Iron ore extends rally amid Chinese optimism
IRON ore has sustained its upward trajectory for a sixth consecutive session, approaching its strongest finish in more than half a year as traders...
Glencore-Merafe may cut thousands of jobs at idled ferrochrome facilities
THOUSANDS of jobs will be affected in terms of a restructuring announced by the Glencore-Merafe Joint Venture, South Africa's largest ferrochrome producer.
Merafe Resources said...
Exxaro looks to higher dividend payments after manganese deal
EXXARO Resources held up well in the six months to end-June increasing headline earnings 13% and raising its interim dividend as management focussed on...
SA’s stricken ferrochrome industry “fairly close” to power deal
MERAFE Resources is nearing an agreement with the South African government on electricity supply tariffs aimed at saving up to 2.3 million tons a...
Kumba recoups R942m in take-or-pay penalties from Transnet
KUMBA Iron ore said on Tuesday it had received R942m in 'take-or-pay' penalties following "lengthy" negotiations with Transnet regarding the under-delivery of contracted iron...
Kumba hails “stabilisation” of Transnet logistics chain
KUMBA Iron Ore CEO Mpumi Zikalala on Tuesday said there were signs of a "stabilisation" in the performance of Transnet Freight Rail (TFR), the...
South32 shares surge on manganese recovery
SHARES in South32 climbed nearly three per cent on Monday after reporting stronger-than-expected manganese production in the fourth quarter, driven by resumed exports from...
ARM closes Cato Ridge, sells out of Sakura Ferroalloys
PATRICE Motsepe’s sprawling mining conglomerate, African Rainbow Minerals (ARM), has restructured manganese processing activities held through Assmang, with the closure of the Cato Ridge...
Kumba CFO to step down in December
KUMBA Iron Ore said its CFO of eight years Bothwell Mazarura is to step down from end-December after serving a six month notice period.
He...
Thungela CEO says firm favours metallurgical coal deals
THUNGELA Resources would consider adding metallurgical coal assets to its portfolio as there was a "natural adjacency" to its thermal coal production, said CEO...