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FE raises cash for Tennant Creek buy

By: Esmarie Iannucci     24th September 2021 Junior FE Limited on Friday announced a A$5-million capital raise to fund the acquisition of a 60% interest in a copper/gold project, in the Northern Territory. The ASX-listed company has struck a deal with Gecko Mining Company (GMC) to acquire the majority interest in its tenement package, at... 

New valve manufactured for tailings pipelines

By: Halima Frost     24th September 2021 Although South African company Dynamic Fluid Control (DFC) has only soft launched its new slurry knife gate high-pressure valve, the SKG-HP, it has been well received by clients. The clients intend to use the valve in highly corrosive applications such as moving tailings from a processing plant... 

Jib crane to be used for underground ore recovery

By: Schalk Burger     24th September 2021 Crane and hoist manufacturer Condra Cranes designed, manufactured and delivered a large jib crane that will be trialled for the bulk recovery of ore spilled underground. The 5 t crane has a 9 m lifting height and a slewing radius of 5 m, with an orange-peel hydraulic grab and electromagnet – a... 

Vale drops prospects rights on indigenous lands in Brazil

By: Reuters     23rd September 2021 Brazilian miner Vale has given up all rights to mining prospects on indigenous lands in Brazil, recognizing that they require the consent of the communities and legislation regulating such activity, the company said on Wednesday. Vale said in a statement that since last year it has returned to... 

Fortescue makes new appointment as focus shifts

By: Esmarie Iannucci     23rd September 2021 Iron-ore major Fortescue Metals on Thursday announced a number of executive appointments as the company started its transition from a pure play iron-ore producer to a green renewables and resources company. Dino Otranto has been appointed COO of iron-ore at Fortescue, joining the company from... 

Iron-ore storms past $100 as China soothes Evergrande concerns

By: Bloomberg     22nd September 2021 Iron-ore’s roller-coaster ride in 2021 shows no signs of easing, with prices ending an unprecedented slump to move sharply higher as investors monitor simmering debt troubles at China Evergrande Group. The developer’s onshore property unit said it reached an agreement with yuan bondholders on an... 

Low iron-ore prices suspend GRW production

By: Esmarie Iannucci     22nd September 2021 Junior GWR has suspended mining operations at its C4 iron-ore mine, in Western Australia, for a period of 30 days as it reviews costs and iron-ore pricing. The ASX-listed company said on Wednesday that the mine will be left in a production-ready state to take advantage of a recovery in iron-ore... 

Iron-ore woes endure as Chinese steel demand faces 'last hurrah'

By: Bloomberg     21st September 2021 Iron-ore’s rollercoaster ride this year is set to end with a whimper as the contraction in China’s steel industry heralds further declines. The steelmaking ingredient was in the vanguard of this year’s commodities boom, but has plunged 60% from a record above $230 a ton in May. Curbs on steel... 

Glencore is leading transition metals major, says Deutsche Bank Research 

By: Martin Creamer     20th September 2021 Glencore is the leading major mining company when it comes to its portfolio of transition metals, says Deutsche Bank Research. The bank’s research analysts afford Glencore a top 1-to-5 position in copper, cobalt, zinc and nickel – metals they describe as being central to world’s decarbonisation... 

Iron-ore’s rout keeps rolling as China imposes more steel curbs

By: Bloomberg     20th September 2021 Iron-ore extended its slump below $100 a ton as China stepped up restrictions on industrial activity in some provinces. Prices have collapsed about 60% since a record in May, with futures trading below three figures for the first time in more than a year, as steel production curbs hammer demand.... 

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