Kalahari to force ArcelorMittal to pay R241m
The legal dispute between Kalahari Resources and ArcelorMittal has ratcheted up
another notch, raising more questions as to whether SA will ever get a
ferromanganese smelter.
ArcelorMittal to appeal R241m Kalahari award
The European steelmaker has put the skids under the R10.7bn manganese
beneficiation project after it applied leave to appeal a South Gauteng Court decision
last month.
Kumba slides on earnings update
Shares in Kumba Iron Ore are under pressure following the release of a disappointing trading update from the Anglo American subsidiary.
Dip in ferrochrome benchmark price
The European benchmark ferrochrome price for the third quarter has been
settled at $1.25 per pound: a 7% decrease from the $1.35/lb of the current
quarter.
Flagship R10.7bn manganese project in disarray
ArcelorMittal may escalate legal action as it suspects corporate governance
failures at Kalagadi Manganese, the flagship venture of South Africa’s
beneficiation strategy.
Kumba bullish on iron ore price prospects
Kumba Iron Ore sees the long-term price of iron ore "much higher' than $80
per tonne, while the prevailing higher prices will last longer than what markets
have anticipated.
Aussie miner floats rail JV with Exxaro
The relationship between Equatorial Resources and Exxaro Resources has
thawed with the two firms looking at sharing iron ore infrastructure costs in the
Republic of Congo.
Ferrox appoints HSBC as adviser
Iron ore junior Ferrox Holdings has appointed HSBC as its financial adviser in
raising capital for the development of the group’s Tivani project in Limpopo.
A new breed of black miners
Despite well-documented frustrations, the South African mining industry is changing, albeit slowly.
ICT, DMR granted leave to appeal in Sishen case
The legal wrangle over the mineral rights of Kumba Iron Ore's Sishen mine is set to continue in the Supreme Court of Appeal.