Ferrous Metals

Rio Tinto’s iron ore output flattens out

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.

Absa caught up in ‘hijack’ tangle

Banking group Absa is the second blue-chip company to become caught up in the alleged hijacking of Kalahari Resources by Sandi Majali.

ICT buyout not a given: Amsa

ArcelorMittal SA says its takeover of Imperial Crown Trading depends on the firm clearing itself of claims of impropriety, and getting mining rights to Sishen.

ArcelorMittal SA primed for promotion

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.

AMSA, Kumba end iron ore pricing feud

ArcelorMittal SA and Kumba brought the curtain down on more than three years of feuding over iron ore prices agreeing a cost plus 20% deal.

Kumba takes Sishen dispute to court

Kumba Iron Ore has taken formal legal action against the Department of Mineral Resources over the Sishen mineral rights dispute in addition to the lengthy internal appeal already under way.

Amsa ‘paid’ for cheap Sishen ore

Kumba was compensated in 2001 in anticipation of lower future profits it would’ve sustained due to its iron ore supply agreement with ArcelorMittal SA, read court documents.

Kumba’s Sishen on target for 27Mt in “mixed” Q3 for Anglo

KUMBA Iron Ore was the highlight of Anglo American's third quarter production figures with the 70%-owned listed subsidiary showing signs it could meet its...

Russia enjoys “special status” in Guinea in effort to rekindle Soviet-era...

RUSSIAN mining companies enjoy special privileges in Guinea owing to carefully managed political links between the countries, said the Guardian citing Amadou Bah, the 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.