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Iron Ore News

South Africa’s iron-ore sector to benefit from rising Chinese demand 

By: Simone Liedtke     7th October 2020 South Africa’s Northern Cape is considered a “fantastic mineral region” and African Rainbow Minerals ferrous division CE Andre Joubert believes iron-ore, besides other commodities, is likely to benefit following the Covid-19 pandemic. Crude steel is a major driver for iron-ore production, he... 

Afrimat earnings slowly rise following pandemic impact

By: Simone Liedtke     7th October 2020 Industrial minerals and building materials supplier Afrimat is expecting to report headline earnings a share of between 181.9c and 191c for the six months ended August 31, representing an increase of between 0% and 5% year-on-year. Earnings a share are expected to be between 183.5c and 192.7c,... 

Brazil judge denies request to freeze Vale accounts

By: Reuters     7th October 2020 A Brazilian judge denied a request to freeze 26.7-billion reais ($4.81-billion) in miner Vale's accounts, the courthouse said on Tuesday, in a decision related to losses incurred after the Brumadinho tailings dam burst last year. The decision is a setback for prosecutors, who have been taking a... 

Hydrogen can be game-changer for South African economy ­– PwC  

By: Martin Creamer     6th October 2020 Hydrogen has the potential to be a game-changer for the South African economy, PwC African mining leader Andries Rossouw said on Tuesday. Speaking during the virtual release of the professional services firm’s 12th edition SA Mine, a series of publications that highlights trends in the South... 

Hydrogen can be game-changer for South African economy ­– PwC
Mining Weekly’s Martin Creamer reports on PwC SA Mine 2020 event. Video: Darlene Creamer

Vale restarts Viga plant

By: Creamer Media Reporter      5th October 2020 Brazilian miner Vale has restarted its Viga concentration plant, in Minas Gerais, after a judge on Thursday lifted an order that had suspended operations at the plant. Operations were halted for six days, while the company addressed issues relating to its operating permit. 

Sedibelo Platinum Mines closer to finding listing date – Frandsen  

By: Martin Creamer     5th October 2020 The unlisted Sedibelo Platinum in South Africa’s North West province is closer to finding a listing date, says Pallinghurst managing partner and co-founder and Sedibelo chairperson Arne Frandsen, who is absolutely bullish about the prospects for platinum group metals (PGMs) in the medium to long... 

Sedibelo Platinum Mines closer to finding listing date – Frandsen
Mining Weekly’s Martin Creamer interviewed Pallinghurst’s Arne Frandsen. Video: Darlene Creamer.

Brazil seeks to re-open $27bn lawsuit against BHP, Vale

By: Reuters     2nd October 2020 Brazilian federal and state prosecutors have asked a court to re-open a multi-billion-dollar civil action lawsuit against miners Samarco, Vale SA and BHP for damages caused by the Fundao dam burst in 2015, authorities said on Thursday. The incident at Samarco's Mariana facilities, a joint... 

Brazil seeks to re-open $27bn lawsuit against BHP, Vale
Doce River at Barra Longa, Minas Gerais. The city was severely impacted by Samarco’s 2015 tailings dam collapse. This February 2018 photo shows the reconstruction work that was completed.

Cape Hardy moves to development

By: Esmarie Iannucci     2nd October 2020 The Cape Hardy port, in the Eyre Peninsula, has entered development phase, after ASX-listed Iron Road satisfied all the conditions precedent to a A$250-million joint development agreement with Macquarie Capital. Iron Road, Macquarie and the Eyre Peninsula Co-operative Bulk Handling (EPCBH)... 

EPA approves Miralga Creek plans

By: Esmarie Iannucci     2nd October 2020 The Western Australian Environmental Protection Authority (EPA) has recommended environmental approval for iron-ore miner Atlas Iron’s Miralga Creek direct shipping ore (DSO) project, in the Pilbara. Atlas is proposing to construct and operate the Miralga Creek operation over four to five... 

Vale says 71 out of 104 dam structures receive positive stability assessments

By: Reuters     1st October 2020 Brazilian miner Vale said on Thursday that 71 out of 104 structures across Brazil have received positive stability assessments from the company's dam monitoring system. Of the 33 that have not received positive stability assessments, 32 are in the firm's ferrous metals operations, it said in a... 

Cabinless, emissionless vehicle foretelling underground’s autonomous future 

By: Martin Creamer     30th September 2020 Mining Weekly on Wednesday watched a cabinless emission-free next-generation mining vehicle autonomously load, haul and dump in an underground mine, without a human in sight. The cabinless design places emphasis on the extent to which traditional human operation at the rockface is becoming a... 

Cabinless, emissionless vehicle foretelling underground’s autonomous future
Photo by Creamer Media
Sandvik global product line manager automation David Hallett

Top steel producer commits to zero emissions by 2050

By: Mariaan Webb     30th September 2020 ArcelorMittal on Wednesday announced a group-wide commitment to being carbon neutral by 2050, building on the commitment made in 2019 for its European business to reduce emissions by 30% by 2030, and be carbon neutral by 2050. “As the world’s leading steel company, we believe we have a... 

