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Iron Ore News

Nolitha Fakude first woman mining industry president in 131 years 

By: Martin Creamer     26th May 2021 The board members of Minerals Council South Africa on Wednesday elected the first female president in 131 years. New president Nolitha Fakude, a former Minerals Council VP who is the chairperson of Anglo American South Africa, said she would be focusing on ensuring that mining contributes... 

Crawford nickel advances to feasibility study, EV opportunities eyed

By: Mariaan Webb     26th May 2021 The Crawford nickel sulphide project is immediately advancing to the feasibility study stage, after a preliminary economic assessment (PEA) demonstrated robust economics for what will be one of the biggest nickel sulphide operations globally. TSX-V-listed Canada Nickel Company on Tuesday... 

Diamond explorer Bill McKechnie feels South Africa has battery mineral exploration potential  

By: Martin Creamer     25th May 2021 The renowned exploration geologist linked to the colossal and still-thriving diamond discovery against all odds at the Venetia diamond mine in Limpopo, believes there is no reason why new battery and other specialist minerals cannot be discovered in South Africa, using the techniques that he... 

Bill McKechnie
Exploration geologist Bill McKechnie interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

South Africans right to be very proud of country’s iron-ore – IMR  

By: Martin Creamer     24th May 2021 South Africans are well within their rights to be very proud of the iron-ore that is produced in the country. That is the view of Sedibeng Iron Ore CEO Aneesh Misra, who is also MD of IMR South Africa. (Also watch attached Creamer Media video.) 

Aneesh Mistra, CEO Sedibeng Iron Ore
Sedibeng Iron Ore CEO Aneesh Misra interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

ArcelorMittal to restart $800m Liberia iron-ore expansion this year

By: Mariaan Webb     24th May 2021 Global steel major ArcelorMittal plans to restart the expansion of its iron-ore operations in Liberia this year, with first concentrate expected towards the end of 2023. The company has been operating a five-million tonne direct shipping ore project since 2011 and started an expansion to... 

ArcelorMittal to restart $800m Liberia iron-ore expansion this year

First warning sign in the global commodity boom flashes in China

By: Bloomberg     24th May 2021 One pillar of this year’s blistering commodities rally – Chinese demand – may be teetering. Beijing aced its economic recovery from the pandemic largely via an expansion in credit and a state-aided construction boom that sucked in raw materials from across the planet. Already the world’s biggest... 

First warning sign in the global commodity boom flashes in China

Iron-ore tumbles as China's price warning grips markets

By: Reuters     24th May 2021 Asia's iron-ore futures tumbled on Monday, leading another bout of selling in the metals complex, after China's state planner warned against commodity price manipulation and vowed to clamp down on speculative trading. The most-traded iron-ore contract for September delivery on China's Dalian... 

Giant new iron-ore mine may help cool a hot market

By: Bloomberg     21st May 2021 BHP Group’s start up of production at its $3.6-billion South Flank project in Australia – combined with existing operations at the site – will create the world’s biggest iron-ore hub. It may also help temporarily cool a hot market. Iron ore futures are trading below $200/t after China’s cabinet... 

Giant new iron-ore mine may help cool a hot market

The great commodities boom of 2021 is facing its first big test

By: Bloomberg     21st May 2021 One of the biggest commodities booms in decades is looking for a fresh reason to power higher. Markets from copper to oil to corn surged recently as monetary stimulus and a recovery from the pandemic tightened supplies, fueling a debate about whether raw materials are in a new supercycle. But the... 

Climate is global issue that exceeds anything seen in centuries – Anglo   

By: Martin Creamer     20th May 2021 Recent generations have defined the environment as a critical issue for humanity and climate change represents a new and sharper focus that exceeds any single global issue that we have seen in centuries, Anglo American CEO Mark Cutifani has told the Bank of America Securities Global Metals,... 

Mark Cutifani with chart showing thin slither at the top representing mining's 0.04% global footprint.
Mark Cutifani with chart showing thin slither at the top representing mining's 0.04% global footprint.

Iron-ore slumps as China steps up efforts to curb soaring prices

By: Reuters     20th May 2021 Chinese iron ore and steel futures led a selloff across the nation's metals complex on Thursday after the government sought stricter oversight of commodity markets to curb exorbitant prices, sparking a broad-based correction. September iron ore on the Dalian Commodity Exchange ended daytime... 

Pitt praises iron-ore miners

By: Esmarie Iannucci     20th May 2021 Federal Resources Minister Keith Pitt has paid tribute to the role iron-ore is playing in boosting the Australian economy, congratulating the sector on its resilience and reliability during the Covid-19 pandemic. “Australia’s iron-ore miners are some of the most efficient in the world,... 

BHP starts production at South Flank

By: Esmarie Iannucci     20th May 2021 Mining major BHP has produced first ore at its $3.6-billion South Flank mine, in the Pilbara. “South Flank is Australia’s largest new iron-ore mine in over 50 years and is on time and on budget. South Flank’s high quality ore will increase Western Australia Iron Ore’s average iron-ore grade from... 

