R/€ = 17.19 Change: -0.10
R/$ = 14.81 Change: -0.10
Au 1786.12 $/oz Change: -12.91
Pt 1033.50 $/oz Change: -12.73

Iron Ore News

Botswana delivers first iron-ore exports to China

By: Reuters     Updated 2 hours 39 minutes ago Botswana's first iron-ore mine, Ikongwe, has started production and delivered its maiden exports to China, a company official told Reuters on Tuesday, as the Southern African country makes headway in efforts to diversify its economy away from diamonds. Although diamond mining's contribution to... 

Majors band together to fight harassment

By: Esmarie Iannucci     25th October 2021 Majors Rio Tinto, BHP and Fortescue Metals will partner to fund industry-first learning programs against sexual harassment, bullying and racism. The three companies will fund and contribute to the design, build and implementation of new social awareness education packages for deployment through... 

Grosvenor Resources’ £5.6m investment in Ironveld pending shareholder approval

By: Simone Liedtke     22nd October 2021 Aim-listed iron-ore miner Ironveld is considering a proposed new major investment by natural resource company Grosvenor Resources, which will potentially invest £5.6-million in the company through a subscription for more than 561.5-million new ordinary shares. Grosvenor is a new South African... 

Coal and iron pile up in South Africa on rail constraints

By: Bloomberg     21st October 2021 Kumba Iron Ore’s struggle in getting supplies to ports is further highlighting the constraints South Africa faces in exporting key commodities including coal. The continent’s top iron ore producer said its premium steelmaking material is being held up at mines in South Africa’s Northern Cape... 

No zero carbon without green hydrogen, US pledging $1/kg coal-parity price 

By: Martin Creamer     21st October 2021 The world will be unable to meet its zero-carbon targets without the introduction of green hydrogen solutions, says Plug Power chief strategy officer Sanjay Shrestha, at a time when the US has launched a programme to cut the cost of clean hydrogen by 80%. Nasdaq-listed Plug Power, a pure play... 

Creamer Media Screenshot
Photo by Creamer Media
Plug Power chief strategy officer Sanjay Shrestha

Diamonds, iron-ore drive 2% rise in Anglo American's third-quarter output  

By: Simone Liedtke     21st October 2021 Diversified miner Anglo American achieved a 2% increase in production for the third quarter, ended September 30, which CEO Mark Cutifani largely attributed to planned higher rough diamond production at its De Beers subsidiary, as well as increased production from the Minas-Rio iron-ore project,... 

A photo of Mark Cutifani, CEO of Anglo American
Photo by Bloomberg
Anglo American CEO Mark Cutifani

Australia faces export tariffs if net zero not endorsed, warns minister

By: Reuters     21st October 2021 Australia risks having tariffs imposed on its exports if it fails to adopt a target of net zero carbon emissions by 2050, a senior government minister said on Tuesday, as the country's ruling coalition struggles to unite on the issue. Prime Minister Scott Morrison has said he hopes to present... 

Kumba lifts third-quarter output but port, weather disruptions impact on sales

By: Simone Liedtke     21st October 2021 South African iron-ore miner Kumba Iron Ore’s production increased to 10.8-million tonnes during the third quarter, ended September 30, but equipment breakdowns at the Port of Saldanha Bay and weather disruptions affected ship movements, resulting in lower sales of 10.1-million tonnes. Owing to... 

Vale to slow down iron-ore production in Q4 due to low prices

By: Reuters     20th October 2021 Brazilian miner Vale said on Tuesday it was slowing down production of low-margin iron-ore in the fourth quarter by about four-million tonnes due to low prices, and could cut back output in 2022 if prices did not rise. Vale said in a securities filing that iron ore output for the year is now... 

Policy-not-law charter judgment going long way towards providing certainty – NSDV 

By: Martin Creamer     19th October 2021 The court judgement that the mining charter is policy and not law goes a long way towards providing regulatory certainty, says NSDV mining law senior associate Muhammed Khan ­– but it is not the end of the road, he cautions in a 1 500-word analysis entitled The Great Mining Charter Debate. Khan... 

Picutre supplied by NupenStaudeDeVries
NSDV mining law senior associate Muhammed Khan.

Incentive needed for smaller end of stock exchange to survive – Miller  

By: Martin Creamer     18th October 2021 An incentive is needed for the listing of companies on the smaller end of the stock exchange, which is facing an existential crisis, said AmaranthCX director and owner Paul Miller on Monday. Reacting to the groundswell of headlines about delistings and lack of listings on the Johannesburg Stock... 

Creamer Media screenshot of Paul Milller during October 2021 Zoom interview.
AmaranthCX director and owner Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Using the world’s first green steel to make a dump truck

By: Bloomberg     18th October 2021 The world’s steelmakers need a makeover. Their industry is one of the dirtiest, and it’s blamed for about 7% of global carbon emissions. The biggest producers essentially rely on the same manufacturing processes they used a century ago, and now they face a reckoning. With the planet’s viability... 

