Ferrous Metals

South32 shutters SA manganese pending review

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South32 said it would keep its manganese mines in South Africa's Northern Cape closed following a fatality this month until it had completed a strategic review.

IDC resolute on $5bn steel mill for South Africa

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Geoffrey Qhena, CEO of the Industrial Development Corporation, said the bank would press ahead with a $5bn steel mill lest the country be caught napping.

DMR haggling prolongs Kumba, SIOC saga

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The South African government has imposed conditions before it will bring the Kumba, Sishen Iron Ore imbroglio to an end.

Kumba unlikely to reinstate dividend

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Kumba Iron Ore was unlikely to pay dividends with cash flow generation a major struggle throughout 2016, said Goldman Sachs.

Aquila seeks ‘judicial review’ after appeal fails

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After 20 months, mines minister Ngoako Ramalthodi rejects Aquila Steel's appeal over manganese mining rights - a development that will take both to court.

AMSA to cut 400 jobs, widens business review

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ArcelorMittal South Africa confirms plans to retrench jobs at its Vereeniging Works and plans to broaden its business review to Vanderbijlpark.

International Ferro Metals goes into business rescue

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Ferrochrome producer International Ferro Metals SA has gone into business rescue and there will be repercussions for Pan African Resources

AMSA, Govt link ‘dysfunctional’: O’Flaherty

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Paul O'Flaherty spent much of his early time as ArcelorMittal SA's CEO improving relations with government which he described as 'dysfunctional'.

AMSA to ask Kumba to lower iron ore price

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ArcelorMittal South Africa said it wanted to get Kumba at the negotiating table to discuss a lower price for the 6.5 million tonnes it buys in iron ore.

Amsa may cut output as market hits skids

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ArcelorMittal South Africa was seeking to optimisation production between its steel plants but the closure of part of Vereeniging Works was being considered.