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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... 


Deputy President Paul Mashatile
Mashatile sees South Africa's growth accelerating in 2025
30th September 2024 By: Bloomberg

Economic growth in South Africa is expected to accelerate next year as the country recovers from output-sapping power cuts and the nation’s new coalition government focuses on investing in... 


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... 


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... 


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... 


ArcelorMittal South Africa CEO Kobus Verster says there is more positive outlook for the country.
South Africa’s coalition government triggers wave of investment
23rd September 2024 By: Bloomberg

The formation of South Africa’s business-friendly coalition government has triggered a wave of investment announcements and positive sentiment not seen in years, spurring hope that Africa’s biggest... 


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... 


Global steel prices to trend lower on uncertain China demand recovery, study says
6th September 2024 By: Reuters

Global average steel prices are likely to trend downwards as China's domestic demand is expected to soften owing to a sluggish property sector, a report by Fitch Solutions unit BMI said on... 


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.” 


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