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Iron Ore News

Rising demand for separation compound 

By: Halima Frost     3rd December 2021 Since the partnership between global chemicals producer 2M Holdings and speciality materials company Celanese, established in 2014, demand for its methyl isobutyl carbinol (MIBC) compound, used to separate copper from ore, has grown substantially in the Central Africa region. 2M Holdings South... 

Use renewables to cut carbon and create hydrogen, use hydrogen to cut diesel – Cutifani   

By: Martin Creamer     2nd December 2021 Use renewables to cut carbon and create hydrogen, and then use the hydrogen that has been created to replace diesel. Anglo American CE Mark Cutifani proposed this climate blueprint while also outlining his London- and Johannesburg-listed mining company’s entry into crop nutrients that can free up... 

Creamer Media screenshot during GlobeScan climate webinar
GlobeScan climate event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Beowulf stock rises on ‘positive’ comments by Swedish PM

By: Creamer Media Reporter      1st December 2021 Mineral exploration and development company Beowulf’s share price rose by 20% in London on Wednesday on “positive” comments from the new Swedish Prime Minister about the need for new mines in the country. In a statement addressing its share price movement, Beowulf said its stock was up because... 

Jupiter actively reviewing company’s strategy, implementing search for new chair, CEO

By: Simone Liedtke     1st December 2021 Shareholder representative of AMCI Group Hans Mende has stepped down as director of ASX-listed Jupiter Mines and will be succeeded by AMCI Australia MD Patrick Murphy. As an owner of AMCI, and a longstanding shareholder in the company, Mende has assured 

Vale cuts top of forecast 2021 iron-ore production range

By: Reuters     30th November 2021 Brazilian miner Vale on Monday lowered the ceiling for its 2021 iron-ore production outlook to 320-million tonnes from a previous estimate of 335-million tonnes, while leaving the lower end of the forecast range at 315-million tonnes. The company also said in a securities filing and during a... 

Vale expects iron-ore prices to rise after Winter Olympics

By: Reuters     30th November 2021 Mining company Vale believes iron-ore prices will increase after the Winter Olympics in China scheduled for February as Beijing is likely to allow more steel producers to regain production capacity. China's government has been asking plants in several sectors, including steel, to reduce... 

MRL partners with Gina Rinehart on iron-ore export facility

By: Esmarie Iannucci     29th November 2021 ASX-listed Mineral Resources (MRL) has entered into an agreement with Gina Rinehart’s Hancock Prospecting and Roy Hill Holdings to jointly investigate the development of a new iron-ore export facility at the Port of Port Hedland’s Stanley Point Berth 3. Under the terms of the agreement, Roy Hill... 

Law firm creates outsourced compliance solution for mining industry 

By: Martin Creamer     25th November 2021 A specialist mining law firm, which prefers people to paper, has created an outsourced compliance solution for Africa’s mining industry. NSDV will not simply rely on the paper trail when a client calls with an issue, but instead phone, WhatsApp, or drive there and chat to the officials. 

NSDV supplied picture
NSDV director and co-founder Lili Nupen

Vale mulls iron-ore increase that would trail some estimates

By: Bloomberg     24th November 2021 Vale expects to lift iron-ore output next year, albeit at a slower rate than some analysts are estimating, which may add further volatility to prices for the steel making ingredient after a roller-coaster year. Management of the world’s No. 2 producer plans to seek board approval Thursday for... 

Image of iron ore piles

Atlas reports massive revenues for 2020

By: Esmarie Iannucci     24th November 2021 Iron-ore miner Atlas Iron has reported revenues of A$1.7-billion in the 2020 financial year ended June, as sales increased to 9.7-million tonnes from the 9.1-million tonnes reported in 2020. Revenue for the 2021 financial year was 66% higher than the previous corresponding period, driven by... 

Greenland strips Chinese mining firm of licence to iron-ore deposit

By: Reuters     22nd November 2021 Greenland said on Monday it has stripped a Chinese mining company of its licence to an iron-ore deposit near the capital Nuuk, dealing a blow to attempts by Chinese companies to gain a foothold on the resource-rich Arctic island. General Nice, a Chinese coal and iron-ore importer, took control... 

Vale courts Latin steel mills again as China infatuation fades

By: Bloomberg     18th November 2021 Like its iron-ore rivals, Vale has understandably been obsessed with Chinese demand over the past two decades. Now the Brazilian miner is taking a fresh look in its own backyard. That’s because China is tapping the brakes on steelmaking in a bid to contain pollution and energy consumption. And... 

Expect to be unemployed from age 40, Miller warns graduates entering mining   

By: Martin Creamer     15th November 2021 Because of the collapse of investment in greenfields exploration in South Africa, any mining graduate entering the profession today can expect to be unemployed from the age of 40, said AmaranthCX director and founder Paul Miller on Monday, when he pointed out that South Africa is now at an... 

