Ferrous Metals

Govt defends Kumba affidavit claims

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The DMR has justified a tabled affidavit, which reportedly states Kumba Iron Ore has to sell heavily discounted iron ore to Imperial Crown Trading.

Kumba ups ante in Sishen row

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UPDATED: Kumba Iron Ore has rubbished the DMR’s assertion that its bid for the disputed right at Sishen was irregular, saying it will challenge the refusal of the application.

State fires back over Kumba’s Sishen bid

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The DMR has rejected Kumba Iron Ore’s right application over a portion of Sishen mine because the group submitted a "fraudulent' application, reports Business Day.

ArcelorMittal sees slow steel recovery

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Demand for steel in the developed world will only return to pre-crisis levels in 2015, says ArcelorMittal chair Lakshmi Mittal.

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.