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Iron Ore News
Sierra Leone says will no longer provide forex for mining companies importing fuel
By: Reuters 13th May 2022 Sierra Leone will no longer provide foreign exchange for mining companies and other large businesses to import oil as of June 1, accusing them of "stockpiling diesel fuel", its Petroleum Regulatory Agency said in a statement. Sierra Leone has a large mining industry, mainly based on diamonds,... →
Webinars provide free practical knowledge for engineers
By: Tracy Hancock 13th May 2022 There is a growing need to bridge the gap between theory and practice in the minerals processing sector, with metallurgical engineering graduates quickly realising their lack of practical experience once they enter the workforce. By attending the free online training workshops offered by... →
Mining production down 9.3% y/y in March
By: Creamer Media Reporter 12th May 2022 South Africa's mining production decreased by 9.3% year-on-year in March, with the largest negative contributors being gold, iron-ore, manganese ore and platinum group metals. Diamond production, which increased by 44.3% year-on-year, made a significant positive contribution to the overall figure. →
Mining drives WA budget
By: Esmarie Iannucci 12th May 2022 A strong resources sector, which has continued to operate through much of the Covid-19 pandemic, along with higher commodity prices has assisted in Western Australia in reporting an expected operating surplus of A$5.7-billion for 2021-22. Premier Mark McGowan on Thursday pointed out that the... →
Afrimat appoints Louw as chairperson designate
By: Creamer Media Reporter 11th May 2022 Construction materials and industrial minerals producer Afrimat has appointed Francois Louw as chairperson designate. Louw was appointed deputy chairperson in February and also serves as the company's lead independent director. He will succeed Matie von Wielligh, who will be retiring as... →
Minimum of 14 000 jobs a year from South Africa’s first hydrogen corridor 
By: Martin Creamer 11th May 2022 South Africa’s first hydrogen corridor now under development has the potential to generate a minimum of 14 000 jobs, $400-million in gross domestic product and $900-million in taxes a year by 2050. In an addition, there is potential to grow platinum group metal (PGM) demand by between 1% to 2%... →
Minerals Council hydrogen briefing from left Allan Seccombe, Roger Baxter and Fahmida Smith.
Fortescue signs A$90m contract with Schlam
By: Esmarie Iannucci 11th May 2022 Iron-ore major Fortescue Metals has awarded mining services provider Schlam, a multi-million-dollar supply agreement for both its product services divisions. The contract will see Schlam Payload Solutions supply Fortescue with dump bodies and buckets, while Schlam People Solutions will... →
Minerals Council spells out members’ commitment to climate change mitigation
By: Martin Creamer 11th May 2022 Members of Minerals Council South Africa have agreed to commit to a climate change response strategy that will reduce Scope 1 and Scope 2 emissions and achieve a net zero emission by 2050 or earlier. Minerals Council South Africa senior health and environment executive Nikisi Lesufi on Tuesday... →
Minerals Council South Africa senior health and environment executive Nikisi Lesufi, closest right, with Minerals Council's Allan Seccombe, left.
South Africa keen to harness hydrogen economy opportunities, President Ramaphosa tells Indaba 
By: Martin Creamer 10th May 2022 It was just amazing to see the innovation that the mining industry is capable of scaling up, President Cyril Ramaphosa told the Investing in African Mining Indaba in his enthusiastic address on Tuesday. “Last week, I attended the launch by Anglo American of the world’s largest hydrogen-powered... →
President Cyril Ramaphosa at the Investing in African Mining Indaba.
South Africa has significant implementation crisis – Minerals Council
By: Martin Creamer 9th May 2022 South Africa has a significant implementation crisis. A number of government departments and parastatals were hollowed out. Capacity is a significant issue in almost every parastatal – water authorities, Eskom, Transnet and across the board. “We’re not rushing in to take over activities because... →
Green hydrogen can be produced in South Africa immediately, coal conference hears
By: Martin Creamer 6th May 2022 The generation of green hydrogen is achievable in South Africa immediately and is not a complicated process, Sasol just transition office head David Kawesha said on Friday. “You just need the renewable energy resource, electrolysers to split water, and that’s really what the basic process is,”... →
McCloskey's Southern African Coal Conference panel from left moderator Randy Fabi, Tracey Davies, Steve Nicholls, Jan Oberholzer and David Kawesha.
