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Ferrous Metals News

Magnum's Nevada project now Jorc compliant

By: Esmarie Iannucci     23rd March 2021 Junior Magnum Mining & Exploration has reported a maiden Joint Ore Reserves Committee (Jorc) compliant mineral resource of 232-million tonnes for its Buena Vista magnetite project, in Nevada. The ASX-listed company announced that the Jorc compliant resource showed a 31% increase on the previous... 

Northam pays most tax as growth strategy heads for 8 500 jobs boost 

By: Martin Creamer     23rd March 2021 “We’ve made the single-largest tax payment in the history of the company,” Northam Platinum CEO Paul Dunne said during last week’s presentation of 74%-higher headline half-year earnings.   The JSE-listed platinum group metals (PGMs) mining company’s half-year contribution to the fiscus topped... 

Northam pays most tax as growth strategy heads for 8 500 jobs boost
Northam Platinum CEO Paul Dunne’s half-year presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Euro Manganese raises cash for Czech project

By: Esmarie Iannucci     22nd March 2021 ASX- and TSX-V listed Euro Manganese will raise C$29-million in a private placement to accelerate work at its Chvaletice manganese project, in the Czech Republic. The company is offering 50-million chess depositary interests (CDIs) each representing one share at a price of 60c each. 

Euro Manganese raises cash for Czech project

EQ Resources granted leave to increase production

By: Esmarie Iannucci     22nd March 2021 Junior EQ Resources has been granted approval to expand production from its Mt Carbine quarry from 10 000 t/y to one-million tonnes a year. The company told shareholders that the approval was a vital step in the pathway to re-establishing Mt Carbine as a significant global tungsten producer and... 

Northam Platinum building 10 MW solar power plant at Zondereinde smelter  

By: Martin Creamer     19th March 2021 Platinum group metals (PGMs) mining company Northam Platinum said on Friday that it was designing and building a 10 MW solar energy plant for the company’s smelter at its Zondereinde mine, in Limpopo province. Located on the northern end of the western limb of the Bushveld Complex, near the town... 

Northam Platinum building 10 MW solar power plant at Zondereinde smelter
Northam Platinum CEO Paul Dunne’s half-year presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Northam earnings soar, operational performance pumps cash 

By: Martin Creamer     19th March 2021 The earnings of platinum group metals (PGMs) mining company Northam Platinum soared in the six months to the end of December when 54% more cash was generated. Operational growth projects, initiated in a period of lacklustre metal prices, are now coming on track, and delivering valuable... 

Northam earnings soar, operational performance pumps cash
Photo by Creamer Media
Northam Platinum CEO Paul Dunne

Monadelphous lands $150m contract with Fortescue

By: Creamer Media Reporter      18th March 2021 Engineering company Monadelphous Group has secured a new five-year crane services contract with iron-ore major Fortescue Metals, valued at $150-million. 

Nombasa Tsengwa appointed CEO-designate of Exxaro Resources 

By: Martin Creamer     18th March 2021 Dr Nombasa Tsengwa has been appointment CEO-designate of diversified mining and energy company Exxaro Resources, effective from 31May 2023, when current CEO Mxolisi Mgojo reaches the retirement age of 63. The appointment of Dr Tsengwa, who is Exxaro’s current MD Minerals, forms part of what the... 

Nombasa Tsengwa appointed CEO-designate of Exxaro Resources
Photo by Creamer Media
Dr Nombasa Tsengwa has been appointment CEO-designate.

High iron-ore prices spur mining, protests in Australia's Tasmania

By: Reuters     18th March 2021 Buoyant iron-ore prices have paved the way for mining in Australia's southern Tasmanian state, where developer Venture Resources' project has come under pressure from conservationists over potential impact on a wilderness area. Australia is the world's top producer of iron-ore, almost all of... 

High iron-ore prices spur mining, protests in Australia's Tasmania

Altus takes next steps at Bikoula development

By: Marleny Arnoldi     17th March 2021 TSX-V- and Aim-listed Altus Strategies has completed a strategic review process, undertaken by independent consultants Mining Plus, on the company’s 97%-owned Bikoula iron project, in Cameroon. The strategic review was intended to inform the next steps of development for the project, including... 

Vale starts up first of four tailings filtration plants

By: Mariaan Webb     17th March 2021 Brazil major Vale has started operations at the tailings filtration plant of the Vargem Grande Complex, the first of four plants to be built in Minas Gerais at a cost of $2.3-billion. The start-up will not only reduce dependence on dams, but will also allow an improvement in the average quality... 

Vale approves new three-year term for CEO Bartolomeo

By: Reuters     16th March 2021 Vale said the Brazilian miner's board approved the re-election of current CEO Eduardo de Salles Bartolomeo to serve a new three-year term, according to a securities filing on Tuesday. The company also said legal director Alexandre D´Ambrosio would move to the position of executive legal... 

