CAPITAL MARKETS

Iscor signs US$500m Japanese iron ore deal

SOUTH African steel and mining giant Iscor has negotiated a five-year, US$500 million iron ore supply deal with Japanese steel producers.

Greg Tubby

To meet the order, Iscor will boost iron ore exports to Japan from its Sishen mine by a third to about 5 million tonnes. Production at Sishen is already being expanded by 4Mt to 27Mt a year at a capital...

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