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Drill rig
Capital posts solid growth in second-quarter revenue
18th July 2024 By: Marleny Arnoldi

London-listed mining services company Capital has posted a 16.6% year-on-year increase in revenue to just under $90-million for the quarter ended June 30. The revenue generated in the quarter... 


Duncan Wanblad shaking hands with Wits University vice-chancellor Professor Zeblon Vilakazi at the hand over of Anglo’s 47 Main street, Johannesburg building, to Wits Business School (WBS), with Anglo chairperson Nolitha Fakude (left) and  WBS head Prof Maurice Radebe (right).
We’ve delivered strong second-quarter production – Anglo CE
18th July 2024 By: Martin Creamer

Diversified mining company Anglo American on Thursday emphasised its embedding of operational resourcefulness across its asset base and highlighted its second-quarter performance as being strong.... 


Kumba Iron Ore CE Mpumi Zikalala
Kumba Iron Ore expecting half-year earnings to be 24% to 29% lower
18th July 2024 By: Martin Creamer

The basic earnings of iron-ore mining company Kumba for the six months to June 30 are expected to between 24% and 29% lower than for the first six months of last year. The decreased R6 847-million... 


Andrew Forrest
Fortescue hits brakes on green hydrogen plans
18th July 2024 By: Bloomberg

Billionaire Andrew Forrest is scaling back his plans to turn Australian miner Fortescue into a green hydrogen heavyweight, blaming high energy prices for a setback that has prompted an overhaul of... 


Iron-ore majors ramp up supply even as China faces challenges
Iron-ore majors ramp up supply even as China faces challenges
17th July 2024 By: Bloomberg

The world’s biggest iron-ore producers are hurling plenty of dirt, adding tons of the steel-making commodity to the seaborne market even as top user China battles a demand-sapping property crisis.... 


BHP posts second straight year of record iron-ore production, beats estimates
BHP posts second straight year of record iron-ore production, beats estimates
17th July 2024 By: Reuters

BHP Group on Wednesday reported record annual iron-ore production for a second consecutive year, helped by improved weather conditions and higher contribution from its South Flank operations in... 


Vale sees iron-ore output at high-end of 2024 guidance after Q2 rise
Vale sees iron-ore output at high-end of 2024 guidance after Q2 rise
17th July 2024 By: Reuters

Brazilian miner Vale expressed confidence on Tuesday that it would reach the high-end of its 2024 guidance for iron ore production after output increased in the second-quarter. The company, one of... 


Venture sells Riley iron-ore mine
16th July 2024 By: Creamer Media Reporter

ASX-listed Venture Minerals has sold the Riley iron-ore mine to Goldvalley Brown Stone for A$3-million. The Riley mine, in Tasmania, has been on care and maintenance since 2021. 


Rio Tinto's iron-ore shipments miss estimates due to May train derailment
Rio Tinto's iron-ore shipments miss estimates due to May train derailment
16th July 2024 By: Reuters

Global mining giant Rio Tinto reported second-quarter iron ore shipments below analyst estimates on Tuesday, reflecting impacts to production from a train derailment in mid-May. The world's... 


Rio Tinto CEO Jakob Stausholm
Rio Tinto ‘growing with discipline’, says CEO
16th July 2024 By: Mariaan Webb

Australia-headquartered mining major Rio Tinto is continuing to grow in the materials the world needs for the energy transition and is doing so “with discipline”, CEO Jakob Stausholm said on... 


Vale seeks go-ahead to build iron-ore mine by biodiversity haven
16th July 2024 By: Bloomberg

Vale is seeking to boost iron-ore output by reviving efforts to develop a controversial mine in a mountainous region of southeastern Brazil known for its lush forests and endangered wildlife. The... 


Rio Tinto Simfer developing  rail infrastructure for the Simandou project.
Rio Tinto's Guinea iron-ore mine and infrastructure project clears all regulatory hurdles
16th July 2024 By: Mariaan Webb

The major Simandou iron-ore mine and infrastructure project, in Guinea, has cleared all regulatory hurdles, marking the path forward for $11.6-billion integrated development. The project, hailed... 


Trafigura and Mubadala plan sale of Rio iron-ore port
Trafigura and Mubadala plan sale of Rio iron-ore port
15th July 2024 By: Bloomberg

Trafigura Group and Mubadala Capital are exploring the sale of a Brazilian iron-ore port terminal operator they acquired from former billionaire Eike Batista about a decade ago, according to people... 


Freight train owned by Russian aluminium giant crashes in Guinea
15th July 2024 By: Bloomberg

A freight train carrying alumina owned by Russian aluminium giant United Co. Rusal was derailed on Thursday in Guinea’s capital Conakry, according to Radio Television Guineenne. The incident caused... 


