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Rio Tinto cuts iron-ore guidance after challenging start to 2019

By: Mariaan Webb     16th April 2019 The year has started with “several challenges” for diversified mining group Rio Tinto’s iron-ore business, resulting in the major downgrading its guidance for 2019. Pilbara shipments are now expected to be between 333-million and 343-million tonnes for the year, compared with the previous... 

Gold Fields declares maiden reserve at Salares Norte, targets first gold in 2023 

By: Marleny Arnoldi     10th April 2019 Gold Fields earlier this year completed a definitive feasibility study (DFS) on its Salares Norte project, in Chile, South America, which enabled the company to declare a maiden reserve for the project. The company started exploration on the prospect in March 2011, with drilling to date... 

Profitable coal trade beckons buyers brave enough to test China

By: Bloomberg     5th April 2019 Its high quality and the price is a bargain, but the risk may be too great for Chinese buyers looking for a quick profit. Newcastle thermal coal prices have lost almost $20 a ton, or almost 19 percent, since early March, making supplies from Australia cheaper than Chinese domestic grades for the... 

South Africa well positioned to have the best of both carbon worlds for decades to come

By: Martin Creamer     5th April 2019 South Africa is in the good position of having a promising coal export outlook as well as superior sun and prime wind to bolster its renewable energy prospects. South Africa is in a relatively unrivalled position to simultaneously come off coal gradually over decades and to come on to renewable... 

World's largest iron-ore port expects more exports post Vale

By: Bloomberg     4th April 2019 With a market facing a global deficit that was unforeseen at the start of the year, the world’s biggest iron ore export port is flagging a timely boost in shipments as Fortescue Metals Group and rivals bring on new mines in Australia’s remote Pilbara region. The projected shortfall comes in the... 

Iron-ore thunders higher as mine dams closed, exports collapse

By: Bloomberg     3rd April 2019 Iron-ore’s supply-driven rally picked up pace on Wednesday, with futures topping $90 a ton, amid increasing concern the crisis at Brazil’s Vale will be drawn out as regulators ordered dozens of dams to be shut. Futures for benchmark material rallied as much as 4.1% in Singapore, while spot ore... 

Resources have helped Australia return to Budget surplus

By: Esmarie Iannucci     3rd April 2019 The resources sector has assisted in pushing the federal government back into black, with Finance Minister Mathias Cormann on Tuesday reporting a surplus of A$7.1-billion. Cormann furthermore predicted a surplus of A$11-billion for 2020/21, a A$17.8-billion surplus for 2021/22 and a... 

Under Mantashe, SA mining’s narrative changes to ‘something approaching positive’ 

By: Natasha Odendaal     29th March 2019 Stability, policy and regulatory certainty and rebuilding trust have been key themes in Mineral Resources Minister Gwede Mantashe’s first year in office. Taking the reins on February 27, 2018, of a government department overseeing one of the most difficult and fragmented industries in South... 

Under Mantashe, SA mining’s narrative changes from ‘completely negative’ to ‘something approaching positive’

By: Natasha Odendaal     29th March 2019 Stability, policy and regulatory certainty and rebuilding trust have been key themes in Mineral Resources Minister Gwede Mantashe’s first year in office. Taking the reins on February 27, 2018, of a government department overseeing one of the most difficult and fragmented industries in South... 

Dalian iron-ore slides as Australian miners resume operations

By: Reuters     26th March 2019 Dalian iron ore closed lower on Tuesday after major iron ore miners in Australia resumed some operations after cyclones, easing concerns over tight supply of the steel-making ingredient. Rio Tinto said that staff were returning to its iron ore ports and rail operations in Western Australian,... 

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