Vale approves new three-year term for CEO Bartolomeo
Eduardo Bartolomeo

King Island Scheelite raising funds

By: Esmarie Iannucci     16th March 2021 ASX-listed King Island Scheelite will raise A$5.6-million in a share placement to pay off term debt. The company on Tuesday reported that it would place 28-million shares, at a price of 20c each under its existing placement capacity, with the placement supported by cornerstone investor DACHS... 

Local battery material champions planning first-mover advances into new geographies 

By: Martin Creamer     15th March 2021 South Africa’s team of local battery material champions are planning first-mover advances into new geographies. Mining Weekly can today report that Thakadu Battery Materials, which is producing high-purity battery-grade nickel sulphate for export, has a pipeline of new projects in place that will... 

Local battery material champions planning first-mover advances into new geographies
Thakadu Battery Materials CEO Ruli Diseko

Eastplats renews agreements with subsidiary, funder

By: Marleny Arnoldi     15th March 2021 JSE-listed Eastern Platinum (Eastplats) has executed updated retreatment project agreements, building on original agreements signed between its subsidiary Barplats Mines and Union Goal Offshore Solution in 2018. The updated retreatment project agreements include a revised framework agreement,... 

Congo Republic signs deal on revoked iron ore licenses with Sangha Mining

By: Reuters     15th March 2021 Congo Republic on Saturday has signed two mining conventions with Congo's Sangha Mining to exploit iron-ore on licenses the government withdrew last year from Australian miners Sundance and Equatorial Resources, and Nevis-registered Avima. The government of Congo revoked the licenses on Avima;... 

Fortescue sets new carbon target, expects hydrogen business to grow

By: Esmarie Iannucci     15th March 2021 Iron-ore major Fortescue Metals has unveiled plans to be carbon neutral by 2030, ten years earlier than its previous target of 2040, while noting that its ‘green energy’ business could outpace its iron-ore play. Fortescue chairperson Andrew Forrest on Monday said that Fortescue Future... 

Fortescue sets new carbon target, expects hydrogen business to grow
Fortescue chairperson Andrew Forrest

Australian resources still abundant - AIMR

By: Esmarie Iannucci     15th March 2021 The latest edition of Australia’s 'Identified Mineral Resources' (AIMR) report has reaffirmed Australia position as one of the world’s top producers of key critical minerals. Minister for Resources, Water and Northern Australia Keith Pitt at the end of last week said that Geoscience Australia’s... 

Australian resources still abundant - AIMR

Jupiter gives a new timeline for Juno

By: Esmarie Iannucci     15th March 2021 ASX-listed Jupiter Mines on Monday told shareholders that the demerger and initial public offering (IPO) of its its Central Yilgarn iron-ore (CYIP) assets would still be pursued, but on a delayed time table. The company earlier this month announced that it had halted plans for a newly created... 

Chinese firm plans iron-ore mine, steel plant in Zimbabwe

By: Bloomberg     12th March 2021 Tsingshan Holdings Group, the world’s top producer of nickel and stainless steel, will start construction on an iron ore mine and a carbon steel plant in Zimbabwe in May, according to a senior government official. A fluorite and limestone production plant will also soon be set up, Information... 

Iron-ore sees year's second-worst week on China pollution crackdown

By: Reuters     12th March 2021 Benchmark Asian iron ore futures fell on Friday and were on track for their second-biggest weekly loss so far this year, as moves in China to restrict steel mills' highly-pollutive operations and reduce production capacity weighed on sentiment. The most-traded May iron ore on China's Dalian... 

Iron-ore sees year's second-worst week on China pollution crackdown

Just clearing exploration backlog would be huge leap forward – Miller  

By: Martin Creamer     12th March 2021 Ahead of tackling policy issues, incremental ongoing effort must be prioritised to clear South Africa’s huge mineral exploration and mining rights backlog, says AmaranthCX director Paul Miller. The backlog currently stands at more than 5 000 unprocessed exploration applications and  235... 

Just clearing exploration backlog would be huge leap forward – Miller
AmaranthCX director Paul Miller talks exploration to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Opportunities for mines to decarbonise and South Africa's coal exports to China make headlines  

12th March 2021 Mining Weekly Editor Martin Creamer unpacks Royal Bafokeng Platinum's proposed plans to generate its own electricity; China having become the largest importer of South African coal; and the opportunities for miners to invest in green energy and decarbonisation. 

Opportunities for mines to decarbonise and South Africa's coal exports to China make headlines
Opportunities for mines to decarbonise and South Africa's coal exports to China make headlines

Canada targets 31 critical minerals for domestic production

By: Mariaan Webb     12th March 2021 Natural Resources Minister Seamus O’Regan has announced the release of a Canadian critical minerals list, signalling to investors where the country’s focus will be in the global race to shore up supply of minerals that will drive the transition towards a low-carbon future. The list, announced... 

