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Iron-ore

BHP, Vale reach agreement over 2015 Brazil dam collapse proceeding in UK
BHP, Vale reach agreement over 2015 Brazil dam collapse proceeding in UK
12th July 2024 By: Reuters

Mining giants BHP and Vale reached a deal on Friday to split equally the cost of any damages related to proceedings in Britain over a 2015 dam collapse in Brazil that killed 19 people, while... 


Speakers participating in a webinar on the EU's Carbon Border Adjustment Mechanism
Establishment of carbon borders not supported by climate finance commitments
11th July 2024 By: Schalk Burger

The European Union (EU) is one of the first regions to establish a Carbon Border Adjustment Mechanism (CBAM) scheme, with the current requirement that companies report on the total carbon footprint... 


A stockpile of iron-ore
Looming wave of iron-ore supply threatens $100 price floor
10th July 2024 By: Bloomberg

Iron-ore prices are likely to stay in three digits for the rest of 2024, insulated to a large degree from China’s faltering economy by cost support that kicks in at around $100 a ton. But that... 


Candidates to be next CEO of Brazil miner Vale recommended
10th July 2024 By: Reuters

A consulting firm hired by Brazilian mining company Vale to help with its chief executive succession process has presented its board of directors with 15 potential candidates, local newspaper O... 


Kumba appoints new independent nonexecutive director
3rd July 2024 By: Darren Parker

Diversified mining major Anglo American’s Kumba Iron Ore subsidiary has announced the appointment of Neo Violet Mokhesi as an independent nonexecutive director with effect from July 1. She will... 


Australian Vanadium completes initial phase of optimised study
2nd July 2024 By: Creamer Media Reporter

Exploration and development company Australian Vanadium (AVL) has completed the first phase of an optimised feasibility study for its Western Australian project, confirming the preferred... 


Vale reports second board exit in four months amid CEO search
Vale reports second board exit in four months amid CEO search
2nd July 2024 By: Reuters

Brazilian miner Vale has lost its second board member in less than four months, it said in a filing on Monday, reporting the resignation of Vera Marie Inkster. Vale, which is in the process of... 


Minerals Council CEO Mzila Mthenjane (left) and VP Paul Dunne.
South Africa will be well represented at Shanghai Platinum Week, Minerals Council assures
28th June 2024 By: Martin Creamer

South Africa will be well represented at the upcoming Shanghai Platinum Week 2024, which takes place from July 8 to 11, Minerals Council South Africa VP Paul Dunne has highlighted. This major event... 


Businessmen shaking hands
Dealmakers optimistic on global M&A prospects despite sluggish growth
28th June 2024 By: Reuters

Global mergers and acquisitions (M&A) activity grew at a sluggish pace in the second quarter, yet many dealmakers are upbeat, forecasting transactions will pick up in the second half of 2024.... 


The aftermath of the collapsed dam
Claimants for deadly Mariana dam collapse file injunction against BHP, Vale
27th June 2024 By: Reuters

Lawyers representing claimants taking legal action over Brazil's worst environmental disaster filed an injunction this week against miners BHP and Vale for "trying to derail" a potential... 


Anglo paid $23.5bn in taxes, economic contributions in 2023
27th June 2024 By: Darren Parker

Diversified mining major Anglo American paid about $23.5-billion in total tax and economic contributions throughout its global operations during 2023, a decrease from about $24.5-billion in 2022.... 


Minerals Council CEO Mzila Mthenjane being interviewed by Mining Weekly.
Mining needs one-stop regulatory environment to boost growth – Minerals Council
27th June 2024 By: Martin Creamer

South African mining needs what is often referred to as a one-stop shop to ensure that an applicant is not sent from one department to the other but goes to one place where the application is... 


Nolitha Fakude, Thuli Madonsela, Mzila Mthenjane and Paul Miller.
Mining central to South Africa’s socioeconomic wellbeing, AGM hears
26th June 2024 By: Martin Creamer

Given its far-reaching multiplier effect, mining is the epicentre of South Africa’s economy and social wellbeing and has been at the heart of its economic progress and development for much of this... 


