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Iron Ore News
Fe raises funds to fast track JWD
By: Esmarie Iannucci 19th February 2021 Junior Fe Limited will raise A$5.5-million through a share placement to fast-track its iron-ore projects in Western Australia and the Northern Territory. The company this week reported that it had received firm commitments from sophisticated and professional investors for the placement of... →
Fenix's Iron Ridge ships first ore
By: Esmarie Iannucci 19th February 2021 First ore from the Iron Ridge mine, in Western Australia, has departed from the Port of Geraldton, with the next export vessel scheduled to arrive in late February. ASX-listed Fenix Resources on Friday said that previously reported mechanical issues with the Ya Tai 2 carrier had resulted in only... →
Rio unveils new shipping service to Singapore
By: Esmarie Iannucci 19th February 2021 A new commercial freight shipping service connecting the Pilbara to Singapore has been secured by mining major Rio Tinto. “This is an important new service that connects the Pilbara to the rest of the world via the major international shipping hub of Singapore. It will provide a number of... →
Transnet adjusts infrastructure strategy to deal with damaging weather conditions
By: Donna Slater 18th February 2021 State-owned Transnet is investigating methods to deal with unpredictable and severe weather patterns, which have negatively affected the railway network during and after cyclone Eloise hit Southern Africa in late January, resulting in heavy rainfall across South Africa. Transnet Freight Rail... →
Sundance prepares for arbitration over Congo mine project
By: Reuters 18th February 2021 Australia's Sundance Resources said on Thursday it was advancing its plans to start international arbitration proceedings against Republic of Congo after the African country cancelled its Nabeba iron ore project in December. Sundance, which delisted from the Australian Stock Exchange on December... →
Iron-ore prices drive record interims for Fortescue
By: Esmarie Iannucci 18th February 2021 Record shipments, earnings and operating cashflow for the half-year ended December have seen iron-ore miner Fortescue Metals delivering a 93% increase in interim dividends to shareholders. Ore shipments for the six months under review were up by 2% on the previous corresponding period, to... →
First ore from Iron Bridge delayed
By: Esmarie Iannucci 18th February 2021 Iron-ore miner Fortescue Metals has pushed back first production from its Iron Bridge magnetite mine, in the Pilbara, to the second half of 2022, confirming cost blow-outs on Thursday. The miner said that a review into the Iron Bridge mine had upwardly revised the capital cost of the project... →
Former De Beers executive promotes commodities recycling for a strengthened circular economy
By: Donna Slater 17th February 2021 The mining value chain plays a vital role in sustaining a circular economy, says mining executive and former De Beers Botswana CEO Sheila Khama. She explains, during a video interview with Zambian mining lobby organisation Mining for Zambia, that because mineral resources are finite, closer... →
Rio u-turns on emissions as new CEO takes climate-change journey
By: Bloomberg 17th February 2021 Rio Tinto Group has set goals for lowering the greenhouse gas emissions of its customers, reversing an earlier stance that it has no control over how steelmakers use the iron ore it mines. Rio had been at odds with some of its biggest rivals amid a debate about who bears responsibility for Scope... →
ARM expects headline earnings to more than double
By: Donna Slater 16th February 2021 JSE-listed diversified miner African Rainbow Minerals (ARM) reports that its headline earnings for the first half of its 2021 financial year are expected to increase by between 129% and 138%, to between R4.93-billion and R5.12-billion. This compares with the R2.15-billion in headline earnings... →
Rio Tinto explores low-carbon iron production in Canada
By: Mariaan Webb 16th February 2021 Global miner Rio Tinto has teamed up with two partners to explore the production of a low-carbon steel feedstock, using green hydrogen generated from hydro-electricity in Canada. The partnership, which also includes international engineering company Paul Wurth and European steelmaker... →
Heads roll at Fortescue
By: Esmarie Iannucci 16th February 2021 Iron-ore major Fortescue Metals has reported the immediate resignation of COO Greg Lilleyman as the company battles to contain costs at its Iron Bridge operation, in the Pilbara. Fortescue earlier confirmed that it was "reviewing" the cost and schedule of its $2.6-billion Iron Bridge magnetite... →
Iron-ore prices to trend lower in first six months of 2021
