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Iron-ore

Nigeria to grant mining licences only to companies that process locally
28th March 2024 By: Reuters

Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson confirmed on... 


Ironveld smelter
Ironveld ramp-up slower than expected
28th March 2024 By: Darren Parker

Although high-purity iron, vanadium and titanium producer Ironveld marked the first sales of metal products, including high-purity iron and titanium slag, from its Rustenburg smelter to local... 


An image of Kumba Iron Ore's Sishen mine
Kumba’s Sishen, Kolomela mines achieve IRMA 75 performance on responsible mining standard
27th March 2024 By: Tasneem Bulbulia

Anglo American subsidiary Kumba Iron Ore’s Sishen and Kolomela mines, in South Africa, have been assessed against the Initiative for Responsible Mining Assurance’s (IRMA’s) comprehensive mining... 


Arrow consolidates control with full acquisition of Simandou North
27th March 2024 By: Creamer Media Reporter

Australia-listed exploration comapny Arrow Minerals has completed the accelerated acquisition of the remaining 66.7% interest in Amalgamated Minerals. The company now has full legal and beneficial... 


Master Drilling CEO Danie Pretorius.
Mechanical cutting is going to be key for mining going forward – Master Drilling
26th March 2024 By: Martin Creamer

Mechanical cutting, in which huge progress is being made, is going to be key for the mining industry going forward, Master Drilling CEO Danie Pretorius emphasised on Tuesday, when his Johannesburg... 


An image showing new equipment at the Richards Bay Multipurpose Terminal
Richards Bay Multipurpose Terminal takes delivery of cargo handling equipment
26th March 2024 By: Tasneem Bulbulia

The Richards Bay Multipurpose Terminal (MPT) has taken delivery of new cargo handling equipment, aiding the loading of export coal, magnetite, chrome and pig iron aboard calling Cape-sized vessels.... 


The energy-efficient Lion ferrochrome smelter.
Ferrochrome benchmark price settles higher
25th March 2024 By: Martin Creamer

The European benchmark ferrochrome price for the second quarter of this year has been settled at $1.52/lb, 5.6% up on the first three months of 2024, Merafe Resources informed shareholders on... 


The Cobre Panama mine
Fortescue eyes developing its copper assets, not looking at Cobre Panama
24th March 2024 By: Reuters

Australia's Fortescue, the world's fourth-largest iron-ore miner, is looking at developing its copper resources but has not made a decision yet, its founder and executive chairperson told Reuters... 


AECI CEO Holger Riemensperger. Picture: Hush Naidoo.
Expect digital unveiling, more innovation, greenness from 100-year-old mining-wired AECI
22nd March 2024 By: Martin Creamer

Mining explosives and chemicals company AECI, which turned 100 this week, will be unveiling a digital strategy for the mining market during the course of this year. It is also looking to become... 


Iron-ore coneyance
Cadence to revise Amapá mine plan after successful optimisation study
22nd March 2024 By: Marleny Arnoldi

Aim-listed Cadence Minerals has completed a capital expenditure optimisation programme at the Amapá iron-ore project, in Brazil, identifying significant savings in processing plant recommissioning,... 


Mining explosives pioneer AECI celebrating 100 years of business at the JSE.
Stage set for mining explosives centenarian to capture global top-three spot
20th March 2024 By: Martin Creamer

The stage is set for proudly South African mining explosives trailblazer, AECI, to become the third biggest in its field globally by 2030, AECI Group chairperson Dr Khotso Mokhele told an... 


Kumba nonexecutive director Matt Walker
Kumba appoints Walker nonexec director
20th March 2024 By: Marleny Arnoldi

JSE-listed Kumba Iron Ore has appointed Matthew Walker as nonexecutive director, effective April 1. He will represent parent company Anglo American on the Kumba board.  


Vale faces $3.8bn claim in Dutch case over Brazil Mariana dam break
19th March 2024 By: Reuters

Victims of the 2015 Mariana dam break in Brazil are seeking about £3-billion ($3.8-billion) in compensation from mining companies Vale and Samarco in a new lawsuit launched in the Netherlands,... 


