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Simandou’s high-grade, low impurity formation is a rare opportunity for Rio Tinto to diversify its portfolio, particularly as demand increased for grade suitable for greener steel.
Rio Tinto board approves Simandou investment
22nd February 2024 By: Mariaan Webb

The board of Rio Tinto has given the nod to the Simandou iron-ore project, in Guinea, CEO Jakob Stausholm has revealed. The approval is contingent on meeting outstanding conditions, including... 


Fortescue beats on first-half profit, posts strong dividend
Fortescue beats on first-half profit, posts strong dividend
22nd February 2024 By: Reuters

Australia's Fortescue on Thursday posted a 41% jump in its half-year profit and declared a better-than-expected dividend, supported by strong iron-ore shipments and higher prices for its lower... 


Glencore's head office
Glencore pleased with its performance against the backdrop of lower commodity, energy prices
21st February 2024 By: Marleny Arnoldi

Global mining company Glencore has recommended a $0.13 a share, or $1.6-billion, base cash distribution to shareholders for the 2023 financial year, comprising $1-billion from marketing cash flows... 


A rail line in South Africa
Mozambique port critical to chrome exports gets upgraded railway link
21st February 2024 By: Bloomberg

The biggest port in Mozambique that’s become a key hub for global chrome exports will upgrade a railway link, bolstering a planned $2-billion capacity expansion. The African Development Bank is... 


Machine Tools Africa for everything that twists, turns, rotates, cuts, forms, bends or shapes
Machine Tools Africa for everything that twists, turns, rotates, cuts, forms, bends or shapes
21st February 2024

Africa’s biggest machine tools exhibition is taking place from 21-24 May 2024 at the Johannesburg Expo Centre in Nasrec and will be showcasing cutting-edge developments across the machine tool and... 


metal works with sparks
Metals, engineering output up 1.7% but still far below 2008/9 peak
20th February 2024 By: Darren Parker

While aggregate production in the South African metals and engineering sector increased by 1.7% last year, which is slightly higher than the 1.5% increase in 2022, it remains 18% below where it was... 


An image of Kumba Iron Ore CEO Mpumi Zikalala
Kumba weathers headwinds but 490 jobs at risk as it reconfigures business
20th February 2024 By: Tasneem Bulbulia

Anglo American subsidiary Kumba Iron Ore delivered solid operational and financial results for the year ended December 31, 2023, despite macroeconomic challenges; however, about 490 jobs could be... 


JSW Steel in talks with Australia's Whitehaven for coal mine stake
JSW Steel in talks with Australia's Whitehaven for coal mine stake
20th February 2024 By: Reuters

India's JSW Steel is in talks with Australian miner Whitehaven Coal for a stake in its Blackwater metallurgical coal mine, a source aware of the discussions said on Tuesday. JSW Steel, India's... 


Nickel woes worsen for Glencore-backed miner as budget jumps 87%
20th February 2024 By: Bloomberg

Glencore-backed Horizonte Minerals is warning that it needs a whole new financing package to restart a nickel project in northern Brazil after a review revealed the mine will cost 87% more than... 


Goldman, hedge funds step up activity in physical uranium as prices spike
Goldman, hedge funds step up activity in physical uranium as prices spike
20th February 2024 By: Reuters

Investment banks Goldman Sachs and Macquarie, as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient... 


BHP CEO Mike Henry
Worst of inflationary wave over, says BHP CEO
20th February 2024 By: Mariaan Webb

Diversified mining group BHP CEO Mike Henry has expressed confidence in a more favourable economic outlook for 2024, declaring that the worst of the global inflationary wave is over. BHP, which on... 


Iron-ore slumps as demand doubts persist with China’s reopening
19th February 2024 By: Bloomberg

Iron-ore tumbled following a five-day run of gains as China’s markets reopened, with investors weighing prospects for near-term steel demand in the world’s largest importer. Futures dropped from... 


Australian dollars
Aveng switches reporting currency to Australian dollar, expects increase in interim earnings
16th February 2024 By: Marleny Arnoldi

JSE-listed construction group Aveng has elected to change its reporting currency from the rand to the Australian dollar, effective from the six months ended December 31, 2023. With Aveng having... 


