Rio’s Stausholm estimates $6.2bn spend on Simandou iron ore
RIO Tinto expected to spend $6.2bn developing Guinea's Simandou iron ore deposit with initial production pencilled in for 2025.
Speaking to Bloomberg News, Rio Tinto...
South32 to impair Samancor JV with Anglo
The BHP Billiton spinoff suffered its first bad news since listing saying market forces would force it to write-down its loss-making Metalloys operation.
Kumba pays out 100% of record earnings but says runaway iron...
KUMBA Iron Ore announced an R72.70 interim dividend representing 100% of record earnings on the back of exceptional iron ore prices and despite logistical...
Rio to restructure Simandou for Chinese infrastructure
RIO Tinto said it would restructure the Simandou iron ore project in Guinea to "... facilitate access to infrastructure funding from China".
The Anglo-Australian group's...
SA aids AMSA by extending import duties
ArcelorMittal South Africa had "a reasonable prospect" profitability as a key requirement for its recovery - steel import duties - were extended by the Govt.
Tharisa anticipates “exceptional” 2017 as lifts PGM, chrome output
CHROME and platinum group metal (PGM) producer Tharisa Minerals forecast a best ever performance in its current 2017 financial year after a strong production...
Market recovery alone will not save SA’s steel industry
THE steel market may have taken a turn for the better in the first three months of this year, but the extent to which...
Anglo American to suffer up to $400m earnings hit at Minas...
Anglo American will take a hit of between $300m and $400m to its expected earnings before interest, tax depreciation and amortisation (EBITDA) for its...
Bushveld scales fresh heights amid World Bank support for battery storage...
SHARES in UK-listed Bushveld Minerals scaled fresh heights today following the publication of its first full set of financial numbers since it took a...
Rio sounds death knell for annual iron ore pricing
Rio Tinto says it is dumping the annual iron ore pricing in favour of quarterly pricing. It is the last of the top three to do so.