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Iron Ore News

Lack of publicly available cadastre impeding future mining potential – Miller 

By: Donna Slater     1st December 2020 The South African junior mining, and particularly prospecting, sector will continue its rapid degradation if the Department of Mineral Resources and Energy (DMRE) continues to refuse to publicly release information pertaining to national mining and prospecting rights, says mining supply sales... 

Metal prices expected to average higher in 2021 amid recovery from Covid-19 – Fitch Solutions

By: Donna Slater     1st December 2020 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) expects miners and metal producers to experience a more favourable pricing environment in 2021 with nearly all mineral and metal prices forecast to average higher on a... 

First ore at Eliwana expected this week

By: Esmarie Iannucci     1st December 2020 Iron-ore miner Fortescue Metals is on track to deliver first ore into its Eliwana plant later this week, while first ore on train is scheduled for later this month. Fortescue COO Greg Lilleyman told the Global Iron and Steel Forecast that the Eliwana railway line was progressing well, with the... 

South Flank on target - BHP

By: Esmarie Iannucci     1st December 2020 Construction of BHP’s South Flank mine, in the Pilbara, is some 84% complete, project manager Simon Thomas told the Global Iron and Steel Forecast conference. Thomas on Tuesday said that first production from the $3.6-billion South Flank operation was still targeted for mid-2021, however,... 

Shell LNG to power BHP ships

By: Esmarie Iannucci     1st December 2020 Diversified miner BHP has tapped energy major Shell to supply first liquefied natural gas (LNG) for five LNG-fuelled Newcastlemax bulk carriers, which will transport iron-ore between Western Australia and China from 2022. “The LNG bunkering contract marks a significant step in how BHP is working... 

Field narrows for global miner Rio Tinto's top job

By: Reuters     30th November 2020 Rio Tinto will look to a handful of external candidates in a narrowing field for its new chief executive, as the miner tries to win back investors dismayed by the blasting of an ancient Australian rock shelter, bankers and investors say. The top priority for a new CEO will be strong stakeholder... 

Field narrows for global miner Rio Tinto's top job
Jean-Sebastien Jacques

Vale to resume Serra Leste expansion

By: Mariaan Webb     30th November 2020 Brazilian diversified major Vale has marked another step on its path to return production to 400-million tonnes a year, announcing on Friday that it had received the green light for the resumption and expansion of its Serra Leste operations. The Environment and Sustainability Department of Para... 

Vale to resume Serra Leste expansion

Climate-driven surge in scrap use could slash primary metal demand - Woodmac 

By: Reuters     27th November 2020 A surge in the use of scrap metal due to strict environmental policies could slash global demand for primary aluminium by almost half and cut demand for primary copper and iron by more than a third by 2040, Wood Mackenzie said on Thursday. In a report on the future of mining, the consultancy... 

Iron-ore, copper doing well amid pandemic

By: Theresa Bhowan     27th November 2020 Covid-19 negatively impacted the demand for all industrial commodities, but not all markets were impacted equally, explains investment management provider Sanlam Private Wealth. Commodities on which China has a greater import reliance, such as iron-ore and copper, generally fared better than... 

Iron-ore, copper doing  well amid pandemic
CHRISTIAAN BOTHMA While commodity demand beyond Covid-19 remains uncertain, he highlights a few observations in terms of copper and iron-ore

ArcelorMittal Mining Canada appoints COO

By: Creamer Media Reporter      26th November 2020 Guy Belleau has been appointed COO of ArcelorMittal Mining Canada, a subsidiary of steel giant ArcelorMittal that operates on Quebec’s North Shore. "I am pleased to welcome Guy within our renewed management team. Our goal is to become a world reference in the safe and efficient production of... 

Strike raises cash for Paulsens East

By: Esmarie Iannucci     25th November 2020 Iron-ore developer Strike Resources has completed a A$4-million capital raising to fund work at its Paulsens East project, in Western Australia. The company issued 40-million fully paid ordinary shares at a price of 10c each under its existing placement capacity, to sophisticated and... 

Coal mine on point of turning acid mine drainage into potable water at no cost  

By: Martin Creamer     23rd November 2020 An Mpumalanga coal mine is on the point of entering into an agreement before year-end to have its acid mine drainage water curse turned into potable water at no cost, Mining Weekly can today report. Recovered potassium nitrate, which retails at about R15 000/t and which is marketed at about R11... 

Coal mine on point of turning acid mine drainage into potable water at no cost
Trailblazer Technologies director John Bewsey interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Billionaire miner Forrest aims to be a global clean energy giant

By: Bloomberg     23rd November 2020 Billionaire Andrew Forrest broke into the ranks of the world’s top iron-ore exporters, now he’s targeting an entry into renewables in as soon as two years under an ambitious plan to produce more energy than giants like Chevron. Forrest’s Fortescue Metals Group will begin green fuel production in... 

