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Topic - Thabazimbi Mine
Nov 06, 2015
Aug 05, 2015
Steel product manufacturer Scaw Metals Group announced on Wednesday that the company was contemplating restructuring and had issued a notice in terms of Section 189A of the Labour Relations Act, which could result in a reduction in employee numbers. "This unfortunate...
Jul 21, 2015
Jul 21, 2015
Norman Mbazima
The earnings of South African iron-ore major Kumba plummeted in the six months to June 30 accompanied by a shattering of the iron-ore price, the closing of Thabazimbi mine, a rejigging of the remaining mines and a decision not to declare an interim dividend in a...
Jul 16, 2015
Kumba Iron Ore has started a Section 189 consultation process with unions regarding the closure of its Thabazimbi mine, in Limpopo, which will affect about 800 employees and 360 contractors. The mine was more than 80 years old and its closure had been postponed six...
Apr 23, 2015
JSE-listed Kumba Iron Ore’s production for the first quarter ended March increased 7%, to 12.2-million tons, on the 2014 comparative period, declining 2% quarter-on-quarter. The company highlighted that its total export sales volumes increased by 22% year-on-year,...
Feb 10, 2015
In light of low iron-ore prices, JSE-listed Kumba Iron Ore was reviewing options for its Thabazimbi mine. Speaking at the company’s year-end results, in Sandton, on Tuesday, Kumba CE Norman Mbazima said that, under the circumstances, the mine was “just not making...
Feb 10, 2015
Oct 23, 2014
Sep 01, 2014
Jul 23, 2014
Jul 22, 2014
Jul 22, 2014
Kumba CEO Norman Mbazima
The operational profit of JSE-listed Kumba Iron Ore fell 14% in the six months to June 30 on lower exports and the cost of increased mining activities. But revenue was up mainly on currency weakness and Kumba maintained its interim cash dividend of R5-billion, which...
Feb 07, 2014
Nov 07, 2013
South Africa’s largest steel producer ArcelorMittal South Africa (AMSA) continued its recovery in the third quarter from a miserable first quarter, which was affected by a fire at its Vanderbijlpark mill, on the back of greater operational stability. However, it...
Oct 18, 2013
Kumba Iron Ore’s third-quarter production decreased by 24% on the comparable prior year’s quarter to reach 9.5-million tons, as output from the company’s Sishen mine was hindered by ongoing pit constraints and a section 54 regulatory stoppage in August. The...
Aug 08, 2013
Jul 18, 2013
JSE-listed Kumba Iron Ore on Thursday reported a marginal year-on-year decline in second-quarter production, but its quarter-on-quarter performance had improved substantially, as its Sishen mine improved production rates following a strike in late 2012. The iron-ore...
Apr 19, 2013
JSE-listed Kumba Iron Ore’s output for the quarter ended March 31 was 15% higher quarter-on-quarter at 10.34-million tons, owing to improved production at its Sishen mine and good performance at its Kolomela mine, both in the Northern Cape. Although production at...
Feb 06, 2013
Feb 06, 2013
Steel group ArcelorMittal South Africa (Mittal) slumped to a R518-million headline loss for the year ended December 31, 2012, on weak market conditions – a sharp pullback from the headline loss of R52-million recorded in the previous financial year. The final quarter...
Jan 25, 2013
JSE-listed Kumba Iron Ore on Friday reported a 19% year-on-year drop in fourth-quarter output to nine-million tons, mainly as a result of an illegal strike at the Sishen mine.Fourth-quarter output was also 28% lower than that of the third quarter of 2012.
Jul 25, 2012
JSE-listed steel producer ArcelorMittal South Africa (Mittal), which is currently exploring an as-yet-unnamed iron-ore resource in the Northern Cape, hopes to begin mining on the property by 2015, partly in a bid to close an anticipated supply gap that would arise...
Apr 19, 2012
JSE-listed Kumba Iron Ore increased its March quarter production by 15% year-on-year to 10.1-million tons, aided by the ramp up of its new Northern Cape iron-ore mine. The Anglo American subsidiary said the Kolomela mine, near Postmasburg, added 1.5-million tons to...
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