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Weba Chute Systems & Solutions

Press Office - Weba Chute Systems & Solutions

Gabon iron-ore firm Gemin to raise A$10m
4th October 2024 By: Creamer Media Reporter

ASX-listed, Africa-focused iron-ore company Genmin has received firm commitments to raise A$10-million through a two-tranche placement and executed an arm’s length $1-million working capital... 


 Mineral and Petroleum Resources Minister Gwede Mantashe
South Africa remains attractive mining investment destination – Mantashe
4th October 2024 By: Sabrina Jardim

Despite the South African mining industry having recorded two months of decline in production across some sectors such as coal and iron-ore, Mineral and Petroleum Resources Minister Gwede Mantashe... 


Sudden shift in China metals sentiment drives LME week optimism
4th October 2024 By: Bloomberg

Metals traders arriving in London for LME Week were in for a surprise as they caught up with friends and customers from China. For the last couple of years, the biggest consumer and producer has... 


Anglo American CEO Duncan Wanblad
Anglo American not a sitting duck after breakup, CEO says
4th October 2024 By: Reuters

Anglo American will not be an "inevitable" takeover target after its unbundles its diamond, platinum, nickel and coal assets, CEO Duncan Wanblad said on Thursday. The mining giant is restructuring... 


Macmahon’s Decmil bags A$61m Marble Bar road project
3rd October 2024 By: Creamer Media Reporter

Mining company HanRoy Iron Ore has awarded a A$61-million road upgrade project to Macmahon subsidiary Decmil. Decmil will upgrade 23 km of road to main roads Western Australia standards on the... 


Vale backs Brazil critical minerals fund in nod to government
3rd October 2024 By: Bloomberg

Vale is committed to investing in Brazil’s first fund to support critical minerals as it seeks to diversify, the new chief of the world’s No. 2 iron-ore supplier said Wednesday. Vale has 90% of... 


Vale CEO Gustavo Pimenta
Vale's new boss pledges to grow copper output after falling behind rivals
3rd October 2024 By: Reuters

Brazilian miner Vale aims to boost its copper production, the company's new CEO said on Wednesday, conceding it has lost ground to its competitors in output of the key industrial metal. Vale is a... 


A Transnet Freight Rail train on the Sishen-Saldanha iron-ore corridor
Phillips says Transnet not yet on track to meet 193Mt rail ‘stretch target’
2nd October 2024 By: Terence Creamer

Meeting the 193-million-ton rail stretch target set under the newly launched second phase of the partnership between business and government would require a significant amount of work and... 


Minerals Council South Africa CEO Mzila Mthenjane
Infrastructure rehabilitation, more exploration crucial for South African mining industry growth, Mthenjane says
2nd October 2024 By: Darren Parker

Minerals Council South Africa CEO Mzila Mthenjane believes that growing the South African mining industry depends on restoring mining capacity through infrastructure rehabilitation in the short... 


Uganda President Yoweri Museveni
Uganda sets up State-owned firm to take stakes in mining operations
2nd October 2024 By: Reuters

Uganda has formed a State-owned mining company to manage the government's equity interests in mining operations, its minister for energy and mineral development, Ruth Nankabirwa, said. All mining... 


Navigating Namibia's mining sector challenges: Strategies for growth and stability
Navigating Namibia's mining sector challenges: Strategies for growth and stability
1st October 2024

By: Julien Karambua - MD at Workforce Staffing Namibia Namibia's mining sector, a cornerstone of the country's economy, is undergoing a significant resurgence, particularly around uranium and gold... 


Iron-ore soars to near three-month high on China's fresh property stimulus
30th September 2024 By: Reuters

Iron ore futures surged to a near three-month high on Monday, propelled by improving demand outlook on the back of top consumer China's latest property stimulus and a raft of monetary easing... 


Freeport cranks up copper output as rivals scour for deals to grow
Freeport cranks up copper output as rivals scour for deals to grow
30th September 2024 By: Reuters

Freeport-McMoRan is turbo-charging its copper output across three continents with no plans to join a buyout frenzy sweeping the mining industry, a strategy that analysts say positions the company... 


Australia revises down commodity revenue forecasts as prices trend lower
Australia revises down commodity revenue forecasts as prices trend lower
30th September 2024 By: Reuters

Australia slightly revised down its forecasts for resource and energy export earnings on Monday as lower prices across a broad range of commodities and a stronger currency continued to pressure a... 


