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Iron-ore

iron ore pellets
Iron-ore prices to remain at about $100/t in 2025, BMI says
18th November 2024 By: Darren Parker

Market research firm BMI, a Fitch Solutions company, has maintained its 2025 iron-ore price forecast at an average of $100/t, expecting continued downward pressure owing to weak demand stemming... 


Geraldine Slattery
BHP warns Australian mining not ready for low-cost competitors
18th November 2024 By: Bloomberg

BHP Group’s Australia chief said the nation can’t rely on its traditional mining export markets and is unprepared for a new era of lower-cost competitors. The boom in demand from China’s... 


Cyclone brings Vale on board for Canada iron-ore project
Cyclone brings Vale on board for Canada iron-ore project
15th November 2024 By: Creamer Media Reporter

ASX-listed Cyclone Metals has announced a memorandum of understanding (MoU) with diversified major Vale regarding the development of an iron-ore project in Canada. The MoU outlines the terms for a... 


Brazil court clears Vale, BHP and Samarco of criminal charges in 2015 dam collapse
Brazil court clears Vale, BHP and Samarco of criminal charges in 2015 dam collapse
15th November 2024 By: Reuters

A Brazilian federal court ruled miners Vale, BHP Group and their joint venture Samarco are not criminally liable for the deadly 2015 Fundao tailings dam collapse, according to a statement from the... 


 	A lady at the BME lab in germany
Blasting solution proposed for reactive iron-ore applications
15th November 2024

A decline in blast performance at an iron-ore mine in South Africa has led to the investigation of a new mechanism to prevent bulk emulsion breakdown, and to find innovative solutions to address... 


A worker wearing full PPE climbing down a LDH truck at teh Kolomela mine owned by Kumba
Proactive safety initiatives embraced by producer
15th November 2024

Introduced in the second quarter of 2023, the ‘Leading with Care’ initiative of South African iron-ore miner Kumba Iron Ore, has already had a significant impact on safety performance, the company... 


The Mutuca mine in brazil
Major progresses TSF declassification programme
15th November 2024

An additional two tailings storage facilities (TSFs) of Brazilian iron-ore major Vale have been certified as stable, positively progressing from their ‘emergency level’ of classification by the... 


freight train at railway crossing
Level crossing incidents not only cost lives but also the economy, TFR CEO says
14th November 2024 By: Darren Parker

Railway safety incidents, such as pedestrian and vehicle collisions at level crossings, are not only tragic but are severely undermining South Africa’s rail recovery plans, Transnet Freight Rail... 


Australia may lose A$69bn amid green steel rush, report says
Australia may lose A$69bn amid green steel rush, report says
14th November 2024 By: Reuters

Top global iron-ore exporter Australia could lose as much as half its revenue from the sector if it fails to start producing green iron fast enough, as other countries start making steel using... 


Anglo signs up as royalty, offtake partner for Ukraine iron-ore project
Anglo signs up as royalty, offtake partner for Ukraine iron-ore project
12th November 2024 By: Mariaan Webb

Canada-based Black Iron has secured a significant partnership with global mining giant Anglo American through a $4-million royalty and offtake agreement for its Shymanivske iron-ore project in... 


Iron-ore slumps toward $100 as China’s latest fix disappoints
11th November 2024 By: Bloomberg

Iron-ore fell toward $100 a ton as Beijing’s latest efforts to revive the economy left investors disappointed, while an expansion in Chinese port stockpiles highlighted ample supplies. Futures... 


Australian iron-ore giants' shares sink on disappointing China stimulus
Australian iron-ore giants' shares sink on disappointing China stimulus
11th November 2024 By: Reuters

Shares in Australia's iron-ore miners slumped on Monday after another round of stimulus measures by their top customer China disappointed investors who had hoped for measures that would boost... 


Stockpiles of iron-ore in Australia's Pilbara
Iron-ore falls ahead of China unveiling fresh fiscal stimulus
8th November 2024 By: Reuters

Iron-ore futures slid on Friday, as investors adopted a cautious stance amid continuously falling demand and ahead of top consumer China unveiling its keenly-watched fiscal stimulus package. The... 


China’s commodities imports resilient as markets eye stimulus
China’s commodities imports resilient as markets eye stimulus
7th November 2024 By: Bloomberg

Chinese raw materials imports mostly rose year-on-year in October, according to customs data released Thursday, as demand remained resilient despite a slowing economy. The government’s measures to... 


