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Iron Ore News

WA posts bumper resource year

By: Esmarie Iannucci     13th April 2022 Western Australia’s resources industry was worth a record A$230-billion in revenue in 2021, the state government revealed this week. Resources sales for 2021 were up 30%, or A$53-billion, from 2020, based on the latest annual data released by the Department of Mines, Industry Regulation and... 

Clients planning to close many renewable energy project deals this year – Nedbank CIB  

By: Martin Creamer     11th April 2022 While Africa is blessed with great natural sun and wind resources, it has about 600-million people living without access to electricity, which is one of the biggest impediments to the continent’s economic growth. Renewable energy is available to put an end to this impediment, as it can provide... 

Picture supplied
Nedbank CIB Group Managing Executive Anél Bosman interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Rio Tinto’s board backs giant Simandou iron-one mine 

By: Bloomberg     11th April 2022 Rio Tinto's board has signaled its support to develop the Simandou iron-ore project in Guinea, the world’s biggest untapped resource of the key steelmaking ingredient. Rio Tinto controls half of the Simandou deposit, which spent years in limbo because of disputes over ownership rights and the... 

Rio Tinto CEO Jakob Stausholm
Rio Tinto CEO Jakob Stausholm

Ukraine miner Ferrexpo rises on better-than-feared quarter

By: Reuters     8th April 2022 Ukraine-focused miner Ferrexpo FXPO.L said on Friday it was able to sell most of the iron-ore pellets it produced in the first quarter even though its main port was shut forcing it to seek alternative methods to deliver to sea-borne markets. Shares in the London-listed miner, which have lost more... 

Fortescue finds funding for growth projects

By: Esmarie Iannucci     8th April 2022 Iron-ore major Fortescue Metals has completed a $1.5-billion senior note offering to fund its growth and green energy aspirations. The miner said that $800-million of the proceeds from green senior notes would be applied to a number of decarbonisation initiatives, including the 150 MW solar... 

DEV Mineração restarts iron-ore shipments from Amapa

By: Creamer Media Reporter      8th April 2022 Mineral resources investment and development company Cadence Minerals reports that DEV Mineração has restarted the sale and shipment of its iron-ore stockpiles from the Amapa project, in Brazil. This shipment represents the first export of iron-ore since Cadence vested its equity interest (27%)... 

Northam, AngloGold debut on this year’s Brand Finance South Africa 100 ranking

By: Marleny Arnoldi     7th April 2022 A series of mining companies have, this year, joined the ranks of Brand Finance South Africa 100 for the first time. Every year, Brand Finance puts 5 000 of the biggest brands to the test and ranks them across all sectors and countries. South Africa’s top 100 most valuable and strongest brands... 

Mining capital project success can be secured by implementing digital platform – webinar

By: Simone Liedtke     7th April 2022 The success of mining projects largely depends on thousands of interconnected decisions made every day, at every level, across multiple organisations, thereby making them highly complex. As such, inefficiencies and risks can inevitably lead to additional project costs and delays that can grow... 

Combined pic of Deon Stassen, Lerato Mazibuko and Pieter Bouwer
(From left to right) Deon Stassen, Lerato Mazibuko and Pieter Bouwer

BHP and Rio join forces on Green Corridor for iron-ore

7th April 2022 Diversified miner BHP joined a consortium, led by the Global Maritime Forum, in signing a letter of intent to assess the development of an iron-ore Green Corridor between Australia and East Asia. The consortium also includes fellow major Rio Tinto, Oldendorff Carriers and Star Bulk Carriers Corp. 

Image shows iron-ore being loaded onto a ship for transport

Brazilian miner Vale agrees to sell manganese, iron ore assets to J&F

By: Reuters     6th April 2022 Brazil's Vale has agreed to sell its manganese and iron ore mines in central Brazil, with an enterprise value of about $1.2-billion, to holding company J&F Investimentos, it said in a securities filing on Wednesday. In addition to the manganese and iron-ore mines, the mining giant also agreed to... 

Iron-ore being transported to port

Green finance taxonomy to help investors make green project decisions – law firm 

By: Martin Creamer     5th April 2022 South Africa’s first green finance taxonomy will help investors and financial institutions make more informed decisions on ‘green’ projects, say Webber Wentzel’s Patrick Heron and Joon Chong. Heron and Chong describe the taxonomy, launched by National Treasury last Friday, as an official... 

Pictures supplied
Patrick Heron (left) and Joon Chong.

Metals, new mine investment required now to support future energy transition 

By: Donna Slater     5th April 2022 Despite the significant energy intensity required to mine metals, the commodities are still “essential for the energy transition to succeed”, says BHP market analysis and economics VP Dr Huw McKay. He says that, although having a common goal of limiting global warming to below 2 °C of... 

