R/€ = 17.38 Change: 0.01
R/$ = 15.59 Change: 0.00
Au 1791.81 $/oz Change: -0.54
Pt 1016.00 $/oz Change: 3.00

Ferrous Metals News

Rosond records notable safety records at the Sishen, Kolomela mines

By: Tasneem Bulbulia     28th January 2022 Drilling technology solutions provider Rosond says it has achieved major health and safety milestones at Kumba Iron Ore’s Sishen and Kolomela mines in the Northern Cape. Based in the exploration and production geology section at Sishen, Rosond is drilling boreholes for exploration and mine... 

Mining majors included in Bloomberg 2022 Gender Equality Index  

By: Darren Parker     27th January 2022 Major mining companies AngloGold Ashanti, Sibanye-Stillwater, Exxaro Resources, Gold Fields, Impala Platinum, Anglo American Platinum (Amplats), Kumba Iron Ore, Harmony Gold and Newmont have all been included in software and media company Bloomberg’s 2022 Gender Equality Index (GEI). The... 

A photo of two female miners in PPE looking at a chart
A total of 418 companies from across 45 countries were included in in Bloomberg’s 2022 Gender Equality Index

Kumba lifts 2021 production by 9%, achieves fifth year of fatality-free production

By: Donna Slater     27th January 2022 JSE-listed iron-ore miner Kumba Iron Ore increased its production by 9% in 2021, with 40.9-million tonnes mined as volumes recovered following the Covid-19 impacts of 2020, and plant reliability improved. For the fourth quarter of 2021, the miner produced 9.7-million tonnes.  

An image of a bucket wheel excavator
Miners inspect a bucket wheel excavator at Kumba's Kolomela mine

Anglo increases copper guidance for 2022 as Peru mine comes online

By: Marleny Arnoldi     27th January 2022 Global miner Anglo American says its production for the fourth quarter of 2021 was flat compared with output in the fourth quarter of 2020. CEO Mark Cutifani noted on January 27 that operating levels across the group had been at about 95% of normal capacity throughout 2021 as a result of... 

Anglo CEO Mark Cutifani
Anglo CEO Mark Cutifani

Vale accuses Steinmetz of 'elaborate' fraud in $2.5bn deal

By: Bloomberg     27th January 2022 More than a decade after Vale  agreed to pay Beny Steinmetz $2.5-billion for a chunk of the world’s biggest iron-ore deposit, the pair are about to lock horns in a London court with the Brazilian mining giant accusing the Israeli billionaire of an “elaborate” fraud. Steinmetz and five other... 

An image of Beny Steinmetz
Beny Steinmetz

Work starts at Dolphin

By: Esmarie Iannucci     27th January 2022 ASX-listed Group 6 Metals has started construction at the Dolphin tungsten mine, in Tasmania. “Today is a momentous day for the company, following many years of hard work by the team to reach this point. We will be keeping shareholders and the wider market updated regularly now that our... 

Green primary iron could help South Africa offset fall in coal export revenues – study 

By: Terence Creamer     26th January 2022 Producing carbon-free primary iron in South Africa using green hydrogen direct reduced iron (GHDRI) technology could create a new globally competitive green export industry that could help offset the losses associated with the eventual decline in coal exports, a new study shows. Such exports... 

Green primary iron made in South Africa could help global steelmakers lower the cost of their decarbonisation efforts
Photo by Creamer Media
Green primary iron made in South Africa could help global steelmakers lower the cost of their decarbonisation efforts

Agreement inked to develop hydrogen recycling of end-of-life wind turbine magnets

By: Donna Slater     25th January 2022 Magnet metal and rare earths miner Pensana has signed a cooperation agreement with oil, gas and wind power company Equinor, forming a working group to share technical and commercial information to develop a low-energy method for recycling end-of-life magnets at Pensana’s rare earths hub in the... 

Iron-ore futures rise as miners face labour shortage in Australia

By: Reuters     25th January 2022 Iron-ore futures in China and Singapore rose on Tuesday after miner Fortescue Metals Group raised concerns over a labour shortage in Australia because of Covid-19 curbs, which could hamper output and shipments of the steelmaking ingredient. Bigger rivals BHP Group and Rio Tinto have also warned... 

Fortescue sets record half

By: Esmarie Iannucci     25th January 2022 Iron-ore major Fortescue Metals has reported record iron-ore shipments in the half-year ended December, with shipments reaching 93.1-million tonnes in the half year, up 3% on the previous corresponding period. Fortescue on Tuesday reported that iron-ore shipments in the three months to December... 

Nowa Nowa proves profitable for Eastern Resources

By: Esmarie Iannucci     24th January 2022 A feasibility study into the Nowa Nowa iron project, in Victoria, has estimated a capital cost of A$15.7-million to support the production of some one-million tonnes a year of magnetite direct shipping ore (DSO). ASX-listed Eastern Resources on Monday said that the study estimated a... 

