R/€ = 19.55 Change: -0.07
R/$ = 17.61 Change: -0.07
Au 1738.25 $/oz Change: 17.16
Pt 830.95 $/oz Change: -0.99

Iron Ore News

India to ease norms for granting iron-ore environmental approvals

By: Ajoy K Das     30th October 2019 India’s Mines Ministry is likely to ease norms for granting mandatory environmental and forest clearances to prevent disruptions in mining following fresh auctions of numerous iron-ore mining leases expiring on March 31, 2020. The objective is to ensure seamless transfer of mining leases to... 

Anglo, Exxaro, others partner on initiative to drive socioeconomic development 

By: Simone Liedtke     29th October 2019 Diversifed miners Anglo American and Exxaro have, alongside the Council for Scientific and industrial Research (CSIR) and World Vision International announced their collaborative partnership to work with the government of the Limpopo province to drive sustainable economic development in the... 

Anglo, Exxaro, others partner on initiative to drive socioeconomic development
Photo by Creamer Media's Simone Liedtke
Limpopo MEC for Economic Development, Environment an Tourism Thabo Mokone; World Vision chairperson Malcolm Boyd; Exxaro CEO Mxolisi Mgojo; Anglo American South Africa executive head Andile Sangqu; and CSIR CEO Dr Thulani Dlamini

Rio Tinto says miners need to leverage technology as scrutiny of the industry rises

By: Reuters     28th October 2019 Mining companies should make more use of technology to respond to increasing demands from investors and communities for responsible mining practices, Rio Tinto CEO Jean-Sébastien Jacques said on Monday. Technologies such as autonomous rail-cars and increased automation can lower the impact of... 

Rio Tinto says miners need to leverage technology as scrutiny of the industry rises
Jean-Sebastien Jacques

Legislative word change could see NMDC resume Donimalai operations

By: Ajoy K Das     28th October 2019 A mere substitution of a word in the Mines and Minerals (Regulation and Development) Act (MMRDA) 2015, effected by India’s federal government, has opened up a window for State-run miner NMDC to resume operations of the shuttered Donimalai mines in the southern state of Karnataka. Last month, the... 

Ferrexpo CEO steps aside to resolve Ukraine issues

By: Reuters     28th October 2019 Iron-ore pellets producer Ferrexpo said on Monday its CEO Kostyantin Zhevago would "temporarily" step aside to resolve matters relating to one of his former businesses in Ukraine. "This temporary change of leadership is necessary and in the interests of all shareholders to enable Mr Zhevago to... 

Ferrexpo CEO steps aside to resolve Ukraine issues
Kostyantin Zhevago

India to allow steel firms to divert iron-ore from captive mines

By: Ajoy K Das     28th October 2019 The Indian government will permit domestic steel producers to divert iron-ore production from captive mines to any other production facilities and/or joint ventures. The relaxation of captive mining rules follows similar liberalisation for State-run Steel Authority of India, which last month was... 

Samarco plans restart in 2020

By: Esmarie Iannucci     28th October 2019 The Brazilian joint venture (JV) between majors BHP and Vale, Samarco, has been given all the necessary environmental licenses to restart its operations in the state of Minas Gerais. The Samarco operations were suspended in November 2015 after the collapse of a tailings dam, claiming the lives... 

Samarco plans restart in 2020

Vale CEO says not yet time to resume dividends

By: Reuters     28th October 2019 ale's CEO said on Friday that a resumption in paying dividends or share buybacks would depend on progress in repairing the damage from its Brumadinho tailings dam collapse, which killed more than 250 people. Eduardo Bartolomeo told investors on a conference call the Brazilian iron-ore miner... 

Metals sector in costly battle to turn green

By: Reuters     25th October 2019 Metals producers, from miners to smelters, are grappling with increasingly tough and costly environmental demands imposed by banks seeking cleaner investments. While the transition may prove overwhelming for smaller producers, larger companies are playing a long game, casting ahead to a period... 