BHP's Spence mine

Pensana identifies targets for exploration in 2022

By: Marleny Arnoldi     4th April 2022 London-listed Pensana has confirmed more high-grade anomalies of rare earths, scandium and fluorite at its Coola licence, which is located 16 km north of the company’s Longonjo rare earth project, in Angola. The company embarked on further exploration activity in the third quarter of last year,... 

Minerals Council ending century-long relationship with Johannesburg CBD

By: Martin Creamer     4th April 2022 Minerals Council South Africa has begun a new era by moving into modern premises in Rosebank, Johannesburg, and closing a century-long chapter in Johannesburg’s central business district (CBD). The historic Minerals Council building, on Hollard Street– which was constructed in 1921 – will be sold. 

Creamer Media picture.
Photo by Creamer Media
Historic Minerals Council building, on Hollard Street.

Australia's energy exports on the rise - report

By: Esmarie Iannucci     4th April 2022 Australia’s resources and energy export earnings are forecast to surge to a record high A$425-billion for 2021-22. Minister for Resources and Water Keith Pitt said the latest forecast, from the Department of Industry, Science, Energy and Resources’ March 2022 edition of the Resources and Energy... 

Image shows coal exports at port

Friedland secures rail deal to tap Guinea iron-ore

By: Bloomberg     1st April 2022 A mining company controlled by billionaire Robert Friedland has secured access to a Liberian railway that opens the way for it to tap vast iron ore reserves in neighboring Guinea. The deal with the Liberian government provides High Power Exploration Inc. with an outlet for its Nimba concession,... 

Rail tracks

White Paper on rail lauded as SA loses at least 1% of GDP to Transnet inefficiency  

By: Irma Venter     31st March 2022 The South African coal, chrome, iron-ore and manganese mining sectors lost between R39-billion and R50-billion in export earnings last year as Transnet struggled with capacity to rail bigger volumes of these commodities to ports, says chief economist Mike Schussler. “To put this... 

Image of a rail track

Kogi raises $5m for Nigeria iron project

By: Darren Parker     30th March 2022 ASX-listed Kogi Iron has announced a $5-million capital raising programme, comprised of a $1.73-million share placement and an upcoming share purchase plan (SPP) to raise up to $3.3-million. Kogi is developing its 100%-owned Agbaja iron and steel project in Kogi State, Nigeria. 

Iron-ore production in Asia to peak by 2025, Fitch Solutions says

By: Tasneem Bulbulia     30th March 2022 Fitch Solutions Country Risk and Industry Research, a unit of Fitch Group, expects iron-ore production across Asia Pacific to rise from 2.16-billion tonnes now to 2.27-billion tonnes in 2025, after which it will enter a structural decline, falling to 2.17-billion tonnes by 2031. Further, the... 

Vale-BHP JV Samarco says it has not yet reached agreement with creditors

By: Reuters     30th March 2022 Brazilian miner Samarco Mineracao failed to reach an agreement with creditors on its restructuring plan after a new round of meetings, it said on Wednesday, ahead of an April 1 bondholders assembly. The company, a joint venture between Vale and BHP Group, said in a statement it presented... 

Critical minerals, infrastructure and jobs big takers in Budget

By: Esmarie Iannucci     30th March 2022 The Australian resources sector has welcomed the government’s investment initiatives unveiled in the 2022-23 Budget. The 2022-23 Budget measures include a A$200-million spend over five years for the Critical Minerals Accelerator Initiative, and a A$50.5-million spend over three years for a... 

Image shows Australian flag and crest

Beowulf aims for Kallak scoping study before year-end

By: Mariaan Webb     29th March 2022 London-listed Beowulf Mining, which last week secured an exploitation concession for the Kallak iron-ore project after many years of delay, will aim to complete a scoping study before year-end, CEO Kurt Budge said on Tuesday. Its plans for Kallak’s development also include the creation of a... 

Simandou iron-ore mine developers risk penalties if timeline missed, Guinea says

By: Reuters     29th March 2022 Rio Tinto and a Chinese-backed consortium risk losing their mining licences if they fail to meet a tight construction timeline for the Simandou iron-ore mine in Guinea, the West African country has said. Guinea's government has grown increasingly impatient with the mining firms that control the... 

Ukraine's Metinvest doubles iron-ore exports to Europe despite fighting

By: Reuters     29th March 2022 Ukraine's largest steelmaker Metinvest has doubled its iron-ore shipments this month to Europe despite fighting that has ravaged the country, its chief executive said. The company typically used to ship 500 000 t to 600 000 t of iron-ore concentrate or pellets to Europe each month, but that has... 

Fortescue positive on iron-ore future

By: Esmarie Iannucci     29th March 2022 ron-ore major Fortescue Metals was optimistic on the iron-ore price outlook. Fortescue’s iron-ore COO Dino Otrano told delegates at the Global Iron Ore and Steel Forecast conference, in Perth, that global market conditions remained supportive for iron-ore, with an expectation of an increased... 

