Eskom buy-backs hit Merafe output
Merafe Resources says its production of ferrochrome was 21% lower during the first quarter of 2012 than
the comparative period, mainly due to power buy-back deals with Eskom.
Anglo American sells Scaw’s SA assets
Anglo American has announced the final stage of its $1.4bn divestment from
Scaw Metals, selling the SA subsidiary of the steelmaker to a consortium of
companies.
Eskom buy-backs boost ferrochrome price
Merafe Resources CEO, Stuart Eliot, says the South African ferrochrome
industry is only operating at 65% capacity, accounting for the boost in second-
quarter prices.
Evraz reviewing steel price collusion claims
Evraz Highveld Steel & Vanadium said it had mobilised its legal team to review a
case referred by the Competition Commission that the steel producer had colluded
with ArcelorMittal SA on price adjustments.
Amsa, Highveld face collusion charge
The Competition Commission has referred a collusion case against
ArcelorMittal SA and Highveld Steel and Vanadium to the Tribunal, asking for a
penalty of 10% of turnover.
Merafe shuts more furnaces over power
Merafe and Xstrata’s chrome venture will temporarily shut down another two of
its 20 furnaces in an extension of its power buy-back deal with Eskom.
BHP’s head of iron ore steps down
BHP Billiton's head of iron ore, Ian Ashby, will step down from his position on July 1 after a career of 25 years at the company, says the diversified miner.
Tharisa bags R1bn debt, quadruples mine output
Tharisa confirmed debt facilities of R1bn, which will help it put its chrome and
PGM mine on the map ahead of a possible listing.
Essar shows its plans to revive former Zisco
India’s Essar Global is to sink $4bn into Zimbabwe’s collapsed steel mining
and beneficiation industry through a capital injection into NewZim Steel, a JV
with the country’s government.
Petmin profit flat, doubles Somkhele capacity
Petmin has posted an interim net profit of R47m to end-December 2011, following a period of significant capital investment in its flagship Somkhele mine.