Ferrous Metals

Kumba expects Q4 iron ore revival

Kumba Iron Ore, the Anglo American subsidiary, said the fourth quarter iron ore price would be supported by China to which it sells 66% of its exports.

India’s Sail eyes SA for 3mt steel plant

Steel Authority of India is planning to build four steel plants, one of which will be in South Africa, for $12bn, according to its chairperson.

Iron ore fall raises doubts on Australia tax plan

Australia's politically charged mining profits tax may raise less of the initial A$11bn Prime Minister Julia Gillard is promising if iron ore prices return to November levels.

Police move in to end Sishen occupation

The occupation of Kumba Iron Ore’s Sishen mine by some 120 striking workers has come to an end, the company says.

Anglo American to suffer up to $400m earnings hit at Minas...

Anglo American will take a hit of between $300m and $400m to its expected earnings before interest, tax depreciation and amortisation (EBITDA) for its...

Amsa plant resumes production

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.