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Iron Ore News

Chile tribunal breathes new life into controversial Dominga copper-iron project

By: Reuters     19th April 2021 A Chilean environmental tribunal has breathed new life into Andes Iron's controversial $2.5-billion Dominga copper and iron mining project, tossing out an earlier decision by a regulator that had denied the company key permits. Judges with the Antofagasta Environmental Tribunal voted unanimously... 

Century picks ASX for Joyce Lake iron-ore IPO

By: Mariaan Webb     16th April 2021 Toronto-listed Century Global Commodities has announced that its Joyce Lake direct shipping ore (DSO) project – the most advanced in its portfolio – will be spun out and listed on the Australian bourse to raise funding to advance the project towards development. CEO Sandy Chim says the ASX was... 

Fortescue reaches shipment milestone

By: Esmarie Iannucci     16th April 2021 Iron-ore major Fortescue Metals has marked 1.5-billion tonnes of ore shipped from its Pilbara operations, in Western Australia. The company, which was established in 2003, shipped its first iron-ore from Port Hedland in 2008, and since then, more than 46 680 trains have been uploaded at Port... 

Fortescue reaches shipment milestone

Strike signs Peruvian offtake agreement

By: Esmarie Iannucci     14th April 2021 ASX-listed Strike Resources has inked a binding offtake agreement with iron-ore trading firm Good Importing International for all of the iron-ore being mined from the Apurimac iron-ore project, in Peru. The offtake agreement would stretch for an initial two-year term, and incorporates a... 

Iron-ore gains on China’s import surge as focus turns to costs

By: Reuters     13th April 2021 Iron-ore futures in China extended an advance as imports surged to a five-month high, signaling robust demand as the country grapples with rising commodity prices. Imports topped 100-million tons for the first time since October, with first-quarter volumes surging 8% from a year earlier,... 

Iron-ore gains on China’s import surge as focus turns to costs

Tombador readies for Brazilian start

By: Esmarie Iannucci     12th April 2021 Junior Tombador Iron is on track to start production at its namesake project in Brazil by the second quarter of this year, pending the award of regulatory approvals. The ASX-listed company on Monday announced that it had secured iron-ore export facilities, inking an agreement with the operator... 

BHP, Vale Samarco JV files for Brazil bankruptcy protection

By: Reuters     10th April 2021 Samarco Mineracao, a joint venture between Brazilian miner Vale and BHP Group, has filed for bankruptcy protection to prevent creditors' claims from affecting its operations, Vale said in a Friday securities filing. The collapse of a dam at the Samarco mine complex in 2015 killed 19 people and... 

BHP, Vale Samarco JV files for Brazil bankruptcy protection

Exploration industry has tight deadline to comment on controversial draft regulations  

By: Martin Creamer     9th April 2021 South Africa’s exploration industry has until April 19 to comment on controversial regulations still in draft form. “They’ve never consulted industry about it and what they are requesting is impractical,” says Allan Saad, a consulting exploration geologist, who formerly represented the now... 

Allan Saad, Consulting Exploration Geologist
Consulting exploration geologist Allan Saad interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA 

By: Martin Creamer     7th April 2021 The value of iridium for proton exchange membrane (PEM) water electrolysis technology alone could exceed R90-billion in the next ten to 20 years. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence: Hydrogen... 

Value chain as outlined by Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence.
Value chain as outlined by Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence.

Recosting exercise at Zanaga’s Congo-Brazzaville iron-ore project to be completed soon

By: Tasneem Bulbulia     6th April 2021 Aim-listed Zanaga Iron Ore Company’s (Zioc’s) recosting exercise on a 12-million-ton-a-year staged development iron-ore project in Congo-Brazzaville is being completed and is expected to be concluded around the middle of April. As announced in September, Jumelles, the joint venture company... 

Brazil prosecutors close investigation into Vale executives related to Simandou

By: Reuters     6th April 2021 Brazilian prosecutors have closed an investigation into Vale executives related to the Simandou mine, in Guinea, the iron-ore miner said in a securities filing on Monday. Prosecutors had opened an investigation based on documents supplied by Israeli businessman Benjamin Steinmetz, Vale said,... 

Brazil prosecutors close investigation into Vale executives related to Simandou

How South Africa can unlock its exploration potential ­– Adrian Reynolds   

By: Martin Creamer     1st April 2021 Of four factors required to attract investment in exploration, economic and fiscal stability is the most important, says highly experienced geological and mining consultant and nonexecutive company director Adrian Reynolds. Reynolds spoke to Mining Weekly in a Zoom interview about the factors... 

Adrian Reynolds
Geological and mining consultant Adrian Reynolds interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Rio Tinto’s next chair must navigate between China and Australia

By: Bloomberg     1st April 2021 It could be the toughest job in mining. Whoever replaces Simon Thompson as chairperson of Rio Tinto Group will face a raft of complex and problematic global issues -- not least relations with its biggest customer and shareholder, China. Thompson in March announced plans to step down at next... 