Employees working underground at an Implats mine
Mining sector employment holds up well despite first-quarter decline
26th June 2024 By: Creamer Media Reporter

Following five uninterrupted quarters of job gains, employment in the mining sector declined during the first quarter of this year, the Minerals Council South Africa reports. Citing Statistics... 


Vale returns to global debt markets with sale of dollar bonds
26th June 2024 By: Bloomberg

Vale, the world’s second largest iron-ore producer, is tapping international bond markets for the first time in a year amid a debt buyback. Vale Overseas, a subsidiary of the Rio de Janeiro-based... 


A solar farm in the Atacama desert
BHP Group's carbon emissions to rise slightly this year
26th June 2024 By: Reuters

BHP Group's operational carbon emissions are set for a "small increase" this financial year, an executive said on Wednesday, as the miner said its path to net zero would not be linear and requires... 


Barrick Gold chairperson John Thornton
Business model of Western mining industry needs new power, London Indaba highlights
25th June 2024 By: Martin Creamer

New power is needed by the Western mining industry, which is still functioning on a trailing old power business model. This was highlighted at Tuesday’s London Indaba, where a spotlight was shone... 


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Exxaro warns of price, production dip in first half
25th June 2024 By: Darren Parker

Diversified miner and renewable energy company Exxaro Resources expects to report lower coal and iron-ore prices, as well as lower production, for the first six months of this year. With respect to... 


University of Fort Hare Vice-Chancellor Professor Sakhela Buhlungu (left) and South Africa President Cyril Ramaphosa.
Global gold mining major highlights academic partnership with South Africa’s Fort Hare
21st June 2024 By: Martin Creamer

The University of Fort Hare, where the offspring of mineworkers were the first graduates, has agreed a R12.5-million, initial ten-year academic partnership with gold mining major AngloGold Ashanti,... 


China Baowu completes purchases of stake at Simandou project
China Baowu completes purchases of stake at Simandou project
21st June 2024 By: Bloomberg

China Baowu Steel Group has completed its purchase of a stake in the Simandou project in Guinea, as China’s top steelmaker looks to expand its interest in the world’s largest untapped iron ore... 


MinRes to shut Yilgarn iron-ore mine
MinRes to shut Yilgarn iron-ore mine
19th June 2024 By: Mariaan Webb

Diversified miner Mineral Resources (MinRes) will shut its Yilgarn iron-ore mine, in Western Australia’s Goldfields region, at the end of the year. The decision, announced on Wednesday, follows... 


Fortescue is the world's fourth-biggest iron-ore miner
US-based Capital Group sells Fortescue shares worth A$734m
19th June 2024 By: Reuters

US-based investment management firm Capital Group Companies has sold shares worth A$733.9-million in Australian miner Fortescue, according to an exchange filing on Wednesday. The announcement came... 


BCI sells Iron Valley to MinRes for A$73m
BCI sells Iron Valley to MinRes for A$73m
14th June 2024 By: Creamer Media Reporter

Resources company BCI will sell the Iron Valley iron-ore mine, in the Pilbara, to Polaris Metals, a subsidiary of ASX-listed Mineral Resources (MinRes). Iron Valley is currently operated by MinRes... 


Vale expects tentative dam collapse settlement with Brazil authorities this month
14th June 2024 By: Reuters

Brazilian miner Vale expects to reach a tentative agreement by the end of this month with Brazilian federal and state authorities to settle reparations over the deadly 2015 collapse of a tailings... 


Vale CEO Eduardo Bartolomeo
China steel demand plateaus at a decent level, Vale’s boss says
14th June 2024 By: Bloomberg

Chinese steel demand “has definitely plateaued” due to property woes, though the Asian nation’s appetite for the material is still at a “decent level,” said the head of the world’s second-largest... 


