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Press Office - Weba Chute Systems & Solutions

Rhodes Ridge has 100Mt/y hub potential, says Rio Tinto
Rhodes Ridge has 100Mt/y hub potential, says Rio Tinto
Updated 4 hours ago By: Creamer Media Reporter

The Rhodes Ridge project, considered to be one of the world’s best undeveloped iron-ore deposits, is progressing to a prefeasibility study (PFS), with Rio Tinto approving A$110-million to advance... 


China's economic growth is forecast to slow to 4.7% in 2024, compared with 5.2% this year.
BMI unpacks key mining, metal trends forecast for 2024
4th December 2023 By: Marleny Arnoldi

Research agency BMI expects only a slight improvement to mineral and metals prices next year owing to continued weak demand in mainland China and overall global growth deceleration. Global growth... 


Sishen mine team with Kathu Councillor Henriette Du Plessis at newly upgraded road
Miner Kumba resurfaces road in Kathu-Gamagara
30th November 2023 By: Darren Parker

As part of its social labour plan commitments, iron-ore mining company Kumba Iron Ore’s Sishen mine has undertaken a road resurfacing project, upgrading three major roads in the Kathu-Gamagara... 


Saudi Arabia studies graphite, rare earths trading platform - minister
30th November 2023 By: Reuters

Saudi Arabia is exploring the potential launch of a new commodity trading platform for battery materials, including graphite and rare earths, its vice minister of industry and mineral resources... 


Champion Iron bolsters liquidity for growth opportunities
30th November 2023 By: Mariaan Webb

Quebec Iron Ore (QIO), a subsidiary of TSX- and ASX-listed Champion Iron, has completed a $230-million term-loan financing facility, significantly increasing its available liquidity to support... 


Exxaro widens critical metals search to greenfield assets
29th November 2023 By: Reuters

Exxaro Resources is expanding its search for critical mineral assets to greenfield projects, the miner said on Wednesday, as it pursues its strategy to diversify away from coal. Exxaro, one of... 


Exxaro's Grootegeluk operation
Exxaro expects lower full-year volumes, but stable demand
29th November 2023 By: Marleny Arnoldi

Diversified mining and renewable energy group Exxaro Resources says seaborne thermal coal prices have remained under pressure for most of the year, owing to weak demand in Europe and Northeast... 


Iron-ore poised to hit $150 in 2024 on Chinese stimulus, analysts say
Iron-ore poised to hit $150 in 2024 on Chinese stimulus, analysts say
29th November 2023 By: Reuters

Seaborne iron-ore prices are set to climb to as much as $150 per ton in the first half of 2024, according to analysts who have lifted their estimates on expectations of increased demand in China... 


ArcelorMittal South Africa CEO Kobus Verster
ArcelorMittal SA CEO sees no way of avoiding longs closure, says wind down to start in Jan
28th November 2023 By: Terence Creamer

ArcelorMittal South Africa CEO Kobus Verster believes there is no immediate prospect of addressing the structural issues undermining the financial viability of the group’s long-products business... 


Tanzania plans new $5.6bn rail line to iron-ore, coal-rich area
28th November 2023 By: Bloomberg

Tanzania is seeking $5.6-billion for a new railway in the south linking the Indian Ocean to Lake Nyasa and traversing regions rich in iron-ore, coal and graphite. The East African nation is looking... 


The Newcastle Works
3 500 jobs at risk as ArcelorMittal mulls closure of longs units at Newcastle, Vereeniging
28th November 2023 By: Terence Creamer

Steel producer ArcelorMittal South Africa has indicated that it may close its long-products business, which could result in the loss of 3 500 direct and contractor jobs at its Newcastle and... 


Iron-ore falls as China warns of more supervision to curb prices
Iron-ore falls as China warns of more supervision to curb prices
27th November 2023 By: Bloomberg

Iron-ore declined after its longest streak of weekly gains since January, hit by Beijing’s latest warnings about increased market supervision as its seeks to curb price rises. The steelmaking... 


IGO backs incoming CEO Vella after Rio Tinto exit
IGO backs incoming CEO Vella after Rio Tinto exit
27th November 2023 By: Reuters

Australia's IGO has confirmed that Ivan Vella will head the battery minerals producer this month after he was fired from Rio Tinto last month for a breach of protocol in handling confidential... 


