Sandvik to close Wollongong operations

wollongong_300Sandvik has announced it will close its Wollongong operations and reduce its Kalgoorlie site in the wake of continuing mining uncertainty.

As a result of the shutdown Sandvik will now focus on field service in the Illawarra, while its Kalgoorlie site will now operate as a field service division, warehouse, and rock drill rebuild facility.

“Sandvik Mining in Australia continues to operate under very challenging market conditions, with the continued reduction in commodity prices and subsequent decline in the mining business,” Rowan Melrose, country manager for Sandvik Australia, stated.

“As a result Sandvik Mining has undertaken a further review of the business and adjusted our Australian operations accordingly.”

As a result of these changes 63 roles will be made redundant in the company.

“Unfortunately, these redundancies are necessary as a result of the continuing decline in market conditions,” Melrose said.

“Sandvik is not alone in having to make these difficult decisions, with other suppliers of equipment and services, along with mining companies, announcing employment reductions and facing the same situation.”

The company added that all workers affected will be offered career transitioning services and access to Sandvik’s employee assistance program.

Sandvik will now carry out its customer pre-delivers and machine rebuilds and repairs for the Illawarra and Kalgoorlie regions from Heatherbrae and Perth respectively.

澳洲联储宣布降息!澳元暴跌、澳股疯涨

澳洲联储(RBA)周二公布利率政策决议,一如市场预期降息25个基点至2.25%,旨在刺激低迷的国内经济,称预计降息将支持需求,同时继续对澳元施加下行压力。同时,决议声明显示,委员会认为未来进一步降息也是合适的政策举措,进一步巩固了市场对后续降息的预期。决议公布后,澳元兑美元急挫100余点,刷新2009年6月以来新低0.7650。澳洲股市S&P/ASX 200指数扩大涨幅至1%,触及2008年5月以来最高。

澳洲联储决议声明表示,鉴于大宗商品下滑,澳元汇率仍高于基本面价值,预计降息将支持需求。降息将有助于促进经济增长,且通胀率符合目标。

澳洲联储决议还称,仍预计增长速度将低于趋势水平,降息的目的是为了提振经济增长,可能需要汇率进一步走低来帮助平衡经济增长,未来1-2年通胀将符合目标区间,预计失业率需再走高一些才能见到峰值。在一段时间内产出增长仍低于趋势水准。
澳洲联储自2013年8月就一直将关键利率保持在2.50%的低位不变,这次降息可谓充满戏剧性;早前有调查显示澳洲联储本次降息25个基点的概率高达六成,但因上月末的第四季度核心通胀超预期而让市场放松对澳洲联储降息的戒备,“意外”降息也导致澳元兑美元急速下挫;本轮降息也意味着迫于油价走低带来的通缩压力,澳洲联储在新的一年将转变此前“利率维稳”的态度。

澳元兑美元在决议公布后暴跌:031306535nit在金钱抱昨日发布的前瞻报告中曾向投资者提及,澳洲联储降息同时暗示未来可能进一步降息是对于澳元最为利空的结果,而澳元兑美元此次在决议后出现暴跌,也完全在预料之中,目前来看,澳元兑美元下行之路最为关键的支撑点将是0.75关口。此前在去年末,澳洲联储曾表示希望乐见澳元兑美元跌至该水平。

澳洲联储RBA预计再次进入降息周期

鉴于对澳大利亚经济疲软状况的担忧,澳洲联储很可能在今天的政策会议上选择降息。

最新官方数据显示,澳洲年度失业率有所下降,然而本季度失业率平均值比上个月的平均值有所升高,说明失业率仍在继续攀升。在过去的一年中,澳洲平均失业率由5.9%逐步上升至6%、6.1%,最终达6.2%。

