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Iron Ore News

BHP rolls out autonomous haulage at South Flank

By: Esmarie Iannucci     13th January 2022 Diversified major BHP on Thursday announced that it would move its $3.6-billion South Flank mine, in the Pilbara, to autonomous haulage. The miner said that autonomous haulage will be phased in across five autonomous operation zones (AOZs), beginning in June 2022, and by September 2023, the... 

Ganmin's iron-ore project draws more attention

By: Esmarie Iannucci     12th January 2022 Africa-focused iron-ore developer Gemin has inked a non-binding memorandum of understanding (MoU) with China’s second largest privately owned iron and steel enterprise, Jianlong Group, for the offtake of two-million tonnes of iron-ore from the Baniaka project, in the Republic of Gabon. The MoU... 

Formal launch of South Africa’s first green ammonia project on Tuesday  

By: Martin Creamer     12th January 2022 The formal launch of South Africa’s first green ammonia project takes place on Tuesday, against the background of the initiative having already secured an in-principle offtake agreement from a global player – a clear indication of the world’s ‘go green’ momentum. Hive Energy and BuiltAfrica –... 

Picture supplied by BuiltAfrica
BuiltAfrica chairperson Thulani Gcabashe interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

GWR restarts C4 mining

By: Esmarie Iannucci     12th January 2022 Junior GWR Group has resumed mining at its high-grade C4 iron-ore mine, in Western Australia. Mining operations at C4 were suspended in September last year due to the volatility in iron-ore prices, now following recent price increases the company is able to confirm that mining has recommenced. 

Heavy rains force miners to halt operations in southeast Brazil

By: Reuters     11th January 2022 Heavy rainfall in southeastern Brazil has prompted miners including Vale to suspend some operations, they said on Monday, after downpours caused deadly floods in the northeast and threatened to delay harvests in the midwest. Rainfall is expected to remain heavy this week in most of top mining... 

Rio purchases battery-electric trains for the Pilbara

By: Esmarie Iannucci     11th January 2022 Mining major Rio Tinto will buy four battery-electric trains to use in the Pilbara as part of its strategy to reduce its carbon emissions by 50% by 2030. Rio on Tuesday announced that it had purchased the four 7MWh FLXdrive battery-electric locomotives from Wabtec Corporation with production... 

Image shows aerial view of Rio Tinto's Pilbara operations

Vale halts iron-ore operations due to heavy rains, maintains guidance

By: Reuters     10th January 2022 Brazilian miner Vale said on Monday it has partially halted operations at its Southeastern and South iron-ore systems due to heavy rains that are affecting the state of Minas Gerais, but reiterated 2022 production guidance as the Northern system was not affected. Vale said in a securities filing... 

Vale halts iron-ore operations due to heavy rains, maintains guidance

French-owned mine in Brazil ordered to stop operating after dike overflow

By: Reuters     10th January 2022 The regulatory National Mining Agency (ANM) suspended operations of French steel pipe maker Vallourec at its Pau Branco iron-ore mine in Brazil on Sunday, a day after a dike at the mine overflowed and cut off a federal highway, the company said. The overflow of the dike cut off traffic on... 

Iron-ore sees solid first week of 2022 on China demand hopes

By: Reuters     7th January 2022 Iron-ore was poised to book solid gains for the week, despite a mixed morning session in Shanghai on Friday, as traders returned from New Year holidays feeling optimistic about demand prospects in top steel producer China. The steelmaking ingredient's most-active May contract on China's Dalian... 

Minerals Council backs State capture commission’s recommendations 

By: Martin Creamer     6th January 2022 Minerals Council South Africa on Thursday endorsed the recommendations of the first report of the Commission of Inquiry into State Capture. The Minerals Council said these recommendations, aimed at preventing endemic and corrosive corruption in organs of the state and within the private sector,... 

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Minerals Council South Africa CEO Roger Baxter

Australian exports flourish as project pipeline grows

By: Esmarie Iannucci     4th January 2022 Australia’s resource and energy export earnings are forecast to reach A$379-billion in 2021–22 as demand for coal and gas surges in the face of a global energy shortage, the December edition of the Resources and Energy Quarterly (REQ) found. The 2021-22 prediction was up from the A$310-billion... 

Fitch Solutions lowers gas spot price forecast

By: Marleny Arnoldi     3rd January 2022 Fitch Solutions lowers gas spot price forecast Research agency Fitch Solutions has lowered its natural gas spot price forecast from $3.90/million British Thermal Unit (MBTU) to $3.70/MBTU, following a sharper than expected decline in prices in the fourth quarter of 2021. 

Anglo, Vale mull joint development of new iron-ore resource

By: Marleny Arnoldi     3rd January 2022 Diversified miners Anglo American and Vale have confirmed they have been in discussions about the potential joint development of Vale’s Serpentina iron-ore resource, which is contiguous to Anglo’s Minas-Rio operation, in Brazil. However, the discussions are preliminary in nature and do not... 

