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Iron-ore

Iron-ore extends gains to near $100/t after China pledges more stimulus
26th September 2024 By: Reuters

Prices of iron-ore futures extended gains into a third straight session on Thursday, after top consumer China's pledge for more stimulus injected further confidence just as the last wave of... 


Mike Schmidt, ARM Executive Growth and Strategic Development in the Executive Chairperson’s office.
African Rainbow Minerals crowns grade as king, declares war on reef waste on PGMs front
26th September 2024 By: Martin Creamer

Two acronyms were drummed into new mining entrants in the days of yore – GIK and WAR. GIK is short for ‘grade is king’ and at the opposite end of the scale, everyone was urged to declare war on... 


Fortescue signs $2.8bn green equipment partnership with Liebherr
Fortescue signs $2.8bn green equipment partnership with Liebherr
25th September 2024 By: Reuters

Fortescue said on Wednesday it has signed a $2.8-billion partnership with German-Swiss equipment manufacturer Liebherr to create one of the world's largest zero-emission mining fleets. The two... 


Iron-ore hits over 1-year low on soft China demand prospects, firmer supply
23rd September 2024 By: Reuters

Iron-ore futures fell on Monday to their lowest in more than a year, as investors weighed prospects of soft China demand amid an uneven economic recovery and stronger supply against fresh monetary... 


Hawthorn elects to convert to 1% royalty in Mt Bevan JV
Hawthorn elects to convert to 1% royalty in Mt Bevan JV
20th September 2024 By: Mariaan Webb

ASX-listed Hawthorn Resources has exercised its right to convert its participating interest in the Mt Bevan magnetite project joint venture with Legacy Iron Ore and Hancock Magnetite to a royalty.... 


From left, Assmang director Andre Joubert, DMRE Northern Cape principal inspector Tumelo Mateta and BRMO senior GM Xolani Qamata surrounding the Santa Barbara trophy, awarded to an operation that completes one million, or a multiple thereof, fatality free shifts
Assmang’s Black Rock mine achieves 12m fatality-free shifts
19th September 2024 By: Sabrina Jardim

Manganese and iron-ore mining company Assmang’s Black Rock mining operation (BRMO), near Hotazel, in the Northern Cape, recorded 12-million fatality-free shifts earlier this year. This was achieved... 


Iron-ore climbs on China stimulus hopes, softer stockpiles
Iron-ore climbs on China stimulus hopes, softer stockpiles
19th September 2024 By: Reuters

Prices of iron-ore futures gained ground on Thursday, as prospects of fresh Chinese monetary stimulus and lower inventories overshadowed concerns of the top consumer's weakening domestic demand.... 


The Saldanha Bay Iron Ore Terminal in South Africa
Iron-ore posts steepest daily fall in nearly two years
18th September 2024 By: Reuters

Iron-ore futures prices posted their biggest daily fall in nearly two years on Wednesday, weighed down by prospects of stronger global supply and weakening Chinese steel demand. The most-traded... 


Bento Rodigues district was covered in mud after Samarco dam burst in Mariana November 2015
Brazil confirms potential $18bn deal with miners involved in deadly dam disaster
17th September 2024 By: Reuters

he Brazilian government confirmed on Monday it was in talks on a potential $18-billion payout from a trio of miners involved in a deadly 2015 dam collapse, saying the deal could also involve... 


Engineering contractor appointed for Hawsons process optimisation
16th September 2024 By: Creamer Media Reporter

Emerging magnetite development company Hawsons Iron has appointed engineering firm Stantec Australia to conduct a review of the current process plant design and supporting infrastructure. The... 


Goldman Sachs cuts Q4 iron-ore price forecast by $15/t on supply glut
Goldman Sachs cuts Q4 iron-ore price forecast by $15/t on supply glut
16th September 2024 By: Reuters

Goldman Sachs on Monday cut its iron-ore price forecast for the fourth quarter of 2024 by $15, to $85 per metric ton, citing market oversupply even though demand from top consumer China is... 


Vale says routine check revealed cracks in dam, stability unchanged
16th September 2024 By: Reuters

Brazilian miner Vale said on Saturday that it is conducting checks on a dam after a routine inspection identified surface cracks but noted that the structure’s stability conditions remain... 


