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Iron Ore News

India employs UAVs to protect Chhattisgarh iron-ore mines

By: Ajoy K Das     12th February 2020 The Indian government has beefed up security in the central state of Chhattisgarh to increase protection of iron-ore mining assets in the region from threats posed by ultra-left-wing extremists. Besides increasing deployment of central paramilitary personnel, the new security protocol is based on... 

Vedanta sets sights on zinc, silver, iron-ore output growth 

By: Kim Cloete     12th February 2020 CAPE TOWN (miningweekly.com) – Natural resources company Vedanta Resources is aiming to become the world's biggest producer of zinc, as well as to double its production of silver and increase its iron-ore output from 10-million to 15-million tonnes a year.  Vedanta has a presence in steel,... 

Vedanta sets sights on zinc, silver, iron-ore output growth
Vedanta Resources executives tell Mining Weekly correspondent Kim Cloete about the group's growth plans and its corporate social investment initiatives. Video and editing: Nicholas Boyd.

Vale loses spot as world's top iron-ore producer

By: Reuters     11th February 2020 Brazil's Vale on Tuesday posted a sharp output decline and $671-million in net additional provisions stemming from a deadly dam burst about a year ago, underlining the enduring effects of the incident on the iron ore giant. In a statement, the company reported a 22.4% fall in fourth-quarter... 

Vale loses spot as world's top iron-ore producer
Vale's S11D iron-ore plant.

Patel asked to brief lawmakers on government’s response to ongoing steel job cuts 

By: Terence Creamer     11th February 2020 The opposition Democratic Alliance has written a letter to Trade and Industry Minister Ebrahim Patel calling on him to brief lawmakers about developments at steel group ArcelorMittal South Africa, which recently warned of additional job cuts at the company. AMSA confirmed on February 6 that,... 

Patel asked to brief lawmakers on government’s response to ongoing steel job cuts

Video: Minerals Council no longer just the voice of the mining majors 

By: Creamer Media Reporter      6th February 2020 The Minerals Council South Africa is no longer just the voice of the mining majors, Grant Mitchell, who heads up the council's Junior and Emerging Miners Desk pointed out in a briefing at the 2020 Investing in African Mining Indaba, this week. He highlighted that 40% of the Minerals Council's... 

Video: Minerals Council no longer just the voice of the mining majors
Minerals Council South Africa Junior and Emerging Miners Desk head Grant Mitchell addresses stakeholders at the 2020 Investing in African Mining Indaba. Video and editing: Nicholas Boyd.

Video: Venkat, Bristow enourage miners, govts to take a long-term view 

By: Creamer Media Reporter      6th February 2020 Mining companies and host governments have been urged to take a long-term view when investing in the natural resources sector in Africa. In a panel discussion on why investors should consider investing in Africa, Vedanta Resources CEO Srinivasan Venkatakrishnan (Venkat) highlighted the... 

Video: Venkat, Bristow enourage miners, govts to take a long-term view
Mining executives discuss the benefits of investing in Africa's mining sector and the impediments holding back the success of projects. Video and editing: Nicholas Boyd.

AMSA slumps to R3.3bn loss amid ‘exceptionally difficult’ conditions 

By: Terence Creamer     6th February 2020 Steel producer ArcelorMittal South Africa (AMSA) slumped to a R3.3-billion headline loss in 2019, which the JSE-listed group described as an exceptionally difficult one for the South African economy and also the most challenging for the world steel industry since the global financial crisis of... 

AMSA slumps to R3.3bn loss amid ‘exceptionally difficult’ conditions
Wind-down of the Saldanha Works, in the Western Cape, to be largely completed by the end of the first quarter

Transnet’s new head promises an open door and action

By: Kim Cloete     5th February 2020 State-owned Transnet’s newly appointed CE Portia Derby has pledged to partner with the mining industry in an open and transparent way in a bid to boost the utility and ultimately help grow the economy. “We want to be a cool, easy company to deal with. We don’t want to make it difficult for you to... 

