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Iron Ore News

Financial adviser appointed to Oz iron-ore project

16th September 2002 Downs Holding, a subsidiary of Kumba Resources and Hancock Prospecting, has confirmed the engagement of Salomon Smith Barney, a member of Citigroup, as strategic and financial adviser in relation to the Hope Downs Iron Ore Project. 

Stainless-steel growth prospects trigger new chrome outpouring

By: Deborah Spicer     13th September 2002 Southern African ferrochrome producers are gearing themselves to enlarge their share of the global ferrochrome market based on a belief that the stainless-steel market, which consumes 78% of mined chromite ore, is set to grow. 

Marandoo, Australia

13th September 2002 Western Australia 

Kumba projects overview

6th September 2002 Name of the project and location Kumba projects overview. Worldwide. Project description Newly-formed South African resources company, Kumba Resources, has released details of 17 projects currently at various stages of development within Kumba. Four relate to the group’s main business or... 

SA iron-ore giant poised for growth

By: Irma Venter     30th August 2002 Currently the world’s fourth biggest seaborne trading iron ore producer, South Africa’s Kumba Resources is positioning to grow its global position. 

SA resources group has strong year, but cautious on 2003

23rd August 2002 South Africa's biggest iron ore producer Kumba Resources beat expectations with a 115% leap in financial year headline earnings on Thursday, boosted by record production, sales and a weaker rand. 

Good performance expected from unbundled mining, steel firms

19th August 2002 South Africa's biggest steel and iron ore producers Iscor and Kumba Resources are seen reporting a leap in annual earnings next week, reaping the rewards of their split and despite a firmer rand. 

Cisco upgrade

16th August 2002 Name of the project and location Cape Town Iron and Steel Works (Cisco) upgrade. Project description The upgrading of the existing 35 t electric arc furnace (EAF) at the Cape Town Iron and Steel Works. Value R50-million. Duration 18 months once approved. Description of main contracts Design,... 

Long-term iron-ore supply contract deal

5th August 2002 Another major milestone in Robe River Iron Associates' West Angelas project has been reached, with the conclusion of five-year full-scale contracts for West Angelas marra mamba iron ore with six Japanese steel mills. 

World iron-ore output falls

1st August 2002 A newly-released iron-ore market study for 2001 to 2003 – produced under a co-operative agreement between the UNCTAD Iron Ore Trust Fund and Raw Materials Group – has found that total world production of iron ore in 2001 was 931-million tons (Mt), a decrease of 3,1% over 2000, when... 

Progress on SA-linked Oz iron-ore project

19th July 2002 The Hope Downs Iron Ore project, 75 kilometres north-west of Newman in Western Australia’s Pilbara region – in which South Africa’s Kumba Resources is involved – has cleared another major hurdle in its path to development with the announcement yesterday of the delivery of... 

SA ferrochrome industry under review

By: candice haase     5th July 2002 A comprehensive study of the South African ferrochrome industry is being conducted by the Industrial Development Corporation (IDC), and is scheduled for release by the end of August, IDC executive vice president of the projects division Jaco Kriek tells Mining Weekly. 

Smelter's twin furnaces commissioned

By: candice haase     5th July 2002 The first of two 54 MVA closed-furnaces at SA Chrome’s new R700-million smelting plant was ready for hot-commissioning in early June 2002, allowing for the first ferrochrome to be tapped in the middle of that month. 

Finnish techno giant commits to project in the long term

By: candice haase     5th July 2002 Finnish technology supplier Outokumpu has committed itself to SA Chrome beyond its involvement in the engineering and supply of equipment and erection services for the construction of the smelter. 

Production achieves record month

21st June 2002 One of South Africa’s largest mining slurry-pump distributors, the CH Warman Pump group, has played a significant role in driving down costs at Assmang’s Beeshoek iron-ore mine in Kimberley. 

China’s iron-ore import surge continues

20th June 2002 The iron-ore story of the last few years has been the story of Chinese imports. While steel companies around the world have been rationalising, China’s steel-sector restructuring has centered on improving quality – a strategy that depends significantly on imported ores. 

Iron-ore giant settles 2002 prices

31st May 2002 Diversified miner BHP Billiton has reached agreement with both Nippon Steel Corporation and Kawasaki Steel Corporation for the prices of Mt Newman iron ore for the year starting April 1. 

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. 

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