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Iron Ore News

Flinders happy with Pilbara scoping results

By: Esmarie Iannucci     7th January 2020 A scoping study into the Pilbara iron-ore project, in Western Australia, has confirmed the viability of an opencut mining operation, ASX-listed Flinders Mines said on Tuesday. The scoping study was based on the current mineral resource estimate of 1.4-billion tonnes, and indicated a production... 

Champion set for Canadian move

By: Esmarie Iannucci     7th January 2020 Dual listed Champion Iron has announced plans to re-domicile from Australia to Canada. The company on Tuesday said that after considering the potential benefits and disadvantages of the move, the board of directors has determined that the re-domicile to Canada would align the location of the... 

Samarco rebuffs creditors on resumption of debt talks

By: Bloomberg     7th January 2020 Samarco Mineracao has rejected creditors’ formal request to resume talks to restructure its defaulted debt, signaling heightened risks for bond holders, according to people with direct knowledge of the situation. The Brazilian iron-ore venture between BHP and Vale said it has yet to firm up its... 

Anglo American gets licence to boost Minas-Rio mine to full capacity

By: Reuters     24th December 2019 Anglo American has received the final operating licence it needs to boost production at its Minas-Rio iron ore mine in Brazil to its full capacity of 26.5-million tonnes a year, the mining company said on Monday. Anglo American's Minas-Rio mine, which has been dogged by delays and waits for... 

Anglo American gets licence to boost Minas-Rio mine to full capacity

Vale elects new board members

By: Reuters     20th December 2019 Brazil's Vale, the world's largest iron-ore miner, has elected two new board members, the company said in a statement on Thursday. They are Murilo Cesar Lemos dos Santos Passos, currently chairman at Tegma Gestão Logística and member of the boards at Odontoprev, São Martinho, Suzano Holding and... 

India’s NMDC gets four iron-ore leases renewed

By: Ajoy K Das     19th December 2019 The government of Chhattisgarh has renewed the mining leases of four iron-ore mines in favour of NMDC, throwing a lifeline to the miner, already facing closure of one mine in the south. The Chhattisgarh government has renewed the leases for 20 years, ahead of expiry of the existing lease in... 

Australian exports forecast for record year in 2019/20

By: Esmarie Iannucci     19th December 2019 Australia’s resource and energy export earnings are forecast to set a record A$281-billion in 2019-20, up from A$279-billion in 2018-19, new data from the Office of the Chief Economist has revealed. Minister for Resources and Northern Australia Matt Canavan noted that the record earnings are... 

Australian exports forecast for record year in 2019/20

Anglo firms up technology advance with space boffins 

By: Martin Creamer     19th December 2019 Diversified mining company Anglo American has announced a $13.5-million agreement with First Mode to develop innovative technology for the mining industry. First Mode, of Seattle, which has been working with Anglo to develop the world’s biggest hydrogen fuel cell haul truck for Anglo American... 

Anglo firms up technology advance with space boffins
Photo by First Mode
Hydrogen and fuel cell haulage

Brazilian regulator says Vale dam near Brumadinho is structurally sound

By: Reuters     19th December 2019 A dam owned by iron ore company Vale SA that was the subject of an investigative report by a TV program last week is structurally sound and there is no reason for concern, Brazil's national mining regulator said late on Tuesday. On Friday, the program "Jornal da Band" said it had obtained... 

Vale teams up with Ningbo Zhoushan Port on new iron-ore product

By: Reuters     19th December 2019 Brazilian iron-ore miner Vale signed a service agreement with China's Ningbo Zhoushan Port to jointly launch a new iron-ore product, GF88, the Chinese port company said on Wednesday. Under the agreement Ningbo Zhoushan Port will provide services for Vale's new product, including site... 

Jupiter’s Tshipi mine on track to meet 2020 guidance, despite manganese price decrease 

By: Simone Liedtke     18th December 2019 Australia-headquartered miner Jupiter Mines has confirmed that annualised sales for its Tshipi Borwa manganese mine, in South Africa, remain on track to meet the 2020 guidance, despite a decrease in the manganese price. Tshipi remains cash positive with its low cost of production, Jupiter said,... 

Jupiter’s Tshipi mine on track to meet 2020 guidance, despite manganese price decrease
The Tshipi é Ntle manganese mine, in the Northern Cape.

Kogi secures fourth mining lease in Nigeria

By: Esmarie Iannucci     17th December 2019 ASX-listed junior Kogi Iron has been granted a fourth mining lease in Africa, after an approval by the Nigerian government. The junior on Tuesday said that the latest approval delivered Kogi a contiguous total of 145 kmn2 over four mining leases and one exploration lease at its Agbaja Plateau... 

Vale dam near site of January disaster has 'cracks' - TV station

By: Reuters     16th December 2019 State prosecutors in Brazil have identified cracks in a tailings dam owned by iron ore mining company Vale and have asked the firm to hire an independent auditor to look in to the matter, a television station reported on Friday night. The report on Brazil's TV program "Jornal da Band" said it... 

