ArcelorMittal to drop steel prices
ArcelorMittal has revised its steel pricing policy for domestic consumers following the interim pricing agreement reached with Kumba Iron Ore over iron ore supplies.
ArcelorMittal checks its management system
ArcelorMittal has called in an external audit firm to confirm that its enterprise risk management system is all it's cracked up to be given what happened over Kumba.
Demand recovery fires Merafe in H1
Merafe Resources, which is in joint venture with Xstrata, lifted ferrochrome production 149% in the first half of its financial year as demand recovered.
Wage negotiations concluded at Assmang
Trade union Solidarity says that wage negotiations at Assmang's Khumani and Beeshoek iron mines in the Northern Cape have been concluded after only two rounds, with the union negotiating a wage increase of 10%.
Motjoli to challenge Kumba in R11bn mine
Little known Motjoli Resources is considering building an R11bn iron ore mine that will add diversity to supply of a mineral much in the frame lately.
Govt may rule in vexed iron ore dispute
A temporary peace has been called between ArcelorMittal and Kumba Iron Ore but government has a key role to play as it's concerned at how steel prices could be affected.
Kumba arbitration could take two years
It could take between one and two years for arbitration proceedings over the disputed iron ore contract between Kumba Iron Ore and ArcelorMittal to reach a decision.
Kumba’s interim profits soar
Kumba Iron Ore has reported a 90% surge in profits for the first six months of 2010 but sounded a note of caution on expected trading conditions in the second half which could show a modest slowdown.
Kumba strikes interim deal with ArcelorMittal
UPDATED - Kumba Iron Ore and ArcelorMittal have reached an interim pricing agreement which will keep iron ore supplies flowing to the steel producer.
Shabangu must act on Sishen dispute
Top rated analyst David Pleming of Macquarie First South Securities has called for mining minister Susan Shabangu to take a leadership role in dealing with the mining rights dispute at Sishen.