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Iron Ore News

Anglo's second-quarter copper, nickel output rises, while diamonds, platinum output falls

By: Donna Slater     16th July 2020 Diversified miner Anglo American has acted with resilience in the face of the global Covid-19 pandemic, which has affected many of its operations in different countries, with some commodities being affected more significantly than others, CEO Mark Cutifani says. "Our comprehensive response... 

275 mine operations disrupted owing to Covid-19, says S&P Global Market Intelligence 

By: Simone Liedtke     15th July 2020 Analytics firm S&P Global Market Intelligence says 275 mining operations across the world have been disrupted as a result of Covid-19 to date. These operations span across 36 countries, with only 36 mines having reopened to some degree so far. Four of these have had to re-close after new... 

BHP faces first step in $6.3bn UK claim over Brazil dam failure

By: Reuters     15th July 2020 More than 200 000 Brazilian people and groups will next week kick off a five-billion-pound lawsuit against Anglo-Australian miner BHP in Britain over a 2015 dam failure that led to Brazil's worst environmental disaster. The group claim, one of the largest in British legal history, has been... 

BHP faces first step in $6.3bn UK claim over Brazil dam failure
Photo by Samarco
Samarco is a joint venture between BHP and Vale.

Global mining sharing knowledge in response to Covid-19  

By: Martin Creamer     14th July 2020 The International Council on Mining & Metals (ICMM) has been convening many knowledge-sharing sessions in response to the coronavirus. Among ICMM’s 27 mining and metals company members and 36 association members are South Africa’s African Rainbow Minerals, Anglo American, AngloGold Ashanti,... 

Global mining sharing knowledge in response to Covid-19
International Council on Mining and Metals CEO Tom Butler talks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Positive reaction to ANC document’s encouragement of exploration  

By: Martin Creamer     14th July 2020 Reaction has been positive to the discussion document of economic transformation committee (ETC) of the African National Congress (ANC), which states that the listing of mining companies on the Johannesburg Stock Exchange (JSE) should be encouraged and mining exploration incentivised, as is the... 

Positive reaction to ANC document’s encouragement of exploration
Photo by Creamer Media
Paul Miller...flashback to his period in coal exploration and development.

China snaps up steel as pandemic creates two-speed global market

By: Bloomberg     14th July 2020 China’s steel buyers have pounced on cheap offers from around the world to feed buoyant demand at home, with flows to the biggest market reaching levels unseen since the global financial crisis. Imports of finished steel products jumped last month to nearly 1.9-million tons, just short of the... 

Covid opens up opportunity for more constructive, purposeful dialogue – Minsur  

By: Martin Creamer     13th July 2020 The Covid-19 pandemic has allowed the mining industry to highlight and strengthen its role as a catalyst of social development in the areas in which it operates, Minsur  CEO Juan Luis Krueger said on Monday. Krueger was speaking during an  International Council on Mining and Metals (ICMM) online... 

Covid opens up opportunity for more constructive, purposeful dialogue – Minsur
International Council on Mining and Metals virtual Covid event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Kobe, Vale and Mitsui team up on low CO2 iron-making

By: Creamer Media Reporter      13th July 2020 Japanese steelmaker Kobe Steel is collaborating with the iron-ore major Vale and global trading and investment company Mitsui on providing low carbon dioxide (CO2) iron metallic and iron-making solutions. Kobe says the direct reduction iron-making technology of its US subsidiary, Midrex... 

Kobe, Vale and Mitsui team up on low CO2 iron-making
Direct reduced iron is a raw material for steelmaking made by reducing iron-ore.

Investors in mining exploration should be incentivised – ANC’s ETC 

By: Martin Creamer     13th July 2020 Listings of mining companies on the Johannesburg Stock Exchange should be encouraged and South African retail investors willing to invest in mining exploration should be incentivised as is the case in other mining jurisdictions, the economic transformation committee (ETC) of the African National... 

Investors in mining exploration should be incentivised – ANC’s ETC
Photo by Creamer Media
ANC document says mining exploration should be incentivised.

Return of foreign mineworkers taking double planned time   

By: Martin Creamer     13th July 2020 The return of the 12 500 foreign mineworkers to South Africa’s mines is taking double the time planned. The initial ten-day plan of Minerals Council South Africa has become a 20-day plan because of the need to overcome bottlenecks. 

Return of foreign mineworkers taking double planned time
Minerals Council South Africa Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Riley gets port access

By: Esmarie Iannucci     9th July 2020 Junior Venture Minerals has inked a port access agreement for its Riley iron-ore mine, in in Tasmania, with TasPorts. Venture on Thursday said that the agreement fully secured the pathway for production from the mine gate to shipping, and effectively meant that mining could immediately start,... 

Getting it right: Kogi Iron

By: Creamer Media Reporter      8th July 2020 Mining Weekly incorrectly reported on July 7 that ASX-listed Kogi Iron had received a large investment from European funds management company Torridon Investments Research to develop its Agbaja cast steel project, in Nigeria. However, Torridon, which is a European funds manager with billions of... 

