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Iron Ore News

Iron-ore-rich Guinea shows much potential

By: Mamaili Mamaila     24th July 2020 With Guinea not being a producer of iron-ore as yet, the major challenge for its projects – which are under consideration, owing to changing supply-and-demand dynamics – pertains to the evolution of investors’ commitments in response to the iron-ore price. 

Africa’s iron-ore sector largely unexplored – consultant

By: Mamaili Mamaila     24th July 2020 Mining projects in Africa, particularly those in the iron-ore sector, require deep pockets, lengthy feasibility studies and complementary infrastructure assets, such as efficient logistics channels, to get products from mine to markets. 

Africa’s iron-ore sector largely unexplored – consultant
Photo by Kumba Iron Ore
LOCAL IS LEKKER China imports some of its iron-ore for its steel manufacturing and construction industries from producers in the Northern Cape, such as Kumba Iron Ore

Afrimat continues pursuit of UCP

By: Schalk Burger     23rd July 2020 Industrial minerals and construction materials company Afrimat on July 22 announced its firm intention to acquire Unicorn Capital Partners (UCP). UCP’s business comprises of mobile crane hire, exploration drilling services, drilling and blasting, opencast and underground mining and earthmoving... 

Menar’s R250m cash-funded solar-served East Manganese project is under way  

By: Martin Creamer     23rd July 2020 Initial project activities are under way at the R250-million cash-funded East Manganese project in Hotazel, Northern Cape, where the hot sun will be harvested to provide solar power to the mine’s infrastructure. The development forms part of the company’s strategy of building a manganese... 

Menar’s R250m cash-funded solar-served East Manganese project is under way
Menar MD and co-founder discusses manganese project with Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

BHP labels English lawsuit over Brazil dam failure pointless, wasteful

By: Reuters     22nd July 2020 Anglo-Australian miner BHP has dismissed as pointless and wasteful a £5-billion English lawsuit by 200 000 Brazilian people and groups over the 2015 collapse of a dam that led to Brazil's worst environmental disaster. Kicking off an eight-day hearing in Manchester, northern England, BHP on... 

BHP labels English lawsuit over Brazil dam failure pointless, wasteful
An October 2017 photo of the Fundao dam, Samarco's iron ore waste dam in Minas Gerais.

Vale says Q2 output rises 5.5% despite pandemic

By: Reuters     21st July 2020 Brazilian miner Vale said on Monday that its second-quarter iron ore production totalled 67.6-million tonnes, up 5.5% from a year earlier and 13.4% higher than the first quarter, despite the impact of the novel coronavirus. Vale said it was keeping its full-year outlook for iron ore fines... 

Vale says Q2 output rises 5.5% despite pandemic

Iron-ore's African future is slowly advancing, Rio Tinto says

By: Bloomberg     20th July 2020 Rio Tinto Group is making progress on the development of Guinea’s giant Simandou iron-ore deposit, bringing a potential overhaul of global supply of the steel-making material closer into view. Firing up production from the small West African nation would add a new source of high-quality ore and... 

Iron-ore's African future is slowly advancing, Rio Tinto says
The Simandou iron-ore deposit, in Guinea.

‘Historic dumps’ do not appear to be MPRDA regulated – law firm 

By: Martin Creamer     20th July 2020 South Africa’s ‘historic dumps’­ – mine dumps created prior to the promulgation of the Minerals and Petroleum Resources Development Act (MPRDA) which took effect in 2004 – do not appear to be regulated under the MPRDA, and the common law owners of such dumps do not require a right under the MPRDA... 

‘Historic dumps’ do not appear to be MPRDA regulated – law firm
Herbert Smith Freehills Patrick Leyden and Aobakwe Mametse.

Rio says threat of virus second wave is roiling raw materials 

By: Bloomberg     17th July 2020 An uneven global recovery from the coronavirus pandemic and concern over the prospects for second waves of infections are weighing on the outlook across commodities markets, according to Rio Tinto Group. While demand is strong in China, the top raw materials consumer, the US copper market... 

Rio says threat of virus second wave is roiling raw materials
Rio Tinto CEO Jean-Sebastien Jacques

Kumba warns of lower interim earnings on the back of lower production, sales

By: Tasneem Bulbulia     16th July 2020 Iron-ore output by JSE-listed Kumba Iron Ore, a subsidiary of Anglo American, decreased by 11% year-on-year to 17.9-million tonnes in the first six months of this year. Kumba’s operational performance for the period reflects lower workforce levels in the second quarter, as guided by the South... 

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... 

Anglo's second-quarter copper, nickel output rises, while diamonds, platinum output falls
Anglo American CEO Mark Cutifani

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.
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