R/€ = 17.34 Change: -0.04
R/$ = 14.59 Change: -0.03
Au 1814.19 $/oz Change: -1.17
Pt 1051.85 $/oz Change: -26.65

Iron Ore News

CZR closes SPP

By: Esmarie Iannucci     9th July 2021 Junior CZR Resources has completed a A$283 000 share purchase plan (SPP) as part of a larger capital raise effort. The explorer in June announces plans to raise A$7-million through a share placement to sophisticated and professional investors, in conjunction with the SPP.  

Explosives demand in Africa picking up

By: Darren Parker     9th July 2021 With demand for explosives improving, mining explosives technology company BME, part of JSE-listed Omnia Group, has been successfully maintaining supply to customers across Africa. BME GM Ralf Hennecke notes that this was despite the disruptions and cross-border challenges the company faced. He... 

A SALTY PROPOSITION BME’s high-quality, double salt emulsions release minimal carbon emissions and noxious fumes in blasting
A SALTY PROPOSITION BME’s high-quality, double salt emulsions release minimal carbon emissions and noxious fumes in blasting

Rio and POSCO join forces on low-carbon options

By: Esmarie Iannucci     8th July 2021 Major Rio Tinto has signed a memorandum of understanding (MoU) with South Korean steel major POSCO to jointly explore, develop and demonstrate technologies to transition to a low-carbon emission steel value chain. The partnership will explore a range of technologies for decarbonisation across... 

Rio and POSCO join forces on low-carbon options

Similar magnetite-rich mineralisation found in Block 2a of Tsodilo’s XIF project

By: Donna Slater     7th July 2021 Drill and assay results of TSX-V-listed diamond and metals explorer Tsodilo Resources’ Xaudum Iron Formation (XIF) project, in the Ngamiland region, in Botswana, confirm that Block 2a, located 10 km south of Block 1, is a continuation of the same Block 1 magnetite-rich units. This, the company... 

Fortescue awards major contract to Aboriginal business

By: Esmarie Iannucci     7th July 2021 Iron-ore major Fortescue has awarded a A$350-million, five-year contract under its Billion Opportunities programme to Aboriginal business Warrikal, following a competitive tender process. The contract would provide for maintenance and shutdown services across Fortescue’s Pilbara operations.  

Carpentaria raises cash for Hawsons BFS

By: Esmarie Iannucci     6th July 2021 ASX-listed Carpentaria Resources will raise A$35.6-million through a share placement and a 1-for-2.6 underwritten entitlement offer, to fund a bankable feasibility study for its Hawsons iron project, in New South Wales. The share placement will consist of 54.3-million shares, priced at 15c a... 

Iconic South African mines are ravaged economy’s unlikely saviour

By: Bloomberg     6th July 2021 The world’s deepest precious-metals mines, together with giant iron-ore and coal pits are providing an unexpected boon to a South African economy slowly recovering from its biggest contraction in a century. Surging demand and prices for commodities including platinum-group metals, iron-ore,... 

FFI flies through June targets

By: Esmarie Iannucci     6th July 2021 The energy arm of iron-ore major Fortescue, Fortescue Future Industries (FFI) on Tuesday announced that it had completed all of its key projects targeted for June 30, as part of its initial decarbonisation target. FFI in March this year announced several key projects, including developing a ship... 

Fortescue chairperson Andrew Forrest
Photo by Bloomberg
Fortescue chairperson Andrew Forrest

Vale to use unmanned equipment to help shut down two dams

By: Reuters     5th July 2021 Brazilian miner Vale will use unmanned equipment for the removal of iron-ore mining waste to help shut down two dams at imminent risk of collapse in Minas Gerais state, according to a securities filing on Monday. The announcement comes two years and four months after the collapse of a tailings... 

Razorback PFS proves up

By: Esmarie Iannucci     5th July 2021 A prefeasibility study (PFS) into the Razorback high-grade iron-ore project, in South Australia, has found that the project would require a capital investment of between A$572-million to A$675-million to develop. Based on a mining rate of 20-million tonnes a year, the project would require a... 

Mining vital to economy, can help guide country's path – President 

By: Martin Creamer     5th July 2021 Mining is vital to the South African economy and the opportunities that exist in mining can help guide the country’s path to a more inclusive and equitable economy, President Cyril Ramaphosa stated on Monday. Writing in his From the Desk of the President column, Ramaphosa placed mineral and... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Global copper smelting eases in June; nickel pig iron jumps

By: Reuters     2nd July 2021 Global copper smelting activity slipped in June after a rebound a month earlier as Chinese plants closed for maintenance, data from satellite surveillance of copper plants showed. Satellite service SAVANT and broker Marex said in a joint statement on Friday that they were now monitoring nickel... 

Brazil iron-ore exports hit 9-month high in June

By: Reuters     2nd July 2021 Brazil's iron-ore exports reached 33.68-million tonnes in June, the highest volume in nine months, as major producers like Vale shipped more in response to higher international prices, official government data showed on Thursday. June exports were up 12.2% compared with the same month last year,... 

