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Iron Ore News

Tailings presents opportunity for wet processing experts

By: Tracy Hancock     4th October 2019 Wet-processing equipment company CDE South Africa is targeting iron-ore and gold mining operations with low-grade ore and tailings dumps, as it believes this is where potential for growth lies in South Africa. “In the iron-ore space we have had a lot of success in beneficiating low-grade waste... 

Mines realising value of OEM services

By: Tracy Hancock     4th October 2019 Mines and quarries are returning to original-equipment manufacturers (OEMs) such as mining and quarrying equipment manufacturer Osborn Engineered Products for service-level agreements (SLAs) amid tough economic conditions. “Even repairs are being redirected to OEMs, owing to the great cost and... 

Mines realising value of OEM services
STEP CHANGE The mining industry is a lot more receptive to service-level agreements, owing to the ongoing shortage of skills in the industry and having to turn to original-equipment manufacturers to redo the work of alternative service providers

Vale expects to mostly finish paying for burst dam by 2021

By: Reuters     3rd October 2019 Brazilian miner Vale on Wednesday said it expects to finish paying for most of the expenses related to the disaster at one of its facilities that killed at least 250 people by 2021. In securities filings, Vale laid out its expectations for expenses related to the rupture of a mining dam at its... 

New technologies can make mining safer, sunrise industry – Mgojo  

By: Martin Creamer     2nd October 2019 The utilisation of new technologies could make mining a sunrise industry while simultaneously addressing safety and health issues, Minerals Council South Africa president Mxolisi Mgojo said on Wednesday. Responding to a question by Joburg Indaba chairperson Bernard Swanepoel following his keynote... 

New technologies can make mining safer, sunrise industry – Mgojo
Minerals Council South Africa president Mxolisi Mgojo’s address to Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video Editing: Nicholas Boyd. Photograph: Dylan Slater. Video: Kutlwano Matlala.

Modern, sustainable mining can build thriving communities – Anglo  

By: Martin Creamer     2nd October 2019 Modern, sustainable and innovative mining was capable of building thriving mining communities that were healthier, better educated and employed in greater numbers, Anglo American CEO Mark Cutifani said on Wednesday when he delivered a keynote address at the Joburg Indaba. Cutifani said... 

Modern, sustainable mining can build thriving communities – Anglo
Anglo American CEO Mark Cutifani’s Joburg Indaba address covered by Mining Weekly’s Martin Creamer. Video Editing: Nicholas Boyd. Photograph: Dylan Slater. Video: Kutlwano Matlala.

Cutifani inducted into South African Mining Hall of Fame

By: Marleny Arnoldi     2nd October 2019 Global diversified miner Anglo American CE Mark Cutifani has been inducted into the South African Mining Hall of Fame for his contribution to the industry over the last 12 years. Anglo American South Africa has about 50 000 employees, working at own- and subsidiary operations in the diamond,... 

Cutifani inducted into South African Mining Hall of Fame
Photo by Bloomberg
Anglo American CEO Mark Cutifani

Macarthur Minerals seeks dual listing on ASX

By: Creamer Media Reporter      1st October 2019 Iron-ore developer and lithium explorer Macarthur Minerals is aiming for a dual listing on the ASX before the end of the year, which executive chairperson Cameron McCall says should provide sufficient funding to continue the advancement of its flagship Lake Giles project, in Western Australia.... 

Iron-ore supply shocks lead to encouraging conditions for Zanaga

By: Simone Liedtke     30th September 2019 Aim-listed Zanaga Iron Ore Company’s (Zioc’s) joint venture partner Jumelles has made “substantial progress” in progressing the Zanaga project during the six months ended June 30, the company reported on Monday. This was achieved through the small-scale early production project solution (the EPP... 

Proudly South African anti-cable theft technology already deployed on 12 sites

By: Martin Creamer     30th September 2019 It has been said that entering the Elvey Security Technologies headquarters in the Greenstone Hill Office Park, in Modderfontein, Edenvale, is like boarding USS Enterprise on a Star Trek movie set. All the futuristic trappings are evident in this Hudaco company’s Pentagon demonstration room,... 

