Kumba’s fate to be unveiled on Feb. 16
Norman Mbazima, Kumba CEO, referred queries about the future of the firm to Anglo American's Mark Cutifani who is due to unveil more restructuring next week.
Iron ore outlook colours Kumba R6bn write-down
Kumba Iron Ore impaired its Sishen iron ore mine by R6bn - a decision partly informed by the significant impact of weaker iron ore prices this year.
Kumba axes 3,933 in bid to stay afloat
The unremittingly weak iron ore price has finally closed in on Anglo American's Kumba Iron Ore which is cutting jobs and reducing output.
Assore books R71m write-down on iron ore
A 38% decline in the price of iron ore had forced Assore to register a write-down on its investment portfolio despite a 25% decline in the rand's value.
SA aids AMSA by extending import duties
ArcelorMittal South Africa had "a reasonable prospect" profitability as a key requirement for its recovery - steel import duties - were extended by the Govt.
Kumba objects to Sishen domestic supply condition
Conditions laid down by the DMR on domestic iron ore supply and procurement are holding up the granting of the residual Sishen mining right to Kumba.
South32 shutters SA manganese pending review
South32 said it would keep its manganese mines in South Africa's Northern Cape closed following a fatality this month until it had completed a strategic review.
IDC resolute on $5bn steel mill for South Africa
Geoffrey Qhena, CEO of the Industrial Development Corporation, said the bank would press ahead with a $5bn steel mill lest the country be caught napping.
DMR haggling prolongs Kumba, SIOC saga
The South African government has imposed conditions before it will bring the Kumba, Sishen Iron Ore imbroglio to an end.
Kumba unlikely to reinstate dividend
Kumba Iron Ore was unlikely to pay dividends with cash flow generation a major struggle throughout 2016, said Goldman Sachs.