Blyvoor
Katoro to cease all investment in Blyvoor, Namibian Iron Ore
19th March 2024 By: Darren Parker

Following a review of the Blyvoor project in Gauteng, South Africa, and given the new direction of Aim-listed Katoro Gold and the need to focus on a clear pathway to high-value business activities,... 


Menar MD Vuslat Bayoglu.
RBCT, TFR show that private-public collaboration can work very well – Menar
19th March 2024 By: Martin Creamer

The private-sector’s Richards Bay Coal Terminal (RBCT) and the State’s Transnet Freight Rail (TFR) have shown that the private sector and State-owned entities can work together very well, Menar MD... 


Iron-ore drops below $100 on China’s persistent property crisis
Iron-ore drops below $100 on China’s persistent property crisis
15th March 2024 By: Bloomberg

Iron-ore futures fell below $100/t for the first time in seven months as investors bet that China’s years-long property crisis will run through 2024, keeping a lid on steel demand. The steelmaking... 


Exxaro media briefing.
Wind generation up, solar operational soon, Exxaro reports
14th March 2024 By: Martin Creamer

Group wind power generation last year increased by 8% and the Lephalale solar power project is on its way to being operational in the first quarter of next year, Exxaro CE Dr Nombasa Tsengwa... 


A Chrysos PhotonAssay unit
Capital achieves fourth consecutive year of strong growth
14th March 2024 By: Creamer Media Reporter

Mining services company Capital CE Peter Stokes says the company is excited for the year ahead after "another great year" in 2023, in which it achieved growth for the fourth consecutive year,... 


Exxaro CE Dr Nombasa Tsengwa.
Exxaro declares R5.4bn dividends, green energy business thriving
14th March 2024 By: Martin Creamer

Diversified mining company Exxaro, with interests in the coal, energy and ferrous markets, has declared final and special dividends. The share dividend of R10.10 a share is roughly R3.4-billion and... 


Work under way at the Black Rock manganese operation.
New level of Transnet transparency much improved – ARM
13th March 2024 By: Martin Creamer

Since the new leadership at State rail enterprise Transnet has began engaging with South Africa's mining industry, the level of transparency has been “much, much improved”, according to African... 


Arrow to expedite Simandou North work
13th March 2024 By: Mariaan Webb

Australia’s Arrow Minerals has successfully completed a A$10-million placement, paving the way for the company to drill up to 150 holes in the in the Simandou North iron project, in Guinea. “After... 


A locomotive and wagons owned by Transnet Freight Rail
Africa’s biggest freight rail market set for private operators
13th March 2024 By: Bloomberg

Africa’s biggest freight rail market is on the cusp of being transformed by private operators, the head of the operator of the continent’s largest rolling-stock fleet said. The South African... 


MCA CEO Tania Constable warns against the oversimplification of traditional commodities as mere
Australia risks losing economic backbone, mining industry warns
13th March 2024 By: Creamer Media Reporter

Minerals Council of Australia (MCA) CEO Tania Constable has warned that the nation is jeopardising its “economic golden goose” and has called for more support for the mining industry. In an... 


Iron-ore’s split with stocks shows China’s new economy in favour
12th March 2024 By: Bloomberg

China’s stock market, and the price of one of the commodities central to its economy, are sending starkly differing signals on the country’s prospects. While iron ore, used to make steel, has... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
Right things are being done with Transnet, right things will be done with Eskom – Motsepe
12th March 2024 By: Martin Creamer

Dr Patrice Motsepe, the founder and chairperson of diversified mining company African Rainbow Minerals (ARM), has expressed confidence in the direction being taken by South Africa’s State transport... 


