Ferrous Metals

IDC argues Kalahari Manganese has run out of road as debt...

PLACING Kalagadi Manganese into business rescue was the only course of action open to shareholders, the Industrial Development Corporation (IDC) argued today, adding that...

Steinmetz hopes sting operation enough to reverse $2bn arbitration order

BENY Steinmetz, the billionaire businessman, was hopeful new evidence would show Vale knew the risk of developing the Simandou iron ore deposit in Guinea...

Kalagadi denies claims of imminent default, saying it is restructuring IDC...

KALAGADI Manganese denied it would default on loans to its creditor and 20% shareholder, the Industrial Development Corporation (IDC), according to a report by...

Bushveld Minerals’ Vanchem expansion study waiting on COVID-19 off-take impact

BUSHVELD Minerals was absorbing the potential market disruption caused by the COVID-19 pandemic before publishing the results of a bankable feasibility study into the...

ARM to restart iron ore exports as Transnet “reactivates” rail and...

AFRICAN Rainbow Minerals (ARM) will export iron ore at 40% of normal capacity which will be supplied from stockpiles during the Government-ordered 21-day lockdown...

Merafe ready to dip into debt as lockdown bites at time...

MERAFE Resources said it would draw on debt to fund itself if necessary during the lockdown period imposed by the South African government. Commenting in...

Pragmatic questions over value drove Assore to R7.8bn minority buy-out decision

ASSORE had investigated ways it might improve its trading liquidity before deciding the best option was to buy-out minority shareholders, said Kieran Daly, executive...

Assore unveils R7.8bn offer to minorities in bid to end 70...

ASSORE is to bring the curtain down on 70 years as a publicly listed company announcing today a R7.8bn buy-back of shares held by...

Anglo expansion of Minas Rio faces legal challenge from Minas Gerais...

STATE prosecutors in Brazil filed a lawsuit on March 3 requesting that Anglo American's licence to expand a mining dam be suspended, said Reuters. Citing...

Assore suspects impact of COVID-19 has potential to extend beyond March

THE impact of COVID-19 was to suppress economic activity such that it seemed the return from China's lunar new year festival on January 25...