By: Terence Creamer
Steel producer ArcelorMittal South Africa (AMSA) signalled on Friday that it was aiming to reopen historically fraught iron-ore pricing negotiations with Kumba Iron Ore, with CEO Paul O’Flaherty describing the current cost-plus arrangement as unsustainable in light of dramatic declines in... →
By: Megan van Wyngaardt
Underground tunnel development at Southern Africa-focused diamond developer DiamondCorp’s Lace diamond mine, in the Free State, is proceeding slower than planned, owing to fractured ground close to old workings; however, the development work in the Upper K4 (UK4) block remains close to schedule... →
By: Natasha Odendaal
Southern African diamond development and exploration company DiamondCorp initiated the 47-level development activities at its R384-million Free State-based Lace diamond mine.
The JSE- and Aim-listed group said that, with the project now fully funded, it could expect first diamond recovery during... →