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Iron Ore News
South Africa’s green revolution gathering momentum 
2nd September 2020 The Covid-19 pandemic has presented countries around the world with immense challenges, as the impact of the virus has affected every aspect of everyday life as we know it, write Dr Cosmas Chiteme, Dr Rebecca Maserumule and Prof Dmitri Bessarabov. (Chiteme and Maserumule are senior managers at... →
Fitch upgrades Brazil's miner Vale, estimates $2bn in dividends
By: Reuters 2nd September 2020 Fitch has upgraded the credit rating of Brazilian miner Vale, saying the iron ore producer has lowered its chances of default after improving dam safety since a deadly disaster in 2019, the rating agency said in a note on Tuesday. The upgrade to "BBB" from "BBB-minus" applies to both foreign and... →
Nigerian govt pledges support for Kogi’s steel project
By: Marleny Arnoldi 1st September 2020 The Nigerian Ministry of Mines and Steel Development (MMSD) has recognised the effort that ASX-listed Kogi Iron is making to contribute to the diversification of the country’s economy through the proposed Agbaja cast steel project. The company received a formal letter at the end of August from... →
South Africa must link tax laws to job creation, says ARM’s Motsepe 
By: Martin Creamer 31st August 2020 The private sector worldwide is the engine for job creation, in partnership with trade union organisations, government and communities, and South Africa must link its tax legislation to job creation. That is the view African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe... →
Covid-19 continues to disrupt mining and metals sector
By: Donna Slater 31st August 2020 The mining and metals industry is being deeply impacted by the Covid-19 pandemic, as the situation continues to evolve and the virus spreads throughout the world, reports financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research. The firm notes... →
ARM earnings up, dividend declared
By: Martin Creamer 31st August 2020 The headline earnings of diversified mining company African Rainbow Minerals (ARM) increased by 6% to R5 534-million for the financial year to June 30. A final dividend of R7 a share is declared, in addition to the interim dividend of R5 a share, taking the total dividend for the 2020 financial... →
ARM executive chairperson Dr Patrice Motsepe
Fenix and Atlas reach sales agreement
By: Esmarie Iannucci 31st August 2020 ASX-listed Fenix Resources has struck an agreement with Atlas Iron under which Atlas would market 50% of the proposed iron-ore produced at the Iron Ridge project, in Western Australia. Fenix in 2016 acquired the Iron Ridge project from a wholly owned subsidiary of Atlas Iron, with the... →
GWR's C4 gets permission
By: Esmarie Iannucci 28th August 2020 The Western Australian Department of Mines, Energy and Safety has approved ASX-listed GWR’s mining proposal, clearing permits, mine closure and project management plan for its C4 Stage 1 iron-ore project. The C4 project is 1.4km long and contains a combined direct shipping ore (DSO) hematite... →
Work advances at Riley
By: Esmarie Iannucci 27th August 2020 Dry screening and associated mining operations have started at ASX-listed Venture Minerals’ Riley iron-ore mine, in Tasmaia. Venture earlier this month took a final investment decision on the A$3.6-million Riley project, which is expected to produce around one-million tonnes of 57% iron over a... →
Brazil state seeks $4.8bn Vale asset freeze over dam disaster
By: Reuters 26th August 2020 Authorities from Brazil's Minas Gerais state are seeking a freeze on nearly $5 billion in assets from miner Vale as a partial payment to cover economic and other damages from last year's deadly Brumadinho dam disaster. In a statement on Wednesday, state and federal prosecutors in Minas Gerais... →
Wage negotiations with Kumba Iron Ore deadlock – union
By: Reuters 26th August 2020 The National Union of Mineworkers (NUM) on Wednesday said that wage negotiations with Kumba Iron Ore, owned by Anglo American, were deadlocked and the union had declared a dispute, a move that is one step short of a strike. NUM, the majority union at Kumba, said the company had agreed a wage... →
Master Drilling aligning with opencast mines going underground in changing world
By: Martin Creamer 26th August 2020 South Africa-based drilling company Master Drilling, which is active in 23 countries, is aligning itself with the transitioning global requirement of opencast mines going underground. “As the world is changing, so are the mines,” said Master Drilling technology director Koos Jordaan at the... →
Vale starts up iron-ore grinding hub in China's Zhoushan
By: Reuters 25th August 2020 Brazilian mining giant Vale said on Tuesday it has started producing high-grade iron-ore fines for pelletizing at its new grinding hub with China's Ningbo Zhoushan Port Group (NZP Group) in eastern Zhejiang province. The hub, located in the Shulanghu Ore Transfer Terminal in Zhoushan city, has... →
