Consortium edges out Fortesque Metals with $14bn bid for Guinea’s Simandou
AUSTRALIA'S Fortesque Metals Group confirmed it had been edged out of the Simandou iron ore project in Guinea after the west African country's government...
Petmin profit flat, doubles Somkhele capacity
Petmin has posted an interim net profit of R47m to end-December 2011, following a period of significant capital investment in its flagship Somkhele mine.
Evraz to sell SA unit for $320m
Russian steelmaker Evraz is to sell its South African unit in the country's largest empowerment deal following R1bn in strike-fuelled losses last year.
Strike forces Kumba’s Sishen to standstill
Production has been halted at Kumba Iron Ore’s Sishen mine while clients would
continue to be supplied from stockpiles at the mine and Saldanha Bay, it said.
Mittal calls for rethink on ore pricing
The mining industry has to consider allowing steelmakers to buy part of their iron ore needs using annual pricing contracts, says ArcelorMittal.
Iron ore dispute gains momentum
Legal teams representing Kumba Iron Ore, ArcelorMittal SA and Imperial Crown Trading are to meet as the parties settle down to an expected war of attrition.
Exxaro targets manganese deals in South Africa
EXXARO Resources has targeted a deal in South Africa's manganese industry, according to a report on Friday by Bloomberg News.
"We believe that the manganese...
Indian steel firm seeks SA base – report
India’s second-largest producer of steel is considering building a plant in SA if government agrees to grant iron ore and coking coal mining permits, reports Bloomberg.
Equatorial Resources bows to Exxaro offer
Equatorial Resources accepted an offer by Exxaro Resources for its 20% stake in
African Iron taking the South African firm's stake in the iron ore exploration firm to
86%.
Kumba cuts iron ore exports owing to low levels of finished...
KUMBA Iron Ore took the hatchet to its export guidance for 2022 owing to disruptions at Transnet-managed Saldanha port in South Africa's Western Cape.
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