R/€ = 16.09 Change: -0.08
R/$ = 14.36 Change: -0.11
Au 1273.27 $/oz Change: -0.34
Pt 892.18 $/oz Change: -3.70

Ferrous Metals News

India’s NMDC targets 63Mt by 2021/22

By: Ajoy K Das     Updated 2 hours 54 minutes ago Indian iron-ore miner NMDC Limited will ramp up its production capacity to 63-million tonnes a year by 2021/22, from 32-million tonnes achieved in 2018/19. The company is also planning to reduce logistics and transportation costs by 55% by constructing a slurry pipeline. 

Mt Gibson gets ready to ship Koolan Island ore

By: Esmarie Iannucci     Updated 3 hours ago Junior Mount Gibson Iron has restarted high-grade iron-ore sales from its Koolan Island operation, in Western Australia. The ASX-listed miner on Wednesday said that some 72 000 t of high-grade hematite iron-ore, averaging 65% iron, is currently being loaded onto a bulk carrier scheduled to... 

Gindalbie/Ansteel deal gets FIRB backing

By: Esmarie Iannucci     Updated 3 hours ago The Foreign Investment Review Board has approved Hong Kong-based Ansteel’s takeover of ASX-listed Gindalbie Metals. Gindalbie in March announced a 2.6c a share takeover offer from Ansteel, which currently holds a 35.71% interest in Gindalbie and is a 52.16% shareholder in the Karara project. 

China's Tsingshan expands plans for Zimbabwe steel plant

By: Reuters     Updated 5 hours ago China's Tsingshan Holding Group has expanded its plans for a steel plant in Zimbabwe to include a power plant and a lithium concession, Zimbabwe's Mines Minister Winston Chitando said on Tuesday. President Emmerson Mnangagwa's government is trying to woo foreign investors, especially in mining,... 

Ferrexpo says charity could have 'misappropriated' funds

By: Reuters     23rd April 2019 Ukraine-focused iron-ore pellet producer Ferrexpo on Tuesday said that some funds of a charity it donates to could have been "misappropriated" as indicated by findings of an independent investigation. The company said although the Independent Review Committee's investigation into Blooming Land's... 

Bryah ups its game with OM Holdings JV

By: Esmarie Iannucci     23rd April 2019 ASX-listed junior Bryah Resources has struck a farm-in and joint venture (JV) agreement with fellow-listed OM Holdings to hunt for manganese on the Bryah Basin project. Under the terms of the agreement, OM will spend up to A$7.3-million to earn a 70% interest in the manganese mineral rights of... 

Congo-Brazzaville ships first iron-ore ahead of expected production boom

By: Reuters     23rd April 2019 Congo-Brazzaville shipped its first iron-ore exports on Friday ahead of an expected boom in production from mines owned by Congolese billionaire Paul Obambi's Sapro and Swiss commodities giant Glencore. Sapro mined the oil-dependent Central African country's first iron ore in 2017 from its Mayoko... 

Nickel pig iron market contributes to Indonesian nickel mining growth

By: Cameron Mackay     19th April 2019 The growth of the nickel pig iron (NPI) market in Indonesia has led to the rapid increase of nickel mining operations in the country, says international metals and minerals consultancy Roskill senior analyst Olivier Masson. Nickel pig iron, a low-grade ferronickel, was created in China as a... 

Nickel pig iron market  contributes to Indonesian nickel mining growth
Photo by Bloomberg
STEELY RESOLVE About 70% of the primary nickel produced in 2018 was used for stainless steel production

Fitch warns iron-ore price increase may be ‘more structural’ than initially thought

By: Simone Liedtke     18th April 2019 The sharp rise in iron-ore prices to over $90 per dry metric ton (dmt) from under $75/dmt since January, may be “more structural than initially anticipated”, says Fitch Ratings. It believes sustained iron-ore prices of above $85/dmt over the next 9 to 12 months should provide cash flow windfalls... 