BHP starts production at South Flank

Hire jobless geologists to capture much-needed exploration data – LEI   

By: Martin Creamer     19th May 2021 A strong call for unemployed geology graduates to be contracted to capture historic exploration data electronically has been made by Letaba Elihle Investments (LEI) principal geology consultant Siphelele (Siphe) Ntshangase. In a Zoom interview with Mining Weekly Ntshangase also called on South... 

LEI Principal Geology Consultant Siphelele (Siphe) Ntshangase
LEI Principal Geology Consultant Siphelele Ntshangase interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

China says it will stabilise commodity market, step up trade and stockpiling adjustment

By: Reuters     19th May 2021 China will strengthen management of both supply and demand sides to curb "unreasonable" increases in commodity prices and prevent the pass-through to consumers, the country's cabinet said on Wednesday, according to a report by state broadcaster CCTV. Prices for commodities such as steel,... 

China says it will stabilise commodity market, step up trade and stockpiling adjustment

Iron-ore halts two-day gain, new BHP mine to announce first production

By: Bloomberg     19th May 2021 Iron-ore futures in Singapore halted a two-day rebound as Chinese steel prices extended declines amid further government curbs and BHP Group prepares to start one of the world’s biggest new mines. BHP’s South Flank iron-ore project in Western Australia will announce first production in the next... 

China puts Australia on notice with push to diversify iron-ore

By: Bloomberg     18th May 2021 Beijing threw the spotlight on trade tensions with its top commodities supplier, Australia, after the government’s economic planning agency said it’s looking to diversify China’s supply of iron-ore. Chinese firms should boost domestic exploration for the steel-making input, widen their sources... 

China puts Australia on notice with push to diversify iron-ore

Aboriginal group seeks to strengthen ties with Rio a year after cave destruction

By: Reuters     18th May 2021 The Aboriginal group whose sacred rock shelters Rio Tinto destroyed in Western Australia last year for an iron-ore mine said it was committed to improving its relationship with the miner to ensure such desecration never happens again. Rio Tinto destroyed 46 000-year-old rock shelters at Juukan... 

The world economy is suddenly running low on everything

By: Bloomberg     17th May 2021 A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously stocking up. Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive... 

Iron-ore rebounds as China mills churn out steel at record pace

By: Bloomberg     17th May 2021 Iron-ore futures climbed back above $200 a ton as soaring steel production in China showed there’s no sign of the industry cooling despite government attempts to rein in output from last year’s record of over one-billion tons. Crude steel output in April rose to 97.9-million tons to hit monthly... 

PPC Lime’s new owners to focus on developing markets, community wellbeing

By: Marleny Arnoldi     17th May 2021 The new owner of PPC Lime, Kgatelopele Lime, will focus on developing new markets for its product and expanding its customer base. Kgatelopele is a consortium made up of mineral resources trader IMR Resources South Africa, mining-focused investment holding companies Kolobe Nala Investment Lime... 

PPC Lime manufacturing facility, in the Northern Cape
PPC Lime manufacturing facility, in the Northern Cape

New technologies transforming mining, metals industry – ICMM 

By: Martin Creamer     14th May 2021 New technologies are transforming the mining and metals industry, making it cleaner and safer, says the International Council on Mining and Metals (ICMM), which is progressing an 'innovation for cleaner, safer vehicles' initiative. The initiative brings together 28 of the world’s leading mining... 

An innovation for cleaner, safer vehicles initiative has been introduced.
An innovation for cleaner, safer vehicles initiative has been introduced.

Iron-ore slumps again as steel hub asks mills to control surge

By: Bloomberg     14th May 2021 Iron-ore futures tumbled as China’s top steel-making hub ramped up efforts to control a dizzying surge in prices. Futures in Dalian dropped the daily limit, while prices in Singapore extended a slump from a record $233.75 a ton on Wednesday amid concerns about the sustainability of the rally. In... 

Iron-ore slumps again as steel hub asks mills to control surge

Juno completes IPO, moves on Mt Mason

By: Esmarie Iannucci     14th May 2021 Newly spun-out Juno Minerals has raised a$3.9-million in its initial public offering (IPO) and has listed on the Australian bourse under the ticket JNO. The company said on Friday that the IPO funds added to the A$5-million in seed capital provided by parent company Jupiter Mines, which has not... 

Mining production, sales increase year-on-year in March

By: Tasneem Bulbulia     13th May 2021 Mining production increased by 21.3% year-on-year in March, data published by Statistics South Africa shows. The largest positive contributors were platinum group metals (PGM), with a 68.6% increase and contributing 11.6 percentage points; iron-ore, with a 47.9% increase and contributing 4.1... 

Mining production, sales increase year-on-year in March

Iron-ore euphoria of today arising out of iron-ore despair of yesteryear offers crucial policy lesson, says mining analyst in a ‘Postcard to the President’ 

By: Martin Creamer     12th May 2021 If you bought R100 000 worth of shares in Kumba Iron Ore at the start of 2016, you would now be sitting on shares worth a staggering R2.67-million, excluding dividends. This is because Kumba’s all-time low share price of R25.35 in January 2016 has skyrocketed 2 647% to R696.45, reflecting the... 

