Iron ore is enjoying a positive start to 2022 as seaborne prices surpassed $US130 ($178.5) per dry metric tonne (dmt) for the first time in three months this week. Read more
Steelmakers are becoming more discerning on their path towards a net-zero future, and low grade or less sustainable iron ore producers risk being left out in the cold.
Keep up with the latest executive movements across the mining sector, including Santos, KGL Resources, Burley Minerals and more.
Santos has appointed Oil Search non-executive directors Eileen Doyle, Michael Utsler and Musje Werror to its board as independent non-executive directors following the completed merger of the two companies.
Doyle has been employed in senior operational roles at BHP and CSR, including being the chief executive officer of CSR’s panels division.
Utsler brings more than 40 years’ international oil and gas experience to the company, while Werror has more than 20 years’ leadership experience working in the mining and resources sector in Papua New Guinea.
Santos stated the three would bring crucial experience during a significant transitional period for the company.
KGL Resources has welcomed Denis Gately as an independent non-executive director, who is regarded as one of the Australia’s most respected lawyers in the energy and resources space.
Gately has previously served as director of the likes of Gloucester Coal, Alligator Energy and Xanadu Mines and has led transactions in mining and oil and gas operations and development projects, both domestically and internationally.
KGL said the appointment of Gately comes at an important time as the company looks to start constructing its Jervois base metal project in Northern Territory in 2022.
Wayne Richards is the new chief executive officer of Burley Minerals while Gary Powell will move into a new role as technical director of the company.
Richards brings a wealth of experience to the role having served as executive chairman and chief executive officer of Tawana Resources, managing director of Brockman Resources and executive project director of Strike Resources and Minprovise International.
He played a big part in elevating the Brockman’s Marillana iron ore joint venture project in the Pilbara region of Western Australia, which the company shares with Mineral Resources. Marillana is still in its development phase.
Australian Potash has appointed Natalia Streltsova as non-executive chair, replacing Jim Walker, who recently resigned from the company.
Streltsova has more than 25 years’ experience in the mining sector, where she has worked at companies such as BHP, Vale and Western Mining Corporation in senior technical and corporate roles.
Australian Potash said Streltsova’s blend of technical and strategic expertise, along with her experience in public company governance were great assets to the company.
Sam Chee has joined Magnetite Mines as a strategic advisor to assist with project financing for the Razorback iron ore project in South Australia.
With more than 27 years’ experience as an investment banker, Chee was influential in building the $US7.2 billion ($10.1 billion) financing package for Hancock Prospecting’s Roy Hill iron ore company, which involved lead structuring and commercial negotiations.
Magnetite said Chee will play an important role in securing important financing to support the Razorback project.
Fortescue has entered into an agreement with the Gabon Government to study the potential of the Belinga iron ore project in the African nation.
Fortescue Metals Group is exploring new sales avenues for its iron ore after inking a preliminary deal with Australian technology company GLX Digital to trial its GLX Connect trading platform.
Mineral Resources (MinRes) and Hancock Prospecting have teamed up to investigate the development of a new iron ore export facility at Port Hedland’s South West Creek in Western Australia.
A rise in iron ore prices has been marred by the advent of emergency restrictions on Chinese steel producers in Tangshan – one of the country’s primary steelmaking hubs.
The battery and critical minerals boom is well and truly here as mining companies such as Pilbara Minerals, Chalice Mining and Galaxy Resources catapulted in value over the past 12 months.
Magnetite Mines hopes to enhance the energy capacity of its Razorback iron ore project in South Australia after applying for a 132,000-volt transmission line to be built from Robertstown to the operation.
Hancock Prospecting is looking to expand its iron ore portfolio by earning into the Mt Bevan project in the Central Yilgarn region of Western Australia. Read more