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Iron Ore News

Australian resources exports to set new records

By: Esmarie Iannucci     4th July 2022 Australia’s resource and energy export earnings are estimated to be worth A$405-billion in 2021–22, and is forecast to rise to A$419-billion in 2022–23, delivering two successive record years, the Office of the Chief Economist reported on Monday. As world supply responds to high prices and... 

Mine haulage transition to electric offered without disruption   

By: Martin Creamer     1st July 2022 If the world were to electrify every mine truck, it would stop 198 000 t of carbon dioxide (CO2) a day from entering the atmosphere, which equates to a single electrified mining truck eliminating what would take 46 000 trees to absorb. That mammoth sustainability benefit was driven home firmly... 

Creamer Media screenshot.
ABB's Erik Pretorius interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Iron-ore tumbles as recession fears fuel commodities selloff

By: Reuters     1st July 2022 Iron-ore and steel prices tumbled on Friday as prospects of a sharp global economic downturn fanned fears of a slump in demand for commodities, despite signs of a rebound in manufacturing activity in top metals consumer China. The spectre of a global recession fed an already clouded demand... 

Hawsons iron project MRE delayed to July

By: Tasneem Bulbulia     30th June 2022 ASX-listed Hawsons Iron has advised that analytical work on an anticipated mineral resource estimate update (MRE) for the Hawsons iron project, near Broken Hill, has not been completed on time, owing to the cumulative delaying impact of wet weather, Covid-19 and additional time required to... 

Tulla subsidiaries concludes iron-ore deal with Constance

By: Marleny Arnoldi     30th June 2022 ASX-listed Tulla Resources’ subsidiaries Central Norseman Gold Corporation (CNGC) and Pangolin Resources have entered into an offtake and funding agreement with Australia-based Constance Iron, for its Norseman iron-ore project, in Australia. This follows a heads of agreement signed between the... 

Ironveld shareholder asks board to remove chairperson, CEO as directors

By: Creamer Media Reporter      29th June 2022 Aim-listed Ironveld has informed shareholders that it has received a requisition notice from a significant shareholder, requesting the board of directors to arrange a general meeting and to consider the removal of chairperson Giles Clarke and CEO Martin Eales as directors of Ironveld. The... 

Nimba to list on the LSE towards the end of the year, BFS to follow

By: Marleny Arnoldi     29th June 2022 West Africa-focused miner Nimba Development Company (NDC) has started with a preliminary technical information exchange process with the government of Guinea, as part of the Nimba iron-ore mine’s development. Particularly, NDC has shared with the Guinean Ministry of Mines and Geology its... 

Anglo investing in expansion of organic waste upcycling company Sanergy

By: Schalk Burger     28th June 2022 Diversified mining multinational Anglo American is leading the latest investment round of organic waste upcycling business Sanergy, which has operations in Kenya. Sanergy's solutions are helping to transform how fast-growing cities in the developing world manage waste by upcycling it into... 

Renewables plans poised to slash Scope 2 emissions at Grootegeluk coal mine by up to 90%  

By: Martin Creamer     27th June 2022 Going forward, combined renewables plans already in place are poised to slash Scope 2 emissions at Exxaro Resources’s Grootegeluk coal mine in Limpopo by up to 90%. The renewable strategy being executed by coal miner Exxaro’s wholly owned green energy arm – Cennergi – is the key driver of the... 

Exxaro/Cennergi MD Energy Roland Tatnall
Exxaro/Cennergi MD energy Roland Tatnall interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer,

Iron-ore output poised to grow globally up to 2030

By: Marleny Arnoldi     24th June 2022 Research agency Fitch Solutions Country Risk & Industry Research believes global iron-ore production is likely to accelerate between 2022 and 2026, after stagnating somewhat over the past five years. The agency forecasts global iron-ore mine output to grow by an average 2.7% over the period,... 

Fortescue iron-ore being transported
Photo by Bloomberg
Fortescue iron-ore

High-purity manganese facing phenomenal demand growth, PDAC hears 

By: Martin Creamer     24th June 2022 The commitment of at least six major motor companies to manganese-based batteries for battery electric vehicles (BEVs) is elevating the demand outlook for high-purity manganese phenomenally, a Prospectors & Developers Association of Canada (PDAC) conference has been told. CPM Group lead manganese... 

Creamer Media screenshot.
CPM Group lead manganese analyst Andrew Zemek.

Deeming could bring regulatory certainty to much-needed minerals investment – NSDV  

By: Martin Creamer     23rd June 2022 The detraction of the South African investment market is the uncertainty around approval timelines and the implementation of a deeming provision could change all that by treating applications as approved after the passing of a set period of time. Many want to invest in exploration and mining... 