Fortescue turns to F1 engineering

By: Esmarie Iannucci     24th January 2022 Iron-ore major Fortescue Metals has struck a £164-million deal to acquire UK-based technology and engineering services business Williams Advanced Engineering (WAE). WAE is an offshoot of the Williams F1 team and is renowned for its ground-breaking projects in high performance battery systems... 

Image shows a smiling Andrew Forrest
Photo by Bloomberg
Fortescue chairperson Andrew Forrest

South32 warns of global Covid impacts

By: Esmarie Iannucci     24th January 2022 Despite a strong December quarter, diversified miner South32 on Monday warned shareholders that labour shortages and freight bottlenecks would impact global operations this year. “We achieved a number of strong production results across our portfolio and realised significantly higher commodity... 

PIC increases shareholding in Afrimat to 15.55%

By: Donna Slater     21st January 2022 Following a disposal of shares by UBI General Partner, in its capacity as general partner of the African Rainbow Capital Fund, the Public Investment Corporation (PIC) has bought additional shares in building materials, industrial minerals and bulk commodities company Afrimat. The PIC now holds a... 

Sam Molefi clinches promising contract for his impressive mining business  

By: Martin Creamer     21st January 2022 Modi Mining is a 100% black South African-owned company founded and owned by mining engineer and entrepreneur Samuel Molefi and entrepreneur Christina Motlapele Molefi. The company was established with the sole objective of rendering differentiated contract mining services and to be a supplier of... 

Picture supplied
Modi Mining MD Sam Molefi interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Fortescue warns shut Western Australia borders may worsen labour shortage

By: Reuters     21st January 2022 The CEO of Australia's Fortescue Metals Group Ltd warned on Friday that a delay by the state of Western Australia in reopening its borders may worsen a labour shortage currently affecting the mining sector. The country's largest state, home to the resource-rich Pilbara region, cancelled plans to... 

Fortescue looks at Sinosteel's Midwest and Oakajee projects

By: Esmarie Iannucci     21st January 2022 Iron-ore major Fortescue Metals has inked a binding memorandum of understanding (MoU) with major Sinosteel to complete a rapid assessment of that company’s Midwest magnetite project. The assessment will include a rail and port development at Oakajee, Fortescue said on Friday. 

Norseman's iron-ore potential draws interest

By: Esmarie Iannucci     21st January 2022 Junior Tulla Resources on Friday announced a heads of agreement (HoA) with Australia’s Koch Metals over a potential iron-ore offtake agreement at the Norseman project, in Western Australia. Tulla Resources subsidiary Central Norseman Gold Corporation and Pangolin Resources own all of the iron-ore... 

Brazil prosecutors order Vale to shore up 18 mining dams after heavy rains

By: Reuters     20th January 2022 Brazilian prosecutors in the state of Minas Gerais said on Wednesday that 18 tailings dams at mines run by Vale require some work to guarantee their safety following heavy rains in recent months. In a statement, state prosecutors said an analysis of 31 dams had revealed the need for the... 

BHP adjusts copper and coal expectations

By: Esmarie Iannucci     19th January 2022 Diversified major BHP has adjusted its full year outlook for metallurgical coal and copper productions as tough conditions continued. The miner on Wednesday reported that full year copper production was trending towards the low end of the guidance range of between 1.59-million and 1.76-million... 

BHP CEO Mike Henry
BHP CEO Mike Henry

November mining production, sales up; Omicron to weigh on December stats

By: Donna Slater     18th January 2022 Mining production increased by 5.2% year-on-year in November, buoyed by a 38.1% rise in the production of platinum group metals (PGMs) – contributing 7.7 percentage points to the overall tally; and a 9.3% rise in iron-ore – contributing 0.8 of a percentage point, overall. Financial services... 

E25 mulls manganese processing plant in Asia

By: Esmarie Iannucci     18th January 2022 A scoping study into a high purity manganese sulphate monohydrate (HPMSM) plant has confirmed the economic benefits of the proposed project, ASX-listed Element25 said on Tuesday. The proposed project includes the construction of a HPMSM conversion plant as well as supporting administrative,... 

Vale, other Brazil miners ramp up production as rains subside

By: Reuters     18th January 2022 Brazilian miners including Vale are resuming production in the southeastern state of Minas Gerais after halting some operations due to heavy rains that disrupted logistics and increased the risk of accidents. Vale said in a securities filing on Monday that the Brucutu and Mariana mines were... 

Rio reports tough end to the year

By: Esmarie Iannucci     18th January 2022 Diversified major Rio Tinto has seen a drop in production across all of its commodities for the full year ending December, and in the last quarter of the year, compared with the previous corresponding period. CEO Jakob Stausholm said that in 2021, Rio continued to experience strong demand for... 

Image shows hard hats and high-vis vests with the Rio insignia

Vale resumes Minas Gerais operations after heavy rains

By: Reuters     17th January 2022 Brazilian miner Vale said on Monday it has partially resumed operations in the state of Minas Gerais after being forced to halt some mines a week ago due to heavy rains that increased the risk of accidents and caused logistics disruptions. According to a securities filing, the stoppages caused... 

