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Iron Ore News

December date for new Anglo-Kumba hearing

By: Martin Czernowalow     29th November 2002 The Competition Tribunal is next month set to hear a second intervention application by the Industrial Development Corporation (IDC), which is seeking to partake in a Tribunal hearing into a corporate deal between miners Anglo American and Kumba Resources. 

Anglo's competition victory may be short-lived

By: Martin Czernowalow     19th November 2002 Though the Competition Appeal Court may have overruled decisions by the Competition Tribunal to allow the State-owned Industrial Development Corporation (IDC) to intervene in a corporate deal between miners Anglo American and Kumba Resources, the ruling is seen as little more than a “waste... 

Brazilian mining giant has global plans

By: Keith Campbell     15th November 2002 Brazilian mining group CVRD is planning to increase its mining prospecting and research budget to $60-million from this year’s $50-million, and the entire increase will be spent outside Brazil. 

Court overrules Tribunal in Anglo/Kumba case

15th November 2002 A South African court ordered the Competition Tribunal today (Friday) to reconsider a decision to allow the Industrial Development Corp (IDC) to challenge a deal between miners Anglo American and Kumba Resources. 

HBI Plant

8th November 2002 Name of the project and location Hot-briquetted iron (HBI) project, South Africa Project description The construction of a $350-million low-cost hot-briquetted iron (HBI) project is being promoted by Mintek. The proposed plant would convert three-million tons of iron-ore fines a year into... 

Saldanha and Qingdao sign sister agreement to promote iron-ore exports

5th November 2002 South African Mining group, Kumba Resources, reached another milestone when a delegation from Qingdao Port, in China, signed a cooperative agreement with the Port of Saldanha. 

Coke-oven repair

1st November 2002 Name of the project and location Coke-oven repair, Kwazulu-Natal. Project description Iron and steel maker Iscor is planning a project to repair coke ovens at its Newcastle long-steel products plant, aimed at reducing or replacing the company’s coke imports of about 130 000 t/y. What makes... 

Anglo appeals against IDC’s inclusion in Tribunal hearing

By: Martin Czernowalow     30th October 2002 The Competition Tribunal merger hearing, regarding Anglo American’s purchase of large stakes in Anglovaal Mining and Kumba Resources, will not take place in early November, following an appeal lodged by Anglo American. 

SA iron-ore group signs deal with Chinese port

30th October 2002 South African iron-ore giant, Kumba Resources has announced an extension to its agreement with the Qingdao Port Authority for the handling and use of iron ore stockpile facilities at Qianwan Port, in the city of Qingdao in Northern China. 

Competition body outlines scope of iron-ore hearing

By: Martin Czernowalow     23rd October 2002 The Competition Tribunal revealed the scope of intervention by the State-owned Industrial Development Corporation (IDC) in the up coming hearing regarding the purchase by Anglo American of large stakes in Anglovaal Mining and Kumba Resources. 

. . . new projects, acquisitions support internationalisation

By: Martin Zhuwakinyu     27th September 2002 Resources giant Anglo American spent $1,9-billion to acquire new assets in South Africa and in other regions of the world during the first half of this year. 

Stainless growth triggers new chrome outpour

By: Deborah Spicer     16th September 2002 Southern African ferrochrome producers are gearing themselves to enlarge their share of the global ferrochrome market based on a belief that the stainless-steel market, which consumes 78% of mined chromite ore, is set to grow. 

Financial adviser appointed to Oz iron-ore project

16th September 2002 Downs Holding, a subsidiary of Kumba Resources and Hancock Prospecting, has confirmed the engagement of Salomon Smith Barney, a member of Citigroup, as strategic and financial adviser in relation to the Hope Downs Iron Ore Project. 

Stainless-steel growth prospects trigger new chrome outpouring

By: Deborah Spicer     13th September 2002 Southern African ferrochrome producers are gearing themselves to enlarge their share of the global ferrochrome market based on a belief that the stainless-steel market, which consumes 78% of mined chromite ore, is set to grow. 

Marandoo, Australia

13th September 2002 Western Australia 

Kumba projects overview

6th September 2002 Name of the project and location Kumba projects overview. Worldwide. Project description Newly-formed South African resources company, Kumba Resources, has released details of 17 projects currently at various stages of development within Kumba. Four relate to the group’s main business or... 

SA iron-ore giant poised for growth

By: Irma Venter     30th August 2002 Currently the world’s fourth biggest seaborne trading iron ore producer, South Africa’s Kumba Resources is positioning to grow its global position. 

SA resources group has strong year, but cautious on 2003

23rd August 2002 South Africa's biggest iron ore producer Kumba Resources beat expectations with a 115% leap in financial year headline earnings on Thursday, boosted by record production, sales and a weaker rand. 

Good performance expected from unbundled mining, steel firms

19th August 2002 South Africa's biggest steel and iron ore producers Iscor and Kumba Resources are seen reporting a leap in annual earnings next week, reaping the rewards of their split and despite a firmer rand. 

