Ferrous Metals

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.

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.

Rio Tinto joins in tax discontentedness

Resources giant Rio Tinto has added its voice to the chorus of miners that have expressed disappointment at the misrepresentation of the level of taxes it pays on its Australian operations.

BHP finalises JV arrangements for project

BHP Billiton has confirmed the formation of the new joint venture for its Indonesian Coal Project with a subsidiary of PT Adaro Energy TBK (Adaro) following the completion of Government approvals.

Kermas, Koreans target SA iron ore

Kermas teams up with Korean companies to develop iron ore and titanium projects in South Africa.

Kumba takes Sishen dispute to court

Kumba Iron Ore has taken formal legal action against the Department of Mineral Resources over the Sishen mineral rights dispute in addition to the lengthy internal appeal already under way.

Chinese pour money into Guinea iron venture

AIM-traded Bellzone strikes a deal with China International Fund to build a $2.7bn railway that opens up a giant iron ore deposit in Guinea and potentially brings forward the production date.

Kumba fears no long-term strike effects

Kumba Iron Ore, which is 64% owned by Anglo American, says it is confident that the Transnet strike will have no long-term effect on the company's exports.

Kumba defends Zim from conflict of interest charge

Kumba defends chairman Lazarus Zim after a report in a South African newspaper suggesting there may be a conflict of interest because of links to the head of the group that snatched rights in Sishen mine.