Iron-ore futures slide as investors monitor demand in China
By: Bloomberg 6th May 2022 Iron-ore flipped to losses as risk aversion across financial markets escalated and investors assessed the demand prospects in top consumer China. Stocks slid with bonds Friday as inflation, rising borrowing costs and China’s virus lockdowns depressed sentiment. The outlook for iron ore is being... →
Only way to fix Eskom, Transnet is to work as SA Inc, conference hears
By: Martin Creamer 6th May 2022 Putting South Africa’s 60-million people first and working as South Africa Incorporated – SA Inc – is the only way to solve the problems of this country’s biggest State-owned enterprises, Eskom and Transnet. This message was put out loudly and clearly during a panel discussion at McCloskey’s... →
World Coal Association favours just energy transition to net zero future
By: Martin Creamer 5th May 2022 The World Coal Association, and its member companies, are in favour of a just transition to a net zero future, World Coal Association chairperson July Ndlovu said on Thursday. In his keynote address to the Southern African Coal Conference, Ndlovu emphasised the sincerity of the association’s... →
World Coal Association chairperson July Ndlovu
Moody’s foresees elevated commodity prices, constraints persisting throughout this year
By: Donna Slater 4th May 2022 Moody’s Investors Service says the persistence of weaker mining production and volume constraints will exacerbate tight markets and further elevate prices of many metals after a number of large rated global diversified mining companies posted first-quarter production results showing weaker... →
South Africa would do well to highlight its key iridium status to world that needs this very rare metal 
By: Martin Creamer 3rd May 2022 South Africa would do well to highlight its key iridium supply status to gain the full confidence of a world that requires this very rare platinum group metal (PGM) to advance the fast-moving hydrogen economy. Iridium is a potent co-roleplayer with PGM stalwart platinum when it comes to... →
Vale unveils 'massive' buyback programme amid iron windfall
By: Bloomberg 28th April 2022 Vale unveiled its biggest-ever share buyback program as the Brazilian iron ore and nickel giant rewards shareholders concerned by softening Chinese demand. The world’s No. 2 iron-ore producer said Wednesday it will purchase up to 500-million shares -- around 10% of the total number outstanding... →
Vale first-quarter net profit falls 19.6%, but beats expectations
By: Reuters 28th April 2022 Brazilian miner Vale, one of the world's largest producers of iron ore, reported on Wednesday its first-quarter net profit fell 19.6% to a better than expected $4.45-billion as stronger pricing offset weaker production numbers. Vale earnings for the three months ended March 31 beat the mean... →
Fortescue flags higher costs at Iron Bridge
By: Esmarie Iannucci 28th April 2022 Iron-ore major Fortescue Metals has flagged another cost blow out and production start delay at its Iron Bridge magnetite project, in the Pilbara. The miner in 2021 upwardly revised the capital cost estimate for the Iron Bridge project from $2.6-billion to $3-bilion, and moved its first... →
Wimbledon opts for platinum to mark Queen’s jubilee, centre court centenary
By: Martin Creamer 26th April 2022 In the year of the Queen of England’s platinum jubilee, the coins to be used in the Wimbledon ladies’ and gentlemen’s singles finals coin toss will be made of platinum for the first time in the championships’ history. This follows last month’s unveiling by the UK Royal Mint of its largest ever... →
Copper to iron-ore rebound as China vows to support economy
By: Bloomberg 26th April 2022 Industrial metals from copper to iron-ore recouped some of Monday’s losses after China pledged more support to help revive an economy that’s been imperiled by an escalating virus outbreak. The country’s central bank vowed to increase monetary support to the real economy, especially for... →
Ukraine miner Ferrexpo delays dividend, pauses some projects
By: Reuters 22nd April 2022 Ukraine-focused miner Ferrexpo said on Friday it was delaying a decision on paying interim dividend and pausing projects that are not expected to deliver near-term growth in the wake of Russia's invasion of the country. Shares of the London-listed group rose as much as 5.5% to 184.5p in early... →
Mining giants struggle despite commodities price boom
By: Bloomberg 22nd April 2022 The world’s biggest miners had a tough start to the year, struggling to hit production goals and keep costs under control in the face of Covid-19 disruptions and global inflationary pressures. Fresh from record profits, and with many commodities still trading at or near all-time highs, the... →
GBM finalises deal with Canada's Consolidated Uranium
By: Esmarie Iannucci 22nd April 2022 Minerals explorer GBM Resources has finalised the sales agreement over the Brightlands Milo tenement, in Queensland. The company in November last year struck an agreement with TSX-V listed Consolidated Uranium to sell the iron-ore/copper/gold/uranium/rare earth tenement for an initial C$500 000... →
MinRes posts solid quarter in March
