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Iron Ore News

Stainless growth underpins R1,25bn ferrochrome project

By: Irma Venter     30th January 2004 A hungry stainless-steel market is one of the driving forces behind the construction of London-listed Xstrata’s new R1,25-billion 330 000 t/y ferrochrome smelter in South Africa. 

CVRD has $2-billion capex plan for 2004

By: Keith Campbell     30th January 2004 MINING, logistics and energy group Companhia Vale do Rio Doce is planning investments worth about $2-billion for this year. 

Hope Downs will not reveal potential partners

By: Martin Czernowalow     13th January 2004 Shareholders have yet to finalise a shortlist of potential partners for the Hope Downs iron-ore project, but the list would not be made public once completed, a top official told Mining Weekly Online. 

Contractual issues delay Hope Downs’ search for partners

By: Martin Czernowalow     9th January 2004 The search for partners for the Australian Hope Downs iron-ore project is being delayed by ‘contractual issues’ between Kumba Resources and Hancock Prospecting, a Kumba spokesperson told Mining Weekly Online. 

Furnace construction more than a month ahead of schedule

By: renay de     12th December 2003 The expansion project at ASA Metals works in Steelpoort, Limpopo, involves the design, construction and commissioning of an additional submerged-arc furnace at the ferrochrome smelter. 

Construction work finished in September

By: renay de     12th December 2003 The civil construction of the Steelpoort ferrochrome smelter was awarded as a joint venture to a black empowerment subsidiary of Peter Mellor, Afro Projects, and Peter Mellor. 

Steel-hungry China may demand third smelter at Steelpoort

By: renay de     12th December 2003 The first furnace at ASA Metals’ Steelpoort Ferrochrome Smelter, in Steelpoort, Limpopo, which was commissioned in 1999, enabled the smelter to achieve production of 50 000 t/y. 

Hydraulic piping work completed

By: renay de     12th December 2003 The contract for the hydraulic installation at ASA Metals Steelpoort ferrochrome smelter, in Steelpoort, Limpopo, was awarded to Alberton Hydraulics, by Pyromet Technologies, in September. 

New ferrochrome smelter approved for SA

10th December 2003 London-listed miner Xstrata said yesterday it has given approval for the construction of a 330 000 t ferrochrome smelter in South Africa. 

Anglo raises Kumba stake to 66,6%

9th December 2003 Mining giant Anglo American said yesterday it had raised its stake in South African iron-ore firm Kumba Resources to 66,6%, after an offer to shareholders, well above a limit agreed with the government. 

Court ruling boosts Hope Downs project

By: Martin Czernowalow     21st November 2003 South Africa’s biggest iron producer and its Australian partner received a major boost earlier this month week, when a court ruled that their Hope Downs iron-ore project was entitled to enter into negotiations about third-party access to BHP Billiton’s Pilbara railway line. 

Court ruling boosts Hope Downs project

By: Martin Czernowalow     11th November 2003 South Africa’s biggest iron producer and its Australian partner received a major boost last week, when a court ruled that their Hope Downs iron-ore project was entitled to enter into negotiations about third-party access to BHP Billiton’s Pilbara railway line. 

Search for Hope Downs partner delayed as Anglo lurks

By: Martin Czernowalow     4th November 2003 The release of an information memorandum, calling for offers for part of the Hope Downs iron-ore project, has been delayed due to minor regulatory glitches – at a time when mining giant Anglo American said it would make a cash offer to Kumba Resources’ shareholders, after its stake in... 

‘Global iron-ore boom continues’ – Unctad

27th October 2003 The United Nations Conference on Trade and Development (Unctad) Iron-Ore Trust Fund said that the global iron-ore boom is continuing. In the first half of 2003, global production reached over 540-million tons. 

Search for Hope Downs partner to start this month

By: Martin Czernowalow     10th October 2003 South African iron-ore giant Kumba Resources last week confirmed that it is in the final stages of drawing up an information memorandum calling for offers for part of the Hope Downs project in Western Australia. 

Three producers account for 70% of iron-ore – study

9th October 2003 The global iron-ore landscape has become the domain of giants, with the top three producers now accounting for over 70% of world seaborne iron-ore trade, says AME Mineral Economics in its latest study. 

New board members appointed at junior miner

8th October 2003 Canadian mining company America Mineral Fields announced yesterday the appointment of Bernard Pryor and John Bentley to its board of directors. 

SA could benefit from robust ferrochrome market . . .

By: Zonika Botha     3rd October 2003 South Africa dominates the world’s prime ferrochrome sector and will subsequently have the major share of any future expansions undertaken by the world’s second-largest ferrochrome producer, BHP Billiton. 

Search for Hope Downs partner to start this month

By: Martin Czernowalow     3rd October 2003 South African iron-ore giant Kumba Resources this week confirmed that it is in the final stages of drawing up an information memorandum calling for offers for part of the Hope Downs project in Western Australia. 

