Ferrous Metals

Cutifani bares teeth amid MPRDA ‘bitching’

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Critics of government-private sector engagement on proposed amendments to the mines legislation were cowards and had failed South Africa, said Anglo's Mark Cutifani.

Kumba bags Sishen expansion surface rights

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The South African government has granted surface rights to Kumba Iron Ore allowing it to press ahead with its Sishen Western Expansion Project.

Aquila raises fear DMR appeal facing delays

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Aquila Resources is concerned that efforts to have a mining permit granted over an important manganese deposit may be indefinitely delayed.

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.