R/€ = 16.32 Change: -0.02
R/$ = 14.32 Change: 0.01
Au 1405.28 $/oz Change: 21.20
Pt 814.61 $/oz Change: 11.02


Rio and ArcelorMittal tell different sides of iron-ore story

By: Bloomberg     21st June 2019 In the world of metals and mining, sometimes it’s better to sell the raw product rather than the finished one. This seems to be a lesson for investors who chose to hold shares in ArcelorMittal rather than Rio Tinto Group this year. Despite nagging trade tensions and fears about global growth,... 

Company expands and increases production

By: Khutso Maphatsoe     21st June 2019 Manufacturer Impala Bolt & Nut recently initiated an expansion programme to increase its warehouse and production facilities by nearly 3 000 m2.   The investment includes new plant and equipment, testing facilities and the implementation of a QR code product identification system to ensure... 

Rio Tinto renews work on giant Guinea iron-ore deposit

By: Bloomberg     20th June 2019 Rio Tinto Group is looking at new ways to develop the giant Simandou iron-ore deposit in Guinea that it almost sold last year, according to people familiar with the matter. Simandou is one of the world’s biggest untapped mineral deposits, but has a controversial past. For more than a decade, it... 

Canada invests in Alcoa aluminium plant upgrades

By: Creamer Media Reporter      19th June 2019 The government of Canada has made a C$10-million investment in an C$85-million project that will support 520 jobs at aluminium giant Alcoa’s Deschambault-Grondines plant, in Quebec. The investment would help Deschambault-Grondines to innovate by acquiring new technology that will help it... 

ArcelorMittal boss says EU must respond further to Trump's steel tariffs

By: Reuters     12th June 2019 Europe urgently needs to take further measures to offset the impact of import tariffs imposed by US President Donald Trump, the chief executive of steelmaker ArcelorMittal told a German newspaper in an interview published on Wednesday. The European Commission is currently reviewing its... 

Poland sacks CEO of State-run coal miner JSW, shares tumble

By: Reuters     12th June 2019 The CEO of Polish State-run coking coal producer JSW was sacked by the energy ministry on Tuesday following a dispute over strategy. Shares in the company fell more than 6% on the news, which added to broader investor concerns that Poland's government is interfering in state-run and listed... 

Guinea iron-ore prospectors set sights on ArcelorMittal rail

By: Reuters     6th June 2019 The race to mine Guinea's iron-ore has started although the focus is not on its giant Simandou deposits but on smaller finds whose output could be transported via Liberia if ArcelorMittal shares its railway, banking and industry sources said. Guinea's aspirations to develop Simandou, the world's... 

EU needs to act on steel imports in wake of US tariffs – industry

By: Reuters     4th June 2019 Steel is being diverted to Europe as a result of US 25% tariffs and the European Union needs to act, European steel industry chiefs say a letter sent to EU leaders and EU institutions. There has been a sudden downturn in the European steel industry's prospects, underpinned by long-term trends, 45... 

AMSA to face emissions charges 

By: Reuters     3rd June 2019 ArcelorMittal South Africa said on Monday it had received a summons instituting criminal proceedings for three charges relating to transgressions of its atmospheric emissions licence at its Vanderbijlpark operations. The charges relate to allegedly conducting certain activities without the... 

Billionaire Friedland close to deal with BHP on Guinea iron-ore

By: Bloomberg     17th May 2019 Billionaire mining investor Robert Friedland is close to a deal to take over an iron-ore deposit in Guinea from owners including BHP Group, according to people familiar with the situation. Friedland is in advanced talks with BHP, Newmont Goldcorp and Areva, that will see him move to develop the... 

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