Kolomela aids Kumba’s Q4 production
Kumba Iron Ore has reported a production increase of 4%, aided by the first contribution of the newly commissioned Kolomela mine.
Rand shields Merafe from ferrochrome woes
The weaker rand is giving Merafe Resources some respite from the distressed
ferrochrome market, analysts say, while the company has also secured debt to
finance the Lion expansion project.
IFM recovery exceeds expectations
Ferrochrome producer International Ferro Metals has taken another step towards
restoring investors’ faith, meeting key cost and production milestones as it seeks to
regain former highs.
African Iron directors accept Exxaro offer
African Iron's directors have formally accepted Exxaro's takeover offer, says the company.
ArcelorMittal SA primed for promotion
Arcelormittal SA has a more-than-even chance of re-admittance to the JSE/FTSE
Africa Index Top 40 when the stock exchange’s worthies pour over re-weightings.
Rio Tinto’s iron ore output flattens out
Rio Tinto has reported near-flat production growth of iron ore for the fourth quarter, weaker than some market expectations amid concerns that Chinese demand is softening.
Iron ore prices lift Kumba earnings
Kumba Iron Ore says an increase in export iron ore prices has substantially lifted its full-year earnings.
Authorities halts Petmin’s SamQuarz sale
Petmin says its proposed sale of the SamQuarz silica mine has been disallowed by the Competition Commission.
Amsa plant resumes production
ArcelorMittal SA, a unit of the world’s biggest steelmaker, has resumed full production at its Newcastle plant that was hit by a furnace failure last year, says the company.
Mboweni buys stake in iron ore junior
Former Reserve Bank Governor Tito Mboweni and his brother, Alto, will buy up to 20% of iron ore junior Ferrox Holdings in a $32m deal.