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.
AMSA may reprice steel as rand strengthens
ArcelorMittal SA said it would consider lowering prices of its flat products as the rand had gained 7% against the dollar since mid-February.
Aquila bid may cast SA projects in new light
A A$1.42bn bid for Aquila Resources by Boasteel Resources and Aurizon may have far-reaching consequences for the $480m Avontuur manganese project.
Equatorial to pare back $231m capital outlay
Leasing rolling stock and processing equipment would enable Equatorial Resources to cut its capital budget for its Mayoko-Moussandji iron ore project.
Rising freight cost to price out chrome exports
Merafe Resources CEO, Zanele Matlala, said government intervention in chrome exports had fallen by the wayside but economics would rule out the activity.
Elections may frustrate Aquila May hearing
National elections in South Africa on May 7 may result in personnel changes that delays a hearing into why Aquila Resources has not received a mining permit.
SA continues to slide in ferrochrome stakes
South Africa's share of the world ferrochrome market deteriorated another 2% in 2013 despite efforts to have the government intervene in cheap chrome exports.
Petmin seeks NAIC float, unbundling
Mid-tier mining firm, Petmin, says it will float its pig iron development firm as it focuses on its cash-generating coal assets.