Fortescue Metals chairperson Andrew Forrest
Carbon capture tech a 'complete falsehood', says Fortescue Metals' Forrest
16th February 2024 By: Reuters

Carbon capture is not a solution for the energy transition and political leaders need to provide real, non-greenwashed, commitments to encourage investment, Andrew Forrest, executive chairman of... 


Proudly artisan
16th February 2024 By: Martin Zhuwakinyu

Mention of the word ‘welder’ conjures up images of someone wearing heavy-duty protective gear such as a big steel helmet to shield the face from sparks. You wouldn’t think the person behind the... 


A three story high reactor manufactured by Viva Engineering with people in PPE under it to show scale
Complex SA-DRC reactor project recognised
16th February 2024

The fabrication, in South Africa, of six large reactors for the Azmet Reactor project, being undertaken at a mine in the Democratic Republic of Congo (DRC), is a “massive achievement” after it was... 


Sasol's gas processing facility and pipeline
Gas users call for urgent policy and infrastructure decisions to avert 2026 ‘day zero’
13th February 2024 By: Terence Creamer

The Industrial Gas Users Association – Southern Africa (IGUA-SA) is warning of a gas supply ‘day zero’ for several large and small manufacturing enterprises and says that urgent decisions will be... 


Mayor Leon Stephens and Magnetite Mines CEO Tim Dobson signed memorandum of understanding on Tuesday.
Partnership positions Port Pirie as future green iron hub
13th February 2024 By: Mariaan Webb

As the global steel industry moves to decarbonise, iron-ore miner Magnetite Mines has partnered with Port Pirie to position the South Australian port as a future green iron production hub. Green... 


Steelmakers turning to DRI amid transition
Steelmakers turning to DRI amid transition
12th February 2024 By: Sabrina Jardim

With global steelmakers increasingly turning to scrap steel recycling and direct reduced iron (DRI) as alternatives to blast furnaces, steel producers will not need to rely on carbon capture if the... 


Stanmore swoops in on South32’s Eagle Downs
Stanmore swoops in on South32’s Eagle Downs
12th February 2024 By: Mariaan Webb

Coal miner Stanmore Resources on Monday announced that it would buy diversified mining firm South32’s 50% interest in the Eagle Downs metallurgical joint venture (JV) coal project, in Queensland.... 


Aerial view of quarry
Major infrastructure needed to access limestone deposit
10th February 2024

A new quarry in the Northern Cape set to be an important source of limestone for a local cement plant, will require significant infrastructure to enable access to the deposit. The deposit is said... 


Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).
Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer
9th February 2024 By: Martin Creamer

Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council... 


Photo of Martin Creamer
On-The-Air (09/02/2024)
9th February 2024 By: Martin Creamer

Martin Creamer discusses water, railway lines and stopping noise-induced hearing loss.  


Vale and Hydnum Steel to study building briquette plant in Spain
9th February 2024 By: Reuters

Brazilian miner Vale and newcomer Hydnum Steel have signed a memorandum of understanding to study building an iron-ore briquette plant at Hydnum Steel's first factory in Spain, which will be... 


From left to right: BHP's Tim Day, Bluescope's Tania Archibald and Rio Tinto's Simon Trott
Australian iron-ore giants partner on steel decarbonisation
9th February 2024 By: Mariaan Webb

Australia’s two biggest iron-ore producers and its biggest steelmaker have announced a partnership to accelerate the decarbonisation of steelmaking by agreeing to jointly investigate the... 


CHROME CONDITIONING
Chromium can be used in a chemical coating process known as chrome plating whereby a thin chromium layer is applied to a raw metal substrate
Chrome highlighted for resistance properties
9th February 2024

With stainless steel considered a “marvel of modern engineering”, owing to its involvement with products ranging from kitchen appliances to surgical instruments, independent corrosion and failure... 


An image of SICK executive board chairperson Dr Mats Gökstorp
Partnership to facilitate process technology development, broaden product range
9th February 2024

Sensor company SICK and measurement and automation technology specialist Endress+Hauser are aiming to enter a strategic partnership to broaden Endress+Hauser's product range, enhance SICK's process... 


Image of power lines
Songo–Matambo transmission line project, Mozambique
9th February 2024 By: Sheila Barradas

Electricidade de Moçambique aims to build a 118 km 400 kV high-voltage single-circuit transmission line from Songo to Matambo. 


