Ferrous Metals

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

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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...

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

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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...

Hopes high for Anglo dividend restart as Kumba pays out R5.1bn

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KUMBA Iron Ore, the Johannesburg-listed firm in which Anglo American has a 70% stake, is to pay a R5.1bn interim dividend following a 23%...

Kumba Iron Ore output hike adds esprit to Anglo numbers

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KUMBA Iron Ore and De Beers were among the stand-out performers for Anglo American in the group's half year ended June 30 production report...

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

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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...

Exxaro’s Mgojo hopes to convince Anglo to allow SIOC ‘flip-up’

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EXXARO Resources is to ask Anglo American whether it can exchange its shares in Sishen Iron Ore Company (SIOC) for a stake in Kumba...

Merafe storms back after whirlwind year for ferrochrome

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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...

South32 doubts Anglo will deal on Samancor after prices soar

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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...

Kumba passes dividend citing volatile market, Anglo review

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THE fluid nature of market conditions and uncertainty over the short-term future for Kumba Iron Ore were reflected in its surprise decision to pass...

Kumba de-risked as transfers Thabazimbi to ArcelorMittal SA

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KUMBA Iron Ore continued its rehabilitation, quite possibly in preparation for its demerger, announcing today its 76%-owned subsidiary, Sishen Iron Ore Company (SIOC), had...