Vale dam disaster partially caused by excess water, panel report says

By: Reuters     12th December 2019 A disaster at one of Vale's tailings dams earlier this year that killed at least 255 people was partially triggered by "a persistently high water level" that caused the dam to lose its strength, according to a report by a panel of experts appointed by Vale's legal advisers. The report, released... 

Vale dam disaster partially caused by excess water, panel report says

TNG secures iron offtake at Mt Peake

By: Esmarie Iannucci     12th December 2019 ASX-listed TNG has inked a term sheet for a life-of-mine offtake agreement for the entire high purity iron-ore product to be produced at the Mt Peak vanadium-titanium-iron project, in the Northern Territory. Under the binding term sheet with Indian mining conglomerate Vimson Group, 100% of the... 

Zanaga, Chinese entity to develop Congo-Brazzaville iron-ore project

By: Marleny Arnoldi     11th December 2019 Aim-listed Zanaga Iron Ore has signed a framework agreement with China Overseas Infrastructure Development and Investment Corporation (Coidic) and Jumelles for cooperation on mining infrastructure for the Zanaga project in Congo-Brazzaville. Jumelles is a joint venture company between Zanaga... 

IronRidge starts drilling at Côte d'Ivoire gold project

By: Simone Liedtke     9th December 2019 Aim-listed IronRidge Resources has started drilling at the Zaranou gold project, in Côte d'Ivoire. Drilling at the licence, which borders with Ghana and is along strike from significant gold mines, is targeted to be completed early in the new year, with results expected during the first quarter... 

Region recovery under way after dam collapse

6th December 2019 Iron-ore mining major Vale is still focused on the recovery of the region of Brumadinho, in Brazil, in addition to prioritising actions to manage development of the town and other affected territories, which include Barão de Cocais, Itabirito, and Macacos. Over the past nine months – since the... 

Region recovery  under way after  dam collapse
Photo by Reuters
VALLEY OF DEATH The death and destruction caused by the Brumadinho tailings dam collapse was nothing short of tragic

Automated tech implemented at iron-ore project

6th December 2019 The trial of the Smart Mine technology project at iron-ore mining company Sokolov-Sarbai Mining Production Association’s (SSGPO’s) Kacharsky opencast site has been successful. SSGPO, a subsidiary of international metals and mining conglomerate Eurasian Resources Group (ERG), says that it plans to... 

Automated tech implemented at  iron-ore project
SMART MINE The Kacharsky site is now home to a range of intelligent solutions that help improve efficiency

Imminent trade war truce positive for iron-ore

By: Darren Parker     6th December 2019 Economic research institute Afriforesight expects the US and China to reach a trade war “truce” near the end of the year, providing some support for iron-ore. This anticipated resolution of the trade war is expected to have a positive effect on economic activity in general, including for steel... 

Imminent trade war truce positive for iron-ore
IRONING OUT THE ISSUES The resolution of the US/China trade war should mean an improvement for economic activity

Nearing zero fatality milestone

By: Darren Parker     6th December 2019 Coal and iron-ore miner Exxaro Resources is making a final push to achieve its goal of being fatality free for three consecutive years. To better ensure that milestones like this can be reached, the mining company launched its Khetha Ukuphepha – Zulu for Choose Safety – campaign at its conneXXion... 

Nearing zero fatality milestone
DR JOSEPH MATJILA We believe that zero harm is possible

Opportunities abound in uncertain iron-ore market

By: Darren Parker     6th December 2019 Where some might see cause for concern, mining services provider Ukwazi business development director Spencer Eckstein believes that the uncertain future of iron-ore demand and pricing could mean opportunity. Some of this uncertainty is exemplified by the announcement last month of the proposed... 

Opportunities abound in uncertain iron-ore market
Photo by Bloomberg
BALLS OF STEEL Pelletised iron is made from waste dust and can be used in the manufacture of steel

Tribunal approves Exxaro's buyout of Cennergi

By: Creamer Media Reporter      5th December 2019 The Competition Tribunal has unconditionally approved diversified miner Exxaro Resources' proposed buyout of the remaining 50% interest in the Cennergi joint venture (JV). Exxaro in September announced the proposed R1.55-billion transaction to buy out Khopoli Investments' share in the JV, which... 

Buying iron-ore is getting more like shopping on Amazon

By: Bloomberg     5th December 2019 The world’s biggest iron-ore miners are looking for novel ways of satisfying their customers and protecting market share in the $150-billion global industry. From selling through a mobile app to portside sales, the likes of BHP, Rio Tinto and Vale are looking for an edge with buyers of the... 

Buying iron-ore is getting more like shopping on Amazon

Vale says internal probe into tailings disaster due this month

By: Reuters     4th December 2019 Brazilian miner Vale will complete an internal investigation this month into a tailings dam collapse that killed more than 250 people in January, its chief executive said on Wednesday. Vale, the world's largest iron ore producer, will finish its own probe into its responsibility for the accident... 

Minerals Council members largely compliant with 2010 Charter requirements 

By: Simone Liedtke     4th December 2019 The Minerals Council South Africa on Wednesday published a report on the South African mining industry’s progress in transforming the industry in terms of the Mining Charter. The report was based on a survey by advisory firm Moshe Capital into the council members' transformation and community... 

