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Press Office - SPH Kundalila Iron-Ore

SPH Kundalila Iron-Ore

SPH is a materials handling company, operating in the surface mining industry. Its services include mobile crushing and screening, bulk earthworks, plant hire, haul road construction, rehabilitation and maintenance. The company is focussed on safety and reliability, and believes in value-add through efficiency. SPH is a full subsidiary of the Raubex Group Ltd, a JSE listed company.

Topic

SMB-Winning aims to bring Guinea's Simandou iron ore to market in 2025

By: Reuters     16th October 2020 China-backed consortium SMB-Winning aims to bring blocks 1 and 2 of Guinea's massive Simandou iron-ore deposit into production by 2025, chairmperson Fadi Wazni said on Friday, a tight timetable for a huge mine and infrastructure project. The consortium - which includes Société Minière de Boké... 

Transnet shuts down Saldanha iron-ore terminal for maintenance

By: Marleny Arnoldi     16th October 2020 Coinciding with Transnet Freight Rail’s ten-day shutdown of its iron-ore rail corridor for maintenance, Transnet Port Terminals has also shut down the Saldanha Iron Ore Terminal, on October 16. The terminal’s shutdown forms part of the port authority’s annual maintenance plan for mechanical,... 

Aboriginal group says Fortescue withholds royalties on mining leases

By: Reuters     13th October 2020 An Australian Aboriginal group said on Tuesday that Fortescue Metals is withholding nearly A$2-million in royalty payments until it signs off on mining leases that cover areas containing many sacred sites. The country of the Eastern Guruma, or Wintawari Guruma, people is one of the most heavily... 

China bans Australian coal imports as political relations sour

By: Bloomberg     12th October 2020 China has suspended purchases of Australian coal, according to people familiar with the order, as Beijing continues to tightly control imports of the fuel amid soured political relations with Canberra. Chinese power stations and steel mills have been verbally told to immediately stop using... 

Weekly Coal Index Report

5th October 2020 RB1 spot prices played catch-up as the October rollover took place, although the back end of the curve is distinctly flatter than before, indicating the lack of conviction around future prices. While the coal price seems almost immune to the prevailing negative sentiment, the Trafigura (a... 

Cleveland-Cliffs CEO says focus after ArcelorMittal deal is emissions

By: Bloomberg     29th September 2020 The head of Cleveland-Cliffs sees an “era of clean steel” ahead, and its main focus will be on cutting carbon emissions as it expands production of the metal with a second major acquisition this year. Cliffs, which on Monday said it will purchase the US operations of ArcelorMittal for... 

Iron-ore extends gains as Vale halts Viga plant operations

By: Reuters     29th September 2020 Iron-ore futures rose on Tuesday after miner Vale said it was suspending operations at a concentration plant in Brazil, though trading was subdued as market activity winds down ahead of China's October 1-8 National Day holidays. The steelmaking ingredient's most-traded January 2021 contract on... 

Aboriginal group says Rio Tinto ignored pleas to save sacred cave from blast

By: Reuters     25th September 2020 Rio Tinto ignored repeated requests from traditional owners for sacred Australian rockshelters to be protected in the months before the site was blasted during a mine expansion, an Indigenous group said on Friday. The world’s biggest iron ore miner in May destroyed the two caves in Western... 

Iron-ore confronts ‘turning point’ as futures battered yet again

By: Bloomberg     17th September 2020 Iron-ore is taking a beating amid mounting signals the tightness in the seaborne market that hoisted prices to multiyear highs is easing as leading miners boost shipments and stockpiles in China swell. “It’s now a turning point,” said Ban Peng, an analyst at Maike Futures Co. “Recent exports... 

Fortescue says it won't consider heritage resolution at AGM

By: Reuters     15th September 2020 Fortescue Metals Group said on Tuesday it will not consider a shareholder resolution at its annual general meeting that called on the iron-ore miner to halt activities that could damage Aboriginal cultural heritage sites. The move comes on the heels of growing scrutiny on resource projects in... 

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