By: Esmarie Iannucci 22nd April 2022 ASX-listed Mineral Resources (MinRes) has posted a solid quarter, with iron-ore shipments increasing, along with production from the Mt Marion lithium project. MinRes on Friday reported that iron-ore shipments totalled 4.7-million tonnes during the quarter, up 22% on the previous corresponding... →
Liberia to review ArcelorMittal concession agreement
By: Reuters 22nd April 2022 Liberia will review its iron ore concession agreement with steel and mining company ArcelorMittal, as well as other concessions signed by the West African country's current and previous governments, Parliament speaker Bhofal Chambers said on Thursday. The announcement risks disrupting... →
Kumba’s first-quarter output hampered by rain, equipment constraints
By: Darren Parker 21st April 2022 Iron-ore miner Kumba Iron Ore has revised its production and sales guidance for the year down from between 39-million and 41-million tonnes to between 38-million and 40-million tonnes, owing to lower production and sales achieved in the quarter ended March 31. “Seasonal weather-related events and... →
Iron-ore edges up as world's biggest miners warn of supply risks
By: Reuters 21st April 2022 Dalian and Singapore iron-ore futures edged up on Thursday, after miner BHP Group flagged a continuing production weakness, but gains were capped by Covid-19 concerns and steel production controls in top steel producer China. The most-traded September iron ore on China's Dalian Commodity... →
BHP adjusts copper and nickel expectations
By: Esmarie Iannucci 21st April 2022 Major BHP has lowered its full-year production expectations for its copper and nickel divisions, while warning of tight labour markers in Australia and Chile for the rest of the year. “BHP delivered safe and reliable production in the third quarter. Our Western Australian iron-ore business... →
President Ramaphosa to deliver keynote address at Mining Indaba 2022
By: Martin Creamer 20th April 2022 President Cyril Ramaphosa will deliver a keynote address at the 2022 Investing in African Mining Indaba, which takes place in Cape Town from May 9 to 12. The attendance of Ramaphosa, who will speak on Tuesday, May 10, signals the continued importance of mining to the South African economy as a... →
Vale reports decrease in Q1 iron-ore output
By: Reuters 20th April 2022 Brazilian miner Vale first-quarter iron-ore production fell 6.0% from the previous year, hit by heavy rainfall in January in Minas Gerais state which curbed its main production. The company's iron-ore output was 63.9-million tonnes in the period, down 22.5% from the final quarter of 2021. →
Rio's iron-ore production continues to fall
By: Esmarie Iannucci 20th April 2022 Diversified major Rio Tinto has reported another quarter of falling iron-ore production and shipments. The miner on Wednesday reported that iron-ore shipments from the Pilbara operations had reached 71.5-million tonnes, down 8% on the previous corresponding period, and down 15% on the previous... →
Iron-ore slumps as China vows to cut steel output in 2022
By: Reuters 19th April 2022 Dalian and Singapore iron-ore futures fell on Tuesday, sharply reversing gains made earlier in the session, after a spokesperson for China's state planner said the country would keep reducing steel output this year. Adding to concerns over demand prospects for the key steelmaking raw material,... →
Epiroc to supply large order of battery-electric mining equipment to Assmang
By: Darren Parker 19th April 2022 Mining and industrial equipment manufacturer Epiroc has secured a large order for battery-electric mining equipment from manganese and iron-ore mining company Assmang, which will deploy the vehicles at its Black Rock underground manganese mine in the Northern Cape. On April 19, Epiroc revealed... →
Mining production contracted by 6% y/y in February
By: Darren Parker 14th April 2022 Mining production contracted by a steep 6% year-on-year in February following an upwardly revised acceleration of 1.7% in January. This is the largest contraction recorded since January 2021, when production fell by 7.8%. →
Anglo positioning itself as favoured iron-ore supplier to green steelmakers
By: Martin Creamer 14th April 2022 Diversified mining company Anglo American is taking steps to position itself as a favoured iron-ore supplier to green steel producers. →
Greater fuel cell adoption would be a massive boost for South Africa’s platinum group metals
By: Martin Creamer 13th April 2022 The enactment by more governments of policies to enable greater hydrogen fuel cell mobility would be a massive boost for South Africa’s platinum group metals (PGMs) sector, Mining Weekly can today report. Adoption of hydrogen fuel cell mobility has already been significantly enabled by the German... →
Africa House notes investment potential in Uganda, Guinea projects
By: Marleny Arnoldi 13th April 2022 Research and consulting company Africa House will from May 15 to 20 host a delegation of investors and business leaders in Uganda to better understand the opportunities for investment and the rationale for setting up a local presence in the country. The country is poised for immense economic... →
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