By: Tasneem Bulbulia 15th February 2021 The surge in iron-ore price between the second and fourth quarter of 2020 has run its course, says Fitch Solutions Country Risk and Industry Research. It notes that prices should grind lower during the first half of this year as supply improves and demand growth slows. →
Autonomous vehicles drive off at Chichester Hub
By: Esmarie Iannucci 15th February 2021 Iron-ore major Fortescue Metals has deployed autonomous light vehicles (ALVs) at its mining operations in the Chichester Hub. The company on Monday reported that the ALVs were developed by Fortescue’s Technology and Autonomy team as a solution to improve the efficiency of the Christmas Creek... →
Major enters scandium market
12th February 2021 Diversified major Rio Tinto will become the first producer of high-quality scandium oxide in North America, with construction of a new commercial-scale demonstration plant underway at its Rio Tinto Fer et Titane (RTFT) metallurgical complex in Sorel-Tracy, Quebec. →
Positive progress at ‘mine of the future’
By: Halima Frost 12th February 2021 Global automation company ABB says operators at the Sustainable Underground Mining (SUM) future mine project, have been able to make use of new remote technological systems implemented by the company since September 2020. The SUM project aims to establish a new world standard for sustainable... →
ArcelorMittal South Africa reports second-half profit as supply squeeze lifts prices 
By: Terence Creamer 11th February 2021 Steelmaker ArcelorMittal South Africa (AMSA) return to profit in the second half of its 2020 financial year on the back of steel-shortage-induced price rises that negatively affected many domestic downstream consumers and have led to growing calls for a lifting of import protection. The... →
V-shaped economic recovery to help surface miners recover, says economist
By: Donna Slater 9th February 2021 With signs of a V-shaped economic recovery, economist Dr Roelof Botha says the surface mining industry will recover in line with hard lockdown’s ending and increased demand for building materials. Speaking during a recent 250 member attended webinar on behalf of surface mining industry... →
Vale invests in company targeting carbon-free steel
By: Creamer Media Reporter 9th February 2021 Brazilian major Vale has acquired a minority stake in Boston Metal to promote the development of technology focused on steel decarbonisation. Boston Metal is a pre-operating company, founded in 2012 by professors from the Massachusetts Institute of Technology (MIT), whose objective is the... →
Reedy Lagoon eyes 'green iron'
By: Esmarie Iannucci 9th February 2021 Minerals explorer Reedy Lagoon Corporation has entered into an agreement with Dinsdale Consultants and Smelt Tech Consulting to establish ‘green iron’ production in Western Australia. The ‘green iron’ production center would use the Rio Tinto-developed HIsmelt technology to smelt magnetite from... →
A new commodities boom beckons when pent-up demand is unleashed
By: Bloomberg 8th February 2021 The eventual end of the coronavirus pandemic is likely to herald a consumption boom, piling pressure on precarious supply chains and boosting raw material prices, according to the Merchant Commodity Fund. “There’s a huge amount of pent-up demand in the consumer pocket,” said Doug King, head of... →
Modernisation in South Africa will attract new investment, offer opportunities for industry 
By: Simone Liedtke 5th February 2021 Demonstrating that modernisation in South Africa is possible will attract new investment and offer opportunities for the mining industry, while simultaneously promoting the country as an attractive mining investment location, says Boston Consulting Group (BCG) MD and partner Tycho Mőnks. This... →
Iron-ore, gold and copper set export records
By: Esmarie Iannucci 5th February 2021 New data by the Australian Bureau of Statistics (ABS) has revealed record high export revenue from iron-ore, gold and copper in 2020. The ABS revealed that Australia’s resources exports, including minerals, metals and energy commodities in 2019 generated A$270 billion in export revenue for the... →
Vale signs $7bn settlement dispute over Brazil dam break
By: Bloomberg 5th February 2021 Vale reached a settlement agreement with Brazilian authorities for a dam collapse that killed 270 people and led to production cutbacks that stripped the company of the title of world’s biggest iron-ore producer. The agreement comes around the two-year anniversary of the Brumadinho disaster,... →
Iron-ore jumps over 5% as Brazil's Vale reports subdued 2020 output
By: Reuters 4th February 2021 Iron-ore futures leapt on Thursday, after Vale released lacklustre annual production figures, as the Brazilian mining giant struggled to boost output due to operational constraints as a result of the pandemic and a dam disaster two years ago. The 2019 deadly tailings dam collapse at Vale's... →
Iron-ore future remains strong - MCA
