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Iron-ore

Opening Junior Indaba panel (from left) Lili Nupen, Tseliso Maqubela, Errol Smart, Mosa Mabuza, Bernard Swanepoel.
Latest cadastre agreement excites South Africa’s Junior Indaba panel
Updated 5 hours ago By: Martin Creamer

There were expressions of excitement at the South Africa’s Junior Indaba on Tuesday when attendees at the important mining event learnt of the signing of the service-level agreement (SLA) for South... 


Menar MD Vuslat Bayoğlu
Menar advancing on the manganese front
21st May 2024 By: Martin Creamer

Private investment company Menar, which is advancing steadily on the manganese front, has anthracite, coal, nickel, and gold in its diversified multi-country portfolio. The company's... 


Haul trucks in operation at a West African mine
Use resources to diversify African economies, unlock sustainable growth
21st May 2024 By: Schalk Burger

A majority of African economies, or 83%, are highly commodity-dependent and are vulnerable to external shocks, experiencing good growth when commodity prices are high, but seeing growth reversal... 


The Port of Durban
Reserve Bank warns carbon taxes may cut exports by 10%
21st May 2024 By: Bloomberg

South African economic growth could be severely stunted if carbon taxes are widely imposed on its exports, according to a new report by the country’s central bank. The South African Reserve Bank... 


Lift-off for Cape Hardy green fuels project as Amp and Iron Road finalise commercial agreements
Lift-off for Cape Hardy green fuels project as Amp and Iron Road finalise commercial agreements
21st May 2024 By: Mariaan Webb

Canada-headquartered energy transition company Amp Energy has announced the development of the Cape Hardy Advanced Fuels Precinct, which entails green hydrogen, green ammonia and advanced fuel... 


A transhipper being loaded
MinRes’ Onslow Iron project surges ahead with early ore shipment to Baowu
21st May 2024 By: Mariaan Webb

Australian miner Mineral Resources (MinRes) has delivered the inaugural ore shipment from the Onslow Iron project to China Baowu Steel Group, outpacing expectations with an early arrival. The... 


Anglo's Charterhouse offices in London
Anglo shareholder LGIM supports break-up plan as BHP circles
21st May 2024 By: Bloomberg

Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to... 


China's iron-ore supply to rise by up to 10Mt in 2024, steel association says
China's iron-ore supply to rise by up to 10Mt in 2024, steel association says
20th May 2024 By: Reuters

China's domestic iron-ore concentrate output in 2024 will rise between 5-million and 10-million metric tons from the year before, its State-backed steel association said on Friday. "The key... 


BHP CEO Mike Henry
BHP debates improved bid as time runs out in Anglo takeover saga
19th May 2024 By: Bloomberg

With time running out on its $43-billion pursuit of Anglo American, BHP Group faces a critical question: what would it take to draw the smaller company to the negotiating table within the next few... 


Minerals Council South Africa CEO Mzila Mthenjane
Minerals Council, Geoscience, IDC going all out to boost South African exploration
17th May 2024 By: Martin Creamer

A collective effort was apparent on Friday when Minerals Council South Africa, the Council for Geoscience and the Industrial Development Corporation (IDC) spoke on the same platform to promote a... 


Polyhalite produced at Anglo American's Woodsmith mine
Anglo American has sought fertiliser partners for months, says CEO
17th May 2024 By: Reuters

Anglo American has been looking for partners for its fertiliser project in North Yorkshire for around six months, CE Duncan Wanblad told Reuters, reiterating the business will be one of three... 


Rio Tinto CEO Jakob Stausholm
Rio Tinto ‘not afraid’ of M&A, says Stausholm
16th May 2024 By: Mariaan Webb

Amid heightened discussions surrounding mergers and acquisitions (M&A) in the mining sector, Rio Tinto CEO Jakob Stausholm has reaffirmed the company’s readiness to pursue such ventures. However,... 


A BHP office building
BHP shareholders see room for one more sweetened Anglo bid
15th May 2024 By: Bloomberg

Shareholders in BHP Group and takeover target Anglo American expect the world’s largest miner to come back with a third and improved proposal before a regulatory deadline next week, even after the... 


