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Iron Ore News

Strike reports maiden resource at Paulsens East

By: Esmarie Iannucci     15th July 2019 Iron-ore hopeful Strike Resources has reported a maiden Joint Ore Reserves Committee (Jorc) compliant resource of 9.1-million tones, at 63.4% iron, at its Paulsens East iron-ore project, in the Pilbara. The ASX-listed company told shareholders that the mineral resource estimated a near 3-km long... 

WA govt backs BHP's long-term iron-ore expansion plans

By: Esmarie Iannucci     12th July 2019 The Western Australian government has approved mining major BHP’s long-term plans for its Pilbara iron-ore operations, which includes a potential 11 more iron-ore projects over the next 50 to 100 years. BHP's 'Pilbara Expansion Strategic Proposal' details a cumulative picture of the miner's... 

WA govt backs BHP's long-term iron-ore expansion plans

Company service offering geared for juniors

By: Mamaili Mamaila     12th July 2019 While mining majors often have in-house exploration experience, juniors lack this experience and thus engineering consulting company SRK Exploration Services (ES) is increasingly providing advisory services, from strategic to operational guidance, to juniors, says SRK ES Johannesburg branch... 

Company service offering geared for juniors
JOHN PAUL HUNT Without junior mining companies understanding the uncertainty that the data might reflect, there is a risk of making suboptimum business decisions

Brazil court convicts Vale for damages caused by deadly dam rupture

By: Reuters     10th July 2019 A Brazilian state judge on Tuesday convicted mining company Vale for damages caused by the deadly rupture of a tailings dam in January that killed at least 240 people. Judge Elton Pupo Nogueira ruled that Vale is responsible for fixing all the damages, although he did not set a monetary value... 

Brazil to auction mining rights for about 1 000 areas this year – regulator

By: Reuters     9th July 2019 Brazil plans to put about 1 000 mining areas up for auction this year including areas containing gold, copper and iron-ore, a director of the country's National Mining Agency (ANM) told Reuters on Monday. ANM had initially planned to start auctioning off the areas in the first half of 2019, but... 

Beowulf CEO outlines three-step plan for Kallak

By: Mariaan Webb     8th July 2019 Nordic-focused explorer and developer Beowulf Mining CEO Kurt Budge has used the Almedalen political week in Visby, Sweden, to outline a three-step plan for advancing the Kallak project, should the company be granted a concession. Whereas previous presentations at Sweden’s yearly political... 

Beowulf CEO outlines three-step plan for Kallak
A file photo of a drill rig operating at Kallak, in Sweden.

Fortescue breaks ground on $1.25bn Pilbara mine

By: Esmarie Iannucci     8th July 2019 Iron-ore miner Fortescue Metals has turned the first sod at its $1.25-billion Eliwana mine and rail project, in the Pilbara. “This is a proud day for Fortescue as we celebrate the largest project since the Kings Valley mine in 2014,” Fortescue chairperson and founder Andrew Forrest said on Friday. 

Sundance signs new agreement with AustSino

By: Esmarie Iannucci     8th July 2019 Iron-ore hopeful Sundance Resources has inked a new agreement with ASX-listed AustSino and its noteholders, as uncertainty around the reinstatement of the Mbalam Convention with the Cameroon government, remains. Under a previous agreement struck between the Parties, AustSino originally agreed... 

Ferrexpo lifts first-half production by 5% y/y

By: Nadine James     5th July 2019 Swiss-based Ferrexpo increased its iron-ore pellet production for the second quarter by 11% quarter-on-quarter to 2.8-million tonnes. Half-year production was up 5% year-on-year to 5.4-million tonnes.   

Jambreiro PFS proves up for Centaurus

By: Esmarie Iannucci     5th July 2019 A prefeasibility study (PFS) into the Jambreiro iron-ore project, in Brazil, has estimated that the project would require a capital investment of A$59.8-million. ASX-listed Centaurus Metals on Friday noted that the one-million-tonne-a-year operations is expected to have an initial mine life of 18... 

Chile mine conversions provide opportunities

By: Cameron Mackay     5th July 2019 The conversion of certain large openpit mining operations to underground operations, in Chile, will provide significant opportunities for minerals processing equipment supplier Multotec to expand further into the mining sector in South America. “We see the outlook for the mining sector in South... 

Chile mine conversions provide opportunities
SOUTH AMERICAN EXPANSIONS Multotec’s strategy is to align itself with the key mining industries in every country in which it operates

South American mining holds promise despite challenges

By: Cameron Mackay     5th July 2019 Investment in mining projects in South America is expected to continue, despite political and infrastructural challenges in key mining country economies, says international commodities consultancy Core Consultants MD Lara Smith. “Vast natural resources and relatively low labour costs make the... 

South American mining holds promise despite challenges
LARA SMITH Core Consultants is aware of a number of investors who have chosen to invest solely in South America, particularly in gold and lithium assets

ArcelorMittal removes 30 families from area close to dam in Brazil

By: Reuters     4th July 2019 The Brazilian unit of steel group ArcelorMittal moved 30 families from their houses near its Serra Azul mine in the town of Itatiaiuçu, Minas Gerais state, as a precautionary action after it ran a new risk evaluation of a dam close to the mine. The company said on Thursday that there was no... 

