Ferrous Metals

Good times return for Merafe

Merafe is back in the black as good times return for the ferrochrome sector, but the company faces major funding commitments to pay for planned expansions.

Kumba justifies claiming it all

Kumba Iron Ore has offered some detail to its arguments as to why it shouldn’t be compelled to supply iron ore to ArcelorMittal SA, or anybody else, at a discount.

AMSA to cut 400 jobs, widens business review

ArcelorMittal South Africa confirms plans to retrench jobs at its Vereeniging Works and plans to broaden its business review to Vanderbijlpark.

Merafe halves debt, lifts payout, but is rapped for excess stocks

SHARES in Merafe Resources, a Johannesburg-listed ferrochrome producer in joint venture with Glencore, edged up 2.7% following strong interim results in which it halved...

Anglo “won’t drop any balls” in Kumba divestment: Mbazima

NORMAN Mbazima, the outgoing CEO of Kumba Iron Ore, said Anglo American would not "drop any balls" ahead of either disposing or unbundling its...

Eskom reprises power buy-backs with Xstrata

The Xstrata-Merafe Chrome Venture has agreed to idle 25% of its production as Eskom seeks capacity to continue R35bn maintenance plan.

Kumba denies influencing licence application

Kumba Iron Ore has rejected claims by former deputy director-general of the mines department, Jacinto Rocha, that it attempted to influence the granting of a mining licence.

Bushveld Minerals hopes to prosper on beneficiation trail

THE best that can be said for the South African government’s beneficiation programme in the mining sector is that it’s been a stop-start process....

Kumba (again) takes a first step in West Africa

Kumba Iron Ore has clinched its first transaction in West Africa as part of the group’s renewed interest in the region, announcing a Liberian tie-up with Jonah Capital.

ArcelorMittal sees slow steel recovery

Demand for steel in the developed world will only return to pre-crisis levels in 2015, says ArcelorMittal chair Lakshmi Mittal.