ArcelorMittal close to Aperam listing
ArcelorMittal is set to list its stainless steel unit Aperam at the end of January or in early February, according to sources.
Eskom warns of looming power squeeze
Eskom CEO Brian Dames says the lack of new power stations may finally catch up with South Africa in 2011.
Indian state firm targets SA resources
India’s state-owned MMTC is setting up shop in South Africa, with its sights firmly on securing coal and other commodities for the country’s resource-hungry economy.
Tata Steel majority holder in Nippon JV
Tata Steel will hold 51% in its joint venture with Japan's Nippon Steel, aiming to produce 600,000 tonnes a year of cold rolled automotive sheet steel.
RBCT stockpiles ‘almost depleted’
South Africa has joined coal exporters facing shipment delays after three derailments on the line from mines to Richards Bay Coal Terminal brought stocks to very low levels, says industry sources.
Draining flooded mines to take weeks
Australia's flood-stricken coal industry is facing lengthy disruptions, with one miner saying it may take weeks to drain its pits of water.
Eskom promises to keep SA’s lights on
Eskom says contingency plans are in place to ensure it generates enough electricity in spite of heavy rains disrupting coal supply to stations.
Skint JCI seeks loan
The former iconic JCI is seeking a further loan from Investec Bank to fund its near term cash requirements, including salaries and wages.
Riversdale, Tata in Mozambique power deal
Riversdale Mining and joint venture partner Tata Steel have agreed to fully own the $1bn Benga power plant project in Mozambique, says the mining group.
Harmony’s Hidden Valley faces legal battle
Harmony Gold’s Hidden Valley JV in Papua New Guinea is again facing legal action over damage caused by mine-related sediment to landowners along the country’s Watut River.