R/€ = 17.7611 Change: -0.0638
R/$ = 17.1415 Change: 0.0421
Au 1741.96 $/oz Change: -16.29
Pt 992.00 $/oz Change: 8.00

Iron Ore News

R4-trillion needed for South Africa’s hydrogen economy, PIC declares 

By: Martin Creamer     Updated 5 hours ago South Africa’s State-owned Public Investment Corporation (PIC) stated on Monday that more than R4.3-trillion is required for the development of the hydrogen economy, which it declared positive for people, planet, and client portfolios. The hydrogen investment strategy of the PIC, which has... 

Transnet auction fails to attract private sector

By: News24Wire      28th November 2022 On Friday, Transnet Freight Rail (TFR) announced that only two companies had participated in its much-anticipated auction of slots to private players, the company's first foray into allowing private participation on the rail network.  The only bid made for the Cape Corridor's Kroonstad to East... 

A photo of railway tracks

South Africa’s mining market is dynamic and fast-moving, Siemens Large Drives finds  

By: Martin Creamer     25th November 2022 South Africa is a super dynamic and super fast-moving market, says Siemens Large Drives global solutions head Oliver Beck, who has just completed a week of discussions with customers to highlight sustainability solutions for mining. From his perspective, South African mining economy is at the... 

Siemens Large Drives global solutions head Oliver Beck.
Siemens Large Drives' Oliver Beck, Tim Walwyn talk to Mining Weekly's Martin Creamer. Video: Nicholas Boyd, Shadwyn Dickinson. Video Editing: Darlene Creamer. Pictures: Donna Slater.

TFR concludes ten-day maintenance programme on Sishen-Saldanha line

By: Marleny Arnoldi     25th November 2022 Rail operator Transnet Freight Rail (TFR) has successfully completed a ten-day maintenance plan on its Sishen-Saldanha iron-ore corridor. The maintenance involved electrical, perway and technical support works from November 8 to 17, where the main deliverable was to restore the rail network to... 

South Africa’s crime crisis ruling out economic growth, sustainability discussion hears 

By: Martin Creamer     23rd November 2022 South Africa’s economic paradox is that it cannot grow economically if it has a burgeoning crime crisis but it is unable to solve the burgeoning crime crisis if it is not growing. That was the opening comment of outgoing Mineral Council South Africa CEO Roger Baxter, who anchored the second of... 

Roger Baxter.
Roger Baxter.

ZIOC proposes acquiring Glencore’s shareholding in Zanaga

By: Tasneem Bulbulia     23rd November 2022 Aim-listed Zanaga Iron Ore Company (ZIOC) has reached an agreement with Glencore subsidiary, Glencore Projects, for the acquisition of its controlling shareholding in the Zanaga iron-ore project, in Congo-Brazzaville. This is through the purchase of Glencore Projects’ 50% plus one share interest... 

Rio proves low-carbon iron-making process

By: Esmarie Iannucci     23rd November 2022 Diversified miner Rio Tinto this week said that it has proven the effectiveness of its low-carbon iron-making process using ores from its mines in Australia in a small-scale pilot plant in Germany. The company is now planning the development of a larger-scale pilot plant to further assess its... 

Groundbreaking for R1bn fuel cell factory set for first quarter of 2023 

By: Martin Creamer     22nd November 2022 A bankable feasibility study has opened the way for the building of a factory for the local manufacture of fuel cells that are designed to provide low-carbon electricity to decentralised users at affordable prices throughout the African continent. Innovative South African Mitochondria Energy... 

Mitochondria founder and CEO Mashudu Ramano (right) interviewed by Martin Creamer (left).
Photo by Creamer Media
Mitochondria founder and CEO Mashudu Ramano (right) interviewed by Martin Creamer (left).

Platinum moving into meaningful deficit amid emergent source of new end-demand 

By: Martin Creamer     22nd November 2022 Platinum is moving into meaningful deficit amid an emergent source of new end-demand in the form of green hydrogen. The 2022 surplus of 804 000 oz is projected to move into a deficit of 303 000 oz in 2023, according to the Platinum Quarterly of the World Platinum Investment Council (WPIC) for the... 

