Ferrous Metals

Absa caught up in ‘hijack’ tangle

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Banking group Absa is the second blue-chip company to become caught up in the alleged hijacking of Kalahari Resources by Sandi Majali.

Majali absent as Kalahari case starts

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Sandi Majali was allegedly 'out of the country' as a court convened to hear allegations and defence that he illegally removed Kalahari Resources directors.

Majali controversy extends to Anglo

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Allegations connecting Sandi Majali to certain company hijacking took a serious turn on Friday after it was discovered Anglo American representatives have been usurped from a firm Majali now controls.

Russian miner to list non-precious assets

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Russian miner Petropavlovsk is to list its non-precious assets, which include iron ore and titanium, on the Hong Kong exchange.

New iron ore mine to debut on JSE

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The Australian entrepreneur Ed Nealon, who set up the Kroondal platinum mine, plans a new iron ore mine in Limpopo which will be listed in SA.

Zim seeks new bids for fallen steel gaint Zisco

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Zimbabwe is inviting fresh bids for the takeover of state steel-maker Zisco, after rejecting earlier offers from ArcelorMittal, Jindal Steel and Power of India.

BHP earnings set to jump 50pct

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BHP Billiton looks to strengthen its hand this week in its $39bn bid for Canadian fertiliser group Potash Corp as second half earnings are expected to rise 50%.

Rio, BHP merger talks still on

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Rio Tinto, the world's second largest iron ore producer, dismissed claims that a proposal to merge its Australian iron ore operations with that of BHP Billiton was "dead in the water".

Zungu flies to defence of ICT deal

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Mining enterpreneur Sandile Zungu urged South Africans to celebrate his empowerment deal with ArcelorMittal SA which sees the steelmaker buy the controversial Imperial Crown Trading.

Jupiter acquisition of Tshipi near conclusion

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-- PALLINGHURST Resources, the investment fund chaired by former BHP Billiton CEO Brian Gilbertson, said Jupiter Mines' acquisition of a 49.9% interest in...