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Ferrous Metals News

Sundance picks a fight with Cameroon and Congo

By: Esmarie Iannucci     17th December 2020 Junior Sundance Resources has serviced notices of dispute on the Republic of Congo and the Republic of Cameroon over its Mbalam and Nabeba iron-ore projects. The company this week told shareholders that it became aware on December 7 that the Republic of Congo had in late November issued a... 

Iron-ore windfall supports mid-year budget

By: Esmarie Iannucci     17th December 2020 Higher than expected iron-ore prices has assisted the Australian economy to rebound faster than initially projected. In the mid-year economic and fiscal outlook (MYEFO), Treasurer Josh Frydenberg noted that Australia’s real gross domestic product (GDP) grew by 3.3% in the September quarter after... 

Iron-ore windfall supports mid-year budget

Underground op adds to Dolphin economics

By: Esmarie Iannucci     16th December 2020 A revised feasibility study into the Dolphin tungsten project, in Tasmania, has increased the project’s net present value by 65%, from A$146-million to A$241-million, with the addition of an underground operation. ASX-listed King Island Scheelite on Wednesday also reported that the operational... 

Rio Tinto’s IOC invests in mining skills development

By: Creamer Media Reporter      16th December 2020 The Iron Ore Company of Canada (IOC) and College of the North Atlantic (CNA) have signed a memorandum of understanding (MoU) to collaborate on the development of new skills aligned with the latest advancements in mining technology. The Rio Tinto subsidiary will invest C$2-million over three... 

Global miner adopts flexible working model

By: Mariaan Webb     16th December 2020 Brazilian major Vale has permanently adopted a more flexible working model for its employees that combines remote work and the use of collaborative spaces. The ‘flexible office’ model prioritises the wellbeing and safety of its employees, the diversified mining company said on Tuesday, noting... 

Global miner adopts flexible working model

Rio Tinto willing to help improve iron-ore pricing system - China steel body

By: Reuters     15th December 2020 Miner Rio Tinto is willing to work with iron-ore consumers to review the pricing mechanism for the steelmaking ingredient, the China Iron & Steel Association (CISA) said, as near-record high prices squeeze margins at Chinese mills. CISA recently called on regulators in China, the world's top... 

Glencore enters partnership with Tre-Altamira to expand satellite monitoring across its TSFs

By: Creamer Media Reporter      15th December 2020 Diversified miner Glencore has entered into an agreement with commercial services provider Tre-Altamira to expand satellite monitoring to more than 110 of its tailings dams worldwide, which Glencore says is the largest industry monitoring agreement to date specifically focusing on tailings... 

China to prioritise Russian/Indonesian coal - report

By: Esmarie Iannucci     15th December 2020 The Australian government on Tuesday said that it would "defend the rights" of Australian exporters after reports emerged that China was restricting imports of Australian coal in favour of coal sourced from Indonesia and Russia. A report by the Global Times reported that China’s National... 

China to prioritise Russian/Indonesian coal - report

Vale says it has ended use of converted VLCC ships

By: Reuters     14th December 2020 Brazilian miner Vale has stopped using very large crude carrier (VLCC) ships converted into very large ore carriers (VLOC), following a final delivery to China on Sunday, according to a securities filing on Monday. Vale had said in January it would stop using the converted ships, opting instead... 

Iron-ore rattled as crackdown plea from China mills spurs slump

By: Bloomberg     14th December 2020 Iron-ore futures in Singapore tumbled from the highest since 2013 after a leading mills’ group in China stepped up its push for authorities in the top importer to investigate the raw material’s blistering rally. The China Iron & Steel Association called on the State Administration of Market... 

Iron-ore rattled as crackdown plea from China mills spurs slump

Tharisa, unions reach four-year wage agreement

By: Creamer Media Reporter      14th December 2020 Platinum group metals and chrome concentrate producer Tharisa has concluded a four-year wage agreement with the Association of Mineworkers and Construction Union, the National Union of Mineworkers and Solidarity. The agreement, which is effective from July 1, 2020, to June 20, 2024, applies to... 

Samarco to restart mining five years after deadly dam burst

By: Reuters     14th December 2020 Brazilian miner Samarco is planning to restart operations in late December, the company said on Friday, five years after a dam burst killed 19 people and resulted in Brazil's worst ever environmental disaster. Samarco Mineracao, a joint venture between BHP Group and Vale, said it had begun the... 

Samarco to restart mining five years after deadly dam burst
Doce river revegetation

ChromeSA welcomes negotiated electricity pricing concession

By: Creamer Media Reporter      11th December 2020 Independent chrome ore producers group ChromeSA has welcomed the finalisation by the Department of Mineral Resources and Energy (DMRE) of a short-term framework for negotiated pricing agreements, which will allow companies negatively affected by the high costs of power to negotiate lower... 

Anglo forecasts higher output, lower costs for 2021 

By: Creamer Media Reporter      11th December 2020 Diversified miner Anglo American expects its production for 2021 to increase by 14% year-on-year and its unit costs to decrease by 3% year-on-year. In an investor update published on December 11, the miner said it had maintain a strong performance this year, despite Covid-19-related and other... 