NextSource appoints interim COO
27th November 2023 By: Creamer Media Reporter

Battery metals development company NextSource Materials, which is developing the Molo graphite project, in Madagascar, has appointed Johnny Velloza as interim COO as successor to Robin Borley, who... 


De Beers donates former diamond sorting and sales office in Kimberley to Sol Plaatje University
De Beers donates former diamond sorting and sales office in Kimberley to Sol Plaatje University
24th November 2023

De Beers Group today announced that it is donating the Harry Oppenheimer House (HOH) building in Kimberley to the Sol Plaatje University following the January 2023 relocation of De Beers’... 


An image showing the Harry Oppenheimer House building
De Beers donates building to Sol Plaatje University in Kimberley
24th November 2023 By: Tasneem Bulbulia

Diamond producer De Beers Group will donate the Harry Oppenheimer House (HOH) building, in Kimberley, to the Sol Plaatje University following the January relocation of De Beers’ Sightholder Sales... 


BMI raises 2024 iron-ore price forecast, but long-term decline persists
24th November 2023 By: Tasneem Bulbulia

Fitch Solutions unit BMI has raised its 2024 iron-ore price forecast to a yearly average of $120/t from $100/t previously, as price resilience continues on the back of positive sentiment over... 


Iron-ore eyes fifth weekly gain despite China intervention
24th November 2023 By: Reuters

Iron-ore futures erased earlier losses and are set for their fifth weekly gain on Friday as property support-led optimism in top consumer China outweighed headwinds from the latest intervention... 


MinRes picks up iron-ore rights near Carina mine
MinRes picks up iron-ore rights near Carina mine
24th November 2023 By: Mariaan Webb

Diversified mining company Mineral Resources (MinRes) is buying more rights near its Carina iron-ore mine in the Yilgarn Hub of Western Australia’s Goldfields, fellow ASX-listed Aurumin reported on... 


The EU flag
Opinion: R47bn of South Africa's exports exposed to EU CBAM as EU climate wave reaches South Africa’s shores
24th November 2023

In this opinion article, sustainability consultant Rhys Newton-Hill and Brundtland Consulting partner Henk Sa provide an in-depth analysis of the potential impact of the European Union's (EU's)... 


Union withdraws industrial action at BHP's Pilbara iron-ore operations
Union withdraws industrial action at BHP's Pilbara iron-ore operations
24th November 2023 By: Reuters

A union representing train drivers at BHP's BHP.AX Pilbara iron ore operations in Western Australia has withdrawn industrial action ahead of an updated employment offer from the mining giant, a... 


China to tighten oversight on iron-ore market after price rally
23rd November 2023 By: Reuters

China's state planner said on Thursday that it would closely monitor changes in the iron-ore market and further tighten supervision of spot and futures trading in its latest effort to curb a rally... 


Access to talent is becoming an increasing challenge in Australia.
Australia's potential share of critical minerals investments worth A$20bn/y, report shows
22nd November 2023 By: Mariaan Webb

To meet the temperature targets of the Paris Agreement necessitates not only the rapid and widespread deployment of clean energy technologies, but also a monumental scaling up of mineral... 


Iron-ore soars to nine-month high on China stimulus anticipation
21st November 2023 By: Bloomberg

Iron-ore surged to its highest intraday price since February, with demand optimism growing as more details emerge about China’s latest economic stimulus drive. The steel-making staple rose as much... 


Former CEO Elizabeth Gaines received a special remuneration payment of A$1.98-billion.
Fortescue's shareholders vote against remuneration report
21st November 2023 By: Reuters

Australia's Fortescue said shareholders did not approve its annual remuneration report, partly due to special payments to executives last year, in a vote at an annual meeting on Tuesday. The board... 


The Gladstone PEM50 project will use Fortescue's own electrolyser technology.
Fortescue approves $750m in green projects
21st November 2023 By: Mariaan Webb

Australia-based Fortescue Metals has given the green light for $750-million in funding over three years directed towards two green energy projects and a green steel project. This heralds a new... 


Liberia's President-elect Boakai to review mining concessions
20th November 2023 By: Reuters

Liberian President-elect Joseph Boakai, who defeated President George Weah in the November 14 Presidential runoff, says his administration will take a close look at mining concessions to ensure... 


BHP train drivers to start 'restrained' industrial action on Friday
BHP train drivers to start 'restrained' industrial action on Friday
20th November 2023 By: Reuters

Around 400 train drivers for BHP's Western Australian iron ore division will begin industrial action late this week after rejecting an offer that they said fell short on working schedules, a union... 


