Report: Australia leads iron ore mining market growth to 2020
Australia still reigns supreme in iron ore. The latest Global Iron Ore Mining Market to 2020 research report said worldwide iron ore reserves were 190 billion tons as of January 2015, with Australia accounting for the largest share at 53 billion or 27.9 percent of the total.
Global iron ore mining market and reserves dominated by Australia are followed by Brazil at 31 billion (16.3 percent), Russia at 25 billion (13.2 percent), China at 23 billion (12.1 percent) and India at 8.1 billion (4.3 percent) as of January 2015. In 2014, Australia was the largest producer of iron ore accounting for 36.1 percent of world production, followed by Brazil accounting for 20.2 percent, China (12.8 percent) and India (8.2 percent). Australia was the largest exporter of iron ores and concentrates (including roasted iron pyrites) in 2014, exporting 755.1 million, followed by Brazil (344.4 million), South Africa (67.2 million), Ukraine (40.9 million) and Canada (40.3 million).
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The Hamersley range, Pilbara region of Western Australia has rich deposits of hematite ore which normally contains 56-62 percent iron. Much of the hematite in the Pilbara is further categorized as direct shipping ore (DSO) because of its simplistic processing. In Brazil, iron ore is mainly extracted from hematite ores but can also be found in low grade itabirite ores which has iron content in the range of 35-64 percent. Russian iron ore deposits are primarily located across the Ural region, Moscow and North West Russia. Chinese iron ore reserves are spread across the provinces of Liaoning, Sichuan, Hebei, Inner Mongolia, Shanxi, Shandong, Anhui, Hubei and Gansu.
Vale S.A., Rio Tinto and BHP Billiton are the major iron ore mining market producers mentioned in this research. This research helps gain an understanding of the global iron ore mining market, the relevant demand drivers, reserves, historic and forecast production and consumption, trade (major exporting and importing countries), active, exploration and development projects and the competitive landscape.
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About the report: Timetric's 'Global Iron Ore Mining to 2020' report comprehensively covers global reserves of iron ore and reserves by country. It also covers the historic and forecast data on global iron ore production, production by country, historic and forecast consumption and major exporting and importing countries. The report also includes demand drivers affecting the global iron ore mining industry, world steel demand by region, profiles of major iron ore producing companies and information on the active, exploration and development projects by region.
AngloGold Ashanti establishes BG Umoja JV in Tanzania
AngloGold Ashanti, in line with it s strategy to ensure a sustainable contribution to the economies of host countries, has established the BG Umoja joint venture (JV), in Tanzania.
Awarded a $186m two-year mining contract for the Nyankanga and Geita Hill underground mining projects, the 80/20 joint venture is a partnership between Africa Underground Mining Services (AUMS) Tanzania, a subsidiary of Australia’s Perenti Group, and local drilling services and mining- supply company, Geofields Tanzania Limited.
The partnership is modelled on a similar underground mining joint venture at the Company’s Obuasi Redevelopment Project in Ghana between AUMS Ghana and Accra-based, wholly Ghanaian-owned Rocksure and will help build local specialised mining capacity.
“We’re working with our experienced mining contractors to assist in establishing local joint ventures for long-term transfer of sustainable skills, and to continue building on our sustainable local procurement programmes,” commented Sicelo Ntuli, AngloGold Ashanti’s Chief Operating Officer: Africa.
“AngloGold Ashanti is building sustainable local procurement programmes that will allow it to stimulate economic and social development at all of its operations, evidenced by the significant contribution Geita has made to the fiscus and people of Tanzania.”
AngloGold Ashanti’s annual expenditure with indigenous Tanzanian suppliers has almost tripled to $162mn since 2016. The company’s local team in Tanzania has set itself an ambitious target of 60% to 70% of all expenditures with indigenous Tanzanian companies, by 2025.
Scope 3 Emissions
In addition, AngloGold Ashanti’s Geita Gold Mine has awarded a two-year fuel transportation contract, worth approximately $10.8m a year, to two local contractors - one of which is originally from Geita. This is in line with the mine’s commitment to contribute to the economies of host communities. The Geita-based company was part of Geita Mine’s supply chain capacity building initiative for host community suppliers, a partnership between the Mine and the National Economic Empowerment Council.
To influence Scope 3 emissions, trucks are to be compliant with EURO IV emissions standards, tankers are to be made of an aluminium alloy material to reduce weight and the age of the fleet will be maintained at less than six years.
Diversity & Inclusion
The contractors already employ women fuel tanker drivers, fulfilling the Mine’s requirements for diversity and inclusion. The two contractors both own workshop facilities in Geita town and participate in social initiatives aimed at uplifting the lives of host community residents.
AngloGold Ashanti has been operating at Geita Gold Mine for more than 20 years, with the project initially a single pit mine, evolving now to a predominantly underground operation, employing 5,700 employees and contractors.
Earlier this year, the Government of Tanzania recognized AngloGold Ashanti’s contribution to the economy of the country, awarding it for its outstanding performance in a number of areas, including environmental and safety performance, corporate social investment, the best taxpayer in the mining sector, the runners up in local business content and overall best performer in the mining sector in Tanzania in 2019/2020.
Geita Gold Mine
Geita, one of AngloGold Ashanti’s flagship mines, is located in north-western Tanzania in the Lake Victoria goldfields of Mwanza region, about 120km from Mwanza and 4km west of the town of Geita. It has been in operation as a large-scale mine since 2000.