Thursday, June 21, 2018

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

South-African based pure iron ore company Kumba Iron Ore says it expects to increase output to 70 million metric tons by 2019, from 39.4 million in 2009.

Kumba Iron Ore has made it a priority to prevent Imperial Crown Trading 289 getting its hands on a stake in the Sishen Iron Ore mine.

Union declares a dispute at Xstrata Alloys

The Korea Iron & Steel Association said it has joined European and Chinese steel bodies to oppose recent raw material price increases.

Rio Tinto says it is dumping the annual iron ore pricing in favour of quarterly pricing. It is the last of the top three to do so.

Metmar Africa, in which JSE-listed Metmar Limited, has acquired a 40% stake in Zimbabwe Alloys Chrome for $51.3m.