Image of the Kusile power plant
Kusile power plant project, South Africa – update
9th February 2024 By: Sheila Barradas

Unit 5 of Kusile was synchronised to the national grid at the end of December 2023. 


Aerial viw of the Simandou project
Simandou iron-ore project, Guinea – update
9th February 2024 By: Sheila Barradas

Guinea’s National Transition Council has approved a joint venture between Rio Tinto, China-backed Winning Consortium Simandou and government. 


Manufacturing production increased by 0.7% y/y in December
8th February 2024 By: Schalk Burger

Manufacturing production increased by 0.7% year-on-year in December, Statistics South Africa reports. The largest positive contributions were made by petroleum, chemical products, rubber and... 


Qld approves Winchester South draft EA – Whitehaven
Qld approves Winchester South draft EA – Whitehaven
8th February 2024 By: Mariaan Webb

Coal miner Whitehaven on Thursday welcomed the decision by Queensland Environment, Science and Innovation to approve the Winchester South coal mine draft environmental authority (EA). The approval... 


ArcelorMittal South Africa CEO Kobus Verster
AMSA sees plausible pathway for salvaging longs unit, but ready to reverse closure deferral if urgent progress is not made
8th February 2024 By: Terence Creamer

Steel producer ArcelorMittal South Africa (AMSA) has deferred the wind-down of its long-products business by six months amid widespread concern regarding the detrimental impact of the closure on... 


Transnet train transporting iron ore
Transnet problems force Kumba to moderate output
8th February 2024 By: Darren Parker

Anglo American subsidiary Kumba Iron Ore CE Mpumi Zikalala has reiterated that State-owned Transnet’s rail performance challenges have placed so much pressure on Kumba’s value chain that the... 


China is oversupplied with commodities as deflation persists
8th February 2024 By: Bloomberg

China’s commodities markets are heading into the Lunar New Year break on a glum note, with deflation embedded on both the consumer and producer sides of the economy. Weak aggregate demand is the... 


Long product being produced
AMSA announces six-month deferral to longs closure after agreements on short-term measures
8th February 2024 By: Terence Creamer

Steel producer ArcelorMittal South Africa (AMSA) has deferred the wind down of its long-products business by six months amid widespread concern regarding the detrimental impact of the closure on... 


Vedanta focused on becoming ESG leader
Vedanta focused on becoming ESG leader
7th February 2024

Good governance and sustainable development are at the core of diversified global natural resources and technology conglomerate Vedanta Group's strategy, with a strong focus on health, safety and... 


Gold pouring
DRDGold to report higher interim earnings, despite cost increases
6th February 2024 By: Darren Parker

JSE-listed gold mining company DRDGold, which is in the process of finalising its results for the six months ended December 31, expects to report a 5% to 15% year-on-year increase in earnings per... 


West African’s 2024 production to align with long-term mining plan
6th February 2024 By: Tasneem Bulbulia

ASX-listed West African Resources expects its Sanbrado mine, in Burkina Faso, to produce between 190 000 oz and 210 000 oz of gold this year, consistent with the company’s long-term mining plan.... 


Iron-ore hits lowest since November as demand concerns escalate
6th February 2024 By: Bloomberg

Iron-ore hit a three-month low as the upcoming Lunar New Year and ongoing property market crisis cast a shadow over Chinese demand. Benchmark futures in Singapore dropped for the fifth time in six... 


Fire damage, sanctions delay start of new Russia zinc mine
6th February 2024 By: Reuters

The start of zinc concentrate production at Russia's new Ozernoye mine will be delayed until at least the third quarter of 2024 and a ramp-up to full capacity until 2025, the mine operator said on... 


Seifsa calls for alternatives to scrap metal export ban
5th February 2024 By: Sabrina Jardim

In anticipation of Trade, Industry and Competition Minister Ebrahim Patel’s decision on the way forward regarding scrap metal regulations, and following the extended public comment period which... 


The Simandou mine area
Guinea lawmakers approve JV for Simandou iron-ore development
5th February 2024 By: Bloomberg

Guinea’s National Transition Council approved a joint venture between Rio Tinto, China-backed Winning Consortium Simandou and the government that seeks to develop the world’s biggest untapped iron... 


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