Kumba workers reap big payout
Kumba Iron Ore says that over 6,200 of its employees will reap a R576,045 payout in December as part of an "empowerment" plan aimed at non-managers.
ICT, Kumba decision due mid-December
Mid-December should hear a judgement on the dispute over iron ore mineral rights between Imperial Crown Trading, Kumba Iron Ore and ArcelorMittal.
Amsa slips into Q3 loss
ArcelorMittal SA has reported a third-quarter loss due to higher costs and lower steel prices, but says earnings in the following three months will improve
Steel decline drives iron ore to record slump
Iron ore price declines earlier this week took September's losses to a record 30% with producers saying it could take months for Chinese demand to recover.
Zanaga ups Congo iron ore resource
AIM-listed Zanaga Iron Ore Company announced a 7.5% increase in estimated resources for the Zanaga iron ore project in the Republic of Congo.
IFM meets key milestones
International Ferro Metals is ticking all the boxes in its attempts to turn the corner on a difficult past, meeting key targets as its seeks to lower costs and increase capacity.
Move to iron ore shorter-pricing gains speed
Rio Tinto says iron ore demand has remained robust despite market weakness, and says a fall in prices is accelerating a move to shorter-pricing methods.
Kumba’s Q3 output up 2%
Kumba Iron Ore has reported a 2% rise in third-quarter output and says it sees an increase in the volatility of iron ore prices in the short term.
Merafe Q3 output down
Merafe Resources has reported a 18% drop in third quarter production as weaker markets and scheduled maintenance see the company operating at just above half its capacity.
Rio Tinto approves $1.3bn for Simandou
Rio Tinto has approved an additional $1.3bn of funding for its Simandou iron ore project in Guinea, pressing ahead with plans that will see the first shipment of ore by mid-2015.