Billionaire miner Forrest aims to be a global clean energy giant
Andrew Forrest

Swedish miner LKAB eyes huge investment in CO2-free production

By: Reuters     23rd November 2020 State-owned mining company LKAB said on Monday it wanted to invest 400-billion crowns ($46.5-billion) over 20 years to shift to carbon-free production of iron-ore, in what could be one of Sweden's biggest ever industrial investment programmes. LKAB said the plan would require an expansion of... 

Swedish miner LKAB eyes huge investment in CO2-free production

Australia's project pipeline grows despite Covid

By: Esmarie Iannucci     23rd November 2020 The number of resources and energy major development projects has increased by 19% over the last 12 months, new data from the Office of the Chief Economist has shown. There are currently 335 major projects in the development pipeline, with the value of the projects in the pipeline increasing by... 

Australia's project pipeline grows despite Covid

Chrome producers want ferrochrome solutions that exclude export tax    

By: Martin Creamer     19th November 2020 South Africa’s non-integrated chrome ore exporters want to discuss ways of solving the existential threat to South Africa’s struggling ferrochrome industry to avoid the need for a tax being imposed on the export of locally mined chrome ore. But steadfastly in favour of a chrome ore export tax are... 

Chrome producers want ferrochrome solutions that exclude export tax
ChromeSA spokespersons interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Brazilian state says Vale's $4bn dam offer is too low

By: Reuters     18th November 2020 Brazilian miner Vale's proposed settlement of around 21-billion reais ($3.97-billion) following a deadly 2019 dam disaster is too low, the head of the state of Minas Gerais, where the accident happened, said. After a meeting between authorities and the company about the Brumadinho dam burst in... 

Anglo’s investment commitment to South Africa up R15bn  

By: Martin Creamer     18th November 2020 Anglo American is on track to exceed its original investment commitment to South Africa, despite Covid-19 impacts, Mining Weekly can report. At this year’s SA Investment Conference, the London- and Johannesburg-listed diamond, platinum group metals and iron-ore mining company increased its total... 

Anglo’s investment commitment to South Africa up R15bn
Anglo American CEO Mark Cutifani

Vale ends meeting without dam burst disaster settlement

By: Reuters     18th November 2020 A hearing between Brazilian miner Vale and the government of Brazil's Minas Gerais state ended on Tuesday without the two sides agreeing on a settlement over a Jan. 2019 disaster in which a Vale dam burst and killed 270 people. The mining waste dam burst in the town of Brumadinho in Minas... 

Champion picks up Kami iron-ore project

By: Mariaan Webb     16th November 2020 Toronto- and Sydney-listed Champion Iron has agreed to buy the Kamistiatusset iron-ore project, which is only a few kilometres from its Bloom Lake mine, in Canada. Located in the Labrador Trough in Newfoundland, near the Quebec border, the Kami project until April belonged to Alderon Iron Ore,... 

Champion picks up Kami iron-ore project

Vale, Chinese port sign $651m deal on iron-ore storage, processing

By: Reuters     16th November 2020 Brazil's Vale and China's Ningbo Zhoushan Port have signed a deal to invest around 4.3-billion yuan ($650.6-million) in iron-ore storage and processing facilities in Zhejiang, a local government statement said on Friday. The move follows the two firms' inauguration of a grinding hub at the port... 

Chrome export tax a positive step, special electricity dispensation now needed – Phiri 

By: Martin Creamer     16th November 2020 The imposition of a tax on the export of chrome ore is a positive step, but to enable South Africa’s once-dominant ferrochrome industry to compete successfully once again, electricity prices should be made affordable by way of special dispensation, says mining stalwart Steve Phiri, who was... 

Chrome export tax a positive step, special electricity dispensation now needed – Phiri
Photo by Creamer Media
Steve Phiri

C$500m Quebec iron-ore expansion gets go-ahead

By: Mariaan Webb     12th November 2020 The board of dual-listed Champion Iron has approved the completion of the Bloom Lake Phase 2 expansion project, paving the way for the doubling of the Quebec mine’s nameplate capacity to 15-million tons a year of high-grade iron-ore concentrate. The company would require an estimated... 

C$500m Quebec iron-ore expansion gets go-ahead

Mining output down 2.8% y/y in September

By: Creamer Media Reporter      12th November 2020 South Africa's mining production decreased by 2.8% year-on-year in September, with the iron-ore sector having made the largest negative contribution and diamonds the largest positive contribution. Seasonally adjusted mining production decreased by 0.3%  month-on-month in September. 

Guinea approves infrastructure plan for Simandou iron mine

By: Reuters     12th November 2020 Guinea's government approved on Thursday a basic agreement for a multi-national consortium to build a railroad and deepwater port to export minerals from the giant Simandou iron ore project. The consortium - which includes Singapore's Winning Shipping, Guinean mining logistics firm United... 

Guinea approves infrastructure plan for Simandou iron mine

Newmont leads ESG ranking of mining companies with Rio last

By: Bloomberg     12th November 2020 With heavy industries in a race to prove their environmental and social credentials to increasingly demanding investors, mining took a small step backward last quarter. ESG perceptions of mining deteriorated slightly, with the most negativity coming from community relations and human rights,... 