Iron-ore scales seven-week peak on China steel demand hopes

By: Reuters     17th December 2021 China's iron-ore prices jumped to a seven-week high on Friday and were set for a fourth straight weekly gain, on growing hopes of a recovery in steel demand in the world's biggest producer of the construction and manufacturing material. The optimism around the key steelmaking ingredient,... 

Energy transitioning countries stand to attract major FDI investment, webinar hears 

By: Martin Creamer     15th December 2021 Countries that choose to transition into clean energy stand to attract major foreign direct investment (FDI) flows, as do companies that follow a clear pathway towards decarbonisation responsibly, a global webinar event has emphasised. The timing of the clean energy leapfrog by transitioning... 

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Wood Mackenzie Metals and Mining webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

La Nina’s threat extends beyond farming to iron and coal fields

By: Bloomberg     15th December 2021 Everyone from traders to farmers is trying to figure out what La Nina means for global food production. But there are also potentially price-altering implications for industrial metals. Previous episodes of the weather phenomenon have damped deliveries of Australian coal and Brazilian iron-ore,... 

Fortescue takes a gander at Gabon

By: Esmarie Iannucci     15th December 2021 Iron-ore major Fortescue Metals is evaluating the Belinga iron-ore project, in Gabon. The company on Wednesday announced that it had entered into an agreement with the government of the Republic of Gabon for a 36-month exclusivity period, over an area totalling approximately 5 500 km2 to study... 

Pilbara solar farm powers up

By: Esmarie Iannucci     15th December 2021 Energy supplier Alinta Energy on Wednesday reported that Western Australia’s largest solar farm has begun production, and would power up to 100% of the daytime operations of iron-ore major Fortescue’s Christmas Creek and Cloudbreak mines, in the Pilbara. The solar farm will displace around... 

Pilbara solar farm powers up

Anglo looks to green steel development as one measure to reduce Scope 3 emissions 

By: Donna Slater     13th December 2021 Efforts in the steel industry to increase the metal’s environment friendliness – a process known as “green steel” – will assist diversified miner Anglo American in reducing its Scope 3 emissions, outgoing Anglo American CE Mark Cutifani has said. Speaking during an investor day on December 10,... 

An image of Mark Cutifani
Outgoing Anglo American CE Mark Cutifani

Iron-ore jumps over 7% on bets China will boost fiscal stimulus

By: Bloomberg     13th December 2021 Iron-ore surged more than 7% in Singapore amid demand optimism on expectations that China will move to increase stimulus next year to bolster the economy. Prices also jumped in Dalian. Futures on the SGX extended a stretch of four weekly gains, the longest winning run since May, and headed for... 

Agbaja scoping proves positive

By: Esmarie Iannucci     13th December 2021 A scoping study into the Agbaja cast steel project, in Nigeria, has confirmed that the project could support a mine life of 25 years. Agbaja is planned to mine iron-ore and produce a competitively priced steel billet for the Nigerian domestic market, with the project based on a mineral resource... 

Kumba lowers 2022, 2023 output guidance

By: Marleny Arnoldi     10th December 2021 Iron-ore miner Kumba Iron Ore says it remains on track to produce 40.5-million tonnes of iron-ore this year, albeit at the upper end of its unit cost guidance of about R430/t. The C1 unit cost guidance for production of $40/t remains unchanged.  

Commodity prices to edge lower in 2022 – Fitch Solutions

By: Marleny Arnoldi     10th December 2021 Research agency Fitch Solutions Country Risk & Industry Research expects commodity prices to ease in 2022, from current levels, and forecasts that most commodity prices will average lower year-on-year. This is on the back of improving supply and slowing demand; however, commodity prices will... 

Fortescue CEO steps aside as company transitions

By: Esmarie Iannucci     10th December 2021 Iron-ore major Fortescue Metals on Friday announced that CEO Elizabeth Gaines would be stepping aside as the company transitions from a pure resources company to a vertically-integrated green energy and resources group. Gaines will assist with the selection of a new CEO to lead the development... 

As global steel industry mulls sustainable solutions, SA urged to ‘green’ iron-ore

By: Nadine James     10th December 2021 Producing ‘green steel’ in South Africa might be a distant dream, but exporting ‘green iron-ore’ is achievable in the medium term, says Afriforesight materials engineer and project innovation manager Dr Brandon Davoren. Amid the global trend towards sustainability and in the wake of the... 

Magazine Cover Image

Mining production up 2.1% y/y in October, buoyed by PGMs

By: Donna Slater     9th December 2021 Statistics South Africa (Stats SA) reports that mining production increased by 2.1% year-on-year in October, with the largest positive contributor being the platinum group metals (PGMs) sector, which was 24% up, contributing 5.5 percentage points. Chromium ore increased by 28.7%, adding 0.9 of a... 

