Ferrous Metals

Kumba, Amsa put arbitration on ice

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ArcelorMittal SA and Kumba Iron Ore have placed an arbitration process over a supply agreement on hold, saying it will continue once the court case over the disputed Sishen right is finalised.

Anglo names new boss for Brazil iron ore

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Anglo American has replaced the head of its Brazilian iron ore operations, which includes its flagship $5bn Minas-Rio project, naming its commercial director as chief executive.

London Mining starts up Sierra Leone iron ore

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Londong Mining has started production of iron ore from its Marampa operation in Sierra Leone and the first shipment is on track to be completed by the end of this year.

Kumba workers reap big payout

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Kumba Iron Ore says that over 6,200 of its employees will reap a R576,045 payout in December as part of an "empowerment" plan aimed at non-managers.

ICT, Kumba decision due mid-December

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Mid-December should hear a judgement on the dispute over iron ore mineral rights between Imperial Crown Trading, Kumba Iron Ore and ArcelorMittal.

Amsa slips into Q3 loss

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ArcelorMittal SA has reported a third-quarter loss due to higher costs and lower steel prices, but says earnings in the following three months will improve

Steel decline drives iron ore to record slump

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Iron ore price declines earlier this week took September's losses to a record 30% with producers saying it could take months for Chinese demand to recover.

Zanaga ups Congo iron ore resource

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AIM-listed Zanaga Iron Ore Company announced a 7.5% increase in estimated resources for the Zanaga iron ore project in the Republic of Congo.

IFM meets key milestones

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International Ferro Metals is ticking all the boxes in its attempts to turn the corner on a difficult past, meeting key targets as its seeks to lower costs and increase capacity.

Move to iron ore shorter-pricing gains speed

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Rio Tinto says iron ore demand has remained robust despite market weakness, and says a fall in prices is accelerating a move to shorter-pricing methods.