Top steel producer commits to zero emissions by 2050

ARM appoints new FD, board executives

By: Donna Slater     29th September 2020 Diversified miner African Rainbow Minerals (ARM) has appointed CFO Tsundzukani Mhlanga as FD, following the resignation of outgoing FD Abigail Mukhuba who will step down from the board, effective September 30. ARM executive chairperson Dr Patrice Motsepe expresses his gratitude to Mukhuba for... 

Carbide recycling can create jobs for mine communities – Sandvik  

By: Martin Creamer     29th September 2020 The local extraction of carbide inserts can create job opportunities for communities living around mines – “a true win, win, win situation for society, our customers and ourselves”, Sandvik rock tools division VP Nina Axman enthused on Tuesday. Sandvik is developing a new recycling process that... 

Carbide recycling can create jobs for mine communities – Sandvik
Mining Weekly’s Martin Creamer reports on Sandvik’s mining innovation virtual event. Video: Darlene Creamer

Cleveland-Cliffs CEO says focus after ArcelorMittal deal is emissions

By: Bloomberg     29th September 2020 The head of Cleveland-Cliffs sees an “era of clean steel” ahead, and its main focus will be on cutting carbon emissions as it expands production of the metal with a second major acquisition this year. Cliffs, which on Monday said it will purchase the US operations of ArcelorMittal for... 

Iron-ore extends gains as Vale halts Viga plant operations

By: Reuters     29th September 2020 Iron-ore futures rose on Tuesday after miner Vale said it was suspending operations at a concentration plant in Brazil, though trading was subdued as market activity winds down ahead of China's October 1-8 National Day holidays. The steelmaking ingredient's most-traded January 2021 contract on... 

Vale suspends iron-ore production at Viga

By: Reuters     29th September 2020 Brazilian miner Vale said in a filing on Monday it is temporarily suspending operations at its Viga concentration plant in Minas Gerais state, which will result in 11 000 t/d fewer of iron-ore fine production. Iron ore fines are high-quality fine ore powders. This follows a court ruling which... 

Vale suspends iron-ore production at Viga

Cleveland-Cliffs to buy ArcelorMittal US assets in $1.4bn deal

By: Marleny Arnoldi     28th September 2020 NYSE-listed iron-ore and steel producer Cleveland-Cliffs on Monday announced a $1.4-billion deal with fellow-listed steel producer ArcelorMittal to acquire all its US operations and subsidiaries. Should the transaction close as planned during the last quarter of the year, it would make... 

Cleveland-Cliffs to buy ArcelorMittal US assets in $1.4bn deal
ArcelorMittal's Cleveland blast furnaces.

Aboriginal group says Rio Tinto ignored pleas to save sacred cave from blast

By: Reuters     25th September 2020 Rio Tinto ignored repeated requests from traditional owners for sacred Australian rockshelters to be protected in the months before the site was blasted during a mine expansion, an Indigenous group said on Friday. The world’s biggest iron ore miner in May destroyed the two caves in Western... 

Aboriginal group says Rio Tinto ignored pleas to save sacred cave from blast

Green hydrogen study integrating SADC ahead of trillion dollar market emergence   

By: Martin Creamer     23rd September 2020 JOHANNESBURG (miningweekly.com) – A German-funded project to develop a green hydrogen atlas across Southern Africa is integrating the Southern African Development Community (SADC) region ahead of the projected opening up of a trillion dollar market going into the future. 

Green hydrogen study integrating SADC ahead of trillion dollar market emergence
Sasscol executive director Dr Jane Olwoch interviewed by Engineering News & Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Rio Tinto to develop bonded area operations for blending iron-ore at Dalian port

By: Reuters     22nd September 2020 Anglo-Australian miner Rio Tinto has signed a pact to jointly develop its first bonded area operations to blend iron-ore in China's port of Dalian, the company said on Tuesday, as it moves to widen offerings for customers across Asia. China, the world's top iron-ore consumer, brought in more... 

Rio Tinto has not formally committed to review threatened sites, Aboriginal group says

By: Reuters     21st September 2020 Mining giant Rio Tinto has not formally committed to review the terms of an iron-ore mine development that would let it destroy 124 culturally significant sites, a group representing Aboriginal traditional owners said on Monday. Addressing a Parliamentary panel examining how Rio legally... 

Iron-ore confronts ‘turning point’ as futures battered yet again

By: Bloomberg     17th September 2020 Iron-ore is taking a beating amid mounting signals the tightness in the seaborne market that hoisted prices to multiyear highs is easing as leading miners boost shipments and stockpiles in China swell. “It’s now a turning point,” said Ban Peng, an analyst at Maike Futures Co. “Recent exports... 

Kallak products will be ‘market leading’, says Beowulf

By: Mariaan Webb     17th September 2020 The Kallak North deposit, which explorer and developer Beowulf Mining has been lobbying Sweden to exploit, has the potential to produce an exceptionally high-grade magnetite concentrate of 71.5% iron content. London-listed Beowulf Mining on Thursday announced findings of an expert market... 

