mining
12 September 2025
Australian Miningmining
Sep 12, 2025Australian Mining
BHP has given the green light to its $1.4 billion port debottlenecking project 2 (PDP2) at Port Hedland, marking a major investment aimed at enhancing long-term operational resilience.
The project will see the installation of a sixth car dumper (CD6) along with additional conveyors and supporting infrastructure.
“We have medium-term plans to maintain WAIO’s production of 305 million tonnes per year, and this upgrade of infrastructure and technology allows us to support it,” BHP Western Australian Iron Ore asset president Tim Day said.
“The project is a major step forward to boost our supply chain resilience, unlock capacity and drive productivity across our operations.
“The Pilbara is the engine room of the Australian economy, and this investment will ensure it keeps firing.”
Car dumpers at Port Hedland tip two 135-tonne rail cars at a time, enabling up to 16,000 tonnes of Pilbara iron ore to be unloaded per hour.
The ore is then moved via 5km of conveyor systems to stockpiles or directly to ships. BHP currently operates five car dumpers across its Nelson Point and Finucane Island operations.
Once operational, CD6 will significantly increase car dumper availability, with the port running with at least five car dumpers more than 90 per cent of the time, up from around 60 per cent today.
The project is designed to improve operational reliability, consistency and ore blending and screening capabilities.
Beyond productivity, PDP2 is expected to deliver local economic benefits. Over the three-year construction period, BHP will prioritise awarding contracts to Indigenous and Traditional Owner businesses as well as local Port Hedland suppliers.
Work on the project is scheduled to begin in December 2025, with first ore expected by the fourth quarter of 2027–28 financial year (FY28). PDP2 follows the successful completion of the port debottlenecking project 1 (PDP1), which unlocked enhanced car dumper and ship loader performance.
Last financial year, BHP’s Western Australia Iron Ore set a full-year record production of 290 million tonnes on a 100 per cent basis, alongside record shipments.
Want to connect with the mining industry? Register to attend AIMEX and WA Mining Conference. Â
0
Recent CommentsMining Relateday News You might want to check out
View by
Bhp Injects $1.4 Billion Investment Into Port HedlandBHP has given the green light to its $1.4 billion port debottlenecking project 2 (PDP2) at Port Hedland, marking a major investment aimed at enhancing long-term operational resilience.
The project will see the installation of a sixth car dumper (CD6) along with additional conveyors and supporting infrastructure.
“We have medium-term plans to maintain WAIO’s production of 305 million tonnes per year, and this upgrade of infrastructure and technology allows us to support it,” BHP Western Australian Iron Ore asset president Tim Day said.
“The project is a major step forward to boost our supply chain resilience, unlock capacity and drive productivity across our operations.
“The Pilbara is the engine room of the Australian economy, and this investment will ensure it keeps firing.”
Car dumpers at Port Hedland tip two 135-tonne rail cars at a time, enabling up to 16,000 tonnes of Pilbara iron ore to be unloaded per hour.
The ore is then moved via 5km of conveyor systems to stockpiles or directly to ships. BHP currently operates five car dumpers across its Nelson Point and Finucane Island operations.
Once operational, CD6 will significantly increase car dumper availability, with the port running with at least five car dumpers more than 90 per cent of the time, up from around 60 per cent today.
The project is designed to improve operational reliability, consistency and ore blending and screening capabilities.
Beyond productivity, PDP2 is expected to deliver local economic benefits. Over the three-year construction period, BHP will prioritise awarding contracts to Indigenous and Traditional Owner businesses as well as local Port Hedland suppliers.
Work on the project is scheduled to begin in December 2025, with first ore expected by the fourth quarter of 2027–28 financial year (FY28). PDP2 follows the successful completion of the port debottlenecking project 1 (PDP1), which unlocked enhanced car dumper and ship loader performance.
Last financial year, BHP’s Western Australia Iron Ore set a full-year record production of 290 million tonnes on a 100 per cent basis, alongside record shipments.
Want to connect with the mining industry? Register to attend AIMEX and WA Mining Conference.
