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Ferrous Metals News

C$500m Quebec iron-ore expansion gets go-ahead

By: Mariaan Webb     12th November 2020 The board of dual-listed Champion Iron has approved the completion of the Bloom Lake Phase 2 expansion project, paving the way for the doubling of the Quebec mine’s nameplate capacity to 15-million tons a year of high-grade iron-ore concentrate. The company would require an estimated... 

Mining output down 2.8% y/y in September

By: Creamer Media Reporter      12th November 2020 South Africa's mining production decreased by 2.8% year-on-year in September, with the iron-ore sector having made the largest negative contribution and diamonds the largest positive contribution. Seasonally adjusted mining production decreased by 0.3%  month-on-month in September. 

Guinea approves infrastructure plan for Simandou iron mine

By: Reuters     12th November 2020 Guinea's government approved on Thursday a basic agreement for a multi-national consortium to build a railroad and deepwater port to export minerals from the giant Simandou iron ore project. The consortium - which includes Singapore's Winning Shipping, Guinean mining logistics firm United... 

Guinea approves infrastructure plan for Simandou iron mine

Glencore tests market for self-generation solutions at chrome, vanadium operations  

By: Terence Creamer     12th November 2020 Mining group Glencore has issued a pre-qualifying tender for companies interested in supplying ‘alternative green’ electricity and storage solutions to its chrome and vanadium operations in South Africa. In the tender notice, Glencore Alloys states that the generation facilities should have a... 

Glencore tests market for self-generation solutions at chrome, vanadium operations

Newmont leads ESG ranking of mining companies with Rio last

By: Bloomberg     12th November 2020 With heavy industries in a race to prove their environmental and social credentials to increasingly demanding investors, mining took a small step backward last quarter. ESG perceptions of mining deteriorated slightly, with the most negativity coming from community relations and human rights,... 

Newmont leads ESG ranking of mining companies with Rio last

Kumba mulls solar, green hydrogen potential in sustainability drive  

By: Marleny Arnoldi     11th November 2020 Like the rest of the Anglo American group, iron-ore miner Kumba is developing solar energy generation capacity and is investigating green hydrogen as a renewable energy source for mining activities. Presenting on the highlights of the company's sustainability report, which follows on the... 

Kumba mulls solar, green hydrogen potential in sustainability drive
Kumba CEO Themba Mkhwanazi

Fortescue plans global green energy drive

By: Reuters     11th November 2020 Australian mining magnate Andrew Forrest outlined ambitious plans on Wednesday to build a renewable energy business, aiming to compete with oil giants to provide low-cost green energy globally. Billionaire Forrest, who turned Fortescue Metals Group over two decades into the world's... 

Fortescue plans global green energy drive
Australian mining magnate Andrew Forrest

Nigerian billionaire plans to dig platinum mine in Zimbabwe

By: Bloomberg     11th November 2020 Bravura Holdings, owned by Nigerian billionaire Benedict Peters, has $1-billion available for the development of a platinum mine in Zimbabwe, its country manager said. The 3 000 ha concession where it plans to dig the mine is in Selous, 80 km south of Zimbabwe’s capital Harare and close to... 

West African court finds Guinea responsible for 2012 mine site killings

By: Reuters     11th November 2020 West Africa's top court held Guinea responsible on Tuesday for the killing of six villagers and the illegal arrest, injury or torture of 15 others during a protest near an iron-ore mine project owned by Brazil's Vale and an Israeli billionaire. The Economic Community of West African States... 

Platinum-linked green hydrogen economy right for Africa, says project manager  

By: Martin Creamer     10th November 2020 The long value chain of green hydrogen economy has the potential to create a multiplicity of jobs and open up the market for investment possibilities for the Southern African region into what is expected to become a multi-trillion-dollar global decarbonisation market. Forschungszentrum Jülich... 

Platinum-linked green hydrogen economy right for Africa, says project manager
Mining Weekly’s Martin Creamer is given update on platinum-linked green hydrogen. Video: Darlene Creamer.

Anglo procures LNG-fuelled Capesize vessels to transport iron-ore 

By: Marleny Arnoldi     10th November 2020 Diversified miner Anglo American has awarded a ten-year charter contract for four liquefied natural gas- (LNG-) fuelled Capesize vessels to transport the company’s iron-ore to international customers. This introduces LNG into Anglo’s chartered fleet for the first time.  

Jubilee achieves record full-year PGM production

By: Donna Slater     10th November 2020 Aim- and AltX-listed metals processing company Jubilee Metals Group’s total revenue for the financial year ended June 30 increased by 132%, to R1.1-billion. The company, which has chrome and platinum group metals (PGM) operations in South Africa and a lead, zinc and vanadium project in Zambia,... 

Fortescue inks iron-ore MoUs

By: Esmarie Iannucci     10th November 2020 Iron-ore miner Fortescue Metals has inked between $3-billion and $4-billion worth of memoranda of understanding (MoUs) with Chinese steel mills, procurement partners and financial institutions. The company this week revealed that it had signed 12 MoUs with long-term partner and major shareholder... 

