Ferrous Metals

Kumba to shut Thabazimbi, retrench 1,060

Kumba Iron Ore is to shut its Thabazimbi mine in South Africa's Limpopo province taking numbers retrenched to more than 1,300 people.

Furnace pains put damper on IFM sales surge

International Ferro Metals says quarterly sales of ferrochrome have doubled, but warns its production will be hampered by furnace problems for the rest of the year.

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.

Anglo names new boss for Brazil iron ore

Anglo American has replaced the head of its Brazilian iron ore operations, which includes its flagship $5bn Minas-Rio project, naming its commercial director as chief executive.

Arcelor profits soar as legal battles rage

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.

All steam ahead on $200m Gravenhage manganese project as Aquila finally...

FOR a startling example of how opaque and even unfriendly mining regulations have hampered economic development in South Africa, look no further than the...

IFM losses increase

IFM continues to battle with various technical issues which have kept it in the red despite rapidly improving market conditions for its main customers - the stainless steel producers.

Assore R9bn cash pile “not a lot of money” as holds...

ASSORE is "looking at different options" for its R9bn cash pile, but CEO, Charles Walters, rules out the possibility of paying out a special...

Kumba fears no long-term strike effects

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.

West Africa is the ‘new Pilbara’

West Africa is the new Pilbara for iron ore mining as well as a battleground between established miners and Chinese firms seeking to enter the region.