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.
Sundance Hanlong bid boosted by permit
The A$1.14bn bid for Australian firm Sundance Resources was given a timely boost after authorities in the Republic of Congo granted a mining permit.
Kumba, Amsa agreed one-year iron ore price
Kumba Iron Ore will supply ArcelorMittal South Africa with 4.8 million tonnes of iron ore at a weighted average price of $65/t, the companies said yesterday.
Eskom reprises power buy-backs with Xstrata
The Xstrata-Merafe Chrome Venture has agreed to idle 25% of its production as Eskom seeks capacity to continue R35bn maintenance plan.
Govt nears deal on foreign-backed steel venture
South Africa's government said new steel capacity promising developmental pricing was imminent, and potentially backed by international investors.
SA endorses iron ore, steel export levy report
South Africa's cabinet endorsed a report supporting the notion of export levies on iron ore and steel in an effort to ensure development pricing.
IDC denies it has plans to unseat Amsa
The Industrial Development Corporation defends its decision to buy Scaw Metals as a defensive strategy aimed at fuelling beneficiation and creating employment.
IDC uncertain of role in Kalagadi Manganese
Government's Industrial Development Corporation also said it may waive its rights to participate further in Kalagadi Manganese if that was in its interests.