South32 doubts Anglo will deal on Samancor after prices soar
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
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
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...
Kumba seals R2.5bn tax deal with SA Revenue Service
KUMBA Iron Ore completed another important stride in derisking its business agreeing to a R2.5bn tax dispute with the South African Revenue Service (SARS).
The...
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...
Kumba earnings lift to raise hopes for dividend reinstatement
HIGHER iron ore prices will ease Kumba Iron Ore to a full-year headline earnings increase of up to 132% year-on-year - a performance that...
Steel markets too volatile for IDC’s $5bn homegrown steel mill
THE Industrial Development Corporation's (IDC's) plan for a homegrown steel mill has been put on the backburner with the state-owned company saying its feasibility...
Pallinghurst weighs maiden dividend as manganese prices soar
SHAREHOLDERS in Pallinghurst Resources may kick off 2017 on a high after the Johannesburg-listed company raised the prospect of paying a maiden dividend owing...
Rio suspends executive as $10.5m Simandou payment surfaces
THE scandal and murky dealings that have characterised Guinea's Simandou iron ore project permeated into the affairs of Rio Tinto following an investigation into...
SA to produce 1mt more manganese ore as price leaps
SOUTH African production of manganese ore was about one million tonnes (mt) higher this year after Australia cut supplies amid a sharp decrease in...