‘Anglo must now deliver on iron-ore promises’

By: Terence Creamer     26th September 2003 State-owned development financier the Industrial Development Corporation (IDC) believes it is now time for mining giant Anglo American to deliver on its promises for the expansion and empowerment of the Northern Cape iron-ore industry. 

Kumba is a core IDC asset - Ngqula

By: Terence Creamer     18th September 2003 State-owned development financier the Industrial Development Corporation (IDC) insisted yesterday that it viewed its 14% stake in diversified miner Kumba Resources as a core investment and that it would not be selling any of its shares at this stage. 

Search on for iron-ore project partners

By: Martin Czernowalow     12th September 2003 An information memorandum calling for offers for part of the Hope Downs iron-ore project, in Western Australia, could be sent out before the end of this month. 

Anglo wins bitter Tribunal battle

5th September 2003 South Africa gave the green light on Thursday for Anglo American Plc to acquire nearly 35 percent in the country's biggest iron-ore producer, Kumba Resources , worth about R4 billion rand ($549.4 million). 

Hope Downs’ search for partner could start this month

By: Martin Czernowalow     3rd September 2003 An information memorandum calling for offers for part of the Hope Downs iron-ore project, in Western Australia, could be sent out before the end of this month. 

Competition Tribunal's iron-ore ruling imminent

By: Martin Czernowalow     2nd September 2003 A Competition Tribunal decision that could significantly affect the future of the South African iron-ore industry is expected to be announced within a week. 

Rio Tinto in steel-technology deal

2nd September 2003 A Rio Tinto subsidiary last week signed a HIsmelt Process Licence with the Laiwu Steel Group of China to allow for the development of an iron-making facility using world leading HIsmelt technology. 

Full iron-ore consolidation unlikely for now

By: Terence Creamer     29th August 2003 South African mining company Kumba Resource has, for now, accepted defeat on its proposal for a full corporate consolidation of the iron-ore resources in the Northern Cape by entering into heads of agreement with Assmang to pursue the potential for exchanges of reserves. 

Hope Downs iron-ore project

22nd August 2003 Name of the project and location Hope Downs iron-ore project, Pilbara District, Western Australia. Project Description Technical feasibility study for the construction of a new mine to produce up to 25 million tons a year of high-grade Marra Mamba iron-ore (for an initial period of 20 years), for... 

Two-company N Cape iron-ore model wins the day

By: Terence Creamer     22nd August 2003 South African mining company Kumba Resource appears to have accepted defeat on its proposal for a full corporate consolidation of the iron-ore resources in the Northern Cape and has entered into heads of agreement with Assmang to pursue the potential for exchanges of reserves. 

CVRD to ramp-up iron-ore exports in 2004

15th August 2003 Brazilian iron-ore mining giant Companhia Vale do Rio Doce (CVRD) reported consistent earnings yesterday of $456-million for the second quarter of 2003. 

Thabazimbi mulls banded ironstone project

By: Martin Zhuwakinyu     25th July 2003 Diversified mining group Kumba Resources says it will know by the end of March next year if it will proceed with a project to build a 500 000 t/y to 1 500 000 t/y plant to process banded ironstone ore at its Thabazimbi mine, in Limpopo province, using a technology it developed last year. 

CVRD makes temporary exit from gold

By: Keith Campbell     25th July 2003 BRAZILIAN mining, logistics and energy group Companhia Vale do Rio Doce (CVRD) has temporarily exited the gold-mining business with the sale of its only dedicated gold-mine to a Canadian company. 

China boosts BHP iron-ore output

24th July 2003 Strong demand from steel makers supplying a resource-hungry China has pushed up quarterly iron ore production 14% at the world's largest diversified miner, BHP Billiton. 

Consolidation aside, Sishen ponders 10 mt expansion

By: Terence Creamer     18th July 2003 Despite an expectation of significant change in the Northern Cape iron-ore industry, the region’s largest operator is continuing to pursue some innovative projects that could boost output by some 11-million t/y to 38-million t/y by 2008. 

Marketing strategy viewed as key in mining group’s China growth

By: Martin Zhuwakinyu     18th July 2003 The marketing strategy of BHP Billiton, aimed at adding value by selling more products at a higher avaerage profit margin by better meeting the needs of customers while better managing the risks across the business spectrum, has enabled the world’s largest diversified resources group to... 

Anglo a potential Hope Downs investor

15th July 2003 Australia's Hope Downs iron ore project said yesterday that Anglo American would be among potential investors it would target to take equity in a proposed A$1,5-billion development. 

Battle for new iron-ore era

By: Terence Creamer     14th July 2003 The high-profile spat between global mining giant Anglo American and the State-owned Industrial Development Corporation (IDC) at the Competition Tribunal is not the only source of conflict in the iron-ore industry. 

Who would be Iron King?

By: Terence Creamer     11th July 2003 Tension around South Africa’s iron-ore reserves is not limited to the spat at the Competition Tribunal 

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