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‘Fair’ steel pricing model will cap good-times upside, offer bad-times collar

By: Terence Creamer     Updated 14 minutes ago Embattled South African steel producer ArcelorMittal South Africa (AMSA) has offered insight into the “fair pricing model” it has tabled before government in return for tariff protection and a government stipulation that locally manufactured steel be designated for used public infrastructure... 

‘Fair’ steel pricing model will cap good-times upside, offer bad-times collar

Nevsun lowers 2015 guidance

By: Natasha Odendaal     Updated 26 minutes ago TSX- and NYSE-listed Nevsun Resources on Friday revised its 2015 production guidance downwards to 140-million to 150-million pounds of copper owing to unplanned plant stoppages during the first half of the year. Output from the Vancouver-headquartered firm’s Bisha mine, in Eritrea, had been hit... 

Mining boom bolsters explosives, chemicals markets – research firm

By: Megan van Wyngaardt     Updated 34 minutes ago The rapid growth of Africa’s mining industry, and particularly in Central Africa, is being mirrored in the mining explosives and chemicals market, research firm Frost & Sullivan reports. Through new analysis, the firm has found that almost 65% of major and minor mining firms in the region... 

SocGen says miners' output costs have dropped more than expected

By: Reuters     Updated 1 hour 19 minutes ago Miners' output costs have dropped more than industry consensus due to lower energy prices and weak emerging market currencies, a report by Societe Generale showed, suggesting metals prices have further to fall before miners are forced out of business. The prices of many metals are still around... 

Gold miners expect feedback on final wage offer by next week

By: Megan van Wyngaardt     Updated 1 hour 32 minutes ago Representative unions in the gold mining industry – the Associations of Mineworkers and Construction Union, the National Union of Mineworkers, Solidarity and UASA – are expected to revert back to the Chamber of Mines (CoM) in the next week, on whether their members accept gold producers’ final... 

Gold miners expect feedback on final wage offer by next week

Peak Resources sees bright future for Tanzania magnet metals project

By: Chanel de Bruyn     Updated 1 hour 58 minutes ago A focus on high-value rare earths and the use of a tailor-made beneficiation process bodes well for Tanzania-focused Peak Resources. The ASX-listed company is developing the Ngualla rare earths project, which contains high-grade neodymium and praseodymium mineralisation. 

Peak Resources sees bright future for Tanzania magnet metals project

Mashile-Nkosi chosen as business leader of the year

By: Natasha Odendaal     Updated 2 hours 4 minutes ago Kalagadi Manganese executive chairperson Daphne Mashile-Nkosi has been recognised for her business acumen and ability to execute successful business strategies. She was this week bestowed the 2015 Africa Female Business Leader of the Year Award and a special commendation award by Pan-African... 

AMSA flags iron-ore import plan as it seeks new pricing deal with Kumba

By: Terence Creamer     Updated 2 hours 24 minutes ago Steel producer ArcelorMittal South Africa (AMSA) signalled on Friday that it was aiming to reopen historically fraught iron-ore pricing negotiations with Kumba Iron Ore, with CEO Paul O’Flaherty describing the current cost-plus arrangement as unsustainable in light of dramatic declines in... 

AMSA flags iron-ore import plan as it seeks new pricing deal with Kumba
Photo by Duane Daws
ArcelorMittal South Africa CEO Paul O’Flaherty

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