Ferrous Metals

Rio Tinto completes Alcan Packaging divestment

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Resources giant Rio Tinto has wrapped up the divestment of its Alcan Packaging business with the completion of sales of its two outstanding assets.

Kumba marks out cost battle for 2013

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The 2013 financial year will be one of cost containment at Kumba Iron Ore which said that an increase in waste mining will be a major challenge.

Petmin keen to advance Canadian pig iron play

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Petmin’s Canadian pig iron project is shaping up as the company’s preferred development play for advancement and has set aside some R90m to further the project.

Kumba CFO to step down in December

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KUMBA Iron Ore said its CFO of eight years Bothwell Mazarura is to step down from end-December after serving a six month notice period. He...

Fresh approach to SA iron ore export growth

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Kumba CEO Chris Griffith says a breakthrough has been reached with Transnet Freight Rail over the future expansion of the Sishen-Saldanha export corridor.

Anglo American sells $15bn of iron ore from Minas Rio to...

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ANGLO American signed a $15bn iron ore supply agreement with Bahrain Steel for its Minas Rio iron ore mine in Brazil, said BusinessLive. The 20-year...

SA manganese exports disrupted after seas pummel Gqeberha port

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MANGANESE exports from South Africa have been disrupted after heavy seas over the weekend damaged the rail line at the country's Gqeberha port in...

BHP Billiton in $3bn Liberian iron deal

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Resources giant BHP Billiton has increased its drive for African iron ore, which will lessen its reliance on Australian mineral stores in the longer term.

Kumba FY earnings up on higher iron ore prices

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Kumba Iron Ore has reported a rise in full-year profit, boosted by higher iron ore prices and says it expects export volumes to rise in the current financial year.

Iron ore prices to stay high

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Iron ore prices will stay high for another two to three years according to institution MF Global which says China is investing in new iron ore projects in order to boost supply and lower prices.