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Iron-ore

Iron-ore takes fresh hit as concerns over global glut exact toll
Iron-ore takes fresh hit as concerns over global glut exact toll
13th August 2024 By: Reuters

Iron-ore slumped — following its fourth weekly loss in five — on concerns that a slowdown in steelmaking at Chinese mills, combined with record shipments from Australia and Brazil, would lead to a... 


A $91bn trade means mining in one of the world's hottest places
A $91bn trade means mining in one of the world's hottest places
13th August 2024 By: Bloomberg

Snaking through the russet-colored expanse of Australia’s remote Outback, vast mile-long trains ferry iron-ore — the nation’s most valuable export — across a crucial mining district that’s... 


Exxaro warns of lower interim earnings
8th August 2024 By: Sabrina Jardim

Diversified mining company Exxaro says it expects its headline earnings per share (HEPS) for the six-month period ended June 30 to be between 31% and 45% lower than that reported for the six-month... 


Glencore Group's Astron Energy refuelling station.
Astron’s a terrific asset, ferrochrome’s helping world to decarbonise, says Glencore
8th August 2024 By: Martin Creamer

Astron Energy, which has successfully rebranded one of South Africa’s transport fuel forecourt networks, is described by Glencore CEO Gary Nagle as being a terrific asset. With the restart to full... 


The Port of Cape Town
South Africa can fix backlogged ports in a year, Ntshavheni says
7th August 2024 By: Bloomberg

South Africa’s ports — ranked among the world’s worst — are improving and state-owned operator Transnet will fix them within the next 12 to 14 months, Minister in the Presidency Khumbudzo... 


An iron-ore mine owned by Afrimat
Afrimat optimistic of improved second-half performance
6th August 2024 By: Creamer Media Reporter

Mid-tier mining and materials company Afrimat reports that steady progress is being made with the integration of the Lafarge business, which it acquired earlier this year, and that the suspension... 


Copper products
Copper steadies after plumbing four-month low during global rout
6th August 2024 By: Bloomberg

Industrial metals found firmer footing on Tuesday, the day after commodities were swept up in a tumultuous global selloff of risk assets. Copper, aluminum and zinc all steadied after a frenzied... 


Kavango identifies new gold structures at Nara, releases technical report for Ditau
5th August 2024 By: Darren Parker

London-listed Kavango Resources has identified several new, previously unknown induced polarisation (IP) zones at its Nara gold exploration project, in Zimbabwe, in addition to further extensions... 


Utshalo founder Paul Miller.
Orion’s capital-raising success kindling hopes of greater small-end investment in mining
1st August 2024 By: Martin Creamer

The capital-raising success that emerging copper and zinc mining company Orion Minerals achieved is kindling high hopes that smaller South African shareholders will be facilitated to play a greater... 


Resources Watch
Resources Watch
1st August 2024

This week: Anglo's eyes are firmly on a copper, iron-ore and crop nutrient prize; Seriti’s wind move may be further energy transitioned by solar and, Kumba Iron-Ore says public-private partnership... 


Baffinland Iron Mines CEO resigns
31st July 2024 By: Creamer Media Reporter

Canadian miner Baffinland Iron Mines on Tuesday announced the resignation of Brian Penney as CEO. Penney has decided to leave his position to allow more time with his family on the east coast of... 


BHP says iron-ore supply not affected by minor rail car incident
BHP says iron-ore supply not affected by minor rail car incident
31st July 2024 By: Reuters

BHP's iron-ore supply has not been affected after a minor incident at a railyard near Port Hedland in Western Australia, the company said on Wednesday. “A single rail car has come off the tracks... 


Rio Tinto CEO Jakob Stausholm
Rio Tinto open to big copper buys but cautious of overheated market
31st July 2024 By: Reuters

Rio Tinto may consider a large acquisition but it would have to provide value that is hard to find amid a copper market that is running hot, CEO Jakob Stausholm said on Wednesday while discussing... 


Simandou to be transformative for Guinea – law firm
30th July 2024 By: Schalk Burger

The successful development of the Simandou iron-ore project will have a transformative impact on the Guinean economy and its people and bring green solutions to the steelmaking industry in China... 