Correction: Kogi Iron

By: Schalk Burger     7th July 2020 Mining Weekly incorrectly reported on July 7 that ASX-listed Kogi Iron had received a large investment from European fund management company Torridon Investments Research to develop its Agbaja cast steel project, in Nigeria. However, Torridon, which is a European fund manager with billions of... 

Dlamini resigns as Kumba director

By: Donna Slater     7th July 2020 Nonkululeko Dlamini, who has taken up the position of Transnet CFO, has resigned as nonexecutive director of iron-ore miner Kumba Iron Ore. Kumba chairperson Dr Mandla Gantsho thanks her for her “invaluable contribution” to the board.  

Minerals Council regrets delay of 2018 Mining Charter review 

By: Martin Creamer     6th July 2020 Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgement of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.... 

Minerals Council regrets delay of 2018 Mining Charter review
Photo by Creamer Media
Minerals Council South Africa.

Moon metals discovery aids development of lunar formation theories

By: Rebecca Campbell     3rd July 2020 Scientists using data from the US National Aeronautics and Space Administration’s (Nasa’s) Lunar Reconnaissance Orbiter (LRO) spacecraft have discovered evidence that the Moon might, underneath its surface, be richer in metals (such as iron and titanium) than had previously been believed. Nasa is... 

Moon metals discovery aids development of lunar formation theories

Covid kills 13 mineworkers, no foreigners back at work  

By: Martin Creamer     2nd July 2020 Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum mining in North West province, which has the most cases at 1 413... 

Covid kills 13 mineworkers, no foreigners back at work
Minerals Council South Africa Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

GlobalData expects iron-ore consumption to decrease 2.8% this year

By: Tasneem Bulbulia     2nd July 2020 Global iron-ore consumption is likely to decrease by 2.8% this year, as a result of the impact of Covid-19 on the mining sector, as well as owing to decreased demand in the automotive industry, says analytics and data company GlobalData. It points out that the automotive industry accounts for... 

Commodity freighters are shrugging off Covid-19. For now

By: Bloomberg     1st July 2020 The cost of moving commodities like coal and iron-ore across the world’s oceans is surging as China lifts cargo purchases. Whether the rally will withstand the economic aftershocks of the coronavirus is a thornier question. Rates for giant capesize ships climbed to almost $31 000 a day on... 

Vale to relocate 50 people near dams, expanding 'safety zone'

By: Reuters     1st July 2020 Brazilian miner Vale said on Wednesday it will relocate about 50 people near a series of tailings dams in the state of Minas Gerais to reflect concern that a wider area could be hit by a potential dam burst. Vale said in a securities filing that the move to expand the "safety zone" around the... 

Vale to relocate 50 people near dams, expanding 'safety zone'

A miner blew up ancient human history. Now an industry may pay

By: Bloomberg     1st July 2020 Scraping away delicately at the reddish-brown earth of northwestern Australia’s vast Pilbara region, a team of archaeologists uncovered a record of life dating back more 40 000 years. Buried in natural shelters at the base of a cliff were thousands of stone and wooden tools, the sharpened fibula... 

A miner blew up ancient human history. Now an industry may pay
Rio Tinto CEO Jean-Sebastien Jacques.

Kogi adopts phased approach to funding, work on Agbaja project

By: Marleny Arnoldi     30th June 2020 ASX-listed Kogi Iron has announced that it will adopt a staged funding and development programme to ensure the development of its Agbaja cast steel project, in Nigeria, continues to progress. The company also revised down its initial envisaged production rate during Phase 1 of the project to... 

Kogi adopts phased approach to funding, work on Agbaja project
Iron ore

Environmental groups propose tailings dam safety standards

By: Reuters     30th June 2020 Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held legally responsible for any disasters, a coalition of 140 environmental groups said in a report published on Tuesday. The recommendations, which differ from standards to be... 

BHP completes first blockchain iron-ore trade

By: Esmarie Iannucci     29th June 2020 Major BHP has completed its first iron-ore trade with steel producer China Baowu on Canadian startup MineHub Technologies’ blockchain-based platform. The transaction was estimated to be worth some $14-million. MineHub connects buyers, sellers and service providers in mining and metals supply... 

Anglo American to buy wind power energy from Brazil's Casa dos Ventos

By: Reuters     26th June 2020 Global miner Anglo American has reached an agreement to buy 95 megawatts of wind power from Brazil's Casa dos Ventos for 20 years, starting in 2022, according to a statement issued on Thursday. Casa dos Ventos said its wind plant in the northeastern state of Rio Grande do Norte will provide... 

Vale signs deal with authorities on Covid-19 monitoring at Itabira mines

By: Reuters     26th June 2020 Brazilian miner Vale has signed an agreement on monitoring for possible coronavirus cases at its Itabira complex, a major iron ore production facility temporarily shuttered earlier this month out of health concerns, authorities said on Thursday. A number of sanitary measures including testing... 

