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Ferrous Metals News
Minerals Council regrets delay of 2018 Mining Charter review 
By: Martin Creamer Updated 2 hours 43 minutes ago Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgement of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.... →
Third-quarter ferrochrome benchmark price rolls over at $1.14/lb
By: Martin Creamer Updated 4 hours ago The European benchmark ferrochrome price for the third quarter of 2020 has been settled at $1.14/lb, a rollover from the second quarter of 2020, JSE-listed Merafe Resources advised shareholders on Monday. This price remains an increase of 12.9% on the first-quarter price of $1.01/lb. →
Lion ferrochrome.
Moon metals discovery aids development of lunar formation theories
By: Rebecca Campbell 3rd July 2020 Scientists using data from the US National Aeronautics and Space Administration’s (Nasa’s) Lunar Reconnaissance Orbiter (LRO) spacecraft have discovered evidence that the Moon might, underneath its surface, be richer in metals (such as iron and titanium) than had previously been believed. Nasa is... →
Lithium feeling pandemic pinch
By: Theresa Bhowan 3rd July 2020 The lithium market is declining as a direct result of electric vehicle (EV) plans being pushed back and EV production plummeting, says international commodities consultancy Core Consultants. →
Covid kills 13 mineworkers, no foreigners back at work 
By: Martin Creamer 2nd July 2020 Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum mining in North West province, which has the most cases at 1 413... →
GlobalData expects iron-ore consumption to decrease 2.8% this year
By: Tasneem Bulbulia 2nd July 2020 Global iron-ore consumption is likely to decrease by 2.8% this year, as a result of the impact of Covid-19 on the mining sector, as well as owing to decreased demand in the automotive industry, says analytics and data company GlobalData. It points out that the automotive industry accounts for... →
Hydrogen-powered aviation preparing for takeoff – study
By: Martin Creamer 2nd July 2020 Hydrogen as an energy source will play a key role in transforming aviation into a zero-carbon/climate-neutral system over the next few decades, an independent study states in estimating that the first short-range hydrogen-powered demonstrator could be developed by 2028 if sufficient investments... →
Commodity freighters are shrugging off Covid-19. For now
By: Bloomberg 1st July 2020 The cost of moving commodities like coal and iron-ore across the world’s oceans is surging as China lifts cargo purchases. Whether the rally will withstand the economic aftershocks of the coronavirus is a thornier question. Rates for giant capesize ships climbed to almost $31 000 a day on... →
Vale to relocate 50 people near dams, expanding 'safety zone'
By: Reuters 1st July 2020 Brazilian miner Vale said on Wednesday it will relocate about 50 people near a series of tailings dams in the state of Minas Gerais to reflect concern that a wider area could be hit by a potential dam burst. Vale said in a securities filing that the move to expand the "safety zone" around the... →
Swedish Stirling, Samancor sign MoU for clean energy tech at smelters
By: Tasneem Bulbulia 1st July 2020 Clean tech company Swedish Stirling and South African ferrochrome producer Samancor Chrome have entered into a memorandum of understanding regarding the possible installation of up to 135 PWR BLOKs at Samancor Chrome’s TC Smelter, Ferrometals and Tubatse Alloys smelters. On December 13, 2019,... →
A miner blew up ancient human history. Now an industry may pay
By: Bloomberg 1st July 2020 Scraping away delicately at the reddish-brown earth of northwestern Australia’s vast Pilbara region, a team of archaeologists uncovered a record of life dating back more 40 000 years. Buried in natural shelters at the base of a cliff were thousands of stone and wooden tools, the sharpened fibula... →
Platinum group metals in pole position to benefit from global decarbonisation thrust
By: Martin Creamer 1st July 2020 Platinum group metals are in pole position to benefit from the fast-growing global decarbonisation momentum, Mining Weekly can today report. A multiplicity of global announcements are emerging daily that inextricably link platinum-catalysed hydrogen fuel cells as well as platinum-catalysed... →
Kogi adopts phased approach to funding, work on Agbaja project
By: Marleny Arnoldi 30th June 2020 ASX-listed Kogi Iron has announced that it will adopt a staged funding and development programme to ensure the development of its Agbaja cast steel project, in Nigeria, continues to progress. The company also revised down its initial envisaged production rate during Phase 1 of the project to... →
