Ferrous Metals

Guinea delivers 14-day ultimatum to Simandou iron ore partners

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THE pressure is on the partners given the greenlight to develop the Simandou iron ore mine in Guinea, according to a report by Bloomberg...

Bushveld signs five year wage agreement with AMCU for Vametco employees

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BUSHVELD Minerals said it had signed a five-year wage agreement with the Association of Mineworkers & Construction Union (AMCU) for employees at its Vametco...

Guinea signs framework agreement for Simandou iron ore production from 2025

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GUINEA'S ruling junta had agreed a framework agreement with its mining partners for the development of the West African country's four billion ton Simandou...

South32 weighs $50m upgrade of SA manganese export facilities in Northern...

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SOUTH32 was investigating ways to improve the efficiency of its manganese supply chain in South Africa which could lead to an increase in production. Speaking to...

South32 withdraws from Metalloys sale after buyer fails to meet “commercial...

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SOUTH32 will not complete the sale of its Metalloys manganese alloy smelter in South Africa after the buyer Satka Investments "failed to satisfy certain commercial...

Little Merafe builds nearly R1bn in cash following storming year for...

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MERAFE Resources, a ferrochrome producer in joint venture with Glencore, increased cash to nearly R1bn at the close of its 2021 financial year. The company,...

Kumba pays out 100% of headline earnings amid rollercoaster iron ore...

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KUMBA Iron Ore today announced a R30.50 per share final dividend taking the total dividend for its 2021 financial year to R103.20/share representing 100%...

China seeks to tame iron ore price rally with centralised buying...

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CHINA wants to establish a centralised platform for buying iron ore from foreign suppliers in an effort to contain the runaway price of the...

Kumba overcomes port distress to register solid iron ore sales but...

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KUMBA Iron Ore will report a significant uplift in full year basic earnings of as much as 52% but the performance is despite difficulties...

Bushveld has “turned the corner” as Mojapelo concedes vanadium guidance “conservative”

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BUSHVELD Minerals CEO Fortune Mojapelo said the vanadium producer had "turned the corner" after a difficult 18 to 24 months of undershooting production promises. "We...