Brazil iron-ore exports hit 9-month high in June

Autonomous trucks made Brucutu safer, says Vale as 100Mt milestone is reached

By: Creamer Media Reporter      2nd July 2021 Autonomous offroad trucks at the Brucutu mine have moved 100-million tons of material since the implementation of autonomous hauling in 2016, and Brazilian major Vale says that the mine’s safety and environmental performance have improved. In the five years with vehicles without an operator in... 

Autonomous trucks made Brucutu safer, says Vale as 100Mt milestone is reached

Vale touts bubbles to reduce shipping emissions

By: Creamer Media Reporter      1st July 2021 South American iron-ore major Vale is testing an ‘air bubble’ technology on one of its ore carriers, which it hopes could reduce greenhouse gas emissions from navigation. The technology, known as air lubrication produces a carpet of bubbles under the ship's hull. These bubbles reduce the... 

The technology, known as air lubrication, was installed in the Sea Victoria.
The technology, known as air lubrication, was installed in the Sea Victoria.

Minerals Council calls for govt intervention in Richards Bay 

By: Simone Liedtke     30th June 2021 The Minerals Council South Africa has condemned the ongoing acts of violence, criminal activity, serious threats to security and failures by law enforcement agencies to perform their constitutional mandate to uphold the rule of law and order that are impacting on mining companies with operations... 

Glencore paid governments $5.8bn, working hard to develop local skills

By: Martin Creamer     30th June 2021 As one of the world’s largest natural resource companies, with operations across five continents, Glencore is committed to delivering long-lasting socioeconomic benefits, CFO Steven Kalmin on Wednesday. Speaking on video with the release of Glencore's 2020 Payment to Governments Report, Kalmin... 

Glencore CFO Steven Kalmin
Photo by Creamer Media
Glencore CFO Steven Kalmin

Maiden reserve reported at Razorback

By: Esmarie Iannucci     30th June 2021 Junior Magnetite Mines has reported a maiden ore reserve of 473-million tonnes of iron-ore at its Razorback project, in South Australia. The company on Wednesday said that the ore reserve contained 68.5-million tonnes of iron-ore concentrate, supporting a mine life of more than 30 years, and... 

Waste cooking oil powers ship from Singapore to South Africa for Anglo  

By: Martin Creamer     29th June 2021 The use of sustainable biofuel to power a chartered capesize ship during a voyage from Singapore to South Africa has been successfully trialled as part of a decarbonisation initiative, Anglo American said on Tuesday. The biodiesel blend was produced by converting waste cooking oil from... 

The trial was conducted onboard the Frontier Jacaranda.
The trial was conducted onboard the Frontier Jacaranda.

Strike hauls first DSO in Peru

By: Esmarie Iannucci     29th June 2021 ASX-listed Strike Resources has started the haulage of lump direct shipping ore (DSO) from its Apurimac iron-ore project, in Peru, to a stockpile area close to the Port of Pisco. The company as expected to ship its first 30 000 t of DSO product to customers in China, during July o f this year,... 

Iron-ore drives Aus exports to record highs

By: Esmarie Iannucci     28th June 2021 New data from the Office of the Chief Economist has estimated that Australia’s resources and energy exports would reach a record A$310-billion in 2020-21, with nearly half of the earnings coming from iron-ore alone. Exports are expected to increase further to A$334-billion in 2021-22, before... 

Iron-ore drives Aus exports to record highs

Samarco, a Vale-BHP joint venture, plans to raise $2bn in restructuring

By: Reuters     25th June 2021 Brazilian miner Samarco Mineracao, an iron-ore joint venture between Vale and BHP Group, plans to raise $2-billion in fresh capital as part of its plan to exit bankruptcy protection, according to court documents. Samarco plans to raise the fresh funds from investors through a competitive process... 

Samarco, a Vale-BHP joint venture, plans to raise $2bn in restructuring

Goodlace appointed chairperson of Kumba

By: Simone Liedtke     24th June 2021 Iron-ore mining company Kumba Iron-Ore has appointed Terence Goodlace as chairperson, effective June 23. Goodlace, who succeeded Dr Mandla Gantsho, has considerable mining experience and has served as nonexecutive director on the Kumba board for the last four years. 

Terence Goodlace
Terence Goodlace

Kumba Iron Ore points to bumper upcoming results

By: Martin Creamer     24th June 2021 Iron-ore mining company Kumba Iron Ore on Thursday pointed to bumper upcoming financial results for the six months to June 30, with headline earnings and basic earnings for the period poised to soar above the comparative period last year by least 150% to R12 602-million and R12 612-million... 

Iron-ore being railed from Kumba Iron Ore's Kolomela operation
Iron-ore being railed from Kumba Iron Ore's Kolomela operation

Tanzanian billionaire sees business booming under new President

By: Bloomberg     23rd June 2021 Private business in Tanzania is set to expand rapidly as President Samia Hassan moves to reassure investors and improve the nation’s operating environment, according to billionaire Mohammed Dewji. Dewji expects MeTL, the industrial conglomerate he owns, to ramp up sisal output as it targets... 