Environmental groups propose tailings dam safety standards
By: Reuters 30th June 2020 Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held legally responsible for any disasters, a coalition of 140 environmental groups said in a report published on Tuesday. The recommendations, which differ from standards to be... →
Mining lease granted for Butcherbird
By: Esmarie Iannucci 30th June 2020 ASX-listed Element 25 has been awarded a mining lease for its Butcherbird manganese project, in Western Australia, by the Department of Mines, Industry Regulation and Safety. “The grant of a mining lease at Butcherbird is a pivotal step in the development of this world class project and puts... →
BHP completes first blockchain iron-ore trade
By: Esmarie Iannucci 29th June 2020 Major BHP has completed its first iron-ore trade with steel producer China Baowu on Canadian startup MineHub Technologies’ blockchain-based platform. The transaction was estimated to be worth some $14-million. MineHub connects buyers, sellers and service providers in mining and metals supply... →
Offtake on the cards at Butcherbird
By: Esmarie Iannucci 29th June 2020 ASX-listed OM Holdings has inked a non-binding memorandum of understanding (MoU) with fellow-listed Element 25 over the supply of manganese concentrate from the proposed Butcherbird manganese project, in Western Australia. Under the MoU, the two companies would negotiate a formal offtake... →
SA Inc must act now to take ownership of battery metals value chain – Bushveld
By: Martin Creamer 26th June 2020 Bold action is needed by South Africa Inc to take ownership of the significant potential share of the global battery metals market open to it, says Bushveld Minerals CEO Fortune Mojapelo. Speaking to Mining Weekly following this week’s presentation by the company of solid 2019 financial results... →
Anglo American to buy wind power energy from Brazil's Casa dos Ventos
By: Reuters 26th June 2020 Global miner Anglo American has reached an agreement to buy 95 megawatts of wind power from Brazil's Casa dos Ventos for 20 years, starting in 2022, according to a statement issued on Thursday. Casa dos Ventos said its wind plant in the northeastern state of Rio Grande do Norte will provide... →
Vale signs deal with authorities on Covid-19 monitoring at Itabira mines
By: Reuters 26th June 2020 Brazilian miner Vale has signed an agreement on monitoring for possible coronavirus cases at its Itabira complex, a major iron ore production facility temporarily shuttered earlier this month out of health concerns, authorities said on Thursday. A number of sanitary measures including testing... →
Seriti CEO seeks acquisitions beyond South African coal mines
By: Bloomberg 25th June 2020 Seriti Resources Holdings has satisfied its appetite for South African coal mines after acquisitions over the past three years made the company one of the nation’s top producers of the fuel. Seriti will consider a range of growth opportunities from other minerals to renewable energy, CEO Mike... →
Lesotho opens more border posts for return of foreign mineworkers
By: Martin Creamer 25th June 2020 Lesotho has opened up more border posts to speed up the return to work of locked-down foreign mineworkers. As reported by Mining Weekly last week, 12 000 mineworkers had one border post at their disposal on re-entering South Africa from Lesotho and the opening of more border posts was requested. →
Anglo American calls for cooperative response in trying times
By: Schalk Burger 25th June 2020 Diversified miner Anglo American CE Mark Cutifani has called for a society-wide response to the global Covid-19 crisis and says the miner is committed to global tax and the Extractive Industries Transparency Initiative (EITI). In its Tax and Economic Contribution report for the year ended... →
Exxaro expecting higher coal export volumes, lower domestic sales
By: Simone Liedtke 25th June 2020 Diversified miner Exxaro Resources expects a mixed picture for demand for its coal products as the Covid-19 pandemic continues to take its toll on the global economy. In a interim pre-close update by FD Riaan Koppeschaar on June 25, the group pointed out that it had, to date, recorded eight... →
Glencore says will cooperate with investigation by Swiss
By: Martin Creamer 20th June 2020 Diversified mining company Glencore stated at the weekend that it would cooperate with an investigation opened into it by the office of the attorney general of Switzerland. Glencore stated in a release to Mining Weekly that it had been informed by the office of the attorney general that it had... →
Glencore head office.