Canada targets 31 critical minerals for domestic production
Canadian Natural Resources Minister Seamus O'Regan

Avima demands Congo Republic reinstate iron-ore licence

By: Reuters     11th March 2021 Avima Iron Ore said on Thursday it had written to Congo Republic's government to demand it either reinstate the company's production licence that was stripped last November or pay damages of $27-billion. Avima's iron-ore licence was one of three that Congo's government revoked late last year and... 

Mining production down in January, but mineral sales up almost 25% 

By: Donna Slater     11th March 2021 Mining production decreased by 6.2% year-on-year in January, with the largest negative contributors being platinum group metals (PGMs), coal and gold, according to the latest Statistics South Africa (Stats SA) report. PGMs slumped by 14.5%, subtracting 3.5 percentage points from the overall... 

Fortescue's green ammonia plant's FID planned for year end

By: Esmarie Iannucci     11th March 2021 Iron-ore miner Fortescue Metals is on track to make a final investment decision (FID) on the green ammonia plant, in Bell Bay, Tasmania, by the end of the year. Fortescue Future Industries in November last year announced that it was investigating the development of a green ammonia plant in... 

Fortescue's green ammonia plant's FID planned for year end

Vale approves list of board candidates

By: Reuters     11th March 2021 A nomination committee at Brazilian miner Vale approved a list of candidates to the board of directors for the 2021-2023 term, the company said in a securities filing on Wednesday. The company will send for shareholder vote the names of independent directors Clinton Dines, Elaine Dorward-King,... 

Gantsho to retire as Kumba chair

By: Creamer Media Reporter      10th March 2021 Dr Mandla Gantsho will retire as chairperson of Kumba Iron Ore to devote more time to his personal business interests.  He will step down from the board, including from the board committees on which he serves, with effect from the end of the company’s annual general meeting to be held on May 14. 

Labrador Iron says PEA supports plan to resume iron-ore production

By: Mariaan Webb     10th March 2021 Canada’s Labrador Iron Mines has completed a preliminary economic assessment (PEA) for its Houston project, located in the Labrador Trough region near Schefferville. The results of the PEA support the company’s plan to resume iron-ore production with low restart capital of C$86.8-million and... 

Zimbabwe says China's Tsingshan to build iron ore mine, steel plant from May

By: Reuters     10th March 2021 China's Tsingshan Holding Group is set to start developing an iron ore mine and a carbon steel plant in Zimbabwe from May, the African country's information minister said late on Tuesday, three years after the firm first announced the investment deal. Tsingshan signed a $1-billion outline... 

Resources Watch  

9th March 2021 This week: The major challenge of the mining industry is the imperative of growth; ARM board approves R5.7-billion Merensky project at Two Rivers mine; and, Game-changing R3.6bn project positioning Kumba Iron Ore well into the future 

Resources Watch
Resources Watch

HPX raises $200m to fast-track Guinea iron-ore project

By: Mariaan Webb     9th March 2021 Exploration and development company High Power Exploration (HPX), led by mining billionaire Robert Friedland, has raised $200-milllion to fast track the development of its iron-ore project in Guinea. Subscribers to the equity financing included several new institutional investors from the US and... 

Merafe loss decreases, electricity risk remains, logistics challenge intensifies  

By: Martin Creamer     8th March 2021 Although the loss suffered by ferrochrome company Merafe Resources decreased in 2020, its electricity risk remains and its logistics challenges are intensifying. Merafe’s revenue and operating income is primarily generated from the Glencore Merafe Chrome Venture, which has a total capacity of... 

Merafe loss decreases, electricity risk remains, logistics challenge intensifies
Merafe Resources results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Saldanha Terminal invests R1.2m in additional dust suppressing canons

By: Simone Liedtke     8th March 2021 The Saldanha Bulk Terminal, in South Africa, has invested R1.2-million in two additional dust-suppressing cannons that will be used on ship loaders as cargo flows from the chutes to the vessel hatch. The investment is said to be a continued commitment to ensuring a clean operation on the West... 

Saldanha Terminal invests R1.2m in additional dust suppressing canons
Dust Suppresor 1

Electricity supply constraints, costs a challenge for South Africa's ferrochrome industry

By: Simone Liedtke     8th March 2021 Some industry stakeholders have suggested that a special electricity tariff would be a “better way” to support the embattled ferrochrome ore industry, rather than government’s recently approved export tax on exported chrome. Although the tax percentage and further details are still to be... 

GWR delivers first ore from C4

By: Esmarie Iannucci     8th March 2021 ASX-listed GWR has delivered its first iron-ore shipment under its offtake agreement with Hong Kong trader Pacific Minerals from its flagship C4 iron-ore deposit, in Western Australia. The company on Monday told shareholders that following the successful staging of its first shipment of 52 425 t... 

Jupiter's Juno plans get shelved

By: Esmarie Iannucci     8th March 2021 ASX-listed Jupiter Mines on Monday told shareholders that it has halted the demerger and initial public offering (IPO) of its Central Yilgarn iron-ore (CYIP) assets. Jupiter in January this year announced plans for the demerger and IPO of these assets into a newly created company called Juno... 

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