Tuesday, February 20, 2018

Rio Tinto raises iron ore output forecast after a 39 percent jump in first-quarter production.

There have been ominous developments on the board of Imperial Crown trading with Duduzane Zuma, son of the country's president, Jacob Zuma, becoming a director.

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

Rio Tinto and Sinosteel have extended their Channar iron ore joint venture in Australia to produce a further 50 million tonnes of ore, says Rio Tinto.

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.

AIM-traded Bellzone strikes a deal with China International Fund to build a $2.7bn railway that opens up a giant iron ore deposit in Guinea and potentially brings forward the production date.

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.

ArcelorMittal South Africa has reported a sharp drop in first-quarter profit, but says it expects improvement in the next three months.

An end to de-stocking coupled with rising demand will ensure ferrochrome contract prices do not fall below current levels for the fourth quarter, International Ferro Metals says.

International Ferro Metals, the London-listed ferrochrome producer with operations in South Africa, reports a 6% drop in quarter-on-quarter production.