澳洲联储理事会公布的经济数据显示,澳大利亚6个月内经济年度增速由3.6%下滑至1.6%。,新的预测数据将在周五重新公布。

由于经济增长所需财政预算下跌回长期水平,消费者信心指数和企业信心指数均未出现提振。

受到价格折扣的影响以及工资缓慢增长和攀升的失业率的压力,零售销售数据保持稳定但并未出现大幅增长。

油价暴跌以来,整体通胀水平已经下跌至1.7%,进一步偏离澳洲联储在上一年第二季度所设定的2—3%的通胀目标。更重要的是,不同于去年年底给出的油价下跌将放缓的预期,澳洲联储可能会预计油价将继续下跌,而这一下跌将影响其他商品价格,给通胀带来更大下行压力。

澳洲联储的重心并未放在2014年第四季度超高的基本通胀率上,而更加关注与 “非贸易品”(不进行国际交易的商品)相关的通胀率。由于工资增长缓慢和消费者需求降低,这一指标较去年同期大幅下滑。然而尽管澳元严重贬值,与“贸易品”(可进行国际交易的商品)相关的通胀率也已经出现负值。

尽管受到降息是否能有刺激经济增长的质疑,澳洲联储仍希望降低隔夜现金利率。然而大家担心这一降息决定可能会对地产投资市场造成不利影响,其刺激企业和消费者借贷以增加消费的目的可能无法实现。

另一降息阻力来自于澳洲联储在12月政策会议后发布的声明,声明中提到“最谨慎的做法应该是维持利率一段时间内的稳定”。

澳洲联储相信自去年12月以来,油价暴跌、经济增速放缓和低通胀率已经改变了市场情况。他们相信如果降息势在必行的话,那么现在就是最好的时间。他们同时担心如果违背了降息预期,近期内贬值的澳元将会重新反弹。

本周二,包括新任的财政部长John Fraser在内的澳洲联储理事会的9个成员将最终决定是否降息。目前市场预期降息势在必行。如果考虑到近期经济增长而没有降息的话,降息决定将可能出现在3月。

Nullagine Joint Venture

The Nullagine Joint Venture (NJV) is an unincorporated 75:25 joint venture between BC Iron and Fortescue Metals Group (Fortescue), which is located approximately 150km north of Newman in the Pilbara region of Western Australia.

The NJV is a producing iron ore mine with the capacity to export up to 6Mtpa of product. BC Iron is the operator and manager of the joint venture and Fortescue facilitates the export of iron ore via both its rail and port infrastructure, and the provision of marketing services.

Nullagine Joint Venture location
Nullagine-Joint-Venture-locationIron mineralisation occurs in channel iron deposits, which present as flat-top hills or ‘mesas’. The NJV contains an extensive number of mesas, shown in orange above. The current NJV mine plan includes 12 mesas across four mining areas; Outcamp (1-5), Warrigal (1-4), Bonnie East (1) and Coongan (1 and 2).

Ore is mined using surface miners and then processed via a simple dry crushing and screening method to produce Bonnie Fines, a direct shipping ore (DSO) fines product. The Bonnie Fines product is transported approximately 60km from the NJV mine site to Fortescue’s Christmas Creek rail loadout facility via a private bitumen haul road, utilising 400 tonne payload Powertrans Pit Hauler rigs. At Christmas Creek, Bonnie Fines is loaded onto trains and transported approximately 300km to Fortescue’s Herb Elliot Port at Port Hedland, where it is loaded onto capesize vessels and exported to customers overseas.

Bonnie Fines has an iron grade of 56-57% Fe, but has a loss on ignition of approximately 12% which produces a high calcined iron grade after sintering. It also has low impurities, particularly phosphorus and silica. These properties make it a highly-sought after sinter feed.

During FY2014, the NJV exported 5.79M wmt1 (BC Iron share 4.30M wmt) at free-on-board (FOB) C1 cash operating costs of $52 per wmt. As at 30 June 2014, the NJV has a remaining mine life of 5-6 years at an average waste to ore ratio of 1.3:1.