Australian Mining
mining
12 September 20252 min readBhp Injects $1.4 Billion Investment Into Port Hedland
Australian Mining
12 September 2025
mining
Vale Inaugurates Capanema Mine And Invests R$67 Billion In A New Phase Of Mining In Minas GeraisVale recently inaugurated the Capanema mine in Ouro Preto (MG), during a ceremony attended by Governor Romeu Zema and other authorities. The resumption of operations marks the beginning of a new phase for Vale in the state, with investments totalling R$67 billion through 2030.
The resources will be applied to safer, more innovative, and sustainable production processes, prioritising the reduction in the use of tailings dams, lower carbon emissions, and the expansion of circular mining, supported by new technologies across the company’s five operational complexes in Minas Gerais.
Capanema will operate using natural moisture, without water in mineral processing and without generating tailings, eliminating the need for a dam. The new model also includes five autonomous off-road trucks and circularity solutions, such as the reprocessing of iron ore contained in an old waste pile. The mine will add approximately 15 million tpy to Vale’s iron ore production, contributing to the company’s guidance of 340–360 million tpy in 2026.
Around R$5.2 billion was invested in reactivating the unit, which had been inactive for 22 years, including modernisation of facilities and integration with other mines in the region to optimise processes and reduce environmental impacts. The construction lasted five years, involved around 40 companies and more than 6000 workers at peak activity, with a focus on hiring local labor. The operation employs 800 people.
“Minas Gerais is at the centre of Vale’s transformation. We have a long history of learning, deep cultural evolution, and above all, partnership with the people of Minas. We continue together on this journey, confident in our legacy for the sustainable development of the state. Capanema exemplifies the new phase of mining in Minas Gerais and reinforces our commitment to a more responsible production process, minimally invasive and with technology and innovation applied to better utilise mineral resources and support decarbonisation initiatives,” says Gustavo Pimenta, Vale’s CEO.
Read the article online at: https://www.globalminingreview.com/mining/09092025/vale-inaugurates-capanema-mine-and-invests-r67-billion-in-a-new-phase-of-mining-in-minas-gerais/
Global Mining Review
mining
09 September 20252 min readVale Inaugurates Capanema Mine And Invests R$67 Billion In A New Phase Of Mining In Minas Gerais
Global Mining Review
09 September 2025
mining
Egypt’S Elsewedy Electric To Invest Us$2.5 Billion In Algeria’S Energy SectorEgyptian group Elsewedy Electric and Algeria’s Investment Promotion Agency (AAPI) signed a memorandum of understanding for US$2.5 billion of investments in Algeria.
The agreement, signed on the sidelines of the Intra-African Trade Fair (IATF) in Algiers, covers the creation of an industrial base focused on electrical industries and renewable energy. It also includes technology transfer, know-how sharing, and the development of electrical infrastructure.
“The announced investment plans are valued at US$2.5 billion, five times the company’s current investments in Algeria. They will create a significant number of jobs and help localise new industries,” said Mostafa Awad El Halawani, CEO of Elsewedy Electric Algeria.
Elsewedy Electric already operates a subsidiary in Algeria that manufactures cables and electrical transformers for both the domestic market and exports to countries such as Tunisia, Mauritania, Equatorial Guinea, Italy, and Spain.
The group has 34 production sites in 19 countries across Africa and Asia, including Tanzania, Saudi Arabia, Qatar, Indonesia, and Pakistan. Active in five business segments – wires, cables and accessories; electrical products; engineering and construction; digital solutions; and infrastructure investments – Elsewedy Electric employs more than 19,000 people and reported revenues of US$5.13 billion in 2024.
Want more stuff like this?
Join over 65, 400 subscribers and receive our weekly newsletter!
Please check your inbox or spam folder to confirm your subscription.
Africa Mining Market
mining
09 September 20252 min readEgypt’S Elsewedy Electric To Invest Us$2.5 Billion In Algeria’S Energy Sector
Africa Mining Market
09 September 2025
mining
Egypt’S Elsewedy Electric To Invest Us$2.5 Billion In Algeria’S Energy…Egyptian group Elsewedy Electric and Algeria’s Investment Promotion Agency (AAPI) signed a memorandum of understanding for US$2.5 billion of investments in Algeria.
The agreement, signed on the sidelines of the Intra-African Trade Fair (IATF) in Algiers, covers the creation of an industrial base focused on electrical industries and renewable energy. It also includes technology transfer, know-how sharing, and the development of electrical infrastructure.