Fortescue inks iron-ore MoUs

Former Sishen COO takes helm at ArcelorMittal Canada

By: Mariaan Webb     10th November 2020 Steel and iron-ore major ArcelorMittal Canada has appointed Mapi Mobwano, who has worked in the South African mining industry for two decades, as president and CEO. Before joining ArcelorMittal as GM and COO in July last year, Mobwano was COO of Anglo American’s Sishen iron-ore mine, in the... 

Former Sishen COO takes helm at ArcelorMittal Canada
Mapi Mobwano says he will work to make ArcelorMittal Canada a 'global reference in the mining industry'.

Transnet completes upgrades on tippler at Richards Bay port

By: Marleny Arnoldi     9th November 2020 Transnet Port Terminals reports that maintenance work and upgrades on Tippler 2 at the Richards Bay bulk terminal have been completed. The second tippler's capacity has thus increased from 74 t wagons to 90 t wagons, with an ability to handle 18 wagons an hour.  

Ferrochrome commits to 750 MW self-generation, junior mining support

By: Martin Creamer     9th November 2020 South Africa’s struggling ferrochrome industry has committed itself to far-reaching efficiencies and competitiveness initiatives, including the self-generation of 750 MW of wind, solar and cogenerated power, support of junior mining development and the encouragement of local coking coal... 

Ferrochrome commits to 750 MW self-generation, junior mining support
Photo by Creamer Media
Struggling South African ferrochrome industry commits to competitiveness programme.

English judge blocks £5bn Brazil lawsuit against BHP over burst dam

By: Reuters     9th November 2020 A £5-billion English lawsuit against Anglo-Australian mining giant BHP has been blocked, in a blow to a 200000-strong Brazilian claimant group, seeking damages after a devastating dam failure in 2015. A High Court judge in Manchester, northwestern England, struck out the largest group claim in... 

Brazil's Vale to launch WeChat platform for iron-ore spot sales in yuan

By: Reuters     9th November 2020 Brazilian miner Vale said on Monday it plans to launch an iron-ore spot trading platform on Chinese mobile app WeChat with the Beijing Iron Ore Trading Center Corporation (Corex) in early 2021 to facilitate yuan-denominated transactions. Vale said it would be able to streamline and speed up its... 

Battery metals beneficiation holds ‘enormous potential’ for South Africa 

By: Simone Liedtke     6th November 2020 There is “enormous potential” for South Africa, should the country pursue green industrialisation and its manufacturing sector invest in the beneficiation of battery metals and the manufacture of various green products, such as electric vehicles (EVs), Department of Trade, Industry and... 

Beowulf launches capital raising

By: Creamer Media Reporter      6th November 2020 London-listed Beowulf Mining has announced it will raise about £7.3-million to advance its portfolio of assets in Sweden, Finland and Kosovo. The company will conduct an open offer of up to 225 841 752 new ordinary shares to qualifying shareholders at 3.16p a share on a pre-emptive basis to... 

Gudai-Darri airport takes flight

By: Esmarie Iannucci     6th November 2020 Construction at mining major Rio Tinto’s $2.6-billion Gudai-Darri iron-ore project, in the Pilbara, is progressing well, with the company cutting the ribbon at the project’s airport. Gudai-Darri, previously known as the Koodiaderi mine, will be the company’s first intelligent mine, incorporating... 

Up to 30% of chrome ore exports to China can be displaced if export tax proceeds, says consultancy  

By: Marleny Arnoldi     5th November 2020 Further to a statement released earlier this week, chrome producer organisation ChromeSA has explained the evidential rationale behind its dismay at Cabinet’s proposed export tax on chrome ore. Cabinet on October 22 released a statement in which it said it approves of measures to support the... 

Up to 30% of chrome ore exports to China can be displaced if export tax proceeds, says consultancy

Resources Watch  

4th November 2020 Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration; Struggling ferrochrome needs chrome export tax as interim measure; And, Profitable circular economy concepts making future potentially bright for coal miners 

Resources Watch
Resources Watch

Hancock profits soar to A$4bn

By: Esmarie Iannucci     4th November 2020 Iron-ore miner Hancock Prospecting has reported a A$4-billion net profit after tax for the full 2020 financial year, up from the A$2.6-billion reported in 2019. The miner this week revealed that revenue from iron-ore sales increased to A$10.5-billion in the 2020 financial year, up from... 

ChromeSA says proposed export tax will not bode well for local producers 

By: Marleny Arnoldi     3rd November 2020 Industry organisation ChromeSA says the proposed chrome ore export tax would have a devastating impact on primary and upper group two (UG2) chrome producers, given that they sell the bulk of their production for export. Cabinet earlier this month approved measures to support the domestic... 

