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Iron Ore News

MinRes hopes for first shipments from Onslow by 2023 end

By: Esmarie Iannucci     Updated 4 hours ago ASX-listed Mineral Resources (MinRes) has started early works at its Onslow iron-ore project, in Western Australia, in the hopes of shipping first ore by December 2023. The Onslow mine forms part of the Ashburton hub development, which is expected to cost between A$2.4-billion and A$2.55-billion... 

Iron-ore dips on persistent China demand worries

By: Reuters     12th August 2022 Dalian and Singapore iron-ore futures fell on Friday, reversing gains in the previous session, as traders weighed demand prospects in top steel producer China that has been plagued with a debt crisis in its real estate industry. The most-traded iron ore, for delivery in January next year, on... 

Australian resources key to decarbonising - Minister

By: Esmarie Iannucci     11th August 2022 The Australian resources sector, including its coal and gas sectors, had a significant role to play in the nation’s decarbonising efforts, federal Resources Minister Madeleine King said. Speaking at the Queensland Resources Media Club, in Brisbane, King said that traditional resources would help... 

Environmental, social and governance elevating to safety-equalling status, mining webinar hears  

By: Martin Creamer     11th August 2022 The shift from linear to circular value chains has the potential to impact all aspects of mining and requires a rethink, Anglo American Platinum sustainable impact head Stephen Bullock has told a Southern African Institute of Mining and Metallurgy (SAIMM) webinar. In a presentation on the... 

Anglo American Platinum sustainable impact head Stephen Bullock.
Southern African Institute of Mining and Metallurgy webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Rio Tinto not concerned about Chinese ore-buying company -executive

By: Reuters     5th August 2022 Rio Tinto is not concerned about China's plans to centralise iron ore purchases and has strong ties with its customers, the Australia CEO for the global miner said on Friday. Kellie Parker's comments were in response to questions from the media about China Mineral Resources Group, a state-owned... 

Rio Tinto attracts several proposals to build 4 GW of wind, solar power

By: Reuters     5th August 2022 Global miner Rio Tinto has received several offers to build 4 GW of wind and solar farms to power its alumina and aluminium operations in Australia's Queensland state, the company's Australia head said on Friday. Rio Tinto CEO Australia Kellie Parker said the company, the country's biggest... 

Rio Tinto attracts several proposals to build 4 GW of wind, solar power

New records set for Aus resource exports

By: Esmarie Iannucci     5th August 2022 New trade data from the Australian Bureau of Statistics (ABS) has shown that Australia’s resources sector had posted another record year of exports, with total resources and energy exports were worth a record A$414-billion, in seasonally adjusted terms, in the 2021-22 financial year. This meant... 

Image shows operations at the port of Port Hedland

Ironveld general meeting to go ahead despite a request for withdrawal

By: Darren Parker     4th August 2022 London-listed iron-ore company Ironveld’s general meeting (GM), set for Friday August 12, will go ahead despite the company having received written communication from investment research firm Align Research director Richard Jennings requesting that the GM be stayed. With the GM having already... 

Ukraine-focused Ferrexpo's half-year profit tumbles on higher costs

By: Reuters     3rd August 2022 Ferrexpo reported a slump in its half-year profit on Wednesday, after the Ukraine-focussed miner saw a hit from higher costs and lower production volumes as it grappled with inflationary woes and energy prices. The group said its pellet production fell 14% to 4.8-million tonnes, as constraints... 

Resources Watch  

3rd August 2022 This week: Kumba Iron Ore says steel market embracing need for decarbonisation; World-first hydrogen haul truck operational from August; and, De Beers pleased with strong set of first-half results 

Resources Watch image
Resources Watch

Anglo launches start-up incubator programme across its operations’ communities

By: Marleny Arnoldi     3rd August 2022 Diversified miner Anglo American South Africa has launched an incubator programme through its enterprise development arm, Zimele, aimed at turning 500 start-up businesses in rural communities into sustainable and successful companies. The programme will assist mainly youth- and women-owned... 

Termination notices sent to Mary River workers

By: Mariaan Webb     3rd August 2022 The International Union of Operating Engineers, Local 793 has urged the Nunavut Impact Review Board (NIRB) and the federal Minister of Northern Affairs to approve Baffinland's request to allow the company to increase production to six-million tonnes at the Mary River mine through to the end of... 

Anglo’s big on-site solar, off-site wind plan lays foundation for green hydrogen  

By: Martin Creamer     3rd August 2022 The planned construction by Anglo American of on-site solar plants and off-site regional wind farms is designed to create a renewable energy ecosystem that reduces Scope 2 emissions and lays the foundation for green hydrogen production – “a hugely ambitious piece of work, and not one that is... 

Anglo American CE Duncan Wanblad.
Anglo American results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Integrated, tech-driven rail industry needed to drive South Africa’s heavy haul sector   

By: Tasneem Bulbulia     2nd August 2022 To enable South Africa’s mining and resources sector to remain competitive, it is imperative the country pursues a safe, competitive, responsible, integrated and intelligent heavy haul system, powered by rail 4.0, by 2030. This was emphasised by industry organisation the South African Heavy Haul... 