Anglo American logo
Execution risk to Anglo’s restructure plan substantial – WoodMac
15th May 2024 By: Darren Parker

Mining major Anglo American has accelerated its portfolio planning in the wake of rejecting fellow mining major BHP’s second bid proposal of $42.2-billion (£34-billion), or £27.70 a share, in a... 


The 2015 dam collapse aftermath
Brazil states ask court to double what Vale, BHP should pay for dam burst
15th May 2024 By: Reuters

Two Brazilian states have asked a court to more than double the amount that miners Vale and BHP, plus a jointly owned tie-up, must pay in damages for a 2015 deadly tailings dam failure, according... 


BHP’s top Australian investor eyes restraint in battle for Anglo
BHP’s top Australian investor eyes restraint in battle for Anglo
15th May 2024 By: Bloomberg

Pension giant AustralianSuper, BHP Group’s largest Australian shareholder, said capital discipline was of “utmost importance” for the mining industry as investors weigh the heavyweight’s... 


Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took centre stage on Tuesday at a mining conference in Miami.
Anglo-BHP battle is between two CEOs fighting over same vision
15th May 2024 By: Bloomberg

As Anglo American sets out a survival plan that echoes the vision of its suitor BHP Group, the rival mining bosses are now locked in a battle to convince shareholders they are the man for the job.... 


Anglo American Platinum's Mogalakwena operation in South Africa
Investors expect BHP to lift Anglo American offer again
14th May 2024 By: Reuters

BHP is likely to sweeten its $43-billion takeover offer for Anglo American for a second time and possibly add cash, investors in both companies said on Tuesday, after the London-headquartered... 


The Waterfal smelter at Anglo American Platinum's operations in South Africa.
Analysts highlight concerns over valuation, regulatory hurdles in BHP-Anglo proposal
14th May 2024 By: Mariaan Webb

The rejection – for the second time – of BHP’s attempt to propose a deal with Anglo American underscores the concerns that continue to persist regarding value and regulatory hurdles in the proposed... 


BHP CEO Mike Henry says the group is disappointed that its second proposal has been rejected.
Anglo rejects BHP's revised £34bn proposal
13th May 2024 By: Mariaan Webb

Diversified major Anglo American has rejected a revised proposal put forward by BHP, which valued the UK-headquartered miner at about £34-billion. The structure of the revised proposal, unveiled... 


The incident occurred when an autonomous train collided with a set of stationary wagons.
Rio Tinto says a driverless iron-ore train derailed in Western Australia
13th May 2024 By: Reuters

Rio Tinto said on Monday an autonomous train had derailed at its Western Australian iron-ore operations overnight and that it was investigating the incident in which no one was hurt. The incident... 


Anglo American CEO Duncan Wanblad
Anglo investors tell company to move faster to survive BHP bid
13th May 2024 By: Bloomberg

Anglo American’s shareholders are pushing the company to speed up the release of its turnaround plan as the 107-year-old miner seeks to present an alternative to BHP Group’s takeover bid. Anglo... 


BHP and Rio work closely together on the Escondia mine.
Rio Tinto had considered a bid for BHP-target Anglo American, AFR reports
10th May 2024 By: Reuters

Mining giant Rio Tinto had considered an offer for British miner Anglo American, which is now BHP Group's $39-billion takeover target, the Australian Financial Review reported on Friday. Rio... 


A hydrogen-fueled haul truck in operation at Anglo American Platinum's Mogalakwena mine
Anglo American's South Africa investors open to improved BHP bid, FT reports
10th May 2024 By: Reuters

Anglo American's key South African shareholders are open to a takeover offer from BHP, with some advocating for an additional cash component to the bid, the Financial Times reported on Thursday.... 


Botswana President Mokgweetsi Masisi
Botswana vows to protect interests in potential BHP-Anglo deal
9th May 2024 By: Bloomberg

Botswana President Mokgweetsi Masisi vowed to protect the country’s interests, including its 15% stake in diamond giant De Beers, should BHP Group acquire Anglo American. Anglo, which rejected a... 


