Mittal sets aside more than R20m to explore N Cape iron-ore prospect

JSE-listed steel producer ArcelorMittal South Africa (Mittal) has confirmed the acquisition of nearly 20% of an iron-ore exploration project in the Northern Cape province. CE Nonkululeko Nyembezi-Heita reported on Thursday that early stage...

Company Announcement: Exxaro and Tata Power form JV company

South African-based diversified resources company Exxaro Resources Limited (Exxaro) and The Tata Power Company Limited (Tata Power), of India, through its subsidiary Khopoli Investments, have formed a 50:50 joint venture to create a new energy...

Kilbride appointed chair of Continental Coal

Mike Kilbride has been appointed independent nonexecutive chairperson of Africa-focused coal mining investment and production company Continental Coal.

Sishen Expansion Project, South Africa

The project will apply jig technology to extract 13-million tons a year of additional saleable ore from 21-million tons a year of feedstock.

Company Announcement: Export Operations Continue to Exceed and Corporate Update

Focused coal mining investment and production company Continental Coal Limited (“Continental” or the “Company”) is pleased to provide an update to shareholders on the continued strong performance of export focused thermal coal mining...

Erection of Sishen pilot plant is progressing well

Mining and minerals project house TWP, a subsidiary of the Basil Read group, reports that the erection of the Sishen expansion project (SEP) 1B beneficiation pilot plant at iron-ore producer Kumba Iron Ore’s Sishen mine, in the Northern Cape,...

Exxaro bid for African Iron ASX’s worst-kept secret

Exxaro’s February 14-deadlined cash offer for the ASX-listed African Iron turned out to be one of the ASX's worst kept secrets. It was splashed over the global media a good two days before the official announcement. Even Mining Weekly Online...

Transnet expects to rail 70Mt of coal, Exxaro plays its iron-ore card, Mboweni brothers in iron-ore BEE

South Africa’s State-owned freight logistics group Transnet says that it is on track to deliver between 70-million and 72-million tons of coal to the Richards Bay Coal Terminal (RBCT) by its financial year-end on March 31; black-owned...

Exxaro bid puts Republic of Congo on iron-ore map

South Africa’s black-controlled diversified mining company Exxaro Resources is putting the Republic of Congo (RoC) on the map as a new African iron-ore development frontier with its R3-billion (A$338-million) cash takeover offer of African...

6 000 worker shareholders become half millionaires overnight

Six thousand two hundred and nine worker shareholders of JSE-listed Kumba Iron Ore each became pretax half millionaires on Tuesday. The R2.7-billion payout is the first phase of employee share ownership plan (Esop) with the second five-year phase...

Company Announcement: BEE success for Kumba's Envision Scheme with milestone cash return for employees

Kumba’s broad based employee share scheme valued at R2.665bn at first five year close

Company Announcement: Agreement executed with broad based black economic empowerment partner with initial R140m capital

Transaction with SIOC-cdt positions Continental for significant growth and enhanced opportunities in South Africa