Ferrous Metals

Amsa may cut output as market hits skids

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ArcelorMittal South Africa was seeking to optimisation production between its steel plants but the closure of part of Vereeniging Works was being considered.

Kumba to oppose shock R5.5bn tax hit

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Kumba Iron Ore would object to a R5.5bn assessed tax claim in a development that may hinder its unbundling or disposal by Anglo American.

Rio: surge in iron ore demand to continue

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The world needs at least 100 million tonnes of additional iron ore supply each year for the next eight years, says Rio Tinto.

Iron ore fall raises doubts on Australia tax plan

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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.

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...

Equatorial to pare back $231m capital outlay

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Leasing rolling stock and processing equipment would enable Equatorial Resources to cut its capital budget for its Mayoko-Moussandji iron ore project.

Severstal takes control of Liberia iron project

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Severstal has said it reached an agreement to acquire the remaining 38.5% stake in the Putu iron ore project from Afferro for $65m, as well as possible future payments.

Rio reaches accord with Guinea over Simandou

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Rio Tinto says it will pay the government of Guinea $700m after reaching an agreement to resolve all outstanding disputes over its Simandou iron ore project.

SARS takes Kumba tax claim to R6.5bn after 2011 review

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KUMBA Iron Ore (Kumba) said its potential tax liability may increase by at least another R1bn following a review of a subsidiary's 2011 tax...

ICT gets sweet deal from ArcelorMittal

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Sources say Imperial Crown Trading will get R200m from ArcelorMittal even if it loses the action against Kumba Iron Ore over the prospecting right it has been awarded to part of the Sishen mine.