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Kumba to oppose shock R5.5bn tax hit

Kumba Iron Ore would object to a R5.5bn assessed tax claim in a development that may hinder its unbundling or disposal by Anglo American.

South32 shutters SA manganese pending review

South32 said it would keep its manganese mines in South Africa's Northern Cape closed following a fatality this month until it had completed a strategic review.

Rio to restructure Simandou for Chinese infrastructure

RIO Tinto said it would restructure the Simandou iron ore project in Guinea to "... facilitate access to infrastructure funding from China". The Anglo-Australian group's...

Assmang hooks ferroalloys smelter

Assmang, a joint venture between ARM and Assore, is to bring the curtain down on its last ferroalloy smelter in Machadodorp following a strategic review.

AMSA hikes steel price 11% as it haemorrhages R300m/month

ARCELORMITTAL South Africa (AMSA) announced steel price increases of up to 11% - more than double inflation - in an effort to keep its...

SIOC awarded 100% of Sishen rights, conditions to cost R100m

A SEVEN year odyssey of litigation and acrimony regarding the mineral rights of the Sishen Iron Ore mine was brought to a close today...

SA aids AMSA by extending import duties

ArcelorMittal South Africa had "a reasonable prospect" profitability as a key requirement for its recovery - steel import duties - were extended by the Govt.

Kumba de-risked as transfers Thabazimbi to ArcelorMittal SA

KUMBA Iron Ore continued its rehabilitation, quite possibly in preparation for its demerger, announcing today its 76%-owned subsidiary, Sishen Iron Ore Company (SIOC), had...

Mbazima leaves Kumba to drive Anglo SA asset sale process

NORMAN Mbazima is to step down as CEO of Kumba Iron Ore in order to focus on the restructuring of the company as well...

Kumba studies ‘step-out’ growth plan as iron ore market shifts

ANGLO American listed subsidiary Kumba Iron Ore set down plans for a more outward looking "step-out" strategy partly aimed at replacing diminishing reserves at...