May 17, 2020

SSAB & steel wear resistance: MINExpo 2016 and mining productivity

MINExpo 2016
abrasive materials
steel
mining
Dale Benton
2 min
SSAB & steel wear resistance: MINExpo 2016 and mining productivity
MINExpo 2016 kicks off next week. The 26th of September to the 28th to be exact. You may have heard about it. We may have even featured something on it...

MINExpo 2016 kicks off next week. The 26th of September to the 28th to be exact. You may have heard about it. We may have even featured something on it.

Once.

 Twice.

Ok three times.

As the day draws closer before the curtain rises in Las Vegas, major companies who will be exhibiting at the event are revealing snippets of what’s in store, but not enough to ruin the wow factor of when you get there.

Take SSAB for example. SSAB is a Nordic and US based steel company that will be showcasing its Hardox wear resistant steels. Why is that of note? Well, the challenge that SSAB is setting is for visitors to bring their worse wear challenges and put it to the test to see how SSAB’s wear expertise and WearCalc software can provide longer and more productive service for mining equipment.

Hardox wear resistant steel is designed to withstand heavy impact. Which, let’s face it, is a day to day thing in the mining industry.

Also on display will be overlay solutions and other Hardox Wearparts, such as Duroxite. Duroxite overlay is comprised of abrasion resistant materials deposited on top of mild steel or Hardox wear plate to create an extremely wear resistant compound material.

Duroxite overlay works especially well in sliding wear environments where small and hard materials are processed such as coal with high quartz content. It also plays an important role as a wear resistant material in high temperature environments.

This, Gregorie Parenty, Head of SSAB Services, makes Duroxite and Hardoz Wearparts, a “natural choice” for the mining industry.

But, don’t take our word for it.

Be sure to visit SSAB’s booth #913 at MINExpo where Ross Wylie, Head of Hardox Wearparts Americas, will be on hand to tell you all you need to know about SSAB.

 

The September issue of Mining Global Magazine is live!

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Get in touch with our editor Dale Benton at [email protected]

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May 11, 2021

Gerald Group resolves iron ore dispute with Sierra Leone

Gerald Group
SL Mining
Iron ore
Marampa iron ore mine
2 min
Gerald Group, the US commodity broker, set to restart iron ore shipments from Marampa mine with subsidiary SL Mining

Gerald Group, the US commodity trader, will pay Sierra Leone $20mn and cede a 10% stake in an iron ore project as part of the resolution to a nearly two-year dispute that led to the shutdown of production, the two sides revealed.

SL Mining

Gerald's wholly-owned subsidiary SL Mining filed for arbitration in August 2019 over a royalty payment dispute and suspended the Marampa mine the following month. Sierra Leone's government responded by cancelling its mining licence. 

As part of the agreement signed on Friday, Sierra Leone will take a non-dilutable 10% stake in a new company that will replace SL Mining and resume operations at Marampa by June 1, Gerald said in a statement.

Iron Ore

Gerald will make two $10mn payments this year and will have the immediate right to ship its current stockpile of about 707,000 tonnes of iron ore, it said.

Both sides will withdraw their legal claims before the International Chamber of Commerce (ICC) and International Centre for Settlement of Investment Disputes (ICSID), the statement added.

Gerald’s chairman and CEO Craig Dean commented: "I am delighted that we have been able to resolve our differences and have a fresh start and new beginning with the government of Sierra Leone."

SL Mining

 

Sierra Leone

Sierra Leone's Mines Minister Timothy Kabba told a news conference on Tuesday that the agreement was a milestone for the country.

"Whatever the pain we may have borne or dreaded throughout these two years ... this outcome justifies our action," he said.

Gerald estimates that Marampa holds about 1 billion tonnes of iron ore with a potential lifespan of 30 years.

Gerald Group

Back in 2019, Dean spoke with Mining about the development of Marampa and commented: "SL Mining offers a substantial opportunity for Gerald Group as our Marampa mine in Sierra Leone is producing two million tonnes per annum of high grade iron ore in the first phase of development, with expansion possibilities of greater than six million tonnes per annum of high-grade iron ore during its operational life. If you analyse the iron ore market it has transformed, even from a couple of years ago when prices were very low. Now prices have stabilised we’re in a favourable position with our first shipments leaving for China.

"Our goal is to make ‘Marampa Blue’ an internationally recognised premium grade iron ore brand. We intend to expand the delivery of high-grade 65% iron ore concentrate to markets in Europe and Africa.”

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