African Rainbow Minerals (ARM) CEO Phillip Tobias.
ARM CEO commends workforce for heeding clarion call to improve volume, cost, grade
11th March 2024 By: Martin Creamer

Full ownership and execution of factors that are within management’s control are being elevated to the highest possible level by African Rainbow Minerals (ARM) CEO Phillip Tobias. ARM has sharpened... 


Iron-ore woes deepen as inventories in China keep piling up
Iron-ore woes deepen as inventories in China keep piling up
11th March 2024 By: Bloomberg

Iron-ore slumped almost 5% — heading toward the $110 a ton mark — as disappointing demand in China left the market lumbered with bulging inventories. The steelmaking material has tumbled by almost... 


China’s big policy meet offers little to excite commodity bulls
China’s big policy meet offers little to excite commodity bulls
11th March 2024 By: Bloomberg

China’s highest profile political event of the year provided little cheer for commodities bulls hoping for a jolt to demand in the world’s biggest market for raw materials. The National People’s... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
We are committed to confronting climate change – ARM
8th March 2024 By: Martin Creamer

African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe said during Friday’s presentation of dividend-yielding results that his diversified mining company is committed to... 


Photo of Martin Creamer
Menar and platinum boost make headlines
8th March 2024

In this week's episode of Second Take, Mining Weekly Editor Martin Creamer unpacks Menar’s memorandum of agreement with Gabon; high platinum demand owing to an expected 7-year high in the... 


ARM Executive Chairperson Dr Patrice Motsepe.
ARM declares interim dividend from robust net cash position
8th March 2024 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) on Friday declared an interim dividend for the six months ended December 31, when ARM had net cash of R7.9-billion. The interim dividend of... 


Exxaro warns of lower earnings on the back of decrease in export prices, weaker rand
7th March 2024 By: Darren Parker

Diversified resources company Exxaro Resources has warned shareholders that it is likely to report a 16% to 30% year-on-year decrease in headline earnings per share (HEPS) for the year ended... 


China’s commodities imports surge but demand may yet disappoint
China’s commodities imports surge but demand may yet disappoint
7th March 2024 By: Bloomberg

China’s raw materials purchases surged in the first two months of the year, as importers took advantage of weaker prices for some commodities and prepared for more stimulus from Beijing to lift... 


Incoming MD Simon Rushton
New board to spearhead Macro’s iron-ore push
6th March 2024 By: Mariaan Webb

Australia’s Macro Metals on Wednesday announced the appointment of an experienced board with a dedicated focus of developing its Pilbara iron-ore portfolio, sending the company’s stock surging on... 


Tsodilo withdraws contempt motion as Botswana Minister complies
6th March 2024 By: Darren Parker

Canadian mineral resources exploration and development company Tsodilo Resources has withdrawn its contempt motion, which sought to hold Botswana Minerals and Energy Minister Lefoko Moagi to... 


Menar MD Vuslat Bayoglu
South Africa's Menar clinches mining MoU with government of Gabon
5th March 2024 By: Martin Creamer

South Africa’s consistently advancing mining investment company Menar has signed a memorandum of agreement with the government of Gabon. “We think that Gabon is one of the promising countries when... 


Australian exploration trends shifting, impacting search for new deposits - Amec CEO
Australian exploration trends shifting, impacting search for new deposits - Amec CEO
4th March 2024 By: Creamer Media Reporter

While Australian mineral exploration expenditure reached a record high in 2023, statistics for the December quarter show that the trends are shifting to a decline in expenditure and metres drilled,... 


World-beating mining stock turns big loser thanks to China slump
World-beating mining stock turns big loser thanks to China slump
4th March 2024 By: Bloomberg

Iron-ore behemoth Fortescue’s months-long stock rally suffered a big pullback in February as investors turned sour on the company’s earnings growth and high exposure to slumping metal prices amid... 


New Bloom Lake collective bargaining agreement ratified
1st March 2024 By: Creamer Media Reporter

Dual-listed Champion Iron has announced a new collective agreement with the unionised employees of its Bloom Lake operations, in Quebec, Canada. Unionised employees represented by Syndicat des... 


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