“The announced investment plans are valued at US$2.5 billion, five times the company’s current investments in Algeria. They will create a significant number of jobs and help localise new industries,” said Mostafa Awad El Halawani, CEO of Elsewedy Electric Algeria.
Elsewedy Electric already operates a subsidiary in Algeria that manufactures cables and electrical transformers for both the domestic market and exports to countries such as Tunisia, Mauritania, Equatorial Guinea, Italy, and Spain.
The group has 34 production sites in 19 countries across Africa and Asia, including Tanzania, Saudi Arabia, Qatar, Indonesia, and Pakistan. Active in five business segments – wires, cables and accessories; electrical products; engineering and construction; digital solutions; and infrastructure investments – Elsewedy Electric employs more than 19,000 people and reported revenues of US$5.13 billion in 2024.
Want more stuff like this?
Join over 65, 400 subscribers and receive our weekly newsletter!
Please check your inbox or spam folder to confirm your subscription.
Africa Mining Market
mining
09 September 20252 min readEgypt’S Elsewedy Electric To Invest Us$2.5 Billion In Algeria’S Energy…
Africa Mining Market
09 September 2025
mining
Mozambique Approves Investment Projects Valued At About Us$5 Billion In…The Mozambican government has approved 115 investment projects valued at about US$5 billion in the first half of 2025, with the potential to create 17,000 jobs. Prime Minister Benvinda Levi announced the figures on 30th August, at the closing of the 60th Maputo International Fair (FACIM).
The largest project is Green Energy Mozambique, a US$3 billion industrial park in Sofala province. The complex is expected to generate 10,000 direct jobs and boost production of key materials including aluminum, steel, cement, batteries, and solar panels.
More than 88% of total investment was directed to Sofala, far ahead of Maputo. Foreign capital accounted for US$3.2 billion, with contributions from investors in 25 countries. The funds mainly target industry, transport, communications, and services. Domestic investment stood at US$144 million.
Levi said the results show the Mozambican economy is rebounding after climate shocks and post-election tensions, with the private sector driving growth. She also highlighted the launch of a US$250 million mutual guarantee fund during the fair to support recovery and expand private sector participation.
These achievements align with the country’s strategy to strengthen investor appeal. In recent years, Mozambique has pursued reforms to attract capital, including the creation of the Investment and Export Promotion Agency (APIEX) and the adoption of a new investment law in 2023. The country now offers tax and customs incentives, along with special economic zones in agriculture, aquaculture, and less-developed regions.
According to UNCTAD, Mozambique ranked fourth in Africa for foreign direct investment inflows in 2024, reaching US$3.55 billion, up from US$2.5 billion in 2023, when it placed sixth.
Want more stuff like this?
Join over 65, 400 subscribers and receive our weekly newsletter!
Please check your inbox or spam folder to confirm your subscription.
Africa Mining Market
mining
01 September 20252 min readMozambique Approves Investment Projects Valued At About Us$5 Billion In…
Africa Mining Market
01 September 2025
mining
Harmony Gold Reports A 20% Revenue Increase To Us$4.07 Billion In Fy2025Harmony Gold, South Africa’s leading gold producer, announced a 20% increase in revenue to US$4.07 billion for its fiscal year 2025, ending June 2025. This marks a significant rise from the US$3.2 billion reported a year earlier, primarily driven by higher gold prices during the period.
Gold prices have surged approximately 30% since January 2025, mirroring the growth observed in 2024. Harmony Gold benefited from a 27% increase in the average gold price realised from its sales, climbing from US$1,999 per ounce to US$2,620 per ounce over the period. This revenue growth occurred despite a 5% decline in the group’s production, which fell from 1.56 million ounces to 1.47 million ounces year-on-year.
The reported results predominantly reflect gold volumes from its South African mining operations, the historical core of its portfolio, including mines in the Witwatersrand basin such as Moab Khotsong, Kusasalethu, and Doornkop. Harmony Gold also maintains operations in Papua New Guinea with the Hidden Valley mine and produces platinum and uranium as by-products.
With gold currently trading at US$3,398 per ounce, analysts anticipate continued price increases through the end of 2025, with Goldman Sachs forecasting up to US$3,700Â per ounce. Harmony Gold projects stable production for the current fiscal year, targeting between 1.4 million and 1.5 million ounces.
Want more stuff like this?