Seriti CEO seeks acquisitions beyond South African coal mines

By: Bloomberg     25th June 2020 Seriti Resources Holdings has satisfied its appetite for South African coal mines after acquisitions over the past three years made the company one of the nation’s top producers of the fuel. Seriti will consider a range of growth opportunities from other minerals to renewable energy, CEO Mike... 

Lesotho opens more border posts for return of foreign mineworkers 

By: Martin Creamer     25th June 2020 Lesotho has opened up more border posts to speed up  the return to work of locked-down foreign mineworkers. As reported  by Mining Weekly last week, 12 000 mineworkers had one border post at their disposal on re-entering South Africa from Lesotho and the opening of more border posts was requested. 

Lesotho opens more border posts for return of foreign mineworkers
Minerals Council South Africa environment, health and legacies senior executive Nikisi Lesufi.

Anglo American calls for cooperative response in trying times 

By: Schalk Burger     25th June 2020 Diversified miner Anglo American CE Mark Cutifani has called for a society-wide response to the global Covid-19 crisis and says the miner is committed to global tax and the Extractive Industries Transparency Initiative (EITI). In its Tax and Economic Contribution report for the year ended... 

Anglo American calls for cooperative response in trying times
Anglo American CEO Mark Cutifani

Australia begins probe into Rio's destruction of Aboriginal site

By: Reuters     18th June 2020 Australia called for submissions on Thursday to an inquiry into how mining giant Rio Tinto legally blew up two sacred Aboriginal caves that showed human history stretching back at least 46,000 years. Rio in late May destroyed the sacred caves in the Juukan Gorge in the Pilbara region of Western... 

Australia begins probe into Rio's destruction of Aboriginal site

Vale can reopen Itabira complex after coronavirus measures

By: Reuters     18th June 2020 Brazilian iron-ore miner Vale has received permission to reopen mines in the Itabira complex shuttered due to coronavirus concerns, the company said in a Wednesday filing, adding there was no change to its production guidance. Vale said it had received permission to reopen the mines from Minas... 

Kogi's Nigerian operations impacted by Covid-19 prevention measures

By: Donna Slater     17th June 2020 ASX-listed iron-ore miner Kogi Iron reports that, although no employees of its Nigeria-based subsidiary KCM Mining, its Nigeria-based Agbaja Cast Steel project or the greater Agbaja plateau community, have been infected with Covid-19, the operation has been materially impacted on by measures... 

Fortescue sets zero emissions target for 2040

By: Esmarie Iannucci     16th June 2020 Iron-ore major Fortescue Metals has set a target to achieve net zero operational emissions by 2040. The company on Tuesday said that the net zero emissions goal was core to the its climate change strategy and underpinned by a pathway to decarbonisation, including the reduction of Scope 1 and 2... 

More border openings wanted for returning workers – Minerals Council 

By: Martin Creamer     15th June 2020 More border openings are wanted for returning foreign mineworkers. As of Thursday last week, not a single foreign mineworker had re-entered South Africa from neighbouring foreign countries. “Only a limited number of border posts are open,” Minerals Council South Africa environment, health and... 

More border openings wanted for returning workers – Minerals Council
Minerals Council South Africa Covid-19 Update covered by Mining Weekly Online’s Martin Creamer. Video: Darlene Creamer

NMDC halts operations at key iron-ore mine after state government order

By: Reuters     12th June 2020 India's NMDC said on Friday it had temporarily suspended operations at a key iron ore mine in the eastern state of Chhattisgarh after the state government ordered it to do so. NMDC chairman N.Baijendra Kumar told Reuters he was unsure why Chhattisgarh had instructed it to halt operations. The... 

TymeBank set to hit two-million-customer milestone ahead of schedule

By: Martin Creamer     12th June 2020 Fully-digital retail finance house TymeBank is poised to achieve its two-million-customer milestone three months ahead of schedule, African Rainbow Capital (ARC), its majority shareholder, stated on Friday. Following its official launch in February last year, TymeBank acquired one-million... 

TymeBank set to hit two-million-customer milestone ahead of schedule
Photo by Creamer Media
Dr Patrice Motsepe

240 000 miners back at work – Minerals Council South Africa 

By: Martin Creamer     11th June 2020 An estimated 240 000 miners are back at work on 385 large and small mines across South Africa, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Each and every one of these miners was screened on their return to work after lockdown... 

240 000 miners back at work – Minerals Council South Africa
Mining Weekly’s Martin Creamer reports on Covid update by Minerals Council South Africa. Video: Darlene Creamer 11.06.2020

Mining production falls sharply in April as lockdown effects take hold 

By: Simone Liedtke     11th June 2020 The Covid-19 pandemic and subsequent lockdown regulations since March 27 have had a severe impact on economic activity, with mining production alone having decreased by 47.3% year-on-year in April. Overall, platinum group metal (PGM) production was down 62% year-on-year and contributed -14.6... 

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