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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... 


Amplats' Mogalakwena operations
Anglo American South Africa raises R7.2bn through sale of some Amplats shares
11th September 2024 By: Creamer Media Reporter

Anglo American South Africa, a subsidiary of diversified miner Anglo American, has sold 13.94-million shares of Anglo American Platinum (Amplats) at a price of R515 a share, raising gross proceeds... 


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... 


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