Join over 65, 400 subscribers and receive our weekly newsletter!
Please check your inbox or spam folder to confirm your subscription.
Africa Mining Market
mining
29 August 20252 min readHarmony Gold Reports A 20% Revenue Increase To Us$4.07 Billion In Fy2025
Africa Mining Market
29 August 2025
mining
Qatar’S Al Mansour Holdings Signs Us$20 Billion Deal…Qatari private conglomerate Al Mansour Holdings will invest US$20 billion in Mozambique, the presidency announced on 27th August 2025.
The deal will channel funds into energy, agriculture, oil and gas, renewable power, infrastructure, fisheries, livestock, tourism, housing, hospitals and logistics, according to a statement. Mozambique’s five-year development plan for 2025 – 2029 prioritises rural electrification and domestic gas production.
President Daniel Chapo, who took office in January, has also set out plans to revive agro-industry to complement subsistence farming. Roughly 80% of Mozambique’s cultivated land is currently devoted to food for household consumption, according to the U.S. Department of Agriculture.
Al Mansour’s chairman Sheikh Mansour bin Jabor bin Jassim Al Thani said the group aims to support, not compete with, local efforts. “We are not here to compete; we are here to complement. We are not here to take; we are here to build,” he said at the signing ceremony.
The Mozambique deal follows other large-scale investments announced by Al Mansour Holdings this month: a US$12 billion commitment to Botswana on 21st August, and a US$19 billion agreement with Zambia on 18th August. In April, Qatar and Egypt also finalised a US$7.5 billion investment pact.
Want more stuff like this?
Join over 65, 400 subscribers and receive our weekly newsletter!
Please check your inbox or spam folder to confirm your subscription.
Africa Mining Market
mining
28 August 20252 min readQatar’S Al Mansour Holdings Signs Us$20 Billion Deal…
Africa Mining Market
28 August 2025
mining
Qatar’S Al Mansour Holdings Signs Us$20 Billion Deal With MozambiqueQatari private conglomerate Al Mansour Holdings will invest US$20 billion in Mozambique, the presidency announced on 27th August 2025.
The deal will channel funds into energy, agriculture, oil and gas, renewable power, infrastructure, fisheries, livestock, tourism, housing, hospitals and logistics, according to a statement. Mozambique’s five-year development plan for 2025 – 2029 prioritises rural electrification and domestic gas production.
President Daniel Chapo, who took office in January, has also set out plans to revive agro-industry to complement subsistence farming. Roughly 80% of Mozambique’s cultivated land is currently devoted to food for household consumption, according to the U.S. Department of Agriculture.
Al Mansour’s chairman Sheikh Mansour bin Jabor bin Jassim Al Thani said the group aims to support, not compete with, local efforts. “We are not here to compete; we are here to complement. We are not here to take; we are here to build,” he said at the signing ceremony.
The Mozambique deal follows other large-scale investments announced by Al Mansour Holdings this month: a US$12 billion commitment to Botswana on 21st August, and a US$19 billion agreement with Zambia on 18th August. In April, Qatar and Egypt also finalised a US$7.5 billion investment pact.
Want more stuff like this?
Join over 65, 400 subscribers and receive our weekly newsletter!
Please check your inbox or spam folder to confirm your subscription.
Africa Mining Market
mining
28 August 20252 min readQatar’S Al Mansour Holdings Signs Us$20 Billion Deal With Mozambique
Africa Mining Market
28 August 2025
mining
Fortescue Posts $5.2 Billion ProfitFortescue has reported a net profit after tax (NPAT) of $US3.4 billion ($5.2 billion) for the 2024–25 financial year (FY25), shipping a record amount of iron ore as the company continues to consolidate strong relations with China.
The iron ore major shipped a record 198.4 million tonnes (Mt) in the year to June 30, supported by strong supply chain performance and lower hematite C1 costs of $US17.99 per wet metric tonne. Underlying EBITDA came in at $US7.9 billion with a margin of 51 per cent.
“As the industry’s lowest-cost producer, we’ve delivered another strong set of results – record shipments, disciplined cost performance, solid earnings and a continued focus on safety,” Fortescue metals and operations chief executive officer Dino Otranto said.
“In line with our commitment to deliver returns to shareholders, the Board has declared a fully franked final dividend of $0.60 per share, bringing total dividends declared for FY25 to $1.10 per share, representing a 65 per cent payout of net profit after tax.”
