Ferrous Metals

Kumba foists price hike on Arcelor

Kumba Iron Ore turned up the heat in its iron ore dispute with ArcelorMittal asking the steelmaker to accept higher prices for its product, or suffer the consequences.

ArcelorMittal to close Saldanha plant

Steel producer ArcelorMittal is planning the immediate closure of its Saldanha Bay plant in a hard line response to Kumba Iron Ore's pricing demands.

NUM overwhelmingly rejects Kumba’s wage offer

The National Union of Mineworkers says thousands of its members had "overwhelmingly" rejected Kumba Iron Ore's wage offer.

IFM: no fall in ferrochrome Q4 contracts price

An end to de-stocking coupled with rising demand will ensure ferrochrome contract prices do not fall below current levels for the fourth quarter, International Ferro Metals says.

Merafe to return to the black

Merafe Resources said on Thursday it expected to report a return to black for the six months to the end of June.

Iron ore prices to stay high

Iron ore prices will stay high for another two to three years according to institution MF Global which says China is investing in new iron ore projects in order to boost supply and lower prices.

African Minerals bags new investment in China

African Minerals has sealed a second investment deal with a Chinese group for its flagship iron ore project in Sierra Leone, selling a 25% stake to Shandong Iron & Steel for $1.5bn.

Iron ore dispute gains momentum

Legal teams representing Kumba Iron Ore, ArcelorMittal SA and Imperial Crown Trading are to meet as the parties settle down to an expected war of attrition.

Rio to sell Chapudi coal project

Resources giant Rio Tinto has reportedly put its Chapudi coal exploration assets in South Africa up for sale.

Anglo facing Minas Rio delay

Land issues may force Anglo American to delay the start-up of its Minas Rio iron ore project in Brazil, according to a report by Dow Jones.