Ferrous Metals

Petmin to finance Liberian exploration

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Petmin has agreed with Hummingbird Resources to provide $2m for the exploration of Hummingbird’s iron ore-rich Ginka licence area in Liberia.

Sishen: the saga continues

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

Kumba earnings to double

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Rebounding export iron ore prices and sales volumes have bolstered Kumba.

Kumba livid over new ICT application

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Kumba Iron Ore has accused the department of mineral resources of acting unlawfully and maliciously for accepting a mining rights application from ICT over Sishen mine.

Steel price hike announced

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THE base list price of all general flat and long steel products will increase from February, says ArcelorMittal SA.

Tata to keep Riversdale stake

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India's Tata Steel says it will not let go of its holding in Mozambique-focused Riversdale Mining, calling it a strategic stake.

Floods to buoy coking coal prices by a third

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Australia's floods may remove 5% or more of steelmaking coal from world markets and lift prices by a third, say analysts.

Tata Steel majority holder in Nippon JV

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Tata Steel will hold 51% in its joint venture with Japan's Nippon Steel, aiming to produce 600,000 tonnes a year of cold rolled automotive sheet steel.

Anglo ties-up Scaw Metals assets deal

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

Russian firm hires ex-Anglo director

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Russian steelmaker Severstal has recruited former Anglo American executive Philip Baum to head the $4bn flotation of its gold unit, according to reports.