Kumba’s Q3 output up 2%
Kumba Iron Ore has reported a 2% rise in third-quarter output and says it sees an increase in the volatility of iron ore prices in the short term.
Merafe Q3 output down
Merafe Resources has reported a 18% drop in third quarter production as weaker markets and scheduled maintenance see the company operating at just above half its capacity.
Rio Tinto approves $1.3bn for Simandou
Rio Tinto has approved an additional $1.3bn of funding for its Simandou iron ore project in Guinea, pressing ahead with plans that will see the first shipment of ore by mid-2015.
Transnet opens magnetite route
Transnet Freight Rail has opened a line to transport magnetite for export, after disruptions caused by damage to a bridge, says the company.
Amsa confirms ICT deal is dead
ArcelorMittal SA, the local arm of the world's largest steel maker, has confirmed it has canned its acquisition of Imperial Crown Trading for R800m.
Amsa plan to buy ICT still on – report
ArcelorMittal SA says it may still buy Imperial Crown Trading to regain a disputed iron ore supply deal, according to news daily Business Report.
Amsa pronounces R9.1bn BEE deal dead
ArcelorMittal SA (Amsa) declares the mooted R9.1bn empowerment deal with Imperial Crown Trading dead after the proposed partners fail to meet conditions.
Kalagadi on course for 2012 start
Kalagadi Manganese says it has reached significant milestones in the construction of its R7bn mine and sinter plant, remaining on track to start production in June 2012.
IFM loss widens on strong rand
International Ferro Metals has reported a wider full-year loss, hurt by lower ferrochrome sales volumes and a strengthening rand.
Base Resources’ Kenya titanium project funded
BASE Resources says it has secured funds for its Kenyan titanium project and expects to commence operations next month.