Tsodilo sets sights on contributing to low-carbon steelmaking in Botswana 

By: Simone Liedtke     23rd June 2021 TSX-V-listed Tsodilo Resources has entered into a research collaboration with the Department of Chemical, Materials and Metallurgical Engineering at the Botswana International University of Science and Technology (BIUST) and Morupule Coal Mine (MCM) to undertake metallurgical studies with respect... 

Macsteel settles safeguard-duty case with DTIC and secures two-year reprieve 

By: Terence Creamer     23rd June 2021 Department of Trade, Industry and Competition (DTIC) and Macsteel have reached a legal settlement in a case brought by the steel merchant after government extended the implementation of safeguard duties on hot-rolled coil (HRC) imports in August last year. The case was settled in the High Court,... 

Macsteel settles safeguard-duty case with DTIC and secures two-year reprieve

Scoping study proves Perenjori economics

By: Esmarie Iannucci     22nd June 2021 A scoping study into the Perenjori iron-ore project, in Western Australia, has confirmed the project’s economics, owner Surefire Resources said on Tuesday. Based on an inferred mineral resource of 191.7-million tonnes, grading 36.6% iron, the scoping study indicated a low capital operation... 

Rio plans automated water trucks at Gudai-Darri

By: Esmarie Iannucci     22nd June 2021 Diversified major Rio Tinto this week revealed that it would deploy the world’s first fully autonomous water trucks at its $2.6-billion Gudai-Darri iron-ore mine in the Pilbara region. The new vehicles, primarily used for dust suppression on site, will enhance productivity by enabling mine... 

Rio plans automated water trucks at Gudai-Darri

Petropavlovsk sold stake for 75% less than rival proposal

By: Bloomberg     18th June 2021 Crisis-hit gold miner Petropavlovsk accepted a bid for an iron-ore investment, even as another bidder was prepared to pay four times as much, according to the frustrated suitor. The revelation is likely to raise fresh questions for London-listed Petropavlovsk and its board, which has been... 

Petropavlovsk sold stake for 75% less than rival proposal

One of the world’s hottest commodities is now the most volatile 

By: Bloomberg     18th June 2021 Iron-ore, one of the hottest commodities in the early days of the raw materials rally, has now become the most volatile as bulls and bears joust over the trajectory of prices. In a series of wild swings, the ore that fuels China’s vast steel industry surged to a record, collapsed into a bear... 

One of the world’s hottest commodities is now the most volatile

ArcelorMittal sells its remaining shares in Cleveland-Cliffs

By: Mariaan Webb     18th June 2021 Steel and iron-ore company ArcelorMittal North America has concluded the sale of its remaining 38.2-million shares in rival Cleveland-Cliffs and will return the value crystalised from this sale to shareholders. The company on Thursday announced a new $750-million share buyback programme of... 

300-plus vehicle fleets assessed for cleaner, safer mine mobility in five regions – ICMM 

By: Martin Creamer     15th June 2021 As part of the cleaner, safer vehicles initiative of the International Council on Mining and Metals (ICMM), more than 300 vehicle fleets have been assessed for cleaner, safer mobility on more than 300 mines in five regions globally, ICMM health, safety and product stewardship director Sarah Bell... 

ICMM health, safety and product stewardship director Sarah Bell
International Council on Mining and Metals’ Sarah Bell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Metso Outotec signs landmark contract for pelletising plant in Africa

By: Simone Liedtke     15th June 2021 Mining company Metso Outotec has signed a landmark contract for the delivery of an iron-ore beneficiation and travelling grate pelletising plant to Africa. The parties have agreed to not disclose the value of the contract. Metso Outotec has also not revealed the name of its customer or where in... 

Beowulf CEO seeks answers from Swedish govt on iron-ore mine application

By: Mariaan Webb     15th June 2021 London-listed Beowulf Mining CEO Kurt Budge has again written to the Swedish government seeking clarity on when a decision regarding its Kallak North iron-ore permit application will be forthcoming. Beowulf applied for an exploitation concession eight years ago and has since been struggling to... 

NUM to march next month over rising unemployment in Mpumalanga

By: Simone Liedtke     15th June 2021 The National Union of Mineworkers (NUM) Highveld Region is preparing to march against continued retrenchments, outsourcing, use of labour brokers and the increasing unemployment rate in the Mpumalanga province. The march, to be held on July 15, will be targeted at State-owned utility Eskom, as... 

Congo picks Australia's Fortescue to develop giant hydro project

By: Reuters     15th June 2021 Democratic Republic of Congo's (DRC's) government said on Tuesday Fortescue Metals Group would develop the Grand Inga hydroelectric power project, including a 4,800-megawatt dam that has already been committed to Chinese and Spanish developers. Australia's Fortescue confirmed earlier on Tuesday... 

Andrew Forrest
Andrew Forrest

Tanzania to add gold to reserves, resume $3bn iron project

By: Bloomberg     14th June 2021 Tanzania launched a new gold refinery as its central bank plans to start buying the metal to diversify its reserves. The Mwanza Precious Metal Refinery is able to process 480 kg of gold a day and plans to double the capacity in a few months, Tanzanian President Samia Suluhu Hassan said in a... 

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