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Iron Ore News

GDP returns to pre-pandemic levels, up 1.9% q/q in the first quarter

By: Donna Slater     7th June 2022 Statistics South Africa (Stats SA) reports that the country’s seasonally-adjusted gross domestic product (GDP) rose by 1.9% quarter-on-quarter in the first quarter of the year, driven primarily by the manufacturing sector, which increased by 4.9% and contributed 0.6 of a percentage point to the... 

Moody's expects most commodity prices to remain high over short term

By: Marleny Arnoldi     7th June 2022 Financial research firm Moody’s Investor Service says in its latest outlook for metals and mining that most commodity prices will remain high for the time being, supporting increases in earnings for many companies. Particularly, base metals prices will remain high and volatile, as prices for... 

Rio targets green steel in Germany

By: Esmarie Iannucci     7th June 2022 Diversified miner Rio Tinto has inked a memorandum of understanding (MoU) with Germany’s Salzgitter Group to study the optimisation of Rio’s Australian and Canadian iron-ore products for use in a green steel project, in Germany. Under the MoU, Rio Tinto and Salzgitter will explore optimisation... 

Iron-ore extends gains above $140 on optimism for China demand

By: Reuters     6th June 2022 Iron-ore topped up its biggest weekly gain in 13 weeks as traders tracked China’s moves to rein in Covid-19 restrictions that have weighed on steel demand this quarter. Futures in Singapore crept higher on Monday morning after surging more than 7% last week on optimism over China’s plans to get... 

Iron-ore extends gains above $140 on optimism for China demand

Circular economy prompting steel, oil, carbon recovery from end-of-life mine truck tyres  

By: Martin Creamer     6th June 2022 Highest and best use of ultra-large end-of-life mine truck tyres is being brought about by a change to the model in which resources are mined, made into products, and then become waste. Just one of these giant tyres can weigh 4.5 t and stand 14 feet tall. Put five of the 63-inch variety into a... 

Picture supplied.
Kal Tire’s Dan Allan speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Iron-ore set for biggest weekly gain since March on China hopes

By: Bloomberg     3rd June 2022 Iron-ore headed for the biggest weekly gain in three months as demand prospects brightened after Covid cases eased in China, stockpiles fell and the country vowed to carry out policies to stimulate growth. Futures in Singapore have surged past $140 a ton as China front-loads infrastructure... 

Copper furnace component supply in final stage

By: Halima Frost     3rd June 2022 South Africa-based foundry and engineering company Thos Begbie has shipped the last of three batches of copper furnace components to a metal smelting and recycling firm, in Germany. The third and final batch was shipped last week and arrived at its destination on time. 

A copper cast Lander chute with tapoholes used in a flash furnace to skim slag off molten copper
COPPER CHUTE The copper components for a new German client requires the use of raw, pure copper

New system benefits mining operations

By: Sabrina Jardim     3rd June 2022 Global mining specialist and supplier of equipment and systems for openpit and underground mining, bulk materials handling and minerals processing company TAKRAF has introduced a materials handling system that links a mine to the final point of ore discharge at its processing facilities,... 

An image depicting first ore at the head drive station of the gearless drive overland conveyor, in Chile
CONVEYOR ‘COPPER’ATION First ore at the head drive station of the gearless drive overland conveyor, in Chile

Converter to be supplied to smelter

3rd June 2022 Metallurgical industry plant supplier SMS group has been selected to supply a Peirce-Smith Converter for converting nickel matte for the production of batteries to global nickel exporter Société de Nickel de Nouvelle Calédonie et Corée (SNNC) in South Korea. The supply will fast-track the... 

A group of gentlemen representing furnace component manufacturer and SMS group and nickle exporter SNNC holding a sign announcing the conclusion of their contract signing meeting
A GOOD SIGN The contract signing ceremony between SMS group and SNNC held earlier this year in South Korea

New filters for alumina plant

3rd June 2022 Mining plant and machine supplier thyssenkrupp Mining Technologies and diversified natural resources producer Eurasian Resources Group (ERG) in February signed a contract for the supply and replacement of four electric filters at the Pavlodar Alumina Plant, part of the Aluminium of Kazakhstan... 