Vale earnings miss expectations, cites dam shutdown progress

By: Reuters     25th October 2019 Brazilian miner Vale on Thursday reported a weaker-than-forecast 15% gain in quarterly earnings as the iron-ore exporter tries to overhaul its operations to avoid a recurrence of the dam burst that killed more than 250 people in January. Vale's net profit rose to $1.654-billion from... 

‘Resurgent’ sector crucial to growth

By: Cameron Mackay     25th October 2019 Pumps manufacturer and supplier Australian Pumps Industries has a prominent presence in the Australian mining industry, particularly with 6-inch pumps in diversified miner Rio Tinto’s Dampier Salt operations, in Perth, Australia, as well as large trash pumps operating in gold and copper mines in... 

‘Resurgent’ sector crucial to growth
HYDROSTATIC RANGE Aussie Mine Boss hydrostatic testers are vital for verifying the integrity of water, as well as gas and oil pipelines

Beowulf shares slump on discounted capital raising

By: Mariaan Webb     24th October 2019 The share price of Aim-listed Beowulf slumped 15% on Thursday, after the company announced a £500 000 capital raising at a discounted 5.5p a share. The mineral exploration and development company’s stock fell to 5.8p each, despite a separate announcement detailing the award of a 1 000 ha... 

Transnet launches world’s longest production train  

By: Simone Liedtke     24th October 2019 State-owned rail company Transnet Freight Rail (TFR) on Thursday launched a 4-km-long train, with 375 wagons, officially making it the longest train in the world. The train was driven by Lisa Clark and transported about 24 000 t of manganese over a distance of more than 860 km between the Sishen... 

Transnet launches world’s longest production train
Transnet has launched a 4-km-long production train to transport manganese from the Northern Cape to Saldanha Bay. Camerawork: Dylan Slater; Editing: Nicholas Boyd.

Fortescue production rises

By: Esmarie Iannucci     24th October 2019 Iron-ore miner Fortescue Metals has reported a 4% increase in production during the three months to September, compared with the June quarter, shipping 42.2-million tonnes of ore. C1 cash costs for the first quarter of 2020 was up by 1% on the fourth quarter of 2019, to $12.95/t, but down by 2%... 

Fortescue production rises

Nigeria bid to boost mining gets help from West Africa gold rush

By: Bloomberg     24th October 2019 Nigeria’s efforts to persuade investors that it could become a mining destination for metals is receiving a boost from a small Canadian company joining a rush for gold in West Africa. The western tip of the continent is seen as a new frontier as gold miners face a dearth of new discoveries globally. 

Kumba appoints new nonexec director

By: Creamer Media Reporter      23rd October 2019 Iron-ore miner Kumba Iron Ore has appointed Orion Minerals' CFO for South Africa, Michelle Jenkins, as an independent nonexecutive director, effective November 1. “Michelle has excellent mining, corporate governance and audit experience which will further strengthen the Kumba board. The board... 

Kumba appoints new nonexec director
Michelle Jenkins

Strong Minas-Rio, met coal performance drive Anglo’s output higher 

By: Tasneem Bulbulia     22nd October 2019 Diversified miner Anglo American’s production for the third quarter ended September 30, increased by 4% year-on-year, driven by the continued successful ramp-up at the Minas-Rio iron-ore mine, in Brazil, and a strong performance at its metallurgical coal operations, CEO Mark Cutifani said on... 

Strong Minas-Rio, met coal performance drive Anglo’s output higher
Photo by Bloomberg
Anglo American CEO Mark Cutifani

Kumba lowers full-year sales guidance as sales to AMSA fall

By: Tasneem Bulbulia     22nd October 2019 Lower iron-ore sales to steel producer ArcelorMittal South Africa (AMSA) in the third quarter has prompted Kumba Iron Ore to lower its full-year sales guidance to between 42-million and 43-million tonnes of iron-ore, compared with the previously expected 43-million to 44-million tonnes. The... 

Vale nudges sales guidance lower after new dam halt

By: Reuters     22nd October 2019 Brazilian iron-ore miner Vale said on Monday it has temporarily shut down its Itabiruçu tailings dam and lowered its full-year iron-ore and pellet sales guidance as a result. Vale said it had shut down the dam so it could assess the structure's "geotechnical characteristics", noting the dam was... 

