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Ferrous Metals
 
FERROCHROME

Merafe expecting 126% to 142% rise in half-year HEPS

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JSE-listed Merafe Resources on Monday said it expected its headline earnings per share (HEPS) for the six months ended June 30 to be between 126% and 142% higher year-on-year. This increase, which would bring the company’s half-year HEPS to...
28th July 2014
 
 
IRON-ORE

BC reports strong production quarter

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Iron-ore miner BC Iron has reported record full-year production at its Nullagine joint venture (JV) operation, in Western Australia, during the year ended June. The miner said on Monday that a 10% increase in ore mined during the three months to...
28th July 2014
 
 
DIVERSIFIED MINERS

Anglo CEO backs Ramaphosa’s strike ballot comments

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The introduction of a strike ballot process as suggested by Deputy President Cyril Ramaphosa would be a great step forward for industrial relations in South Africa, Anglo American CEO Mark Cutifani said on Friday. Cutifani was responding to a...
25th July 2014
 
 
FINANCIAL RESULTS

Anglo delivers ‘pleasing’ results despite headwinds

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Mark Cutifani Despite the headwinds faced by diversified miner Anglo American during the first half of the year, the group had delivered a “pleasing” performance at all its operations barring platinum. Anglo American CEO Mark Cutifani on Friday said the...
25th July 2014
 
 
IRON-ORE

Sundance inks Republic of Congo mining convention

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Iron-ore developer Sundance Resources has signed the Nabeba mining convention with the government of the Republic of Congo. The signing follows the issue of the mining permit, which was approved in December 2012, and outlines the fiscal and legal...
25th July 2014
 
 
CAPITAL RAISE

Pilbara raises cash for tantalum project

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ASX-listed Pilbara Resources has raised A$2.6-million through a share purchase plan (SPP) to advance the Tabba Tabba tantalum project, in Western Australia. The junior miner said on Friday that the SPP, which had closed on July 23, had raised...
25th July 2014
 
 
IRON-ORE

Brazil miner Vale posts record Q2 iron-ore production

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Brazilian miner Vale said on Thursday its iron ore output in the second quarter was a record high for the period, up 12.6% from a year earlier, as it ramped up production to win back market share from Australian rivals. Vale's preferred shares,...
25th July 2014
 
 
Ferrous Metals

Continuous product development necessary

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CONTINUOUS DEVELOPMENT
As part of product development, Sandvik’s considerations include the design of rotary bits with more operational flexibility
Considering some of the key challenges currently facing the iron-ore industry, there is a definite need for original-equipment manufacturers (OEMs) to focus on product research and development for specific customised products, says tooling,...
25th July 2014
 
 
 
 
 
 
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