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.
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.