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Kwatani develops specialised spiral elevator in-house

22nd September 2021 Demonstrating its depth of local engineering expertise and technical capability, local vibrating screen specialist Kwatani has designed and fabricated a specialised spiral elevator for a mobile containerised sorting plant for a diamond mine in Australia. Although not the first spiral elevator be... 

Iron-ore storms past $100 as China soothes Evergrande concerns

By: Bloomberg     22nd September 2021 Iron-ore’s roller-coaster ride in 2021 shows no signs of easing, with prices ending an unprecedented slump to move sharply higher as investors monitor simmering debt troubles at China Evergrande Group. The developer’s onshore property unit said it reached an agreement with yuan bondholders on an... 

Iron-ore woes endure as Chinese steel demand faces 'last hurrah'

By: Bloomberg     21st September 2021 Iron-ore’s rollercoaster ride this year is set to end with a whimper as the contraction in China’s steel industry heralds further declines. The steelmaking ingredient was in the vanguard of this year’s commodities boom, but has plunged 60% from a record above $230 a ton in May. Curbs on steel... 

Tharisa makes lead independent director, board committee changes

By: Tasneem Bulbulia     21st September 2021 Dual-listed Tharisa on Tuesday  announced a change to its lead independent director and the composition of certain board committees.  In addition, the platinum group metals and chrome producer also announced additional senior management appointments to enhance its corporate governance, climate... 

Ferrochrome prices increase 15.4% for fourth quarter, says Merafe

By: Simone Liedtke     21st September 2021 The European benchmark ferrochrome price for the fourth quarter of 2021 has been settled at $1.80/lb, a 15.4% increase from the third quarter, JSE-listed ferrochrome producer Merafe Resources said on Tuesday. Mining Weekly last month reported that steel production had recovered to prepandemic... 

Walkabout confident of meeting development targets at Lindi Jumbo

By: Tasneem Bulbulia     20th September 2021 ASX-listed graphite developer Walkabout Resources says mine construction at its Lindi Jumbo graphite mine development, in south-eastern Tanzania, is on track. The company has started the engineering, procurement and construction (EPC) contract with Yantai Jinpeng Mining Machinery. 

Iron-ore’s rout keeps rolling as China imposes more steel curbs

By: Bloomberg     20th September 2021 Iron-ore extended its slump below $100 a ton as China stepped up restrictions on industrial activity in some provinces. Prices have collapsed about 60% since a record in May, with futures trading below three figures for the first time in more than a year, as steel production curbs hammer demand.... 

UBS hits mining giant Vale with sell rating as iron prices fall

By: Bloomberg     20th September 2021 The collapse in iron-ore prices prompted UBS Group AG to make a bearish about-face on Brazil’s Vale, the world’s second biggest producer. Analysts led by Andreas Bokkenheuser cut the company’s American depositary receipts to sell from buy, a two step drop. They said the current stock price is... 

Qld gas set to power the economy - report

By: Esmarie Iannucci     20th September 2021 An independent report commissioned by the Australian Petroleum Production and Exploration Association (Appea) has found that fully unleashing Queensland’s gas industry potential could result in a further A$30-billion in investment producing 7 000 PJ of production capacity in the Queensland oil... 

Iron-ore’s brutal collapse under $100 flags more trouble ahead 

By: Bloomberg     17th September 2021 Iron-ore sank below $100/t as China’s moves to clean up its heavy-polluting industrial sector spurred a swift and brutal collapse. Prices have more than halved since peaking in May as the world’s biggest steelmaker intensifies production curbs to meet a target for lower volumes this year, and a... 

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