Chromium
Chromium secures bigger share of SA’s mining revenue
6th November 2024 By: Irma Venter

Chromium accounted for 8% of South Africa’s mining revenue in June 2024, says PWC South Africa lead economist macro analysis Dr Christie Viljoen, up from 5% in 2023. Quoting Stats South Africa... 


Republican Presidential nominee and former US President Donald Trump takes the stage with his wife Melania, his son Eric, and his daughter-in-law Lara, following early results from the 2024 US Presidential election in Palm Beach County Convention Center, in West Palm Beach, Florida.
Commodities under pressure on likely Trump win in US Presidential race
6th November 2024 By: Reuters

Commodities from oil to metals and grains slid on Wednesday as the dollar strengthened, with investors increasingly pricing in that Donald Trump will win the US Presidential election. Trump has... 


Chris Ellison
Mineral Resources says Ellison to step down after probe
4th November 2024 By: Bloomberg

Mineral Resources said its tycoon founder, Chris Ellison, will be penalised A$8.8-million and will step down within 18 months after the Australian miner launched an investigation into undeclared... 


ON-THE-GO POWER
Caterpillar’s Dynamic Energy Transfer system comprises an electrified rail system to transmit the energy to passing vehicles and is highly deployable to suit customers’ specific site layouts
OEM expands electric drive, automation offerings
1st November 2024 By: Donna Slater

Unveiled in mid-September, equipment maker Caterpillar’s (Cat’s) new energy management system – Dynamic Energy Transfer (DET) – offers the ability to transfer electrical energy to both... 


Rinehart's Hancock buys gas assets from MinRes for A$1bn
Rinehart's Hancock buys gas assets from MinRes for A$1bn
31st October 2024 By: Mariaan Webb

ASX-listed Mineral Resources (MinRes) on Thursday announced a A$1.1-billion agreement with Hancock Prospecting concerning its oil and gas exploration assets. The binding sale-and-purchase... 


Simandou to mine first cargo by end 2025
Simandou to mine first cargo by end 2025
30th October 2024 By: Reuters

China's biggest listed steelmaker, Baoshan Iron & Steel, expects the Simandou iron ore project in Guinea to complete infrastructure construction and mine its first cargo by the end of 2025, the... 


BHP chairperson Ken MacKenzie and CEO Mike Henry addressed the BHP AGM on Wednesday.
BHP has moved on from Anglo American, company chairperson says
30th October 2024 By: Reuters

BHP has moved on to focus on other growth opportunities after its failed bid for Anglo American earlier this year, the company's chairman said on Wednesday, weeks before a block on making another... 


Toyota and BHP trial first battery electric Hilux
Toyota and BHP trial first battery electric Hilux
29th October 2024 By: Mariaan Webb

Diversified mining group BHP has partnered with Toyota Australia to use a battery electric Hilux double cab at the Port Hedland operations, in Western Australia. In the trial, the prototype will... 


Gustavo Pimenta
Vale partners with China's Jinnan steel to build iron ore processing plant in Oman
29th October 2024 By: Reuters

Brazilian miner Vale, one of the world's largest iron ore producers, said on Monday it had partnered with China's Jinnan Steel Group to build an iron ore beneficiation plant in Oman to produce high... 


Australia risks losing top spot in global steel supply chain, Fortescue says
Australia risks losing top spot in global steel supply chain, Fortescue says
29th October 2024 By: Reuters

Australia risks losing its dominant position in the global iron-ore market if it does not move swiftly to produce green iron, and would do well to learn lessons from the near wipe-out of its nickel... 


Rio Tinto reports fatality at Simandou port site
28th October 2024 By: Creamer Media Reporter

Diversified miner Rio Tinto says it is deeply saddened about the death of an employee of a contracting company, following an incident at the SimFer port site on the Simandou iron-ore project in... 


Samarco operations in Brazil
Brazil seals $30bn compensation deal with BHP, Vale over 2015 dam collapse
28th October 2024 By: Reuters

Brazil on Friday signed a 170-billion reais ($29.85-billion) compensation agreement with miners BHP, Vale and Samarco for the Mariana dam collapse in 2015, one of the country's worst environmental... 


