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Iron Ore News

State won't intervene in iron-ore fight

By: Terence Creamer     3rd May 2002 Trade and Industry Minister Alec Erwin says that government would only intervene in the dispute between the State-owned Industrial Development Corporation (IDC) and mining company Stimela if it felt that the fight could jeopardise the country’s iron-ore and steel ambitions. 

Mining giant's iron-ore output rises

24th April 2002 In its quarterly production report, Rio Tinto has indicated that its iron-ore production in the first quarter of this year was 9% higher than the same period in 2001. 

Erwin will not intervene in IDC-Stimela scrap just yet

19th April 2002 Trade and Industry Minister Alec Erwin says that government would only intervene in the dispute between the State-owned Industrial Development Corporation (IDC) and mining company Stimela if it felt that the fight could jeopardise the country‚s iron-ore and steel ambitions. 

IDC has iron-ore consolidation plans

18th April 2002 The Industrial Development Corporation (IDC) issued a statement that the consolidation of the steel industry is well advanced, with the successful Iscor rights issue last week. 

450 000 rail sleepers get empowered

5th April 2002 The specialist business unit of Spoornet responsible for the transportation of iron-ore, Orex, has awarded its biggest empowerment contract yet to Sibanye, a black-owned contracting company from Vredenburg, in the Western Cape. 

$564m iron-ore project for Oz

4th April 2002 Diversified miner BHP Billiton unveiled a $564-million plan to develop a new iron-ore mine backed by South Korean steel maker Posco and expand its port facilities to seal its place as a world iron-ore giant. 

Iron-ore giant's rail allocation set at 23,5m tons

4th April 2002 Metals and mining firm Kumba and Transnet have announced the signing of a landmark agreement to support future iron ore throughput on the Sishen-Saldanha railway line, the mainspring of South Africa’s iron-ore export business. 

Still no deal on coal, iron-ore contract prices

3rd April 2002 Australia’s huge coal and iron-ore export trade to Japan has ticked over into stopgap provisional prices because of a three-month standoff over contract prices for 2002/3. 

Malawi to hold mining exhibition

By: Marcel Chimwala     29th March 2002 MALAWI - Malawi will hold a mining exhibition from July 25 to 27 in its commercial capital Blantyre to allow local and international mining companies sample the mineral potential of the country. The theme of the exhibition is mining for economic diversity. 

Resource giant halts iron deliveries

27th March 2002 Diversified miner BHP Billiton said it could not meet supply contract obligations from its iron plant in Western Australia after suspending operations because of a technical mishap. 

Avmin won't be swallowed – Menell

14th March 2002 The chief executive of South African miner Anglovaal Mining (Avmin) said his company would not be swallowed up by mining colossus Anglo American, which has bought more than a third of the group. 

Legal review on Aussie rail access

By: Terence Creamer     1st March 2002 South Africa’s leading iron-ore producer, Kumba Resources, is in the process of garnering legal opinion whether or not it has access rights, under Western Australian law, to existing rail infrastructure in the Pilbara region of that country. 

Brazilian iron-ore to Poland

By: Keith Campbell     28th February 2002 Brazilian mining, logistics and energy group CVRD has signed a letter of intent with Polish steelmakers to supply them with iron ore over 10 years, and to build a new terminal in the port of Gdansk. 

Another record at Sishen

14th February 2002 Metals and mining company Kumba Resources has announced that its Sishen Mine achieved a new milestone in its history. 

Iron-ore strikes while the steel market is hot

8th February 2002 The future of the iron-ore industry hinges firmly on the demand for crude steel. Over the last three to four years, production-output records have been achieved despite the volatility of both iron-ore and crude steel market prices, reports Minerals Bureau mineral economist for ferrous metals... 

Big ferrochrome producer to shut down operations

7th February 2002 The decision by Norway’s Elkem to shut down its ferrochrome production should have a limited effect on the market’s balance, but does reflect tough times for producers at present, traders said. 

Iron-ore giant hits a weekly output record

7th February 2002 A new all-time weekly production record of 682 347 tons of saleable products (a 2,6% improvement on the previous record) has been set by the Sishen mine during the week ending 2002-02-03. 

Ferrochrome plant to produce 175 000 t in 2002

31st January 2002 South Africa’s Assmang chrome plant has spent R750-million to raise capacity of ferrochrome alloy to more than 300 000 tons a year from about 100 000 tons despite weak metal prices, the company said. 

Iron-ore project for Western Australia

31st January 2002 Resource company BHP Billiton has approved a project to produce a new high value lump pisolite iron-ore product at its Yandi mine in Western Australia. 

