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Iron-ore

A railway line in KwaZulu-Natal that had to be repaired following a 2021 flood
TFR managing less than half of its maintenance investment requirements
28th August 2024 By: Darren Parker

State-owned Transnet Freight Rail (TFR) is meeting less than half of its necessary maintenance investment, with inflation significantly expanding the gap in year-on-year funding requirements.... 


Iron-ore produced by Kumba being transported by rail
Freight rail underperformance cost South Africa’s bulk mining sector R140bn in the last super cycle
28th August 2024 By: Darren Parker

Owing to domestic logistics constraints, South Africa’s coal and iron-ore bulk mining sectors were unable to capitalise on the last super cycle from 2021 to 2023, resulting in an estimated... 


BHP CEO Mike Henry
BHP doubling down on organic growth with ‘Plan A’
28th August 2024 By: Mariaan Webb

The world’s biggest mining company, BHP, is sticking with its ‘Plan A’ of growing organically, CEO Mike Henry told investors this week. “We have been clear throughout that we are not driven by M&A... 


President Cyril Ramaphosa
President transfers legislation as part of steps to split mineral resources, energy portfolios
28th August 2024 By: Creamer Media Reporter

President Cyril Ramaphosa has transferred legislation previously administered by the Mineral Resources and Energy Minister to Mineral and Petroleum Resources Minister Gwede Mantashe and Electricity... 


Gustavo Pimenta
Vale's CEO announcement to curb market speculation, says chair
28th August 2024 By: Reuters

Brazilian miner Vale's decision this week to announce a new chief executive sought to avoid further market speculation over other potential candidates, the company's chairman told Reuters on... 


Fortescue beats dividend payout view, shares rise
Fortescue beats dividend payout view, shares rise
28th August 2024 By: Reuters

Australia's Fortescue reported a rise in annual profit on Wednesday, boosted by higher iron-ore shipments from its Iron Bridge project, and announced a larger-than-expected final dividend, sending... 


Fortescue sets out to meet strong Chinese demand for green iron
Fortescue sets out to meet strong Chinese demand for green iron
28th August 2024 By: Reuters

Australia is positioned to meet strong demand from China for green iron, Fortescue said on Wednesday as it readies a pilot plant to begin production of the product using renewable energy next... 


Alstom/Transnet locomotive
Experts reflect on status of rail reform at SAHHA Conference
27th August 2024 By: Marleny Arnoldi

With Transnet’s export coal and iron-ore volume performance having reached multidecade lows in recent years and mining companies not weathering low commodity cycles sufficiently, the focus of this... 


The Jimblebar iron-ore mine in Western Australia
BHP’s profit rises 2% as concerns on China demand increase
27th August 2024 By: Bloomberg

BHP Group, the world’s biggest miner, reported full-year profit edged up 2%, in line with analyst forecasts, even as China’s property market continued to weigh on its economy and demand for... 


BHP CEO Mike Henry
BHP positioned for strong copper growth with more expansion on the horizon
27th August 2024 By: Mariaan Webb

Copper is taking centre stage in diversified mining giant BHP’s growth strategy, with CEO Mike Henry on Tuesday outlining the group’s plans to double its copper production in Australia, while... 


Gustavo Pimenta
Brazilian iron-ore miner Vale names CFO Pimenta as next CEO
27th August 2024 By: Reuters

 Brazilian miner Vale on Monday said that current CFO Gustavo Pimenta will become its next CEO, wrapping up a noisy succession process that had seen board members depart amid accusations of... 


Railway lines in Southern Africa
Scramble for critical minerals spurs an African rail revival
26th August 2024 By: Bloomberg

Southern Africa’s railways are suddenly getting global attention and attracting billions of dollars in investment, with a race to secure copper supplies needed for the energy transition at its... 


Samarco expects to reach 60% of output capacity by year-end
26th August 2024 By: Reuters

Brazilian miner Samarco expects to reach 60% of its output capacity by the end of 2024, bringing forward a previous timeline, as it continues to resume activities after halting operations due to a... 


Iron-ore stockpiles
BMI revises 2024 iron-ore price forecast lower to $110/t
23rd August 2024 By: Darren Parker

Market analysis firm BMI, a Fitch Solutions company, has revised down its 2024 iron-ore price forecast from an average of $120/t to $110/t, as subdued demand in mainland China amid the ongoing... 


Arrow raises cash for Simandou North, Niagra projects
22nd August 2024 By: Creamer Media Reporter

Africa-focused Arrow Minerals has announced the successful raising of A$5-million to progress its bauxite and hematite fines projects, in Guinea. The funds raised through the placement of... 


