Rio to restructure Simandou for Chinese infrastructure
RIO Tinto said it would restructure the Simandou iron ore project in Guinea to "... facilitate access to infrastructure funding from China".
The Anglo-Australian group's...
Assmang hooks ferroalloys smelter
Assmang, a joint venture between ARM and Assore, is to bring the curtain down on its last ferroalloy smelter in Machadodorp following a strategic review.
AMSA hikes steel price 11% as it haemorrhages R300m/month
ARCELORMITTAL South Africa (AMSA) announced steel price increases of up to 11% - more than double inflation - in an effort to keep its...
SIOC awarded 100% of Sishen rights, conditions to cost R100m
A SEVEN year odyssey of litigation and acrimony regarding the mineral rights of the Sishen Iron Ore mine was brought to a close today...
SA aids AMSA by extending import duties
ArcelorMittal South Africa had "a reasonable prospect" profitability as a key requirement for its recovery - steel import duties - were extended by the Govt.
Kumba de-risked as transfers Thabazimbi to ArcelorMittal SA
KUMBA Iron Ore continued its rehabilitation, quite possibly in preparation for its demerger, announcing today its 76%-owned subsidiary, Sishen Iron Ore Company (SIOC), had...
Mbazima leaves Kumba to drive Anglo SA asset sale process
NORMAN Mbazima is to step down as CEO of Kumba Iron Ore in order to focus on the restructuring of the company as well...
Kumba studies ‘step-out’ growth plan as iron ore market shifts
ANGLO American listed subsidiary Kumba Iron Ore set down plans for a more outward looking "step-out" strategy partly aimed at replacing diminishing reserves at...
Rio suspends executive as $10.5m Simandou payment surfaces
THE scandal and murky dealings that have characterised Guinea's Simandou iron ore project permeated into the affairs of Rio Tinto following an investigation into...
Tharisa to list in UK in effort to boost share liquidity
THARISA is to list on the London Stock Exchange in an effort to boost trading in the share which has a free-float of 25%...