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Iron Ore News

Jupiter gives a new timeline for Juno

By: Esmarie Iannucci     15th March 2021 ASX-listed Jupiter Mines on Monday told shareholders that the demerger and initial public offering (IPO) of its its Central Yilgarn iron-ore (CYIP) assets would still be pursued, but on a delayed time table. The company earlier this month announced that it had halted plans for a newly created... 

Chinese firm plans iron-ore mine, steel plant in Zimbabwe

By: Bloomberg     12th March 2021 Tsingshan Holdings Group, the world’s top producer of nickel and stainless steel, will start construction on an iron ore mine and a carbon steel plant in Zimbabwe in May, according to a senior government official. A fluorite and limestone production plant will also soon be set up, Information... 

Iron-ore sees year's second-worst week on China pollution crackdown

By: Reuters     12th March 2021 Benchmark Asian iron ore futures fell on Friday and were on track for their second-biggest weekly loss so far this year, as moves in China to restrict steel mills' highly-pollutive operations and reduce production capacity weighed on sentiment. The most-traded May iron ore on China's Dalian... 

Iron-ore sees year's second-worst week on China pollution crackdown

Just clearing exploration backlog would be huge leap forward – Miller  

By: Martin Creamer     12th March 2021 Ahead of tackling policy issues, incremental ongoing effort must be prioritised to clear South Africa’s huge mineral exploration and mining rights backlog, says AmaranthCX director Paul Miller. The backlog currently stands at more than 5 000 unprocessed exploration applications and  235... 

AmaranthCX director Paul Miller.
AmaranthCX director Paul Miller talks exploration to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Opportunities for mines to decarbonise and South Africa's coal exports to China make headlines  

12th March 2021 Mining Weekly Editor Martin Creamer unpacks Royal Bafokeng Platinum's proposed plans to generate its own electricity; China having become the largest importer of South African coal; and the opportunities for miners to invest in green energy and decarbonisation. 

Opportunities for mines to decarbonise and South Africa's coal exports to China make headlines
Opportunities for mines to decarbonise and South Africa's coal exports to China make headlines

Avima demands Congo Republic reinstate iron-ore licence

By: Reuters     11th March 2021 Avima Iron Ore said on Thursday it had written to Congo Republic's government to demand it either reinstate the company's production licence that was stripped last November or pay damages of $27-billion. Avima's iron-ore licence was one of three that Congo's government revoked late last year and... 

Mining production down in January, but mineral sales up almost 25% 

By: Donna Slater     11th March 2021 Mining production decreased by 6.2% year-on-year in January, with the largest negative contributors being platinum group metals (PGMs), coal and gold, according to the latest Statistics South Africa (Stats SA) report. PGMs slumped by 14.5%, subtracting 3.5 percentage points from the overall... 

Fortescue's green ammonia plant's FID planned for year end

By: Esmarie Iannucci     11th March 2021 Iron-ore miner Fortescue Metals is on track to make a final investment decision (FID) on the green ammonia plant, in Bell Bay, Tasmania, by the end of the year. Fortescue Future Industries in November last year announced that it was investigating the development of a green ammonia plant in... 

Fortescue's green ammonia plant's FID planned for year end

Vale approves list of board candidates

By: Reuters     11th March 2021 A nomination committee at Brazilian miner Vale approved a list of candidates to the board of directors for the 2021-2023 term, the company said in a securities filing on Wednesday. The company will send for shareholder vote the names of independent directors Clinton Dines, Elaine Dorward-King,... 

Gantsho to retire as Kumba chair

By: Creamer Media Reporter      10th March 2021 Dr Mandla Gantsho will retire as chairperson of Kumba Iron Ore to devote more time to his personal business interests.  He will step down from the board, including from the board committees on which he serves, with effect from the end of the company’s annual general meeting to be held on May 14. 

Labrador Iron says PEA supports plan to resume iron-ore production

By: Mariaan Webb     10th March 2021 Canada’s Labrador Iron Mines has completed a preliminary economic assessment (PEA) for its Houston project, located in the Labrador Trough region near Schefferville. The results of the PEA support the company’s plan to resume iron-ore production with low restart capital of C$86.8-million and... 

Zimbabwe says China's Tsingshan to build iron ore mine, steel plant from May

By: Reuters     10th March 2021 China's Tsingshan Holding Group is set to start developing an iron ore mine and a carbon steel plant in Zimbabwe from May, the African country's information minister said late on Tuesday, three years after the firm first announced the investment deal. Tsingshan signed a $1-billion outline... 

Resources Watch  

9th March 2021 This week: The major challenge of the mining industry is the imperative of growth; ARM board approves R5.7-billion Merensky project at Two Rivers mine; and, Game-changing R3.6bn project positioning Kumba Iron Ore well into the future 

Resources Watch
Resources Watch

HPX raises $200m to fast-track Guinea iron-ore project

By: Mariaan Webb     9th March 2021 Exploration and development company High Power Exploration (HPX), led by mining billionaire Robert Friedland, has raised $200-milllion to fast track the development of its iron-ore project in Guinea. Subscribers to the equity financing included several new institutional investors from the US and... 