Brazilian firm awards IT contract

18th January 2002 Mining and mineral information technology (IT) supplier Gemcom Software has been awarded a contract by Ferteco of Brazil to enhance its mine planning operations. 

IT and iron-ore firm forms strategic alliance

18th January 2002 International mining information technology (IT) firm Modular Mining Systems has entered into a strategic alliance with Cleveland-Cliffs, a leading supplier of high-quality iron-ore products for the North American steel industry. 

South America's mining giants – when will they move out

10th December 2001 One of the big questions in world mining today is when, where and how South American giants CVRD (Brazil) and Codelco (Chile) go international. It seems CVRD is going into China. 

Menell confirms iron-ore strategy

By: Terence Creamer     7th December 2001 The head of Anglovaal Mining (Avmin), Rick Menell, has confirmed that none of the three alliance partners holding shares in Kumba intend selling their stakes when the company is listed on the JSE Securities Exchange on Monday. 

Firm strategically positioned for growth

By: Deborah Spicer     30th November 2001 Having completed a five-year re-engineering drive, Kumba Resources is intent on making its strategic business units (SBUs) more efficient by increasing the volumes produced and critically challenging potential investments. 

SA ferrochrome plant closed

27th November 2001 Mining and energy giant BHP Billiton has announced the closure of its Palmiet Ferrochrome operation, located in Krugersdorp, South Africa, effective immediately. 

Menell confirms iron-ore strategy

By: Terence Creamer     23rd November 2001 The head of Anglovaal Mining (Avmin), Rick Menell, has confirmed that none of the three alliance partners holding shares in Kumba intend selling their stakes when the company is listed on the JSE Securities Exchange on Monday. 

Jig system performs well

16th November 2001 East Rand company Humboldt Wedag SA has installed and commissioned the first full Batac jig system in an iron-ore application in South Africa at the Assmang Beeshoek mine in the Northern Cape. 

Union, mining group close to deal on strike

6th November 2001 Mining company BHP Billiton said it hoped a 25-day wage strike at its Samancor unit would soon be resolved after a key union said it may end the strike today. 

Mining group’s life may be short following approach

By: Terence Creamer     1st November 2001 Although steel and mining group Iscor has confirmed a formal approach for its mining business, it is unlikely that any moves will be made until after the conclusion of unbundling process on November 26. 

Iron-ore deal is trade compliant – Erwin

By: Terence Creamer     31st October 2001 Trade and Industry Minister Alec Erwin has strongly defended as trade-rule compliant a recently-announced deal through which South Africa’s largest steel company, Iscor, has secured an undivided 6,25-million tons a year of iron-ore from its associate Kumba Resources. 

$350m HBI plant on cards for SA

26th October 2001 The construction of a low-cost $350-million hot-briquetted iron (HBI) project in South Africa, is being promoted by minerals and metallurgical technology parastatal Mintek. 

Empowerment-in-mining plans

By: Martin Zhuwakinyu     26th October 2001 Black economic empowerment (Bee) companies are set to benefit over the next few years from several projects worth billions of rands being promoted by mineral and metallurgical parastatal Mintek. 

Is iron-ore deal trade law friendly?

By: Terence Creamer     19th October 2001 The complex iron-ore procurement arrangement at the heart of the Iscor-Industrial Development Corporation (IDC) unbundling deal, announced late last month, could raise the eyebrows of increasingly skittish competition authorities worldwide. 

Strike hits ferrochrome output

12th October 2001 Ferrochrome producer Samancor, a subsidiary of BHP Billiton, has cut 40 000 tons of its 850 000 tons annual output because of a wage strike that started on Thursday, a BHP Billiton spokesman said. 

‘China to cushion iron-ore prices’

By: Terence Creamer     12th October 2001 South Africa’s leading iron-ore producer is confident that the commodity remains in decent shape despite current woes in the international steel sector, where talk of rationalisation is rife. 

Now ferrochrome strike looms

10th October 2001 The National Union of Metalworkers of South Africa (Numsa) said its members would embark on a wage strike from Thursday at the ferrochrome units of Samancor, a subsidiary of mining giant BHP Billiton. 

SA iron-ore project less urgent after unbundling deal

By: Terence Creamer     2nd October 2001 The development of the Welgevonden iron-ore mine, in the Northern Cape, is likely to be less urgently pursued following last week’s unbundling agreement between Iscor and the the Industrial Development Corporation IDC. 

Firm saves R1,3m in new IT implementation

14th September 2001 Iron, steel and mining giant Iscor saved R1,3 million within 195 days on its human resources datamart project, the first of seven projects it has undertaken with the Acta data-management solution, a 33% return on its original investment. 

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