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FERROCHROME

Merafe output falls 21% on maintenance, power deals

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South African ferrochrome producer Merafe Resources said Wednesday that its production volumes for the first quarter of 2012 were down 21% from the 2011 comparative period. Production declined to 65 000 t compared with 82 000 t in the previous...

By: Idéle Esterhuizen

2nd May 2012

PEOPLE

African Minerals CEO steps down after 3 yrs

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African Minerals surprised the market on Tuesday when it said CEO Alan Watling intended to retire after just three years at the helm, following completion of an early stage in its key Sierra Leone iron-ore project. News of Watling's planned...

By: Reuters

2nd May 2012

TUNGSTEN

First tungsten from S Korea in 2013 - Woulfe

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South Korea-focused Woulfe Mining would likely start production at its Sangdong tungsten/molybdenum project by mid-2013, president and CEO Brian Wesson told Mining Weekly Online on Tuesday. A recently completed feasibility study found that a...

By: Esmarie Swanepoel

1st May 2012

MAGNETITE

Southdown DFS ups capex costs

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The capital expenditure costs for magnetite producer Grange Resources’ proposed Southdown project, in Western Australia, have surged from A$2.5-billion to A$2.8-billion. “The capital costs estimates are in line with expectations and the...

By: Esmarie Swanepoel

1st May 2012

STEEL

Global steel consumption growth to slow in 2012

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The World Steel Association (worldsteel) is forecasting global steel consumption growth to slow to 3.6% in 2012, from 5.6% in 2011, as China enters a less steel-intensive growth phase and eurozone debt crisis uncertainties continue to persist....

By: Idéle Esterhuizen

30th April 2012

iRON ORE

Ferrum says updated Moonlight estimate nearing completion

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ASX- and JSE-listed iron-ore developer Ferrum Crescent said on Monday that it would soon publish an updated resource estimate for its flagship Moonlight project, in Limpopo. The project is located on the three farms Moonlight, Julietta and Gouda...

By: Idéle Esterhuizen

30th April 2012

M&A

POSCO to sell $317m stake in Roy Hill to China Steel

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South Korean steelmaker POSCO said on Friday it will sell part of its stake in Roy Hill Holdings to China Steel Corporation for 359.9-billion Korean won ($316.7-million). After the deal, POSCO will hold a 12.5% stake in the Australian iron ore...

By: Reuters

27th April 2012

IRON-ORE

Atlas spends A$672m on new mine developments

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Iron-ore miner Atlas Iron was gearing up to start construction on its Abydos mine later this month, while development of its Mount Dove project was earmarked for June. MD Ken Brinsden said in a conference call on Friday that with the Mount Dove...

By: Esmarie Swanepoel

27th April 2012

Topics in these articles

City	Company	Currency	Industry Term
Johannesburg London Perth Polokwane SEOUL	Eskom Merafe Resources African Minerals Fortescue Renaissance Capital SNC Lavalin International Metalworking Companies Grange Resources Southdown Ferrum Crescent Mineral Corporation Steel Industrial Corporation China Steel Corporation POSCO Roy Hill Holdings Atlas Iron	USD Pence CAD AUD KRW	Electricity Buy-back Programme Ferrochrome Producer Iron-ore Miner Magnetite Producer Steel Apparent Steel Use Real Estate Bubble Steel Consumption Steel Demand Steel Use Iron-ore Developer
Country	Natural Feature	Person	Region
Sierra Leone Korea South Korea Brazil China India Japan Thailand United States	Sierra Leone Mount Dove	Alan Watling Frank Timis Jim Taylor Brian Wesson Russell Clark DRAG ON Hans Juergen Kerkhoff Gouda Fontein Julietta Fontein Ken Brinsden	West Africa Middle East North Africa
Facility	Market Index	Continent	Province Or State
Sangdong Mine Albany Port Abydos Mine	TSX	Australia South America	Western Australia