Vale settles $630m in cases related to Brumadinho disaster

By: Reuters     28th March 2022 Brazilian miner Vale said on Monday that individual settlements related to the Brumadinho dam disaster reached over three-billion reais ($629.92-million) so far, roughly three years after the incident. The collapse of a tailings dam at Vale's Corrego do Feijao mine in Brumadinho released a... 

Green hydrogen energy supply to local communities envisaged by Anglo 

By: Martin Creamer     28th March 2022 The green hydrogen footprint being developed by Anglo American could be extended to provide low-cost and efficient energy to local communities. Anglo, which is advancing towards using green hydrogen to replace diesel in the huge haul truck it is building at Anglo American Platinum’s Mogalakwena... 

Creamer Media picture taken at South Africa Investment Conference
Photo by Creamer Media's Donna Slater
Anglo American CEO Mark Cutifani.

Weekly Commodities Market Wrap

28th March 2022 Coal markets continue to stabilise, with the back end of the curve having come up significantly in recent weeks. A great opportunity for coal producers to start locking in some forward pricing. Crude oil prices are looking tired, with Brent struggling to hold the $120 mark. With no shortage of... 

Weekly Commodities Market Wrap

WA miners contributed A$100bn to Australian economy - CME

By: Esmarie Iannucci     28th March 2022 Data released by the Chamber of Minerals and Energy for Western Australia (CME) has shown that the mining and resources sector had contributed some A$100-billion to the Australian economy. The CME said on Monday that an analysis of 56 Western Australian resources sector companies has found the... 

Rio welcomes Simandou deal

By: Esmarie Iannucci     28th March 2022 Mining giant Rio Tinto has welcomed a deal with the government of Guinea, which could see the Simandou iron-ore project finally developed. Reuters over the weekend reported that the Guinea government had struck a deal with Rio and Chinese consortium SMB Winning for a 15% stake in the rail, port... 

Image shows the Simandou site

Commodity boom remains untapped as South Africa fights rail woes

By: Bloomberg     28th March 2022 South Africa is missing out on some of the riches on offer from the commodities boom as a rail network beset by problems hobbles its exports. While coal prices recently soared to a record and iron ore is historically high, miners are being forced to stockpile supplies as state-owned Transnet... 

A Transnet Freight Rail train transporting coal to port

Guinea reaches deal with miners to resume Simandou iron ore development

By: Reuters     28th March 2022 Guinea's ruling junta has reached an agreement with Rio Tinto and a Chinese-backed consortium to resume activities at the huge Simandou iron-ore deposit, the mines minister said, after resolving infrastructure disputes. Simandou holds more 4 billion tonnes of ore according to Guinea's government,... 

The Simandou iron-ore mine stie

Mining industry joins opposition to Brazil Indigenous Land Bill

By: Bloomberg     23rd March 2022 There is a notable opponent to the Brazilian government’s plans to allow mining on indigenous lands -- the mining industry itself. Proposed rules backed by President Jair Bolsonaro are considered too lax by large miners. In a statement Tuesday, iron-ore giant ​Vale called for free, prior and... 

An image of Brazil President Jair Bolsonaro
Brazil President Jair Bolsonaro

Sweden gives qualified go-ahead for northern Kallak iron-ore mine

By: Reuters     22nd March 2022  Sweden's government gave a qualified green light on Tuesday to Britain's Beowulf Mining to proceed with plans for an iron ore mine in the far north that has been opposed by indigenous people over its environmental impact. Beowulf can now start economic and environmental studies and apply to an... 

Sweden gives qualified go-ahead for northern Kallak iron-ore mine

New study lowers Southdown costs

By: Esmarie Iannucci     22nd March 2022 A prefeasibility study (PFS) into the Southdown magnetite project, in Western Australia, has identified a lower cost development option, compared with a 2012 definitive feasibility study (DFS). ASX-listed Grange Resources completed the PFS earlier this year, and found that a smaller five-million... 

Parliaments must act swiftly to reduce climate change – Mapisa-Nqakula  

By: Martin Creamer     22nd March 2022 National Assembly speaker Nosiviwe Mapisa-Nqakula on Monday urged heads of the world's Parliaments gathering at the 144th plenary assembly of the Inter-Parliamentary Union to undertake all necessary efforts to deal with climate change through oversight and the constitutional powers of the... 

South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula
South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula

Expanded Razorback proves a winner for Magnetite Mines

By: Esmarie Iannucci     21st March 2022 An expansion study into the Razorback iron-ore project has confirmed the benefits to owner Magnetite Mines. The expansion study evaluated an increase in production from the initial three-million tonnes a year of iron-ore concentrates to seven-million tonnes a year, incorporating the addition... 

Macarthur moves to next phase at Lake Giles

By: Esmarie Iannucci     21st March 2022 A feasibility study into the Lake Giles iron project, in Western Australia, has estimated that the project would have a mine life of some 20-years. ASX- and TSX-V listed Macarthur Minerals on Monday told shareholders that the feasibility study confirmed the project could produce some... 

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