Zutari’s 2024 Impact Awards celebrate co-creation with key clients
Zutari’s 2024 Impact Awards celebrate co-creation with key clients
12th July 2024

Leading consulting engineering and infrastructure advisory firm Zutari celebrated its collaboration and co-creation with key clients at its 2024 Impact Awards. “The projects celebrated captures... 


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... 


Mining output on track for second-quarter decline – Minerals Council
12th July 2024 By: Sabrina Jardim

Statistics South Africa (Stats SA) has reported that seasonally adjusted total mining production declined by 0.6% month-on-month in May. This follows a 0.8% month-on-month rise in April. In level... 


Magazine Cover image
Mining companies, suppliers team up to advance evolving ESG goals
12th July 2024 By: Marleny Arnoldi

The South African mining industry continues to be a key contributor to the fiscus, with local producers and suppliers paying about R14-billion in royalties and R90-billion in taxes in the year... 


Image of iron-ore on a train
BioIron Research and Development Facility, Australia
12th July 2024 By: Sheila Barradas

Rio Tinto plans to develop a research and development facility to further assess the effectiveness of its low-carbon BioIron ironmaking process.  


Magazine Cover image
Mining companies, suppliers team up to advance evolving ESG goals
12th July 2024 By: Marleny Arnoldi

The South African mining industry continues to be a key contributor to the fiscus, with local producers and suppliers paying about R14-billion in royalties and R90-billion in taxes in the year... 


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... 


Hot Chili's new venture to quench mines in water-scarce Huasco Valley
Hot Chili's new venture to quench mines in water-scarce Huasco Valley
8th July 2024 By: Mariaan Webb

Copper company Hot Chili has announced the establishment of Huasco Water a new joint venture (JV) water company formed to supply sea water and desalinated water to mine developments in a part of... 


Image of vanadium ore
Australian vanadium project, Australia – update
5th July 2024 By: Sheila Barradas

Australian Vanadium Limited has completed the first phase of an optimised feasibility study for the project. 


Iron-ore hits highest in month on hopes China’s demand improving
4th July 2024 By: Bloomberg

Iron-ore touched its highest in nearly a month as traders bet on a modest improvement for China’s steel market. Futures in Singapore rose the previous four trading days and are up more than 6%... 


Citrus being sorted for export
A rare South African export success is threatened by crumbling ports
4th July 2024 By: Bloomberg

At a packhouse at Blydevallei Boerdery, near South Africa’s eastern border with Mozambique, workers pluck unripe grapefruit off a conveyor belt. It’s the best chance of getting them to export... 


Vale picks mining veteran to lead base metals turnaround
Vale picks mining veteran to lead base metals turnaround
4th July 2024 By: Bloomberg

Vale has selected veteran mining executive Shaun Usmar to take the helm of its base metals division as the Brazilian metals producer seeks to boost copper and nickel production, according to people... 


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... 


ArcelorMittal South Africa CEO Kobus Verster
AMSA to continue operating longs business, but instability at flats unit hits earnings
2nd July 2024 By: Terence Creamer

Despite a negative trading update, steel producer ArcelorMittal South Africa (AMSA) has announced that it will continue to operate its longs business, the closure of which was deferred earlier this... 


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... 


Thelo to raise $250m with eye on Africa’s giant rail corridors
25th June 2024 By: Bloomberg

Thelo Group’s management plans to buy Deutsche Bahn’s 49% shareholding and is in talks with financiers to raise $250-million to help the South African company transform into a developer of rail... 


BME Managing Director Ralf Hennecke
Experience, ESG, innovation drives region’s mining
25th June 2024

Mining has been an economic mainstay for Southern African economies in recent years, the task is now to build on the momentum that has been created, according to Omnia group company BME. The... 


grootegeluk
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... 


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... 


An image of Francois van Loggerenberg addressing portable skills training programme participants
Mining company empowers youth through trade training
21st June 2024

Empowering young people through skills development is crucial for fostering progressive and sustainable socioeconomic activity, and laying solid foundations within communities, and is an essential... 


An image of the Quellaveco copper mine
Major focuses on regional sustainability
21st June 2024 By: Lumkile Nkomfe

Amid an increased focus on the clean energy transition, diversified mining group Anglo American highlights sustainability as an integral aspect of how it operates and that the company goes to great... 


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... 


Transnet to boost rail for VW, other automakers
Transnet to boost rail for VW, other automakers
14th June 2024 By: Bloomberg

Transnet said it’s in talks to run additional trains between a port in Gqeberha in the Eastern Cape province and the country’s commercial hub of Gauteng to better link the two automotive... 


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 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... 


Barloworld profit dips as local mining industry slows
14th June 2024 By: Irma Venter

Barloworld’s South African businesses continued to face a myriad of challenging trading conditions, says CEO Dominic Sewela. Announcing the group’s financial results for the six months ended March... 


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Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

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