09
Feb
16:05
Kumba transfers ownership of Thabazimbi mine to ArcelorMittal
South Africa’s Kumba Iron Ore Limited says that it has agreed with ArcelorMittal South Africa (AMSA) to transfer the Thabazimbi iron ore mine to the steelmaker. Production at the mine, part of Kumba subsidiary Sishen Iron Ore Company (SIOC), was halted on 1 September 2016. AMSA says it will look at the feasibility of re-starting operations at the mine, Kallanish notes.
Until 2014, Thabazimbi was a captive mine owned and run by SIOC, but supplying ore exclu…
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Very good overview of the weekly steel market.
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