Anglo forecasts higher output, lower costs for 2021
Anglo American CEO Mark Cutifani

Butcherbird permits in the bag

By: Esmarie Iannucci     11th December 2020 ASX-listed Element 25 has received key environmental approvals for its manganese project, in Western Australia. The company on Friday reported that the works approval and the mining proposal had been approved by the relevant state government departments, while permission has also been obtained... 

Steps South Africa needs to take to attract global exploration investment 

By: Martin Creamer     10th December 2020 Countries wanting to attract exploration investment need readily available geophysics data to offer to prospective investors. “Geophysics is now key to the exploration industry, particularly for metalliferous-type deposits, which have the largest value,” Exploration Geological Consultancy MD... 

Steps South Africa needs to take to attract global exploration investment
Photo by Creamer Media
Exploration Geological Consultancy MD Regina Molloy

October mining production down 6.3% y/y, sales rise 30.7% year-on-year 

By: Donna Slater     10th December 2020 South Africa's mining production decreased by6.3% year-on-year in October, Statistics South Africa (Stats SA) reports. The most significant contributors to the decrease were iron-ore, which was down 26.5%, contributing -2.6 percentage points to the overall industry performance; while chromium... 

ArcelorMittal celebrates the 60th anniversary of its railway in Quebec’s North Shore

By: Creamer Media Reporter      10th December 2020 The 420-km railway linking ArcelorMittal Mont-Wright mine to its facilities in Port-Cartier, in Quebec, remains a strategic link, shipping more than 25-million tonnes of iron-ore to international markets. Celebrating the sixtieth anniversary of the railway on Thursday, ArcelorMittal... 

ArcelorMittal celebrates the 60th anniversary of its railway in Quebec’s North Shore

Iron-ore is this year’s hottest commodity on China-fuelled surge

By: Bloomberg     10th December 2020 A surge in demand in China, the world’s key growth engine, risks a shortage of iron-ore that’s pushed prices past $150 a ton and crowned it this year’s best-performing major commodity. Futures in Singapore have surged almost 70% this year, hitting their highest since trading started in 2013, as... 

Iron-ore is this year’s hottest commodity on China-fuelled surge

Anglo American appoints new nonexec director

By: Simone Liedtke     10th December 2020 Hilary Maxson will join the Anglo American board as a nonexecutive director and member of the audit committee with effect from June 1, 2021. “[Maxson] brings a combination of experience that aligns well with our business, spanning finance, the capital markets, energy and technology, gained across... 

Vale negotiating funds for Brumadinho disaster

By: Reuters     10th December 2020 Iron-ore miner Vale and the government of Brazil's Minas Gerais state are negotiating an agreement to settle damage claims stemming from the 2019 Brumadinho dam disaster involving the injection of billions of reais into funds to be managed by the state government. The talks on Wednesday focused... 

Robe Mesa to cost A$51m - CZR

By: Esmarie Iannucci     10th December 2020 A prefeasibility study (PFS) into the Robe Mesa iron-ore project, in the Pilbara, has estimated that the project would require a capital investment of A$51.1-million. ASX-listed CZR Resources noted that the study targeted a production rate of two-million tonnes a year of direct shipping ore... 

Australian miner expects robust demand for steel next year

By: Reuters     9th December 2020 Australia's Fortescue Metals Group expects iron-ore demand to be strong next year thanks to a solid Chinese steel market and post-pandemic recoveries in other countries, a senior company executive said on Wednesday. Iron ore prices soared this month towards $150 a tonne due to ongoing supply... 

Australian miner expects robust demand for steel next year

Interim report urges Rio to stop mining at Juukan Gorge

By: Esmarie Iannucci     9th December 2020 A Parliamentary inquiry into the destruction of the Juukan Gorge rock shelters in the Pilbara earlier this year, has urged miner Rio Tinto to commit to a moratorium on mining in the area. The caves were irreparably damaged during blasting operations that Rio conducted as part of its Brockman 4... 

Fortescue reaches milestone at Eliwana

By: Esmarie Iannucci     9th December 2020 Iron-ore miner Fortescue Metals has marked the first ore through its Eliwana ore processing facility, in Western Australia. CEO Elizabeth Gaines on Wednesday said that the Eliwana mine and rail project was the next important stage of development of Fortescue’s integrated operations. 

Mantashe enthused by third-quarter mining performance 

By: Donna Slater     8th December 2020 The third-quarter performance of South Africa’s mining sector is encouraging, says Mineral Resources and Energy Minister Gwede Mantashe, noting that “impressive growth” was recorded despite “difficult conditions” brought on by Covid-19. The sector grew at a yearly rate of 288.3% compared with the... 

Private chrome map launched to boost commodity insight 

By: Donna Slater     8th December 2020 In its pursuit to map mining districts around South Africa, and in the absence of any publicly available form of mining and prospecting cadastre, mining supply sales consultancy AmaranthCX has mapped the chrome mines and projects of the Bushveld Complex. In doing so, the company is continuing... 

