SA’s steel strategy fails to add up
What's the point of keeping more iron in the country when there's not enough demand for it, asks an analyst who added the steel beneficiation strategy didn't add up?
Evraz to sell SA unit for $320m
Russian steelmaker Evraz is to sell its South African unit in the country's largest empowerment deal following R1bn in strike-fuelled losses last year.
Path cleared for Amsa, Kumba to resume talks
ArcelorMittal SA and Kumba Iron Ore may not begin arbitration or even resume negotiations as an appeal over the right to mine Sishen is rejected by the court.
Merafe expects ferrochrome prices to rise
Merafe Resources said ferrochrome prices would rise in the current financial year owing to supply cuts.
Kumba ‘second footprint’ lends option to SA
Norman Mbazima, Kumba Iron Ore CEO, believes government is realistic, but its plans for domestic iron ore pricing makes the firm's Africa footprint a useful option.
Kumba marks out cost battle for 2013
The 2013 financial year will be one of cost containment at Kumba Iron Ore which said that an increase in waste mining will be a major challenge.
Amsa sheds 6.7% after Vanderbijlpark fire
Shares in ArcelorMittal SA fell after the company said it had shut its Vanderbijlpark Works following a fire that caused "extensive damage" on February 9.
Anglo in $4bn Minas Rio write-down
Anglo American has written down its Minas Rio iron ore project by $4bn and said capital expenditure will increase to $8.8bn as it chases a 2014 production deadline.
IDC sounds note of caution on steel mill plans
Plans by government to build a steel mill in South Africa must be implemented with a view to avoiding "unintended consequences", according to the IDC.
Anglo sells 70% stake in Brazil’s Amapá
Anglo American has sold its non-core Amapa iron ore mine in Brazil to Zamin Ferrous
for an undisclosed fee, the group said.