Ferrous Metals

Tharisa to accelerate underground mining plan following review

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THARISA is to start underground mining at its North West province chrome and platinum group metal (PGM) mine earlier than planned in order to...

Bushveld to cut 40% of head office staff as global markets...

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BUSHVELD Minerals had cut jobs at its head office impacting about 40% of total employees as it sought to turn the company's fortunes around. In...

Kumba halts production growth plans as TFR woes take toll

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KUMBA Iron ore has shelved plans to increase production saying that following a business review this year output will be flat from 2024 to...

Rio’s Stausholm estimates $6.2bn spend on Simandou iron ore

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RIO Tinto expected to spend $6.2bn developing Guinea's Simandou iron ore deposit with initial production pencilled in for 2025. Speaking to Bloomberg News, Rio Tinto...

Bushveld survival plans boosted after refinancing $46.9m in debt

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ORION Mine Finance has agreed to refinance and extend $46.9m in debt with Bushveld Minerals paving the way for the recapitalisation of the vanadium...

Anglo discusses job cuts at Amplats, Kumba Iron Ore

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ANGLO American acknowledged it was under pressure following sustained weakening in platinum group metal prices (PGMs) and a decline in the performance of South...

Bushveld starts trimming business with plan to sell CellCube

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BUSHVELD Energy said today it intended to sell its 25.25% stake inĀ CellCube, an energy storage battery manufacturer. The divestment is part of plans to simplify...

Bushveld CEO warns maintenance days will rise as he seeks reliability

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BUSHVELD Minerals CEO Craig Coltman warned the company would put more focus into maintenance than usual in the first six months of 2024 in...

Glencore’s cuts ferrochrome guidance after limiting Eskom pain

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GLENCOREĀ maintained its overall 2023 guidance for copper, zinc, coal and cobalt output but cut its outlook on nickel production due to maintenance and strikes,...

Kumba Iron Ore sales fall 12% in Q3 amid port breakdowns

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IRON ore sales in the third quarter fell 12% year-on-year to 8.9 million tons (Mt), said Kumba Iron Ore, the Anglo American-owned company. This was...