Ferrous Metals

ENRC sees strong growth in Q2 output

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Kazakh miner ENRC, says demand for stainless steel had recovered from last year's downturn, bringing strong growth in the second-quarter output of its two most important products, ferroalloys and iron ore.

Merafe, Xstrata to build R1bn chrome plant

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The Xstrata/Merafe chrome joint venture will invest about R1bn in a new chrome pelletising plant to be built at the group's Rustenburg ferrochrome smelter.

Merafe bursts back into profit

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A one third improvement in ferrochrome prices have helped Merafe Resources back into a first half profit.

Iron drops for first time in years

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Iron ore output fell in 2009 for the first time in seven years despite continued growth in trade to record levels, keeping market conditions tight and prices high until 2012, says a UN think-tank.

Minas Rio costs soar to $4.5bn

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The capital cost of Anglo American's Minas Rio iron ore project in Brazil has ballooned out to around $4.5bn mainly because of the impact of permitting delays on the construction schedule.

ArcelorMittal to drop steel prices

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ArcelorMittal has revised its steel pricing policy for domestic consumers following the interim pricing agreement reached with Kumba Iron Ore over iron ore supplies.

ArcelorMittal checks its management system

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ArcelorMittal has called in an external audit firm to confirm that its enterprise risk management system is all it's cracked up to be given what happened over Kumba.

Demand recovery fires Merafe in H1

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Merafe Resources, which is in joint venture with Xstrata, lifted ferrochrome production 149% in the first half of its financial year as demand recovered.

Wage negotiations concluded at Assmang

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Trade union Solidarity says that wage negotiations at Assmang's Khumani and Beeshoek iron mines in the Northern Cape have been concluded after only two rounds, with the union negotiating a wage increase of 10%.

Motjoli to challenge Kumba in R11bn mine

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Little known Motjoli Resources is considering building an R11bn iron ore mine that will add diversity to supply of a mineral much in the frame lately.