Proudly South African anti-cable theft technology already deployed on 12 sites
Photo by Creamer Media's Dylan Slater
SOLVING A WORLDWIDE PROBLEM Hudaco executive director Louis Meiring (left) and Commercial ICT MD Brad Morein in futuristic demonstration room.

Australia trims mining, energy export revenue for 2019/20 on trade war

By: Reuters     30th September 2019 Australia has scaled back its expectations for record export revenue from mining and energy in the 2019/20 financial year as trade tariffs chill global economic growth, the government said on Monday. Australia forecast mining sector revenue at $282-billion, down $3-billion from its June... 

Australia trims mining, energy export revenue for 2019/20 on trade war

Rio Tinto scraps plans for Canadian iron-ore unit sale, floatation - WSJ

By: Reuters     30th September 2019 Anglo-Australian miner Rio Tinto has cancelled plans for the sale or floatation of its Canadian iron ore business, following unsuccessful attempts to find buyers, the Wall Street Journal reported on Sunday. Rio Tinto, which owns 59% stake in Iron Ore Co of Canada, was unable to settle on a... 

ArcelorMittal to review Canada, Brazil iron assets 

By: Bloomberg     27th September 2019 ArcelorMittal is evaluating a potential sale of some of its iron-ore operations, as the world’s biggest steelmaker seeks to cut debt by divesting non-core businesses, people familiar with the matter said. The company is reviewing its iron ore assets in Canada, Brazil and Liberia, the people... 

Anglo’s inclusive procurement programme provides much needed boost

27th September 2019 For six years, a small company in the Northern Cape town of Postmasburg struggled with the typical challenges facing South African small, medium-sized and microenterprises: inconsistent work, poor cash flow, and an inability to plan for growth.  

Anglo’s inclusive procurement programme provides much needed boost
INCLUSIVITY In 2017, Kumba Iron Ore’s inclusive procurement and enterprise development initiatives spent more than R36-billion with small suppliers around its operations

South African mining returns to profitability, despite challenging environment – PwC 

By: Simone Liedtke     26th September 2019 The South African mining industry returned to profitability this year, despite a challenging operating environment owing to regulatory uncertainty, energy constraints, labour disputes, illegal mining activities and a skills shortage, PwC’s eleventh ‘SA Mine’ edition, published on Thursday, shows.... 

South African mining returns to profitability, despite challenging environment – PwC
Photo by Creamer Media's Simone Liedtke
PwC partner and the report’s project leader Luyanda Mngadi (left) and PwC Africa energy utilities and resources leader Andries Rossouw (right) at the launch of the report

First glimpse into Mining Indaba 2020 programme 

By: Martin Creamer     26th September 2019 The twenty-sixth Investing in African Mining Indaba – scheduled to take place in Cape Town from February 3 to 6 next year – will offer delegates new insight into issues facing Africa’s resources sector. “We’re building on the success of the 2019 Mining Indaba in terms of the high level of... 

First glimpse into Mining Indaba 2020 programme
Investing in African Mining Indaba.

Brazil's Vale to launch new iron-ore product in early 2020

By: Reuters     26th September 2019 Brazilian iron-ore miner Vale said on Thursday it will start supplying a new iron ore product 'GF88', hematite or ground fines used for pelletizing, in the first quarter of 2020. Vale, the top global pellets and pellet feed producer, expects the pellet ratio in China's blast furnaces to... 

Capacity increased at Port Hedland

By: Esmarie Iannucci     26th September 2019 An additional 40-million tonnes a year of capacity has been made available at the port of Port Hedland, increasing the annual shipping capacity to 617-million tonnes. Western Australian Ports Minister Alannah MacTiernan noted that the annual capacity allocations for current port user will remain... 

