Rio Tinto to invest in driverless iron ore trains
Rio Tinto is investing $518m in driverless trains for its 1,500km Western Australian iron-ore rail network as the world no. 2 iron ore miner aims to boost output 60% by 2015.
IFM ponders Eskom buy-back offer
International Ferro Metals may soon join SA’s other ferro alloy producers by shutting
down furnaces in an allocation buy-back agreement with Eskom.
Anglo, Kumba join West Africa iron ore rush
Anglo American and Kumba Iron Ore have joined forces to eke out possible iron ore
opportunities in Africa, especially the in-vogue West Africa region.
Merafe/Xstrata in power deal with Eskom
The chrome venture between Xstrata and Merafe Resources will temporarily shut down five ferrochrome furnances to assist Eskom with power supply constraints.
Exxaro clinches African Iron, extends offer
Exxaro Resources may have to live with significant minority shareholder
Equatorial Resources, which would appear not to have supported the African Iron
offer as yet.
Assore wary of turbulent markets
Iron, manganese and chrome ore miner Assore has reported an increase in interim earnings of 48.5% to R2.1bn, on the back of improved sales volumes and increased commissions.
Merafe joins Eskom power down hit list
Merafe in discussions to idle ferrochrome furnaces as fears Eskom would impose a
fresh round of load-shedding on South Africa’s mining industry start to materialise.
Xstrata shuts furnaces to aid Eskom
Xstrata has switched off two chrome furnaces at its Rustenburg plant to help power utility Eskom save power, but says that supplies to customers will not be affected.
Kumba FY earnings up on higher iron ore prices
Kumba Iron Ore has reported a rise in full-year profit, boosted by higher iron ore prices and says it expects export volumes to rise in the current financial year.
ANC paper punts bigger state stake in Kumba
A draft summary of the ANC discussion document on mining suggests a bigger share
for government in Kumba Iron Ore to facilitate a reduction in local steel prices.