Fortescue takes a hit from Veronica

By: Esmarie Iannucci     18th April 2019 Iron-ore major Fortescue Metals has tightened its full year export guidance following Tropical Cyclone Veronica, in late March. The company on Thursday reported that the wet weather conditions resulted in the loss of five days of shipments, equating to some 2.5-million tonnes during the three... 

Mick Davis moves closer to iron-ore mining with Liberian deal  

By: Bloomberg     18th April 2019 Mining dealmaker Mick Davis has won permission to export iron-ore from a planned mine in West Africa, adding momentum to the industry veteran’s comeback. Davis, through his new Niron Metals vehicle, has signed an agreement with Liberia that will allow him to use a rail and port to export iron-ore... 

Mick Davis moves closer to iron-ore mining with Liberian deal
Photo by Bloomberg
Mick Davis

Miners behind pre-poll South African stock rally not done yet

By: Bloomberg     17th April 2019 South African mining stocks have had their best start to the year since 2016 and there’s every chance they are not done yet. The FTSE/JSE Africa Mining Index has gained 22% as of April 16 and is close to an eight-year high, helping South Africa’s benchmark gauge advance 12% as investors show few... 

Vale expects to resume Brucutu mine operations within 72 hrs - filing

By: Reuters     17th April 2019 Brazilian iron-ore miner Vale said in a securities filing late on Tuesday that within 72 hours it expects to resume operations at the Brucutu mine, its largest in Minas Gerais state. Brucutu was shuttered in early February by request of Minas Gerais state prosecutors after a tailings dam burst... 

Kumba hands over Siyathemba youth centre, parks to community  

By: Tasneem Bulbulia     16th April 2019 Kumba Iron Ore CE Themba Mkhwanazi on Tuesday officially handed over 17 parks, as well as the Siyathemba Youth Centre, to the community of Siyathemba, near Kathu. Siyathemba is a newly built town, near Kathu, in the Northern Cape, to which the previous town of Dingleton is being relocated. This... 

Kumba hands over Siyathemba youth centre, parks to community
Kumba Iron Ore CEO Themba Mkhwanazi details the new Siyathemba Youth Centre and 17 parks, and how these form part of the Dingleton - Siyathemba relocation project. Video and editing: Nicholas Boyd.

Rio Tinto cuts iron-ore guidance after challenging start to 2019

By: Mariaan Webb     16th April 2019 The year has started with “several challenges” for diversified mining group Rio Tinto’s iron-ore business, resulting in the major downgrading its guidance for 2019. Pilbara shipments are now expected to be between 333-million and 343-million tonnes for the year, compared with the previous... 

Rio Tinto cuts iron-ore guidance after challenging start to 2019

Gemfields sells Jupiter shareholding for $31m 

By: Marleny Arnoldi     15th April 2019 JSE- and BSX-listed Gemfields’ subsidiary, Pallinghurst Consolidated, will sell the 145-million shares it holds in ASX-listed Jupiter Mining to AMCI Euro Holdings for A$44-million, or $31-million. Gemfields stated on Monday that the transaction was consistent with the board’s strategy for the... 

Exxaro reaffirms health, safety goals at Sustainability Summit

By: Simone Liedtke     12th April 2019 Empowered diversified miner Exxaro Resources on Friday reaffirmed its safety, health and environmental goals at its yearly Sustainability Summit, held in Lephalale, Limpopo. The summit is being held soon after the group celebrated a 24-month fatality-free milestone. 

Mbazima to retire from Anglo American after 18 years 

By: Creamer Media Reporter      12th April 2019 Norman Mbazima will step down as deputy chairperson of Anglo American South Africa on June 30. “Norman has made an exceptional contribution to Anglo American over the last 18 years, delivered with tireless energy, most recently as deputy chairperson of Anglo American South Africa. He has played... 

Mbazima to retire from Anglo American after 18 years
Photo by Creamer Media
Norman Mbazima

Mineral-rich West Africa shows much potential

By: Mamaili Mamaila     12th April 2019 The cheerful mood among operators at the 2019 Investing in African Mining Indaba, coupled with some proactive and innovative governments competing for attention, suggests that the West African mining sector’s vast potential may increasingly be realised through the successful development of new... 