Provided by Paul Miller
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer

Mt Bevan JV makes room for Hancock

By: Esmarie Iannucci     15th November 2021 Joint venture (JV) partners Legacy Iron Ore and Hawthorn Resources has struck a deal with a subsidiary of Hancock Prospecting to earn into the Mt Bevan iron-ore project, in Western Australia. The project is currently a JV between Legacy and Hawthorn, with Legacy holding a 60% interest while... 

Mineral exploration should be incentivised, says IDC’s Thabiso Sekano  

By: Martin Creamer     12th November 2021 Mineral exploration should be incentivised so that South Africa’s great mineral endowment can be optimally leveraged to lower unemployment, improve export revenues, and strengthen this country’s gross domestic product (GDP). That is the view of Industrial Development Corporation (IDC) mining,... 

Creamer Media screenshot of IDC head Thabiso Sekano
IDC Mining Metals Beneficiation Head interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer

Calix unveils green iron and steel technology

By: Esmarie Iannucci     12th November 2021 ASX-listed technology company Calix has filed a patent for zero emissions iron and steel production. The Zero Emissions Steel Technology (Zesty) process involves the use of Calix’s core kiln technology to reduce iron-ore to iron in a hydrogen atmosphere at temperatures considerably lower than... 

Godongwana describes commodity windfall as temporary as he holds consolidation line 

By: Terence Creamer     11th November 2021 Finance Minister Enoch Godongwana indicated on Thursday that government regarded the revenue windfall that had arisen as a result of higher commodity prices as temporary and confirmed that fiscal consolidation would, thus, be sustained to reduce the Budget deficit and stabilise the national debt.... 

Finance Minister Enoch Godongwana
Photo by Reuters
Finance Minister Enoch Godongwana

30Mt/y Nimba iron project viable; rail access agreements still under negotiation

By: Mariaan Webb     11th November 2021 Privately-owned High Power Exploration (HPX), founded by mining entrepreneur Robert Friedland, has announced positive prefeasibility study (PFS) findings for the Nimba iron-ore project – a proposed mine, rail and port development to export up to 30-million tons a year of direct shipping ore from... 

An image of iron ore

Minerals Council backs Eskom leadership, urges govt to cut procurement red tape

By: Martin Creamer     10th November 2021 Minerals Council South Africa on Wednesday supported the Eskom leadership team in its efforts to stabilise South Africa’s electricity supply and urged government to focus on shortening the bureaucratic processes hindering Eskom’s ability to procure urgently required spares for power stations and... 

Supplied picture
Minerals Council South Africa CEO Roger Baxter

Saldanha iron-ore terminal's air emissions licence renewed for five years

By: Schalk Burger     10th November 2021 The West Coast district municipality, in the Western Cape, has issued a five-year air emissions licence to the Saldanha Iron Ore Terminal. The terminal handled more than 54-million tonnes of iron-ore in the financial year ended March 31. It is Africa's largest iron-ore export terminal, with a... 

The Saldanha Bay iron-ore export terminal

Iron-ore gloom deepens as China property woes threaten demand

By: Bloomberg     10th November 2021 Iron-ore sank to a fresh 18-month low as debt troubles in China’s real-estate market deal blow after blow to prospects for steel demand. The steelmaking material is suffering amid prolonged turbulence in China’s property sector that’s subduing construction activity. Fears over the real estate... 

Iron-ore gloom deepens as China property woes threaten demand

Fitch Solutions lowers short-term iron-ore price forecast

By: Donna Slater     9th November 2021 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) has lowered its short-term iron-ore price forecast for this year and 2022 to an average of $155/t and $90/t, respectively. The firm previously forecasted iron-ore prices... 

Fortescue unveils green investment framework

By: Esmarie Iannucci     9th November 2021 Iron-ore major Fortescue Metals this week launched its Sustainability Financing Framework, enabling the future issuance of green and social debt instruments that will support investments in eligible green and social projects. The miner said this week that the framework seeks to mobilise... 

Australia resource exports on track for record year - ABS

By: Esmarie Iannucci     5th November 2021 Australia’s resources and energy sector is on target for another record year of exports, new data from the Australian Bureau of Statistics (ABS) has shown, while confirming the sector’s status as a cornerstone of Australia’s economy. Minister for Resources and Water Keith Pitt said the ABS’... 

Image shows ship loader at Port Hedland

Mining modernisation to benefit junior miners, exploration in South Africa 

By: Schalk Burger     4th November 2021 The development and applications of technologies and techniques in mining to make it safer, more productive and more efficient are benefiting junior miners and adding tools and capabilities to stimulate minerals exploration in South Africa, mining and technology experts said on November 4. During... 

Afrimat posts strong interim results, with all segments contributing positively to growth  

By: Marleny Arnoldi     4th November 2021 Midtier openpit miner Afrimat has confirmed it is in a healthy financial position and able to accelerate growth, after delivering a ‘pleasing’ performance in the six months ended August 31. The group posted an operating profit of R582-million, up 65% on the R353-million operating profit... 