Two men in suits sitting at a table signing the documentation for the or the supply and replacement of four electric filters between thussenkrup and Eurasian Resources Group
PEN TO PAPER The signing ceremony of the contract or the supply and replacement of four electric filters

Supplier for Brazil ferronickel mine chosen

3rd June 2022 Industrial engineering and equipment multinational FLSmidth has been chosen as the supplier of the rotary kiln and rotary dryer for the Araguaia Niquel Metais ferronickel mine in the state of Pará in the northern region of Brazil. The order was booked in the first quarter of 2022 and is valued at... 

A large rotary kiln and drier system manufactured by FLSmidth is being delivered to the rAaguaia Niquel Metais ferronickel mine in Brazil
TURNING POINT The rotary kiln and drier supplied by FLSmidth is being delivered to the ferronickle mine in Brazil

Service provider continues to expand its fleet

By: Halima Frost     3rd June 2022 Demolition solutions provider Jet Demolition has steadily expanded its fleet of equipment to befit projects that facilitate relines and repairs on furnaces and kilns of all types. Furnace demolition projects generally represent a smaller proportion of the company’s scope, as furnace demolition... 

A large yellow Hyundai rock breaking machine used inside a furnace to break down the ceramic inner walls of a furnace
INSIDE JOB Jet Demolition offers solutions to work inside confined spaces such as on furnaces

BHP's neighbours to benefit from wind fences

By: Esmarie Iannucci     2nd June 2022 Mining major BHP has awarded contracts for Australia’s first wind fences, designed to reduce dust emissions as part of BHP’s A$300-million air quality commitment. The fences will be built in Port Hedland by CIMIC Group’s CPB Contractors under a A$130-million contract. 

Image shows an iron-ore stockpile at a BHP operation

Automated shiploaders on the way at BHP

By: Esmarie Iannucci     2nd June 2022 Diversified miner BHP has started testing two new automated shiploaders at its Port Hedland export facility in the Pilbara. In what is a world first, 3D laser scan technology has been used in the A$50-million project, which will fully automate eight shiploaders by 2023, and is aimed at... 

Far-reaching JSE reforms highlighted at exploration-focused Junior Indaba 

By: Martin Creamer     1st June 2022 The June 1 launch of the JSE’s new Cutting Red Tape initiative to make listing on the JSE considerably easier, faster and more sustainable is twinning with JSE’s recent private placements inventiveness that provides for the raising of capital in the private market for minerals exploration and the... 

Picture supplied by JSE.
JSE head of origination and deals Sam Mokorosi.

Ferrexpo declares interim dividend

By: Mariaan Webb     31st May 2022 Swiss-headquartered Ferrexpo, which operates mines in Ukraine, has declared an interim dividend of 13.2c a share, reflecting the continued operational performance by its business and favourable market demand for its iron-ore products. This is the first dividend announcement by the group for the... 

Transnet increasing rail and port capacity allocation for emerging miners 

By: Martin Creamer     30th May 2022 To reduce barriers to entry, improve the ease of doing business and support transformation of the mining sector, measures are to be implemented to increase rail and port capacity allocation for emerging miners, Transnet announced on Monday. Improving access to loading facilities, and simplifying... 

Picture from Creamer Media files.
Rail capacity allocation for emerging miners to be increased.

Unions back Baffinland’s request to up Mary River production

By: Creamer Media Reporter      30th May 2022 The International Union of Operating Engineers, Local 793 and International Union of Operating Engineers (IUOE) have urged the federal government to approve Baffinland Iron Ore's request for an emergency order to allow the company to increase production at the Mary River mine through to the end... 

Former Transnet CEO Siyabonga Gama arrested

By: News24Wire      27th May 2022 Five former Transnet officials have been arrested by the Hawks and the National Prosecuting Authority's Investigating Directorate on Friday morning on charges of fraud, corruption and money laundering. News24 has established that two of the five include former Transnet CEO Siyabonga Gama and Eric... 

