Search Results for "Africa"

Kumba Iron Ore Reaches Three Year Wage Deal With Unions

Moneyweb reported that Kumba Iron Ore Ltd. (JSE:KIO) has signed a three year wage deal that will see its lowest paid workers get a ten percent wage increase. The deal will mean that a strike by the National Union of Mineworkers will be avoided, according to Moneyweb.

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.