Saldanha Terminal acquires another dust suppressor  

By: Tasneem Bulbulia     3rd November 2020 Transnet Port Terminals' (TPT's) Iron Ore Saldanha Terminal has acquired and commissioned an additional machine to suppress dust. The investment is aimed at protecting the environment and complements the existing dust suppression tools already on site, TPT says. 

Exploration is priority, says Mineral Resources Minister Gwede Mantashe  

By: Martin Creamer     3rd November 2020 South Africa should be an exploration site that contributes to gross domestic product growth and employment creation. “Exploration is the way to go and a priority,” Mineral Resources and Energy Minister Gwede Mantashe told the 2020 Junior Indaba in his keynote address on Tuesday. (Also watch... 

Exploration is priority, says Mineral Resources Minister Gwede Mantashe
The Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Rockfall reported at Koolan Island

By: Esmarie Iannucci     3rd November 2020 Iron-ore miner Mount Gibson Iron has reported a rockfall at its Koolan Island mine, in Western Australia. The company on Tuesday noted that the rockfall occurred in a localized section of the western end footwall of the main pit, and did not result in either injuries or damage to equipment. 

Flow-through must not only incentivise exploration but also market participation – Miller 

By: Martin Creamer     2nd November 2020 A flow-through share scheme tax incentive, currently under consideration for South Africa, must serve to incentivise not only exploration but also public listed market development and market participation by a diversity of investors. Mining supply sales consultancy AmaranthCX director Paul Miller... 

Flow-through must not only incentivise exploration but also market participation – Miller
Photo by Creamer Media
Mining supply sales consultancy AmaranthCX director Paul Miller

Giyani starts resource upgrading work on K.Hill prospect

By: Marleny Arnoldi     2nd November 2020 TSX-V-listed Giyani Metals Corporation has started with an infill drill programme at the K.Hill manganese project, in Botswana. The aim of the programme is to upgrade the current inferred mineral resource at the project to indicated mineral resources. 

Glencore lowers coal production guidance as strike at Cerrejón continues 

By: Tasneem Bulbulia     30th October 2020 Multinational commodity company Glencore delivered a solid third-quarter operating performance, including the continued successful ramp-up of Katanga, in the Democratic Republic of Congo, which remains on track to achieve design capacity by year-end, CEO Ivan Glasenberg said on October 30. “Our... 

Glencore lowers coal production guidance as strike at Cerrejón continues
Ivan Glasenberg

Beowulf notes progress with its seven-years-and-counting application for Kallak

By: Marleny Arnoldi     30th October 2020 Aim-listed Beowulf is still awaiting the award of an exploitation concession from the Swedish Ministry of Enterprise and Innovation and Constitutional Committee for the Kallak North area, since its initial application in 2013. The company says is has learnt that the Ministry has advised the... 

Labrador going full speed ahead with Houston development

By: Marleny Arnoldi     30th October 2020 Canadian miner Labrador Iron Mines (LIM) is progressing work on Stage 2 of its planned direct shipping ore mining operations, which involves the development of the Houston project, in Labrador, Quebec. LIM chairperson and CEO John Kearney says this decision came in light of persistently... 

Ferrochrome, flow-through scheme, Sumitomo make headlines  

30th October 2020 Mining Weekly Editor Martin Creamer unpacks the Ferrochrome industry's need for an interim measure to be competitive, the flow-through share model that has been drawn up for exploration and Sumitomo becoming the latest investor in partnership with AP Ventures.   

Ferrochrome, flow-through scheme, Sumitomo make headlines
Ferrochrome, flow-through scheme, Sumitomo make headlines

Brazil prosecutors file appeal against BHP, Vale dam compensation deal

By: Reuters     30th October 2020 Brazilian federal prosecutors on Thursday filed a lawsuit contesting a compensation package for victims from a 2015 collapsed dam jointly owned by mining giants BHP and Vale, arguing that the package is far too low. The move comes after prosecutors earlier this month accused the two companies of... 

Vale expects stronger fourth-quarter iron-ore sales

By: Reuters     29th October 2020 Brazilian miner Vale SA has recovered its iron ore inventories in the third quarter and will reduce the gap between production and sales in the coming months, potentially bringing relief to a tight global supply for the key steel-making ingredient, company executives said on a Thursday. In a call... 

Lac Doré among the world's largest undeveloped deposits

By: Creamer Media Reporter      29th October 2020 TSX-V-listed VanadiumCorp Resource has published the results of a mineral resource estimate for its flagship Lac Doré vanadium project, in Quebec, which it says is one of the largest undeveloped deposits of vanadiferous magnetite in the world, with in excess of 1.4-billion pounds of vanadium... 

Afrimat's diversification strategy paying off  

By: Marleny Arnoldi     29th October 2020 Openpit miner Afrimat reported an 11% year-on-year increase in operating profit for the six months ended August 31, despite a 9.4% year-on-year decrease in revenue. The company also ended the period with cash and cash equivalents of R330-million, a 170% year-on-year increase. 

Afrimat's diversification strategy paying off
Afrimat CEO Andries van Heerden shares how the company's diversification strategy has made it more resilient
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