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Iron Ore News

BHP still sees room to negotiate with Samarco's creditors

By: Bloomberg     Updated 3 hours ago BHP Group is willing to protect its joint venture in Samarco Mineracao, saying it sees room to negotiate with financial creditors in the Brazil miner’s debt restructuring. “We’re absolutely committed to making sure that Samarco is reset to be the sustainable operation it always has been and... 

Specialised miller grinds down challenges

By: Nadine Ramdass     20th May 2022 Specialised milling and base minerals processor African Pegmatite uses its 50 years of experience in milling and grinding to meet customer requirements while mitigating various industry challenges using creative solutions and its honed milling knowledge. The company prepares minerals that cannot... 

African Pegmatite image

Afrimat earnings grow on back of normalised volumes, strong iron-ore price 

By: Marleny Arnoldi     19th May 2022 JSE-listed construction materials, industrial minerals and bulk commodities supplier Afrimat performed well in the financial year ended February 28, on the back of favourable iron-ore prices, an expeditious turnaround of the Nkomati anthracite project and a return to normal volumes in both the... 

Afrimat CEO Andries van Heerden
Afrimat CEO Andries van Heerden

Vale-BHP JV Samarco's financial creditors plan to take over the company

By: Reuters     18th May 2022 An alternate restructuring plan for Samarco Mineracao SA, a joint venture between Vale and BHP Group, proposes that financial creditors take control of the company. The plan filed by a group of bondholders is expected to replace Samarco's debt restructuring proposal, which was rejected last... 

Collaboration needed to make South African mining globally competitive again – CSIR 

By: Martin Creamer     18th May 2022 Concern about mineral resource scarcity is widespread and, at the same time, many countries, such as Australia, Canada and China, are investing significantly in strengthening their mining-related research, development and innovation (RDI) capabilities. “This makes cost and differentiation... 

Picture supplied.
CSIR CEO Dr Thulani Dlamini

Champion Iron spots pellets opportunity in Sept-Iles, Québec

By: Mariaan Webb     18th May 2022 Canada-based iron-ore miner Champion Iron has announced the acquisition of the Pointe Noire pelletising plant, located next door to the port facilities that it currently uses, with a view of recommissioning the plant to produce direct reduction-grade pellets. A subsidiary of Champion will buy... 

Forrest retakes reins at Fortescue as Gaines steps aside

By: Esmarie Iannucci     18th May 2022 Iron-ore major Fortescue Metals on Wednesday announced a swathe of changes to its leadership structure, which will see founder Dr Andrew Forrest retake leadership once current CEO Elizabeth Gaines steps aside in August. Forrest will specifically be overseeing Fortescue’s iron-ore business, in... 

Andrew Forrest
Andrew Forrest

Troy signs away some mining rights in Brazil

By: Esmarie Iannucci     16th May 2022 Gold miner Troy Resources has struck a $4-million deal for the lease and assignment of non-core mining rights in Brazil. The company on Monday announced that it had solidified a letter of intent inked in April, allowing Brazilian company PST Empreendimentos e Participacoes over certain mining... 

WA approves A$332m port spend

By: Esmarie Iannucci     16th May 2022 The Western Australian government will invest some A$332-million into the Mid West Ports Authority's Port Maximisation project, to meet increased demand for Geraldton Port services. The Port Maximisation project will be delivered over four years, facilitating growth by allowing Mid West Ports... 

BHP plans to double spending with Indigenous vendors

By: Esmarie Iannucci     13th May 2022 Diversified miner BHP’s iron-ore division is aiming to more than double its spend with Indigenous vendors to more than A$300-million by the end of the 2024 financial year. BHP asset president Western Australian iron-ore Brandon Craig said BHP wanted to do much more to build sustainable,... 

Image shows iron-ore operations in the Pilbara

Sierra Leone says will no longer provide forex for mining companies importing fuel

By: Reuters     13th May 2022 Sierra Leone will no longer provide foreign exchange for mining companies and other large businesses to import oil as of June 1, accusing them of "stockpiling diesel fuel", its Petroleum Regulatory Agency said in a statement. Sierra Leone has a large mining industry, mainly based on diamonds,... 

Webinars provide free practical knowledge for engineers

By: Tracy Hancock     13th May 2022 There is a growing need to bridge the gap between theory and practice in the minerals processing sector, with metallurgical engineering graduates quickly realising their lack of practical experience once they enter the workforce. By attending the free online training workshops offered by... 

A stock image of a person using a tablet to participate in a video call/meeting
HOLISTIC APPROACH Collaborating with other industry stakeholders provides participants of Multotec’s online training sessions with a better overview of minerals processing

Mining production down 9.3% y/y in March

By: Creamer Media Reporter      12th May 2022 South Africa's mining production decreased by 9.3% year-on-year in March, with the largest negative contributors being gold, iron-ore, manganese ore and platinum group metals. Diamond production, which increased by 44.3% year-on-year, made a significant positive contribution to the overall figure. 