World Platinum Investment Council director of research Edward Sterck.
World Platinum Investment Council Director of Research Edward Sterck interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

India scraps export tax on low-grade iron-ore, some steel intermediates

By: Reuters     21st November 2022 India scrapped export taxes on low-grade iron-ore and on some intermediate steel products beginning Saturday, after months of complaints from miners and steel makers about loss of foreign sales opportunities. The move, set out in a notification issued late on Friday, reverses the imposition in... 

India scraps export tax on low-grade iron-ore, some steel intermediates

Union ‘deeply disappointed’ with federal rejection of Baffinland expansion

By: Mariaan Webb     21st November 2022 The union representing about 1 000 employees at the Mary River mine on Baffin Island, Nunavut, has expressed its “deep disappointment” with the federal government’s rejection of an expansion proposal for the mine. The International Union of Operating Engineers, Local 739, business manager Mike... 

Minister cans Mary River mine expansion

By: Mariaan Webb     18th November 2022 Iron-ore mining company Baffinland Iron Mines CEO Brian Penney on Thursday expressed the company’s disappointment by Northern Affairs Minister Dan Vandal’s rejection of the Phase 2 expansion of the Mary River mine, in Nunavut. His comments followed the federal government’s decision on Wednesday... 

Minister cans Mary River mine expansion

AI improves productivity

By: Leah Shelene Asaram     18th November 2022 The iron-ore mining sector continues to develop and enhance its productivity by introducing various types of sensors and information-capturing devices throughout the value chain to reduce production time and ensure fewer project interruptions. The devices achieve these goals using artificial... 

An image of Stone Three’s team observing the PSA
Photo by Stone Three
DETECT AND EXTRACT The particle size analyser can be used to prevent the truck from tipping, in the event of oversize material, or to examine the mining performance

Insufficient capacity impedes sustainability

By: Leah Shelene Asaram     18th November 2022 The future of iron-ore as a commodity remains good, as demand should stay relatively stable, but for junior and midtier miners the future appears limited, owing to the lack of logistics capacity to export iron-ore via the current iron export channel, says JSE-listed mining and materials company... 

An image of Afrimat’s Demaneng mine
Photo by Afrimat
IRONS IN THE FIRE Afrimat selectively acquires Junior miners’ product to improve its product quality and volume when needed

Australian iron-ore magnate commits $500m for Ukrainian reconstruction fund

By: Reuters     17th November 2022 Australian iron-ore magnate Andrew Forrest announced on Thursday a $500-million commitment towards the launch of a $25-billion international investment fund designed to help Ukraine rebuild after Russia's invasion. The Ukraine Green Growth Initiative will focus on building out infrastructure... 

Image shows a smiling Andrew Forrest

Top green hydrogen/fuel cell collaboration boost for platinum-group metals 

By: Martin Creamer     16th November 2022 A joint development agreement struck between global majors Nel Hydrogen US and General Motors is expected to speed up the development of green hydrogen technology that is competitive with fossil fuels.  The aim of agreement is to help accelerate the industrialisation of Nel’s proton exchange... 

Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.
Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.

BHP, Rio and Fortescue launch 'good behaviour' pilot

By: Esmarie Iannucci     15th November 2022 Majors Rio Tinto, BHP and Fortescue have launced a pilot programme aimed at eliminating disrespectful behaviour in the resources industry including sexual harassment, bullying and racism. The three companies in October last year formed a partnership as part of their combined response to reports... 

FFI looks at green energy solutions in Indonesia

By: Esmarie Iannucci     14th November 2022 Iron-ore major Fortescue’s green energy arm, Fortescue Future Industries (FFI) will partner with Indonesian steel major Gunung Steel Group subsidiary PT Gunung Raja Paksi Tbk (GRP) to investigate how green hydrogen and green ammonia supplied by FFI could be used to help decarbonise GRP’s... 

