The December issue of Mining Global is live!
This month’s cover star Hudson Resources is realising a unique opportunity to develop multiple revenue streams from its White Mountain anorthosite mine in Greenland. The resulting GreenSpar and Anocrete products have a diverse range of uses from paints to e-glass fiber.
“I never really understood how powerful storytelling could actually be,” Florence Drummond tells Mining Global. Drawing on her own experiences working as a machine operator for Rio Tinto, she is harnessing the power of social media to start conversations that allow the voices of Indigenous women in mining and resources in Australia (IWIMRA) to be heard.
Also in this edition, the Global Mining Guidelines Group’s (GMG) Chair Michelle Ash holds forth on the challenges facing the industry and how the organisation is supporting safety and sustainability while promoting education around digitisation.
We also analyse EY’s top ten business risks and opportunities for the mining industry in 2020 and profile DRA Global; the diversified global engineering, project delivery and operations management groupis using a holistic approach to unite metallurgists, geologists, miners and management on the best path to profit recovery.
From Brazil and Honduras to Africa and beyond, we look back at a year of transition for the sector and the successful strategies implemented by some of the world’s leading mining companies. If you’re wondering what’s next for the industry, read our review of Mines and Money: London. Europe’s largest mining event covered everything from bauxite to battery metals and asked: Is the coal industry dead? For the answer to that question, and a whole lot more, read on…
Global iron ore production to recover by 5.1% in 2021
Global iron ore production fell by 3% to 2.2bnt in 2020. Global production is expected to grow at a compound annual growth rate (CAGR) of 3.7% to 2,663.4Mt between 2021 to 2025. The key contributors to this grow will be Brazil (6.2%), South Africa (4.1%), Australia (3.2%) and India (2.9%). Key upcoming projects expected to commence operations include South Flank in Australia (2021), Zulti in South Africa (H2 2021), Serrote Da Laje in Brazil (H2 2021) and Gudai-Darri (2022), according to GlobalData, a leading data and analytics company.
Vinneth Bajaj, Associate Project Manager at GlobalData, comments: “Declines from Brazil and India were major contributors to the reduced output in 2020. Combined production from these two countries fell from a collective 638.2Mt in 2019 to an estimated 591.1Mt in 2020. The reduced output from the iron ore giant, Vale, was the key factor behind Brazil’s reduced output, while delays in the auctioning of mines in Odisha affected India’s output in 2020.
“Miners in Australia were relatively unaffected by COVID-19 due to effective measures adopted by the Australian Government, while a speedy recovery in China led to a significant 10.4% increase in the country’s iron ore output.”
Looking ahead, the global iron ore production is expected to increase by 111.3Mt to 2,302.5Mt in 2021. Rio Tinto is expected to produce up to 340Mt of iron ore, while BHP has released production guidance of 245–255Mt, supported by the start of the Samarco project in December, which is expected to produce between 1–2Mt.The company has retained its guidance for Australian mines at 276–286Mt on a 100% basis, due to scheduled maintenance work at its ore handling plant and tie-in activity at the Area C mine and South-Flank mine.
Bajaj added: “The remaining companies are expected to produce more than 600Mt of iron ore, including FMG, whose production is expected to range between 175–180Mt supported by its Eliwana mine that commenced operations in late December 2020, and Anglo American, which is expecting to produce between 64–67Mt. Vale is expected to resume 40Mt of its production capacity, taking its overall production capacity to 350Mt in 2021, with production guidance of 315-335Mt.”