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Iron-ore
 
Iron-ore

Waning interest in African greenfield iron-ore projects Restricted

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INVESTOR INTEREST
West African iron-ore projects that have clear and short-term access to the iron-ore market continue to attract attention
Surging growth in demand for iron-ore from China drove prices up during the early 2010’s, which led to a significant upswing in greenfield exploration programmes and such programmes were largely high-grade direct shipping ore (DSO) projects in...
25th July 2014
 
 
IRON-ORE

Kumba’s cash return to black shareholders Video Available Restricted

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Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about Kumba Iron Ore subsidiary Sishen Iron Ore Company's R1.8-billion return to its black economically empowered entities.
24th July 2014
 
 
IRON

Brazil's Usiminas posts profit short of expectations Restricted

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Brazilian steelmaker Usiminas on Thursday reported a lower-than-expected quarterly profit as iron-ore prices fell and flat steel demand faltered. Usinas Siderúrgicas de Minas Gerais, as the company is formally known, posted second-quarter net...
24th July 2014
 
 
MINING SERVICES

Mining project studies on the increase – DRA Video Available Restricted

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Martin Creamer and DRA CEO Paul Thomson The awarding of studies for potential mining projects is on the increase, says DRA CEO Paul Thomson, who spoke to Mining Weekly Online on the eve of his company’s thirtieth anniversary celebrations. The head of the 3 000-employee project house,...
24th July 2014
 
 
IRON-ORE

Atlas eyes up to A$80m/y in cost savings Restricted

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Iron-ore miner Atlas Iron is targeting production of 13-million tonnes during the 2015 financial year, MD Ken Brinsden said on Thursday, also revealing that the company would undertake a cost-cutting initiative to save between A$50-million and...
24th July 2014
 
 
IRON-ORE/COAL

Beleaguered Cliffs posts Q2 loss, beats expectations Restricted

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US iron-ore and coal producer Cliffs Natural Resources, which is locked in a proxy fight with an activist shareholder for control of the board, on Wednesday reported a net loss for the three months ended June 30, as lower iron-ore and...
24th July 2014
 
 
IRON-ORE

Kumba’s cash return to black shareholding now at astounding R23bn Video Available Restricted

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The cash return of Anglo American’s Kumba Iron Ore to its black shareholding since Kumba’s listing on the Johannesburg Stock Exchange in 2006 has risen to R23.5-billion, Kumba CFO Frikkie Kotzee revealed this week. Kumba subsidiary Sishen Iron...
23rd July 2014
 
 
IRON-ORE

Iron Road looks to optimise Central Eyre Restricted

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Iron-ore developer Iron Road has undertaken an optimisation study on its flagship Central Eyre project, in South Australia, with the aim of increasing production from 21.5-million tonnes a year to 24-million tonnes a year. A previously conducted...
23rd July 2014
 
 
 
 
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