African lender eyes unloved neighborhoods in mining drive

By: Bloomberg     18th October 2019 African Finance Corp (AFC) will invest in countries disregarded by other companies as part of a plan to double its exposure to the mining industry, the firm’s head of investments said. The Nigeria-based development-finance firm is mulling mining and refining opportunities in Mali, Burkina Faso,... 

Fortescue turns to solar power

By: Esmarie Iannucci     18th October 2019 Iron-ore giant Fortescue Metals has struck a landmark agreement with Alinta Energy to employ renewable energy at the Chichester Hub iron-ore operations, in the Pilbara. Up to 100% of the daytime stationary energy requirements at the Chichester Hub will be powered by renewable energy, with... 

Fortescue turns to solar power

SA moves to give new impetus to exploration, following years of stagnation 

By: Tracy Hancock     18th October 2019 The absence of new mining projects, owing to limited exploration, continues to weigh on the future sustainability of South Africa’s once thriving mining sector, which once captured a larger share of major mining budgets. “There is simply not enough investment in new mineral exploration to take... 

SA moves to give new impetus to exploration,  following years of stagnation
Mandela Mining Precinct co-director Alastair Macfarlane discusses an initiative under way to stimulate local exploration. Camera work: Kutlwano Matlala. Editing: Nicholas Boyd.

Anglo’s autonomous truck fleet at Quellaveco will not impact jobs 

By: Martin Creamer     15th October 2019 The planned introduction of an autonomous fleet at the Quellaveco copper mine in Peru will not impact jobs, Anglo American Peru CEO Tom McCulley told a visiting international media contingent on Monday. Quellevaco has a north and south pit and the automation will begin with seven trucks at the... 

Anglo’s autonomous truck fleet at Quellaveco will not impact jobs

Vale quarterly iron-ore output falls 17.4%

By: Reuters     14th October 2019 Brazil's Vale said on Monday its third-quarter iron-ore production was up from the previous quarter but still down 17.4% from a year ago, as the miner slowly began to resume production at mines that were shut down following a deadly dam burst in January. The company produced 86.704-million... 

Forum 4 Service Delivery Youth calls for nationalisation of mines

By: African News Agency      14th October 2019 The nationalisation of mines will lead to industrialisation, growth of the economy and jobs, Forum 4 Service Delivery Youth said on Monday. "The industrial strategy adopted by government will never succeed unless we have State control and ownership of the natural resources," said Kgothatso... 

Guinea's Nimba iron-ore project gets green light to export via Liberia 

By: Reuters     14th October 2019 Guinea and Liberia signed a deal on Friday to allow several mines in Guinea, including the giant Nimba iron-ore project, to export through Liberia, officials from the West African countries said. The logistics of transporting tonnes of raw materials to port from mining sites in remote parts of... 

Fortescue extends buy-back programme

By: Esmarie Iannucci     11th October 2019 Iron-ore major Fortescue Metals has extended its on-market share buy-back programme by a further 12 months, until October 2020. The company has also re-established the total amount of the buy-back programme at A$500-million.  

New drives rolling out throughout S Africa

By: Halima Frost     11th October 2019 Subsequent to the launch of the new VDrivePlus and AlphaDrive-Micro variable speed drives (VSDs) from Hudaco Group company Varispeed, bearings and accessories distributor Bearings International (BI) has embarked on a training and sample-distribution campaign at its 50 BI branches in South Africa.... 

New drives rolling out throughout S Africa
ALPHA AND OMEGA The AlphaDrive Micro and VDrivePlus by Varispeed have been launched in South Africa by BMG

Ukraine seeks to add billionaire CEO to international wanted list

By: Bloomberg     10th October 2019 Ukrainian investigators have started a process to add Kostyantin Zhevago, the billionaire chief of Ferrexpo, to an international wanted list after he failed to appear for questioning about his former banking business last month. The businessman was named as a suspect in absentia and... 

