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Ferrous Metals
 
M&A

Chrometco to buy minority interests in Lime-Chem, Summer Season

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JSE-listed Chrometco has concluded subscription agreements to acquire 9,774% of the share capital in each of two exploration companies, namely Lime-Chem Minerals and Summer Season Trading 84. The existing shareholders of Lime-Chem Minerals and...
18th November 2009
 
 
CONTRACT NEGOTIATIONS

Brazilian unions approve 2yr Vale contract

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The world's second-biggest mining company, Vale SA, has concluded labour negotiations with its Brazilian unions, but remains at odds with workers at its Sudbury, Port Colborne and Voisey's Bay operations, in Canada. In Brazil, a deal was reached...
17th November 2009
 
 
IRON ORE

Vale says wants to start iron ore talks end-Nov

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Brazilian iron ore miner Vale said on Tuesday it wanted to start next year's benchmark iron ore negotiations by the end of this month. Renato Neves, president Vale International and Global Iron Ore Director, made the remark to journalists on the...
17th November 2009
 
 
IRON ORE

India's Tata Steel raising iron ore output - paper

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India's Tata Steel will invest about 11-billion rupees ($238-million) to raise its annual domestic iron ore production by 55% to 17-million tonnes over two years, the Business Standard reported on Tuesday. The move is aimed at insulating its...
17th November 2009
 
 
MINING EQUIPMENT

Barloworld sees mining-led sales recovery in second half of 2010 Video Available

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Barloworld CEO Clive Thomson Diversified industrial group Barloworld, which reported a 25% drop in operating profit to R1,9-billion for the year to September 30, 2009, said on Monday that it expected 2010 to be "another challenging year". Group revenue declined by 10% to...
16th November 2009
 
 
IRON ORE

Centrex inks sales deal with Chinese steel firm

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Australian iron-ore miner Centrex Metals has signed a five-year hematite ore sales agreement with Chinese company Shenyang Orient Iron & Steel. The sales agreement, along with a one year extension option, covered the sale of one-million tons a...
13th November 2009
 
 
FERROCHROME

Ongoing ferrochrome price rises expected in 2010 – IFM

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Increases in the price of ferrochrome are likely to be ongoing throughout 2010, says London-listed South African ferrochrome producer International Ferro Metals (IFM). IFM CEO David Kovarsky expects the upward trend to resume from the beginning...
13th November 2009
 
 
Mine Safety

Kumba Iron Ore’s Thabazimbi mine acquires slope stability radar unit

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South African iron-ore producer Kumba Iron Ore’s (KIO’s) Thabazimbi mine has recently celebrated two-years without a lost-time injury, with hopes of achieving this accolade for a third consecutive year.
13th November 2009
 
 
 
 
 
 
Ferrous Metals Multimedia
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Barloworld sees mining-led sales recovery in... Video
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Arm aiming for 100 000 t/y copper in 5 years Video
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Merafe expects short to medium-term ferrochrome... Video
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Barloworld still sees strong equipment demand... Video
6 000 jobs saved through 'cash-burn-avoidance'... Video
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Lower-cost, higher-capacity SA... Audio
Ontario fast-tracks mining law revamp... Audio
Cleveland-Cliffs to buy coal-miner... Audio
Kalagadi manganese project faces... Audio
Investment in South African mining... Audio