Kumba's third-quarter output down 3% y/y on the back of logistics constraints

Mutares investment company became the buyer, the parties did not disclose the amount of the deal

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 143.6 million tonnes (Mt) in September 2024

The consortium will focus its attention on harnessing the potential of the state’s Braemar iron region alongside its extensive renewable energy capacity.

The agreement represents a significant milestone for Arrow as it seeks to capitalise on the benefits of the Simandou multi-user railway infrastructure.

Rio Tinto reported an increase in iron ore shipments from July to September.

It will enable the company to flexibly switch between different products depending on customer demand.

Through the newly built transmission line, power will be sent to a local 550,000-ton electrolytic aluminum program, which will generate an annual power consumption of around 7.5 billion kilowatt-hours.