Ferrous Metals

Rio suspends executive as $10.5m Simandou payment surfaces

THE scandal and murky dealings that have characterised Guinea's Simandou iron ore project permeated into the affairs of Rio Tinto following an investigation into...

Tharisa to list in UK in effort to boost share liquidity

THARISA is to list on the London Stock Exchange in an effort to boost trading in the share which has a free-float of 25%...

Merafe tipped to thrive as SA chrome supply withers

MERAFE Resources shares firmed slightly to around 90 cents on the JSE today after the release of interim results showing the ferrochrome producer had...

Market recovery alone will not save SA’s steel industry

THE steel market may have taken a turn for the better in the first three months of this year, but the extent to which...

South32 doubts Anglo will deal on Samancor after prices soar

THE likelihood of South32 buying Anglo American's 40% stake in the Samancor Joint Venture, a manganese ore and chrome facility in South Africa's Northern...

Pallinghurst to take 2017 returns to R1.5bn as Tshipi delivers

PALLINGHURST Resources will take the total payout to shareholders from its investment in manganese producer Tshipi é Ntle Manganese Mining (Tshipi) to about R1.5bn...

Merafe storms back after whirlwind year for ferrochrome

MERAFE Resources paid a four cents per share final dividend and laid in to its net debt following a roller-coaster year for ferrochrome which...

Rio Tinto plans to sell 46.6% stake in Simandou to Chinalco

RIO Tinto is to sell its 46.6% stake in Guinea iron ore project, Simandou, to Chinalco for between $1.1bn and $1.3bn, the Anglo-Australian group...

ARM, Vale to sell JV shares in $400m Lubambe mine for...

JOHANNESBURG-listed African Rainbow Minerals (ARM) and Vale, the Brazilian state-owned company, are to sell their joint venture stake in Zambia's Lubambe Copper Mine to...

Kumba earnings lift to raise hopes for dividend reinstatement

HIGHER iron ore prices will ease Kumba Iron Ore to a full-year headline earnings increase of up to 132% year-on-year - a performance that...