Kumba slides on earnings update
Shares in Kumba Iron Ore are under pressure following the release of a disappointing trading update from the Anglo American subsidiary.
Dip in ferrochrome benchmark price
The European benchmark ferrochrome price for the third quarter has been
settled at $1.25 per pound: a 7% decrease from the $1.35/lb of the current
quarter.
Flagship R10.7bn manganese project in disarray
ArcelorMittal may escalate legal action as it suspects corporate governance
failures at Kalagadi Manganese, the flagship venture of South Africa’s
beneficiation strategy.
Kumba bullish on iron ore price prospects
Kumba Iron Ore sees the long-term price of iron ore "much higher' than $80
per tonne, while the prevailing higher prices will last longer than what markets
have anticipated.
Aussie miner floats rail JV with Exxaro
The relationship between Equatorial Resources and Exxaro Resources has
thawed with the two firms looking at sharing iron ore infrastructure costs in the
Republic of Congo.
Ferrox appoints HSBC as adviser
Iron ore junior Ferrox Holdings has appointed HSBC as its financial adviser in
raising capital for the development of the group’s Tivani project in Limpopo.
A new breed of black miners
Despite well-documented frustrations, the South African mining industry is changing, albeit slowly.
ICT, DMR granted leave to appeal in Sishen case
The legal wrangle over the mineral rights of Kumba Iron Ore's Sishen mine is set to continue in the Supreme Court of Appeal.
Amsa stages turnaround, warns of dark clouds
An insurance payout, the return to production of the Newcastle plant, and restocking
spelled good news for ArcelorMittal SA which nonetheless warned that domestic
steel demand conditions were "lacklustre".
Metmar questions legality of ‘chrome export ban’
Implementation of a proposed $100 per tonne levy on chrome exports will
effectively 'ban' the industry, and may not stand up constitutionally, says Metmar's
David Ellwood.