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AMSA flags iron-ore import plan as it seeks new pricing deal with Kumba

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... 

Lace underground tunnel development slower than planned

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... 

DiamondCorp starts Lace diamond mine development

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... 


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R/€ = 15.22Change: 0.03
R/$ = 14.37Change: 0.01
Au 1055.79 $/ozChange: -2.09
Pt 827.50 $/ozChange: -8.00
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