India’s Sail eyes SA for 3mt steel plant
Steel Authority of India is planning to build four steel plants, one of which will be in South Africa, for $12bn, according to its chairperson.
IFM losses increase
IFM continues to battle with various technical issues which have kept it in the red despite rapidly improving market conditions for its main customers - the stainless steel producers.
Gold at 7-week peak amid Middle East unrest
Gold has risen to a seven-week high as spreading unrest in the Middle East burnished the metal's appeal as a safe-haven asset.
Harmony CEO sniffed out ‘hijacker’
Negotiations between Harmony Gold and junior mining firm Ngwenda Gold led to the discovery that Ngwenda had been hijacked, allegedly by a Canadian citizen.
Another mining company hijacked
A board of directors is seeking court redress after finding out its mining investment company had been hijacked.
AEMFC under fire over special treatment
More industry players are raising concerns that state-owned miner AEMFC is receiving preferential treatment from the department of mineral resources.
Anglo ‘paid too much’ for Minas Rio
Cost increases at Minas Rio may indicate that Anglo American CEO Cynthia Carroll has overpaid for the controversial iron ore project.
Avalloy seeks breakthrough year
Superalloy producer Avalloy says beneficiation and skills development are at the core of its growth strategy.
DMR audits Eskom’s bogus suppliers
The DMR is investigating a number of coal companies which had applied for mining rights under the pretext of supplying the resource to Eskom, but have been exporting it instead.
Anglo doubles profit, announces new JV
UPDATED: Anglo American has almost doubled its operating profit on the back of higher commodity prices as well as improved efficiencies, and will resume paying a final dividend.