Saldanha Terminal invests R1.2m in additional dust suppressing canons

By: Simone Liedtke     8th March 2021 The Saldanha Bulk Terminal, in South Africa, has invested R1.2-million in two additional dust-suppressing cannons that will be used on ship loaders as cargo flows from the chutes to the vessel hatch. The investment is said to be a continued commitment to ensuring a clean operation on the West... 

Dust Suppresor 1
Dust Suppresor 1

GWR delivers first ore from C4

By: Esmarie Iannucci     8th March 2021 ASX-listed GWR has delivered its first iron-ore shipment under its offtake agreement with Hong Kong trader Pacific Minerals from its flagship C4 iron-ore deposit, in Western Australia. The company on Monday told shareholders that following the successful staging of its first shipment of 52 425 t... 

Jupiter's Juno plans get shelved

By: Esmarie Iannucci     8th March 2021 ASX-listed Jupiter Mines on Monday told shareholders that it has halted the demerger and initial public offering (IPO) of its Central Yilgarn iron-ore (CYIP) assets. Jupiter in January this year announced plans for the demerger and IPO of these assets into a newly created company called Juno... 

Mines anywhere, everywhere can go green – Hydrogen Optimized 

By: Martin Creamer     8th March 2021 Owing to the ubiquity of the world’s sun and the wind, all mines have the opportunity to generate their own green electricity no matter where they are located in the world, Hydrogen Optimized CEO Andrew T Stuart emphasised during last week’s Fasken online panel discussion on hydrogen. In this... 

Fasken panel that discussed hydrogen.
Photo by Creamer Media
Fasken panel that discussed hydrogen.

China to 'strengthen management' of strategic mineral resources, eyes green upgrade of steel

By: Reuters     5th March 2021 China will "strengthen management and control" of its strategic mineral resources, the government said on Friday as it set out a five-year development plan, without providing any details on how it plans to secure key supplies and boost self-sufficiency. China, the world's top metals consumer,... 

China to 'strengthen management' of strategic mineral resources, eyes green upgrade of steel

Mineral Rights, JSE, Kumba make headlines   

5th March 2021 Mining Weekly Editor Martin Creamer unpacks slow mineral rights processing and ending it; why the JSE should be South Africa’s main mine funder; and Kumba Iron Ore’s exciting new project.     

Mineral Rights, JSE, Kumba make headlines
Mineral Rights, JSE, Kumba make headlines

Steps being taken to improve manganese export logistics – ARM 

By: Martin Creamer     4th March 2021 Steps involving the use of two ports rather than one, longer trains and increased rail wagon payload are being studied to improve the logistics surrounding the export from South Africa of manganese ore. State-owned rail enterprise Transnet has put on hold the capital expansion plan centred on the... 

The control room at African Rainbow Minerals' Black Rock manganese ore mine in the Northern Cape.
Photo by Creamer Media
The control room at African Rainbow Minerals' Black Rock manganese ore mine in the Northern Cape.

Game-changing R3.6bn project positioning Kumba Iron Ore well into the future  

By: Martin Creamer     4th March 2021 Four and a bit years ago Mining Weekly told its readers to keep a look out for the five letters – UHDMS – which stand for ultrahigh dense media separation. At the time, outgoing Kumba Iron Ore CEO Norman Mbazima had told Mining Weekly that these five letters translated into “mouth-watering”... 

Kumba Iron Ore Executive Head Technical & Projects Glen Mc Gavigan
Kumba Iron Ore executive head technical and projects Glen Mc Gavigan interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

The major challenge of the mining industry is the imperative of growth – Dr Motsepe  

By: Martin Creamer     3rd March 2021 The major challenge of the mining industry is the imperative of growth, African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe said on Wednesday, when the 25 000-employee ARM reported record financial results. “You’ve got to replace the orebody that you’re mining with an equally... 

African Rainbow Minerals executive chairperson Dr Patrice Motsepe.
African Rainbow Minerals interim results report by Mining Weekly’s Martin Creamer: Video: Darlene Creamer.

African Rainbow Minerals' earnings soar 134%, interim dividend declared

By: Martin Creamer     3rd March 2021 Despite Covid-19-related global economic challenges and uncertainty, African Rainbow Minerals (ARM) on Wednesday reported record headline earnings of R5 039-million for the six months to December 31. This represented a 134% increase compared with the corresponding of 2019 and was underpinned by... 

African Rainbow Minerals executive chairperson Dr Patrice Motsepe
Photo by Creamer Media
African Rainbow Minerals executive chairperson Dr Patrice Motsepe

Fortescue looks at zero-emissions battery to power haul trucks

By: Esmarie Iannucci     3rd March 2021 Iron-ore major Fortescue Metals has initiated work to develop zero emissions battery electric haul trucks. The miner this week announced an agreement with Williams Advanced Engineering (WAE) to design, build, test and integrate a battery system to power an electric mining haul truck, as a first... 