Capacity increased at Port Hedland

Rio Tinto and Chinese partners aim to reduce emissions in steelmaking

By: Mariaan Webb     25th September 2019 Global iron-ore major Rio Tinto has signed a memorandum of understanding (MoU) with steel producer China Baowu Steel Group and Tsinghua University to develop methods to reduce carbon emissions and to improve the environmental performance across the steel value chain. The MoU will enable the... 

BHP approached Anglo American chief Mark Cutifani for CEO role

By: Bloomberg     25th September 2019 BHP Group has talked to Anglo American CEO Mark Cutifani about running for the top job at the company, according to people familiar with the matter. BHP made the approaches earlier this year and again more recently, said the people, who asked not to be identified as the process is confidential.... 

BHP approached Anglo American chief Mark Cutifani for CEO role
Photo by Bloomberg
Anglo American CEO Mark Cutifani

After dumping Vale, Church of England says miner has ‘way to go’

By: Bloomberg     24th September 2019 The Church of England has dumped Vale, and it doesn’t look like the Brazilian miner will make it back into the good books any time soon. The church sold its shares in Vale after a tailings dam collapse in January killed at least 249 people in the Brazilian town of Brumadinho. It has also blocked... 

After dumping Vale, Church of England says miner has ‘way to go’

Ukraine prosecutor calls Ferrexpo CEO for questioning as a suspect

By: Reuters     23rd September 2019 Ukraine's state prosecutor office said on Monday that State Investigation Bureau has called Ferrexpo CEO Kostyantin Zhevago for questioning as a suspect. "You have to appear on September 27, 2019 at 11.00 ... for... questioning as a suspect," it said in a summons, published of the prosecutor... 

TFR to start yearly iron-ore line shutdown on September 26 

By: Simone Liedtke     23rd September 2019 The yearly shutdown of State-owned Transnet Freight Rail’s iron-ore rail line is planned to start on September 26 and end on October 5. The maintenance window presents an opportunity for the entity to catch up on maintenance backlogs, such as replacing old and obsolete infrastructure, while... 

Gerald Group unit to suspend iron-ore mining in Sierra Leone

By: Reuters     20th September 2019 SL Mining, a subsidiary of US commodity trader Gerald Group, will suspend iron-ore mining operations in Sierra Leone over a dispute with the government about royalty payments, a company letter seen by Reuters showed on Friday. SL Mining filed for arbitration last month in an international court... 

Anglo has the metals to meet the world’s new demands

By: Martin Creamer     20th September 2019 The metals and minerals that Anglo American mines enable a cleaner, more electrified world to meet the fast growing consumer-driven demands of the world’s developed and maturing economies, says Anglo American executive head of market development Benny Oeyen. Copper, nickel, iron ore and platinum... 

India’s SAIL permitted free merchant sale of iron-ore from its captive mines

By: Ajoy K Das     18th September 2019 India’s Mines Ministry on Tuesday permitted State-run steel producer, Steel Authority of India Limited (SAIL), to sell 25% of the iron-ore it produced in the previous year from its captive mines on the open market. The move by the Mines Ministry is aimed at alleviating iron-ore shortages at... 

Afrimat's interim earnings to increase

By: Creamer Media Reporter      18th September 2019 African construction materials and industrial minerals supplier Afrimat expects its earnings per share (EPS) for the six months to August 31 to increase by between 80% and 100% to between 168.5c and 187.2c, compared with the EPS of 93.6c reported for the six months to August 31, 2018. Headline... 

Vale misled public on dangerous dams, prompting Brazil probe – source

By: Reuters     17th September 2019 Faced with public outrage after its second mining dam collapse in four years killed at least 240 people in Brazil, Vale misrepresented what it had done to shut down its riskiest dams, a review of the company's statements shows. Fabio Schvartsman, Vale's then-chief executive, said at a nationally... 

Brazil signs $2.2bn 'mega-dam' deal with Chinese miner - report

By: Reuters     16th September 2019 The Brazilian state of Minas Gerais has signed a protocol of intent with Sul Americana de Metais, a unit of Chinese miner Honbridge, for the construction of a 9.1-billion reais ($2.2-billion) mining complex, newspaper O Estado de Sao Paulo reported on Saturday. The agreement, signed on Thursday,... 