Simon Thompson announced in March that he will step down at next year's annual meetings.
Simon Thompson announced in March that he will step down at next year's annual meetings.

Chinese consortium signs MoU on Algeria iron project

By: Reuters     31st March 2021 A Chinese consortium on Tuesday signed a memorandum of understanding with an Algerian state company to exploit an iron deposit in the North African country, Algerian State media reported. The project will be carried out at Gara Djebilet iron mine, in the southern province of Tindouf, state radio... 

Australian Aboriginal group opposes billionaire miner's plan to build dams

By: Reuters     29th March 2021 The Australian Aboriginal group whose sacred rock shelters Rio Tinto destroyed last year rejected a plan by mining company Fortescue's founder Andrew Forrest to build dams along a river in the same region, citing the cultural damage it would cause. Australia is considering new legislation to... 

Aus resource exports strong despite Covid

By: Esmarie Iannucci     29th March 2021 Despite the restrictions brought on by the Covid-19 pandemic, Australian resource exports are expected to reach a record A$296-billion in 2020/21, and will remain strong over the next five years, the latest Resources and Energy Quarterly from the Department of Industry, Science, Energy and... 

Aus resource exports strong despite Covid

Santo Domingo gold stream, port and potential rail deals could cut capex by $700m

By: Mariaan Webb     26th March 2021 Vancouver-based Capstone Mining on Thursday announced three agreements to advance the Santo Domingo project, in Chile, including a $290-million gold stream with Wheaton Precious Metals, a binding port deal and the consolidation of its ownership in the project. The $1.5-billion copper project... 

Strong interest in Ukraine iron-ore project, says Black Iron

By: Mariaan Webb     26th March 2021 Toronto-listed Black Iron has received strong interest from “well-known multibillion-dollar companies” interested in securing rights to buy the planned four-million tons a year that its iron-ore project in Ukraine will produce. The company intends to offer the production at a “slight discount”... 

Brazil civic groups urge production halt at Vale mine amid Covid-19 concerns

By: Reuters     25th March 2021 Two civic organisations have asked iron-ore miner Vale to cease mining operations at its major Serra Norte complex in northern Brazil, according to documents seen by Reuters this week, as a major Covid-19 spike tests the capacity of the region's hospitals. The requests came from the lawyers'... 

Sundance refers iron-ore dispute with Congo Republic to arbitration

By: Reuters     25th March 2021 Australia's Sundance Resources said on Thursday it had referred its dispute with Congo Republic over the Nabeba iron ore project to arbitration in London, where it is seeking $8.76-billion in damages. Congo's government revoked Sundance affiliate Congo Iron's permit in December and awarded it to... 

Mining billionaire takes on Musk in hydrogen versus EVs debate

By: Bloomberg     25th March 2021 Iron-ore billionaire Andrew Forrest is taking on Tesla CEO Elon Musk in his quest to promote green hydrogen as a game changer in the clean-energy transition. Forrest, the founder of Fortescue Metals Group, doubled down this week on his criticism of Musk’s view that hydrogen cars are... 

Australian mining billionaire Andrew Forrest
Australian mining billionaire Andrew Forrest

Swedish JV will open first fossil-free steelmaking plant in 2026

By: Bloomberg     25th March 2021 A Swedish joint venture that aims to remove fossil fuels from steelmaking is planning on establishing its first demonstration plant in 2026. Hybrit, an initiative run by steelmaker SSAB, iron-ore producer LKAB and energy supplier Vattenfall, will locate the factory in the northern Swedish town of... 

Swedish JV will open first fossil-free steelmaking plant in 2026

Fortescue spends big on trainee programme

By: Esmarie Iannucci     24th March 2021 Iron-ore major Fortescue Metals has unveiled a A$25-million investment to create some 200 new traineeship positions across its operations. The miner on Wednesday said that the traineeship positions would cover a range of new entry-level positions across autonomous operations, safety, business... 

Resources Watch  

24th March 2021 This week: Menar projects unpacked; Exxaro outlines value opportunity in transforming to low-carbon future; and, Northern Cape needs exploration boos 

Resources Watch
Resources Watch

Master Drilling advancing mechanisation for two top-tier local clients  

By: Martin Creamer     23rd March 2021 Mine mechanisation is being advanced for two top-tier  local clients of Master Drilling, the CEO of the JSE-listed company, Danie Pretorius, said on Tuesday. Speaking to Mining Weekly in a Zoom interview after reporting 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to... 

Master Drilling CEO Danie Pretorius
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Remote-operation drilling footprint providing sizeable benefit – Master Drilling  

By: Martin Creamer     23rd March 2021 An increased remote-operation drilling footprint is providing considerable benefit for Master Drilling, the JSE-listed drilling services company said on Tuesday, when it reported 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to $42.1-million, and a halved gearing ratio to... 