Rio investing in Tom Price community

By: Esmarie Iannucci     2nd March 2021 Major Rio Tinto has awarded some A$500-million worth of contracts to Western Australian and Pilbara Aboriginal businesses to support the latest development of its Greater Tom Price operations. The miner noted that construction of the Western Turner Syncline Phase 2 (WTS2) expansion started in... 

Tycoon Usmanov’s firms to build plant for greener iron products

By: Bloomberg     1st March 2021 Companies controlled by billionaire Alisher Usmanov will build a plant in central Russia to supply greener products used to make steel amid a growing focus to clean up the industry. A joint venture between USM and its Metalloinvest Holding's iron-ore mine will invest 40-billion rubles... 

Alisher Usmanov
Alisher Usmanov

Anglo CEO talks hydrogen, recycling, Scope 3, material solutions provision  

By: Martin Creamer     1st March 2021 The surge of the hydrogen economy, the need to recycle, halving Scope 3 emissions through iron-ore-linked green steelmaking, assisting South Africa to create new industries, and becoming a one-stop material solutions provider, were among the issues discussed by Anglo American CEO Mark Cutifani in... 

Anglo American CEO Mark Cutifani
Anglo American CEO Mark Cutifani interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Vale bullish on metal prices, seeks to accelerate copper projects

By: Reuters     1st March 2021 Executives at Brazil's Vale, the world's second largest iron-ore producer, said premiums for the commodity were at a "unique moment" and that they were also confident regarding the trajectory of copper in 2021. In a conference call with analysts to discuss the company's 2020 financial results,... 

Vale head of ferrous metals Marcello Spinelli
Vale head of ferrous metals Marcello Spinelli

Fitch raises metals, mining price assumptions in line with returning demand, low inventories 

By: Donna Slater     26th February 2021 Ratings agency Fitch Ratings has revised some of its metals and mining price assumptions in line with that it sees as commodity prices being set to benefit in the short term from returning demand, as well as slow supply response and low inventories. The agency’s revision of all iron-ore price... 

Fitch raises metals, mining price assumptions in line with returning demand, low inventories

Vale books hefty dam disaster charges, but bullish about core earnings

By: Reuters     26th February 2021 Brazil's Vale logged $4.9-billion in provisions related to the Brumadinho dam disaster in quarterly earnings, but its ferrous metal division turned in a strong performance and the miner was upbeat about the outlook for key products. Some $3.9-billion of the provisions are part of a recently... 

Vale books hefty dam disaster charges, but bullish about core earnings

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

Clockwise from top left Sietse van der Woude, Ian Mackay, and Bernard Swanepoel.
Joburg Indaba Modernisation in Mining virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Fortescue apologises for clearing land on Aboriginal sacred site

By: Reuters     24th February 2021 Australia's Fortescue Metals Group has apologised to an Aboriginal group for clearing land on a heritage site while flouting a government condition for representatives of the community to be present when the damage took place. It is the week's second such incident, despite pressure on Australian... 

Mining growth projects add glimmer of hope in dreary economic climate

By: News24Wire      24th February 2021 As mining companies turn to domestic growth-development projects, their spending spree may be what the sector needs to lift it from a slump it has endured for many years.  Companies such as platinum mining giant Sibanye-Stillwater and Kumba Iron Ore have led the way in ploughing cash into their... 

Brazil's BNDES closes out its stake in miner Vale

By: Reuters     23rd February 2021 Brazilian development bank BNDES has closed out its stake in miner Vale, selling 188.5-million shares and raising around 11-billion reais ($2-billion), the bank confirmed in a statement on Tuesday. The sale of the 3.6% stake in the miner, carried out by the bank's equity arm BNDESPar, comes as... 

Kumba declares 30% higher dividend, delivers record Ebitda

By: Marleny Arnoldi     23rd February 2021 JSE-listed Kumba Iron Ore has declared a final dividend of R41.30 apiece, bringing the total dividend declared for the year ended December 31, 2020, to R60.90 apiece. The dividend marks a 30% increase compared with the dividend paid out for the year ended December 31, 2019, on the back of... 

Kumba's Kolomela mine, in the Northern Cape
Photo by Creamer Media
Kumba's Kolomela mine, in the Northern Cape

Australian iron-ore and coal exports fall in January

By: Esmarie Iannucci     23rd February 2021 New data by the Australian Bureau of Statistics (ABS) has reported a A$3-billion, or 9% decline in exports for the month of January, driven by a A$1.5-billion, or 10% decline in the export of metalliferous ores. “The decline in metalliferous ores was driven by a decline in the quantity of... 

Australian iron-ore and coal exports fall in January

Rio's iron-ore growth projects remain on track

By: Esmarie Iannucci     22nd February 2021 Mining major Rio Tinto is on track to start iron-ore production from a range of new mines in the Pilbara during 2021. In its annual report, Rio noted that it was progressing its $2.6 billion Gudai-Darri iron-ore mine, with key construction activities on schedule. 

Rio's iron-ore growth projects remain on track
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