Using the world’s first green steel to make a dump truck

Hydrogen fuel cell has inexhaustible future, says Fortescue’s Andrew Forrest 

By: Martin Creamer     15th October 2021 The hydrogen fuel cell has an inexhaustible future as a means of maintaining the planet’s high standard of living, said Fortescue Metals Group chairperson Andrew Forrest during a global online symposium this week. “Our little planet’s cooking, the world’s impatient and there’s any amount of... 

screenshot taken by Creamer Media during Plug Power symposium
Photo by Creamer Media
Plug Power CEO Andy Marsh (left) and Fortescue Metals Group chairperson Andrew Forrest (right)

BHP and POSCO look at green steel

By: Esmarie Iannucci     15th October 2021 Major BHP has signed a memorandum of understanding (MoU) with Korean steel giant POSCO to jointly explore greenhouse gas emissions reduction technologies in integrated steelmaking. As part of the MoU, the parties intend to undertake pilot and plant trials to lower carbon in the steelmaking... 

Fire reported at Flinders' mine

By: Esmarie Iannucci     15th October 2021 Junior Flinders Mines has reported a fire at its Pilbara iron-ore project. The company on Friday said it had been informed by project manager BBI Group of a fire on the tenements, but noted that there had been no damage to equipment or facilities, and that now injuries had been reported on site,... 

Rio adjusts production expectations following tough quarter

By: Esmarie Iannucci     15th October 2021 Mining major Rio Tinto has seen production declines across its portfolio of commodities during the three months to September, and has adjusted some of its targets for 2021. “It has been another difficult quarter operationally and despite improving versus the prior quarter, we recognise the... 

Image shows one of Rio Tinto's iron-ore operations in the Pilbara

South Africa needs to ramp up critical minerals exploration as world decarbonises - study 

By: Terence Creamer     13th October 2021 The South African mining sector can remain internationally competitive and support socioeconomic development only if it drives decarbonisation and adapts to the global shift in commodity demand towards minerals used in green sectors such as renewable electricity and electric vehicles (EVs), a new... 

A photo of an iron-ore stockpile

Iron-ore tumbles as China steel curbs are back in focus

By: Reuters     12th October 2021 Iron-ore futures were under pressure on Tuesday, with the Singapore benchmark retreating nearly 7% after a four-day rally and Dalian contracts erasing early gains, as investor focus shifted back to steel production controls in China. The steelmaking raw material's most-active November contract on... 

Vale, BHP JV Samarco obtains extended creditor protection

By: Reuters     12th October 2021 Brazilian miner Samarco Mineracao, an iron-ore joint-venture between Vale and BHP, obtained an extension of its stay period for additional 180 days, according to a court decision on Saturday reviewed by Reuters. The company had requested an extension of its protection against creditors in order... 

Iron-ore jumps again on better mill margins, output expectations

By: Bloomberg     11th October 2021 Iron-ore futures extended gains as improved rebar margins at Chinese steel mills buoyed demand prospects. Prices jumped 10% in Singapore, taking the raw material’s surge since a low in September to about 50%. Investors are continuing to weigh China’s autumn demand against a power crisis that has... 

Mining boom papering over serious structural issues – Nedbank's Mpofu  

By: Martin Creamer     11th October 2021 South Africa’s current mining boom is papering over some very serious structural issues that underlie the mining industry as a whole. “Chief amongst those is the slowdown if not disappearance of investment in future capacity, a trend we’ve been seeing for the past ten years,” said Nedbank mining... 

Supplied picture of Nedbank mining lead Mpofu
Nedbank mining lead Vusi Mpofu interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Cadence sees ‘clear path’ to production for former Anglo iron-ore mine

By: Mariaan Webb     11th October 2021 The share price of Cadence Minerals surged 35% in London on Monday morning as the company announced a financing agreement that will unlock investment in the Amapa iron-ore project, in Brazil. Cadence has received bank credit committee approval for the secured bank creditors to execute a... 

Freehill starts mining in Chile

By: Esmarie Iannucci     11th October 2021 Phase 1 mining operations have started at the Yerbas Buenas magnetite project, in Chile, ASX-listed Freehill Mining reported on Monday. The company noted that first ore sales from the project are scheduled for January.  

Exploration key to keeping South Africa on right side of future – investors 

By: Martin Creamer     11th October 2021 Exploration is key to keeping South Africa on the right side of the future-facing metals scenario, the Joburg Indaba heard last week from potential investors. During a panel discussion on mining sector prospects covered by Mining Weekly, the heads of international investment companies commented... 

Creamer Media screenshot of panel discussion at Joburg Indaba in October 2021
Photo by Creamer Media
Form top left clockwise are Fiona Perrott-Humphrey, Olivia Markham, Brett Beatty, Bernard Swanepoel and Mick McMullen.

The world needs Simandou iron-ore, Rio Tinto CEO says

By: Reuters     8th October 2021 The world needs Guinea's massive Simandou iron-ore deposit to be developed, Rio Tinto's chief executive said on Thursday, despite uncertainty in Guinea after last month's coup. "There is, of course, a bit of uncertainty about Guinea at this point in time, but fundamentally nothing has changed;... 

