Ferrous Metals

ArcelorMittal furnace out of action

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ArcelorMittal SA says a furnace at its Newcastle plant has failed and will be out of service for the next two months.

Kumba workers to get R2.3bn payout

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Some 5,000 Kumba Iron Ore employees are set to get up to R500,000 each in November when a broad-based empoyee share participation scheme matures.

Hawks target ICT powerbroker

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The power-broker behind the Imperial Crown Trading led consortium - that could turn a number of partners into multimillionaires - has reason to sweat.

Ban chrome ore exports, says Merafe

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Merafe CEO Stuart Elliot wants levys and volume curbs placed on the exports of chrome ore which he says are benefitting China and harming South Africa.

African Minerals, Shandong sign $1.5bn deal

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African Minerals has finally signed an agreement with Shandong Iron & Steel that will see the Chinese group invest $1.5bn in African Minerals' flagship iron ore project in Sierra Leone.

Amsa still assessing new iron ore project

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ArcelorMittal SA is close to completing its due dilgence study on a potential new iron ore mine in the Northern Cape.

Merafe’s ferrochrome ouput lower

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Merafe Resources, the country's largest ferrochrome producer, says first-half production has fallen 4% to 150,000 tonnes due to furnace refurbishments.

Investors score as Kumba ups dividend

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Kumba Iron Ore has declared a record interim dividend as higher export iron ore prices more than made up for weather-related production losses.

Kumba eyes West Africa for growth

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Kumba Iron Ore says it will again look at West Africa for expansion, aiming to source up to 20 million tonnes of ore from the region by 2020.

Merafe expects sharp drop in earnings

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Ferrochrome producer Merafe Resources expects sharply lower earnings for the six months to June and is cutting back production because of current weaker market conditions.