Tuesday, July 17, 2018

Kumba Iron Ore, which is 64% owned by Anglo American, says it is confident that the Transnet strike will have no long-term effect on the company's exports.

Kumba defends chairman Lazarus Zim after a report in a South African newspaper suggesting there may be a conflict of interest because of links to the head of the group that snatched rights in Sishen mine.

ArcelorMittal South Africa seeks a quick end to a price row with Kumba Iron Ore and maintains a focus on growing in Africa.

China's steel industry is ripe for consolidation in coming years, but the process elsewhere has largely run its course, says the head of ArcelorMittal , the world's largest steelmaker.

Samancor Chrome, the world's second largest ferrochrome producer, has shut down mine operations following a blast incident that claimed two lives.

Zimbabwe rejects a takeover bid by South Africa's ArcelorMittal for state steel maker ZISCO in a move that could slow a drive to attract foreign investment.

Kumba Iron Ore says it will review iron ore supplies to ArcelorMittal unless the steelmaker agrees to an interim pricing arrangement "in the near future".

South Africa's largest steel maker ArcelorMittal SA posts a strong rise in profits as it fights a number of competition-related battles and tries to restore a cheap supply of iron ore.

China's steel industry body will allow mills to sign individual supply deals with global miners, as it seemed to abandon efforts to preserve annual pricing that for months had appeared doomed.

Kumba Iron Ore starts the arbitration process against ArcelorMittal in a dispute over the supply of cheap ore to South Africa's largest steelmaker, who has bumped up prices significantly since the battle started.