded for forgiveness for the destruction of the Juukan Gorge rock shelters in the Pilbara last year. Speaking at the company’s annual general meeting this week, CEO Jakob Stausholm that the destruction of the cultural heritage site had been ‘a terrible... →
Aus working on resource export strategy
By: Esmarie Iannucci 7th May 2021 The federal government has announced a A$20-million investment into a Global Resources Strategy, to help diversify exports and find new markets for Australia’s resources and Technology. Resources, Water and Northern Australia Minister Keith Pitt on Friday said that the aim of the new strategy is... →
Fitch Solutions forecasts higher iron-ore price on the back of strong Chinese demand
By: Simone Liedtke 6th May 2021 Research agency Fitch Solutions Country Risk and Industry Research has revised its iron-ore price forecast for this year higher to an average of $160/t, from its previous forecast of $120/t, as exceptionally strong demand from the Chinese and global steel industry contributed to prices breaking... →
Rio Tinto shareholders vote in favour of remuneration policy at AGM
By: Reuters 6th May 2021 A majority of Rio Tinto's shareholders rejected the global miner's executive pay packages on Thursday, in a backlash over its destruction last year of ancient rock shelters in Western Australia. Rio Tinto blasted 46 000-year-old rock shelters at Juukan Gorge last May to expand an iron-ore mine,... →
Trade tensions rise between China and Aus
6th May 2021 Advisory firm WoodMackenzie (WoodMac) has warned that the escalation in the geopolitical dispute between China and Australia was likely to have an impact on the resources sector. China’s state planner, the National Development and Reform Commission (NDRC) on Thursday reportedly announced an... →
Iron-ore’s blistering rally sets sights on $200 as steel booms
By: Bloomberg 5th May 2021 A surge in steel consumption as the world emerges from its pandemic-induced slump is set to drive iron-ore to an unprecedented high as the biggest miners struggle to keep up with the frenzied pace of demand. Expectations are building that benchmark prices can get to $200/t -- topping the record... →
IEA report outlines urgent need to accelerate investment in critical minerals needed to drive energy transitions
By: Terence Creamer 5th May 2021 A new International Energy Agency (IEA) report is warning of a potential supply deficit for some of the ‘critical minerals’ needed to support a global shift in the energy system that is aligned with the Paris Climate Agreement, as well as the growing number of country commitments to cutting... →
Vale raises number of independent board members to eight
By: Reuters 4th May 2021 Brazilian miner Vale said in a securities filing on Monday the company has elected eight independent board members, up from three independent members over the last years. The group includes the former CEO of State-controlled oil company Petroleo Brasileiro, Roberto Castello Branco. Other... →
IDC’s Montsheng Tsele appointed Kumba nonexec director
By: Simone Liedtke 3rd May 2021 JSE-listed Kumba Iron Ore has appointed Montsheng Tsele as nonexecutive director, with effect from April 30. Kumba is 63.4% owned by Anglo American, 13.1% by the Industrial Development Corporation (IDC) and 23.5% owned by minority shareholders. →
Record metals prices catapult mining profits beyond big oil
By: Bloomberg 3rd May 2021 Major oil producers, for decades the natural resource industry’s top earners, are being eclipsed by once-smaller mining peers who are churning out record profits thanks to red-hot metals markets. The mining windfall is the latest sign of a boom in iron ore, copper and other metals that’s sending... →
Promising suite of manganese assets facing extremely attractive manganese fundamentals
By: Martin Creamer 3rd May 2021 Unlisted empowered mining investment company Ntsimbintle Holdings, which last month grabbed the headlines by becoming the biggest shareholder in the ASX-listed Jupiter Mines Limited, has promising additional manganese mining assets serving a manganese market that observers describe as having... →
Iron Road raises funds
By: Esmarie Iannucci 3rd May 2021 ASX-listed Iron Road will raise A$4.25-million through a share placement to institutional and sophisticated investors to advance work on the Cape Hardy port precinct development, maintenance of its Central Eyre iron project mining lease and secondary approvals and costings for a 12-million tonne... →
Trident notes increased battery metals exposure
By: Tasneem Bulbulia 30th April 2021 Aim-listed Trident Royalties saw a significant increase in battery metals exposure in the first quarter ended March 31. The company completed its most significant transaction to-date with the acquisition of a 60% interest in a gross revenue royalty (GRR) over the Thacker Pass project, for... →
Lion Battery, investment-friendly policies, Brian Gilbertson make headlines 
30th April 2021 Mining Weekly Editor Martin Creamer unpacks the Lion Battery initiative, calls for government to enact attractive investment-friendly policies and Pallinghurst Group chairperson and co-founder Brian Gilbertson's retirement. →
Fortescue commissions largest integrated battery energy storage system
By: Esmarie Iannucci 30th April 2021 Iron-ore major Fortescue has contracted Perth-based Pacific Energy’s subsidiary Contract Power Australia to build Western Australia’s largest network integrated battery energy storage system (BESS). Contract Power will design, construct, test, install and commission two BESS units as part of... →
Vale unit fined over alleged Brazilian environmental irregularities
By: Reuters 30th April 2021 The Brazilian city of Itaguaí has fined a subsidiary of miner Vale for allegedly not complying with environment regulations, according to a statement from local authorities on Thursday. Companhia Portuária Baía de Sepetiba (CPBS), Vale's port subsidiary, was fined 2.3-million reais ($430 348)... →
Afarak notes quarterly decline in output, particularly ferroalloys
By: Marleny Arnoldi 29th April 2021 LSE- and Nasdaq-listed Afarak Group has reported a 50.6% decline in production for the first quarter of this year, to 37 000 t, owing to reduced mining activity at its South African mines in line with lower market prices and demand. Production in the first quarter of last year totalled 76 405 t. →
Glencore maintains full-year guidance as first-quarter production meets expectations
By: Simone Liedtke 29th April 2021 Diversified miner Glencore’s overall production for the first quarter was broadly in line with the company’s expectations, with production reflecting that many of its operations continue to maintain thorough Covid-19 safe working practices. Full-year production guidance, however, has been... →
CEO Ivan Glasenberg
Champion Iron produces over 8Mt, achieves stable recovery rate of 82.6%
By: Simone Liedtke 29th April 2021 TSX- and ASX-listed Champion Iron produced just over eight-million wet metric tonnes (WMT) of high-grade 66.4% iron-ore concentrate for the financial year ended March 31, compared with just over 7.9-million WMT for the same period in 2020. This resulted in a stable recovery rate of 82.6% for the... →
Fortescue posts record shipments in year-to-date
By: Esmarie Iannucci 29th April 2021 Iron-ore major Fortescue Metals on Thursday reported has reported record shipments for the nine months ended March, following a strong third quarter. Iron-ore shipments in the three months to March reached 42.3-million tonnes, which was on par with the record third quarter shipments reported... →
Mining policy should be hugely supportive of exploration’s multiplier magic – investor
By: Martin Creamer 28th April 2021 Mining, preceded by exploration, is the greatest economic multiplier of all business activities, including government expenditure, says Integral Asset Management chief investment officer Bruce Williamson. It therefore makes huge sense for government to enact attractive investment-friendly... →
China boosts bid to cut steel output with import tax changes
By: Bloomberg 28th April 2021 China stepped up its drive to rein in steel production and fight rocketing iron ore prices by canceling import taxes on some steelmaking materials and raising costs for exporters. Import fees on pig iron, semi-finished and scrap steel will be set to zero from May 1, the Ministry of Finance said... →
Latest News
Latest Videos
Company Announcements