NSDV advisory head Mark Gilbert.
NSDV Advisory Head Mark Gilbert interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Iron-ore rises past $110 as Xi pledges to meet economy targets

By: Bloomberg     23rd June 2022 Iron-ore advanced from its lowest close in more than six months after President Xi Jinping pledged to achieve economic goals for the year, despite pandemic and property headwinds. China’s top leader re-iterated the country’s “social and economic development targets” at a business forum on... 

Vale to spend $400m in 2022 to remove tailings dams

By: Reuters     22nd June 2022 Brazilian miner Vale expects to spend $400-million in 2022 to decommission its tailings dams, aiming to have 12 of its 30 structures eliminated by the end of the year, the company told Reuters on Tuesday. The dam elimination program, which began four years ago, has already cost the company... 

Transnet to issue locomotive tender in July to address crippling port and rail backlog

By: News24Wire      21st June 2022 In a bid to improve on its operational performance, clear logistic backlogs, and claw itself out of its financial predicament, Transnet has confirmed that it will issue a tender for the procurement of new locomotives next month. This comes after Transnet Group CEO Portia Derby told Business Day... 

Raubex makes buyout offer for remaining Bauba shares, Bauba to delist from JSE

By: Tasneem Bulbulia     21st June 2022 Diversified mining and exploration company Bauba and JSE-listed Raubex have resolved to propose a transaction in terms of which Raubex will make a general offer to acquire all of the ordinary shares in the issued share capital of Bauba it does not already own for a cash consideration of 42c... 

Strike signs port deal

By: Esmarie Iannucci     21st June 2022 ASX-listed Strike Resources has secured port access in the Pilbara that would allow the company to start exporting from its Paulsens East project in July. Strike has executed a formal combined multi-users access and licence agreement (MUA) with the Pilbara Ports Authority (PPA), securing access... 

Rio marks opening of Gudai-Darri

By: Esmarie Iannucci     21st June 2022 Diversified miner Rio Tinto has officially cut the ribbon at the Gudai-Darri mine, in the Pilbara, marking its most technologically advanced mine to date. “Gudai-Darri represents a step-change in the deployment of automation and technology within our iron ore business and a fantastic... 

BHP, Vale reject Brazil steelmaker CSN's interest, say miner Samarco is not for sale

By: Reuters     21st June 2022 Miners Vale and BHP said in a joint statement on Monday they are not interested in selling their joint venture Samarco, after reports of the interest of Brazilian steelmaker Companhia Siderurgica Nacional (CSN). "BHP Brasil and Vale say Samarco is not for sale and reaffirm its support for the... 

An image of the Samarco concentrator
The Samarco concentrator

Fenix to take haulage into its own hands

By: Esmarie Iannucci     21st June 2022 ASX-listed Fenix Resources has unveiled plans to become a fully integrated mining, haulage and logistics company with the acquisition of joint venture (JV) partner Newhaul’s 50% interest in a haulage JV. Fenix told shareholders on Tuesday that taking full ownership of the haulage business would... 

Iron-ore sinks and steel mills go dark on deepening China gloom

By: Bloomberg     20th June 2022 Iron-ore plunged more than 7% in Singapore -- giving up all its gains this year -- as steel mills idled blast furnaces amid growing pessimism over the demand outlook in China. The steel-making ingredient has now lost around a fifth of its value in a run of declines that’s extended to an eighth... 

Iron-ore sinks and steel mills go dark on deepening China gloom

Hawsons looks at port development at Myponie Point

By: Esmarie Iannucci     20th June 2022 Junior Hawsons Iron has flagged a potential port developing at Myponie Point, in South Australia. The ASX-listed company has signed a two-year option agreement to purchase three contiguous parcels of land suitable for developing an export facility for the Hawsons iron project. 

Guinea gives Simandou iron-ore mine developers 14-day deadline

By: Reuters     20th June 2022 Partners in Guinea's Simandou iron-ore mine have 14 days to finalise a joint venture, interim president Mamady Doumbouya said at a meeting with the miners, Rio Tinto and Chinese-backed Winning Consortium Simandou (WCS) on Friday. Guinea has grown increasingly impatient with the companies that... 

The Simandou iron-ore mine site

Green hydrogen’s business case significantly strengthened, summit hears  

By: Martin Creamer     17th June 2022 Green hydrogen, when earlier identified as a necessary clean energy source to help the world achieve net-zero emissions in the coming decades, was higher up the cost curve than fossil fuels. Now that has changed with this week’s Financial Times Hydrogen Summit emphasising that green hydrogen’s... 

Creamer Media screenshot
FT Hydrogen Summit panel discussion.

Deep Yellow extends Hylron’s option timeframe on Shiyela project

By: Marleny Arnoldi     17th June 2022 ASX-listed Deep Yellow has extended the current 12-month option on the exclusivity agreement it has with Hylron Green Technologies., relating to the Shiyela iron-ore project, in Namibia. Deep Yellow entered into an agreement with HyIron for the sale of shares in Shiyela Iron, which holds the... 

