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Iron Ore News

Kumba closes in on empowerment deal

By: Terence Creamer     18th February 2005 Diversified South African miner Kumba Resources has identified possible black economic empowerment (BEE) partners and is working with its parent, Anglo American, on a deal that should be concluded by the middle of this year. 

Ferrochrome accident report next week

By: Martin Czernowalow     4th January 2005 The South African Department of Minerals and Energy (DME) will next week release its report on the cause of a mining accident in which seven mineworkers were killed last month at a ferrochrome-mine in the North West Province. 

CVRD to develop slab plant with ThyssenKrupp

6th December 2004 Brazil's Companhia Vale do Rio Doce (CVRD), the largest producer of iron-ore and pellets in the world, and ThyssenKrupp Stahl AG, one of the largest European steelmakers, have signed a memorandum of understanding (MoU) for the construction of an integrated slab plant in Brazil. 

Iron-ore boom continues - report

26th November 2004 The iron-ore boom continues, the United Nations Conference on Trade and Development (Unctad) says in its latest report. 

Miner and steelmaker sign iron-ore contract

26th November 2004 The world’s largest producer of iron-ore, Companhia Vale do Rio Doce (CVRD) and one of the major steelmakers in the world, Posco, signed a ten-year contract for the supply of up to 103-million tons of iron-ore fines from April, 2005 to March, 2015, CVRD reported last week. 

Iron-ore boom continues - report

16th November 2004 The iron-ore boom continues, the United Nations Conference on Trade and Development (Unctad) says in its latest report. 

Kumba outsources stevedoring at Saldanha

4th November 2004 Diversified metals and mining company Kumba Resources yesterday said that its subsidiary, Sishen Iron Ore Company, has signed a five-year contract with Greystones Cargo Systems to perform the stevedoring function on iron-ore exports at the port of Saldanha. 

Spoornet studies second iron-ore export channel

26th October 2004 South African rail utility Spoornet, in its quest to satisfy the growing demand for capacity on its railway lines to export iron-ore, announced yesterday that it is conducting a prefeasibility study regarding the opening of a new iron-ore export channel through the Port of Maputo. 

Green light for $55m Oz iron-ore expansion

19th October 2004 Australian Stock Exchange-listed Portman has cemented its long-term future as an independent Australian iron-ore producer, after announcing yesterday board approval for a $55-million expansion of its 100%-owned Koolyanobbing operations in Western Australia, to increase production from... 

Good results from banded-ironstone study

By: Martin Zhuwakinyu     8th October 2004 A prefeasibility study into a project to mine and process banded ironstone at Kumba Resources’ Thabazimbi mine has produced ‘highly-favourable’ results, but a senior executive says a decision on whether to proceed with the project will be made at the completion an ongoing... 

BHPB in JV with Chinese iron-ore companies

29th September 2004 Mining giant BHP Billiton yesterday announced the signing of the formal agreement for the Wheelarra Joint Venture with four of China's leading steel mills and its existing Japanese joint venture partners, Itochu Minerals & Energy of Australia and Mitsui Iron Ore Corporation. 

Hope Downs dispute a technicality - Kumba

By: Martin Czernowalow     10th September 2004 South African mining giant Kumba Resources is confident that it will be successful in the arbitration of a dispute with its partner in an Australian iron-ore project, saying the dispute arose as a result of a technicality. 

First steps in Kumba-Transnet rail talks

By: Martin Czernowalow     10th September 2004 South African transport utility Transnet confirmed last week that it has already held the first meeting with Kumba Resources ahead of negotiations to review their current agreement regarding the transportation and handling of iron-ore from Kumba’s Sishen mine, in the Northern Cape, to the... 

The mathematics of iron-ore

By: Terence Creamer     3rd September 2004 Serious efforts are being made to narrow the gap between the export desires of South Africa’s iron-ore miners and the capacity of the country’s railway and harbour infrastructure. 

Hope Downs dispute a technicality - Kumba

By: Martin Czernowalow     3rd September 2004 South African mining giant Kumba Resources is confident that it will be successful in the arbitration of a dispute with its partner in an Australian iron-ore project, saying the dispute arose as a result of a technicality. 

BHPB iron-ore deal likely to spur Pilbara expansion

31st August 2004 Diversified mining giant BHP Billiton's $3,7-billion iron-ore deal with Japan's JFE Steel is likely to facilitate approval by BHP Billiton's board of a $1,5-billion expansion of its Pilbara iron-ore operations, in north western Australia, UBS resources analyst Glyn Lawcock said. 

Kumba and Transnet to review iron-ore export tariff

By: jenny furness     30th August 2004 Diversified metals and mining company Kumba Resources and national transport and logistics company, Transnet, on Friday announced that they will jointly review their current agreement regarding the transport and handling of iron-ore from Kumba's Sishen mine in the Northern Cape to the export... 

Motsepe pursues 'cash-generative' acquisition

By: Terence Creamer     27th August 2004 Empowered South African resources group African Rainbow Minerals (ARM) revealed last week that it is considering three cash-generative acquisition targets and will make an announcement in this regard before February. 

BHPB in iron-ore alliance with Japanese steel group

27th August 2004 Mining giant BHP Billiton yesterday announced its intention to form a joint venture with Japan's JFE Steel Corporation, a recently merged entity of Kawasaki Steel Corporation and NKK. 

