UPDATE:Kumba Settles Interim Price Agreement With ArcelorMittal
22nd Jul 2010 08:01
(Adds ArcelorMittal comments about continuing Saldanha plant with agreement, purchase amount details.) By Devon Maylie Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Kumba Iron Ore Ltd. (KIO.JO) said Thursday that it settled on an interim price agreement with ArcelorMittal South Africa Ltd.
Read moreChinese Iron Ore Imports Seen Lower In 2H 2010 - Kumba
22nd Jul 2010 07:28
LONDON (Dow Jones)--Chinese steel production and iron ore imports are likely to be slightly lower in the second half of the year as the country focuses on consuming domestic production to save costs, but the drop should be temporary, said South Africa-focused iron ore miner Kumba Iron Ore Ltd. (KIO.
Read moreKumba Settles Interim Price Agreement With ArcelorMittal-Co
22nd Jul 2010 07:24
LONDON (Dow Jones)--Kumba Iron Ore Ltd. (KIO.JO) said Thursday that it settled on an interim price agreement with ArcelorMittal South Africa Ltd. (ACL.JO) for the delivery of iron ore while a dispute over a contract between the two goes through arbitration. The agreement will cover the period be
Read moreAnglo American: Underlying Earnings of $520M In Respect of Kumba Iron
22nd Jul 2010 07:22
LONDON (Dow Jones)--Anglo American PLC (AAL.LN) said Thursday it will report underlying earnings in respect of Kumba Iron Ore Ltd (KIO.JO) of $520 million for the six months ended June 30, which takes into account certain adjustments. -Shares of Anglo American on Wednesday closed at 2409 pence,
Read moreKumba 1H Headline EPS ZAR20.19 Vs ZAR10.69 - I-Net
22nd Jul 2010 06:38
JOHANNESBURG (I-Net Bridge)--Kumba Iron Ore Ltd. (KIO.JO), which is 64% owned by Anglo American PLC (AAL.LN), Thursday reported an effective doubling of its first half diluted headline earnings per share to 20.19 rand for the six months to end June 2010 from 10.69 rand previously. The company's
Read moreDrummond Seeks Partner To Invest In Colombia Coal Mines
21st Jul 2010 18:06
BOGOTA (Dow Jones)--Alabama-based Drummond Co. hired Bank of America Merrill Lynch to find a partner to invest in its coal mines in Colombia, the company said Wednesday in a statement. Drummond currently operates two coal mines in Colombia. The first one, called Pribbenow, is located in La Loma,
Read moreUPDATE: Aquarius Shares Rebound On Ebbing Mine Regulation Fears
20th Jul 2010 02:53
(Adds price, union quotes, background) By David Fickling and Cynthia Koons Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Shares in Aquarius Platinum Ltd. (AQP.AU) climbed nearly 12% Tuesday after the company said it had held "pragmatic" talks with South African officials about safety improv
Read moreMARKET TALK: Credit Suisse Cuts Anglo American To Neutral
19th Jul 2010 08:12
0712 GMT [Dow Jones] Credit Suisse downgrades Anglo American (AAL.LN) to neutral from outperform, after the stock outperformed peers since August '09. CS cuts the price target to 3000p from 3600p and the stock is removed from the brokerage's focus list. CS says the restructuring/growth story is pri
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
19th Jul 2010 08:12
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0712 GMT [Dow Jones] Credit Suisse downgrades Anglo American (AAL.LN) to neutral from outperform, after the stock outperf
Read moreUPDATE:ArcelorMittal S Africa Plans Cuts Due To Kumba Iron Decision
16th Jul 2010 14:25
(Adds details of plant closure, government comment, Kumba comments.) By Devon Maylie Of DOW JONES NEWSWIRES LONDON (Dow Jones)--ArcelorMittal South Africa Ltd. (ACL.JO) said Friday that Kumba Iron Ore Ltd.'s (KIO.JO) decision to cut iron ore supplies to the steelmaker until it accepts an
Read moreArcelorMittal S Africa Plans Cuts Due To Kumba Iron Decision
16th Jul 2010 13:37
LONDON (Dow Jones)--ArcelorMittal South Africa Ltd. (ACL.JO) said that as a result of Kumba Iron Ore Ltd.'s (KIO.JO) decision to cut iron ore supplies to the steelmaker until it accepts an interim pricing arrangement, it will be forced to close a plant and reduce exports and domestic production, Arc
Read moreUPDATE:Kumba To Supply ArcelorMittal S Africa Iron Ore On New Terms
16th Jul 2010 10:59
(Adds analyst comment, pricing deal details.) By Devon Maylie Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Kumba Iron Ore Ltd. (KIO.JO) said Friday that from Aug. 1 ArcelorMittal South Africa (ACL.JO) can only purchase iron ore from the company on a pay-and-take basis following its refusal
Read moreSouth Africa, Platinum Cos To Work To Improve Mine Safety
15th Jul 2010 17:39
By Robb M. Stewart Of DOW JONES NEWSWIRES JOHANNESBURG (Dow Jones)--South Africa's government and executives from platinum mining companies agreed Thursday to work more closely to improve safety after five miners working underground were killed by falling rock last week. Mineral Resource
Read moreWorkers Reject Kumba Iron Ore Pay Offer Of 7%-9% - Union
15th Jul 2010 10:27
JOHANNESBURG (Dow Jones)--Workers at Kumba Iron Ore Ltd. (KIO.JO), South Africa's largest producer of the steelmaking ingredient, have rejected the company's offer to boost wages by between 7% and 9%, the National Union of Mineworkers said Thursday. However, thousands of members of the country's
Read moreClyde Process Solutions Secures Order From Anglo American
15th Jul 2010 08:01
LONDON (Dow Jones)--Clyde Process Solutions Plc (CPSP.LN), a provider of pneumatic conveying and air filtration solutions for process industries, announced Thursday that it has been awarded a contract from Anglo American Plc (AAL.LN), a mining company. MAIN FACTS: -No financial details discl
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