New iron-ore exporter for Port of Esperance
New iron-ore exporter for Port of Esperance
13th June 2024 By: Mariaan Webb

The Port of Esperance, in Western Australia, is set to increase its iron-ore trade by 1.5-million tonnes a year, following a new agreement announced by Ports Minister David Michael. Gold Valley... 


Julie Shuttleworth
Fortescue loses another senior leader
13th June 2024 By: Bloomberg

Fortescue has confirmed the resignation of its director of global growth, Julie Shuttleworth, who previously served as group deputy chief executive and CEO of the green energy division.... 


AmaranthCX director Paul Miller.
Reserve Bank concern about decline of public markets welcome development – Miller
12th June 2024 By: Martin Creamer

The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter... 


Western Australia resolves mining imbroglio threatening licences
Western Australia resolves mining imbroglio threatening licences
12th June 2024 By: Bloomberg

Western Australia’s government has approved draft legislation that will ensure the security of mining licenses and permits in the state, a major producer of iron-ore. The legislation, to be passed... 


Minerals Council South Africa CEO Mzila Mthenjane
Minerals Council calls for collaborative relationship among govt, labour, civil society and the private sector
10th June 2024 By: Creamer Media Reporter

As political parties discuss the way forward in establishing a government of national unity, the Minerals Council South Africa says it and its members are advocating for a constructive,... 


South Africa pioneered hydrogen haul truck.
World Hydrogen alerted to benefit of South Africa’s zero-emission hydrogen haul truck
7th June 2024 By: Martin Creamer

One hydrogen haul truck eliminates the deleterious carbon emissions of the equivalent of 700 cars, First Mode global hydrogen sourcing director James Betts highlighted during this week’s World... 


Brazil seeks $20.7bn from Vale, BHP over 2015 dam collapse
7th June 2024 By: Reuters

Brazil's government presented on Thursday a counteroffer requesting that miners Vale and BHP and their joint venture Samarco pay 109-billion reais ($20.74-billion) as reparations for a tailings dam... 


Ironveld assessing options amid financing hiccup
6th June 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, says it is assessing its options as it... 


MinRes sells stake in Onslow Iron haul road for A$1.3bn
MinRes sells stake in Onslow Iron haul road for A$1.3bn
5th June 2024 By: Creamer Media Reporter

ASX-listed Mineral Resources (MinRes) on Wednesday announced a binding agreement to sell a 49% interest in the Onslow Iron project’s dedicated haul road to Morgan Stanley Infrastructure Partners... 


Need for quick exploration activity.
First call applications for R400m junior mining exploration fund close July 12
4th June 2024 By: Martin Creamer

The first call applications for the R400-million junior mining exploration fund (JMEF) close on July 12. This was stated on Tuesday in a media release issued by the Department of Mineral Resources... 


Rio Tinto Iron Ore CEO Simon Trott
Rio Tinto invests $143m in low-carbon ironmaking R&D facility
4th June 2024 By: Creamer Media Reporter

Mining giant Rio Tinto has announced a $143-million investment to establish a research and development (R&D) facility in Western Australia to test the effectiveness of its low-carbon ironmaking... 


BHP CEO Mike Henry
BHP faces a test of patience after $49bn Anglo bid falters
4th June 2024 By: Bloomberg

Days after BHP Group failed to secure the $49-billion takeover of smaller rival Anglo American, investors have one message for CEO Mike Henry — keep your cool. BHP argues it showed restraint in... 


Iron-ore tumbles to lowest in six weeks on China demand concerns
Iron-ore tumbles to lowest in six weeks on China demand concerns
3rd June 2024 By: Bloomberg

Iron-ore dropped to the lowest level in more than six weeks on worries over the outlook for Chinese demand, which has been hammered by the protracted property crisis. China’s housing slump is now... 


Champion Iron reports higher profit
Champion Iron reports higher profit
31st May 2024 By: Mariaan Webb

Quebec iron-ore miner Champion Iron has reported a robust revenue and net income performance for the year ended March 31, 2024. Despite facing challenges due to lower selling prices and logistical... 


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