Transnet’s new head promises an open door and action

Coronavirus hurts base metals, iron-ore prices

By: Simone Liedtke     5th February 2020 The outbreak and contagion of a new strain of the coronavirus – which began in the Chinese city of Wuhan in December – has contributed to renewed concerns over economic growth prospects, particularly in China. China, which is a major supplier and consumer of base metals as well as a major... 

Minerals Council South Africa lobbying strongly for junior miners   

By: Martin Creamer     5th February 2020 Junior and emerging miners hold the majority of the 1 700 to 1 800 mining rights that have been issued in South Africa, Minerals Council South Africa social performance head Alex Khumalo said on Wednesday. But most of these rights are not being exercised, Khumalo revealed at a media briefing he... 

Minerals Council South Africa lobbying strongly for junior miners
Minerals Council social performance head Alex Khumalo, junior miners leadership forum chairperson Errol Smart and junior and emerging miners' desk head Grant Mitchell in a briefing at the 2020 Investing in African Mining Indaba. Video and editing: Nicholas Boyd.

Equatorial strikes deal with Congolese partner

By: Esmarie Iannucci     4th February 2020 PERTH (miningweekly.com) – Junior Equatorial Resources has entered into a strategic alliance agreement with Congolese company Rock Mining SARL to advance the development of the Badondo iron project, in the Republic of Congo. Under the terms of the alliance agreement, Rock Mining will assist... 

The race is on for iron-ore riches buried under an African jungle

By: Bloomberg     4th February 2020 For years, the massive iron deposits under Guinea’s mountainous jungle were practically forgotten by the mining industry. Caught up in wrangles between owners and authorities in the West African nation, it seemed the super-rich ore might never be dug up.  That all changed last year, as investors... 

Mantashe eases constraints on mining companies' ability to generate own electricity   

By: Kim Cloete     3rd February 2020 Mineral Resources and Energy Minister Gwede Mantashe has assured mining companies in South Africa they will be able to generate their own energy to counter severe energy constraints. He also on Monday announced that government would be talking to investors about establishing a generating company... 

Mantashe eases constraints on mining companies' ability to generate own electricity
Minister of Mineral Resources and Energy, Gwede Mantashe, says mining companies will be able to generate their own energy in the light of severe energy constraints. The announcement was received with great applause by thousands of delegates to the Investing in African Mining Indaba in Cape Town. Video and editing: Nicholas Boyd.

Miners ditching diesel seek to cut costs and emissions

By: Bloomberg     3rd February 2020 Mining companies under investor pressure to curb carbon emissions are weaning themselves off the most polluting power sources, and see lower costs in using alternatives. Fortescue Metals Group joined rivals including BHP and Anglo American in flagging potential savings from new investments to... 

Urgent steps needed to revive South Africa’s economy – Minerals Council  

By: Martin Creamer     3rd February 2020 Urgent steps are needed to revive the South African economy, Minerals Council South Africa chairperson Mxolisi Mgojo said on Monday. Speaking on the first day of the four-day Investing in African Mining Indaba, he said the Minerals Council was ready and willing to work with the government. 

Urgent steps needed to revive South Africa’s economy – Minerals Council
Minerals Council chairperson Mxolisi Mgojo discusses low investor confidence in South Africa, while CEO Roger Baxter warns about the deterioration in security in the South African mining industry and how this is impacting on the sector and the economy. Video and editing: Creamer Media's Nicholas Boyd.

Commodity hammered in China by virus-driven demand fears

By: Bloomberg     3rd February 2020 Chinese commodity prices collapsed on the first day of trading after the Lunar New Year break as investors returned to markets gripped by fear over the impact the coronavirus will have on demand in the world’s biggest consumer of raw materials. The country’s three major commodity exchanges were... 

Fallout from coronavirus expected to have a ripple effect on coal, iron-ore

By: Kim Cloete     31st January 2020 The fallout from the coronavirus in China is expected to have a ripple effect on many sectors in the Chinese economy, slow down its economic growth and impact on its coal industry and imports. Coal trader Noble Resources research head Rodrigo Echeverri says the impact had been severely... 

