Ferrous Metals

Sam Jonah backs new iron venture

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After keeping a low profile for the past two years entrepreneur Sam Jonah has surfaced as the venture capitalist behind an innovative iron manufacturing venture involving Palabora.

Stockpiles will help us through: Kumba

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Stockpiles would help Kumba Iron Ore through next week's strike planned by the National Union of Mineworkers, the company said.

IFM pulls back on expansion plan

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International Ferro Metals said depressed conditions in the ferrochrome market had forced it to consider reducing a three furnace project to two furnaces.

“Leave Kalahari alone”, warns founder

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Daphne Mashile-Nkosi has warned Sandi Majali and Stephen Khoza off Kalahari Resources, the company she chairs, which they claim has perpetrated tax fraud.

Cipro washes its hands of hijacking

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Cipro has suspended its online facility for changing directorships to curb company hijackings, but says it won't take the blame when its systems are manipulated.

Kalahari joy as interlopers ejected

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Directors of Kalahari Resources, including founder and chairperson, Daphne Mashile-Nkosi, have won a court battle to have invaders removed from the board.

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.