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Rio Tinto invests in Pilbara to develop Tom Price iron ore mine

Rio Tinto has announced that it has spent over $385 million on local Western Australian and Pilbara Aboriginal businesses.

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Australia-based miner Rio Tinto has announced that it has spent over $385 million on local Western Australian and Pilbara Aboriginal businesses to develop Greater Tom Price iron ore operations.  

The investment in the Western Turner Syncline Phase 2 (WTS2) mine will help sustain the current workforce at the Greater Tom Price production hub.

The construction of the WTS2 expansion commenced in early 2020 and to date more than 85 percent of spending on the project has been awarded to Western Australian and Pilbara Aboriginal businesses. The company invested $749 million in the mine in November 2019 to sustain the production capacity of its iron ore business in Pilbara with a new crusher and a 13-kilometre conveyor which will reduce greenhouse gas emissions by 3.5 percent.

First production from the new deposits at WTS2 is expected in the second half of 2021.

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Source: https://www.steelorbis.com/steel-news/latest-news/rio-tinto-invests-in-pilbara-to-develop-tom-price-iron-ore-mine-1188528.htm

Metal

S. Africa’s iron ore output up by 24 percent in February from January

In February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent.

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According to the preliminary data released by Statistics South Africa, in February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent, while the country’s manganese ore production index rose by 11.5 percent, both month on month. In the given month, South Africa’s nickel production fell by 30.0 percent month on month.

On year-on-year basis, in February this year South African iron ore production was up by 65.7 percent, while manganese ore production increased by 21.6 percent. In February, the country’s nickel output rose by 7.8 percent compared to the same month of 2020.

Furthermore, the country’s seasonally adjusted iron ore sales at current prices in February this year fell by 5.9 percent compared to the previous month, to ZAR 9.72 billion ($670.40 million), while the seasonally adjusted nickel sales value at current prices was up by 109.5 percent in the same month compared to January, amounting to ZAR 1.31 billion ($90.48 million). South Africa’s seasonally adjusted manganese ore sales in February at current prices totaled ZAR 3.35 billion ($230.93 million), up by 57.3 percent month on month.

The year-on-year percentage change at current prices in the given month was up by 47.0 percent in iron ore sales, up by 39.7 percent in manganese ore sales and rose by 83.3 percent in nickel sales.

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Source: https://www.steelorbis.com/steel-news/latest-news/s-africas-iron-ore-output-up-by-24-percent-in-february-from-january-1195188.htm

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Metal

S. Africa’s iron ore output up by 24 percent in February from January

In February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent.

Republished by Plato

Published

on

According to the preliminary data released by Statistics South Africa, in February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent, while the country’s manganese ore production index rose by 11.5 percent, both month on month. In the given month, South Africa’s nickel production fell by 30.0 percent month on month.

On year-on-year basis, in February this year South African iron ore production was up by 65.7 percent, while manganese ore production increased by 21.6 percent. In February, the country’s nickel output rose by 7.8 percent compared to the same month of 2020.

Furthermore, the country’s seasonally adjusted iron ore sales at current prices in February this year fell by 5.9 percent compared to the previous month, to ZAR 9.72 billion ($670.40 million), while the seasonally adjusted nickel sales value at current prices was up by 109.5 percent in the same month compared to January, amounting to ZAR 1.31 billion ($90.48 million). South Africa’s seasonally adjusted manganese ore sales in February at current prices totaled ZAR 3.35 billion ($230.93 million), up by 57.3 percent month on month.

The year-on-year percentage change at current prices in the given month was up by 47.0 percent in iron ore sales, up by 39.7 percent in manganese ore sales and rose by 83.3 percent in nickel sales.

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Source: https://www.steelorbis.com/steel-news/latest-news/s-africas-iron-ore-output-up-by-24-percent-in-february-from-january-1195188.htm

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Metal

S. Africa’s iron ore output up by 24 percent in February from January

In February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent.

Republished by Plato

Published

on

According to the preliminary data released by Statistics South Africa, in February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent, while the country’s manganese ore production index rose by 11.5 percent, both month on month. In the given month, South Africa’s nickel production fell by 30.0 percent month on month.

On year-on-year basis, in February this year South African iron ore production was up by 65.7 percent, while manganese ore production increased by 21.6 percent. In February, the country’s nickel output rose by 7.8 percent compared to the same month of 2020.

Furthermore, the country’s seasonally adjusted iron ore sales at current prices in February this year fell by 5.9 percent compared to the previous month, to ZAR 9.72 billion ($670.40 million), while the seasonally adjusted nickel sales value at current prices was up by 109.5 percent in the same month compared to January, amounting to ZAR 1.31 billion ($90.48 million). South Africa’s seasonally adjusted manganese ore sales in February at current prices totaled ZAR 3.35 billion ($230.93 million), up by 57.3 percent month on month.

The year-on-year percentage change at current prices in the given month was up by 47.0 percent in iron ore sales, up by 39.7 percent in manganese ore sales and rose by 83.3 percent in nickel sales.

Invest w Mintos
Source: https://www.steelorbis.com/steel-news/latest-news/s-africas-iron-ore-output-up-by-24-percent-in-february-from-january-1195188.htm

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