BC Iron is assessing mine life extensions at the NJV via the beneficiation of low grade material (50-55% Fe) into a saleable product. The initial phase of this work has been completed, which culminated in BC Iron reporting an Ore Reserve estimate for beneficiated shipping ore (“BSO”) of 3.9Mt at 54.2% Fe (after yield adjustment). This estimate only consider low grade at existing stockpiles and within the current DSO pit designs. Further work is required to evaluate regional mesas which are not in the current mine plan.

BC Iron leans on contractors for cost savings

BC Iron is looking to renegotiate the terms of several of its workforce contracts in order to save money amid the weak price of iron ore.

BC made the announcement as part of its December quarter results.

At Iron Valley, the agreement with Mineral Resources Limited is being varied to ensure the company can implement initiatives aimed at securing the project’s long-term viability.

Meanwhile, the Nullagine mine is also going out to tender in the hope of securing cost savings.

“The next round of material savings will come in our retendering of existing contracts,” CEO Morgan Bell said.

“We’re expecting a reduction in the overall cost of mining and potentially haulage.”

Nullagine mine, a joint venture with FMG, cut jobs in December in order to deal with the falling price of iron ore.

The price of the commodity hit fresh five-year lows last week of $USS63 a tonne.

BC Iron managed to save $2-3 per wet metric tonne during the quarter, with the company revising its full-year cash cost guidance down to $47-51/wmt.

Nullagine mine ramped up production to its 6 million tonnes per annum run-rate in the December quarter following an operational slow-down in the September quarter.

The mine shipped 1.38wmt of Bonnie Fines for an average price of $60 per tonne.

The new Iron Valley mine shipped a total of 0.79M dmt in the quarter.

BC Iron’s cash balance was $110.1 million as at 31 December 2014.

Ball said the miner would continue to focus on operational performance, productivity and costs in order to make it through the iron ore slump.

“In a really tough in environment we’re all doing a really good job and keeping on punching,” Ball said.

Last year, company announced three non-executive directors resigned with the remaining directors taking a 10 per cent pay cut.

Bradken buyout falls through

A proposed acquisition of Bradken has collapsed as mining markets remain volatile.
Late last year a private equity consortium, consisting of Bain Capital and Pacific Equity Partners, made approaches for a takeover of the construction and engineering company.
The move, worth around $872 million, drove Bradken stock up 36.45 per cent in a single day.
However the deal has now collapsed.
According to Bradken, following due diligence of the consortium and the development of a proposal “the recent volatility in global commodity and financing markets has impacted the consortium’s ability to obtain financing on terms acceptable to the consortium”.
“As a result, the consortium has now informed the Board that it is not in a position to make a binding proposal at this time.
“Consequently, Bradken and the consortium have ceased all discussions in relation to the proposal.”
Following this announcement Bradken has now focused on “a number of fast-payback Capex initiatives that are designed to increase EBITDA and overall margins on existing volumes”.
This includes the recent acquisition of a foundry in India and cost reduction activities.
Bradken also has a gloomy outlook ahead, stating that while it “remains well positioned to navigate through this volatility, there are no visible signs at this stage of a turnaround in the mining cycle”.
The manufacturer will announce its results in early February.

New screen plants launched

Terex Minerals Processing has developed new feeder and screen plants, expanding its CR Series of portable plant range.

The new machines, the Terex Cedarapids CRS620S Portable Screen plant and Terex Cedarapids CRS6203FV Portable Feeder/Screen plant, are the next generation of Terex processing plants, according to the company.

Terex stated that the new CRS620S screen increases production and handles applications not possible with traditional horizontal screens because it combines high g-force oval stroke motion with adjustable variable slope operation.

This plant can handle larger deck loads and larger screen openings.

Hydraulics raising modules can quickly change the screen slope in 2.5 degree increments up to a maximum of 7.5 degrees to best fit the screening application.

Screen openings up to 152 mm are possible while ‘slant spring’ screen suspension provides stability at all slopes, and includes low-maintenance dampers and also eliminates transport braces.

