Ferrous Metals

Rand shields Merafe from ferrochrome woes

The weaker rand is giving Merafe Resources some respite from the distressed ferrochrome market, analysts say, while the company has also secured debt to finance the Lion expansion project.

Majali absent as Kalahari case starts

Sandi Majali was allegedly 'out of the country' as a court convened to hear allegations and defence that he illegally removed Kalahari Resources directors.

Shares in iron ore miners rise as Brazil reverses lower court...

A BRAZILIAN court had ordered Vale, the state-owned iron ore and coal producer, to halt operations at its Brucutu iron ore mining complex, reversing...

Pallinghurst to collect $8m as Jupiter unveils third buy-back

THE star performer in the Pallinghurst Resources stable - Jupiter Mines - has launched its third buy-back offer of the last 12 months undertaking...

Essar resuscitates 500ktpy Zim steel plant

India's Essar Group said it would restart plans to breathe new life into Zisco, the state-owned Zimbabwe steel producer, and build a 600MW power plant.

Supply fears hurt Amsa sales

ArcelorMittal SA CEO Nonkululeko Nyembezi-Heita says jitters over the stability of iron ore supply may have prompted the group's South African customers to source steel from abroad.

Amsa sets out fresh Kumba iron ore dispute

Nonkululeko Nyembezi-Heita said the Phoenix project was part of Thabazimbi, a mine from which it has a supply agreement.

Exxaro says flip-up of SIOC stake is now an “easier conversation”

THE divestment of a 20.62% stake in Sishen Iron Ore Company (SIOC) by Exxaro Resources had been made easier to contemplate following the High Court...

Zim seeks new bids for fallen steel gaint Zisco

Zimbabwe is inviting fresh bids for the takeover of state steel-maker Zisco, after rejecting earlier offers from ArcelorMittal, Jindal Steel and Power of India.

Minas Rio on track, says Carroll

Anglo American CEO Cynthia Carroll told says the group's key Minas Rio iron ore project in Brazil is moving full steam ahead, following repeated delays and cost overruns.