Iron-ore 'disconnected from fundamentals' after huge rally

By: Bloomberg     4th July 2019 First, iron-ore hit $100 a ton, then it raced straight to $110, and now spot prices are well north of $120: the commodity’s rally has been so strong it’s triggering warnings that the gains have taken the market beyond fundamental drivers and prices are likely set for a pullback. Futures tanked.... 

Gindalbie shareholders back Ansteel deal

By: Esmarie Iannucci     4th July 2019 The shareholders of Gindalbie Metals have voted in favour of a takeover offer from shareholder Ansteel. The 2.6c a share takeover offer from Ansteel was announced in March this year, allowing simultaneous plans to demerge Gindalbie’s subsidiary Coda Minerals, which holds the rights to a... 

Brazil mining trade group slams Senate royalty proposals

By: Reuters     4th July 2019 An association of Brazilian mining companies on Wednesday criticized some proposals made a day earlier by a Senate committee that spent months investigating the collapse of one of Vale's tailings dams. In a 400-page report, the Senate panel looking into the January disaster proposed a ban on new... 

Brazil mining trade group slams Senate royalty proposals

Vale CFO should face criminal indictment for dam, panel says

By: Bloomberg     2nd July 2019 A Brazilian Senate committee is expected to recommend that 12 current and former executives of Vale , including CFO Luciano Siani and former CEO Fabio Schvartsman, face criminal indictments for a fatal dam disaster in January. The rapporteur of the committee proposed the indictments Tuesday after... 

Vale CFO should face criminal indictment for dam, panel says
Photo by Bloomberg
Vale CFO Luciano Siani

Iron-ore drives Australian resource export earnings to a record A$275bn

By: Esmarie Iannucci     1st July 2019 Higher iron-ore prices have helped to drive Australia’s resource export earnings to a record A$275-billion in the 2018/19 financial year, with export earnings expected to hit A$285-billion in 2019/20, data from the latest Resources and Energy Quarterly shows. Chief economist Mark Cully on Monday... 

Iron-ore drives Australian resource export earnings to a record A$275bn

Indian iron-ore market dichotomy of rising imports, rising domestic production

By: Ajoy K Das     28th June 2019 A dichotomy in Indian iron-ore production/supply dynamics has emerged with the government claiming no shortage of the steelmaking raw material, while imports surge at the same time. In a statement before Parliament, Mines Minister Pralhad Joshi said: “There is no shortage of iron-ore in the... 

Indicator paste takes care of nuts and bolts in mining

By: Jessica Oosthuizen     28th June 2019 There is significant interest from the local mining community in bearings and accessories distributor Bearings International’s (BI’s) Dykem cross-check torque seal, and company sales at BI branches in mining areas are increasing monthly, says BI offer marketing manager Victor Strobel. The... 

Indicator paste  takes care of nuts  and bolts in mining
VICTOR STROBEL It is essential to be on the lookout for loose bolts and nuts when servicing equipment or carrying out routine maintenance to prioritise safety and reduce downtime

ZIOC preparing to capitalise on improved iron-ore environment

By: Tasneem Bulbulia     27th June 2019 Aim-listed Zanaga Iron Ore Company (ZIOC) had made considerable progress at its Zanaga iron project, in Congo-Brazzaville in 2018. Reporting on the company’s results for the year ended December 31, 2018, on Thursday, ZIOC stated that the environment for tier one iron-ore projects had also... 

Ansteel won't alter Gindalbie offer

By: Esmarie Iannucci     27th June 2019 Suitor Ansteel has told ASX-listed Gindalbie Metals that it would not be increasing its offer for the company. Gindalbie in March announced a 2.6c a share takeover offer from Ansteel, which already holds a major interest in the company. 

Fortscue celebrates opening of Judith Street Harbour

By: Esmarie Iannucci     27th June 2019 Iron-ore major Fortescue Metals on Thursday marked a major milestone with the completion of its fleet of tugs and its towage infrastructure at the Herb Elliott port, in Port Hedland. Tug operations from the port are expected to start next month. “As Australia’s economic and industrial gateway... 

Fortscue celebrates opening of Judith Street Harbour
Photo by Bloomberg
Fortescue chairperson Andrew Forrest

‘Platinum Valley’ SEZ in three months – Patel 

By: Martin Creamer     26th June 2019 The legal entity for the Bojanala Platinum Valley Special Economic Zone (SEZ) in North West, which already has an investment pipeline in place, will be set up in the next three months, Trade and Industry Minister Ebrahim Patel promised on Tuesday evening. Fuel cell development is listed as the... 

‘Platinum Valley’ SEZ in three months – Patel
Photo by Creamer Media's Dylan Slater
Trade and Industry Minister Ebrahim Patel

EPA gives thumbs up to new A$1.27bn Fortescue mine

By: Esmarie Iannucci     24th June 2019 The Western Australian Environmental Protection Authority (EPA) has recommended environmental approval for iron-ore major Fortescue’s Eliwana iron-ore mine, in the Pilbara. The Fortescue board in May last year approved the $1.27-billion Eliwana mine and rail project, which will entail a new... 

