Ferrous Metals

Govt seeks discount ore deal for steel firms

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Government is pursuing a deal with domestic steel and iron industries that will allow steel firms to source iron ore from Kumba at a discount, subject to a steel pricing agreement.

Kumba dampens cheap iron ore hopes

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Kumba Iron Ore says it will not enter into a state-initiated discount iron ore agreement before its disputes over prospecting rights in Sishen Iron Ore are resolved.

Exxaro eyes iron ore investment

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Exxaro Resources says it aims to diversify from coal and wants to add iron ore to its portfolio.

Minas Rio on track, says Carroll

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Anglo American CEO Cynthia Carroll told says the group's key Minas Rio iron ore project in Brazil is moving full steam ahead, following repeated delays and cost overruns.

Murray & Roberts to sell off steel unit

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Construction group Murray & Roberts Holdings says it will close or dispose of underperforming units within its steel business.

Merafe sees strong growth in stainless steel

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Merafe says its medium to long-term growth forecast for stainless steel remains strong, with production expected to reach record levels this year.

Supply fears hurt Amsa sales

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ArcelorMittal SA CEO Nonkululeko Nyembezi-Heita says jitters over the stability of iron ore supply may have prompted the group's South African customers to source steel from abroad.

Sandi Majali granted bail

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UPDATED: Alleged corporate hijacker Sandile Majali has been released on bail after an urgent application was lodged in the Johannesburg High Court, says his lawyer.

Sandi Majali arrested

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The South African Police Service have confirmed the arrest of controversial businessman Sandi Majali for the alleged hijacking of Kalahari Resources.

Kalahari ‘hijackers’ arrested

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The alleged hijackers of mining firm Kalahari Resources have been arrested and will appear in the Pretoria Commercial Crimes Court on fraud charges.