Ferrous Metals

Kumba ruling may blunt Govt’s legal appetite

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The Constitutional Court's ruling on the Sishen Iron Ore Company debacle may make the South African government less likely to fight costly legal battles.

Equatorial to clinch $230m funding in 2014

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Equatorial Resources CEO, John Welborn, said equity investment or an offtake agreement were two options by which its iron ore project would be funded next year.

SA springs surprise reverse on Aquila claim

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South Africa's mineral resources department has surprised Australian firm Aquila Resources by offering to listen to its mining right claim rather than go to court.

Did Kumba best AMSA, or vice-versa?

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The agreement between Kumba Iron Ore and ArcelorMittal SA over iron ore pricing has been welcomed by shareholders, but which got the better deal?

IFM’s Jordaan says tide has turned

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Shares in International Ferro Metals have been beaten up over the last two years, but the firm believes it has the basis to support "a turnaround story".

AMSA books R1.8bn Thabazimbi write-down

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A condition of its iron ore pricing agreement with Kumba Iron Ore is that ArcelorMittal SA must write-down the carrying value of Thabazimbi by R1.8bn.

AMSA, Kumba end iron ore pricing feud

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ArcelorMittal SA and Kumba brought the curtain down on more than three years of feuding over iron ore prices agreeing a cost plus 20% deal.

Essar back on track in $750m New Zim deal

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Indian conglomerate may have found a way of breaking the stalemate in its proposed $750m investment in New Zim Steel from Zimbabwe's government.

Anglo’s Kumba to miss 40mt export forecast

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Although expected, the decline in export volumes will heap pressure on Kumba CEO, Norman Mbazima who knows Anglo hasn't the stomach for under-performance.

RoC assures Equatorial, Exxaro of ‘open access’

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The Republic of Congo said infrastructure would remain state-owned and be open access which is good news for juniors such as Equatorial Resources.