Ferrochrome smelting.
Merafe’s ferrochrome output 17% down on smelter hold-back in unfavourable market
30th July 2024 By: Martin Creamer

Ferrochrome production attributable to the Johannesburg Stock Exchange-listed Merafe Resources from the Glencore Merafe Chrome Venture for the six months to June 30 was a 17%-lower 154 000 t... 


Mubadala, Trafigura hire UBS BB and Goldman Sachs to sell Brazil port, sources say
30th July 2024 By: Reuters

Mubadala Capital and commodities trader Trafigura have hired UBS BB and Goldman Sachs to help sell a Brazilian iron-ore port they bought a decade ago from former oil and mining tycoon Eike Batista,... 


The Simandou project area
Guinea’s Simandou iron-ore project seen aiding climate goal
30th July 2024 By: Bloomberg

Guinea’s giant Simandou iron-ore project, which is expected to start exports in two years’ time, is set to contribute to the world’s decarbonisation efforts, according to Rio Tinto. “With an iron... 


Fortescue's head office
Fortescue shares slump to 21-month low on $1.24bn discounted block trade
30th July 2024 By: Reuters

Shares of Australia's Fortescue fell more than 9% on Tuesday to hit their lowest levels in 21 months, after stocks worth A$1.9-billion ($1.24-billion) were sold in a discounted block trade... 


Vale CEO Eduardo Bartolomeo
Vale on track to hit top end of iron-ore guidance, upbeat on China
29th July 2024 By: Reuters

Brazilian miner Vale is confident it will manage to meet the top end of its outlook for iron ore production in 2024, which stands between 310 million and 320 million metric tons, chief executive... 


Vale says Q2 net profit triples, iron-ore sales up
Vale says Q2 net profit triples, iron-ore sales up
26th July 2024 By: Reuters

Brazilian miner Vale, one of the world's largest iron-ore producers, said on Thursday its second-quarter net profit soared to $2.77-billion, triple the year-earlier period and above analyst... 


Beneficiation, Seriti Green, iron-ore logistics make headlines
Beneficiation, Seriti Green, iron-ore logistics make headlines
26th July 2024

Mining Weekly Editor Martin Creamer discusses the Minerals Council South Africa's support of beneficiation where the economics make sense; Seriti Resources advancing into wind energy through Seriti... 


An iron ore train on tracks covered in ore dust
Post Covid-19 iron-ore sector faces new challenges
26th July 2024 By: Halima Frost

Although the South African iron-ore sector showed a “healthy recovery” in 2021 and 2022 after emerging from the Covid-19-induced slump in 2020, figures have again trended downwards since 2022... 


A Large shipping vessel berthed at the Saldanha Multi-Purpose Terminal ready to be loaded with Ore for export
Iron-ore exports on the up
26th July 2024 By: Halima Frost

The Saldanha Multi-Purpose Terminal (MPT), owned and operated by State-owned freight logistics company Transnet Port Terminals (TPT), recorded a volume increase of 6.2% year-to-date in March, it... 


Anglo American CE Duncan Wanblad.
Anglo's eyes are firmly on a copper, iron-ore and crop nutrient prize
25th July 2024 By: Martin Creamer

By the end of 2025, the new Anglo American is going to be focused 100% on copper, iron-ore and crop nutrient mining. By that time, the demerged Johannesburg Stock Exchange-listed Anglo American... 


Fenix to build new WA iron-ore mine
Fenix to build new WA iron-ore mine
25th July 2024 By: Mariaan Webb

ASX-listed Fenix Resources is set to build a new mine in Western Australia’s Mid-West with the announcement that it is proceeding with the Beebyn-W11 project. According to a new feasibility study,... 


Anglo American CE Duncan Wanblad.
We’re moving at pace to create more agile, profitable Anglo, CE Wanblad reports
25th July 2024 By: Martin Creamer

Diversified mining company Anglo American, which is in the process of restructuring itself, on Thursday delivered $5-billion underlying half-year earnings for the six months to the end of June.... 


Fortescue to step up energy spending despite job cuts
Fortescue to step up energy spending despite job cuts
25th July 2024 By: Reuters

ustralia's Fortescue said on Thursday it will increase spending on its energy division to advance several new green hydrogen projects next year, disappointing analysts who had expected a company... 


