Search Results for "Africa"

ArcelorMittal Could Buy Iron-Ore Interests in Guinea from BHP reported today that top steelmaker ArcelorMittal (NYSE:MT) is poised to purchase BHP Billiton’s (NYSE:BHP,ASX:BHP) interest in a significant iron-ore deposit in Guinea. According to, BHP has wanted to sell its stake in the Mount Nimba project since July 2012.

West African Iron Ore Provides Updates

West African Iron Ore Corp. (TSXV:WAI) provided a technical, financial and corporate update. Highlights include: a delay on the anticipated NI43-101 technical report on the N’Dougou Project, a convertible debenture financing agreement with Sky Alliance Resources, and Philip O’Neal resigning from the Board of Directors.

Kumba and Assore Stocks Bounce Back

Reuters Africa reported that South African iron ore producers Assore and Kumba have seen their stocks come back with roughly 3.5 percent gains on spiking iron futures.

Rio Tinto’s Davies Highlights Importance of Simandou

Mining Weekly reported that Rio Tinto plc’s (ASX:RIO,LSE:RIO,NYSE:RIO) Alan Davies said at Investing in African Mining Indaba that the Simandou project, which is expected to put out about 100 million tonnes of iron ore annually, is a “very important investment” for the company.

Kumba Iron Ore Exec Hoping for Key Mining License by June

Reuters reported that yesterday, Norman Mbazima, chief executive of Kumba Iron Ore Ltd. (OTCMKTS:KIROY), a unit of Anglo American plc (LSE:AAL), said he expects the company to be granted a “key mining license” for the expansion of its South Africa-based Sishen mine during the first half of 2014.