Newmont leads ESG ranking of mining companies with Rio last

Kumba mulls solar, green hydrogen potential in sustainability drive  

By: Marleny Arnoldi     11th November 2020 Like the rest of the Anglo American group, iron-ore miner Kumba is developing solar energy generation capacity and is investigating green hydrogen as a renewable energy source for mining activities. Presenting on the highlights of the company's sustainability report, which follows on the... 

Kumba mulls solar, green hydrogen potential in sustainability drive
Kumba CEO Themba Mkhwanazi

Fortescue plans global green energy drive

By: Reuters     11th November 2020 Australian mining magnate Andrew Forrest outlined ambitious plans on Wednesday to build a renewable energy business, aiming to compete with oil giants to provide low-cost green energy globally. Billionaire Forrest, who turned Fortescue Metals Group over two decades into the world's... 

Fortescue plans global green energy drive
Australian mining magnate Andrew Forrest

Nigerian billionaire plans to dig platinum mine in Zimbabwe

By: Bloomberg     11th November 2020 Bravura Holdings, owned by Nigerian billionaire Benedict Peters, has $1-billion available for the development of a platinum mine in Zimbabwe, its country manager said. The 3 000 ha concession where it plans to dig the mine is in Selous, 80 km south of Zimbabwe’s capital Harare and close to... 

West African court finds Guinea responsible for 2012 mine site killings

By: Reuters     11th November 2020 West Africa's top court held Guinea responsible on Tuesday for the killing of six villagers and the illegal arrest, injury or torture of 15 others during a protest near an iron-ore mine project owned by Brazil's Vale and an Israeli billionaire. The Economic Community of West African States... 

Anglo procures LNG-fuelled Capesize vessels to transport iron-ore 

By: Marleny Arnoldi     10th November 2020 Diversified miner Anglo American has awarded a ten-year charter contract for four liquefied natural gas- (LNG-) fuelled Capesize vessels to transport the company’s iron-ore to international customers. This introduces LNG into Anglo’s chartered fleet for the first time.  

Fortescue inks iron-ore MoUs

By: Esmarie Iannucci     10th November 2020 Iron-ore miner Fortescue Metals has inked between $3-billion and $4-billion worth of memoranda of understanding (MoUs) with Chinese steel mills, procurement partners and financial institutions. The company this week revealed that it had signed 12 MoUs with long-term partner and major shareholder... 

Fortescue inks iron-ore MoUs

Former Sishen COO takes helm at ArcelorMittal Canada

By: Mariaan Webb     10th November 2020 Steel and iron-ore major ArcelorMittal Canada has appointed Mapi Mobwano, who has worked in the South African mining industry for two decades, as president and CEO. Before joining ArcelorMittal as GM and COO in July last year, Mobwano was COO of Anglo American’s Sishen iron-ore mine, in the... 

Former Sishen COO takes helm at ArcelorMittal Canada
Mapi Mobwano says he will work to make ArcelorMittal Canada a 'global reference in the mining industry'.

English judge blocks £5bn Brazil lawsuit against BHP over burst dam

By: Reuters     9th November 2020 A £5-billion English lawsuit against Anglo-Australian mining giant BHP has been blocked, in a blow to a 200000-strong Brazilian claimant group, seeking damages after a devastating dam failure in 2015. A High Court judge in Manchester, northwestern England, struck out the largest group claim in... 

Brazil's Vale to launch WeChat platform for iron-ore spot sales in yuan

By: Reuters     9th November 2020 Brazilian miner Vale said on Monday it plans to launch an iron-ore spot trading platform on Chinese mobile app WeChat with the Beijing Iron Ore Trading Center Corporation (Corex) in early 2021 to facilitate yuan-denominated transactions. Vale said it would be able to streamline and speed up its... 

Beowulf launches capital raising

By: Creamer Media Reporter      6th November 2020 London-listed Beowulf Mining has announced it will raise about £7.3-million to advance its portfolio of assets in Sweden, Finland and Kosovo. The company will conduct an open offer of up to 225 841 752 new ordinary shares to qualifying shareholders at 3.16p a share on a pre-emptive basis to... 

Gudai-Darri airport takes flight

By: Esmarie Iannucci     6th November 2020 Construction at mining major Rio Tinto’s $2.6-billion Gudai-Darri iron-ore project, in the Pilbara, is progressing well, with the company cutting the ribbon at the project’s airport. Gudai-Darri, previously known as the Koodiaderi mine, will be the company’s first intelligent mine, incorporating... 

Hancock profits soar to A$4bn

By: Esmarie Iannucci     4th November 2020 Iron-ore miner Hancock Prospecting has reported a A$4-billion net profit after tax for the full 2020 financial year, up from the A$2.6-billion reported in 2019. The miner this week revealed that revenue from iron-ore sales increased to A$10.5-billion in the 2020 financial year, up from... 

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