South Africa's mining output down 1.4% y/y in July
12th September 2024 By: Creamer Media Reporter

South Africa's mining production decreased by 1.4% year-on-year in July, Statistics South Africa reports. The largest negative contributors were iron-ore (-19% and contributing -2.8 percentage... 


Hope for South African ferroalloys industry despite green transition challenges
12th September 2024 By: Darren Parker

Department of Mineral and Petroleum Resources* beneficiation economics director Kagiso Menoe has said that, despite the challenges brought about by the global green transition, government's outlook... 


Struggling miners put the brakes on South Africa’s stock rally
12th September 2024 By: Bloomberg

South African stocks have their noses in front of emerging-market peers, but glum news from China threatens to weigh on the key mining sector and stymie that outperformance. Johannesburg’s main... 


TFR locomotives
Transnet breaches loan terms again as debt weighs on investment
11th September 2024 By: Bloomberg

Transnet breached loan covenants for a second year running as the South African port and rail operator staggers under a debt burden that’s constraining investments needed to resurrect its ailing... 


Vale bumps up 2024 iron-ore production forecast
Vale bumps up 2024 iron-ore production forecast
11th September 2024 By: Reuters

razilian miner Vale said on Wednesday it expects to produce between 323-million and 330-million metric tons of iron-ore in 2024, raising a previous forecast of 310-million to 320-million. The... 


Iron-ore tests floor as plunge to $90/t puts mines at risk
Iron-ore tests floor as plunge to $90/t puts mines at risk
11th September 2024 By: Bloomberg

Iron-ore’s plunge is about to test the view that the steelmaking material can find solid price support at $90 a ton or more as high-cost mines are nudged out of the market. Futures in Singapore... 


MinRes gains FIRB approval for A$1.3bn haul road stake sale
MinRes gains FIRB approval for A$1.3bn haul road stake sale
10th September 2024 By: Mariaan Webb

ASX-listed Mineral Resources (MinRes) has received unconditional approval from the Foreign Investment Review Board (FIRB) for the sale of a 49% stake in the Onslow Iron haul road to investment... 


EDC may provide $500m loan for Ontario nickel mine
EDC may provide $500m loan for Ontario nickel mine
9th September 2024 By: Mariaan Webb

Government agency Export Development Canada (EDC) may provide a $500-million loan for the Crawford nickel sulphide project in Timmins, Ontario. This is according to project owner Canada Nickel,... 


Vale, BHP, Samarco could close $18bn deal over Brazil dam collapse
9th September 2024 By: Reuters

Mining companies Vale and BHP, together with their joint venture Samarco, may soon reach an agreement with Brazilian authorities to pay around 100-billion reais ($17.87-billion) for the collapse... 


Iron-ore on a conveyor belt
Iron-ore slumps below $90 as growth fears hit commodities
9th September 2024 By: Bloomberg

Iron-ore sank below $90 a ton for the first time since 2022 as industrial commodities faced sustained pressure from tepid Chinese demand and gathering worries over global growth. Futures for... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
African Rainbow Minerals wants to maximise the equity it has in Harmony Gold
6th September 2024 By: Martin Creamer

The global market is going through a very challenging time right now, African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe noted on Friday, when the Johannesburg Stock... 


China’s steel crisis drives iron-ore to worst week since March
China’s steel crisis drives iron-ore to worst week since March
6th September 2024 By: Bloomberg

Iron-ore steadied to remain on track for its worst week since March, with few signs of a recovery for China’s beleaguered steel market. “There is no significant improvement in demand for steel... 


TFR locomotives
Private train operators could access Transnet's rail network by April 2025, says business development exec
5th September 2024 By: Schalk Burger

State-owned Transnet Group chief business development officer Yolisa Kani has said calls for applications for private train operators wanting to access the freight rail network are likely to open... 


Zimbabwe turns to private firms to boost freight rail volumes
5th September 2024 By: Reuters

Zimbabwe's State-owned railway operator has opened its network up to private players, including a unit of South Africa's Grindrod, as it seeks to boost freight volumes that had collapsed after... 


