Rio Tinto earmarks $3.4bn for iron ore boost
Rio Tinto has announced a $3.4bn expansion of iron ore mining in Australia, where it has mapped out a plan to lift capacity by more than 50%.
Amsa reports FY loss, but sees better Q1
ArcelorMittal has reported a full-year headline loss, hit by higher raw material costs and weaker sales, but says it expects a better first quarter.
BHP Billiton mum on Gabon iron ore
BHP Billiton has declined to comment on a statement from the government of Gabon
that it had reached an agreement for the miner to develop a 1 billion tonne iron ore
resource in that country.
Merafe’s 2011 ferrochrome production declines
Merafe Resources' attributable production of ferrochrome declined to 263,000 tonnes in the year ended December 2011 from 300,000 tonnes the previous year.
Kolomela aids Kumba’s Q4 production
Kumba Iron Ore has reported a production increase of 4%, aided by the first contribution of the newly commissioned Kolomela mine.
Rand shields Merafe from ferrochrome woes
The weaker rand is giving Merafe Resources some respite from the distressed
ferrochrome market, analysts say, while the company has also secured debt to
finance the Lion expansion project.
IFM recovery exceeds expectations
Ferrochrome producer International Ferro Metals has taken another step towards
restoring investors’ faith, meeting key cost and production milestones as it seeks to
regain former highs.
African Iron directors accept Exxaro offer
African Iron's directors have formally accepted Exxaro's takeover offer, says the company.
ArcelorMittal SA primed for promotion
Arcelormittal SA has a more-than-even chance of re-admittance to the JSE/FTSE
Africa Index Top 40 when the stock exchange’s worthies pour over re-weightings.
Rio Tinto’s iron ore output flattens out
Rio Tinto has reported near-flat production growth of iron ore for the fourth quarter, weaker than some market expectations amid concerns that Chinese demand is softening.