Worst rain in decades dampens Kumba Iron Ore earnings
RAIN and a stronger rand weighed on Kumba Iron Ore in the six months ended June, the Johannesburg-listed miner said in a trading update...
Simandou iron ore exports surge in ramp-up milestone
IRON ore exports from the Simandou mine in Guinea surged in May hitting 2.2 million tons, sharply above April's record of 1.3Mt, reports Bloomberg...
Nersa tariff saves jobs at Glencore ferrochrome smelters
AFTER months of uncertainty, the threat of job losses has been lifted from employees at the ferrochrome smelters of Glencore Merafe Chrome Venture.
This was...
Iron ore heads for first monthly loss since February
IRON ore is on course for its first monthly decline since February as a brief rally sparked by a fatal coking coal mine explosion...
Mantengu announces reverse takeover by UAE energy firm
MANTENGU Mining effectively brought the curtain down on five years of breathlessly controversial activity on the JSE announcing today its takeover by Averi, a...
Merafe’s Eskom deal: Government needs it more
THE Glencore-Merafe Chrome Venture’s proposed 62c per kWh electricity tariff deal with Eskom, far below the standard tariff of around 234c per kWh, could...
Strike halts mining at Guinea’s Simandou project
A PAY dispute has halted mining operations at the Baowu-led blocks of Guinea's giant Simandou iron ore project since last week, said Reuters on...
Exxaro Resources is breaking from its iron shackles
THERE has always been a tight correlation between the share prices of Exxaro and Kumba Iron Ore. That's because Exxaro's 20% stake in Kumba...
China lifts iron ore ban on BHP cargoes
CHINA has lifted its ban on purchases of BHP iron ore, ending a dispute that had restricted steel mills from buying seaborne cargoes from...
Ferrochrome: Eskom opts for less revenue than none at all
ESKOM has opted for less revenue from South Africa's ferrochrome producers rather than no revenue at all. For a company that now generates more...