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Iron Ore News
Anglo going to great lengths to support South Africa in its Covid-19 hour of need 
By: Martin Creamer 6th April 2020 Diversified mining company Anglo American is going to remarkable lengths to support South Africa through the devastating Covid-19 crisis. The London- and Johannesburg-listed company, headed by Australian Mark Cutifani, is showing far-reaching corporate humanitarianism by taking firm steps to... →
ARM’s iron-ore mines allowed to continue loading from stockpile
By: Marleny Arnoldi 3rd April 2020 JSE-listed diversified miner African Rainbow Minerals (ARM) advises shareholders that its joint venture subsidiary, Assmang, has been granted permission from Mineral Resources and Energy Minister Gwede Mantashe to operate its iron-ore load-out stations. The Khumani and Beeshoek mines are... →
Canada metals, mining sees 19.4% rise in deal activity
By: Simone Liedtke 3rd April 2020 Canada’s metals and mining industry saw a rise of 19.4% in overall deal activity during February, when compared with the last 12-month average, according to analytics and consulting company GlobalData’s deals database. A total of 43 deals worth $430.7-million were announced in February, compared... →
Brazil mining regulator orders closure of 25 Vale dams
By: Reuters 3rd April 2020 Brazil's National Mining Agency (ANM) said on Thursday that it would halt operations at 47 mining dams that failed to certify their stability, including at least 25 belonging to the world's largest iron-ore producer Vale. The safety of Vale's facilities have been under heavy scrutiny after one... →
Fund managers see once-in-decade shot in Brazil’s iron-ore giant
By: Bloomberg 3rd April 2020 Investors have been piling into shares of the world’s largest iron-ore producer, touting it as one of the biggest opportunities to emerge from the carnage in Brazilian markets. Vale sank to a three-year low in March amid the coronavirus outbreak that has disrupted production chains across the... →
Standard Bank meeting all capital and liquidity requirements
By: Martin Creamer 1st April 2020 Capital and liquidity requirements across all the markets in which it operates are continuing to be met, Standard Bank Group FD Dr Arno Daehnke said during an investor call. Daehnke disclosed that the bank was benefitting from building up increased capital levels over the last few years in line... →
A billionaire miner is using China ties to source virus supplies
By: Bloomberg 1st April 2020 Australian billionaire Andrew Forrest has spent more than a decade feeding China’s steel-making boom – now he’s leveraging his ties there to source medical supplies for the battle against the coronavirus Down Under. Forrest’s Minderoo Foundation has pledged A$160-million to source equipment from... →
Vale says resumption of lost capacity could be slowed
By: Reuters 31st March 2020 Brazilian mining company Vale said on Tuesday it was at risk of postponing the resumption of lost production capacity due to possible coronavirus-related delays in inspections, assessments and authorizations but that existing output so far had seen little impact. The risks, representing a fresh... →
African Rainbow Minerals financial director to step down
By: Martin Creamer 31st March 2020 South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) on Tuesday announced that its FD Abigail Mukhuba would be stepping down with effect from the end of September to pursue a new career, and that ARM senior executive finance: corporate and tax... →
Assore halts mines and smelters, prioritises on-time supplier payment
By: Martin Creamer 31st March 2020 Mining and marketing company Assore, which is delisting from the Johannesburg Stock Exchange after 70 years, on Tuesday informed its shareholders that it had taken lockdown steps following the increased incidents of COVID-19 in South Africa. Assmang, which is half owned by Assore and jointly... →
Charles Walters
Flinders raises cash to repay loans
By: Esmarie Iannucci 31st March 2020 Iron-ore junior Flinders Mines is hoping to raise A$14.52-million through a one-for-six non-renounceable entitlement offer, priced at 2.5c a share. The entitlement offer would consist of more than 580.86-million shares, and would be issued on the basis of one new share for every six existing... →
Fitch Solutions says volatility to continue driving metals prices lower
By: Simone Liedtke 30th March 2020 Research agency Fitch Solutions expects volatility to continue playing to the downside for metal prices in the coming weeks owing mainly to bearish investor sentiment on the back of the widespread Covid-19 pandemic. The agency notes that metal prices started the year on a strong footing as the... →
Mining could be enormous post-virus stabiliser – Minerals Council
By: Martin Creamer 29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... →
ARM, Motsepe family play key roles in R1bn coronavirus pledge
By: Martin Creamer 28th March 2020 South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) and the Motsepe family on Saturday formed the key part of the partnership of companies and organisations that have pledged R1 billion to assist with the current coronavirus (Covid-19) pandemic... →
Dr Patrice Motsepe and Dr Precious Moloi-Motsepe at Saturday's remote media conference using the Internet to ensure social distance.