A Transnet Freight Rail train transporting iron-ore
Transnet CE Portia Derby outlines Transnet’s targets for commodities

Fortescue confident on Iron Bridge delivery

By: Esmarie Iannucci     2nd August 2022 Iron-ore miner Fortescue Metals is confident that it can deliver its Iron Bridge magnetite mine, in the Pilbara, within the new budget and timeframe. The miner earlier this year flagged another cost blow-out and production start delay at Iron Bridge, after upwardly revising capital costs in... 

Miners' profits face an unusual foe: extreme weather

By: Reuters     1st August 2022 Heavy rainfalls, withering droughts and other extreme weather patterns across the globe are denting miners' profits and crimping supply of iron ore, copper and other widely-used minerals as climate change roils yet another industry. It is an unusual situation for companies that have experience... 

Vale says stricter licensing requirements cause project delays

By: Reuters     1st August 2022 Brazil's Vale said on Friday it is running into delays as it seeks environmental licenses for new projects due to "more sophisticated" requirements. Vale cited slower regulatory approvals in reducing its 2022 iron-ore production outlook to 310-million to 320- million tonnes from 320-million to... 

Vale says stricter licensing requirements cause project delays

President Ramaphosa’s got it right, says ex-Eskom CEO on new energy plan  

By: Martin Creamer     1st August 2022 African Rainbow Energy and Power CEO and former Eskom CEO Brian Dames concurs fully with the energy plan unveiled by President Cyril Ramaphosa. “I think he’s got it right,” was Dames's summing up of the President's energy initiative during a discussion at the Coal & Energy Transition Day, covered... 

Creamer Media screenshot image.
Coal & Energy Transition Day covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

TNG's Mt Peake draws more interest

By: Esmarie Iannucci     1st August 2022 ASX-listed TNG has received conditional support for up to A$200-milion in debt funding from the Export Credit Agency Korea Trade Insurance Corporation (K-SURE) for the development of its Mt Peake vanadium/titanium/iron project, in the Northern Territory. The conditional letter of support... 

Iron-ore sinks as hopes for more China home-rescue plans dashed

By: Bloomberg     29th July 2022 Iron-ore’s scorching five-day rally came to halt, with traders disappointed by a lack of fresh signals from Beijing that it will channel more funds toward China’s beleaguered property market. The steelmaking material sank as much as 5% after surging more than 20% from its close on July 21.... 

Afrimat raises R680m in accelerated bookbuild

By: Donna Slater     29th July 2022 JSE-listed building materials, industrial minerals and bulk commodities company Afrimat has successfully closed an equity raise of R680-million – about 8.5% of its current market capitalisation. Following strong demand, Afrimat elected to increase the size of the bookbuild it announced on July... 

Renewables take center stage in the wake of Ramaphosa’s energy plan announcement 

29th July 2022 Mining Weekly Editor Martin Creamer says that Anglo American sees massive opportunities for energy; South Africa needs a radical boost of renewables and green hydrogen capacity by 2040; and as the world turns to renewable energy, Kumba Iron Ore sees itself in a good position. 

Photo of Martin Creamer
Renewables take center stage in the wake of Ramaphosa’s energy plan announcement

Vale's profit slips but beats forecasts

By: Reuters     29th July 2022 Brazilian miner Vale said on Thursday its second-quarter net income fell 18.9% from the previous year, hit mainly by a sharp decline in iron-ore prices and escalating costs, but results still topped analysts' estimates. Vale, one of the world's largest iron ore miners, posted net income of... 

Global market to reach 2.5bn tonnes by 2026 – analysts

29th July 2022 Amid the Covid-19 pandemic, the global market for iron-ore, estimated at 2.2-billion metric tonnes in the year 2022, was projected to reach a revised size of 2.5-billion metric tonnes by 2026, growing at a compound annual growth rate of 3.2% over the analysis, stated a report by market research... 

An image of Iron-Ore on a conveyor
ON THE RISE? Demand for iron-ore was expected to continue to grow

Development company acquires pelletising facility

29th July 2022 Cross-listed exploration and development company Champion Iron announced in May this year that it had entered into a definitive purchase agreement (DPA) for the acquisition of the Pointe Noire Iron Ore Pelletising Facility (pellet plant), located in Sept-Iles, Québec, through a wholly-owned... 

Iron-ore company receives strategic investment

29th July 2022 Canadian iron-ore company Labrador Iron Mines announced a $4-million strategic investment by NYSE-listed, integrated merchant banking company Scully Royalty. The strategic investment consists of a $3-million equity component alongside a $1-million convertible credit facility. Scully Royalty has... 