Fallout from coronavirus expected to have a ripple effect on coal, iron-ore

Fortescue posts record shipments, invests in new energy infrastructure

By: Esmarie Iannucci     30th January 2020 Iron-ore major Fortescue Metals has reported record shipments for the six months ended December, driven by a 9% increase in quarterly shipments, which reached 46.4-million tonnes. Iron-ore shipments in the six months to December reached a record 88.6-million tonnes. 

Fortescue posts record shipments, invests in new energy infrastructure

Vale suspends employee travel to China over coronavirus

By: Reuters     28th January 2020 Brazilian miner Vale said on Tuesday it would suspend travel by its employees to and from China indefinitely as a precaution amid an outbreak of a new coronavirus. Vale, the world's largest iron-ore miner, said its employees in China will work remotely and the company will continue to operate... 

One year after Vale dam break, pain runs deep in Brazil mine disaster town

By: Reuters     27th January 2020 Exactly one year ago a tailings dam in the Brazilian town of Brumadinho collapsed, killing more than 250 people in one of the world's worst mining disasters. For survivors and relatives of the victims still searching for answers and justice, time has been no healer. "It's the same today as it... 

Vale raises emergency watch level for its Gongo Soco mine dam after heavy rain

By: Reuters     27th January 2020 Brazilian miner Vale has raised the emergency level at the Sul Inferior dam at its Gongo Soco mine in Barão de Cocais, in the southern state of Minas Gerais, after heavy rainfall eroded the structure's reservoir. "As a result of unusually heavy rain, Vale reinforced the number of field teams on... 

Mt Gibson posts solid quarter

By: Esmarie Iannucci     24th January 2020 Iron-ore miner Mount Gibson has reported a solid quarter in the three months to December, with iron-ore sales remaining consistent with the previous quarter. Iron-ore sales for the December quarter reached 1.3-million tonnes, consistent with the 1.3-million tonnes sold in the September quarter,... 

Beneficiation plant wins international awards

24th January 2020 The wet processing solution designed and delivered by wet processing equipment manufacturer CDE, simultaneously won two awards in Australia and Ireland for exceptional achievement and resource productivity. In 2017, CDE commissioned two wet processing plants in South Australia to convert an... 

Beneficiation plant wins international awards
HARD WON The company won two awards on the same night almost 10 000 miles apart

Kumba records solid operational performance

By: Tasneem Bulbulia     23rd January 2020 Iron-ore miner Kumba Iron Ore delivered a solid operational performance in the fourth quarter and the full-year ended December 31, CEO Themba Mkhwanazi said on Thursday. The Anglo American subsidiary produced 42.4-million tonnes of iron-ore and sold 42.2-million tonnes of iron-ore for the... 

Anglo American delivers on 2019 production targets

By: Tasneem Bulbulia     23rd January 2020 Diversified miner Anglo American delivered on its production targets across the business for the year ended December 31, CE Mark Cutifani said on Thursday with the release of the group’s unaudited production results for the fourth quarter and the full-year. Production was up 4% for the fourth... 

Anglo American delivers on 2019 production targets
Photo by Creamer Media
Anglo American CEO Mark Cutifani

From mining's saviour to homicide charges, the fall of Vale’s chief

By: Bloomberg     22nd January 2020 Fabio Schvartsman was supposed to be the fresh face that would help Vale, the world’s biggest iron-ore miner, advance the company after a 2015 dam collapse. Instead, the 65-year-old is facing homicide charges after the company’s latest deadly disaster. While he knew little of mining and metals,... 

From mining's saviour to homicide charges, the fall of Vale’s chief
Fabio Schvartsman

Iron-ore output far from certain as Vale homicide charges filed

By: Bloomberg     22nd January 2020 Vale was dealt back-to-back blows on Tuesday as Brazilian officials announced criminal charges including for homicide in the wake of last year’s deadly dam collapse, while a prosecutor indicated additional output cuts may be on the horizon. Former CEO Fabio Schvartsman was charged with 270... 

Iron-ore output far from certain as Vale homicide charges filed
Former Vale CEO Fabio Schvartsman has been charged with 270 counts of homicide.