The company joined the Australian Prime Minister and other major iron ore miners in a visit to China in July to strengthen trade relations with the country.
“The Australian Prime Minister’s recent visit to China, which I was honoured to join, highlighted the value of collaboration between governments and industry,” he said. “It was a strong signal for strengthening relationships in key markets – something underscored by our recent RMB (Renminbi) term loan facility which was made possible through Fortescue’s long-standing partnerships with Chinese institutions.”
Looking ahead, Fortescue growth and energy chief executive officer Gus Pichot said the company was balancing operational excellence with future growth.
“Green energy and green hydrogen remain key to our future, including our green iron strategy,” he said. “Construction of our Green Metal project in the Pilbara is underway and the pilot plant will soon begin producing green iron using green hydrogen.”
Fortescue is targeting FY26 shipments of 195–205Mt, with continued investment in decarbonisation and new growth projects.
Want to connect with the mining industry? Register to attend AIMEX and WA Mining Conference.
Australian Mining
mining
26 August 20252 min readFortescue Posts $5.2 Billion Profit
Australian Mining
26 August 2025
mining
Fortescue Secures $3 Billion Loan In Landmark China DealFortescue has secured a Renminbi-denominated (RMB) $14.2 billion ($3 billion) syndicated term loan, marking the first RMB facility of its kind by an Australian company.
The deal, backed by leading Chinese, Australian and international lenders, is a significant step in Fortescue’s capital strategy and highlights its strong, long-standing ties with China.
Proceeds from the five-year unsecured facility will support general corporate purposes and Fortescue’s decarbonisation goals, including partnerships with Chinese suppliers and technology leaders.
Fortescue executive chair Andrew Forrest said the loan represents more than just financial backing.
“It’s a signal of what is possible when partners are aligned in ambition,” Forrest said. “As the United States steps back from investing in what will be the world’s greatest industry, China and Fortescue are advancing the green technology needed to lead the global green industrial revolution.
“China continues to lead the world in industrial scale and innovation. Fortescue shares that ambition and drive. This landmark RMB financing strengthens our long-standing partnerships with Chinese institutions and opens new frontiers for collaboration.”
Fortescue group chief financial officer Apple Paget said this financing deepens its engagement with existing financial partners and further expands the company’s banking syndicate to institutions with Renminbi lending capabilities.
“The exceptional demand through the syndication process is recognition of Fortescue’s strong credit profile, track record for operating excellence and disciplined capital allocation,” Paget said.
“It marks another milestone in execution of our capital management strategy, diversifying funding sources, enhancing flexibility and lowering our cost of capital, including achieving Fortescue’s lowest ever cost of debt. It reinforces our position as responsible custodians of capital.”
The facility was arranged by Bank of China and Industrial and Commercial Bank of China (Sydney branches), with a 12-month availability period and repayments starting 18 months after close.
Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.
Australian Mining
mining
08 August 20252 min readFortescue Secures $3 Billion Loan In Landmark China Deal
Australian Mining
08 August 2025
mining
Newmont Finalises Its Us$1 Billion Sale Of The Akyem Gold Mine To Zijin Mining…The gold mining industry witnessed a significant transaction in August 2025 as Newmont Corporation finalised its US$1 billion sale of the Akyem gold mine to Zijin Mining Group. This strategic divestiture represents a pivotal moment in Newmont’s portfolio optimisation strategy and signals important shifts in the global gold mining landscape amidst changing gold prices analysis.
The Akyem sale marks a decisive move by Newmont to streamline its global operations and focus on what it defines as Tier 1 assets. With the transaction now complete following Ghanaian parliamentary approval, industry analysts are closely examining the implications for both companies and the broader gold market performance.
The transaction reached its conclusion when Newmont received the final payment of US$100 million (approximately A$154 million) after Ghana’s Parliament ratified the extended Akyem East mining lease. This final payment completed the total transaction value of US$1 billion, with Zijin Mining Group as the buyer.
The deal was structured in two distinct phases:
After accounting for taxes and transaction costs, Newmont’s after-tax proceeds from the sale totaled approximately US$770 million. As stated in Newmont’s official announcement, “The proceeds will support Newmont’s capital allocation priorities, which include reducing outstanding debt and returning capital to shareholders.”
