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Iron Ore News
Increased efficiency cuts carbon, advances net-zero path, research finds 
By: Martin Creamer 8th June 2022 Like all other key industries, mining is having to advance along a net-zero path as part of the global decarbonisation drive. Gone are the days when innovation and financial improvement can be sold on their own without a carbon advantage. (Also watch attached Creamer Media video.) →
GDP returns to pre-pandemic levels, up 1.9% q/q in the first quarter
By: Donna Slater 7th June 2022 Statistics South Africa (Stats SA) reports that the country’s seasonally-adjusted gross domestic product (GDP) rose by 1.9% quarter-on-quarter in the first quarter of the year, driven primarily by the manufacturing sector, which increased by 4.9% and contributed 0.6 of a percentage point to the... →
Moody's expects most commodity prices to remain high over short term
By: Marleny Arnoldi 7th June 2022 Financial research firm Moody’s Investor Service says in its latest outlook for metals and mining that most commodity prices will remain high for the time being, supporting increases in earnings for many companies. Particularly, base metals prices will remain high and volatile, as prices for... →
Rio targets green steel in Germany
By: Esmarie Iannucci 7th June 2022 Diversified miner Rio Tinto has inked a memorandum of understanding (MoU) with Germany’s Salzgitter Group to study the optimisation of Rio’s Australian and Canadian iron-ore products for use in a green steel project, in Germany. Under the MoU, Rio Tinto and Salzgitter will explore optimisation... →
Iron-ore extends gains above $140 on optimism for China demand
By: Reuters 6th June 2022 Iron-ore topped up its biggest weekly gain in 13 weeks as traders tracked China’s moves to rein in Covid-19 restrictions that have weighed on steel demand this quarter. Futures in Singapore crept higher on Monday morning after surging more than 7% last week on optimism over China’s plans to get... →
Circular economy prompting steel, oil, carbon recovery from end-of-life mine truck tyres
By: Martin Creamer 6th June 2022 Highest and best use of ultra-large end-of-life mine truck tyres is being brought about by a change to the model in which resources are mined, made into products, and then become waste. Just one of these giant tyres can weigh 4.5 t and stand 14 feet tall. Put five of the 63-inch variety into a... →
Iron-ore set for biggest weekly gain since March on China hopes
By: Bloomberg 3rd June 2022 Iron-ore headed for the biggest weekly gain in three months as demand prospects brightened after Covid cases eased in China, stockpiles fell and the country vowed to carry out policies to stimulate growth. Futures in Singapore have surged past $140 a ton as China front-loads infrastructure... →
Copper furnace component supply in final stage
By: Halima Frost 3rd June 2022 South Africa-based foundry and engineering company Thos Begbie has shipped the last of three batches of copper furnace components to a metal smelting and recycling firm, in Germany. The third and final batch was shipped last week and arrived at its destination on time. →
New system benefits mining operations
By: Sabrina Jardim 3rd June 2022 Global mining specialist and supplier of equipment and systems for openpit and underground mining, bulk materials handling and minerals processing company TAKRAF has introduced a materials handling system that links a mine to the final point of ore discharge at its processing facilities,... →
Converter to be supplied to smelter
3rd June 2022 Metallurgical industry plant supplier SMS group has been selected to supply a Peirce-Smith Converter for converting nickel matte for the production of batteries to global nickel exporter Société de Nickel de Nouvelle Calédonie et Corée (SNNC) in South Korea. The supply will fast-track the... →
New filters for alumina plant
3rd June 2022 Mining plant and machine supplier thyssenkrupp Mining Technologies and diversified natural resources producer Eurasian Resources Group (ERG) in February signed a contract for the supply and replacement of four electric filters at the Pavlodar Alumina Plant, part of the Aluminium of Kazakhstan... →
Supplier for Brazil ferronickel mine chosen
3rd June 2022 Industrial engineering and equipment multinational FLSmidth has been chosen as the supplier of the rotary kiln and rotary dryer for the Araguaia Niquel Metais ferronickel mine in the state of Pará in the northern region of Brazil. The order was booked in the first quarter of 2022 and is valued at... →
Service provider continues to expand its fleet
By: Halima Frost 3rd June 2022 Demolition solutions provider Jet Demolition has steadily expanded its fleet of equipment to befit projects that facilitate relines and repairs on furnaces and kilns of all types. Furnace demolition projects generally represent a smaller proportion of the company’s scope, as furnace demolition... →
