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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... →
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... →
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... →
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... →
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... →
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... →
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%... →
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... →
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... →
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... →
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... →
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... →
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.... →
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 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... →
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... →
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... →
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... →
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... →
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