Bushveld cuts debt, finances expansion in $22.2m capital raise
BUSHVELD Minerals raised $22.2m in a rights issue and said the proceeds would go towards the repayment of debt and the expansion of its...
Kumba’s Q3 output up 2%
Kumba Iron Ore has reported a 2% rise in third-quarter output and says it sees an increase in the volatility of iron ore prices in the short term.
Rio Tinto to invest in driverless iron ore trains
Rio Tinto is investing $518m in driverless trains for its 1,500km Western Australian iron-ore rail network as the world no. 2 iron ore miner aims to boost output 60% by 2015.
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.
Kumba expects sub-$100/t iron ore price for rest of 2022 after...
KUMBA Iron Ore took it on the chin both financially and operationally in the six months to end-June as production dropped from both its...
Kumba approves R3.6bn life extension project pushing Sishen production out to...
KUMBA Iron Ore today said it had approved the R3.6bn extension of its flagship Sishen mine in South Africa's Northern Cape province.
The company, which...
Majali absent as Kalahari case starts
Sandi Majali was allegedly 'out of the country' as a court convened to hear allegations and defence that he illegally removed Kalahari Resources directors.
Govt may rule in vexed iron ore dispute
A temporary peace has been called between ArcelorMittal and Kumba Iron Ore but government has a key role to play as it's concerned at how steel prices could be affected.
China OKs individual iron ore deals as talks stalemate
China's steel industry body will allow mills to sign individual supply deals with global miners, as it seemed to abandon efforts to preserve annual pricing that for months had appeared doomed.
Merafe shuts more furnaces over power
Merafe and Xstrata’s chrome venture will temporarily shut down another two of
its 20 furnaces in an extension of its power buy-back deal with Eskom.