Restoration after 2015 Brazil dam burst behind schedule -UN expert

By: Reuters     17th September 2020 None of 42 projects to repair damage from the 2015 collapse of a Brazilian dam is on track, according to a United Nations expert report published shortly before mining giant BHP hears if it will be pursued through English courts over the disaster. UN Special Rapporteur Baskut Tuncak alleged... 

Vale plans iron-ore capacity jump to 400Mt/y

By: Mariaan Webb     16th September 2020 Brazilian iron-ore giant Vale has detailed plans to increase its production capacity to 400-million tons a year – a substantial improvement on the capacity of its current operating assets. The miner currently has the capacity to produce 318-million tons a year. In 2018, before the Brumadinho dam... 

Vale plans iron-ore capacity jump to 400Mt/y

Fortescue says it won't consider heritage resolution at AGM

By: Reuters     15th September 2020 Fortescue Metals Group said on Tuesday it will not consider a shareholder resolution at its annual general meeting that called on the iron-ore miner to halt activities that could damage Aboriginal cultural heritage sites. The move comes on the heels of growing scrutiny on resource projects in... 

WA govt approves Fenix permits

By: Esmarie Iannucci     15th September 2020 Junior Fenix Resources has secured approvals from the Western Australian Department of Mines, Industry Regulation and Safety for the project management plan and clearing permit for Stage 1 of its Iron Ridge direct shipping ore (DSO) project. Fenix on Tuesday said that the approvals would allow... 

BNDES hires Bradesco to sell 214-million in local debt of miner Vale

By: Reuters     14th September 2020 Brazilian development bank BNDES hired Banco Bradesco BBI SA to coordinate a potential secondary offering of up to 214-million local bonds of miner Vale, it said in a filing on Friday. The sale would be part of Brazil's government efforts to raise cash by reducing its stake in big Brazilian... 

Rio backed CEO after blasts, then watchdog investors revolted

By: Bloomberg     14th September 2020 By the time Rio Tinto Group’s chairman, Simon Thompson, and non-executive directors talked on a late-night conference call Thursday, they’d spent a chastening two weeks in the bull’s-eye of hardening investor attitudes toward social and governance issues. Dozens of meetings with shareholders and... 

Rio backed CEO after blasts, then watchdog investors revolted
Jean-Sebastien Jacques

Rio Tinto may need to tap outsider for new chief 

By: Reuters     11th September 2020 Four years after mining giant Rio Tinto swept out its veteran managers to make way for a new generation of business heads, its leadership team has come unstuck. The world's biggest iron ore miner is looking for a new chief and iron ore boss after they allowed the blasting of ancient Aboriginal... 

Rio Tinto may need to tap outsider for new chief

South Africa's mining output declines 9.1% y/y in July

By: Simone Liedtke     10th September 2020 Mining production decreased by 9.1% year-on-year in July, with the largest negative contributors being other nonmetallic minerals and chromium ore sector. Other non-metallic minerals contributed -2.8 percentage points to the decline with an overall decrease of 44.9% in output, while chromium ore... 

BHP links bonuses to climate plan, sets medium-term targets

By: Mariaan Webb     10th September 2020 Diversified major BHP has set medium-term targets for reducing greenhouse emissions, announcing on Thursday that it would reduce emissions by at least 30% from adjusted 2020 levels by the end of this decade. The group has already established its long-term goal of achieving net zero operational... 

BHP links bonuses to climate plan, sets medium-term targets
BHP CEO Mike Henry

Rio board to debate CEO’s future as pressure mounts over blasts

By: Bloomberg     9th September 2020 Rio Tinto Group’s board will debate the future of CEO Jean-Sebastien Jacques as it faces pressure to respond more strongly to the destruction of ancient Aboriginal heritage sites in Australia, according to people familiar with the matter. Recent talks with shareholders, traditional landowners... 

Rio board to debate CEO’s future as pressure mounts over blasts
Rio Tinto CEO Jean-Sebastien Jacques

Strike granted a mining lease for Paulsens East

By: Esmarie Iannucci     8th September 2020 The Western Australian Department of Mines, Industry, Regulation and Safety has granted ASX-listed Strike Resources a mining lease for its Paulsens East iron-ore project. The mining lease will have an initial term of 21 years. 

Venture's SPP oversubscribed

By: Esmarie Iannucci     8th September 2020 Iron-ore developer Venture Minerals has raised A$2.5-million under an oversubscribed share purchase plan (SPP). Venture had initially sought to raise A$1.5-million under the SPP, but said on Tuesday that total applications received under the SPP had amounted to A$3.6-million. Given the high... 

Iron Ridge development approved

By: Esmarie Iannucci     7th September 2020 The board of ASX-listed Fenix Resources has green-lit the development of the Iron Ridge direct shipping ore (DSO) iron-ore project, in Western Australia. A 2019 feasibility study estimated that the project would produce some 1.25-million tons a year over a six-and-a-half year mine life, and... 

Magnetite shakes the tin for Razorback

By: Esmarie Iannucci     4th September 2020 ASX-listed Magnetite Mines will raise A$5.65-million through a one-for-four renounceable rights issue, priced at 1c a share. The offer price represented a discount of 29% to the company’s last closing price on August 28, and a 27% discount to its ten-day volume weighted average share price. 

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