South Africa's mining output contracts again, but mineral sales accelerate

By: Creamer Media Reporter      10th November 2022 South Africa's mining production contracted by 4.5% year-on-year in September. The largest negative contributors were iron-ore (-23.1% and contributing -2.7 percentage points) and gold (-12.4% and contributing -2.1 percentage points). 

Mining Indaba to welcome more delegates, new features in 2023

By: Sabrina Jardim     9th November 2022 Next year’s Investing in Africa Mining Indaba – to be held at the Cape Town International Convention Centre from February 6 to 9 – will operate at full capacity, as all Covid-19 restrictions have been lifted. During a media briefing on November 9, portfolio director for the Indaba Simon Ford said... 

Simon Ford
Photo by Creamer Media's Donna Slater
Simon Ford

TFR starts ten-day ore corridor maintenance programme

By: Schalk Burger     9th November 2022 State-owned Transnet Freight Rail (TFR) on November 8 started its ten-day maintenance across electrical, perway and technical support on the 861 km Ore Corridor, from Sishen in the Northern Cape to the Port of Saldanha in the Western Cape. The maintenance work will involve replacing old and... 

World’s carbon dioxide hotspots pinpointed by Al Gore-backed climate project

By: Bloomberg     9th November 2022 A consortium of dozens of research nonprofits on Wednesday launched a free online platform that details greenhouse gas emissions around the world across 20 economic sectors. Climate Trace, which can be viewed on a web browser, includes a zoomable world map that displays and ranks the dirtiest 72... 

Al Gore addressing delegates at COP27
Photo by Bloomberg
Al Gore addressing delegates at COP27

Investment needed for outgoing coal, incoming renewables, impacted communities, Mapungubwe highlights 

By: Martin Creamer     8th November 2022 With South Africa having committed to transition away from coal, investments will not only be required for the retiring of coal plants and the ramping up of renewable energy, but also for coal communities, who will require alternative economic development plans to sustain the livelihoods of all... 

President Cyril Ramaphosa arriving in Egypt for COP27.
President Cyril Ramaphosa arriving in Egypt for COP27.

Arena backs Calix's green steel play

By: Esmarie Iannucci     8th November 2022 The Australian Renewable Energy Agency (Arena) has announced A$947 035 in funding to ASX-listed Calix to evaluate the feasibility of a low emissions method for reducing iron. A A$1.96-million pre-front end engineering and design (pre-FEED) and FEED study will scope the design for a proposed... 

Tsodilo initiates legal action against Botswana Ministry

By: Tasneem Bulbulia     7th November 2022 International diamond and metals exploration company Tsodilo Resources on October 31 initiated litigation against the Botswana Ministry of Mineral Resources, Green Technology and Energy Security in connection with the licence renewal process for the Xaudum iron formation project. The company says... 

High commodity prices led to record tax - ATO

By: Esmarie Iannucci     3rd November 2022 Data released by the Australian Taxation Office (ATO) on Thursday showed that large corporations in Australia pad some $68-billion in income tax in 2020-21, the highest since reporting started. High commodity prices were the key drivers of the increase in corporate tax payments, the ATO said,... 

Migration needed to fill skills gap - Australia Minister

By: Esmarie Iannucci     3rd November 2022 Both skilled and unskilled migration into Australia would form a part in breaching the massive skills gap facing Australia, Resources Minister Madeleine King said on Thursday. Speaking on the sidelines of the the International Mining and Resources Conference (IMARC) in Sydney, King noted that... 

Sinosteel says Australian govt scaring off Chinese money

By: Bloomberg     2nd November 2022 Sinosteel says deteriorating China-Australia relations and the Australian government’s approach to foreign ownership is frightening off Chinese investment in the country. “For Chinese investors, because the bilateral relationship in the past few years was not as good as before, there’s a big... 