Brazil prosecutors appeal to Supreme Court in collapsed dam case

By: Reuters     17th January 2022 Prosecutors for the Brazilian state of Minas Gerais appealed to the country's Supreme Court (STF) on Friday over a ruling that transferred to the federal judiciary a criminal case surrounding the deadly collapse of a tailings dam in 2019 that killed 270 people. In January 2020, state... 

BHP buys electric trains for the Pilbara

By: Esmarie Iannucci     17th January 2022 Major BHP will purchase four battery-electric locomotives and conduct trials at its Western Australia iron-ore rail network, as part of the company’s ongoing efforts to reduce its operational emissions. The four locomotives are scheduled for delivery in late 2023, with two to be supplied by... 

Image shows stockpiles of iron-ore at a BHP site

Glencore-Merafe JV building new PGMs production plant at Kroondal 

By: Donna Slater     14th January 2022 JSE-listed ferrochrome producer Merafe Resources reports that it and Glencore Operations South Africa have reached an agreement to contribute to the Glencore-Merafe chrome joint venture (JV) a new platinum group metal (PGM) production plant that is currently being built at the Kroondal mine. The... 

Iron-ore climbs to 3-month high as deluge halts Brazilian mines

By: Bloomberg     13th January 2022 Iron-ore advanced to the strongest level since the middle of October as heavy rains disrupted southeastern Brazil’s iron-ore industry, with the world’s No. 2 producer Vale among companies halting operations and regulators sent to monitor the impact on tailings dams. Vale has partially suspended... 

Tharisa to capitalise on record quarter

By: Tasneem Bulbulia     13th January 2022 Metals miner Tharisa achieved its best quarter on record for the quarter ended December 31, which is expected to see the company transform further, with the developments at its flagship asset, namely the integration of the Vulcan fine chrome recovery circuit at the Tharisa Mine, enabling it to... 

Nigeria woos Barrick Gold, Rio Tinto to spur nascent mining industry

By: Bloomberg     13th January 2022 Barrick Gold Corp and Rio Tinto Group have expressed interest in Nigeria’s largely untapped mining sector, according to the West African nation’s mining minister. “They are looking at the possibility of coming to look at opportunities in Nigeria,” Olamilekan Adegbite said in an interview at a... 

Korea's POSCO, Indian conglomerate Adani Group to develop steel mill

By: Reuters     13th January 2022 India's Adani Group and South Korean steel major POSCO have signed an agreement to explore opportunities, including setting up of an integrated steel mill at the western state of Gujarat, the companies said in a statement on Thursday. The investment is estimated to be of about $5-billion, the... 

BHP rolls out autonomous haulage at South Flank

By: Esmarie Iannucci     13th January 2022 Diversified major BHP on Thursday announced that it would move its $3.6-billion South Flank mine, in the Pilbara, to autonomous haulage. The miner said that autonomous haulage will be phased in across five autonomous operation zones (AOZs), beginning in June 2022, and by September 2023, the... 

Image shows BHP's logo

Ganmin's iron-ore project draws more attention

By: Esmarie Iannucci     12th January 2022 Africa-focused iron-ore developer Gemin has inked a non-binding memorandum of understanding (MoU) with China’s second largest privately owned iron and steel enterprise, Jianlong Group, for the offtake of two-million tonnes of iron-ore from the Baniaka project, in the Republic of Gabon. The MoU... 

Formal launch of South Africa’s first green ammonia project on Tuesday  

By: Martin Creamer     12th January 2022 The formal launch of South Africa’s first green ammonia project takes place on Tuesday, against the background of the initiative having already secured an in-principle offtake agreement from a global player – a clear indication of the world’s ‘go green’ momentum. Hive Energy and BuiltAfrica –... 

Picture supplied by BuiltAfrica
BuiltAfrica chairperson Thulani Gcabashe interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

GWR restarts C4 mining

By: Esmarie Iannucci     12th January 2022 Junior GWR Group has resumed mining at its high-grade C4 iron-ore mine, in Western Australia. Mining operations at C4 were suspended in September last year due to the volatility in iron-ore prices, now following recent price increases the company is able to confirm that mining has recommenced. 

Heavy rains force miners to halt operations in southeast Brazil

By: Reuters     11th January 2022 Heavy rainfall in southeastern Brazil has prompted miners including Vale to suspend some operations, they said on Monday, after downpours caused deadly floods in the northeast and threatened to delay harvests in the midwest. Rainfall is expected to remain heavy this week in most of top mining... 

Rio purchases battery-electric trains for the Pilbara

By: Esmarie Iannucci     11th January 2022 Mining major Rio Tinto will buy four battery-electric trains to use in the Pilbara as part of its strategy to reduce its carbon emissions by 50% by 2030. Rio on Tuesday announced that it had purchased the four 7MWh FLXdrive battery-electric locomotives from Wabtec Corporation with production... 

Image shows aerial view of Rio Tinto's Pilbara operations
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