BHP's first electric excavator operational at WA iron-ore mine
BHP's first electric excavator operational at WA iron-ore mine
22nd August 2024 By: Creamer Media Reporter

Diversified major BHP has reported a milestone in its decarbonisation strategy with the introduction of its first electric excavator at the Yandi iron-ore mine in Pilbara, Western Australia. The... 


Iron-ore stockpiles
Iron-ore rises for third day on China policy support optimism
21st August 2024 By: Bloomberg

Iron-ore rose for a third day — recovering more of its 9% plunge last week — on signs Chinese authorities will take more steps to try and revive the country’s moribund property market. The... 


Menar MD Vuslat Bayoglu.
Menar envisages reviving Metalloys smelter, selling beneficiated manganese to world
20th August 2024 By: Martin Creamer

Menar, which recently signed a deal to acquire Samancor’s Metalloys, envisages reviving the ferromanganese smelting complex and exporting  beneficiated manganese to the world. “It’s an exciting... 


Iron-ore stockpiles in Australia
Iron-ore to extend rout as it’s ‘different this time,’ Citi says
20th August 2024 By: Bloomberg

Iron-ore is poised to extend declines into the $80/t range as China’s steelmakers reduce production, according to Citigroup Inc., which pared price forecasts and said that market dynamics have... 


Nedbank CIB Head of Infrastructure, Energy and Telecommunications Mike Peo.
Major shift to green energy under way by mining houses across Africa – Nedbank CIB
16th August 2024 By: Martin Creamer

Virtually every mining house in South Africa is in the process of procuring green electrons, and similar advances are taking place across the African continent, from the Democratic Republic of... 


Iron-ore battered to 2022 low as China’s steel crisis hits home
Iron-ore battered to 2022 low as China’s steel crisis hits home
16th August 2024 By: Bloomberg

Iron-ore headed for a brutal weekly loss, hitting the lowest level since 2022, on concern that a steel-industry crisis rippling across China will sap demand, while supplies from miners remain... 


Monadelphous wins new iron-ore contracts
16th August 2024 By: Creamer Media Reporter

Engineering company Monadelphous has secured new construction contracts in the iron-ore and renewable energy sectors, with the revenue contribution attributable to the company expected to total... 


An image of an electric mine truck
Partnering for first electric, autonomous operations
16th August 2024

Australian iron-ore major Fortescue has partnered with multinational equipment manufacturer Liebherr Mining to jointly develop and validate a fully integrated autonomous haulage solution (AHS) at... 


Exxaro CEO Dr Nombasa Tsengwa.
Exxaro expecting interest rates to begin to lower during the remainder of this year
15th August 2024 By: Martin Creamer

Johannesburg-listed coal and energy company Exxaro is expecting the Federal Reserve, the European Central Bank, the Bank of England and the South African Reserve Bank, among others, to start... 


China slashes steel output as industry sounds alarm on demand
China slashes steel output as industry sounds alarm on demand
15th August 2024 By: Bloomberg

Chinese steelmakers slashed output last month as woeful demand forced steep cuts on an industry contending with a collapse in margins. Steel production in July plunged about 9% on both the month... 


The Tosyali Holding logo on a piece of paper
Türkiye's Tosyali to establish integrated iron and steel plant in Angola
15th August 2024 By: Reuters

Turkish steelmaker Tosyali Holding said on Thursday that it will form a partnership with Angola's state oil company Sonangol to establish an integrated iron and steel plant. Tosyali's subsidiary in... 


Dawie Roodt
Be prepared for new economic future as biggest Electra Mining Africa show approaches
14th August 2024 By: Martin Creamer

South Africa’s preparation for a brand new economic future is coinciding with the biggest ever Electra Mining Africa show, which takes place in Johannesburg, from September 2-6. Five interconnected... 


Steel pipes at a market in China
World’s biggest steel producer warns of ‘severe’ industry crisis
14th August 2024 By: Bloomberg

China’s steel industry is facing a crisis more serious than the downturns of 2008 and 2015, the leading producer warned, highlighting a need to preserve cash and likening conditions to a “severe... 


South Africa's mining production decreased by 3.5% y/y in June
13th August 2024 By: Creamer Media Reporter

South Africa's mining production decreased by 3.5% year-on-year in June, with gold, platinum group metals (PGMs), coal and "other" metallic minerals having made the biggest negative contributions.... 


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... 


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