Mineral-rich West Africa shows much potential
POTENTIAL PERFORMANCE The West African mining sector’s vast potential could be realised through successful proactive project development

AEM system to boost West African exploration

By: Mamaili Mamaila     12th April 2019 South African airborne geophysics technology provider Spectrem Air plans to reintroduce the application of its airborne electromagnetic (AEM) platform – the SPECTREMPLUS system – to the mineral and groundwater exploration industry in West Africa. This continually evolving platform entails being... 

AEM system to boost West African exploration
SIGHTS SET Spectrem Air is following new business leads in Ghana and Guinea

Indian iron-ore production peaks, but imports continue to surge

By: Ajoy K Das     11th April 2019 Indian iron-ore production during last financial year has been provisionally pegged at an eight-year high, but the domestic market is plagued by the dichotomous dynamics of rising imports and unsold stockpiles across the regions. According to preliminary industry estimates, iron-ore production... 

Zimbabwe pursuing favourable policies to attract more mining investment 

By: Tasneem Bulbulia     10th April 2019 To pursue meaningful and increased exploration, fully capitalise on economic benefits and increase investment in the mining sector, the Zimbabwean government has embarked on a number of policies to engender a favourable environment for investors. Deputy Mines and Mining Development Minister... 

Zimbabwe pursuing favourable policies to attract more mining investment

BSG ordered to pay Vale $1.2bn over Simandou

By: Creamer Media Reporter      10th April 2019 An arbitral tribunal in London has ordered BSG Resources (BSGR) to pay Brazilian miner Vale $1.25-billion plus costs and interest in a case relating to the Simandou iron-ore concessions in Guinea. The award is for fraud and breaches of warranty by BSGR  – the mining arm of billionaire Beny... 

Transnet sets new weekly manganese record 

By: Simone Liedtke     8th April 2019 State-owned Transnet Freight Rail on Monday announced that it had achieved a new weekly throughput record of 335 812 t of manganese, beating its previous record by 6 362 t. The record was achieved in week two of the 2019/20 financial year and compares with a target of 290 794 t for that week. 

As Goldman backs off, Citi says chase iron-ore rally to $100/t

By: Bloomberg     8th April 2019 Iron-ore’s poised to hit $100/t, according to Citigroup, which highlighted “very, very low” seaborne cargoes just as data from China may show a pick-up in demand. That view follows advice from Goldman Sachs Group that investors should be closing bullish bets after recent gains. “Iron-ore is not... 

As Goldman backs off, Citi says chase iron-ore rally to $100/t

Council calls for greater modernisation in mines

5th April 2019 Minerals Council South Africa has reasserted the need to modernise deep-level mining technologies as part of its people-centred modernisation drive to extend the life of deep-level mines and, subsequently, ensure that the workforce is maintained. The South African mining sector has, for more than... 

Council calls for greater  modernisation in mines
HARD CORE The South African deep-level mining sector is a tough environment, which runs on a continuous stop-start basis, predominantly in narrow-reef, hard-rock mining for gold, platinum and chrome

Anglo taking tailings dam monitoring to next level 

By: Martin Creamer     4th April 2019 Diversified mining company Anglo American is implementing new techniques that give the company far more control over tailings dams, which have been thrown into the spotlight after the tragic loss of life at Brumadinho, in Brazil, where an iron-ore tailings dam collapsed at Vale’s Corrego do... 

Anglo taking tailings dam monitoring to next level
Photo by Anglo American
How Anglo American is reducing tailings dam risk

ERG joins UN Global Compact

By: Creamer Media Reporter      4th April 2019 Diversified natural resources group Eurasian Resources Group (ERG) has joined the United Nations Global Compact – the world’s largest voluntary corporate citizenship initiative. ERG has also undertaken to implement the compact's ten principles in the areas of human rights, labour the environment... 

