Ferrous Metals

IFM meets key milestones

International Ferro Metals is ticking all the boxes in its attempts to turn the corner on a difficult past, meeting key targets as its seeks to lower costs and increase capacity.

Sishen: the saga continues

The drama over mineral rights for Kumba Iron Ore’s valuable Sishen Mine will play out in the courts this week.

Exxaro eyes iron ore investment

Exxaro Resources says it aims to diversify from coal and wants to add iron ore to its portfolio.

Doubts cast on Merafe dividend ambition

A declaration by Merafe Resources that it hoped to pay dividends at some future point was met with astonishment by analysts.

No bias in Sishen rights case, says Nogxina

The department of mineral resources has not been biased in its dealings on the Sishen mining rights, says director general Sandile Nogxina.

Kumba foists price hike on Arcelor

Kumba Iron Ore turned up the heat in its iron ore dispute with ArcelorMittal asking the steelmaker to accept higher prices for its product, or suffer the consequences.

R4.2bn manganese smelter to boost Coega

The Coega Industrial Development Zone has received a major boost, with the announcement of a R4.2bn rand investment for the construction of a manganese smelter plant.

Kumba cuts dividend as cash to debt vexes

Kumba unveils capital cuts while raising the alarm on EBITDA to debt cover amid a deteriorating outlook for iron ore prices.

Beny Steinmetz to fight fresh Guinea iron ore bribery charges as...

MINING entrepreneur, Beny Steinmetz, is to fight Swiss corruption charges related to long-standing claims he paid bribes in order to win mining licences for Guinea's...

Kumba’s Zim to start new steel firm

Lazarus Zim, the former chair of Kumba Iron Ore, says he has resigned from the board of the Anglo American subsidiary to start a new steel firm and avoid the potential of a conflict of interest.