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Iron-ore
 
IRON-ORE

LIM focused on development this year as it rides out low-price market Restricted

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Seasonal iron-ore miner Labrador Iron Mines (LIM) this week said in the face of a 30% drop in 62% iron-content iron-ore prices from January to June, it had not started mining operations this summer season, opting instead to focus on development...
1st August 2014
 
 
STEEL

O’Flaherty outlines ‘production first’ strategy for steel group Video Available Restricted

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ArcelorMittal South Africa CEO Paul O’Flaherty Newly appointed ArcelorMittal South Africa (AMSA) CEO Paul O’Flaherty delivered an unambiguous ‘production first’ message in his inaugural interaction with the investment community on Friday, saying his management team was committed to “fill the...
1st August 2014
 
 
STEEL PROJECTS

AMSA to take $20m knock on Newcastle delay Restricted

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Steel producer ArcelorMittal South Africa (AMSA) has confirmed that the reline project at its Newcastle mill, in KwaZulu-Natal, has hit snags and that the project, which was initially expected to be completed four months after the May 12 shutdown...
1st August 2014
 
 
IRON-ORE

Gindalbie reviews value of Karara stake Restricted

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Iron-ore miner Gindalbie Metals has called a halt to its share trading after revealing that it had commissioned an independent review into the value of its shareholding in the Karara asset, in Western Australia. The review was called in light of...
1st August 2014
 
 
IRON-ORE

Anglo, Kumba pull out of Gabon iron-ore funding Restricted

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Aim-listed Ferrex is on the hunt for another strategic funder for its Mebaga iron-ore project, in Gabon, after a proposed funding transaction with Anglo American and Kumba Iron Ore dissolved this week. The iron-ore and manganese development...
31st July 2014
 
 
LABOUR

Kumba, unions sign three-year wage deal Restricted

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Kumba Iron Ore and trade unions, the National Union of Mineworkers (NUM) and Solidarity, have signed a three-year wage agreement that would result in increases of between 8.5% and 10% in the first two years and between 7.5% and 9% in the third...
31st July 2014
 
 
IRON-ORE

Ferrum continues talks for BFS funding Restricted

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Despite halting the start of the bankable feasibility study (BFS) for the Moonlight iron-ore project until sufficient funding had been negotiated, triple-listed Ferrum Crescent continued to map out the work planning programme. During the June...
30th July 2014
 
 
IRON-ORE

NSL restarts beneficiation plant in India Restricted

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ASX-listed junior NSL Consolidated has restarted its dry beneficiation plant in India, with first iron-ore sales expected before the end of the September quarter. In May this year, NSL announced a two-phase plan for its dry beneficiation plant...
30th July 2014
 
 
 
 
 
 
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London Mining expects iron-ore prices... Audio
Ontario fast-tracks mining law revamp... Audio
Cleveland-Cliffs to buy coal-miner... Audio
Investment in South African mining... Audio