South-African based pure iron ore company Kumba Iron Ore says it expects to increase output to 70 million metric tons by 2019, from 39.4 million in 2009.
The Korea Iron & Steel Association said it has joined European and Chinese steel bodies to oppose recent raw material price increases.
Rio Tinto says it is dumping the annual iron ore pricing in favour of quarterly pricing. It is the last of the top three to do so.
Metmar Africa, in which JSE-listed Metmar Limited, has acquired a 40% stake in Zimbabwe Alloys Chrome for $51.3m.