The sustainbly sourced September issue of Mining Global is now live
Mining Global is pleased to announce the September issue of Mining Global Magazine is here and ready to read, and sustainability is the hot topic this issue.
This month our front of book asks - what’s in a legacy? Natural Resources Canada, through its Green Mining Initiative strives to create a greener mining industry and leave behind a legacy of clean, cost effective and environmentally sound mining. We speak with Janice Zinck, Director of Green Mining and Innovation.
We also ask, what can the Centre for Mining and Industry at the University for Witwatersrand, Johannesburg, do for the future of the industry? Professor Caroline Digby talks to Mining Global about fixing the gap between environmental performance and long term liabilities and creating a future workforce of sustainably sound mining engineers.
We profile mining giant Anglo American and its seven steps to sustainability through the company’s seven pillars of value.
Some the world’s leading mining professionals and academics will be in Vegas this September to share their ideas for how to answer some of the biggest questions of the mining industry, we take a look at some of the confirmed speakers at MINExpo 2016.
Our leading profile this month is with Komatsu Mexico, established in April this year and a global purveyor of cutting-edge industrial products with aftermarket capability to the mining industry.
Our final profile is on Gran Colombia Gold, a Canadian gold exploration, development and extraction company in silver deposits in Colombia.
Contact the editor Dale Benton at [email protected]
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.”