AMSA books R1.8bn Thabazimbi write-down
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
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
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
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’
The Republic of Congo said infrastructure would remain state-owned and be open access which is good news for juniors such as Equatorial Resources.
Kumba may restate reserves as waits on DMR
Kumba Iron Ore says it expected to receive its mining right but perhaps not before the year-end which could involve a restatement of reserves at Sishen.
Sable to keep M&A option over Nimba
Sable Mining will finance its $250m Nimba iron ore mine in such a way as to leave the door open to a merger with Anglo, GlencoreXstrata or Mittal as possible suitors.
Kumba, AMSA resume iron ore supply talks
Love is in the air for Kumba Iron Ore and ArcelorMittal SA who have, for the moment, put aside arbitration in favour of face-to-face iron ore supply talks.
Merafe sticking by guns on dividend
Merafe Resources says sceptics who doubt its ability to become a yield company under-estimate its cash flow generating abilities.
Australians Aquila may take Govt. to court
Aquila Resources has asked mines minister, Susan Shabangu, to grant it a mining right over a manganese deposit or it will consider legal action.