Industry body the World Steel Association (worldsteel), in its 'Short Range Outlook for 2021 and 2022', forecasts that steel demand will grow by 5.8% to 1.87-billion tonnes this year. In 2022, steel demand will grow by a further 2.7% to reach 1.92-billion tonnes.
Personal protective clothing and safety equipment company Mine Africa Safety Solutions has agreed to donate essential goods to a charity and contribute to the Solidarity Fund, as part of the terms of a consent agreement concluded between it and the Competition Commission. The Competition Tribunal has confirmed the consent agreement as an order.
When US President Joe Biden announced a $2-trillion bill on March 31, becoming known as his infrastructure plan, it made commodity research company Fastmarkets, for one, excited about the opportunities it may hold for metals. The bill has been dubbed the American Jobs Plan, despite a political debate that ensued for a few days about [...]
Diversified miner Anglo American has delivered on its commitment to source 100% renewable energy for all its operations in Brazil, Chile and Peru. The miner previously secured renewable energy to meet all of its power requirements for its iron-ore and nickel operations in Brazil from 2022, as well as for its copper operations in Chile [...]
The rarity of platinum, combined with a decline in supply and overwhelming demand, is a formula for a build-up of a “perfect storm”, says independent precious metal consultant Dr David Davis, who says that this will lead to significant upward pressure on the price of platinum, to which investors have already begun to react. Given [...]
Golden Arrow Bus Services (GABS), in Cape Town, has started testing two fully electric buses in an effort to determine the viability of introducing the technology to its fleet, says GABS company engineer Gideon Neethling. The tests will continue until January next year.
GE, PowerChina hydro project on Zambia-Zimbabwe border delayed The developers of a $4-billion hydropower plant on the Zambia-Zimbabwe border delayed the project until next year because of the coronavirus pandemic.
Under siege Seriti Resources whose impending acquisition of South32 coal mines has raised calls for an investigation has dismissed the complaints against it as "vague" lacking substance. The black-owned coal miner has found itself embroiled in a storm after trade unions flagged some aspects of the transactions as questionable.
Poultry producer Astral Foods has obtained a High Court order against government and the National Treasury over the nondelivery of basic water and electricity supply services within the Lekwa (Standerton) municipality. In terms of the Order issued on April 12, government will be required to intervene in the Lekwa municipality and, together with Treasury, wprepare a [...]
Despite the devastating impact of the Covid-19 pandemic on South Africa’s economy, Trade, Industry and Competition Deputy Minister Nomalungelo Gina says the Special Economic Zones (SEZ) Programme continues to “successfully drive industrialisation” of the country. She explains that the programme has managed to attract a significant number of investors, thereby increasing the value of operational [...]
Eskom has raised R76.1-million from the sale of two buildings as parts of a strategy to free up cash through the disposal on non-core assets, and more properties are expected to be sold. The buildings in Kimberley and Johannesburg were sold to the Department of Human Settlements, Water and Sanitation and will be converted into [...]
Trade union Solidarity and civil rights group AfriForum will be in the North Gauteng High Court on April 13 for the hearing of their case against the Department of Tourism and Tourism Minister Mmamoloko Kubayi-Ngubane. The two institutions had instituted legal action after unsuccessful talks with the Minister about opening up funding through the Tourism [...]