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SA govt says Kumba, Amsa will settle

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Kumba Iron Ore and ArcelorMittal SA "committed themselves" to finding a settlement, says a spokesman for South Africa's trade and industry department.

Aquarius Platinum shares plunge

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Shares in Aquarius Platinum dropped sharply in early trading on the JSE on Monday morning in response to the stringent safety directive slapped on the company by the Department of Mineral Resources.

Amsa warns of beneficiation review

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ArcelorMittal SA has warned that the government's mineral enrichment plans will need a complete review if the steelmaker can no longer receive lower than market prices for iron ore.

Uranium output on the up

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Namibia's total uranium output rose 4% in the second quarter of 2010 compared with the first three months of the year, data showed.

Kumba, Arcelor set for Monday pow-wow

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Kumba Iron Ore and ArcelorMittal SA will convene an emergency meeting to help save the country's steel production after government's trade and industry minister Rob Davies stepped into the fray.

New safety rules for platinum mines

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The Department of Mineral Resources has imposed tough new restrictions on mechanised platinum mines just hours after the chief inspector of mines said this was not on the cards.

Rockwell Q1 revenue up 118pct to C$8.5m

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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.

ArcelorMittal to close Saldanha plant

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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.

Aquarius told to reduce bord widths

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Mining group Aquarius Platinum says its subsidiary Aquarius Platinum has received an instruction that all mechanised bord-and-pillar mines in the North West region are to revise their mine Codes of Practice.

Kumba foists price hike on Arcelor

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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.