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Iron Ore News

ASA Metals' furnace

21st February 2003 Name of the project and location ASA Metals’ furnace, Steelport, Limpopo. Project description The project involves the expansion of ASA Metals’ plant, with the main component being the construction of a new furnace. Value R160-million. Duration The project will take about 14 months to... 

Final enviro deadline for new ferrochrome project

By: Deborah Spicer     21st February 2003 Interested and affected parties have until today (Feb 21) to voice any objections to the environmental-impact assessment (EIA) and the environmental management programme report (EMPR) submitted by Transvaal Ferro-Chrome for its Buffelsfontein project. 

Xstrata sets up committee to achieve BEE targets

By: Joanne Delaurentis     21st February 2003 London-listed diversified mining and metals group Xstrata claims to have taken a proactive approach to the industry requirements for black economic empowerment (BEE) laid out in South Africa’s new Mineral and Petroleum Resources Development Act and the subsequent Empowerment Charter... 

Court expected to make Anglo-IDC ruling next week

By: Martin Czernowalow     18th February 2003 The Competition Appeal Court is expected to deliver a judgement next week in the appeal by Anglo American against a decision to allow the State-owned Industrial Development Corporation (IDC) to challenge its acquisition of iron-ore interests. 

Limpopo furnace contract awarded

5th February 2003 Johannesburg-based smelting technology and equipment specialist, Pyromet Technologies, has been awarded the contract to design, construct and commission an additional submerged arc AC furnace at ASA Metals in Steelpoort, in Limpopo Province, as part of a R160-milion expansion. 

Brazilian major has a $1,8bn investment plan

By: Keith Campbell     31st January 2003 BRAZILIAN mining, logistics and energy group Companhia Vale do Rio Doce (CVRD), the world’s largest producer of iron-ore, has announced that it will invest a record $1,8-billion this year. 

BHP Billiton’s iron-ore export rises, cushions oil fall

30th January 2003 The world's largest diversified miner, BHP Billiton, said on yesterday iron-ore exports jumped in the second quarter on strong Asian demand, but dwindling flows from an ageing offshore oil field sapped oil output. 

Steel giant keen to participate in iron-ore expansion

By: Martin Czernowalow     24th January 2003 South Africa’s biggest steelmaker, Iscor, has already giving its former sister company, Kumba Resource, notice that it would like to participate in any of its expansion plans, as it will begin running short of iron-ore from next year. 

Tribunal to hear Anglo appeal in Kumba case next month

By: Martin Czernowalow     24th January 2003 The Competition Tribunal hearing into Anglo American’s acquisition of large stakes in Kumba Resources and Anglovaal Mining has been delayed again, with the matter being referred to the Competition Appeal Court once more. 

Steel giant keen to participate in iron-ore expansion

By: Martin Czernowalow     17th January 2003 South Africa’s biggest steelmaker, Iscor, has already giving its former sister company, Kumba Resource, notice that it would like to participate in any of its expansion plans, as it will begin running short of iron-ore from next year. 

Tribunal allows IDC to have say on iron-ore deals

30th December 2002 South Africa's Competition Tribunal said on Monday state-owned Industrial Development Corp can challenge a bid by Anglo American to acquire stakes in two mining companies to expand its iron ore operations. 

Anglo in fresh Kumba move

19th December 2002 Global diversified miner Anglo American Plc stepped up its bid for control of prized iron-ore producer Kumba Resources on Thursday by raising an option to acquire a stake in Kumba. 

State-Anglo in Kalahari iron-ore pact

17th December 2002 Global miner Anglo American Plc set the stage on Tuesday for the consolidation of South Africa's prized Kalahari iron ore assets, saying it had signed an agreement with the government to develop the fields. 

Miners ponder merger of iron-ore assets

13th December 2002 Negotiators haggling over the future of South Africa's prized iron-ore assets in the Northern Cape Province are considering a union or swap, a senior official of Anglovaal Mining said yesterday. 

Plan to boost iron-ore infrastructure

By: Terence Creamer     12th December 2002 Plans are under way to increase the handling capacity of the key iron-ore export infrastructure in the Northern and Western Cape. 

State, Anglo to sign iron-ore memorandum

10th December 2002 A memorandum of understanding (MOU) is expected to be signed soon between the government and mining giant Anglo American, covering the future development of the iron-ore industry in the Northern Cape. 

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... 

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