Remote-operation drilling footprint providing sizeable benefit – Master Drilling
Master Drilling results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Tsodilo says ‘supercycle’ for iron-ore bodes well for Xaudum projet

By: Marleny Arnoldi     23rd March 2021 TSX-V-listed Tsodilo Resources says the current strong iron-ore price is supporting fundamentals for the development of its Xaudum Iron project, in Botswana. The company, which has started a preliminary economic assessment (PEA) of the project, says it is poised for promising viability, with... 

Master Drilling in muted but resilient 2020 performance 

By: Martin Creamer     23rd March 2021 Drilling services company Master Drilling, which operates in 23 countries and which is continuing to grow its presence in new global markets, on Tuesday reported a “muted but resilient performance” for the full year ended December 31, thanks to what it described as a “flexible business model and... 

Master Drilling CEO Danie Pretorius.
Photo by Creamer Media
Master Drilling CEO Danie Pretorius.

Magnum's Nevada project now Jorc compliant

By: Esmarie Iannucci     23rd March 2021 Junior Magnum Mining & Exploration has reported a maiden Joint Ore Reserves Committee (Jorc) compliant mineral resource of 232-million tonnes for its Buena Vista magnetite project, in Nevada. The ASX-listed company announced that the Jorc compliant resource showed a 31% increase on the previous... 

Monadelphous lands $150m contract with Fortescue

By: Creamer Media Reporter      18th March 2021 Engineering company Monadelphous Group has secured a new five-year crane services contract with iron-ore major Fortescue Metals, valued at $150-million. 

Nombasa Tsengwa appointed CEO-designate of Exxaro Resources 

By: Martin Creamer     18th March 2021 Dr Nombasa Tsengwa has been appointment CEO-designate of diversified mining and energy company Exxaro Resources, effective from 31May 2023, when current CEO Mxolisi Mgojo reaches the retirement age of 63. The appointment of Dr Tsengwa, who is Exxaro’s current MD Minerals, forms part of what the... 

Dr Nombasa Tsengwa has been appointment CEO-designate.
Photo by Creamer Media
Dr Nombasa Tsengwa has been appointment CEO-designate.

High iron-ore prices spur mining, protests in Australia's Tasmania

By: Reuters     18th March 2021 Buoyant iron-ore prices have paved the way for mining in Australia's southern Tasmanian state, where developer Venture Resources' project has come under pressure from conservationists over potential impact on a wilderness area. Australia is the world's top producer of iron-ore, almost all of... 

High iron-ore prices spur mining, protests in Australia's Tasmania

Altus takes next steps at Bikoula development

By: Marleny Arnoldi     17th March 2021 TSX-V- and Aim-listed Altus Strategies has completed a strategic review process, undertaken by independent consultants Mining Plus, on the company’s 97%-owned Bikoula iron project, in Cameroon. The strategic review was intended to inform the next steps of development for the project, including... 

Vale starts up first of four tailings filtration plants

By: Mariaan Webb     17th March 2021 Brazil major Vale has started operations at the tailings filtration plant of the Vargem Grande Complex, the first of four plants to be built in Minas Gerais at a cost of $2.3-billion. The start-up will not only reduce dependence on dams, but will also allow an improvement in the average quality... 

Vale approves new three-year term for CEO Bartolomeo

By: Reuters     16th March 2021 Vale said the Brazilian miner's board approved the re-election of current CEO Eduardo de Salles Bartolomeo to serve a new three-year term, according to a securities filing on Tuesday. The company also said legal director Alexandre D´Ambrosio would move to the position of executive legal... 

Eduardo Bartolomeo
Eduardo Bartolomeo

Congo Republic signs deal on revoked iron ore licenses with Sangha Mining

By: Reuters     15th March 2021 Congo Republic on Saturday has signed two mining conventions with Congo's Sangha Mining to exploit iron-ore on licenses the government withdrew last year from Australian miners Sundance and Equatorial Resources, and Nevis-registered Avima. The government of Congo revoked the licenses on Avima;... 

Fortescue sets new carbon target, expects hydrogen business to grow

By: Esmarie Iannucci     15th March 2021 Iron-ore major Fortescue Metals has unveiled plans to be carbon neutral by 2030, ten years earlier than its previous target of 2040, while noting that its ‘green energy’ business could outpace its iron-ore play. Fortescue chairperson Andrew Forrest on Monday said that Fortescue Future... 

Fortescue chairperson Andrew Forrest
Fortescue chairperson Andrew Forrest

Australian resources still abundant - AIMR

By: Esmarie Iannucci     15th March 2021 The latest edition of Australia’s 'Identified Mineral Resources' (AIMR) report has reaffirmed Australia position as one of the world’s top producers of key critical minerals. Minister for Resources, Water and Northern Australia Keith Pitt at the end of last week said that Geoscience Australia’s... 

Australian resources still abundant - AIMR
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