BHP's neighbours to benefit from wind fences
By: Esmarie Iannucci 2nd June 2022 Mining major BHP has awarded contracts for Australia’s first wind fences, designed to reduce dust emissions as part of BHP’s A$300-million air quality commitment. The fences will be built in Port Hedland by CIMIC Group’s CPB Contractors under a A$130-million contract. →
Automated shiploaders on the way at BHP
By: Esmarie Iannucci 2nd June 2022 Diversified miner BHP has started testing two new automated shiploaders at its Port Hedland export facility in the Pilbara. In what is a world first, 3D laser scan technology has been used in the A$50-million project, which will fully automate eight shiploaders by 2023, and is aimed at... →
Far-reaching JSE reforms highlighted at exploration-focused Junior Indaba
By: Martin Creamer 1st June 2022 The June 1 launch of the JSE’s new Cutting Red Tape initiative to make listing on the JSE considerably easier, faster and more sustainable is twinning with JSE’s recent private placements inventiveness that provides for the raising of capital in the private market for minerals exploration and the... →
Ferrexpo declares interim dividend
By: Mariaan Webb 31st May 2022 Swiss-headquartered Ferrexpo, which operates mines in Ukraine, has declared an interim dividend of 13.2c a share, reflecting the continued operational performance by its business and favourable market demand for its iron-ore products. This is the first dividend announcement by the group for the... →
Transnet increasing rail and port capacity allocation for emerging miners
By: Martin Creamer 30th May 2022 To reduce barriers to entry, improve the ease of doing business and support transformation of the mining sector, measures are to be implemented to increase rail and port capacity allocation for emerging miners, Transnet announced on Monday. Improving access to loading facilities, and simplifying... →
Unions back Baffinland’s request to up Mary River production
By: Creamer Media Reporter 30th May 2022 The International Union of Operating Engineers, Local 793 and International Union of Operating Engineers (IUOE) have urged the federal government to approve Baffinland Iron Ore's request for an emergency order to allow the company to increase production at the Mary River mine through to the end... →
Former Transnet CEO Siyabonga Gama arrested
By: News24Wire 27th May 2022 Five former Transnet officials have been arrested by the Hawks and the National Prosecuting Authority's Investigating Directorate on Friday morning on charges of fraud, corruption and money laundering. News24 has established that two of the five include former Transnet CEO Siyabonga Gama and Eric... →
Former Transnet CEO Siyabonga Gama
Botswana mining sector on the rebound
By: Halima Frost 27th May 2022 The Botswana mining sector is on the rebound, following the onset of the Covid-19 pandemic, as well as the sustained period of subdued commodities prices from 2015 to 2019, industry organisation Botswana Chamber of Mines CEO Charles Siwawa tells Mining Weekly. He adds that the rebound can be... →
Demo plant, feasibility studies progressing
27th May 2022 Manganese development company Giyani Metals announced progress on its demonstration (demo) plant and feasibility study (FS) for its Botswana-based manganese oxide project, the K.Hill project, and on exploration and corporate activities, in March. At the time, Giyani said that the design of the... →
South Africa must reform its regulatory environment, make itself investor-friendly – simple
By: Martin Creamer 26th May 2022 South Africa must reform its regulatory environment and make itself investor-friendly – simple. That is the straight-forward view of Dr Mathews Phosa, who was speaking to Mining Weekly in his capacity as the non-executive vice-chairperson of the high-flying Jubilee Metals Group plc, a London Aim-... →
Hydrogen can be stored in existing fossil fuel infrastructure for years, world webinar hears 
By: Martin Creamer 26th May 2022 Hydrogen can be stored in existing fossil fuel infrastructure for years if need be, giving it the potential to become a universal energy carrier in the same way as oil is now but without the environmental impact, World Hydrogen Leaders webinar heard this week. Allowing hydrogen to make use of... →
Macarthur subcommittee to decide Lake Giles fate
By: Esmarie Iannucci 26th May 2022 ASX and TSX-V listed Macarthur Minerals has appointed a strategic sub-committee to assist the board in planning the development of its Lake Giles iron project, in Western Australia. The sub-committee will be focused on producing the Macarthur’s strategic partner action plan, drawing together the... →
Commodities in 'perfect storm' says ERG, as crisis starts super cycle