In a ‘Postcard’ to President Cyril Ramaphosa, mining analyst Bruce Williamson (right) pleads for the creation of ‘all-weather’ mining policy.
Photo by Creamer Media
In a ‘Postcard’ to President Cyril Ramaphosa, mining analyst Bruce Williamson (right) pleads for the creation of ‘all-weather’ mining policy.

Baosteel to keep 'overpriced' iron-ore inventories at low level

By: Reuters     12th May 2021 China's Baoshan Iron & Steel Co, the country's biggest listed steel producer, said it would limit its iron-ore inventories in the short term as prices for the raw material have risen "much higher than they should". Iron ore prices have been disrupted by speculative capital flows and have seen... 

Anglo says technology integral to its sustainability 

By: Schalk Burger     12th May 2021 Diversified mining multinational Anglo American on May 11 provided a detailed overview and update of the technologies that are being developed and deployed group-wide, as well as the impact of its operating model changes, to sustain and improve its operations. “Technology and innovation are... 

Anglo American technical director Tony O'Neill
Anglo American technical director Tony O'Neill

Iron-ore’s ‘ridiculous’ prices to stay as fear grips commodities

By: Bloomberg     12th May 2021 Iron-ore’s stunning surge won’t fade anytime soon because buyers remain nervous about being caught short as global demand accelerates amid lingering supply threats, according to a veteran commodities trader. The steelmaking material forged new all-time highs this week, soaring past $220 a ton... 

Iron-ore’s ‘ridiculous’ prices to stay as fear grips commodities

Miners welcome resource funding, but petroleum levy questioned

By: Esmarie Iannucci     12th May 2021 The resources sector has welcomed measures by the federal government to boost resource investment and growth. During the 2021-22 Budget, the federal government announced a A$100-million investment to extend the Junior Minerals Exploration Incentive for a further four years, from July 2021, to... 

Miners welcome resource funding, but petroleum levy questioned

Tsodilo starts studies for PEA of Botswana iron project

By: Creamer Media Reporter      11th May 2021 Diamond and metals exploration company Tsodilo Resources has initiated geochemical analysis for grade determination and geotechnical test work for rock mass rating evaluation for the preliminary economic assessment (PEA) of its Xaudum Iron Formation (XIF) project, in Botswana. As part of the... 

Gerald Group resolves iron-ore dispute with Sierra Leone

By: Reuters     11th May 2021 US commodity trader Gerald Group will pay Sierra Leone $20-million and cede a 10% stake in an iron-ore project as part of the resolution to a nearly two-year dispute that led to the shutdown of production, the company said. Gerald's wholly owned subsidiary SL Mining filed for arbitration in... 

Australia iron-ore exports beat records in March

By: Esmarie Iannucci     11th May 2021 Australia’s iron-ore exports reached a record A$14-billion in March this year, up from the A$9.2-billion reported in the same period last year, new data from the Australian Bureau of Statistics (ABS) has shown. Iron-ore exports were worth A$12.4-billion in January this year, up from the... 

Australia iron-ore exports beat records in March

New report identifies global mining sector's carbon reduction opportunities

By: Tasneem Bulbulia     10th May 2021 The global mining industry must move away from legacy systems and processes if it is to meet the challenge of decarbonisation. This is according to a new report, ommissioned by engineering company Weir Group, which calculates mining’s share of global energy consumption and identifies ways the... 

Iron-ore turns ‘very, very hot’ as prices jump 10% in minutes

By: Bloomberg     10th May 2021 Iron-ore futures leaped higher as trading opened on Monday, extending a record run amid rampant Chinese demand and a wider surge in commodity prices as the global economy recovers. Futures in Singapore jumped more than 10% to hit a fresh record high of $226 a ton. The steelmaking raw material is... 

Iron-ore turns ‘very, very hot’ as prices jump 10% in minutes

Global iron-ore production to recover this year, says GlobalData

By: Tasneem Bulbulia     7th May 2021 Global iron-ore production decreased by 3% to 2.2-billion tonnes in 2020; and global production is expected to grow at a compound annual growth rate (CAGR) of 3.7% between 2021 to 2025 to 2.66-billion tonnes, says data and analytics company GlobalData. The key contributors to this growth will be... 

UK court to reconsider £5bn Brazil dam lawsuit against BHP

By: Reuters     7th May 2021 London's Court of Appeal will hear a request to revive a £5-billion lawsuit against Anglo-Australian mining group BHP Over a 2015 dam failure in Brazil, a court order showed. Judge Nicholas Underhill has agreed to an oral hearing that could help to overturn a previous Court of Appeal decision... 

Minnesota to cancel leases for Mesabi Metallics’ mine near Nashwauk

By: Creamer Media Reporter      7th May 2021 The Minnesota Department of Natural Resources (DNR) is reportedly terminating the leases for the stalled Mesabi Metallics taconite mine on the Iron Range, after the company failed to meet deadlines imposed by the state. Mesabi reportedly failed to submit documents and to secure funding for the... 

Minnesota to cancel leases for Mesabi Metallics’ mine near Nashwauk
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