Amsa reports sharp profit drop
ArcelorMittal South Africa has reported a sharp drop in first-quarter profit, but says it expects improvement in the next three months.
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.
ArcelorMittal seeks “holistic solution”
ArcelorMittal CEO Nonkululeko Nyembezi-Heita says the acquisition of ICT is part of a strategy to improve the steel group's chances of coming out on top in the fight with Kumba Iron Ore.
Essar resuscitates 500ktpy Zim steel plant
India's Essar Group said it would restart plans to breathe new life into Zisco, the state-owned Zimbabwe steel producer, and build a 600MW power plant.
Govt nears deal on foreign-backed steel venture
South Africa's government said new steel capacity promising developmental pricing was imminent, and potentially backed by international investors.
Tharisa anticipates “exceptional” 2017 as lifts PGM, chrome output
CHROME and platinum group metal (PGM) producer Tharisa Minerals forecast a best ever performance in its current 2017 financial year after a strong production...
Kumba eyes West Africa for growth
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.
Kumba’s Kolomela ships first ore
Anglo American has exported the first shipment from the $1bn Kolomela iron ore mine, one of its key growth projects.
Exports boost Kumba earnings
Kumba Iron Ore says it expects a rise in first-half earnings, lifted by higher iron ore export prices.
Exxaro bids A$300m for African Iron: report
Exxaro Resources has renewed its bid to take direct operating control over an iron ore mine, reportedly bidding R2.4bn for Australia's African Iron.