Company celebrates one year of zero harm

29th July 2022 Drilling technology solutions provider Rosond, based in Midrand, has celebrated a year of zero harm at its diamond drilling operation at mining company Kumba Iron Ore’s Sishen mine, near Kathu, in the Northern Cape. Rosond senior site manager Clayton Coetzee attributes the achievement to close... 

An aerial image of Rosond employees at Kumba Iron mine
SAFETY FIRST Rosond creates a culture of caring and responsibility onsite

Project lets firm explore African opportunities

By: Mandisa Nyathi     29th July 2022 Bulk earthworks, demolitions and civil engineering service provider ICON Group states that a recent contract to install high-density polyethylene (HDPE) linings at a gold mine tailings project, in Burkina Faso, has provided an opportunity to explore projects, and entrench its footprint across... 

An image of a tailings dam development
SURFACE PREP ICON was appointed by geosynthetics manufacturer Solmax to install the HDPE linings for this project

More high-grade iron-ore needed to accelerate steel decarbonisation

29th July 2022 Decarbonising the steel industry will require an increase in high-grade iron-ore production and improved beneficiation techniques, finds a new report from research institution Institute for Energy Economics and Financial Analysis (IEEFA). The report, titled ‘Iron-Ore Quality a Potential Headwind... 

An image of iron-ore pellets
NET-ZERO BY 2050 Steelmakers must switch to green-hydrogen-based DRI to reach net-zero

ArcelorMittal to seek access to rail network amid a collapse in Transnet service  

By: Terence Creamer     28th July 2022 ArcelorMittal South Africa (AMSA) has confirmed that it will seek to secure third-party access to Transnet’s rail network as part of efforts to stabilise the logistics involved in supplying key raw materials, such as iron-ore, having experienced an intense period of rail disruption during the... 

An iron-ore train

Green electron/hydrogen advance set to move much faster – Anglo 

By: Martin Creamer     28th July 2022 Anglo American CEO Duncan Wanblad on Thursday expressed delight at the energy announcement of President Cyril Ramaphosa, who has unveiled several far-reaching interventions, including a doubling in the allocation for the next renewables procurement round, an uncapping of the 100 MW... 

Anglo American CEO Duncan Wanblad
Anglo American CEO Duncan Wanblad

Fortescue celebrates new records

By: Esmarie Iannucci     28th July 2022 Iron-ore major Fortescue Metals has reported record iron-ore shipments in both the June quarter and the full year ended June. The ASX-listed miner on Thursday reported that iron-ore shipments in the June quarter reached 49.5-million tonnes, up 6% on the previous quarter, while iron-ore shipments... 

Image shows Fortescue port operations

Partners vow to work together at Simandou

By: Esmarie Iannucci     28th July 2022 Development plans for the rail and port infrastructure to service the Simandou iron-ore project, in Guinea, has progressed, with the incorporation of the La Compagnie du TransGuinéen (TransGuinean Company) joint venture (JV). Major Rio Tinto is joint venturing with the government of the Republic... 

Partners vow to work together at Simandou

Rio to invest A$75m in WA communities

By: Esmarie Iannucci     28th July 2022 Diversified miner Rio Tinto has committed a further A$75-million spend over the next 10 years to renew its partnerships with the Shire of Ashburton and the City of Karratha, in Western Australia, to continue the delivery of a range of important community projects across the two regions. Previous... 

Radical renewables, hydrogen ramp-up needed, coal energy transition day hears 

By: Martin Creamer     27th July 2022 A radical ramp-up of renewable energy and green hydrogen capacity will be needed by 2040 to take South Africa towards a net-zero climate change commitment, the Coal & Energy Transition Day heard on Wednesday. On the coal-fired power front, South Africa would from the 2040s/2045s need to have... 

Creamer Media screenshot.
Photo by Creamer Media
Presidential Climate Change Commission executive director Chrispian Olver.

World-first hydrogen haul truck operational from August – Anglo Platinum  

By: Martin Creamer     27th July 2022 The pilot world-first hydrogen haul truck launched early in the year, has had some final changes made to it before it heads into the pit and goes into operational mode from August. Meanwhile, the second prototype is already underway, where learnings from the first truck are being taken into the... 

Anglo American's nuGen truck.
Anglo Platinum CEO Natascha Viljoen interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

CN Railway boosts freight prices and beats analyst forecasts

By: Bloomberg     27th July 2022 Canadian National Railway reported earnings that easily beat analysts’ forecasts as strong volumes allowed the railroad to increase prices and fuel surcharges to offset rising costs. Revenue in the second quarter was C$4.34-billion, topping the expected C$4.08-billion and 21% higher than last... 

An image of a CN Rail locomotive
A CN Rail locomotive

Kogi updates Agbaja economics

By: Esmarie Iannucci     27th July 2022 An updated scoping study into the Agbaja iron-ore project, in Nigeria, has significantly increased the project’s economics, ASX-listed Kogi Iron said on Wednesday. Compared with the 2021 scoping study, the updated scoping study has increased Agbaja’s expected capi9tal cost from $507-million to... 

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