Anglo CEO Duncan Wanblad
Anglo to face investors with wary eye on BHP's potential return
24th July 2024 By: Reuters

Anglo American investors will keenly scrutinize CEO Duncan Wanblad on Thursday as he gives an update on the London-based miner's strategy, just months after fighting off a $49-billion takeover bid... 


Minerals Council South Africa CEO Mzila Mthenjane.
Minerals Council South Africa supports beneficiation where the economics make sense
24th July 2024 By: Martin Creamer

Minerals Council South Africa, whose members account for 90% of this country's annual mineral production by value, supports beneficiation where the economics make sense. “Therefore, we welcome the... 


IOC restarts ops as fire evacuation order is lifted
24th July 2024 By: Creamer Media Reporter

The Iron Ore Company of Canada (IOC) has begun the process of restarting operations in Labrador City, Quebec. This comes as provincial authorities on Monday lifted an evacuation order for the town... 


Iron-ore sinks toward test of $100 as plenum fails to inspire
Iron-ore sinks toward test of $100 as plenum fails to inspire
24th July 2024 By: Bloomberg

Iron-ore dropped to near the $100 a ton threshold as a policy meeting in China failed to deliver major stimulus, while supplies remained robust. The steelmaking material fell as much as 2.3% to... 


The 2015 dam burst caused a wave of toxic tailings that killed 19 people, left hundreds homeless, flooded forests and polluted the Doce river.
BHP must stop funding legal action to halt Mariana dam claim, court rules
24th July 2024 By: Reuters

BHP Group must stop funding legal action seeking to halt some Brazilian municipalities from bringing a multi-billion pound claim over one of Brazil's worst environmental disasters, London's High... 


Kumba Iron Ore CEO Mpumi Zikalala.
Public-private partnership providing powerful performance potential – Kumba Iron Ore
23rd July 2024 By: Martin Creamer

The commitment of South Africa’s new multi-party government to continued reform of this country’s iron-ore logistics was hailed on Tuesday by Kumba Iron Ore. During the presentation of half-year... 


Kumba CEO Mpumi Zikalala
Kumba delivers solid interim operational, financial performance despite challenging market
23rd July 2024 By: Sabrina Jardim

Mining company Kumba Iron-Ore has reported a robust set of results for the six months ended June 30 despite a challenging market. CE Mpumi Zikalala says the company’s first-half results reflect... 


Duncan Wanblad shaking hands with Wits University vice-chancellor Professor Zeblon Vilakazi at the hand over of Anglo’s 47 Main street, Johannesburg building, to Wits Business School (WBS), with Anglo chairperson Nolitha Fakude (left) and  WBS head Prof Maurice Radebe (right).
We’ve delivered strong second-quarter production – Anglo CE
18th July 2024 By: Martin Creamer

Diversified mining company Anglo American on Thursday emphasised its embedding of operational resourcefulness across its asset base and highlighted its second-quarter performance as being strong.... 


Transnet locomotives on a railway line
AfDB approves R18.85bn loan for Transnet's business recovery plan
18th July 2024 By: Creamer Media Reporter

The African Development Bank Group (AfDB) has approved an R18.85-billion, or $1-billion, corporate loan to South Africa's State-owned freight transport and logistics group Transnet for its recovery... 


Kumba Iron Ore CE Mpumi Zikalala
Kumba Iron Ore expecting half-year earnings to be 24% to 29% lower
18th July 2024 By: Martin Creamer

The basic earnings of iron-ore mining company Kumba for the six months to June 30 are expected to between 24% and 29% lower than for the first six months of last year. The decreased R6 847-million... 


Iron-ore majors ramp up supply even as China faces challenges
Iron-ore majors ramp up supply even as China faces challenges
17th July 2024 By: Bloomberg

The world’s biggest iron-ore producers are hurling plenty of dirt, adding tons of the steel-making commodity to the seaborne market even as top user China battles a demand-sapping property crisis.... 


Apple Paget has been appointed CFO
Fortescue axes 700 roles in global overhaul, appoints CFO
17th July 2024 By: Mariaan Webb

Prominent Australian mining and energy group Fortescue on Wednesday announced the simplification of its organisational structure, the appointment of a new CFO and COO, as well as 700 redundancies... 


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