World's largest iron-ore port expects more exports post Vale

By: Bloomberg     4th April 2019 With a market facing a global deficit that was unforeseen at the start of the year, the world’s biggest iron ore export port is flagging a timely boost in shipments as Fortescue Metals Group and rivals bring on new mines in Australia’s remote Pilbara region. The projected shortfall comes in the... 

World's largest iron-ore port expects more exports post Vale

Iron-ore thunders higher as mine dams closed, exports collapse

By: Bloomberg     3rd April 2019 Iron-ore’s supply-driven rally picked up pace on Wednesday, with futures topping $90 a ton, amid increasing concern the crisis at Brazil’s Vale will be drawn out as regulators ordered dozens of dams to be shut. Futures for benchmark material rallied as much as 4.1% in Singapore, while spot ore... 

Iron-ore thunders higher as mine dams closed, exports collapse

Northam trying out tunnelling first at rhodium-rich Eland mine development 

By: Martin Creamer     2nd April 2019 Platinum group metals mining company Northam is preparing to deploy innovative tunnel boring technology at its Eland mine as part of a R93-million shared risk-and-reward contract with Master Drilling. Eland, on the southeastern limit of the western limb of the Bushveld Complex, has a 19.3-million... 

Northam trying out tunnelling first at rhodium-rich Eland mine development
Photo by Creamer Media
Paul Dunne (right) and Martin Creamer

Tshipi achieves record full-year export volumes

By: Tasneem Bulbulia     2nd April 2019 Tshipi é Ntle Manganese Mining’s Tshipi Borwa mine in, in South Africa, met its sales target of 3.51-million tonnes of manganese for the 2019 financial year. ASX-listed Jupiter Mines, which has a 49.9% beneficial interest in Tshipi é Ntle, has reported that this resulted in record export volumes. 

BHP cuts production forecasts on the tail of Veronica

By: Esmarie Iannucci     2nd April 2019 Tropical Cyclone Veronica is expected to cost major BHP between six-million to eight-million tonnes of iron-ore production, the miner warned on Tuesday. The company noted that port and rail operations at Port Hedland were ramping up after being suspended due to Tropical Cyclone Veronica, and... 

Fortescue green-lights Iron Bridge

By: Esmarie Iannucci     2nd April 2019 Iron-ore miner Fortescue Metals has approved the development of the $2.6-billion Iron Bridge magnetite project, in Western Australia. The ASX-listed miner said on Tuesday that the project is expected to produce 22-million tonnes a year once in full operation, producing a 67% iron content... 

Fortescue green-lights Iron Bridge

Cyclone hits Rio Tinto’s iron-ore guidance

By: Esmarie Iannucci     1st April 2019 Diversified miner Rio Tinto on Monday warned that iron-ore production in 2019 was likely to be some 14-million tonnes below previous estimates. The miner noted that while its iron-ore projects in Western Australia were progressively resuming operation following Tropical Cyclone Veronica, initial... 

Ferrexpo delays results again as charity investigation continues

By: Reuters     1st April 2019 Ukraine-focused iron-ore pellet producer Ferrexpo on Monday again delayed the publication of full-year results to the end of April, while it awaits further progress in an independent investigation on possible misuse of charitable donations. Ferrexpo said last month it was delaying the results... 

Vale proposes increase of board, more mining execs

By: Reuters     1st April 2019 Brazilian miner Vale has proposed enlarging its board by adding one independent member, according to a securities filing, two months after 300 people died in a mining dam operated by the company. One source close to controlling shareholders said the change is aimed at including more executives... 

Afarak invests in clean energy at its Mogale Alloys plant

By: Tasneem Bulbulia     29th March 2019 Swedish cleantech company Ripasso Energy on Friday handed over a PWR BLOCK 400-F system, which converts industrial residual and flare gases into electricity, to vertically integrated speciality alloys producer Afarak at its Mogale Alloys processing plant, in Krugersdorp. This is the first such... 

Afarak invests in clean energy at its Mogale Alloys plant
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