Third of labour force let go – Master Drilling
By: Martin Creamer 25th August 2020 The Covid-19 crisis resulted in drilling company Master Drilling having to let go a third of its labour force in the world, Master Drilling CEO Danie Pretorius said on Tuesday. Fochville-based Master Drilling provides drilling services to the mining, civil engineering and building construction... →
Master Drilling’s net half-year operating cash up 100%
By: Martin Creamer 25th August 2020 Net cash generated from operating activities in the six months to June 30 increased 100% to $11.1-million amid unprecedented Covid-19 disruptions, drilling services company Master Drilling reported on Tuesday The Johannesburg Stock Exchange-listed company, headed by CEO Danie Pretorius, provides... →
Master Drilling CEO Danie Pretorius
Covid-19 hurt mining in Asia and the Americas most
By: Creamer Media Reporter 24th August 2020 Mining operations in Asia and the Americas were hardest hit by government regulations implemented to stymie the spread of Covid-19, and are the regions that will register the largest declines in mineral production growth this year. This is according to a new report by Fitch Solutions, which... →
Fortescue reports record full year
By: Esmarie Iannucci 24th August 2020 Iron-ore major Fortescue Metals has reported record shipments, revenue, earnings and operating cashflow for the year ended June. Net profit after tax for the 12 months ended June increased by 49% on the previous period, to $4.7-billion, with underlying earnings before interest, taxes,... →
Fortescue opens talks with Afghanistan on nation's mining riches
By: Bloomberg 21st August 2020 Fortescue Metals Group has held talks with Afghanistan’s President Ashraf Ghani on potential mining sector opportunities in the nation, which has struggled to accelerate development of an estimated $1-trillion worth of minerals deposits. Ghani and the company’s chairman Andrew Forrest held an... →
Altus appoints Sandra Bates as general counsel
By: Donna Slater 21st August 2020 Aim- and TSX-V-listed African mining royalty generator Altus Strategies has appointed Sandra Bates as general counsel. She is an international lawyer with over 20 years' experience, having advised listed and private companies in the natural resources sector on complex commercial negotiations and... →
Eliwana on track
By: Esmarie Iannucci 21st August 2020 Iron-ore major Fortescue Metals on Friday said it was on track for first ore on train at its Eliwana mine, in the Pilbara, in December this year, as the company firmed up its reserve and mineral resource estimates. “We are pleased to report over 2.2-billion tonnes of hematite ore reserves and... →
Fe takes stake in Yarram project
By: Esmarie Iannucci 21st August 2020 unior Fe Limited will acquire a 50% interest in the Yarram iron-ore project, in the Northern Territory, and would act as operator for the joint venture (JV). The company on Friday said that it would pay A$1.5-million in cash and shares, along with a further A$500 000 in cash and A$1-million in... →
Kogi Iron nears trial mining completion
By: Marleny Arnoldi 20th August 2020 ASX-listed Kogi Iron has advised that it is nearing the end of its small-scale trial iron-ore mining at the Agbaja Cast Steel project, in Nigeria. The company is in the process of conducting trial mining on site, as well as various community activities, including water clarification and flow... →
Fenix funded to start Iron Ridge
By: Esmarie Iannucci 20th August 2020 Junior Fenix Resources is looking to raise A$15-million through a share placement to develop Iron Ridge project, in Western Australia, targeting first direct shipping ore (DSO) shipments in early 2021. The company will issue 103.5-million shares, at a price of 14.5c each to existing and new... →
Electra Mining Africa 2020 going digital with Connect – and it’s free of charge
By: Martin Creamer 20th August 2020 The Electra Mining Africa Connect week will enable exhibitors to promote their products and services free of charge alongside industry-related informative webinars, media activations and product showcase opportunities from September 7 to 11. For the first time in 48 years, Electra Mining Africa... →
Iron-ore’s stunning rally faces challenge as supply risks fade
By: Bloomberg 19th August 2020 Iron-ore’s stunning rally this year, underpinned by China’s demand for the steel-making raw material, risks slowing as miners ramp up output. The industrial material blasted past $120/t on Tuesday, propelled by China’s stimulus to prop up its pandemic-hit economy and supply disruptions that... →
Global iron-ore production to grow modestly over coming decade, says Fitch Solutions