Mining drives WA budget

By: Esmarie Iannucci     12th May 2022 A strong resources sector, which has continued to operate through much of the Covid-19 pandemic, along with higher commodity prices has assisted in Western Australia in reporting an expected operating surplus of A$5.7-billion for 2021-22. Premier Mark McGowan on Thursday pointed out that the... 

Afrimat appoints Louw as chairperson designate

By: Creamer Media Reporter      11th May 2022 Construction materials and industrial minerals producer Afrimat has appointed Francois Louw as chairperson designate. Louw was appointed deputy chairperson in February and also serves as the company's lead independent director. He will succeed Matie von Wielligh, who will be retiring as... 

Minimum of 14 000 jobs a year from South Africa’s first hydrogen corridor 

By: Martin Creamer     11th May 2022 South Africa’s first hydrogen corridor now under development has the potential to generate a minimum of 14 000 jobs, $400-million in gross domestic product and $900-million in taxes a year by 2050. In an addition, there is potential to grow platinum group metal (PGM) demand by between 1% to 2%... 

Creamer Media picture.
Photo by Creamer Media
Minerals Council hydrogen briefing from left Allan Seccombe, Roger Baxter and Fahmida Smith.

Fortescue signs A$90m contract with Schlam

By: Esmarie Iannucci     11th May 2022 Iron-ore major Fortescue Metals has awarded mining services provider Schlam, a multi-million-dollar supply agreement for both its product services divisions. The contract will see Schlam Payload Solutions supply Fortescue with dump bodies and buckets, while Schlam People Solutions will... 

Minerals Council spells out members’ commitment to climate change mitigation 

By: Martin Creamer     11th May 2022 Members of Minerals Council South Africa have agreed to commit to a climate change response strategy that will reduce Scope 1 and Scope 2 emissions and achieve a net zero emission by 2050 or earlier. Minerals Council South Africa senior health and environment executive Nikisi Lesufi on Tuesday... 

Creamer Media picture
Photo by Creamer Media
Minerals Council South Africa senior health and environment executive Nikisi Lesufi, closest right, with Minerals Council's Allan Seccombe, left.

South Africa keen to harness hydrogen economy opportunities, President Ramaphosa tells Indaba 

By: Martin Creamer     10th May 2022 It was just amazing to see the innovation that the mining industry is capable of scaling up, President Cyril Ramaphosa told the Investing in African Mining Indaba in his enthusiastic address on Tuesday. “Last week, I attended the launch by Anglo American of the world’s largest hydrogen-powered... 

Creamer Media picture taken of screen
Photo by Creamer Media
President Cyril Ramaphosa at the Investing in African Mining Indaba.

South Africa has significant implementation crisis – Minerals Council 

By: Martin Creamer     9th May 2022 South Africa has a significant implementation crisis. A number of government departments and parastatals were hollowed out. Capacity is a significant issue in almost every parastatal – water authorities, Eskom, Transnet and across the board. “We’re not rushing in to take over activities because... 

supplied picture
Minerals Council South Africa CEO Roger Baxter.

Green hydrogen can be produced in South Africa immediately, coal conference hears

By: Martin Creamer     6th May 2022 The generation of green hydrogen is achievable in South Africa immediately and is not a complicated process, Sasol just transition office head David Kawesha said on Friday. “You just need the renewable energy resource, electrolysers to split water, and that’s really what the basic process is,”... 

Picture taken by Creamer Media
Photo by Creamer Media
McCloskey's Southern African Coal Conference panel from left moderator Randy Fabi, Tracey Davies, Steve Nicholls, Jan Oberholzer and David Kawesha.

Iron-ore futures slide as investors monitor demand in China

By: Bloomberg     6th May 2022 Iron-ore flipped to losses as risk aversion across financial markets escalated and investors assessed the demand prospects in top consumer China. Stocks slid with bonds Friday as inflation, rising borrowing costs and China’s virus lockdowns depressed sentiment. The outlook for iron ore is being... 

Only way to fix Eskom, Transnet is to work as SA Inc, conference hears 

By: Martin Creamer     6th May 2022 Putting South Africa’s 60-million people first and working as South Africa Incorporated – SA Inc – is the only way to solve the problems of this country’s biggest State-owned enterprises, Eskom and Transnet. This message was put out loudly and clearly during a panel discussion at McCloskey’s... 

Picture supplied
Sereti CEO Mike Teke

World Coal Association favours just energy transition to net zero future 

By: Martin Creamer     5th May 2022 The World Coal Association, and its member companies, are in favour of a just transition to a net zero future, World Coal Association chairperson July Ndlovu said on Thursday. In his keynote address to the Southern African Coal Conference, Ndlovu emphasised the sincerity of the association’s... 

Creamer Media photograph
Photo by Creamer Media
World Coal Association chairperson July Ndlovu

Moody’s foresees elevated commodity prices, constraints persisting throughout this year

By: Donna Slater     4th May 2022 Moody’s Investors Service says the persistence of weaker mining production and volume constraints will exacerbate tight markets and further elevate prices of many metals after a number of large rated global diversified mining companies posted first-quarter production results showing weaker... 