Anglo American on the lookout for lithium as EV metals demand grows
Anglo American on the lookout for lithium as EV metals demand grows
17th November 2023 By: Reuters

Miner Anglo American is identifying opportunities to secure off-take lithium materials amid increasing demand for battery metals, a company executive said. Lithium is a key metal used in electric... 


EXPORT IMPACT
Challenges have affected South African iron-ore producers over the past two years with lower-than-expected export volumes
Opportunities unlocked through addressing fundamentals
17th November 2023

While it is home to several significant iron-ore producers, amid the opportunities within the African iron-ore industry there are also significant challenges, as all bulk material operations... 


EMERGENCY DRILL
The swift and effective response of emergency services is critical to safeguarding communities
Miner ups community investment
17th November 2023

As part of its several corporate social investment (CSI) initiatives, iron-ore major Kumba Iron Ore's Sishen mine, in South Africa’s Northern Cape province, celebrated Arbor Month by initiating a... 


Pellet production record set
17th November 2023

Brazilian iron-ore miner and pellet producer Samarco Mineração set a monthly production record during August, with 824 829 t of high-grade pellets being produced in a single pelletising line with... 


Truck image
Mind The Gap
16th November 2023

Written by: Jaco Lotheringen MD of Ukwazi A well-known fact about mining businesses is that they are highly susceptible to the cyclical environment of the supply of, and demand for commodities –... 


Mineral Resources set for significant lithium growth - exec
Mineral Resources set for significant lithium growth - exec
16th November 2023 By: Reuters

Diversified miner Mineral Resources expects to double lithium output in Western Australia over the next financial year after lithium buyouts and due to planned expansion at a mine it co-owns with... 


Iron-ore hits $130 for first time since March on China stimulus
15th November 2023 By: Bloomberg

Iron-ore futures in Singapore touched $130 a ton for the first time since March on improving demand for steel in China, which is considering a new wave of stimulus to shore up the struggling... 


Anglo American subsidiary Kumba Iron Ore's Kolomela operation
Anglo launches digital traceability solution Valutrax for base metals, iron-ore
14th November 2023 By: Marleny Arnoldi

Diversified miner Anglo American has launched a digital traceability solution called Valutrax, which is designed to provide customers with greater assurance about the provenance of the products... 


Image of blast furnace
Port of Açu Mega Hub, Brazil
10th November 2023 By: Sheila Barradas

Vale plans to use HBI as partial burden in blast-furnaces, reducing greenhouse-gas emissions. 


A manganese mining operation in South Africa
South Africa's mining production down 1.9% y/y, mineral sales down 20.2% y/y in Sept
9th November 2023 By: Creamer Media Reporter

South Africa's mining production decreased by 1.9% year-on-year in September, with diamonds, 'other' metallic minerals and manganese ore having made the largest negative contributions. Diamond... 


Forrest wants leaders to target zero carbon by 2035
8th November 2023 By: Bloomberg

Australia’s richest person, Andrew Forrest, called for government and business leaders to commit to stop burning fossil fuels by 2035. “We have all the technology, it is all there,” Forrest,... 


China’s State-backed iron-ore giant says prices are too high
China’s State-backed iron-ore giant says prices are too high
8th November 2023 By: Bloomberg

Iron-ore has reached “unreasonable” levels that are hurting Chinese steel mills, according to China Mineral Resources Group, the state-backed firm trying to boost Beijing’s sway over prices.... 


Arrow Minerals MD resigns
7th November 2023 By: Creamer Media Reporter

ASX-listed Arrow Minerals on Tuesday announced the resignation of MD Hugh Bresser. Nonexecutive chairperson Tommy McKeith would assume the role of executive chairperson with immediate effect until... 


Prestrip activities at Mount Celia, Western Australia.
Legacy Iron Ore starts up Australian gold mine
7th November 2023 By: Mariaan Webb

Legacy Iron Ore, a Perth-based subsidiary of India’s National Mineral Development Corporation (NMDC), has officially opened its Mount Celia gold mine, south of Laverton, Western Australia.... 


Brookfield rushes to save A$19.4bn Origin takeover deal
3rd November 2023 By: Bloomberg

A Brookfield Asset Management Inc.-led consortium is seeking fresh talks with Origin Energy's top investor in a last ditch effort to rescue its A$19.4-billion ($12.6-billion) takeover plan for the... 


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Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

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