By: Tasneem Bulbulia 19th August 2020 Global iron-ore production will grow modestly over the years amid mine expansions in Brazil and increasing output from India, says financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions). It expects global iron-ore production... →
Mining production to end year higher than in the first half
By: Donna Slater 18th August 2020 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) says mining production and investment across most minerals, except for thermal coal, are likely to finish the year stronger than in the first half of the year as a result... →
Afrimat to acquire AMSA, other shareholders' interests in Northern Cape iron-ore projects
By: Tasneem Bulbulia 17th August 2020 JSE-listed ArcelorMittal South Africa (AMSA) has reached an agreement to sell its 25% shareholding in Coza Mining, held through subsidiary Oakwood Trading, to Afrimat. Coza’s principal activities are the exploration and prospecting for iron-ore and manganese on three properties in the Northern Cape. →
Fortescue looks at hydrogen at Christmas Creek
By: Esmarie Iannucci 17th August 2020 Iron-ore major Fortescue Metals has taken further steps to meet its zero operational emissions target by 2040, appointing hydrogen mobility and clean energy company Hyzon Motors to deploy hydrogen fuel cell-powered coaches at the Christmas Creek operation, in the Pilbara. The vehicles will be a... →
Vale board approves $1.5bn iron-ore expansion project
By: Mariaan Webb 14th August 2020 The board of iron-ore major Vale on Thursday approved the Serra Sul 120 project, which will increase the S11D mine-plant capacity by 20-million tonnes to 120-million tonnes a year. The project, located in the municipality of Canaã dos Carajás, would require $1.5-billion in investments over... →
Awesome new proudly South African face mask kindling international interest
By: Martin Creamer 13th August 2020 An awesome new proudly South African face mask, with a replaceable filtration system at its heart, is attracting international interest. The innovative and timely Hudaco Air Mask is a lockdown-period product of the Johannesburg Stock Exchange-listed Hudaco Industries group. (Also watch attached... →
Shareholders seek BHP moratorium on Australian cultural site damage
By: Reuters 13th August 2020 BHP Group must commit to not damaging Aboriginal cultural sites as its expands its mining operations while a review of Australian heritage law is carried out, a shareholder group said in a resolution filed on Thursday. The proposal comes before BHP's financial results, due out next week, and... →
Exxaro pays dividend on 40%-higher half-year earnings
By: Martin Creamer 13th August 2020 Black-empowered diversified resources group Exxaro Resources on Thursday declared an interim dividend on posting a 40% increase in earnings before interest tax depreciation and amortisation of R3.9-billion for the six months to June 30. In the face of global trade tensions, a challenging local... →
Exxaro CEO Mxolisi Mgojo
Transnet CEO expects subdued commodity prices to weigh on recovery from Covid
By: Terence Creamer 12th August 2020 Transnet CEO Portia Derby warned on Wednesday that the recovery from the Covid-19 pandemic in South Africa and the rest of Africa was likely to be negatively affected by still-subdued commodity prices and the serious deterioration in public finances across the continent, which had resulted in... →
Palmer to sue if new legislation is passed in WA
By: Esmarie Iannucci 12th August 2020 Queensland-based mining personality Clive Palmer has threatened legal action against the Western Australian government should its Parliament pass extraordinary legislation that could prevent the miner from claiming damages related to the Balmoral South iron-ore project. Western Australia’s... →
Ridley gets an FID
By: Esmarie Iannucci 12th August 2020 A final investment decision has been taken on the Riley iron-ore mine, in Tasmania, with project owner Venture Minerals preparing to start dry screening operations. “The board has given the go-ahead to proceed with the dry screening operations reaching another important milestone as the Riley... →
Saldanha Iron Ore Terminal loads over 15Mt of ore despite restrictions
By: Simone Liedtke 11th August 2020 Despite operating under Covid-19 restrictions, Transnet Port Terminals’ (TPT’s) Saldanha Iron Ore Terminal (IOT) loaded 15.6-million tonnes in the first four months of the 2020/21 financial year, meeting 76% of their contractual obligations. Suring the same period last year, and using a full... →
Investors call for greater Rio accountability over destroyed ancient caves
By: Reuters 11th August 2020 British and Australian investment funds said on Monday that Rio Tinto's testimony last week over its destruction of ancient caves in Australia raised questions about the accountability of its senior leadership. Rio CEO Jean-Sébastien Jacques was grilled by an Australian Senate panel on Friday... →
Company Announcements
