Bushveld to cut 40% of head office staff as global markets...
BUSHVELD Minerals had cut jobs at its head office impacting about 40% of total employees as it sought to turn the company's fortunes around.
In...
Kumba halts production growth plans as TFR woes take toll
KUMBA Iron ore has shelved plans to increase production saying that following a business review this year output will be flat from 2024 to...
Rio’s Stausholm estimates $6.2bn spend on Simandou iron ore
RIO Tinto expected to spend $6.2bn developing Guinea's Simandou iron ore deposit with initial production pencilled in for 2025.
Speaking to Bloomberg News, Rio Tinto...
Bushveld survival plans boosted after refinancing $46.9m in debt
ORION Mine Finance has agreed to refinance and extend $46.9m in debt with Bushveld Minerals paving the way for the recapitalisation of the vanadium...
Anglo discusses job cuts at Amplats, Kumba Iron Ore
ANGLO American acknowledged it was under pressure following sustained weakening in platinum group metal prices (PGMs) and a decline in the performance of South...
Bushveld starts trimming business with plan to sell CellCube
BUSHVELD Energy said today it intended to sell its 25.25% stake in CellCube, an energy storage battery manufacturer.
The divestment is part of plans to simplify...
Bushveld CEO warns maintenance days will rise as he seeks reliability
BUSHVELD Minerals CEO Craig Coltman warned the company would put more focus into maintenance than usual in the first six months of 2024 in...
Glencore’s cuts ferrochrome guidance after limiting Eskom pain
GLENCORE maintained its overall 2023 guidance for copper, zinc, coal and cobalt output but cut its outlook on nickel production due to maintenance and strikes,...
Kumba Iron Ore sales fall 12% in Q3 amid port breakdowns
IRON ore sales in the third quarter fell 12% year-on-year to 8.9 million tons (Mt), said Kumba Iron Ore, the Anglo American-owned company.
This was...
South32 manganese off to strong start but shipping backlogs loom
SOUTH32 said manganese ore production from its South African mines reported a strong start to its 2024 financial year but the Perth-headquartered business registered...