The Akyem divestiture aligns with Newmont’s strategic focus on what it classifies as Tier 1 assets. According to company documentation, these assets must meet specific criteria:
While Akyem has been a productive asset in Newmont’s portfolio, the mine no longer aligned with these strategic parameters, prompting its inclusion in the company’s divestiture program.
The concept of “Tier 1” assets has become increasingly important in the gold mining sector as companies focus on quality over quantity. These premium assets typically offer superior margins, operational stability, and reduced geopolitical risk compared to smaller or higher-cost operations.
The Akyem transaction represents just one component of Newmont’s comprehensive portfolio optimisation strategy. This broader initiative aims to refine the company’s asset base following several major acquisitions and position it for sustainable long-term performance.
Newmont’s divestiture program has been substantial in scope and impact:
This systematic pruning of non-core assets follows Newmont’s transformational acquisitions in recent years, including the Goldcorp and Newcrest Mining deals that significantly expanded its global footprint.
Newmont has outlined clear priorities for the proceeds from its divestiture program:
These priorities reflect the company’s focus on long-term financial health rather than maintaining size for its own sake – a philosophy that has gained traction across the gold mining sector.
Want more stuff like this?
Join over 65, 400 subscribers and receive our weekly newsletter!
Please check your inbox or spam folder to confirm your subscription.
Africa Mining Market
mining
04 August 20253 min readNewmont Finalises Its Us$1 Billion Sale Of The Akyem Gold Mine To Zijin Mining…
Africa Mining Market
04 August 2025
mining
Newmont Finalises Its Us$1 Billion Sale Of The Akyem Gold…The gold mining industry witnessed a significant transaction in August 2025 as Newmont Corporation finalised its US$1 billion sale of the Akyem gold mine to Zijin Mining Group. This strategic divestiture represents a pivotal moment in Newmont’s portfolio optimisation strategy and signals important shifts in the global gold mining landscape amidst changing gold prices analysis.
The Akyem sale marks a decisive move by Newmont to streamline its global operations and focus on what it defines as Tier 1 assets. With the transaction now complete following Ghanaian parliamentary approval, industry analysts are closely examining the implications for both companies and the broader gold market performance.
The transaction reached its conclusion when Newmont received the final payment of US$100 million (approximately A$154 million) after Ghana’s Parliament ratified the extended Akyem East mining lease. This final payment completed the total transaction value of US$1 billion, with Zijin Mining Group as the buyer.
The deal was structured in two distinct phases:
After accounting for taxes and transaction costs, Newmont’s after-tax proceeds from the sale totaled approximately US$770 million. As stated in Newmont’s official announcement, “The proceeds will support Newmont’s capital allocation priorities, which include reducing outstanding debt and returning capital to shareholders.”
The Akyem divestiture aligns with Newmont’s strategic focus on what it classifies as Tier 1 assets. According to company documentation, these assets must meet specific criteria:
While Akyem has been a productive asset in Newmont’s portfolio, the mine no longer aligned with these strategic parameters, prompting its inclusion in the company’s divestiture program.
The concept of “Tier 1” assets has become increasingly important in the gold mining sector as companies focus on quality over quantity. These premium assets typically offer superior margins, operational stability, and reduced geopolitical risk compared to smaller or higher-cost operations.
The Akyem transaction represents just one component of Newmont’s comprehensive portfolio optimisation strategy. This broader initiative aims to refine the company’s asset base following several major acquisitions and position it for sustainable long-term performance.
Newmont’s divestiture program has been substantial in scope and impact:
This systematic pruning of non-core assets follows Newmont’s transformational acquisitions in recent years, including the Goldcorp and Newcrest Mining deals that significantly expanded its global footprint.
Newmont has outlined clear priorities for the proceeds from its divestiture program:
These priorities reflect the company’s focus on long-term financial health rather than maintaining size for its own sake – a philosophy that has gained traction across the gold mining sector.
Want more stuff like this?
Join over 65, 400 subscribers and receive our weekly newsletter!
Please check your inbox or spam folder to confirm your subscription.
Africa Mining Market
mining
04 August 20253 min readNewmont Finalises Its Us$1 Billion Sale Of The Akyem Gold…
Africa Mining Market
04 August 2025
mining