Bloomberg cited LLX Logistica SA, the Brazilian port operator headed by billionaire Mr Eike Batista saying that the most in a week after agreeing to lease space at its Acu complex to the local unit of French steel pipe maker Vallourec SA. ...
Tags: LLX Logistica SA, steel pipe, steel market, steel
Reuters quoted Anglo American Plc as saying that an injunction blocking installation of an electricity transmission line at its Minas-Rio iron ore project in Brazil has been lifted, clearing the final hurdle for the project. A ...
Tags: Anglo American Plc, iron ore, mine
America may be the largest consumer of diamonds today but the focus is now being shifted to Asia which could overtake the US by the end of this decade. Rapid growth of consumers in China and India is helping now to drive a rebound from the ...
Tags: consumer of diamonds, consumers in China, economic downturn, America
French cement maker Lafarge is looking to sell its controlling stake in its South Korean subsidiary Lafarge Halla Cement Co, according to South Korean online media Edaily. The French company, which controls about 90% of its Seoul-based ...
Tags: Lafarge, controlling stake, cement market, company news
A consortium of Chinese and South African entities has agreed to purchase the 74.5% interest in South African copper producer Palabora Mining currently held by major miners Rio Tinto and Anglo American. The transaction in which Rio Tinto ...
Tags: copper stake, copper, copper producer, refined copper
Bloomberg reported that Hebei Iron & Steel Group led a group including Industrial Development Corp of South Africa Ltd in agreeing to buy Rio Tinto Group's Palabora Mining Co Rio will sell the companies a 57.7% stake for USD 373 million. ...
Bloomberg reported that South Africa’s Cabinet endorsed measures that seek to cut local steel prices including the possibility of new export taxes on steel and iron ore. A group set up by the Department of Trade and Industry in 2010 ...
Tags: South Africa, steel price, steel, iron
Anglo American Platinum said the results of its business review, which is widely expected to lead to shaft closures and job cuts would be published early in the New Year. Amplats, a unit of global mining giant Anglo American lost at least ...
Tags: Anglo American Platinum, business review, job cuts, mines
South Africa moved one step closer to the creation of a state owned steel manufacturer on Monday with the Industrial Development Corporation's ZAR 3.4 billion acquisition of Anglo American's majority stake in the Scaw Metals Group. ...
Tags: steel manufacturer, ArcelorMittal SA, IDC
South Africa's Industrial Development Corporation has finalised its 74% acquisition of steel group Scaw from Anglo American. The purchase of the ZAR 3.4 billion stake was announced in April on a debt and cash free basis. This means ...
According to the statistics provided by Brazil's National Union of the Industry of Extraction of Iron and Base Metals, in September 2012 Brazil's iron ore exports amounted to 26.1 million metric tonnes, rising by 1.1% YoY and down 5.8% ...
Tags: iron ore, iron ore exports, Samarco
Reuters reported that copper production at Chile's Codelco slipped 5 percent in the January to September period from a year earlier to 1.189 million tonnes as dwindling ore grades at ageing deposits dampened output. The state run miner ...
Tags: Chile's Codelco, Chile, Copper Output, copper
Anglo American plc("Anglo American")announces that Cynthia Carroll has decided to step down as Chief Executive,with the Board's agreement.Cynthia will remain in her post until a successor has been appointed and an appropriate transition has ...
Tags: Anglo American, Cynthia Carroll, global financial crisis
Record export sales and revenue in an increasingly challenging market Commenting on the results,Kumba Iron Ore Limited's("Kumba")CEO Chris Griffith said: "Kumba's solid focus on operations and strategy has delivered another strong set ...
Tags: Kumba, Iron Ore, mine produce, mining
Kumba Iron Ore Limited ("Kumba") announces the appointment of Norman Mbazima as CEO, effective 1 September 2012, following the appointment of Chris Griffith as CEO of Anglo American Platinum Limited. Mr Mbazima has been CEO of Anglo ...
Tags: Kumba Iron, Metallurgy, CEO