Liberia conditionally lifts shutdown order on China Union iron-ore Bong Mines
5th September 2024 By: Reuters

Liberia conditionally lifted a shutdown order on China Union's iron ore Bong Mines, the government said in a statement on Wednesday. The West African country's Environmental Protection Agency (EPA)... 


Iron-ore slides closer to $90 with China’s steel demand at risk
Iron-ore slides closer to $90 with China’s steel demand at risk
4th September 2024 By: Bloomberg

Iron-ore edged closer to its lowest since 2022 as the steelmaking material extended a selloff on fears for China’s crisis-wracked steel industry. Futures in Singapore fell 1.5% to $92.20 a ton by... 


Forrestania withdraws from Koolyanobbing iron project
Forrestania withdraws from Koolyanobbing iron project
3rd September 2024 By: Mariaan Webb

Western Australia-focused explorer Forrestania Resources is sharpening its focus on exploration at its existing gold and copper projects, after deciding to withdraw from the Koolyanobbing iron-ore... 


Transnet CEO Michelle Phillips delivering Transnet's 2024 results
Phillips confirms 193Mt ‘stretch target’ for rail amid criticism that recovery plan lacks ambition
2nd September 2024 By: Terence Creamer

Transnet CEO Michelle Phillips has acknowledged criticism over the pace at which it plans to recover rail volumes and has reported that an internal “stretch target” of 193-million tons has been set... 


South Africa is losing its trade competitiveness edge
2nd September 2024 By: Schalk Burger

Enormous investments are being made in ports, rail and transport logistics in Southern Africa, as well as more broadly in Africa, including by international companies and consortia. "Global... 


Transnet CEO Michelle Phillips (left) and NDB president Dilma Rousseff
NDB signs R5bn loan agreement with Transnet
30th August 2024 By: Irma Venter

The New Development Bank (NDB) on Friday signed a R5-billion loan agreement with State-owned freight transport and logistics group Transnet. The agreement was signed during the NDB’s ninth yearly... 


Liberia closes China Union's Bong Mines for violations, regulator says
30th August 2024 By: Reuters

Liberia's Environmental Protection Agency shut down on Wednesday the operations of China Union's iron-ore Bong Mines for violating several environmental regulations, the regulatory agency said on... 


Iron-ore’s ‘irrational’ rally past $100 triggers warning
Iron-ore’s ‘irrational’ rally past $100 triggers warning
29th August 2024 By: Bloomberg

Iron-ore has jumped by about 10% in 10 days to breach $100 a ton, prompting the official journal of China’s metals industry to pen a long article on why the gains are overdone. The steelmaking... 


Kumba's Sishen mine
Kumba to treble premium iron-ore output at Sishen through ‘compelling’ R11.2bn investment
29th August 2024 By: Chanel de Bruyn

The board of Kumba Iron Ore has approved a further R7.6-billion investment in ultrahigh dense media separation (UHDMS) processing technology at the Sishen mine, in the Northern Cape. This follows... 


Chris Ellison
Mining billionaire who banned work from home targets coffee runs
29th August 2024 By: Bloomberg

Staff at billionaire Chris Ellison’s mining company have already been banned from working from home. Stepping outside for a coffee could well be the next endangered perk. “I want to hold them... 


Port of Nqura laoding container on truck
TPT recovery on track but can be better, CE says
28th August 2024 By: Darren Parker

State-owned Transnet Port Terminals (TPT) CE Jabu Mdaki has expressed satisfaction with the company's progress in meeting its Phase 1 recovery plan targets, while also acknowledging the need for... 


Mineral Resources posts annual profit slump on weaker lithium prices
28th August 2024 By: Reuters

Australian diversified miner Mineral Resources reported a nearly 80% slump in its annual profit on Wednesday, hit by weaker lithium prices despite record shipment volumes. The demand for lithium -... 


China’s steel slump set to worsen as heavyweights flag concerns
China’s steel slump set to worsen as heavyweights flag concerns
28th August 2024 By: Bloomberg

China’s steel-industry slowdown looks set to deepen, with BHP Group, the world’s biggest miner, and China Baowu Group, the top iron-ore buyer, flagging concerns as demand fades after decades of... 


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