An image of an iron ore mine

Vale to study implementing 'mega hubs' in Middle East countries

By: Reuters     1st November 2022 Brazilian miner Vale said on Tuesday it has signed agreements with local authorities and clients to look at developing so-called "mega hubs" in Saudi Arabia, the United Arab Emirates and Oman. The mining giant said in a securities filing that the industrial complexes in the Middle East would be... 

Ferrexpo partially resumes production in Ukraine

By: Creamer Media Reporter      1st November 2022 LSE-listed Ferrexpo has partially resumed production activities at its operations in central Ukraine, the iron-ore pellet producer announced on Tuesday. The company suspended production in October, following Russian missile strikes on State-owned electrical infrastructure. 

Green hydrogen truck trials going well – Anglo 

By: Martin Creamer     1st November 2022 The 500 t world-first haulage truck powered by green hydrogen last week underwent fully loaded trialling that included tipping into the crusher at Anglo American Platinum's Mogalakwena platinum group metals mine in Limpopo. “The trials all went well,” Anglo American group technical director Tony... 

Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.
Photo by Creamer Media
Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.

Anglo updates on decarbonisation, biodiversity, responsible mining  

By: Martin Creamer     31st October 2022 Decarbonisation, net positive biodiversity, and progress towards assuring all operations against recognised responsible mining standards are addressed in Anglo American’s twice-yearly sustainability performance update, which was presented on Monday. Recognising that many of the metals and... 

Anglo American CEO Duncan Wanblad.
Anglo American sustainability report covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Iron Bridge reaches major milestone

By: Esmarie Iannucci     31st October 2022 First ore from iron major Fortescue Metals’ Iron Bridge magnetite project, in the Pilbara, has been fed into its processing plant, with first production anticipated in the March quarter of next year. The $3-billion project will deliver 22-million tonnes a year of high grade 67% iron magnetite... 

Image shows raw iron-ore

Afrimat's interim earnings decrease, but diversification, efficiency improvements continue

By: Darren Parker     28th October 2022 Midtier mining company Afrimat reported a 14.5% decrease in headline earnings a share to 252.2c for the six months ended August 31. The Afrimat board declared an interim gross dividend of 40c a share – on par with the previous comparable period. 

Vale Q3 net beats estimates, helped by forex gains

By: Reuters     28th October 2022 Brazilian miner Vale's  third-quarter profit fell by nearly a fifth but still beat analyst forecasts as financial gains largely offset a sharp decline in iron ore prices, it said on Thursday. Vale, one of the world's largest iron-ore miners, posted net income of $4.45-billion, or 98 cents a... 

New start-up intent on improving pit-to-port turnaround times  

By: Martin Creamer     27th October 2022 Three women who have been in logistics collectively for more than 30 years have formed a company intent on helping to smooth out rail and port logistics in the Southern African region. The three are Nosipho Damasane, Nyameka Madikizela and Ncumisa Dube, who have formed Indlela Connections. (Also... 

Indlela Connections chairperson Nosipho Damasane.
Indlela chairperson Nosipho Damasane and CEO Nyameka Madikizela talk to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Iron-ore collapses to lowest since 2020 as demand suffers

By: Bloomberg     27th October 2022 Iron-ore extended its rout to the lowest level in more than two years on mounting concerns over global steel demand. The steel-making ingredient hit $82.45 a ton in Singapore on Thursday, its lowest since May 2020. Prices have fallen more than 50% from a peak in March. 

An image of The Saldanha Bay iron-ore export terminal in South Africa
The Saldanha Bay iron-ore export terminal in South Africa

ArcelorMittal, BHP and Mitsubishi partner on green steel

By: Esmarie Iannucci     27th October 2022 Diversified giant BHP has joined forces with steel major ArcelorMittal and Mitsubishi Heavy Industries Engineering (MHIENG) to collaborate on a multi-year trial of MHIENG’s carbon capture technology with ArcelorMittal, following the signing of a funding agreement between the parties. The... 

ArcelorMittal, BHP and Mitsubishi partner on green steel
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