Champion’s Bloom Lake feasibility study doubles yearly production

By: Marleny Arnoldi     21st June 2019 TSX- and ASX-listed Champion Iron on Thursday announced positive results from its Phase 2 feasibility study for the Bloom Lake mining complex, in Quebec. The study envisioned further exploiting Bloom Lake, which would increase overall capacity from 7.4-million tonnes a year to 15-million tonnes... 

New platform answers call for condition based maintenance, asset optimisation

By: Tracy Hancock     21st June 2019 The immense pressure to achieve production targets occasionally means that maintenance practices are difficult to implement in the mining industry and are often time based. Therefore, mines are looking for solutions to improve maintenance management, says Finnish industrial machinery company... 

New platform answers  call for condition  based maintenance,  asset optimisation
ADVANCING MAINTENANCE Through Metso Metrics, mining companies can expect lower overall maintenance costs

Metso offers product innovations, equipment

By: Halima Frost     21st June 2019 Mining equipment maker Metso Minerals’ Metso hybrid truck body, and an expansion to the MX multi-action cone crusher series, the MX3, were launched in April at the Bauma trade fair held in Munich, Germany. The Metso truck body and improved MX3 are available in South Africa and Southern Africa... 

Metso offers product innovations, equipment
RUBBER COATED The truck body tray is specially coated to absorb shock and increases the life span of the body

Rio Tinto renews work on giant Guinea iron-ore deposit

By: Bloomberg     20th June 2019 Rio Tinto Group is looking at new ways to develop the giant Simandou iron-ore deposit in Guinea that it almost sold last year, according to people familiar with the matter. Simandou is one of the world’s biggest untapped mineral deposits, but has a controversial past. For more than a decade, it... 

China iron-ore soars as Rio Tinto cuts shipments forecast

By: Reuters     20th June 2019 China's iron-ore surged to a record on Thursday after Rio Tinto lowered its Pilbara shipment guidance, suggesting that supply could remain tight even as Vale is set to resume full operations at its Brucutu mine. Mining giant Rio Tinto on Thursday lowered its guidance on volumes of iron-ore it... 

Rio Tinto cuts 2019 iron-ore guidance

By: Simone Liedtke     19th June 2019 Mining major Rio Tinto on Wednesday said that it was experiencing operational challenges at its iron-ore mines, particularly in the Greater Brockman hub in the Pilbara, resulting in another revision of its guidance for the year. The miner lowered its Pilbara shipment guidance to between... 

Vale to restore full Brucutu mine output after court ruling

By: Reuters     19th June 2019 Brazilian miner Vale said on Wednesday that it would fully resume operations at its Brucutu mine within 72 hours after an appeals court overturned an earlier ruling that halted processing because of concern about the safety of a nearby dam. In a corporate filing, Vale also reaffirmed its 2019... 

Vale says mulls new railway, port for Carajas expansion

By: Reuters     19th June 2019 Brazilian miner Vale is considering building a new railway and port in the Para state for the potential expansion of its Carajas Serra Sul mine, the company said in a presentation to investors published on Tuesday. The new railway would stretch for 400 km from the current Carajas railroad to... 

Modi intervenes to reopen closed Goa iron-ore mines

By: Ajoy K Das     18th June 2019 Indian Prime Minister Narendra Modi has stepped in to find a political and legislative solution for the 88 iron-ore mines that have been closed in the western coastal state of Goa since last year. Goa Chief Minister Pramod Sawant said in a statement that in the course of a meeting of the National... 

Vale says hopes to reach dam burst global settlements by year-end

By: Bloomberg     14th June 2019 Brazil's Vale said on Thursday that it expects to reach global settlements covering economic and environmental damages from the January collapse of its Brumadinho tailings dam by late this year or in 2020. Vale is scrambling to deal with the fallout from the disaster, which killed at least 246... 

Higher prices drive BCI earnings

By: Esmarie Iannucci     14th June 2019 Higher iron-ore prices and lower exchange rates have seen ASX-listed junior BCI Minerals update its earning expectations for its Iron Valley mine, in the Pilbara. BCI Minerals had previously estimated that earnings before interest, taxes, depreciation and amortization (Ebitda) from the mine would... 

Iron-ore, gold surge propel South African miners to 11-year high

By: Bloomberg     13th June 2019 The twin tailwinds of rallying iron-ore prices and gold’s haven appeal have driven South African mining stocks to an almost 11-year high. Johannesburg’s FTSE/JSE Africa Mining Index gained as much as 2% Thursday to the highest since July 2008. Anglo American, BHP Group and AngloGold Ashanti have... 

Cazaly strikes sales agreement for Parker Range

By: Esmarie Iannucci     11th June 2019 ASX-listed Cazaly Resources has agreed to divest of its Parker Range iron-ore project, in Western Australia, for A$13-million plus royalties. The agreement with privately held diversified company Gold Valley Iron allows for an initial three-month due diligence and exclusivity period, with Cazaly... 

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