Private chrome map launched to boost commodity insight
Photo by Creamer Media
AmaranthCX director and owner Paul Miller

Steinmetz to appear at Geneva trial next month to face corruption charges

By: Reuters     8th December 2020 Israeli billionaire Beny Steinmetz will appear in a Geneva court next month to defend himself against corruption and forgery charges in connection with mining contracts in Guinea, his lawyer told Reuters. Steinmetz was indicted in August 2019 by a Geneva prosecutor who accused him and two aides... 

Rosond to deliver last batch of new rigs to Kumba

By: Natasha Odendaal     7th December 2020 The final batch of 28 newly manufactured advanced drilling rigs under a R2-billion multiyear contract with mining services group Rosond is making its way to Anglo American-controlled Kumba Iron Ore in the Northern Cape, with expectations that the new range will be fully operational early in 2021.... 

Retiring Glasenberg handing over Glencore reins to Gary Nagle  

By: Martin Creamer     4th December 2020 Glencore CEO Ivan Glasenberg announced on Friday that he would be handing over the reins of the global mining and marketing company in mid-2021 to top Glencore executive Gary Nagle, who has served the company for more than two decades and is well-known in South Africa, where he ran Glencore’s... 

Retiring Glasenberg handing over Glencore reins to Gary Nagle
Gary Nagle, who will be taking over in mid-2021 from retiring Ivan Glasenberg, who has served Glencore with distinction.

Glencore spells out emission-reduction pathway to 2050 

By: Martin Creamer     4th December 2020 Diversified mining and marketing company Glencore on Friday announced its ambition to be a net-zero emissions company by 2050. Glencore set out the pathway towards reducing its total emissions footprint by 40% by 2035, taking in Scope 1, 2 and 3. 

Glencore spells out emission-reduction pathway to 2050
Photo by Bloomberg
Ivan Glasenberg, who is handing Glencore reins to Gary Nagle.

Kumba’s 2020 output to be at lower-end of guidance

By: Tasneem Bulbulia     4th December 2020 JSE-listed Kumba Iron Ore is finishing 2020 in good shape, despite the unique challenges of Covid-19, CEO Themba Mkhwanazi said on Friday, announcing an updated guidance for South Africa’s largest iron-ore producer. Mkhwanazi indicated that to ensure the value chain was balanced, and finished... 

Kumba’s 2020 output to be at lower-end of guidance
Kumba CEO Themba Mkhwanazi

Solid results, despite Covid-19

4th December 2020 Openpit mining company Afrimat released its interim results for the six months ending on August 31, in October. The group, which has built up a track record of “excellence in small-scale mining and materials supply”, delivered solid results despite the effects of the global Covid-19 pandemic. As... 

Stilted supply boosts price

By: Khutso Maphatsoe     4th December 2020 In the past year, the price of iron-ore has recovered quite well, mainly on the back of constrained supply in South America and the economic recovery in China, with the latter driving consumption, explains international commodities consultancy Core Consultants MD Lara Smith. She notes that there... 

Stilted supply boosts price
HEALTHY COMPETITION South Africa has competition from India, which is increasing its supplies to China.

Kumba’s sustainability drive fosters shared value

4th December 2020 Iron-ore producer Kumba Iron Ore presented its sustainability performance last month, as reported by Mining Weekly Online. At the time, Kumba CE Themba Mkhwanazi said: “Sustainability is at the heart of who we are at Kumba and core to what we do. We recognise that a sustainability mindset,... 

Kumba’s sustainability drive fosters shared value
THEMBA MKHWANAZI Sustainability is at the heart Kumba's activities

Chinese steel industry could jeopardise project

By: Khutso Maphatsoe     4th December 2020 The Chinese steel industry is close to peaking, as it is expected to exceed one-billion tons in 2020; consequently, analysts predict that iron-ore consumption in China will plateau and decline, owing to the abundance of scrap in the country. Commodities consultancy Roskill steel alloys principal... 

Chinese steel industry could jeopardise project
DROP IN THE OCEAN Covid-19 has had a small impact on the iron-ore market, with South Africa experiencing some disruption

Iron-ore sizzles as Vale's output guidance adds fuel to rally

By: Reuters     3rd December 2020 China's iron-ore benchmark scaled a record high on Thursday after miner Vale SA unveiled output targets that lagged forecasts, adding to concerns about weak seaborne supply. Iron ore on China's Dalian Commodity Exchange ended daytime trade up 1.7% at 937 yuan ($142.86) a tonne, near its peak of... 

Iron-ore sizzles as Vale's output guidance adds fuel to rally

Battery costs fall, make electric vehicles cheaper - BMI

By: Reuters     3rd December 2020 The cost of battery cells used for electric vehicles has fallen to an average of $110/kWh, making such cars competitive with those using internal combustion engines (ICE), according to Benchmark Mineral Intelligence (BMI). One barrier to a higher take up of electric vehicles has been the high... 

Battery costs fall, make electric vehicles cheaper - BMI
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