Ferrous Metals

Kumba eyes West Africa for growth

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Kumba Iron Ore says it will again look at West Africa for expansion, aiming to source up to 20 million tonnes of ore from the region by 2020.

Merafe expects sharp drop in earnings

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Ferrochrome producer Merafe Resources expects sharply lower earnings for the six months to June and is cutting back production because of current weaker market conditions.

IFM set to turn corner

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International Ferro Metals remains on track to lower its cost base as it prepares to cash in on an expected increase in demand for stainless steel.

Steel firms, striking unions reach deal

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Steel and engineering firms have reached a wage deal with Numsa to end a two-week long strike, says a union official.

Merafe warns over ferrochrome prices

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Merafe Resources, which produces ferrochrome in a joint venture with Xstrata, says third quarter ferrochrome prices have dropped 11% quarter-on-quarter.

Exports boost Kumba earnings

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Kumba Iron Ore says it expects a rise in first-half earnings, lifted by higher iron ore export prices.

Egypt steel magnate faces fresh graft charges

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Egyptian steel magnate Ahmed Ezz, a top ally of ousted President Hosni Mubarak who is being investigated for graft, faces fresh charges of profiteering and squandering public funds.

Exxaro walks away from Territory

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Exxaro Resources has confirmed that its offer for Territory Resources will not be increased.

Territory backs Noble offer

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Australian iron ore firm Territory Resources has recommended a A$132.6m takeover offer from Noble Group, which trumped an earlier offer from South Africa's Exxaro.

Exxaro thwarted in Territory bid

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UPDATED: Exxaro is reviewing its position after its bid for Australian iron ore miner Territory Resources was trumped by Hong Kong's Noble Group.