The plant uses large capacity conveyors to handle the high production capabilities of the new LJ-TSV6203 screen, while an optional fines reject system is able to remove excess fines to help achieve in-spec product without additional conveyors.

The 1219 mm wide fines conveyor, which has an elevated discharge, and the two 762 mm wide reversible cross conveyors, which extend up to 1067 mm beyond the main frame, easily feed off-plant conveyors.

The screen plant has magnetic screen deck liners for cross beams and diagonal braces.

Roll-away blending chutes and extended walkways allow easy access to screen cloth.

A low-maintenance flex shaft screen drive eliminates drive belt influence on the screen motion, belt whip, belt slippage, and spring loaded belt tensioners.

There are no drive adjustments necessary when the screen slope is altered. In addition, the new flex shaft drive folds for travel, without shaft disassembly, to minimise plant transport width.

Terex added that the plant interfaces with cone in-out style plants.

Its other machine, the CRS6203FV, has been designed to “handle applications not possible with traditional horizontal screens because it combines the efficient, high g-force oval stroke motion with variable slope operation”.

In a similar fashion to its other machine the CRS6203FV uses a LJ-TSV6203 variable slope screen that is able to handle larger deck loads and has bigger screen openings that increase throughput and production.

A bottom deck deflector plates shift material towards the feed end of the screen, boosting screen efficiency.

Hydraulic raising modules are able to lift the screen up to 10 degrees in 2.5 degree increments as needed, while its patent pending screens stabilisation system also includes motion dampers.

Under-frame mounted triple-axle spring suspension with spring-applied brakes provides increased stability.

It has a large surge hopper with a remote controlled tipping grid and a variable belt feeder that allows loader feed from either side of the machine for more flexibility in production.

The feed hopper measures 4877mm by 2438 mm and comes with rubber side curtains.

The portable feeder screener has been designed with maintenance in mind, and features conveniently located grease banks, cartridge style cross belt flashing, and Martin style conveyor belt wipers.

Its service platforms and guard rails run around three sides of the screen, and are accessed by a telescoping ladder.

“Plant interfaces with cone in-out style plants and can be configured with or without belt feeder and grid providing high versatility,” Terex said.

However Terex are not the only company to introduce new screens.

CDE Global has released a number of new screens in its ProGrade range, which features new screen design systems.

According to CDE the new screen design system results in a stronger but lighter screen which requires less power.

This is due to a re-design of the side walls on the screens.

The new bolted screens also include zero welds and are galvanised as standard, all of which serves to maximise plant life, maximise plant availability and minimise time required for maintenance.

An additional feature of the new ProGrade screens is the patent pending CDE U-Span cross members.

The new cross member design is modular across the ProGrade range and also include zero welds.

As well as offering enhanced geometric consistency the new design facilitates increased space between screen decks, allowing for quick and easy access to replace screen media.

CDE Global product development manager Kevin Vallelly added that “the first stage of the new ProGrade product launch sees the introduction of our new patented technology on a number of screens and dewatering screens. The developments will also be incorporated on the new EvoWash 100 range of sand washing plants and across the M2500, M3500 and M4500 portable washing plants and the R2500 primary screening unit.”

The new screen design system is now available on the ProGrade P2-75 (two deck 5 meter by 1.5 metre screen), P3-75 (three deck 5 meter by 1.5 metre screen) and P2-108 (two deck 6 metre by 1.8 metre screen).

Over the course of the next few months the new design will also be offered on the ProGrade P3-108 (three deck 6 metre by 1.8 metre screen).