By: Esmarie Iannucci 4th February 2021 Australia’s iron-ore is expected to remain a staple in the national economy, with a new report by the Minerals Council of Australia (MCA) forecasting that it would support growth, create jobs and sustain regional communities for many decades ahead of trading in a globally competitive market... →
Brazil's Vale seeks to draw line under rocky two years
By: Reuters 4th February 2021 Brazil's Vale said on Wednesday a multi-billion-dollar deal with authorities may be imminent and production may rebound this year, as the iron ore miner seeks to draw a line under two years dogged by sluggish production and complex legal negotiations. A dam containing mining waste burst in... →
Brazil's Bahia Mineracao starts production at iron-ore mine
By: Reuters 3rd February 2021 Brazilian miner Bahia Mineracao, a subsidiary of Kazakhstan's Eurasian Resources Group, started production at a mine in northeastern Brazil with expected 2021 output of one-million tonnes of iron-ore, its chief executive said on Tuesday. Bahia Mineracao plans to double output at the Pedra de... →
Samarco dam claimants to take BHP class action to UK Court of Appeal
By: Reuters 2nd February 2021 Lawyers for about 200 000 Brazilian claimants, whose £5-billion lawsuit against Anglo-Australian miner BHP over a 2015 dam collapse was struck out last November, are optimistic about going to the Court of Appeal. A High Court judge in Manchester refused on Friday to allow the claimants to appeal... →
Shaky iron market turns to Vale for final piece of supply puzzle
By: Bloomberg 2nd February 2021 With iron-ore at a crossroads, investors turn to Brazilian producer Vale for the final piece of the supply puzzle. Last month, BHP Group boosted its forecast for annual production, while Rio Tinto Group is also seeking to lift shipments of the steel-making ingredient this year. Vale -- the other... →
‘We need exploration to grow our industry’ – Minerals Council
By: Martin Creamer 1st February 2021 “We need exploration to grow our industry,” Minerals Council South Africa president Mxolisi Mgojo said on Monday during a virtual State of the Mining Nation media briefing in which he described exploration as one of the low-hanging fruits that could change South Africa’s economic trajectory in... →
Vale extends settlement talks over mining disaster for 15 days
By: Reuters 1st February 2021 Brazilian iron-ore miner Vale said on Friday that it had extended talks with the Minas Gerais state government for 15 days, giving the two parties more time to reach a settlement over the 2019 Brumadinho disaster that killed some 270 people. →
Kyrgyzstan bans foreign companies from future mining projects
By: Reuters 29th January 2021 Kyrgyzstan on Friday banned foreign companies from future large mining projects, although existing licences are unaffected, in the first major order by its new president. The economy of the Central Asian nation relies heavily on gold mining, particularly after two other sources of wealth -... →
Fortescue reviewing Iron Bridge timing and cost
By: Esmarie Iannucci 29th January 2021 Iron-ore major Fortescue Metals this week confirmed that it was "reviewing" the cost and schedule of its $2.6-billion Iron Bridge magnetite project, in Western Australia. CEO Elizabeth Gaines told investors this week that Iron Bridge was progressing well with engineering now 90% complete, module... →
Good vibrations for the year ahead
By: Darren Parker 29th January 2021 Vibrating original-equipment manufacturer (OEM) Kwatani’s capital project pipeline is “exceptionally strong against the back-end of weak markets”, which Kwatani CEO Kim Schoepflin says is a result of time spent actively working with mining and project houses during the worst of the pandemic. For... →
Contractor learns lockdown lessons
By: Darren Parker 29th January 2021 The main lesson learned over the past year is that, regardless of the challenges and new limitations brought about by the Covid-19 pandemic, good relationships are key to keeping businesses well-enthused and optimistic, says mining services company Basil Read Mining CEO Nathan Williams. “Even... →
Anglo reports strong fourth-quarter performance at Los Bronces, Minas-Rio
By: Creamer Media Reporter 28th January 2021 The strong performance recovery in the second half of 2020 continued in the fourth quarter of the year, says diversified miner Anglo American CEO Mark Cutifani. "As expected, second-half production returned to 95% of 2019 rates, benefiting from strong performances in copper at Los Bronces, in... →
Champion Iron to revise Kami feasibility study
By: Mariaan Webb 28th January 2021 Dual-listed Champion Iron will be reviewing and revising the feasibility study of the recently acquired Kami project, which is located only a few kilometers south-east of its current Bloom Lake operations. The revision of the Kami feasibility study will seek to strategically position Champion... →
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