Ferrous Metals

Chinese pour money into Guinea iron venture

AIM-traded Bellzone strikes a deal with China International Fund to build a $2.7bn railway that opens up a giant iron ore deposit in Guinea and potentially brings forward the production date.

Kumba arbitration could take two years

It could take between one and two years for arbitration proceedings over the disputed iron ore contract between Kumba Iron Ore and ArcelorMittal to reach a decision.

SA to produce 1mt more manganese ore as price leaps

SOUTH African production of manganese ore was about one million tonnes (mt) higher this year after Australia cut supplies amid a sharp decrease in...

Merafe, Xstrata to build R1bn chrome plant

The Xstrata/Merafe chrome joint venture will invest about R1bn in a new chrome pelletising plant to be built at the group's Rustenburg ferrochrome smelter.

Mboweni buys stake in iron ore junior

Former Reserve Bank Governor Tito Mboweni and his brother, Alto, will buy up to 20% of iron ore junior Ferrox Holdings in a $32m deal.

Sable Mining clinches Liberia rail deal

UK-listed Sable Mining has signed a rail use agreement with Liberia allowing it to transport iron ore from its project in Guinea to a port in the west African country.

Anglo American sells $15bn of iron ore from Minas Rio to...

ANGLO American signed a $15bn iron ore supply agreement with Bahrain Steel for its Minas Rio iron ore mine in Brazil, said BusinessLive. The 20-year...

China steel sector ripe for consolidation

China's steel industry is ripe for consolidation in coming years, but the process elsewhere has largely run its course, says the head of ArcelorMittal , the world's largest steelmaker.

Petmin to pay special dividend on NAIC exit

Petmin is to unbundle shares worth 50c per unit in terms of earlier laid plans to extract itself from a 40% stake in pig iron prospect North Atlantic Iron Corp.

Kumba drags Amsa into court battle

Kumba Iron Ore has added ArcelorMittal SA as a respondent in its high court bid for the reversal of the 21.4% prospecting right over Sishen mine awarded to ICT.