Kumba cuts dividend as cash to debt vexes
Kumba unveils capital cuts while raising the alarm on EBITDA to debt cover amid a deteriorating outlook for iron ore prices.
Kumba to shut Thabazimbi, retrench 1,060
Kumba Iron Ore is to shut its Thabazimbi mine in South Africa's Limpopo province taking numbers retrenched to more than 1,300 people.
South32 to impair Samancor JV with Anglo
The BHP Billiton spinoff suffered its first bad news since listing saying market forces would force it to write-down its loss-making Metalloys operation.
Anglo targets cash over expanding Minas Rio
Anglo American is to drive cash from its Minas Rio iron ore mine rather than occupy itself with expanding an already heavily over-supplied market.
Evraz Highveld slides into business rescue
Attempts to stage an operational turnaround at the steelmaker fail as it announces it has run out of funds and will go into voluntary business rescue.
RoC, Exxaro to return Mayoko to drawing board
Exxaro said it and the Republic of Congo would be realistic about building Mayoko as iron ore is trading $20/t below the level at which the project was benchmarked.
Assmang hooks ferroalloys smelter
Assmang, a joint venture between ARM and Assore, is to bring the curtain down on its last ferroalloy smelter in Machadodorp following a strategic review.
Merafe keeps payout momentum with 20c div
However, the ferrochrome producer acknowledged it was more vulnerable than most in terms of Eskom power interruptions.
Sable Mining clinches Liberia rail deal
UK-listed Sable Mining has signed a rail use agreement with Liberia allowing it to transport iron ore from its project in Guinea to a port in the west African country.
Equatorial seeks $181m as iron ore stalls
Equatorial Resources has cut capex on its RoC project a fifth with much resting on a mining convention ahead of the tough task of financing the venture.