Ferrous Metals

Indian steel firm seeks SA base – report

India’s second-largest producer of steel is considering building a plant in SA if government agrees to grant iron ore and coking coal mining permits, reports Bloomberg.

BHP earnings set to jump 50pct

BHP Billiton looks to strengthen its hand this week in its $39bn bid for Canadian fertiliser group Potash Corp as second half earnings are expected to rise 50%.

BSI extends Meyerton factory by further R23m

AltX-listed steel products stockist, processor, trader and exporter BSI Steel has expanded its R110m distribution and processing centre in Meyerton, Gauteng, at a cost of R12m.

Aquila seeks ‘judicial review’ after appeal fails

After 20 months, mines minister Ngoako Ramalthodi rejects Aquila Steel's appeal over manganese mining rights - a development that will take both to court.

IFM agrees to shut two furnaces

Eskom has agreed to buy back power from International Ferro Metals which has agreed to shut two furnaces in deals most likely similar to shut downs at Rukkii, Xstrata and Samancor.

SA continues to slide in ferrochrome stakes

South Africa's share of the world ferrochrome market deteriorated another 2% in 2013 despite efforts to have the government intervene in cheap chrome exports.

Anglo ties-up Scaw Metals assets deal

Anglo American has completed the sale of Scaw Metals assets Moly-Cop and AltaSteel to Australian steel manufacturer OneSteel.

Japan’s steelmakers halt output

Key Japanese steelmakers have stopped production at some plants as the country imposed power cuts to cope with the devastation brought by a massive earthquake and tsunami.

Assore resilient, but acknowledges US trade war hit chrome exports

ASSORE, the miner and marketer of metals used in steelmaking, emerged unscathed by the US/China trade wars in its year to June. But in the...

First Quantum had agreed to conditional Zambia power tariff hike

FIRST Quantum Minerals said it was working to resolve a dispute with the Zambian authorities over compliance with a new electricity tariff which has...