By: Reuters 26th May 2022 Years of under-investment in mining of metals essential to energy transition, supply shocks and high energy prices will continue to drive commodity prices higher, Eurasian Resources Group (ERG) CE Benedikt Sobotka said on Wednesday. Combined with Covid-related logistical issues and demand for... →
Platinum-boosted South African hydrogen electrolyser leaps ahead
By: Martin Creamer 25th May 2022 The proof-of-concept of the platinum group metals-boosted advanced alkaline electrolyser – the AAE – has been successfully completed by Hydrox Holdings of Randburg in a pioneering achievement that offers the potential for South Africa to enter the fray as world demand for hydrogen electrolysers... →
Ironveld to buy, refurbish mothballed smelter complex
By: Marleny Arnoldi 24th May 2022 Aim-listed Ironveld has signed heads of terms to acquire 100% of embattled Ferrochrome Furnaces’ (FCF’s) share capital. Ironveld has a high-purity iron, vanadium and titanium project located in the Northern Limb of South Africa’s Bushveld Complex. →
DWS stresses commitment to Phase 2 of the Vaal Gamagara Water Supply Scheme
By: Yvonne Silaule 20th May 2022 The Northern Cape stands to benefit to the tune of R10-billion when Phase 2 of the Vaal Gamagara Water Supply Scheme (VGWSS) is implemented, Water and Sanitation Minister Senzo Mchunu has announced. The construction of the bulk water supply project is critical to both the mining sector and... →
China's Sinosteel signs $680m iron-ore mine deal with Cameroon
By: Reuters 20th May 2022 Cameroon's government has signed a 420-billion CFA franc ($675.96-million) high-grade iron-ore mining deal with a subsidiary of Sinosteel Corporation Limited, as China seeks new sources of the steel-making ingredient. Sinosteel Cam, the Cameroonian subsidiary of the state-owned Chinese miner,... →
BHP still sees room to negotiate with Samarco's creditors
By: Bloomberg 20th May 2022 BHP Group is willing to protect its joint venture in Samarco Mineracao, saying it sees room to negotiate with financial creditors in the Brazil miner’s debt restructuring. “We’re absolutely committed to making sure that Samarco is reset to be the sustainable operation it always has been and... →
Afrimat earnings grow on back of normalised volumes, strong iron-ore price
By: Marleny Arnoldi 19th May 2022 JSE-listed construction materials, industrial minerals and bulk commodities supplier Afrimat performed well in the financial year ended February 28, on the back of favourable iron-ore prices, an expeditious turnaround of the Nkomati anthracite project and a return to normal volumes in both the... →
Vale-BHP JV Samarco's financial creditors plan to take over the company
By: Reuters 18th May 2022 An alternate restructuring plan for Samarco Mineracao SA, a joint venture between Vale and BHP Group, proposes that financial creditors take control of the company. The plan filed by a group of bondholders is expected to replace Samarco's debt restructuring proposal, which was rejected last... →
Collaboration needed to make South African mining globally competitive again – CSIR
By: Martin Creamer 18th May 2022 Concern about mineral resource scarcity is widespread and, at the same time, many countries, such as Australia, Canada and China, are investing significantly in strengthening their mining-related research, development and innovation (RDI) capabilities. “This makes cost and differentiation... →
Champion Iron spots pellets opportunity in Sept-Iles, Québec
By: Mariaan Webb 18th May 2022 Canada-based iron-ore miner Champion Iron has announced the acquisition of the Pointe Noire pelletising plant, located next door to the port facilities that it currently uses, with a view of recommissioning the plant to produce direct reduction-grade pellets. A subsidiary of Champion will buy... →
Forrest retakes reins at Fortescue as Gaines steps aside
By: Esmarie Iannucci 18th May 2022 Iron-ore major Fortescue Metals on Wednesday announced a swathe of changes to its leadership structure, which will see founder Dr Andrew Forrest retake leadership once current CEO Elizabeth Gaines steps aside in August. Forrest will specifically be overseeing Fortescue’s iron-ore business, in... →
Troy signs away some mining rights in Brazil
By: Esmarie Iannucci 16th May 2022 Gold miner Troy Resources has struck a $4-million deal for the lease and assignment of non-core mining rights in Brazil. The company on Monday announced that it had solidified a letter of intent inked in April, allowing Brazilian company PST Empreendimentos e Participacoes over certain mining... →
WA approves A$332m port spend
By: Esmarie Iannucci 16th May 2022 The Western Australian government will invest some A$332-million into the Mid West Ports Authority's Port Maximisation project, to meet increased demand for Geraldton Port services. The Port Maximisation project will be delivered over four years, facilitating growth by allowing Mid West Ports... →
Company Announcements
