Fircroft makes a move on One Key Resources
A global workforce recruitment company has made the moves in the mining and natural resources industries with the acquisition of a specialist recruitment provider.
Fircroft, one of the world’s leading providers of technical recruitment services, have confirmed the acquisition of One Key Resources, the Australian specialist provider of mining training, consulting and production solutions to mining companies worldwide.
“One Key are leading the market in workforce solutions for the mining and natural resources industries. With their continual focus on providing a best-in-class service to clients and contractors alike, One Key are perfectly aligned to the values of the Fircroft Group,” said Johnathan Johnson, Fircroft CEO.
“At Fircroft we have ambitious expansion plans, and we are pleased that One Key, with their suite of innovative, market-leading training products and workforce solutions will be joining us on this journey as we seek to further strengthen our expertise in providing workforce solutions to the global mining industry.”
One Key Resources Co-founder and Managing Director believes the move represents a bold statement, firmly planting One Key on the global market map.
““One Key has seen phenomenal growth and success in recent years with consistent increases in revenue and our total workforce. As part of the Fircroft Group we will be in a strong position to take our innovative solutions to a global market.” He said.
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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.”