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Press Office - Weba Chute Systems & Solutions

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... 


Minerals Council CEO Tania Constable
Australia should address concerns of mining industry, group says
9th September 2024 By: Bloomberg

Australia should resolve issues related to the environment approval process, said Tania Constable, CEO of the country’s minerals council, highlighting the industry’s concerns that the development... 


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... 


Challenging trade environment dents Grindrod’s profit
6th September 2024 By: Irma Venter

Grindrod encountered a “very challenging environment” in the first six months of the year, says CEO Xolani Mbambo. “It’s been difficult.” 


Image of iron-ore bucket excavator
Apolo iron-ore project, Brazil
6th September 2024 By: Sheila Barradas

Vale plans to build a mine, a processing plant and an 8 km rail branch to connect to the Vitória a Minas. 


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... 


Bifurcation a big test of miners’ mettle
4th September 2024

By: Richard Roberts - Editorial Director, Beacon Events ‘Various companies, governments and investors have been grappling with the question of how to shorten timelines to production’ 


Mineral Resources CEO Chris Ellison
Trafigura struck $400m cash-for-iron-ore deal with MinRes
4th September 2024 By: Bloomberg

Trafigura Group has struck a $400-million prepayment deal for iron ore with Mineral Resources, as the Australian miner focuses on preserving cash amid a downturn in its two main commodities. The... 


Goldman slashes copper forecast on softening Chinese demand
Goldman slashes copper forecast on softening Chinese demand
3rd September 2024 By: Reuters

China’s increasingly disappointing economic recovery will delay an expected rally in copper, said Goldman Sachs Group as it slashed its forecast for next year by almost $5 000/t. The sharp drop in... 


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... 


Rio, BYD among prospective Enami lithium partners in Chile
30th August 2024 By: Bloomberg

Rio Tinto Group and BYD were selected among prospective partners to develop lithium assets in Chile as part of efforts to tap more of the world’s biggest reserves of the battery metal despite... 


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... 


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... 


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... 


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... 


Australian shares rise as BHP Group, Woodside Energy shine on upbeat earnings
Australian shares rise as BHP Group, Woodside Energy shine on upbeat earnings
27th August 2024 By: Reuters

Australian shares advanced on Tuesday, led by mining and energy stocks after sector majors BHP Group and Woodside Energy posted strong earnings, while investors remained focused on a key local... 


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... 


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... 


Miners tap trucks, divert shipments to sidestep Canada rail woes
Miners tap trucks, divert shipments to sidestep Canada rail woes
23rd August 2024 By: Bloomberg

Two mining giants are re-routing shipments and turning to trucks to deal with disruptions from a Canadian railway stoppage that threatens to undermine the industry’s operations. Rio Tinto Group... 


Four large bricks of platinum on a white background
Survey highlights PGMs’ socioeconomic contribution
23rd August 2024

To develop an improved understanding of the extent to which mining matters to nearby communities, and more broadly to South Africa as a whole, mining industry lobby association Minerals Council... 


Women in Industry - BVi Consulting Engineers
Women in Industry - BVi Consulting Engineers
23rd August 2024

BVi prides itself on providing professional services in identifying and implementing engineering projects for medium to large corporations, in South Africa and internationally. Munyamela Muofhe... 


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... 


Customer survey reveals standout satisfaction with TOMRA Mining service support
Customer survey reveals standout satisfaction with TOMRA Mining service support
21st August 2024

The Customer Survey, conducted for TOMRA Mining’s Service Team by market research company B2B Research, revealed a standout level of overall satisfaction with a remarkable average score of 6.3 on a... 


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... 


Coal-rich Indian state to pass mining tax after court ruling
20th August 2024 By: Bloomberg

The Indian state of Jharkhand has passed a bill imposing mining taxes, according to people familiar with the matter, a move that’s set to inflate the prices of minerals from coal to bauxite. The... 


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... 


Women in SA mining end women’s month on a high - Sandton
19th August 2024

Pinpoint Stewards a women owned conference and training company will be hosting the Annual Women & Leadership Conference taking place on 28 & 29 August, NH Collection Hotel, Sandton.  One of the... 


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... 


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