Zambia a potential market for Zim mining supplies

By: Tracy Hancock     13th September 2019 Zimbabwean companies in the mining supplies sector are being encouraged by the country’s national trade development and promotion organisation ZimTrade to take advantage of opportunities in the Zambian market. In May this year, ZimTrade conducted a market survey in Zambia, which indicated that... 

Zambia a potential market for Zim mining supplies
Photo by Bloomberg
PARTNER POTENTIAL A ZimTrade market survey identified vast opportunities in the processed foods and mining supplies sectors in Zambia

Chinese investment underpins Africa’s mining sector

By: Tracy Hancock     13th September 2019 China has played an important role in developing the mining industries of Africa’s emerging nations, such as Zambia, where the Asian country’s investment has particularly helped infrastructure development, an important precursor needed for mining, says African Mining Network chairperson Yolanda... 

Chinese investment underpins Africa’s mining sector
RESISTANCE REPORTED The resistance to Chinese-funded infrastructure developments in Zambia is no different from any other mining jurisdiction

Angola adds New York to roadshow itinerary, opens new diamond polisher

By: Rebecca Campbell     13th September 2019 The Angolan Ministry of Mineral Resources and Petroleum has announced that the public bidding process for five minerals concessions, being offered to local and international investors, will be opened on October 7. Previously, it had been expected that the bidding period would run from September... 

South African mining output rises for first time in nine months 

By: Bloomberg     12th September 2019 South African mining output increased for the first time in nine months in July as coal and iron-ore production surged. Mining production rose 2.4% from a year earlier compared with a revised 4.1% decline in June, Pretoria-based Statistics South Africa said in a report on its website Thursday.... 

Global mining panel looks to boost accountability after Brazil disaster

By: Reuters     12th September 2019 New safety standards being drawn up by a global mining industry panel will include rules to better define management accountability after Vale's January tailings dam disaster, a top industry official said on Wednesday. The governance standards would help ensure independent reviews of dams and... 

Global mining panel looks to boost accountability after Brazil disaster
International Council on Mining and Metals Tom Butler

Brazil Kazakh-backed mining startup in talks with JV partners

By: Reuters     11th September 2019 A Brazilian iron-ore startup backed by a Kazakh mining company is in talks with several potential joint venture partners who would help finance a $2.6-billion mine project, its CEO said on Tuesday. Bamin, backed by unlisted global mining and metals group Eurasian Resources Group, is talking to a... 

Friedland’s HPX to acquire stake in Guinea iron-ore mine 

By: Simone Liedtke     6th September 2019 Mineral exploration company High Power Exploration (HPX), which is headed up by chairperson and CEO Robert Friedland, has received consent from the Guinea government to acquire the 95% interest in the Nimba iron-ore deposit currently held by BHP, Newmont Goldcorp and Orano. The Nimba deposit is... 

Friedland’s HPX to acquire stake in Guinea iron-ore mine
Photo by Bloomberg
Robert Friedland

Fortescue raises $600m to fund debt

By: Esmarie Iannucci     6th September 2019 Iron-ore major Fortescue Metals has completed a $600-million bond offering that will be used to partially repay its $1.4-billion of outstanding debt, due in 2022. The miner raised the capital through the issue of senior unsecured notes at an interest rate of 4.5%, maturing in September 2027. 

Angola is presenting mineral concessions in international centres

By: Rebecca Campbell     6th September 2019 The Angolan Government is currently engaged in an international roadshow to showcase mineral concessions that the country will make available to local and foreign investors. The roadshow started with a presentation in Luanda on August 27, with the second presentation to be held in Dubai on... 

Assore achieves third consecutive earnings record

By: Natasha Odendaal     5th September 2019 JSE-listed Assore has achieved record attributable earnings for the third consecutive financial year, as iron-ore prices increased and the rand:dollar exchange rate weakened. The group on Thursday posted a 25% year-on-year increase in headline earnings to a record of R6.4-billion for the 12... 

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