Zungu flies to defence of ICT deal
Mining enterpreneur Sandile Zungu urged South Africans to celebrate his empowerment deal with ArcelorMittal SA which sees the steelmaker buy the controversial Imperial Crown Trading.
Jupiter acquisition of Tshipi near conclusion
-- PALLINGHURST Resources, the investment fund chaired by former BHP Billiton CEO Brian Gilbertson, said Jupiter Mines' acquisition of a 49.9% interest in...
Kumba denies influencing licence application
Kumba Iron Ore has rejected claims by former deputy director-general of the mines department, Jacinto Rocha, that it attempted to influence the granting of a mining licence.
ICT gets sweet deal from ArcelorMittal
Sources say Imperial Crown Trading will get R200m from ArcelorMittal even if it loses the action against Kumba Iron Ore over the prospecting right it has been awarded to part of the Sishen mine.
ArcelorMittal seeks “holistic solution”
ArcelorMittal CEO Nonkululeko Nyembezi-Heita says the acquisition of ICT is part of a strategy to improve the steel group's chances of coming out on top in the fight with Kumba Iron Ore.
ArcelorMittal buys Imperial Crown Trading
ArcelorMittal has agreed to buy Imperial Crown Trading for R800m in what could be viewed as a desperate attempt to recover the mining rights it lost in Kumba's Sishen iron ore mine.
Merafe buys chromine ore from Lonmin
South Africa's Merafe Resources has enough ore sources to mitigate the impact of a government order preventing Lonmin from selling any associated minerals.
Kumba reaches Faleme Project settlement
Kumba Iron Ore has announced that it has reached a settlement agreement with the Republic of Senegal and La Society des Mines De Fer Du Senegal Oriental, Senegal's state-owned development company, concerning the Faleme Project.
Rio Tinto reports record underlying H1 earnings
Anglo-Australian mining giant Rio Tinto has posted a 260% jump in first-half net earnings to a record $5.85bn and says China was key to its future.
BSI extends Meyerton factory by further R23m
AltX-listed steel products stockist, processor, trader and exporter BSI Steel has expanded its R110m distribution and processing centre in Meyerton, Gauteng, at a cost of R12m.