Former Transnet CEO Siyabonga Gama
Photo by Creamer Media
Former Transnet CEO Siyabonga Gama

Botswana mining sector on the rebound

By: Halima Frost     27th May 2022 The Botswana mining sector is on the rebound, following the onset of the Covid-19 pandemic, as well as the sustained period of subdued commodities prices from 2015 to 2019, industry organisation Botswana Chamber of Mines CEO Charles Siwawa tells Mining Weekly. He adds that the rebound can be... 

A large uncut diamond on a bed of black kimberlite from a mine in Botswana
DIAMOND IN THE ROUGH The mining sector in Botswana holds great potential for investors according to the Botswana Chamber of Mines

Demo plant, feasibility studies progressing

27th May 2022 Manganese development company Giyani Metals announced progress on its demonstration (demo) plant and feasibility study (FS) for its Botswana-based manganese oxide project, the K.Hill project, and on exploration and corporate activities, in March. At the time, Giyani said that the design of the... 

A team of mine staff working on test drilling and studies at the owned by Giyani Metals K.Hill project in Botswana
DIGGING FOR RESULTS The feasibility studies and demonstration plant at the K.Hill project owned by Giyani Metals in Botswana is making progress

South Africa must reform its regulatory environment, make itself investor-friendly – simple  

By: Martin Creamer     26th May 2022 South Africa must reform its regulatory environment and make itself investor-friendly – simple. That is the straight-forward view of Dr Mathews Phosa, who was speaking to Mining Weekly in his capacity as the non-executive vice-chairperson of the high-flying Jubilee Metals Group plc, a London Aim-... 

Picture supplied
Jubilee's Dr Mathews Phosa interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Hydrogen can be stored in existing fossil fuel infrastructure for years, world webinar hears  

By: Martin Creamer     26th May 2022 Hydrogen can be stored in existing fossil fuel infrastructure for years if need be, giving it the potential to become a universal energy carrier in the same way as oil is now but without the environmental impact, World Hydrogen Leaders webinar heard this week. Allowing hydrogen to make use of... 

Picture provided.
Hydrogenious LOHC Technologies strategy and implementation head Dr Andreas Lehmann.

Macarthur subcommittee to decide Lake Giles fate

By: Esmarie Iannucci     26th May 2022 ASX and TSX-V listed Macarthur Minerals has appointed a strategic sub-committee to assist the board in planning the development of its Lake Giles iron project, in Western Australia. The sub-committee will be focused on producing the Macarthur’s strategic partner action plan, drawing together the... 

Commodities in 'perfect storm' says ERG, as crisis starts super cycle

By: Reuters     26th May 2022 Years of under-investment in mining of metals essential to energy transition, supply shocks and high energy prices will continue to drive commodity prices higher, Eurasian Resources Group (ERG) CE Benedikt Sobotka said on Wednesday. Combined with Covid-related logistical issues and demand for... 

Platinum-boosted South African hydrogen electrolyser leaps ahead   

By: Martin Creamer     25th May 2022 The proof-of-concept of the platinum group metals-boosted advanced alkaline electrolyser – the AAE ­– has been successfully completed by Hydrox Holdings of Randburg in a pioneering achievement that offers the potential for South Africa to enter the fray as world demand for hydrogen electrolysers... 

Creamer Media photographer.
Hydrox CEO Corrie de Jager interviewed by Mining Weekly’s Martin Creamer.

Ironveld to buy, refurbish mothballed smelter complex

By: Marleny Arnoldi     24th May 2022 Aim-listed Ironveld has signed heads of terms to acquire 100% of embattled Ferrochrome Furnaces’ (FCF’s) share capital. Ironveld has a high-purity iron, vanadium and titanium project located in the Northern Limb of South Africa’s Bushveld Complex.  

DWS stresses commitment to Phase 2 of the Vaal Gamagara Water Supply Scheme

By: Yvonne Silaule     20th May 2022 The Northern Cape stands to benefit to the tune of R10-billion when Phase 2 of the Vaal Gamagara Water Supply Scheme (VGWSS) is implemented, Water and Sanitation Minister Senzo Mchunu has announced. The construction of the bulk water supply project is critical to both the mining sector and... 

