Merafe says chrome export duty imminent
An export duty on chrome ore would help stop the slide in South Africa’s
market share of ferrochrome and protect jobs, Merafe Resources CEO Stuart
Elliot said.
IFM agrees to shut two furnaces
Eskom has agreed to buy back power from International Ferro Metals which has
agreed to shut two furnaces in deals most likely similar to shut downs at Rukkii,
Xstrata and Samancor.
Juniors will struggle to supply iron ore: Rio
Tightened credit lines and labour shortages would make it difficult for junior mining
firms to plug the supply deficit in iron ore said Rio Tinto which added the market
would not be oversupplied any day soon.
Big three iron ore miners may join China platform
China's recently established iron ore trading platform may be joined by the likes of
Rio Tinto, BHP Billiton and Vale.
Equatorial Resources bows to Exxaro offer
Equatorial Resources accepted an offer by Exxaro Resources for its 20% stake in
African Iron taking the South African firm's stake in the iron ore exploration firm to
86%.
BHP to halt Australia manganese facility
BHP Billiton will suspend production at its TEMCO manganese alloy smelter in Tasmania, Australia, by early to mid-March and conduct a review of the business.
Rio Tinto to invest in driverless iron ore trains
Rio Tinto is investing $518m in driverless trains for its 1,500km Western Australian iron-ore rail network as the world no. 2 iron ore miner aims to boost output 60% by 2015.
IFM ponders Eskom buy-back offer
International Ferro Metals may soon join SA’s other ferro alloy producers by shutting
down furnaces in an allocation buy-back agreement with Eskom.
Anglo, Kumba join West Africa iron ore rush
Anglo American and Kumba Iron Ore have joined forces to eke out possible iron ore
opportunities in Africa, especially the in-vogue West Africa region.
Merafe/Xstrata in power deal with Eskom
The chrome venture between Xstrata and Merafe Resources will temporarily shut down five ferrochrome furnances to assist Eskom with power supply constraints.