Cost blow-out at Gudai-Darri

By: Esmarie Iannucci     16th June 2022 Costs at diversified miner Rio Tinto’s newly minted Gudai-Darri mine, in the Pilbara, has increased by $500-million over the last 12 months. The miner in June of last year placed capital costs for the project at $2.6-billion, but on marking the first production of iron-ore from Gudai-Darri this... 

ESG provides profitable returns from smart capital allocation – analyst

By: Martin Creamer     15th June 2022 Environmental, social and governance (ESG) frameworks not only help businesses and the communities in which they operate but can also generate positive returns as mining companies reduce operating expenses and receive favourable investor interest and cheaper finance. When it comes to ESG, the... 

Picture supplied.
Nedbank mining equity analyst Arnold van Graan.

Fortescue partners with Liebherr on green trucks

By: Esmarie Iannucci     15th June 2022 Iron-ore major Fortescue Metals has partnered with multi-national equipment manufacturer Liebherr for the development of green mining haul trucks. The trucks will be integrated with for the zero emission power system technologies being developed by Fortescue Future Industries (FFI) and Williams... 

First ore delivered at Gudai-Darri

By: Esmarie Iannucci     15th June 2022 Diversified miner Rio Tinto has delivered first ore from the $3.1-billion Gudai-Darri iron-ore mine, bringing online its first greenfield mine in the Pilbara, in more than a decade. Production from the mine will continue to ramp up through the remainder of this year and is expected to reach full... 

Image shows up-close iron-ore

Samarco, creditors to discuss restructuring proposals on June 21

By: Reuters     14th June 2022 The judge overseeing Brazilian miner Samarco Mineracao's bankruptcy has scheduled a mediation hearing between the company, shareholders Vale and BHP and creditors to hammer out a restructuring agreement. Creditors rejected the company's last proposal on April 18 and filed an alternative plan a... 

Jokkmokk Iron CEO aims to have Kallak in production in 3 – 4 years

By: Mariaan Webb     13th June 2022 London-listed Beowulf Mining on Monday announced Ulla Sandborgh as CEO of Jokkmokk Iron Mines; its subsidiary developing the Kallak iron-ore project in Sweden. The newly appointed CEO, who has strong connections in both the private and public sectors, said that the company was ready to move... 

Ulla Sandborgh
Ulla Sandborgh

Ferrexpo lowers output amid ongoing Russia conflict

By: Mariaan Webb     13th June 2022 Iron-ore miner Ferrexpo said on Monday that it would lower its production volumes, as it continued to be impacted by logistics constraints related to Russia’s invasion of Ukraine. With Ukraine’s Black Sea ports closed, the London-listed mining company has to divert all its iron-ore pellet sales... 

EPA approves Rio's plans for Paraburdoo

By: Esmarie Iannucci     13th June 2022 The Western Australian Environmental Authority (EPA) has approved plans by mining major Rio Tinto to expand its existing Greater Paraburdoo iron-ore hub, in the Pilbara. The proposal includes the development of new deposits at Western Range including above and below water table mining, and the... 

Guinea extends deadline for bauxite miners to present refinery plans

By: Reuters     10th June 2022 Guinea's junta has given bauxite mining companies 10 days to present a timeline for the construction of alumina refineries, extending an end of May deadline the companies did not meet, it said in a statement on Friday. Africa's biggest producer of the aluminium ore has been seeking to channel its... 

ARC Fund confirms satisfactory performance of portfolio in Q1

By: Marleny Arnoldi     10th June 2022 JSE-listed African Rainbow Capital (ARC) Investments has reported good performances and progress across its portfolio of investments in South Africa in the first quarter of this year. ARC Investments’ only asset is the ARC Fund, which has interests in various companies from financial services... 

Nano One, Rio Tinto announce strategic partnership and $10m investment

By: Tasneem Bulbulia     9th June 2022 Clean technology innovator Nano One Materials and global mining and metals group Rio Tinto have entered into a strategic partnership providing iron and lithium products, collaboration and a $10-million investment into Nano One. This partnership and funding is aimed at accelerating Nano One’s... 

Moody’s raises alarm on Transnet, puts it on notice for downgrade

By: News24Wire      9th June 2022 The credit ratings agency Moody's has placed most of Transnet’s credit ratings on review for a downgrade. Moody’s says it has become increasingly concerned over the Transnet's exposure to weak liquidity management and high refinancing risk. 

Vale creates venture capital arm to spur mining innovation

By: Bloomberg     9th June 2022 Vale, the world’s No. 2 iron-ore producer and one of the biggest nickel suppliers, has created a corporate venture capital arm to back startups focused on developing game-changing innovations for mining and metals challenges. Vale Ventures is starting with a $100-million budget to invest in... 

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