Afrimat Cape Lime operation
Afrimat's executive team unpacks the group's interim performance

South African Duncan Wanblad to succeed Mark Cutifani as Anglo CE 

By: Martin Creamer     3rd November 2021 Diversified mining company Anglo American on Wednesday announced the appointment of Duncan Wanblad as chief executive with effect from the company’s annual general meeting (AGM) on April 19 next year – and has also spelt out details of Wanblad’s upcoming remuneration package in considerable... 

A picture of Wanblad supplied by Anglo
South African Duncan Wanblad, who takes over as CE of Anglo American on April 19.

Rio CEO says zero emissions path might not be clear until 2030

By: Bloomberg     2nd November 2021 The CEO of Rio Tinto Group, the world’s biggest iron-ore miner, said it might take until the end of this decade before the company has a clear view on how it will become fully carbon neutral. Rio Tinto’s Jakob Stausholm last month laid out plans to spend $7.5-billion to decarbonise its assets... 

An image of Rio Tinto CEO Jakob Stausholm
Rio Tinto CEO Jakob Stausholm

Iron-ore tumbles as world’s biggest steel producer cuts output

By: Bloomberg     2nd November 2021 Iron-ore futures extended losses below $100/t on expectations China’s steel output dropped last month. Prices in Singapore tumbled for a fifth day as the world’s top steelmaker ramped up efforts to cap annual volumes. That’s seen iron-ore inventories at China’s ports expand to the highest since... 

Iron-ore tumbles as world’s biggest steel producer cuts output

Anglo to transition to green hydrogen mine fleet over decade – Cutifani 

By: Martin Creamer     2nd November 2021 Diversified mining company Anglo American, which is piloting the world’s biggest green hydrogen-powered haulage vehicle, is planning to replace its global truck fleet of 400 diesel trucks with hydrogen trucks over a ten-year period from about 2024. Introducing hydrogen mobility on its mines will... 

Creamer Media screenshot
Anglo American’s hydrogen truck with hydrogen production and refuelling system shown top right.

Anglo can uplift livelihoods of many thousands, sustainability attendees hear

By: Martin Creamer     2nd November 2021 Diversified mining company Anglo American can uplift the livelihoods of many thousands of people living around its communities in South Africa and support many jobs through its sustainability projects, attendees of Anglo’s second 2021 sustainability update were told. The London- and... 

Creamer Media screenshot
Photo by Creamer Media
Anglo American responsible business partnerships head Jon Samuel

Anglo to use underground mine water to generate electricity   

By: Martin Creamer     2nd November 2021 Diversified mining company Anglo American is planning to use water in its underground mines as batteries. The water will be pumped up when operations have excess renewable power and allowed to run back down when electricity is needed. 

Creamer Media screenshot
Photo by Creamer Media
From top left clockwise are Mark Cutifani, Jon Samuel, Stephen Pearce and Zahira Quatrocchi.

WA investigates green steel options

By: Esmarie Iannucci     1st November 2021 The Western Australian government will investigate the viability of sustainably processing iron-ore to green steel, or the inputs necessary to create green steel. The state government has committed A$1-million to the investigation, with the Minerals Research Institute of Western Australia having... 

Anglo American sets ambition to halve Scope 3 emissions by 2040 

By: Martin Creamer     29th October 2021 Diversified mining company Anglo American on Friday published its Climate Change Report 2021, ahead of its six-monthly sustainability performance update. The update includes Anglo’s progress towards its target of carbon neutral operations (Scopes 1 & 2) by 2040 and its ambition to reduce its... 

Creamer Media picture
Photo by Creamer Media
Anglo American CE Mark Cutifani

Vale earnings disappoint with rising costs adding to iron rout

By: Bloomberg     29th October 2021 Vale reported lower-than-expected earnings as the world’s No. 2 iron-ore producer grappled with a pullback in prices of the steelmaking ingredient at a time of rising energy and transport costs. Adjusted earnings before items came in at $6.94-billion in the third quarter, the Rio de... 

Vale earnings disappoint with rising costs adding to iron rout

Rio and BlueScope look at low-carbon steel

By: Esmarie Iannucci     29th October 2021 Diversified miner Rio Tinto and steel producer BlueScope will join forces to explore low-carbon steelmaking pathways using Pilbara iron ores, including the use of clean hydrogen to replace coking coal at BlueScope’s Port Kembla Steelworks. 

Image shows iron-ore operations in the Pilbara

Vale receives notice from US SEC ahead of potential probe

By: Reuters     28th October 2021 Brazilian miner Vale said on Thursday it has received a formal notice from the US Securities and Exchange Commission (SEC) regarding a potential probe of the company. The SEC investigation would try to find evidence of "misconduct" related to public disclosures after a dam disaster in the town... 

Fortescue posts solid start to FY22

By: Esmarie Iannucci     28th October 2021 Iron-ore major Fortescue Metals has reported a 3% increase in iron-ore shipments for the first quarter ended September, compared with the previous corresponding period, marking a record first quarter shipments. Shipments for the three months to September reached 45.6-million tonnes, with... 

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