Glencore, Merafe begin Section 189 consultation process
By: Martin Creamer 19th June 2020 The alloys division of Glencore Operations South Africa and Merafe have commenced a consultation process in terms of sections 189 and 189A of the Labour Relations Act (LRA) with employee representatives and recognised trade unions, the JSE-listed Merafe Resources stated on Friday. Mining Weekly... →
The Lion Ferrochrome Smelter
Manganese remains resilient
By: Tracy Hancock 19th June 2020 Manganese prices remained resilient in the first quarter of 2020, even as Chinese imports fell by 18%, with in-country logistics impacted on by the country’s Covid-19 lockdown, says natural resources developer South32 CEO Graham Kerr. He was speaking to delegates of the BofA Securities 2020... →
Manganese sector can drive recovery
19th June 2020 The speed with which countries will recover from the devastation wrought by Covid-19 will depend, in part, on how best they use their unique advantages, says mining investment company Menar MD and cofounder Vuslat Bayoglu. As a country endowed with mineral resources – such as coal, manganese,... →
MEANINGFUL MINERAL Manganese is indispensable in steel production, with South Africa supplying more than 50% of the global seaborne manganese
Offtakers increasing prepayment enables bulk shipping for Premier’s Namibian mine
By: Marleny Arnoldi 18th June 2020 London-listed Premier African Minerals’ 19%-owned subsidiary MN Holdings has advised that the offtake partners of the Otjozondu project are reviewing an existing uncommitted credit facility to increase prepayment for manganese ore from the project. The offtake partners want to pay two equal... →
South Africa’s development finance system facing strategic challenge – IDC
By: Martin Creamer 18th June 2020 South Africa’s development finance system is facing a strategic challenge, says IDC CEO TP Nchocho. Nchocho and some members of the IDC executive team conversed with Mining Weekly in a Zoom interview to among other things, reinforce the IDC’s key messages, address policy and strategic questions... →
IDC CEO TP Nchocho
Alexkor, Tshipi Borwa and Acacia Mining make headlines
18th June 2020 Mining Weekly Editor Martin Creamer unpacks Alexkor's need for a panel of experts, the Tshipi Borwa manganese mine remaining profitable and the three Acacia Mining employees who were released from a Tanzanian jail. →
Australia begins probe into Rio's destruction of Aboriginal site
By: Reuters 18th June 2020 Australia called for submissions on Thursday to an inquiry into how mining giant Rio Tinto legally blew up two sacred Aboriginal caves that showed human history stretching back at least 46,000 years. Rio in late May destroyed the sacred caves in the Juukan Gorge in the Pilbara region of Western... →
Vale can reopen Itabira complex after coronavirus measures
By: Reuters 18th June 2020 Brazilian iron-ore miner Vale has received permission to reopen mines in the Itabira complex shuttered due to coronavirus concerns, the company said in a Wednesday filing, adding there was no change to its production guidance. Vale said it had received permission to reopen the mines from Minas... →
MRL restructures noncore manganese assets
By: Marleny Arnoldi 17th June 2020 ASX-listed Mineral Resources Limited (MRL) has completed the restructure of its non-core manganese assets, as part of a transaction with fellow-listed Resource Development Group (RDG). RDG has acquired a 100% interest in manganese tenements, Ant Hill and Sunday Hill, in the Pilbara, from MRL’s... →
Kogi's Nigerian operations impacted by Covid-19 prevention measures
By: Donna Slater 17th June 2020 ASX-listed iron-ore miner Kogi Iron reports that, although no employees of its Nigeria-based subsidiary KCM Mining, its Nigeria-based Agbaja Cast Steel project or the greater Agbaja plateau community, have been infected with Covid-19, the operation has been materially impacted on by measures... →
Tshipi profitable throughout Covid lockdown – Jupiter
By: Martin Creamer 17th June 2020 The Tshipi Borwa manganese mine in South Africa’s Kalahari manganese field has remained profitable and cash positive throughout the Covid-19 lockdown, Sydney-listed Jupiter Mines stated on Wednesday. Overall mining at Tshipi Borwa, which continues to be in a favourable position owing to its... →
Eastplats halts chrome concentrate production for Covid-19 testing, cleaning
By: Schalk Burger 17th June 2020 Canada-based platinum group metals and chrome miner Eastern Platinum (Eastplats) has temporarily halted its chrome concentrate production in South Africa. The operation at the Crocodile River Mine, in the North West province, was halted over the weekend of June 13 and 14 as a result of a... →
Fortescue sets zero emissions target for 2040
By: Esmarie Iannucci 16th June 2020 Iron-ore major Fortescue Metals has set a target to achieve net zero operational emissions by 2040. The company on Tuesday said that the net zero emissions goal was core to the its climate change strategy and underpinned by a pathway to decarbonisation, including the reduction of Scope 1 and 2... →
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