Merafe expects sharp drop in earnings
Ferrochrome producer Merafe Resources expects sharply lower earnings for the six months to June and is cutting back production because of current weaker market conditions.
IFM set to turn corner
International Ferro Metals remains on track to lower its cost base as it prepares to cash in on an expected increase in demand for stainless steel.
Steel firms, striking unions reach deal
Steel and engineering firms have reached a wage deal with Numsa to end a two-week long strike, says a union official.
Merafe warns over ferrochrome prices
Merafe Resources, which produces ferrochrome in a joint venture with Xstrata, says third quarter ferrochrome prices have dropped 11% quarter-on-quarter.
Exports boost Kumba earnings
Kumba Iron Ore says it expects a rise in first-half earnings, lifted by higher iron ore export prices.
Egypt steel magnate faces fresh graft charges
Egyptian steel magnate Ahmed Ezz, a top ally of ousted President Hosni Mubarak who is being investigated for graft, faces fresh charges of profiteering and squandering public funds.
Exxaro walks away from Territory
Exxaro Resources has confirmed that its offer for Territory Resources will not be increased.
Territory backs Noble offer
Australian iron ore firm Territory Resources has recommended a A$132.6m takeover offer from Noble Group, which trumped an earlier offer from South Africa's Exxaro.
Exxaro thwarted in Territory bid
UPDATED: Exxaro is reviewing its position after its bid for Australian iron ore miner Territory Resources was trumped by Hong Kong's Noble Group.
Iron ore rail line expansion ‘on track’
Transnet is on track to expand its iron ore and manganese rail line to an annual capacity of 60 million tonnes by 2012/13, says its CEO.