Iron-ore rallies back above $100 as China’s vows boost outlook
27th September 2024 By: Mariaan Webb

Iron-ore headed for the biggest weekly gain since April — with futures topping $100 a ton — after policymakers in China unveiled a blitz of initiatives to support growth in the world’s largest user... 


Iron Road explores wind power for Central Eyre Iron Project
27th September 2024 By: Mariaan Webb

Australian miner Iron Road is collaborating with a subsidiary of Denmark-based wind power group Vestas to explore the supply of green electricity for its Central Eyre Iron Project (CEIP), in South... 


Andrew Forrest
Fortescue, Liebherr secure orders for 100 electric mining trucks, Forrest says
27th September 2024 By: Reuters

Australian miner Fortescue and German-Swiss equipment manufacturer Liebherr have secured orders for 100 autonomous battery-powered mining trucks for other mining and transport companies, Fortescue... 


Russia's USM threatens legal action over confiscation of its iron-ore in Ukraine
27th September 2024 By: Reuters

MOSCOW – Russia's USM said on Friday it will take legal action against any party seeking to buy iron-ore expropriated from the conglomerate by Ukrainian authorities. It rejected a ruling by... 


CAUTIOUS MOOD: Recent volatility in the iron-ore price, which sank below $90/t for the first time since 2022 earlier this month, reflects concern about the steel crisis in China. But there is also a more cautious mood about the outlook for growth more generally, weighed down by political uncertainty in the US. However, steel-buying typically recovers after the Northern Hemisphere’s summer months, which could provide some respite. Photograph: Bloomberg
CAUTIOUS MOOD
27th September 2024

Recent volatility in the iron-ore price, which sank below $90/t for the first time since 2022 earlier this month, reflects concern about the steel crisis in China. But there is also a more cautious... 


Image of iron-ore sorters
BMM iron-ore project, South Africa – update
27th September 2024 By: Sheila Barradas

Development is well under way. 


Caterpillar's Denise Johnson with BHP's Ragnar Udd in front of the Cat 798.
BHP to trial energy transfer technology from Caterpillar
26th September 2024 By: Creamer Media Reporter

BHP has become the first customer to announce plans to trial Caterpillar's newly launched Cat Dynamic Energy Transfer (DET) system on its battery-electric and diesel-electric mining trucks. The... 


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... 


Applied innovation key to speeding green steel shift: Timo Haimi
26th September 2024

By: Richard Roberts - Editorial Director, Beacon Events New, and some old, technology will play a major part in decarbonisation drive. 


Copper caught in 'materials trilemma'
25th September 2024

By Richard Roberts, Editorial Director, Beacon Events ‘The lead time of a normal copper project is already longer than the 11 years we have left until 2035’ 


China mining heavyweights partner with Zimbabwe on lithium mine
25th September 2024 By: Bloomberg

Chinese miners Zhejiang Huayou Cobalt and Tsingshan Holding Group are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company. The two firms already... 


Copper caught in ‘materials trilemma’
25th September 2024

By: Richard Roberts - Editorial Director, Beacon Events ‘The lead time of a normal copper project is already longer than the 11 years we have left until 2035’ 


Iron-ore soars on China stimulus, lower global supply
Iron-ore soars on China stimulus, lower global supply
25th September 2024 By: Reuters

Iron-ore futures prices surged on Wednesday, as a fresh batch of policy easing measures from top consumer China lifted market sentiment, while lower global supply also lent support. The... 


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.... 


Image of Chile map/flag
Santo Domingo copper/iron/gold project, Chile
20th September 2024 By: Sheila Barradas

The 2024 feasibility study has outlined a robust project that is expected to average 106 000 t of copper, 3.7-million tonnes of iron concentrate and 35 000 oz of gold over the first seven years of... 


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.... 


Gold miners say they’re now disciplined as dealmaking heats up
Gold miners say they’re now disciplined as dealmaking heats up
19th September 2024 By: Bloomberg

With gold prices at a record high, mining companies are back hunting for deals while trying to reassure investors that they’ve learned from past mistakes of overspending. There has been a flurry... 


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... 


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... 


Image of iron-ore operation
Beebyn-W11 project iron-ore project, Australia
13th September 2024 By: Sheila Barradas

A feasibility study has revealed a high-grade and -quality project that provides strong returns over the life of the mine.  


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... 


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... 


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... 


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SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
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