Ferrous Metals

Ian Cockerill’s punt on Liberia

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Petmin's investment in an iron ore project in Liberia links it to AIM-listed Hummingbird Resources, with Ian Cockerill chairman of both companies.

Furnace pains put damper on IFM sales surge

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International Ferro Metals says quarterly sales of ferrochrome have doubled, but warns its production will be hampered by furnace problems for the rest of the year.

Petmin to finance Liberian exploration

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Petmin has agreed with Hummingbird Resources to provide $2m for the exploration of Hummingbird’s iron ore-rich Ginka licence area in Liberia.

Sishen: the saga continues

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The drama over mineral rights for Kumba Iron Ore’s valuable Sishen Mine will play out in the courts this week.

Kumba earnings to double

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Rebounding export iron ore prices and sales volumes have bolstered Kumba.

Kumba livid over new ICT application

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Kumba Iron Ore has accused the department of mineral resources of acting unlawfully and maliciously for accepting a mining rights application from ICT over Sishen mine.

Steel price hike announced

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THE base list price of all general flat and long steel products will increase from February, says ArcelorMittal SA.

Tata to keep Riversdale stake

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India's Tata Steel says it will not let go of its holding in Mozambique-focused Riversdale Mining, calling it a strategic stake.

Floods to buoy coking coal prices by a third

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Australia's floods may remove 5% or more of steelmaking coal from world markets and lift prices by a third, say analysts.

Tata Steel majority holder in Nippon JV

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Tata Steel will hold 51% in its joint venture with Japan's Nippon Steel, aiming to produce 600,000 tonnes a year of cold rolled automotive sheet steel.