Kumba ‘second footprint’ lends option to SA
Norman Mbazima, Kumba Iron Ore CEO, believes government is realistic, but its plans for domestic iron ore pricing makes the firm's Africa footprint a useful option.
Kumba marks out cost battle for 2013
The 2013 financial year will be one of cost containment at Kumba Iron Ore which said that an increase in waste mining will be a major challenge.
Amsa sheds 6.7% after Vanderbijlpark fire
Shares in ArcelorMittal SA fell after the company said it had shut its Vanderbijlpark Works following a fire that caused "extensive damage" on February 9.
Anglo in $4bn Minas Rio write-down
Anglo American has written down its Minas Rio iron ore project by $4bn and said capital expenditure will increase to $8.8bn as it chases a 2014 production deadline.
IDC sounds note of caution on steel mill plans
Plans by government to build a steel mill in South Africa must be implemented with a view to avoiding "unintended consequences", according to the IDC.
Anglo sells 70% stake in Brazil’s Amapá
Anglo American has sold its non-core Amapa iron ore mine in Brazil to Zamin Ferrous
for an undisclosed fee, the group said.
Sundance Hanlong bid boosted by permit
The A$1.14bn bid for Australian firm Sundance Resources was given a timely boost after authorities in the Republic of Congo granted a mining permit.
Kumba, Amsa agreed one-year iron ore price
Kumba Iron Ore will supply ArcelorMittal South Africa with 4.8 million tonnes of iron ore at a weighted average price of $65/t, the companies said yesterday.
Eskom reprises power buy-backs with Xstrata
The Xstrata-Merafe Chrome Venture has agreed to idle 25% of its production as Eskom seeks capacity to continue R35bn maintenance plan.
Govt nears deal on foreign-backed steel venture
South Africa's government said new steel capacity promising developmental pricing was imminent, and potentially backed by international investors.