ArcelorMittal to close Saldanha plant
Steel producer ArcelorMittal is planning the immediate closure of its Saldanha Bay plant in a hard line response to Kumba Iron Ore's pricing demands.
Kumba foists price hike on Arcelor
Kumba Iron Ore turned up the heat in its iron ore dispute with ArcelorMittal asking the steelmaker to accept higher prices for its product, or suffer the consequences.
Rockwell Q1 revenue up 118pct to C$8.5m
Mid-tier diamond producer Rockwell Diamonds has reported a 118% increase in first quarter revenue from rough diamond sales to C$8.5m from C$3.9m previously.
Bullish outlook for coking coal
MF Global reckons the coking coal market has better fundamentals than the iron ore market and Mozambique stands to benefit significantly but only when the required infrastructure is provided.
NUM overwhelmingly rejects Kumba’s wage offer
The National Union of Mineworkers says thousands of its members had "overwhelmingly" rejected Kumba Iron Ore's wage offer.
Highveld Q2 hot metal output jumps
Highveld Steel and Vanadium, SA's second-largest steel producer, has reported a 19.1%
increase in year-on-year production in the second quarter of 2010.
IFM: no fall in ferrochrome Q4 contracts price
An end to de-stocking coupled with rising demand will ensure ferrochrome contract prices do not fall below current levels for the fourth quarter, International Ferro Metals says.
Absa raises R128m bond issue for Simmers
Absa Capital has raised R128m in a high yield, unrated bond issuance for Simmer & Jack Mines.
Merafe to return to the black
Merafe Resources said on Thursday it expected to report a return to black for the six months to the end of June.
Northam, Jubilee to explore furnace plan
Northam Platinum and Jubilee Platinum have agreed to explore development of a 'ConRoast' facility in the first step to developing another source of furnace capacity in South Africa's platinum industry.