Mbazima leaves Kumba to drive Anglo SA asset sale process
NORMAN Mbazima is to step down as CEO of Kumba Iron Ore in order to focus on the restructuring of the company as well...
Anglo would consider Kumba’s role in SA mining champion
ANGLO American would consider a proposal to use its 70% stake in Kumba Iron Ore as a founding asset to create "a different type...
Tharisa to list in UK in effort to boost share liquidity
THARISA is to list on the London Stock Exchange in an effort to boost trading in the share which has a free-float of 25%...
Bushveld Minerals hopes to prosper on beneficiation trail
THE best that can be said for the South African government’s beneficiation programme in the mining sector is that it’s been a stop-start process....
Market recovery alone will not save SA’s steel industry
THE steel market may have taken a turn for the better in the first three months of this year, but the extent to which...
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...
AMSA hikes steel price 11% as it haemorrhages R300m/month
ARCELORMITTAL South Africa (AMSA) announced steel price increases of up to 11% - more than double inflation - in an effort to keep its...
Kumba to oppose shock R5.5bn tax hit
Kumba Iron Ore would object to a R5.5bn assessed tax claim in a development that may hinder its unbundling or disposal by Anglo American.
Kumba spin-out is Anglo’s ‘base case’ option
Mark Cutifani, CEO of Anglo American, said the unbundling of its 69% stake in Kumba Iron Ore was the base case option the group was currently studying.
Kumba’s fate to be unveiled on Feb. 16
Norman Mbazima, Kumba CEO, referred queries about the future of the firm to Anglo American's Mark Cutifani who is due to unveil more restructuring next week.