亚太地区的1万亿美元投资

报告显示矿产活动驱动着工业投资

市场情报公司 Timetric 建筑情报中心 (Timetric Construction Intelligence Center)近日的一份报告揭示了亚洲工业板块项目超过1万亿美元的投资计划。领头的是印度,该国制定了价值4110亿美元的计划。

该报告同时发现,中国和印度尼西亚也有巨大的投资水平,两国分别有2000亿美元和1240亿美元的开发计划。

其它新兴国家,如越南等,也有正面的结果。越南制定了价值达560亿美元的工业建筑项目。

采矿业是澳大利亚的核心聚焦,因为金属和物料加工工厂带来了价值将近370亿美元的工程,为该板块价值的一半。

该研究小组的结果表明,所研究的15个国家所进行的1.08万亿美元的工业项目,金属和物料生产工厂板块占主导地位,该板块拥有价值4460亿美元的项目,紧随其后的是制造工厂板块,拥有价值3140亿美元的项目。

在该报告的清单上,价值最高的项目是价值500亿美元的越南万安经济区(Vung Ang Economic Zone)。该项目包括重要的河静( Ha-Tinh)钢铁厂和山阳港( Son Duong Port)。

Timetric CIC 经理 Neil Martin 称,“发达的亚太经济体倾向于在工业建筑中投资更多,而该地区工业化程度较低的国家在工业建筑方面显示出最大增长,尽管起点较低。

“我们估计到2019年,像越南、印尼、蒙古和土库曼斯坦等国的增长预计将有6%或更高。这已经在采矿、加工或制造业方面的投资中显现出来了。这些领域的投资将推动这些发展中的经济体的发展。”

Iron ore production in the Northern Territory grinds to a sad and costly halt

6046596-3x2-700x467The Northern Territory’s last operating iron ore mine has ground to a halt, wrapping up what has been a disastrous six months for the sector in the Top End.

After months of speculation, the Frances Creek mine near Pine Creek has now stopped production, joining Sherwin Iron and Western Desert Resources which went into voluntary administration last year.

Terry O’Connor, from the Darwin Port Corporation, said the collapse of the Territory’s iron ore sector was a big blow for the port.

“The iron ore trade was our biggest customer in terms of return to the port and its [collapse, has left] a significant hole in our budget,” he said.

“Our understanding, at this stage, is that the plan is to finish up the operation at Frances Creek, [but] they still believe there’s a chance they may recommence [mining] at some stage in 12 months or so.

“[However] our feeling is, it’ll take a significant amount of time to remobilise and get everything to happen, so we certainly don’t expect to see any new exports of iron ore out of Frances Creek before this time next year or even 18 months at the earliest.

“We’d like to think they’ll come back. But it’s demand driven, we understand that. There’s always peaks and troughs and this is a trough at the moment.”

AUDIO: Terry O’Connor says the collapse of NT iron ore projects will leave a hole in the Darwin Port’s budget (ABC Rural)
Mr O’Connor said the last loads of iron ore from Frances Creek were delivered to the port in late December.

He said there were about 250,000 tonnes stockpiled at the port, to be exported over the coming months.

From a workforce of over 300, it is understood there are now just 20 workers left at the Frances Creek project and that number will be reduced again in the coming weeks.

The plunging iron ore price, which sparked problems for all three Top End iron mines, has dipped below $US65 a tonne, its lowest point since 2009.

Mining town of Pine Creek suffering

Ray Wooldridge has lived in the mining town of Pine Creek since 1991 and has seen plenty of ups and downs.

He said the mothballing of Territory Iron’s Frances Creek project has hit the town hard.

“If you take a workforce of 300 people out of a town of about 600, it has a dramatic effect,” he said.

“Most of the people [who worked at the mine] have gone, there’s been fire sales and those who had housing or were renting have sold up and moved on.

“There’s quite a few empty houses in town now.”

The opening hours of many businesses in Pine Creek have been reduced and one of the licensed premises has decided to close for the wet season because there are so few people in town.

ABC Rural visited one bar at 6 o’clock on a Saturday, which was serving eight patrons.

“It’s getting very, very quiet” said the barmaid.

AUDIO: Ray Wooldridge from Pine Creek says the town is doing it tough (ABC Rural)
The planned shutdown of the Frances Creek iron ore mine was first reported by ABC Rural in July 2014.

The mining company, Territory Iron, has still not offered up anyone for a comment.
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