Photo of Martin Creamer
Pan African, Harmony, Anglo make headlines
25th October 2024

Mining Weekly Editor Martin Creamer discusses Pan African Resources’ listing of a sustainability-linked instrument under the sustainability segment of the JSE; Harmony Gold’s gold recovery project... 


An aluminium smelter
Goldman Sachs raises 2025 aluminum, copper price outlook
25th October 2024 By: Reuters

Goldman Sachs on Thursday raised its 2025 aluminum and copper price forecasts citing higher demand potential in top consumer China following stimulus measures. The investment bank hiked its 2025... 


Anglo American's corporate head office in South Africa
Can Anglo's copper pivot help thwart renewed takeover bid?
25th October 2024 By: Reuters

The speed at which Anglo American shifts to becoming a copper-focused miner may well dictate its ultimate fate - survival as an independent operator, or absorption by a bigger rival such as BHP... 


Vale's third-quarter profit falls 15% on dam collapse provisions, lower ore prices
Vale's third-quarter profit falls 15% on dam collapse provisions, lower ore prices
25th October 2024 By: Reuters

Brazilian miner Vale, one of the world's largest iron-ore producers, said on Thursday its third-quarter net profit fell 15% from a year earlier, hit by lower prices of the steel-making ingredient... 


An image of a presentation about the ATAJO OnEdge software at the launch event
Oil-monitoring tech boosts maintenance
25th October 2024 By: Trent Roebeck

South Africa-based digital solutions provider Britehouse Mobility, and its partner Perfect Filtration, is optimising plant efficiency and reliability of mobile mining equipment with the ATAJO... 


Fortescue record Q1 iron-ore shipments marred by cost pressures
Fortescue record Q1 iron-ore shipments marred by cost pressures
24th October 2024 By: Reuters

Fortescue, the world's fourth-largest iron-ore miner, on Thursday posted a 4% rise in its first-quarter iron-ore shipments but flagged rising costs at its mines while realised prices had fallen,... 


Afrimat group CEO Andries van Heerden
Afrimat posts 45.4% drop in operating profit after ‘extremely stressful’ first half
24th October 2024 By: Darren Parker

Although mid-tier mining and materials company Afrimat recorded a year-on-year revenue increase of 44.3%, from R2.8-billion to R4.1-billion for the six months ended August 31, its operating profit... 


Wind farm at Anglo's Quellaveco copper mine in Peru.
Anglo advancing copper, iron-ore, crop nutrients investment proposition
24th October 2024 By: Martin Creamer

Diversified mining company Anglo American said on Thursday that it is making “excellent” portfolio simplification progress to create an investment proposition focused on copper, premium iron-ore... 


Kal Tire VP Southern Africa John Martin
ESG targets are prioritising the need for mining tyre circularity
24th October 2024 By: Martin Creamer

Stockpiles of mining tyres are beginning to weigh heavily on the environmental, social and governance (ESG) targets of mining companies. Large tyre accumulations visible at some mining operations... 


BHP says claim it put profit over safety 'unjustified' in Brazilian dam collapse case
BHP says claim it put profit over safety 'unjustified' in Brazilian dam collapse case
24th October 2024 By: Reuters

BHP said on Wednesday that allegations a pursuit of profit over safety contributed to Brazil's worst environmental disaster were "far-fetched and unjustified", as the miner opened its defence to a... 


Chris Ellison
Mineral Resources’ Ellison faces probe from Australian watchdog
24th October 2024 By: Reuters

Australia’s corporate watchdog is investigating Mineral Resources and its tycoon founder, Chris Ellison, after he made undeclared payments that avoided tax. “The Australian Securities and... 


The Saldanha Bay port
Kumba's third-quarter output down 3% y/y on the back of logistics constraints
24th October 2024 By: Chanel de Bruyn

South African iron-ore miner Kumba Iron Ore recorded a 3% year-on-year decrease in output to 9.4-million tonnes for the third quarter ended September 30, as derailments, rail breakages and speed... 


Dam disaster deal should curb lawsuits against Vale and BHP, sources say
Dam disaster deal should curb lawsuits against Vale and BHP, sources say
23rd October 2024 By: Reuters

An agreement by Vale, BHP and their joint venture Samarco to pay 170-billion reais ($29.85-billion) in compensation for a deadly dam collapse in Brazil could end more than a hundred lawsuits... 


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