"We will be carrying out planned maintenance in some of our mills during this period, although there will be no impact on customers," a company spokesperson said.
Australian iron ore mining firms Fenix and Fe Limited are using hedging to keep operating, with most of their unhedged rivals having stopped production or development with the reality of a more than halving of the iron ore price over the past four months.
JSW's average capacity utilisation rose to 95pc during October compared with 89pc a year earlier and the highest since March this year when it was 96pc.
Elias Mokwana of Save SA Smelters quotes extensively from a document produced by North West University in support of a chrome ore export tax which, it states, “should only be used in the short to medium term” (“Benefits of chrome-ore export tax”, November ...