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Global insight

Iron-ore price contributes to Afrimat’s ‘best ever’ financial position

JSE-listed openpit miner Afrimat’s diversification strategy, along with a particularly strong iron-ore price.

Tuesday, June 1, 2021

Strike raises funds for iron-ore projects

ASX-listed Strike Resources has completed a A$5-million capital raise to fund work on its Apurimac iron-ore project, in Peru

Tuesday, June 1, 2021

Vietnam steel maker Hoa Phat acquires Australia's Roper Valley iron-ore mine

HANOI - Vietnam's steel maker Hoa Phat said on Monday it has acquired the Roper Valley iron-ore mine project in Australia, marking the company's first step to secure its own supplies in the world's biggest iron-ore producer.

Tuesday, June 1, 2021

Afarak sells Stellite chrome mine to South African company

London-listed Afarak Group is nearing the finalisation of the sale of its Ilitha plant, assets and mining right, in South Africa, to WMA Chrome Mining and WMA Minmet Processing for R400-million, or 23.8-million.

Tuesday, June 1, 2021

ROSATOM Starts Construction at Tianwan&Xudapu Nuclear Power Plants

A ceremony was held in China to mark the start of construction of power units 7 and 8 of Tianwan NPP and power units 3 and 4 of Xudapu NPP.

Monday, May 31, 2021

GE Wind Turbines for Lincoln Land Wind Project in US

GE Renewable Energy has been selected to provide 107 of GE’s 2.82-127 onshore wind turbines for the 302 MW Lincoln Land Wind project in Morgan County in Illinois.

Monday, May 31, 2021

South32 Coal Production Drops in South Africa

South32, which is in the process of exiting its SA coal assets, said last week that its domestic coal volumes declined in its half year to end-December.

Monday, May 31, 2021

BHP to Sell Thermal Coal Assets

BHP last week revealed that it will slash the value of its coal assets by AUD 1.25 billion as it looks to reposition its portfolio towards greener commodities like copper and nickel.

Monday, May 31, 2021