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Metals
 
STEEL

JSE questions ArcelorMittal SA

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ArcelorMittal's South Africa unit said it was answering questions from the Johannesburg Stock Exchange (JSE) about why it had delayed making public a change in its iron ore supply deal. ArcelorMittal South Africa informed the market on February...
By: Reuters
09 Mar 10
 
 
IRON-ORE DISPUTE

Department of Mineral Resources still mum on Sishen mine rights

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A full week after Sishen Iron Ore Company (SIOC) announced the cancellation of a cost plus 3% iron-ore supply agreement with ArcelorMittal South Africa regarding material produced at the Sishen mine, and the Department of Mineral Resources (DMR)...
By: Terence Creamer
05 Mar 10
 
 
STEEL

ArcelorMittal SA unit shares fall 24%

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Shares in the South African unit of ArcelorMittal fell 24% on Wednesday after resuming trading following Friday's cancellation of a preferential iron ore supply deal. The stock fell on concerns raised by analysts that the group faces increased...
By: Reuters
03 Mar 10
 
 
CORPORATE DISPUTE

ArcelorMittal SA unit shares seen down 30%

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Shares in the South African unit of ArcelorMittal were set to fall sharply on Wednesday when they are expected to resume trading after last week's cancellation of a preferential iron ore supply deal. The steelmaker requested the JSE Securities...
By: Reuters
03 Mar 10
 
 
STEEL

Highveld mulls sale of Mapochs iron-ore to third parties Video Available

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Evraz international operations head Pavel Tatyanin Vertically-integrated steel and vanadium producer Highveld was considering developing its Mapochs iron-ore mine into an "independent mining play", potentially releasing it to sell production to customers other than its Mpumalanga-based steel plant...
By: Terence Creamer
02 Mar 10
 
 
CORPORATE DISPUTE

Kumba outlines why ArcelorMittal SA should pay commercial ore prices

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South African iron-ore miner Kumba Iron Ore (KIO) has not terminated its iron-ore supply agreement with ArcelorMittal South Africa, but has simply tendered to supply the material on commercial terms, owing to the fact that the steel group failed...
By: Terence Creamer
01 Mar 10
 
 
STEEL

Highveld Steel announces new CEO

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South African steel producer Highveld Steel & Vanadium has appointed Scott MacDonald as its new CEO, following the resignation of Walter Ballandino in February. Highveld board chairperson Bheki Shongwe said MacDonald had strong support from the...
By: Loni Prinsloo
01 Mar 10
 
 
CORPORATE DISPUTE

ArcelorMittal SA holds March steel prices, confirms two-month ore inventories

0 COMMENTS
Embattled South African steel producer ArcelorMittal South Africa, which requested the JSE to suspend trading in its shares until Wednesday after Sishen Iron Ore Company (SIOC) "cancelled" a favourable supply deal, has confirmed with Engineering...
By: Terence Creamer
01 Mar 10
 
 
 
 
 
 
 
Metals Multimedia
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Highveld mulls sale of Mapochs iron-ore to... Video
Steel fabricator opens upgraded Vanderbijlpark... Video
Restocking to drive steel demand recovery in Q1 Video
Gear maker establishes service centre in... Video
ArcelorMittal sees slight demand upturn in Q1,... Video
Infrastructure focus must shift from supply... Video
Metals sector's apprentice intake breaches 4... Video
2010 FIFA World Cup stadiums to cost extra R2bn Video
ArcelorMittal SA expects profits to improve on... Video
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Highveld Steel to make cogen proposal... Audio
Another construction-related firm... Audio
 
 
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