Ferrous Metals

Exxaro bids for Aussie iron ore miner

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Exxaro Resources has bid for junior Australian iron ore producer Territory Resources, but could face stiff opposition from commodity trader Noble Minerals.

Kumba, Amsa extend interim price deal

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Kumba Iron Ore says its interim iron ore supply agreement with ArcelorMittal SA has been extended until end-July 2012.

New players to shake-up manganese sector

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South Africa’s manganese sector is geared for large-scale expansion and will add around 15% to global capacity.

Amsa to secure own iron ore mine

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UPDATED - ArcelorMittal SA raised the prospect of restarting its own mining division saying it was in negotiations to develop an iron ore mine.

R4.2bn manganese smelter to boost Coega

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The Coega Industrial Development Zone has received a major boost, with the announcement of a R4.2bn rand investment for the construction of a manganese smelter plant.

Amsa reports sharp profit drop

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ArcelorMittal South Africa has reported a sharp drop in first-quarter profit, but says it expects improvement in the next three months.

Merafe posts output increase

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Merafe Resources says first-quarter production rose 3.8%, but says the company will operate at a lower rate during June to August.

Amsa leaves steel prices unchanged

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ArcelorMittal SA says it will leave prices for its products flat this month, but raise some of them in June.

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.

Kumba output hit by excessive rainfall

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Kumba Iron Ore has reported a 23% decline in quarterly production, hit by excessive rainfall at all operations.