Leading mining companies commit to contract transparency 

By: Martin Creamer     9th December 2021 Members of the International Council on Mining and Metals (ICMM) on Thursday announced their commitment to disclose all mineral development contracts from the start of January this year, wherever they operate, marking a significant step by about a third of the global mining and metals industry to... 

Picture supplied.
ICMM CEO Rohitesh Dhawan

Iron-ore rally fizzles, stainless steel crumbles on China demand concerns

By: Reuters     9th December 2021 Benchmark iron-ore futures in Asia on Thursday pulled back from six-week peaks hit during a relief rally earlier this week that was mainly driven by China's policy support, particularly for its debt-saddled property developers. Stainless steel was also in the spotlight, with the Shanghai... 

Fortescue ramps up rail decarbonisation

By: Esmarie Iannucci     9th December 2021 Iron-ore major Fortescue Metals on Thursday said that it would be ramping up the decarbonisation of its locomotive fleet, with the arrival of two additional locomotives at its green energy arm Fortescue Future Industries’ (FFI) research and development facility in Perth. The two four-stroke... 

HPX, Ivanhoe Liberia support transport provision legislative amendments

By: Simone Liedtke     8th December 2021 Mineral exploration and development company HPX and Ivanhoe Liberia have acknowledged the ongoing review process by the government of Liberia through the National Legislature that is deliberating specific terms of the proposed third amendment to the Mineral Development Agreement (MDA) with... 

MRL to develop autonomous trains for the Pilbara

By: Esmarie Iannucci     6th December 2021 Mining services provider Mineral Resources (MRL) will form a partnership with autonomous solutions provider Hexagon to develop an autonomous road train solution as part of its mining services infrastructure supply chain solution that is key to unlocking stranded tonnes in the Pilbara. MRL said... 

Exploration debate highlights Nema challenge  

By: Martin Creamer     3rd December 2021 The withdrawal of a portion of the National Environmental Management Act (Nema) has created a major challenge for mineral exploration in South Africa, the Industrial Development Corporation (IDC) co-sponsored exploration webinar heard on Thursday. Taking part in the panel discussion under... 

Creamer Media image.
IDC co-sponsored webinar covered by Mining Weekly.

Australian exports surge despite Covid

By: Esmarie Iannucci     3rd December 2021 Despite a challenging 12 months, Australia’s resources and energy exports continue to surge, according to the latest trade data from the Australian Bureau of Statistics (ABS). Minister for Resources and Water Keith Pitt said the ABS’ International Trade in Goods and Services data for October... 

Explorer announces positive PFS results

3rd December 2021 Guinea-focused developer Société des Mines de Fer de Guinée (SMFG) chairperson Guy de Selliers and SMFG CEO Mamady Youla have announced the positive findings of its prefeasibility study (PFS) for the Nimba Iron Ore Project. 

Pelletising disc innovation reduces emissions

3rd December 2021 Screening, pelletising and primary crushing systems provider Haver & Boecker Niagara offers the Scarabaeus pelletising disc to enhance the productivity and profits of mining operations. The “cutting-edge” processing technology allows operations to sustainably produce iron-ore pellets by reducing... 

Picture of a scarabaeus pelletising disc
SCARABAEUS PELLETSING DISC Allows operations to sustainably produce iron ore pellets by reducing carbon dioxide emissions while providing heightened efficiency with a 97% production rate of pure iron

SA traders subjected to losses in iron-ore investments

By: Claire O'Reilly     3rd December 2021 South Africa often misses the most lucrative parts of boom markets, says African commodity market consultancy Core Consultants CEO Lara Smith. 

Picture of a hand holding pieces of iron ore
MISSED OPPORTUNITIES By the time SA tarders had finalised sales and purchase agreements, organised finance and port allocation, the prices started to trend downward

Equipment provider awarded BHP contract

3rd December 2021 Mining products and services provider Schlam announced last month that it had been awarded a multimillion-dollar national contract to supply its Hercules dump bodies to diversified miner BHP Minerals Australia. 

Picture of a dump bodie
HERCULES DUMP BODIES Schlam is extending its current contract with BHP West Australia Iron Ore (WAIO) site and is supplying new sites in Queensland and New South Wales

Company boasts substantial supply increase

By: Halima Frost     3rd December 2021 The  average monthly turnover and tonnage throughput of Zambia-based steel product supplier Afrope Zambia has increased sixfold since its acquisition by South African logistics and trading company Inter Trade Africa in 2019. The company has expanded its product offering to the mining consumables... 

A man welding a steel mes screen used in the copper mines as a support underground, at the Afrope manufacturing plant in Zambia
STEELY SPARKS The amount of steel used in products used in mine support systems such as screen mesh Central Africa Copperbelt has increase exponentially
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