Cisco upgrade

16th August 2002 Name of the project and location Cape Town Iron and Steel Works (Cisco) upgrade. Project description The upgrading of the existing 35 t electric arc furnace (EAF) at the Cape Town Iron and Steel Works. Value R50-million. Duration 18 months once approved. Description of main contracts Design,... 

Long-term iron-ore supply contract deal

5th August 2002 Another major milestone in Robe River Iron Associates' West Angelas project has been reached, with the conclusion of five-year full-scale contracts for West Angelas marra mamba iron ore with six Japanese steel mills. 

World iron-ore output falls

1st August 2002 A newly-released iron-ore market study for 2001 to 2003 – produced under a co-operative agreement between the UNCTAD Iron Ore Trust Fund and Raw Materials Group – has found that total world production of iron ore in 2001 was 931-million tons (Mt), a decrease of 3,1% over 2000, when... 

Progress on SA-linked Oz iron-ore project

19th July 2002 The Hope Downs Iron Ore project, 75 kilometres north-west of Newman in Western Australia’s Pilbara region – in which South Africa’s Kumba Resources is involved – has cleared another major hurdle in its path to development with the announcement yesterday of the delivery of... 

SA ferrochrome industry under review

By: candice haase     5th July 2002 A comprehensive study of the South African ferrochrome industry is being conducted by the Industrial Development Corporation (IDC), and is scheduled for release by the end of August, IDC executive vice president of the projects division Jaco Kriek tells Mining Weekly. 

Smelter's twin furnaces commissioned

By: candice haase     5th July 2002 The first of two 54 MVA closed-furnaces at SA Chrome’s new R700-million smelting plant was ready for hot-commissioning in early June 2002, allowing for the first ferrochrome to be tapped in the middle of that month. 

Finnish techno giant commits to project in the long term

By: candice haase     5th July 2002 Finnish technology supplier Outokumpu has committed itself to SA Chrome beyond its involvement in the engineering and supply of equipment and erection services for the construction of the smelter. 

Production achieves record month

21st June 2002 One of South Africa’s largest mining slurry-pump distributors, the CH Warman Pump group, has played a significant role in driving down costs at Assmang’s Beeshoek iron-ore mine in Kimberley. 

China’s iron-ore import surge continues

20th June 2002 The iron-ore story of the last few years has been the story of Chinese imports. While steel companies around the world have been rationalising, China’s steel-sector restructuring has centered on improving quality – a strategy that depends significantly on imported ores. 

Iron-ore giant settles 2002 prices

31st May 2002 Diversified miner BHP Billiton has reached agreement with both Nippon Steel Corporation and Kawasaki Steel Corporation for the prices of Mt Newman iron ore for the year starting April 1. 

State won't intervene in iron-ore fight

By: Terence Creamer     3rd May 2002 Trade and Industry Minister Alec Erwin says that government would only intervene in the dispute between the State-owned Industrial Development Corporation (IDC) and mining company Stimela if it felt that the fight could jeopardise the country’s iron-ore and steel ambitions. 

Mining giant's iron-ore output rises

24th April 2002 In its quarterly production report, Rio Tinto has indicated that its iron-ore production in the first quarter of this year was 9% higher than the same period in 2001. 

Erwin will not intervene in IDC-Stimela scrap just yet

19th April 2002 Trade and Industry Minister Alec Erwin says that government would only intervene in the dispute between the State-owned Industrial Development Corporation (IDC) and mining company Stimela if it felt that the fight could jeopardise the country‚s iron-ore and steel ambitions. 

IDC has iron-ore consolidation plans

18th April 2002 The Industrial Development Corporation (IDC) issued a statement that the consolidation of the steel industry is well advanced, with the successful Iscor rights issue last week. 

450 000 rail sleepers get empowered

5th April 2002 The specialist business unit of Spoornet responsible for the transportation of iron-ore, Orex, has awarded its biggest empowerment contract yet to Sibanye, a black-owned contracting company from Vredenburg, in the Western Cape. 

$564m iron-ore project for Oz

4th April 2002 Diversified miner BHP Billiton unveiled a $564-million plan to develop a new iron-ore mine backed by South Korean steel maker Posco and expand its port facilities to seal its place as a world iron-ore giant. 

Iron-ore giant's rail allocation set at 23,5m tons

4th April 2002 Metals and mining firm Kumba and Transnet have announced the signing of a landmark agreement to support future iron ore throughput on the Sishen-Saldanha railway line, the mainspring of South Africa’s iron-ore export business. 

Still no deal on coal, iron-ore contract prices

3rd April 2002 Australia’s huge coal and iron-ore export trade to Japan has ticked over into stopgap provisional prices because of a three-month standoff over contract prices for 2002/3. 

Malawi to hold mining exhibition

By: Marcel Chimwala     29th March 2002 MALAWI - Malawi will hold a mining exhibition from July 25 to 27 in its commercial capital Blantyre to allow local and international mining companies sample the mineral potential of the country. The theme of the exhibition is mining for economic diversity. 

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