Moody’s foresees elevated commodity prices, constraints persisting throughout this year

South Africa would do well to highlight its key iridium status to world that needs this very rare metal  

By: Martin Creamer     3rd May 2022 South Africa would do well to highlight its key iridium supply status to gain the full confidence of a world that requires this very rare platinum group metal (PGM) to advance the fast-moving hydrogen economy. Iridium is a potent co-roleplayer with PGM stalwart platinum when it comes to... 

Creamer Media picture
SFA Oxford CEO Henk de Hoop interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Vale unveils 'massive' buyback programme amid iron windfall 

By: Bloomberg     28th April 2022 Vale unveiled its biggest-ever share buyback program as the Brazilian iron ore and nickel giant rewards shareholders concerned by softening Chinese demand. The world’s No. 2 iron-ore producer said Wednesday it will purchase up to 500-million shares -- around 10% of the total number outstanding... 

Vale unveils 'massive' buyback programme amid iron windfall

Vale first-quarter net profit falls 19.6%, but beats expectations

By: Reuters     28th April 2022 Brazilian miner Vale, one of the world's largest producers of iron ore, reported on Wednesday its first-quarter net profit fell 19.6% to a better than expected $4.45-billion as stronger pricing offset weaker production numbers. Vale earnings for the three months ended March 31 beat the mean... 

Fortescue flags higher costs at Iron Bridge

By: Esmarie Iannucci     28th April 2022 Iron-ore major Fortescue Metals has flagged another cost blow out and production start delay at its Iron Bridge magnetite project, in the Pilbara. The miner in 2021 upwardly revised the capital cost estimate for the Iron Bridge project from $2.6-billion to $3-bilion, and moved its first... 

Image shows Fortescue branded iron-ore trains

Wimbledon opts for platinum to mark Queen’s jubilee, centre court centenary 

By: Martin Creamer     26th April 2022 In the year of the Queen of England’s platinum jubilee, the coins to be used in the Wimbledon ladies’ and gentlemen’s singles finals coin toss will be made of platinum for the first time in the championships’ history. This follows last month’s unveiling by the UK Royal Mint of its largest ever... 

Image supplied by WPIC
Platinum coin to be tossed at Wimbledon.

Copper to iron-ore rebound as China vows to support economy

By: Bloomberg     26th April 2022 Industrial metals from copper to iron-ore recouped some of Monday’s losses after China pledged more support to help revive an economy that’s been imperiled by an escalating virus outbreak. The country’s central bank vowed to increase monetary support to the real economy, especially for... 

Copper to iron-ore rebound as China vows to support economy

Ukraine miner Ferrexpo delays dividend, pauses some projects

By: Reuters     22nd April 2022 Ukraine-focused miner Ferrexpo said on Friday it was delaying a decision on paying interim dividend and pausing projects that are not expected to deliver near-term growth in the wake of Russia's invasion of the country. Shares of the London-listed group rose as much as 5.5% to 184.5p in early... 

Mining giants struggle despite commodities price boom

By: Bloomberg     22nd April 2022 The world’s biggest miners had a tough start to the year, struggling to hit production goals and keep costs under control in the face of Covid-19 disruptions and global inflationary pressures. Fresh from record profits, and with many commodities still trading at or near all-time highs, the... 

Mining giants struggle despite commodities price boom

GBM finalises deal with Canada's Consolidated Uranium

By: Esmarie Iannucci     22nd April 2022 Minerals explorer GBM Resources has finalised the sales agreement over the Brightlands Milo tenement, in Queensland. The company in November last year struck an agreement with TSX-V listed Consolidated Uranium to sell the iron-ore/copper/gold/uranium/rare earth tenement for an initial C$500 000... 

MinRes posts solid quarter in March

By: Esmarie Iannucci     22nd April 2022 ASX-listed Mineral Resources (MinRes) has posted a solid quarter, with iron-ore shipments increasing, along with production from the Mt Marion lithium project. MinRes on Friday reported that iron-ore shipments totalled 4.7-million tonnes during the quarter, up 22% on the previous corresponding... 

Liberia to review ArcelorMittal concession agreement

By: Reuters     22nd April 2022 Liberia will review its iron ore concession agreement with steel and mining company ArcelorMittal, as well as other concessions signed by the West African country's current and previous governments, Parliament speaker Bhofal Chambers said on Thursday. The announcement risks disrupting... 

Kumba’s first-quarter output hampered by rain, equipment constraints

By: Darren Parker     21st April 2022 Iron-ore miner Kumba Iron Ore has revised its production and sales guidance for the year down from between 39-million and 41-million tonnes to between 38-million and 40-million tonnes, owing to lower production and sales achieved in the quarter ended March 31. “Seasonal weather-related events and... 

Large dump trucks on Sishen mine

Iron-ore edges up as world's biggest miners warn of supply risks

By: Reuters     21st April 2022 Dalian and Singapore iron-ore futures edged up on Thursday, after miner BHP Group flagged a continuing production weakness, but gains were capped by Covid-19 concerns and steel production controls in top steel producer China. The most-traded September iron ore on China's Dalian Commodity... 

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