Ferrous Metals

African Iron directors accept Exxaro offer

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African Iron's directors have formally accepted Exxaro's takeover offer, says the company.

ArcelorMittal SA primed for promotion

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Arcelormittal SA has a more-than-even chance of re-admittance to the JSE/FTSE Africa Index Top 40 when the stock exchange’s worthies pour over re-weightings.

Rio Tinto’s iron ore output flattens out

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Rio Tinto has reported near-flat production growth of iron ore for the fourth quarter, weaker than some market expectations amid concerns that Chinese demand is softening.

Iron ore prices lift Kumba earnings

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Kumba Iron Ore says an increase in export iron ore prices has substantially lifted its full-year earnings.

Authorities halts Petmin’s SamQuarz sale

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Petmin says its proposed sale of the SamQuarz silica mine has been disallowed by the Competition Commission.

Amsa plant resumes production

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ArcelorMittal SA, a unit of the world’s biggest steelmaker, has resumed full production at its Newcastle plant that was hit by a furnace failure last year, says the company.

Mboweni buys stake in iron ore junior

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Former Reserve Bank Governor Tito Mboweni and his brother, Alto, will buy up to 20% of iron ore junior Ferrox Holdings in a $32m deal.

Exxaro confirms R2.8bn African Iron swoop

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Exxaro Resources confirmed week-long speculation it would make its first foray into iron ore bidding up to a 49% premium for African Iron which operates in the Republic of Congo.

African Iron to unveil Exxaro offer

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A trading halt was applied to African Iron shares today amid wide expectations a takeover offer from Exxaro Resources will be announced later this week.

Exxaro bids A$300m for African Iron: report

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Exxaro Resources has renewed its bid to take direct operating control over an iron ore mine, reportedly bidding R2.4bn for Australia's African Iron.