Floods to buoy coking coal prices by a third
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
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.
Anglo ties-up Scaw Metals assets deal
Anglo American has completed the sale of Scaw Metals assets Moly-Cop and AltaSteel to Australian steel manufacturer OneSteel.
Russian firm hires ex-Anglo director
Russian steelmaker Severstal has recruited former Anglo American executive Philip Baum to head the $4bn flotation of its gold unit, according to reports.
Tata Steel mulls Riversdale counter bid
Tata Steel, the largest shareholder in Riversdale, is yet to decide whether it will counter Rio Tinto's $3.9bn offer for the Africa-focused miner.
Indian steel firm seeks SA base – report
India’s second-largest producer of steel is considering building a plant in SA if government agrees to grant iron ore and coking coal mining permits, reports Bloomberg.
Kumba’s Zim to start new steel firm
Lazarus Zim, the former chair of Kumba Iron Ore, says he has resigned from the board of the Anglo American subsidiary to start a new steel firm and avoid the potential of a conflict of interest.
Tata Steel ‘to sell SA assets’
Tata Steel is in talks to sell its South African assets to raise more than $150m, reports the Economic Times.
Zim resigns from Kumba
Lazarus Zim has quit his positions as chairperson and non-executive director of Kumba Iron Ore, citing conflict of interests.
Kumba’s Sishen bid delayed as Zim quits
Kumba Iron Ore's chair Lazarus Zim has stepped down and its court challenge to the 21.4% prospecting right awarded to ICT for Sishen mine has suffered a setback.