Ferrous Metals

Hopes high for Anglo dividend restart as Kumba pays out R5.1bn

KUMBA Iron Ore, the Johannesburg-listed firm in which Anglo American has a 70% stake, is to pay a R5.1bn interim dividend following a 23%...

Kumba Iron Ore output hike adds esprit to Anglo numbers

KUMBA Iron Ore and De Beers were among the stand-out performers for Anglo American in the group's half year ended June 30 production report...

Pallinghurst to take 2017 returns to R1.5bn as Tshipi delivers

PALLINGHURST Resources will take the total payout to shareholders from its investment in manganese producer Tshipi é Ntle Manganese Mining (Tshipi) to about R1.5bn...

Exxaro’s Mgojo hopes to convince Anglo to allow SIOC ‘flip-up’

EXXARO Resources is to ask Anglo American whether it can exchange its shares in Sishen Iron Ore Company (SIOC) for a stake in Kumba...

Merafe storms back after whirlwind year for ferrochrome

MERAFE Resources paid a four cents per share final dividend and laid in to its net debt following a roller-coaster year for ferrochrome which...

South32 doubts Anglo will deal on Samancor after prices soar

THE likelihood of South32 buying Anglo American's 40% stake in the Samancor Joint Venture, a manganese ore and chrome facility in South Africa's Northern...

Kumba passes dividend citing volatile market, Anglo review

THE fluid nature of market conditions and uncertainty over the short-term future for Kumba Iron Ore were reflected in its surprise decision to pass...

Kumba de-risked as transfers Thabazimbi to ArcelorMittal SA

KUMBA Iron Ore continued its rehabilitation, quite possibly in preparation for its demerger, announcing today its 76%-owned subsidiary, Sishen Iron Ore Company (SIOC), had...

Kumba seals R2.5bn tax deal with SA Revenue Service

KUMBA Iron Ore completed another important stride in derisking its business agreeing to a R2.5bn tax dispute with the South African Revenue Service (SARS). The...

PAMDC to appeal High Court’s prospecting right award to Aquila

PAN African Mineral Development Company (PAMDC) is to appeal a High Court decision which granted prospecting rights in the Northern Cape to Aquila Steel...