Mining giant Kumba are arguing in court that Imperial Crown Trading submitted a "fraudulent" prospecting right to the department of mineral resources.
ArcelorMittal South Africa has decided to join Kumba Iron Ore in its legal case against Imperial Crown Trading.
Court case could lead to collapse of multibillion-rand ICT and BEE deals.
Eskom has to negotiate for coal from a mine to which it once owned the mineral rights.
ArcelorMittal said on Friday it expects arbitration proceedings relating to its stake in Kumba Iron Ore’s Sishen mine to be heard early next year.
The sheer number of suits attending the mining indaba this year makes one thing clear — the world wants minerals.
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/ 10 February 2011
Kumba Iron Ore on Thursday doubled its full-year profit, boosted by increased exports and prices.
If Kumba and ICT can claim ownership of rights to 21,4% of the mine for the price of a R500 application fee, why not a member of the public?
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/ 27 January 2011
Kumba Iron Ore on Thursday called the decision rejecting its bid for a disputed mining right "legally incorrect and fundamentally flawed".
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/ 15 December 2010
Lazarus Zim has resigned as chairperson and non-executive director of Kumba Iron Ore with effect from December 14 2010.
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/ 27 September 2010
Kumba Iron Ore said on Monday it was willing to hold fresh talks with the National Union of Mineworkers, which plans to a strike next week.
ArcelorMittal SA’s proposed BEE transaction with controversial company ICT has been called many things. But is it transformation?
Kumba has dismissed allegations by a former government official that it was manipulating the system to gain rights to a stake in one of its mines.
Kumba and ArcelorMittal South Africa have reached an interim pricing agreement for the supply of iron ore from Kumba’s Sishen mine.
Kumba Iron Ore, a unit of global miner Anglo American, reported a 10% rise in exports sales volumes.
A meeting between Kumba Iron Ore and ArcelorMittal hosted by Trade Minister Rob Davies on Monday resulted in a "constructive engagement".
Trade and Industry Minister Rob Davies will host an urgent meeting between Kumba Iron Ore and ArcelorMittal on Monday in a bid to resolve a row.
The ongoing contractual dispute between steel giant ArcelorMittal and iron-ore supplier Kumba Iron Ore has intensified.
The government is concerned about the lack of progress between Kumba and ArcelorMittal SA in achieving an interim pricing arrangement for iron ore.
Kumba Iron Ore said on Monday it had rejected Imperial Crown Trading’s bid to start prospecting for iron ore at Kumba’s Sishen mine.
Arcelor Mittal may be forced to give up local assets in a bid to end its dominance in the market.
Government, which has been sitting on the sidelines in the dispute between behemoths Kumba and ArcelorMittal, this week got into the ring.
ArcelorMittal SA, a unit of the world’s top steelmaker, will raise prices to partially ease the impact of an ongoing dispute over iron-ore supplies.
South Africa’s Mining Ministry said on Tuesday it would review a decision to award a new prospecting right in Kumba Iron Ore’s Sishen Mine.
Government is watching closely the standoff between Kumba and ArcelorMittal and its effect on steel prices, Lynley Donnelly reports.
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/ 18 February 2010
Kumba Iron Ore on Thursday reported a dip in full-year headline earnings, but said production and export sales were up, and output would rise further.
Kumba has reported a rise in first-half headline earnings per share (EPS), and said it remains committed to raising production by 10% this year.
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/ 16 February 2009
Kumba Iron Ore, a unit of Anglo-American, reported a 131% rise in headline earnings, but said the first half of 2009 would be very challenging.
Kumba Iron Ore remains committed to zero harm, chief executive Chris Griffith told a results presentation in Johannesburg on Thursday.
Kumba Iron Ore has reported an increase in its first-half diluted headline earnings per share from R5,02 in 2007 to R8,75 to end June 2008.
Africa’s biggest iron ore producer Kumba Iron Ore forecast lower than expected first-half earnings per share, triggering a 4% fall in its shares.
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/ 14 February 2008
Kumba Iron Ore, Africa’s biggest iron-ore producer, saw full-year headline earnings per share (EPS) leap by 43% as prices and demand soared, the company said on Thursday. Kumba said tight global supplies should support prices in the coming year, but said costs resulting from an energy shortage in South Africa could weigh.