Ferrous Metals

Rio not majorly affected by Zim diamond ban

Global miner Rio Tinto says it has not suffered significant loss from Zimbabwe's ban on diamond exports and the interuptions to shipments from the country are limited.

Rio Tinto to lift Ivanhoe stake to 30pct

Anglo-Australian miner Rio Tinto says it will spend $393m acquiring more shares in Canada's Ivanhoe Mines to progress a landmark copper-gold project in Mongolia.

Imperial Crown seeks Sishen access

Imperial Crown Trading 289 has advised Kumba Iron Ore it wants to access the Sishen mine site to investigate ways in which it can exercise its prospecting rights.

BHP welcomes resolution of resources tax

BHP Billiton's CEO Marius Kloppers is encouraged by the comments of newly-appoinmted Australian Prime Minister Julia Gillard that her government will open the door for negotiations with the objective of achieving consensus.

Govt mulls wilderness mining application

As the search for mineral resources intensifies, another South African company has applied to dig in pristine wilderness; this time, in search of manganese ore.

BHP, Rio agree higher iron ore royalty

Iron ore miners Rio Tinto and BHP Billiton agree to pay higher royalty rates to the Western Australian state government in return for approval for their $116bn joint venture.

BSI Steel in R70M acquisition deal

Steel company BSI Steel has announced that it is acquiring 100% of the issued shares of the privately-held entities, Staalbeer Limited and Universal Pulse Trading 103 for R70m in shares and cash.

ArcelorMittal mum on new offer for Zisco

It is unclear whether ArcelorMittal SA, the South African arm of the world's largest steel producer, will re-bid for a stake in Zimbabwean Iron and Steel Company (Zisco).

BHP Billiton in $3bn Liberian iron deal

Resources giant BHP Billiton has increased its drive for African iron ore, which will lessen its reliance on Australian mineral stores in the longer term.

Xstrata-Merafe to operate at 65% capacity

The Xstrata-Merafe Chrome Venture, which supplies around 20% of the world's ferrochrome requirements, on Thursday advised that it would operate on average at 65% of capacity during winter.