Kumba moves to untangle Hope Downs contractual issues

By: Martin Czernowalow     25th August 2004 South African iron-ore giant Kumba Resources expects to make an announcement towards the end of the year about its Australian iron-ore joint venture project, the company confirmed yesterday. 

BHPB mulls Indian iron-ore options

23rd August 2004 Mining giant BHP Billiton on Friday confirmed that it has held preliminary discussions with representatives of the state government of Orissa in India about options for its iron-ore business. 

Ferrochrome project capex rises to R1,67bn on reconfiguration

By: Martin Zhuwakinyu     20th August 2004 The first phase of the Lion ferrochrome-smelter project in Mpumalanga, being implemented by diversified resources group Xstrata and empowered minerals company South African Chrome and Alloys (SA Chrome), has been reconfigured to include the addition of a second kiln at a cost of R200-million. 

Iron-ore empowerment options

By: Terence Creamer     20th August 2004 Anglo’s share overhang makes equity BEE attractive, but Kumba would prefer an asset-level package. 

ARM seeks ‘cash-generative’ acquisition

By: Terence Creamer     19th August 2004 Empowered South African resources group African Rainbow Minerals (ARM) revealed yesterday that it is considering three cash-generative acquisition targets and will make an announcement in this regard before February. 

R4,3-billion iron-ore expansion for Kumba

By: andrew lanham     13th August 2004 Kumba needs to grow or become insignificant in the global sea borne iron-ore industry, iron ore GM Matie von Wielligh explains to Mining Weekly. 

Miner responds to strong China iron-ore demand

21st July 2004 Iron-ore producer Portman has affirmed a strong demand outlook for its product in the key Chinese market after posting a new record for first-half ore shipments of 2,72-million tons from its 100%-owned Koolyanobbing operations in Western Australia. 

Senegal iron-ore project gains momentum

By: Helene Le Roux     16th July 2004 Metals and mining company Kumba Resources plans to start groundwork on its prefeasibility study for the Faleme iron-ore project in Senegal in October this year.?Last week, the company signed an agreement with Miferso, a project development firm owned by the Senegalese government, which granted it... 

Miner on China-SA trade deal

By: Martin Czernowalow     9th July 2004 A free-trade agreement between South Africa and China would further enable the development of synergies between the two countries, building on already-strong trade and economic links that exist. 

Kumba studies $950m Senegal iron-ore project

8th July 2004 Mining company Kumba Resources yesterday signed an agreement with Miferso, a Government of Senegal-owned project development company, granting it the right to conduct and develop a pre-feasibility study on the Faleme iron-ore project situated in the south-eastern region of the country. 

Ferrochrome producer reports lower earnings

5th July 2004 South Africa’s SA Chrome and Alloys last week posted an operating loss before interest, tax and depreciation of R23,4-million for the financial year ended March 31. 

N Cape iron-ore rail network gets billion-rand overhaul

By: Helene Le Roux     2nd July 2004 Iron-ore mining companies in the Northern Cape are making substantial investments in upgrading their rail infrastructure.?One of the biggest rail consulting practices in Africa, R&H Consultants, in Johannesburg, reports that it is currently involved with rail infrastructure upgrading projects... 

SA firm in ferrochrome offtake deal with China

30th June 2004 In the build-up to its imminent listing on the Australian Stock Exchange, International Ferro-Metals (IFM) – previously known as Transvaal Ferro-Chrome – has signed a framework agreement with the Chinese Jiuquan Iron and Steel Company (Jisco). 

CVRD sells CST stake to Arcelor

30th June 2004 The world’s largest iron ore producer Companhia Vale do Rio Doce (CVRD) yesterday announced that it has signed a contract with Arcelor, the world's largest steelmaker, to sell CVRD's stake in Companhia Siderurgica de Tubarao (CST). 

Assmang plans new R1,8bn iron-ore project

By: andrew lanham     25th June 2004 Beeshoek iron-ore mine is alive with plans for the future. The preparation of a bankable feasibility study for the establishment of a new mine at Assmang’s Bruce King Mokaning deposits near Sishen iron-ore mine is under way. At the same time, preparations are under way for a new openpit at... 

Wheel loader puts iron-ore overburden removal into high gear

11th June 2004 Contracted to move overburden at the Kumba Resources Sishen iron-ore mine, Hitricon is involved in the quest to improve the delivery of value from the iron-ore resources of the Northern Cape and has invested in a Caterpillar 994D High Lift wheel loader from Barloworld Equipment Mining in Kuruman. 

Aussie miner plans iron-ore entry

27th May 2004 Australian miner Gindalbie Gold has secured the backing of Malaysian industrial and steel conglomerate Melewar Industrial for its plans to enter the iron-ore industry in Western Australia. 

Kumba in five year iron-ore deal with Corus

By: Terence Creamer     26th May 2004 South Africa's biggest iron ore producer Kumba Resources said on Tuesday it had signed a contract with Anglo-Dutch steel group Corus for a five-year supply of Sishen iron ore. 

CVRD-Nippon in 70mt iron-ore deal

19th May 2004 The world’s largest iron-ore producer, Companhia Vale do Rio Doce (CVRD), and Japanese Nippon Steel have announced an agreement for the supply of 70-million tons of iron-ore for 2005 to 2014. 

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