Ferrous Metals

Sishen showdown set to commence

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The dispute over Kumba Iron Ore’s Sishen mine will come to a head from Monday when the protagonists square off in court over a 21.4% right in a world-renowned mineral asset.

ArcelorMittal furnace out of action

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ArcelorMittal SA says a furnace at its Newcastle plant has failed and will be out of service for the next two months.

Kumba workers to get R2.3bn payout

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Some 5,000 Kumba Iron Ore employees are set to get up to R500,000 each in November when a broad-based empoyee share participation scheme matures.

Hawks target ICT powerbroker

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The power-broker behind the Imperial Crown Trading led consortium - that could turn a number of partners into multimillionaires - has reason to sweat.

Ban chrome ore exports, says Merafe

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Merafe CEO Stuart Elliot wants levys and volume curbs placed on the exports of chrome ore which he says are benefitting China and harming South Africa.

African Minerals, Shandong sign $1.5bn deal

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African Minerals has finally signed an agreement with Shandong Iron & Steel that will see the Chinese group invest $1.5bn in African Minerals' flagship iron ore project in Sierra Leone.

Amsa still assessing new iron ore project

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ArcelorMittal SA is close to completing its due dilgence study on a potential new iron ore mine in the Northern Cape.

Merafe’s ferrochrome ouput lower

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Merafe Resources, the country's largest ferrochrome producer, says first-half production has fallen 4% to 150,000 tonnes due to furnace refurbishments.

Investors score as Kumba ups dividend

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Kumba Iron Ore has declared a record interim dividend as higher export iron ore prices more than made up for weather-related production losses.

Kumba eyes West Africa for growth

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Kumba Iron Ore says it will again look at West Africa for expansion, aiming to source up to 20 million tonnes of ore from the region by 2020.