Vale says spin-off of base metals unit no longer planned

By: Reuters     7th October 2021 The chief executive of Brazilian iron ore miner Vale SA said on Thursday the company has stopped looking into a spin-off for its base metal division, a longstanding plan of the company. "We are not talking about a spin off yet. The problem here is the size of the business," said Eduardo... 

Vale says judge restores operating license at Onca Puma mine

By: Reuters     7th October 2021 Brazilian miner Vale said on Thursday that a judge had restored the operating license at its Onca Puma nickel mine in the state of Para and that mining activity had resumed. The company said on Monday that a state agency had suspended its operating license due to an alleged non-compliance with... 

Anglo progressing with decarbonisation, sustainability endeavours – Cutifani

By: Donna Slater     7th October 2021 Diversified major Anglo American continues to take steps to usher in hydrogen-powered machinery, as well as to roll out renewable energy at its global operations as a means of improving its sustainability, CE Mark Cutifani said during a Financial Times Mining Summit on October 7. He pointed out... 

an image of Anglo American CE Mark Cutifani
Anglo American CE Mark Cutifani

South Africa’s exploration investment lowest since democracy began, Joburg Indaba hears  

By: Martin Creamer     7th October 2021 South Africa’s mining industry is at its lowest level of exploration investment since democracy began in 1994, the Joburg Indaba heard on Thursday. “Never have we spent less – and this is a pity because significant promises were made about an exploration plan for the country,” Joburg Indaba... 

Creamer Media screenshot from Joburg Indaba October 2021
Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Transnet building pipeline of transactions for private sector participation 

By: Terence Creamer     7th October 2021 Transnet CEO Portia Derby says the State-owned group received a “fantastic” response to its two recent requests for information (RFIs) for private participation at the ports of Durban and Ngqura and that several other private sector participation (PSP) transactions are under development. The... 

Transnet CEO Portia Derby
Transnet CEO Portia Derby

Fortescue buys 60% stake in Dutch-based renewable energy firm

By: Reuters     7th October 2021 Fortescue Metals Group's green energy unit said on Thursday it bought a 60% stake in Dutch-based renewable firm High yield Energy Technologies (HyET) Group in a bid to cut costs and boost green energy production. Fortescue Future Industries (FFI) is part of Fortescue Metals' plan to become the... 

Mining continues to drive Aus economy in August

By: Esmarie Iannucci     7th October 2021 New data from the Australian Bureau of Statistics has again highlighted the importance of resources to the Australian economy, with a trade surplus of more than A$15-million reported in August. Australia exported some A$33.9-billion of mineral, metal and energy commodities which accounted for... 

South Flank unveiled

By: Esmarie Iannucci     7th October 2021 The ribbon has officially been cut at diversified miner BHP’s $3.6-billion South Flank iron-ore mine, in the Pilbara. South Flank is an 80-million tonnes a year operation, and will be the most technically advanced high quality iron-ore mine in Western Australia. Together with the existing Mining... 

South Africa in danger of missing out on commodity boom, Joburg Indaba hears  

By: Martin Creamer     6th October 2021 A much more enabling environment is needed to ensure that South Africa does not miss out on yet another commodity boom, the Joburg Indaba heard on Wednesday. “We know that we’ve missed at least one commodity boom,” Foskor chairperson, Industrial Development Corporation director and founding... 

Creamer Media screenshot of PwC Africa CEO Dion Shango at Joburg Indaba 2021
Joburg Indaba opening session covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Dam disasters were wake up call for Brazil's Vale, CEO says

By: Reuters     6th October 2021 After two deadly dam disasters that made Vale SA a pariah of the global green movement, Brazil's largest mining company is striving to put the environment and climate at the heart of its business, CE Eduardo Bartolomeo told Reuters. Bartolomeo, speaking in an interview at the Reuters Impact... 

Fortescue sets Scope 3 targets, hopes green hydrogen will help

By: Esmarie Iannucci     6th October 2021 Iron-ore major Fortescue Metals this week announced a target to achieve net zero Scope 3 emissions by 2040, addressing emissions across its entire global value chain, including crude steel manufacturing which accounts for 98% of the company’s Scope 3 emissions. The company told shareholders... 

Image shows Fortsescue's iron-ore operations

Brazil prosecutors seek $457m from miners Vale, Samarco, BHP for dam disaster

By: Reuters     5th October 2021 State prosecutors in the state of Minas Gerais have filed a lawsuit seeking 2.5-billion reais from miners Vale, Samarco and BHP related to a tailings dam disaster in 2015, according to a statement on Tuesday. Prosecutors allege that the companies have not fulfilled the obligations outlined in a... 

Innovative wireless sensor approach could make exploration cheaper – Prof  

By: Martin Creamer     5th October 2021 An innovative wireless sensor method of mapping the subsurface of the earth could make exploration cheaper and mining safer, says Professor Musa Manzi, the award-winning director of the Seismic Research Centre of the School of Geosciences at the University of the Witwatersrand. The method, which... 

Picture supplied
Wits Professor Musa Manzi interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
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