Pollution insurance costs to jump for US tailings dams after Vale disaster

By: Reuters     21st January 2020 The 2019 mining disaster in Brazil is expected to lead to a double-digit jump in costs to insure US tailings dams that store mining waste against liability for environmental catastrophes. Tailings dams, some of which tower dozens of meters high and stretch for several kilometers, are the most... 

Iron-ore demand to slow, while seaborne supply rises 

By: Simone Liedtke     21st January 2020 Slower demand growth, especially in China, and a decent recovery in seaborne supply is expected to continue to feature prominently in the iron-ore industry this year, says global energy, chemicals, renewables, metals and mining research and consultancy group Wood Mackenzie (WoodMac). Prices are... 

Next decade set to be a serious transition period for mining – report 

By: Simone Liedtke     21st January 2020 The global mining and metals sector is facing one of its most challenging transitions yet as the industry is considering how it can best position itself to regain and maintain stakeholder confidence on environmental, social and governance (ESG) matters, global law firm White & Case states in its... 

Next decade set to be a serious transition period for mining – report

World risks 'disaster' as reuse of natural resources declines

By: Reuters     21st January 2020 The proportion of raw materials the world is reusing has fallen, researchers said on Tuesday, warning of a "global disaster" as annual consumption of natural resources rose to 100-billion tonnes for the first time. Just 8.6% of the 100-billion tonnes of materials – including minerals, metals,... 

Sierra Leone President confirmed to attend 2020 Mining Indaba

By: Simone Liedtke     20th January 2020 Sierra Leone President Julius Maada Wonie Bio will attend the 2020 iteration of the Investing in African Mining Indaba, which takes place in Cape Town from February 3 to 6. Bio was elected as the fifth President of Sierra Leone in May 2018 and is popularly referred to as the “Father of Democracy”... 

Glencore, Merafe to retrench Rustenburg Smelter employees 

By: Simone Liedtke     17th January 2020 Global miner Glencore Alloys and Merafe Resources have started a Section 189A process. The companies confirmed on Friday that written notice had been given to its employees at its joint venture (JV), the Rustenburg Smelter, in the North West. 

Brazil police say key part of Vale dam probe to wrap up in June

By: Reuters     16th January 2020 A key part of a Brazilian probe into the collapse of miner Vale's Brumadinho dam will wrap up in June, after police consult foreign experts to help identify the causes of the disaster, a leading police investigator said on Thursday. The police probe is one of several parallel investigations... 

A year after deadly disaster, Vale recovers its market value

By: Bloomberg     15th January 2020 Almost one year to the day, Vale shares recovered all the ground they lost following the deadly dam break that weighed on global iron-ore supplies and led to an international backlash. The stock on Tuesday traded as high as 56.35 reais, up 1.9% on the day and topping the 56.15 real close on Jan.... 

Ferrexpo production drops marginally as demand wanes

By: Reuters     13th January 2020 Iron-ore pellet producer Ferrexpo on Monday reported a small drop in full-year production as steel-making products faced weak demand due to sluggish global economic activity. Ferrexpo, a Swiss-based company with assets in Ukraine, produced 10.5-million tonnes of pellets for the year ended... 

Ferrexpo production drops marginally as demand wanes
Ferrexpo barging pellets.

Billionaire’s letters to Congo’s Kabila were sought by UK fraud watchdog

By: Bloomberg     9th January 2020 UK fraud prosecutors sought an Israeli billionaire’s correspondence with the former President of Democratic Republic of Congo Joseph Kabila as part of one of their largest bribery investigations, a lawyer for the Serious Fraud Office said at a London trial. SFO attorney Jonathan Hall described... 

India’s FIMI seeks slew of tax incentives to revive domestic mineral industry

By: Ajoy K Das     7th January 2020 The Federation of Indian Mineral Industries (FIMI) is seeking a slew of indirect tax incentives to revive the moribund mining industry. FIMI has submitted a list of changes in indirect tax levies on various mineral and mining products in a memorandum to the Finance Ministry, seeking their... 

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