ARM iron ore to post lower profits in future
African Rainbow Minerals said the iron ore division would return lower profits than usual but added that downward pressure on the price would be relieved.
Glencore will honour Zanaga obligation
Glencore gave little away regarding its long-term plans for its investment in the Zanaga Iron Ore Project saying it was bound to a legal obligation.
Merafe ices diversification plans
Merafe Resources paid its first dividend in four years on the back of record ferrochrome output, but said it had abandoned its diversification strategy.
Exxaro books R400m increase in write-down
Exxaro Resources has been plunged into its worst ever financial performance owing to a R5.8bn write-down of its Mayoko iron ore project, R400m worse than first forecast.
Kumba expects Q4 iron ore revival
Kumba Iron Ore, the Anglo American subsidiary, said the fourth quarter iron ore price would be supported by China to which it sells 66% of its exports.
Equatorial distances itself from Exxaro
Equatorial Resources sought to put clear blue water between its iron ore project in the Republic of Congo and the venture Exxaro may write down for R5.3bn.
Exxaro facing hefty write-down on Mayoko
Ambitions to diversify into iron ore production have been dealt a hefty blow after failure to sign a port and infrastructure deal with the Republic of Congo government.
Petmin to pay special dividend on NAIC exit
Petmin is to unbundle shares worth 50c per unit in terms of earlier laid plans to extract itself from a 40% stake in pig iron prospect North Atlantic Iron Corp.
Kalagadi’s Mashile-Nkosi lays into IDC
Kalagadi Manganese chairperson, Daphne Mashile-Nkosi, has accused the IDC of behaving "like a loan shark" after R1bn in loan debt almost doubled after interest.
Essar resuscitates 500ktpy Zim steel plant
India's Essar Group said it would restart plans to breathe new life into Zisco, the state-owned Zimbabwe steel producer, and build a 600MW power plant.