Brazil court rejects requests to block $15.7bn from Vale, BHP
9th May 2024 By: Reuters

A Brazilian federal court rejected a request made by the country's solicitor general's office asking that miners Vale, BHP and their joint venture Samarco pay 79.6-billion reais ($15.64-billion)... 


China's 2024 iron-ore imports seen similar to last year's - Vale
China's 2024 iron-ore imports seen similar to last year's - Vale
9th May 2024 By: Reuters

Imports of iron-ore by China, the world's biggest buyer, in 2024 are expected to be around 1.17-billion to 1.18-billion metric tons, similar to last year's 1.18-billion tons, a senior official of... 


Cosatu's logo on a window
South African unions urge Anglo shareholders to reject BHP bid
7th May 2024 By: Bloomberg

South Africa’s biggest labour union federation urged local shareholders, including the powerful Public Investment Corporation (PIC), to oppose BHP Group’s bid to buy Anglo American. The Congress of... 


The Sishen iron-ore mine
BHP insists Anglo American's South African assets must go in any takeover, sources say
7th May 2024 By: Reuters

BHP's plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed... 


Arrow’s Simandou North drilling off to a promising start
Arrow’s Simandou North drilling off to a promising start
7th May 2024 By: Mariaan Webb

Australian junior Arrow Minerals as hit the ground running at its Simandou North deposit, in Guinea, uncovering high-grade mineralisation in the area during the initial stages of drilling. The... 


Brazil wants Vale’s next CEO to have closer ties with government
6th May 2024 By: Bloomberg

Brazil expects the next CEO for Vale, the world’s second-largest iron ore producer, to have closer relations with officials and regulators even after public scrutiny over government influence on... 


Rio Tinto has long admired Anglo’s Collahuasi copper mine in Chile.
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama
6th May 2024 By: Bloomberg

Two of BHP Group’s biggest rivals are sitting on the sidelines for the moment as they watch to see how a takeover offer for Anglo American will play out. Both Rio Tinto Group and Glencore are more... 


Anglo CEO meets South Africa's mines minister after BHP's takeover proposal
3rd May 2024 By: Reuters

 Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group's $39 billion takeover bid, a source... 


Anglo's unusual mix of niche commodities — it’s the only large miner with big diamonds and platinum operations, for example — is seen as one of the reasons that the company hasn’t been successfully targeted in the past.
What’s Anglo worth? For now it’s less than the sum of its parts
3rd May 2024 By: Bloomberg

As BHP Group considers its next move, there’s one big question facing the mining world’s bankers, analysts and executives at rival producers: What’s Anglo American actually worth? Anglo’s shares... 


Glencore studying an approach for Anglo American, sources say
Glencore studying an approach for Anglo American, sources say
3rd May 2024 By: Reuters

Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war for the 107-year old mining company. Glencore has not yet... 


Anglo bidder BHP intends maintaining long-standing JSE listing
2nd May 2024 By: Martin Creamer

Diversified mining major BHP, which has made a rejected proposal to combine with Anglo American by way of a scheme of arrangement, confirmed on Thursday that it intended maintaining its... 


Chinese miners see opportunities as BHP’s mega bid unfolds
Chinese miners see opportunities as BHP’s mega bid unfolds
2nd May 2024 By: Bloomberg

China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP Group’s blockbuster $39-billion approach for rival Anglo American, potentially... 


South Africa's Mineral Resources and Energy Minister Gwede Mantashe
BHP woos South Africa in pursuit of $39bn Anglo takeover
2nd May 2024 By: Bloomberg

BHP Group has deployed a team of senior executives to South Africa as the world’s largest miner ramps up efforts to win over government officials, regulators and local shareholders, all of whom... 


A smelter owned and operated by Ironveld
Ironveld appoints Kristoffer Andersson CEO
2nd May 2024 By: Creamer Media Reporter

London-listed Ironveld, which owns a high-purity iron, vanadium and titanium project on the northern limb of the Bushveld Complex, in Limpopo, South Africa, has appointed Kristoffer Andersson CEO.... 


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