Home News Ferrous Metals

Ferrous Metals

Kumba cuts output 26% to counter “unsustainable” stock level

0
KUMBA Iron Ore cut fourth quarter production 26% to ease pressure on mineral stockpiles at its mines and Saldanha port which it said had...

Kumba up 8% as iron ore price gets off to strong...

0
SHARES in Kumba Iron Ore have gained just over 8% in the last week following an improvement in iron ore prices. According to a report...

Tharisa needs more of the same after record Q1 chrome output

0
THARISA started its 2024 financial year on a good production footing producing record amounts of chrome, a metal used in steelmaking. The company said in...

Tharisa to accelerate underground mining plan following review

0
THARISA is to start underground mining at its North West province chrome and platinum group metal (PGM) mine earlier than planned in order to...

Bushveld to cut 40% of head office staff as global markets...

0
BUSHVELD Minerals had cut jobs at its head office impacting about 40% of total employees as it sought to turn the company's fortunes around. In...

Kumba halts production growth plans as TFR woes take toll

0
KUMBA Iron ore has shelved plans to increase production saying that following a business review this year output will be flat from 2024 to...

Rio’s Stausholm estimates $6.2bn spend on Simandou iron ore

0
RIO Tinto expected to spend $6.2bn developing Guinea's Simandou iron ore deposit with initial production pencilled in for 2025. Speaking to Bloomberg News, Rio Tinto...

Bushveld survival plans boosted after refinancing $46.9m in debt

0
ORION Mine Finance has agreed to refinance and extend $46.9m in debt with Bushveld Minerals paving the way for the recapitalisation of the vanadium...

Anglo discusses job cuts at Amplats, Kumba Iron Ore

0
ANGLO American acknowledged it was under pressure following sustained weakening in platinum group metal prices (PGMs) and a decline in the performance of South...

Bushveld starts trimming business with plan to sell CellCube

0
BUSHVELD Energy said today it intended to sell its 25.25% stake inĀ CellCube, an energy storage battery manufacturer. The divestment is part of plans to simplify...