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During its April-June quarter, Vale’s average price for iron ore fines doubled on year, with the Brazilian miner’s realized price averaging $182.8/tonne on CFR/FOB basis during the quarter, up 106% on year and 18% on quarter, according to its latest quarterly financial report released on July 28 local time.
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Fortescue Metals Group (FMG), the world’s fourth largest iron ore miner with all mining assets in Western Australia, has raised its iron ore shipment guidance for the FY22 (July-June 2022) to 180-185 million wet tonnes from the 178-182 million wet tonnes for the FY 21, according to its latest quarterly report released on July 29.
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China’s largest electric-arc-furnace producer has formally been incorporated on July 27 in Southwest China’s Sichuan by combining eight local independent EAF mills, which has also helped the province to enhance it steel industry concentration, competitiveness and efficiency, the Sichuan Provincial Economic and Information Department shared in a release on the same day.
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FMG's
iron ore production over Q4 FY21 (Apr-Jun)
Note:
Volume references are based on wet metric tonnes (wmt). Product is shipped with
approximately nine per cent moisture.
Source:
FMG, released on July 29
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Canadian miner Teck Resources has adjusted its steelmaking coal production guidance for 2021 calendar year lower, from 25.5-26.5 million tonnes previously to 25-26 million tonnes, according to its quarterly report published on July 27. The company said that wildfires in West Canada’s British Columbia in late June had disrupted the company’s coal transportation and production.
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Pohang Iron and Steel Co Ltd (POSCO), a major steel producer in South Korea, reported its Q2CY’21 results today. Steel production and sales have increased y-o-y with an improvement in operating capacity during Q2CY’21. However, Q2 of both the years have been impacted by waves of Covid-19 and subsequent lockdowns or containment measures.
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Vale, the world’s top iron ore miner, has been formally approved by the Brazil’s National Mining Agency (ANM) to maintain the normal operations at its Fábrica site under its Southern System in Minas Gerais, Southeast Brazil, which includes the beneficiation and pelletizing plants, and Area 15 mining fronts, it shared in a release on July 24 local time.
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BHP, a leading ferrous and nonferrous mining company in the world, has signed a long-term nickel supply deal with the world’s largest electric car manufacturer Tesla for the latter’s battery production, BHP shared on July 22.
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Anshan Iron & Steel Group (Ansteel) in Northeast China’s Liaoning province has been quietly progressing with its merger of Bengang Group (Bengang), another state-owned steel mill in the province, as more shares of Bengang’s Shenzhen-listed arm have been transferred to the group company free of charge to facilitate the merger, a Bengang official confirmed on July 21.
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South32 Ltd’s total share of manganese ore output from its joint ventures in Australia and South Africa grew by 8% on year to 5.8 million wet metric tonnes (wmt) in the Australian company’s 2021 financial year (ended June 30), according to its quarterly report released on July 21.
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As part of its efforts to help reduce CO2 emissions, JFE Steel, Japan’s second largest integrated mill, has signed long-term contracts to charter three new Capesize bulk carriers fuelled by liquified natural gas (LNG) to transport its iron ore and coal from overseas suppliers. JFE will be the first Japanese steel producer to deploy large-sized LNG-fuelled vessels, the company announced on July 20.
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Multinational mining giant Anglo American produced 2.97 million tonnes (actual share) of metallurgical coal for exports from its operations in Queensland, Northeast Australia, over the April-June quarter, down sharply by 25% on year or 9% lower on quarter, mainly due to the suspension at some of its coal operations over quarter, according to its quarterly report released on July 20.
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Shagang Group, China’s largest privately-owned steel producer headquartered in East China’s Jiangsu province, announced on July 21 to increase its rebar list price by another Yuan 250/tonne ($38.6/t) for sales over July 21-31, in response to the prevalent market expectation on China’s crude steel output cut for the remainder of the year, according to market sources.
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Note:
South32’s financial year runs from July to June.
Unless otherwise noted: percentage variance relates to performance
during the financial year ended June 2021 compared with the financial year
ended June 2020 (YoY) or the June 2021 quarter compared with the March 2021
quarter (QoQ); production and sales volumes are reported on an attributable
basis.
Source: South32,
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London-headquartered miner, Anglo American, has tightened the iron ore production guidance for its Minas-Rio mining project in Brazil to 24–25 million wet tonnes from the previous 24-26 million wet tonnes, according to its latest quarterly report released on July 20. Anglo continues to keep the guidance for its Kumba iron ore asset in South Africa at 40.5–41.5 million wet tonnes, however.
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BHP, the world’s third largest iron ore miner, set its iron ore production guidance for the FY22 (July 2021-June 2022) at 278-288 million wet tonnes (100% basis) from its Pilbara operations, Western Australia, according to its latest quarterly report released on July 21. This is slightly higher than the guidance range of 276-286 million tonnes for FY20 which ended on June 30.
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Australian mining giant BHP produced 40.6 million tonnes of metallurgical coal on the company’s actual share basis at Queensland Coal operations in Northeast Australia for its 2021 fiscal year over July 2020-June 2021, according to its quarterly report published on July 20. Output was down 1% on year, mainly because of wet weather in the first half of the fiscal.
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Production Summary
(1) Wet basis.
(2) Reflects export primary production, secondary production sold into export markets and production sold domestically at export parity pricing from South Africauntil the demerger of the South Africa thermal coal operations effective on June 4 2021, and attributable export production (33.3%) from Colombia (Cerrejón).
(3) Reflects nickel production
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Iron ore fines production at Brazil’s Vale, the world’s largest iron ore miner, rose 11.3% on quarter over April-June to around 75.7 million tonnes, according to its latest quarterly report released on July 19. It cited better weather conditions and a steady recovery from the dam collapse in January 2019. The volume was also 12% higher on year, lending the miner confidence to maintain its 2021 production guidance at 315-335 million tonnes, it said.
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Production and sales summary (Unit: ‘000
tonnes)
Notes:
(1) Including third party purchases, run-of-mine and feed for pelletizing plants.
(2) Including third party purchases, run-of-mine and feed for pelletizing plants.
(3) Historical figures exclude VNC sales.
Source: Vale, released on July 19 (Brazilian time)
