ArcelorMittal SA seeks quick end to price row
ArcelorMittal South Africa seeks a quick end to a price row with Kumba Iron Ore and maintains a focus on growing in Africa.
China steel sector ripe for consolidation
China's steel industry is ripe for consolidation in coming years, but the process elsewhere has largely run its course, says the head of ArcelorMittal , the world's largest steelmaker.
Lonmin swings to profit in first half
Lonmin has reported an about turn in half year profits by posting first half earnings per share of 15.5 US cents, compared to a first half loss per share of 67.9 US cents for the first half of the previous year.
Shanduka seizes control of Incwala
Shanduka Resources is to pay R2.8bn in cash and debt in return for a 50.03% stake in Incwala Resources, the struggling empowerment initiative first rolled out by Lonmin in 2004.
Anglo sells zinc assets in $1.3bn deal
Anglo American took another step in a strategy to divest of non-core assets agreeing to sell its zinc mines in southern Africa and Europe for $1.3bn to India focused base metals group, Vedanta.
Samancor suspends ops after two die
Samancor Chrome, the world's second largest ferrochrome producer, has shut down mine
operations following a blast incident that claimed two lives.
Tsodilo gains a BRC DiamondCore executive
Michiel de Witt joins a junior Canadian diamond and base metals exploration firm, Tsodilo. His future with BRC DiamondCore, where he is president, is not entirely clear cut.
De Beers to cut Finch staff by 40 pct
De Beers is to retrench 350 of the 870 workers at its Finch diamond mine in South Africa.
Platmin raises $250m of new equity
Platinum junior Platmin, which is developing mines in South Africa, has raised $250m in new equity.