Anglo American cuts South African iron-ore, coal guidance
By: Donna Slater 27th March 2020 Diversified miner Anglo American is taking steps at its relevant operations in line with Covid-19-related regulations enforced in the various jurisdictions in which it operates around the world. It will also continue to provide a number of essential services, including security; mine... →
Coronavirus uncertainty sinks Alderon’s deal with Tunghsu
By: Mariaan Webb 27th March 2020 The volatility and uncertainty created by the outbreak of the Covid-19 pandemic has scuppered a potential deal that Canadian junior Alderon Iron Ore agreed with a Chinese partner and has now left the company scratching for money to repay a loan due by the end of this month. Alderon said on... →
Fe sells iron-ore royalty
By: Esmarie Iannucci 27th March 2020 Junior Fe Limited has entered into a sale and purchase agreement with LSX-listed Trident Resources for its Evaston royalty interest, over a portion of the wider Koolyanobbing iron-ore mine, in Western Australia. The sales price of A$7-million in cash will be paid in two installments, with the... →
Mining to be ‘scaled down significantly’ during 21-day lockdown
By: Terence Creamer 25th March 2020 Mining operations in South Africa are to be “scaled down significantly” during the 21-day lockdown period, particularly labour-intensive, deep-level mining activities, Mineral Resources and Energy Minister Gwede Mantashe reported on March 25. However, mines supplying coal to Eskom would remain in... →
China's first iron-ore futures ETF raises $11m ahead of Friday debut
By: Reuters 25th March 2020 China's first iron ore futures-based exchange traded fund (ETF) has raised $11-million from institutional investors and clients at private banks, according to the manager of the fund, which will list in Hong Kong on Friday. The ETF, managed by the Hong Kong unit of Chinese broker Shanxi... →
Strike tips Utah Point as preferred port
By: Esmarie Iannucci 25th March 2020 ASX-listed Strike Resources has tipped Utah Point, at Port Hedland, as the preferred port destination for its Paulsens East iron-ore project, in Western Australia. A trade-off study focused on Port Hedland, which has existing infrastructure that could be used to bring Paulsens East into... →
Vale taps credit as virus heaps on strain after dam breach
By: Bloomberg 24th March 2020 Vale SA is tapping into $5-billion in credit lines to boost its cash position as the coronavirus pandemic forces cutbacks at a time when the iron ore producer was working to recover from a dam collapse last year. Vale asked banks to disburse the lines in two tranches, with $2-billion due in June... →
South African miners preparing for three-week lockdown
By: Simone Liedtke 24th March 2020 Various South African mining companies have pledged their support for President Cyril Ramaphosa’s Covid-19 directives and range of measures in respect of mitigating the impact of the pandemic on South Africa’s economy. The pledges follow the President’s address to the nation on Monday evening,... →
President Cyril Ramaphosa
If we don’t take climate change seriously, God help us – Mxolisi Mgojo 
By: Martin Creamer 23rd March 2020 Coal mining company Exxaro Resources, which acknowledges coal’s negative impact on climate in a 20-page publication just released, expresses the view that a just transition to a low-carbon future should inform global climate action. “If we don’t take climate change issues very, very seriously,... →
Fortescue continues despite Covid-19
By: Esmarie Iannucci 23rd March 2020 Iron-ore major Fortescue Metals on Monday said that it would continue to operate its mine sites in the Pilbara, despite the Western Australian government implementing strict border controls that would require all new inter-state arrivals to self-isolate for a period of 14 days. “Fortescue has... →
Anglo takes companywide measures to limit spread, mitigate impacts of Covid-19
By: Marleny Arnoldi 20th March 2020 Global diversified miner Anglo American has announced the measures that it is taking in light of the Covid-19 outbreak across its mining and corporate operations. CE Mark Cutifani says the measures are often tailored to the specific nature and location of a particular site to protect the... →
Iron-ore prices resilient, activity levels healthy – S&P Global Platts
By: Reuters 17th March 2020 S&P Global Platts, which produces an iron ore benchmark index, said on Monday iron-ore prices have been resilient and activity levels have remained healthy recently. On Sunday, the China Iron & Steel Association (CISA) had warned about speculation risks in the market as the iron ore index was... →
China steel assoc warns of iron-ore speculation risks amid market fluctuations
By: Reuters 16th March 2020 China Iron & Steel Association (CISA) warned about speculation risks in the market, as the trend for the iron-ore index was deviating from the supply and demand fundamentals and the spot market, the Xinhua official news agency reported on Sunday. Benchmark Platts iron-ore index had surged 15%,... →
Vale adds sustainability goals to long-term compensation
By: Reuters 16th March 2020 Brazilian miner Vale has included environmental, social and governance goals to the long-term variable compensation of its top management and resumed 2019 bonus payments, according to a securities filing on Saturday. The move comes as Vale's reputation was hurt after its tailings dam at... →
Exxaro lifts dividend, creates jobs, supports enterprises
By: Martin Creamer 12th March 2020 Black-controlled diversified resources group Exxaro, which created 746 jobs and supported 30 small, medium-sized and microenterprises in the twelve months to December 31, reported a R235-million top-line 2019 increase, raised its dividend payout and lifted headline earnings a share. Core earnings... →
Exxaro CEO Mxolisi Mgojo.