China's Sinosteel signs $680m iron-ore mine deal with Cameroon

By: Reuters     20th May 2022 Cameroon's government has signed a 420-billion CFA franc ($675.96-million) high-grade iron-ore mining deal with a subsidiary of Sinosteel Corporation Limited, as China seeks new sources of the steel-making ingredient. Sinosteel Cam, the Cameroonian subsidiary of the state-owned Chinese miner,... 

BHP still sees room to negotiate with Samarco's creditors

By: Bloomberg     20th May 2022 BHP Group is willing to protect its joint venture in Samarco Mineracao, saying it sees room to negotiate with financial creditors in the Brazil miner’s debt restructuring. “We’re absolutely committed to making sure that Samarco is reset to be the sustainable operation it always has been and... 

The River Doce in January 2022. The collapse of a tailings dam in 2015 destroyed indigenous lands along the banks of the river.
The River Doce in January 2022. The collapse of a tailings dam in 2015 destroyed indigenous lands along the banks of the river.

Afrimat earnings grow on back of normalised volumes, strong iron-ore price 

By: Marleny Arnoldi     19th May 2022 JSE-listed construction materials, industrial minerals and bulk commodities supplier Afrimat performed well in the financial year ended February 28, on the back of favourable iron-ore prices, an expeditious turnaround of the Nkomati anthracite project and a return to normal volumes in both the... 

Afrimat CEO Andries van Heerden
Afrimat CEO Andries van Heerden

Vale-BHP JV Samarco's financial creditors plan to take over the company

By: Reuters     18th May 2022 An alternate restructuring plan for Samarco Mineracao SA, a joint venture between Vale and BHP Group, proposes that financial creditors take control of the company. The plan filed by a group of bondholders is expected to replace Samarco's debt restructuring proposal, which was rejected last... 

Collaboration needed to make South African mining globally competitive again – CSIR 

By: Martin Creamer     18th May 2022 Concern about mineral resource scarcity is widespread and, at the same time, many countries, such as Australia, Canada and China, are investing significantly in strengthening their mining-related research, development and innovation (RDI) capabilities. “This makes cost and differentiation... 

Picture supplied.
CSIR CEO Dr Thulani Dlamini

Champion Iron spots pellets opportunity in Sept-Iles, Québec

By: Mariaan Webb     18th May 2022 Canada-based iron-ore miner Champion Iron has announced the acquisition of the Pointe Noire pelletising plant, located next door to the port facilities that it currently uses, with a view of recommissioning the plant to produce direct reduction-grade pellets. A subsidiary of Champion will buy... 

Forrest retakes reins at Fortescue as Gaines steps aside

By: Esmarie Iannucci     18th May 2022 Iron-ore major Fortescue Metals on Wednesday announced a swathe of changes to its leadership structure, which will see founder Dr Andrew Forrest retake leadership once current CEO Elizabeth Gaines steps aside in August. Forrest will specifically be overseeing Fortescue’s iron-ore business, in... 

Andrew Forrest
Andrew Forrest

Troy signs away some mining rights in Brazil

By: Esmarie Iannucci     16th May 2022 Gold miner Troy Resources has struck a $4-million deal for the lease and assignment of non-core mining rights in Brazil. The company on Monday announced that it had solidified a letter of intent inked in April, allowing Brazilian company PST Empreendimentos e Participacoes over certain mining... 

WA approves A$332m port spend

By: Esmarie Iannucci     16th May 2022 The Western Australian government will invest some A$332-million into the Mid West Ports Authority's Port Maximisation project, to meet increased demand for Geraldton Port services. The Port Maximisation project will be delivered over four years, facilitating growth by allowing Mid West Ports... 

BHP plans to double spending with Indigenous vendors

By: Esmarie Iannucci     13th May 2022 Diversified miner BHP’s iron-ore division is aiming to more than double its spend with Indigenous vendors to more than A$300-million by the end of the 2024 financial year. BHP asset president Western Australian iron-ore Brandon Craig said BHP wanted to do much more to build sustainable,... 

Image shows iron-ore operations in the Pilbara
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