Minerals Council members largely compliant with 2010 Charter requirements
Photo by Creamer Media
Minerals Council CEO Roger Baxter and public affairs and transformation senior executive Tebello Chabana

Top US iron-ore miner’s shares plunge after $1.1bn deal

By: Bloomberg     3rd December 2019 Cleveland-Cliffs shares headed for their steepest decline in three months after agreeing to buy AK Steel Holding for $1.1-billion in the biggest takeover of a US steelmaker since Trump tariffs were imposed. Cliffs shares tumbled 12%, wiping over $271-million from the market value of the top US... 

Base metals fundamentally in good shape despite lower demand – Glencore

By: Martin Creamer     3rd December 2019 Despite weaker 2019 demand, base metals are fundamentally in good shape, Glencore CEO Ivan Glasenberg said on Tuesday. Presenting an investor update with Glencore CFO Steve Kalmin and Glencore industrial assets head Peter Freyberg, Glasenberg described copper, zinc and nickel markets as being... 

Base metals fundamentally in good shape despite lower demand – Glencore
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Urgent calls for reform as South Africa’s GDP contracts 0.6% in third quarter  

By: Simone Liedtke     3rd December 2019 South Africa’s gross domestic product contracted by 0.6% in the third quarter. However, on a year-on-year basis, the economy grew by 0.1%, Statistics South Africa statistician-general Risenga Maluleke told media on Tuesday. Previously, Stats SA had revealed that the GDP, in the first quarter of... 

Urgent calls for reform as South Africa’s GDP contracts 0.6% in third quarter
Statistician-general Risenga Maluleke

Vale to suspend disposal from Brucutu mine at Laranjeiras dam, lowers production outlook

By: Reuters     3rd December 2019 Vale, the world's largest iron-ore miner, said on Monday that it would slash output from its Brucutu mine for up to two months as it evaluates the stability of the nearby Laranjeiras dam, where much of the mine's waste is normally disposed. The move will leave Brucutu, Vale's biggest mine in... 

Expressions of interest received for AMSA’s Saldanha Steelworks

By: Tasneem Bulbulia     2nd December 2019 The Department of Trade, Industry and Competition (DTIC) has received expressions of interest from two parties that may want to buy the Saldanha Steelworks from ArcelorMittal South Africa (AMSA). AMSA last month announced that it would close Saldanha Steel following an operational review of its... 

Vale to resume operation of Viga concentration plant

By: Reuters     2nd December 2019 Brazilian miner Vale said it would resume operation of the Viga concentration plant on Saturday after having halted operations for a few months, as documents related to the operational permit had been "regularized." Vale, in August, had halted operations at the Viga concentration plant of... 

South Flank reaches midway mark

By: Esmarie Iannucci     29th November 2019 Mining major BHP’s A$4.88-billion South Flank iron-ore project, in the Pilbara, has reached its halfway mark. The South Flank operation will leverage and expand on the existing Mining Area C hub, and is BHP's preferred option to replace the 80-million-tonne-a-year Yandi mine, which will reach... 

Goa iron-ore miners body demands mining legislation amendment

By: Ajoy K Das     29th November 2019 The apex body representing miners and dependants in Goa has urged the central government to amend the Mines and Minerals (Development and Regulation) Act (MMDRA) 2015, as it is seen as the only way to resume iron-ore mining in the region, closed since early last year. The Goa Mining People’s... 

Strides made in mine safety, but more should be done – DMRE official 

By: Tasneem Bulbulia     28th November 2019 Although strides have been made in reducing mine fatalities, occupational diseases and industry disasters, there is still work to be done in the mining industry’s quest for zero harm, speakers at the Anglo American Tripartite Health and Safety Initiative, said on Thursday. With the industry... 

Strides made in mine safety, but more should be done – DMRE official

Strike's Paulsens East progresses to feasibility

By: Esmarie Iannucci     28th November 2019 A scoping study into ASX-listed Strike Resources’ Paulsens East iron-ore project, in the Pilbara, has estimated that the project could generate between A$688-million and A$910-million in revenues over a four-year mine life. The scoping study estimated a production rate of 1.5-million tonnes a... 

Flinders to JV at Pilbara iron-ore project

By: Esmarie Iannucci     28th November 2019 The share price of junior Flinders Mines stumbled on Thursday as the company announced a joint venture (JV) agreement with BBI Group to jointly develop the Pilbara iron-ore project. Flinders told shareholders that, subject to approval, the two companies would form an incorporated JV to hold and... 

South Africa is Anglo’s best performing mining jurisdiction ­– Cutifani

By: Martin Creamer     27th November 2019 South Africa is Anglo American's best performing mining jurisdiction, Anglo American CEO Mark Cutifani said last night, when he chided South Africans for not giving themselves the credit they deserved when it came to transformation already achieved. Cutifani described South Africa as “a wonderful... 

South Africa is Anglo’s best performing mining jurisdiction ­– Cutifani
Photo by Creamer Media's Martin Creamer
Anglo American CEO Mark Cutifani
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