Ferrous Metals

Tata Steel mulls Riversdale counter bid

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Tata Steel, the largest shareholder in Riversdale, is yet to decide whether it will counter Rio Tinto's $3.9bn offer for the Africa-focused miner.

Indian steel firm seeks SA base – report

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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.

Kumba’s Zim to start new steel firm

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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.

Tata Steel ‘to sell SA assets’

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Tata Steel is in talks to sell its South African assets to raise more than $150m, reports the Economic Times.

Zim resigns from Kumba

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Lazarus Zim has quit his positions as chairperson and non-executive director of Kumba Iron Ore, citing conflict of interests.

Kumba’s Sishen bid delayed as Zim quits

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Kumba Iron Ore's chair Lazarus Zim has stepped down and its court challenge to the 21.4% prospecting right awarded to ICT for Sishen mine has suffered a setback.

Anglo predicts 150m tonnes iron ore output

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UPDATED: Anglo American's iron ore output capacity may rise to above 150 million tonnes by 2020, says an executive.

Anglo granted key Minas Rio licence

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Anglo American will start building early next year one of its biggest growth projects, the Minas Rio iron ore operation in Brazil, after getting permission from the government.

World Cup lifts Russian steel firms

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Russian steel companies are rallying on expectation that hosting the 2018 World Cup will fuel a lucrative construction boom.

Rio, Sinosteel extend JV

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Rio Tinto and Sinosteel have extended their Channar iron ore joint venture in Australia to produce a further 50 million tonnes of ore, says Rio Tinto.