Anglo American to buy solar power for Brazil mine
By: Mariaan Webb 11th March 2020 Global miner Anglo American has signed a 15-year contract to buy electricity generated from a photovoltaic plant owned and operated by Atlas Renewable Energy for its iron-ore mining operations in Brazil. The Casablanca solar plant, located in Minas Gerais, will supply 613GWh from 2022. Atlas... →
Assore to delist from JSE, offers to buy back shares
By: Martin Creamer 9th March 2020 Mining company Assore, which has been listed on the JSE since 1950, has announced a transaction that will result in the minorities in the company being bought out and the company delisting from the exchange. Commenting on the transaction, Assore CEO Charles Walters said that the very low... →
Charles Walters
Coronavirus likely to cause drastic price falls – Menar
By: Martin Creamer 9th March 2020 The reduction in the consumption of mined products that the coronavirus was causing would likely result in a drastic fall in prices, Menar MD Vuslat Bayoğlu said on Monday. Metals and minerals like manganese, chrome, iron-ore and metallurgical coal were not being consumed at the rate they were... →
Vale says part of Gongo Soco mine continues to erode
By: Reuters 9th March 2020 Brazilian miner Vale said the company is monitoring its Gongo Soco mine in Barao dos Cocais as an embankment at the facility continues to erode, according to a securities filing on Monday. Vale said it is watching for any impact the erosion could have on the Sul Superior mining waste dam about... →
Brazil state authority defends licensing Anglo American facility expansion
By: Reuters 6th March 2020 A Brazilian state environmental authority on Thursday defended granting a licence to miner Anglo American to expand an iron-ore facility, including a mining waste dam, following a lawsuit by public prosecutors seeking to block the project. Minas Gerais, a major mining state, passed a law... →
Sierra Leone iron-ore crisis creates debt-racked ghost town
By: Reuters 5th March 2020 In the months since Sierra Leone's largest iron-ore mine laid off almost all its workers due to a legal dispute with the government, the once bustling town of Lunsar has become a shadow of its former self. In the central market of Lunsar, whose name means "Land of Stones" in the local language,... →
China plans to approve developing giant Simandou iron-ore mine
By: Bloomberg 5th March 2020 China is close to giving the go-ahead for some of its biggest state-owned companies to develop the giant Simandou iron ore mine in Guinea, potentially paving the way for the project to be built after years of legal wrangling. China’s State-owned Assets Supervision and Administration Commission,... →
Christmas Creek cleared after Coronavirus scare
By: Esmarie Iannucci 5th March 2020 Iron-ore major Fortescue Metals has breathed a sigh of relief into the Pilbara after revealing that a member of its staff at the Christmas Creek operation had tested negative for the Covid-19. Reports emerged earlier this week that Fortescue had placed an employee in isolation, and that the... →
Brazil state prosecutors seek to block expansion of Anglo American mining dam
By: Reuters 4th March 2020 Brazilian state prosecutors filed a lawsuit on Tuesday requesting that miner Anglo American's licence to expand a mining dam be suspended, following a fatal mining disaster last year. The state of Minas Gerais passed a law last year commonly called "Sea of Mud, Never Again" to change mining... →
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