As Fortescue taps Guinea, China eyes broader iron-ore supply sources – CEO

By: Reuters     10th October 2019 China is looking beyond current suppliers like Australia to procure raw materials in future as its steel demand continues to grow, the chief executive of the world's No. 4 iron-ore producer Fortescue Metals Group warned on Thursday. Even as clouds gather over the global economy amid the bitter... 

Minerals Council calls for rational debates on a just transition 

By: Kim Cloete     9th October 2019 The Minerals Council South Africa has called for "rational and sombre" debates about a just transition from coal-fired power to more wind and solar energy and has outlined the difficult situation mining companies are facing, amid higher electricity prices and other input costs. The council's... 

Minerals Council calls for rational debates on a just transition
Photo by Creamer Media
Minerals Council chief economist Henk Langenhoven

Biodiversity, climate everyone’s issues – Environment Minister  

By: Martin Creamer     8th October 2019 South Africa is one of the world’s top three mega biodiverse nations along with Brazil and Indonesia, said Environment Forestry and Fisheries Minister Barbara Creecy in her address to the Oppenheimer Research Conference (ORC). “We are thus one of the richest countries in terms of the diversity of... 

Biodiversity, climate everyone’s issues – Environment Minister
Environment, Forestry and Fisheries Minister Barbara Creecy ORC presentation by Mining Weekly's Martin Creamer. Camera Work: Darlene Creamer

India set to become net iron-ore importer

By: Ajoy K Das     8th October 2019 India is poised to become a net importer of iron-ore during the next financial year, as the domestic market shifts from surplus to deficit. Supply-side disruptions could lead to an estimated deficit of about 50-million tons during 2020/21, forcing imports of between 25-million and 30-million tons... 

Ferrexpo trims full-year guidance

By: Creamer Media Reporter      8th October 2019 Swiss-headquartered iron-ore producer Ferrexpo has lowered its guidance for the full year to between 10.4-million tons and 10.6-million tons, citing current market conditions. The new guidance compares with an earlier forecast of producing 10.6-million tons this year. 

Sierra Leone cancels mining licence of Gerald Group unit

By: Reuters     8th October 2019 Sierra Leone's government has cancelled the mining licence of a subsidiary of Gerald Group, the mines minister told Reuters on Tuesday, amid a dispute over royalty payments. SL Mining suspended its iron ore mining operations in the West African country last month after filing for arbitration over... 

Sierra Leone cancels mining licence of Gerald Group unit

Investment in climate-positive companies growing – Joburg Indaba  

By: Martin Creamer     7th October 2019 Asset managers globally have become the lightning rod of populist views in Western countries, with the conversation now dominated by climate-change issues within the environmental, social and governance (ESG) paradigm as well as what the prospective upheaval in the vehicle industry means for... 

Investment in climate-positive companies growing – Joburg Indaba
Mining Weekly's Martin Creamer on Joburg Indaba climate discussion. Video Editing: Nicholas Boyd. Video: Kutlwano Matlala. Photo: Dylan Slater.

Beowulf says Sweden appears to be moving forward with Kallak decision

By: Creamer Media Reporter      4th October 2019 Aim-listed Beowulf is encouraged by Swedish Enterprise and Innovation Minister Ibrahim Baylan decision to decline a meeting request by its CEO, on the basis that the proposed meeting concerned a “forthcoming government decision”. The company, which has been fighting hard for an exploitation... 

Beowulf says Sweden appears to be moving forward with Kallak decision

Environment government’s most important Ministry – Oppenheimer  

By: Martin Creamer     4th October 2019 The Environment Ministry is the most important ministry in the government, former mining luminary Nicky Oppenheimer said at this week’s tenth Oppenheimer Research Conference. “Environment is at the forefront of everybody’s mind, and we in South Africa are unbelievably blessed with the environment... 

Environment government’s most important Ministry – Oppenheimer
Former mining luminary Nicky Oppenheimer covered by Mining Weekly’s Martin Creamer. Camera Work: Darlene Creamer. Photograph: Dylan Slater.
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