Ferrous Metals

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

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’s Sishen on target for 27Mt in “mixed” Q3 for Anglo

KUMBA Iron Ore was the highlight of Anglo American's third quarter production figures with the 70%-owned listed subsidiary showing signs it could meet its...

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...

AMSA Saldanha Works viable, but company still on knife-edge

ARCELORMITTAL South Africa (AMSA) said its Saldanha steelworks was viable following a review of the operation, but added that the sustainability of the company...

SARS takes Kumba tax claim to R6.5bn after 2011 review

KUMBA Iron Ore (Kumba) said its potential tax liability may increase by at least another R1bn following a review of a subsidiary's 2011 tax...

PAMDC to appeal High Court’s prospecting right award to Aquila

PAN African Mineral Development Company (PAMDC) is to appeal a High Court decision which granted prospecting rights in the Northern Cape to Aquila Steel...

Iron ore outlook colours Kumba R6bn write-down

Kumba Iron Ore impaired its Sishen iron ore mine by R6bn - a decision partly informed by the significant impact of weaker iron ore prices this year.

Tharisa anticipates “exceptional” 2017 as lifts PGM, chrome output

CHROME and platinum group metal (PGM) producer Tharisa Minerals forecast a best ever performance in its current 2017 financial year after a strong production...

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

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

Pallinghurst studying exit options from manganese miner, Tshipi

PALLINGHURST Resources is considering exiting its investment in Tshipi é Ntle Manganese Mining (Tshipi), a manganese miner operating in South Africa's Northern Cape province....