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25 June 2017
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02 Jun 2017
Baker McKenzie South Africa Banking & Finance team advises Arcelormittal South Africa on borrowing base facility
Arcelormittal South Africa (AMSA) and its subsidiary, Saldanha Steel, have been granted a ZAR 4.5-billion revolving borrowing base facility with a 36-month tenor to finance working capital and for...
08 May 2017
Davies promises support for downstream firms as he confirms steel safeguard duty
Trade and Industry Minister Dr Rob Davies confirmed on Monday that he had signed off on a hot-rolled coil (HRC) safeguard duty, but refused to be drawn on the duty level proposed until the Word...
25 Apr 2017
Competition Commission is looking for precedent setting excessive pricing case
The South African Competition Commission recently referred a supplier of the main ingredient in bricks used in the construction of affordable housing to the Competition Tribunal for charging...
24 Feb 2017
dti: Minister Davies welcomes ArcelorMittal's road to rail initiative
The Minister of Trade and Industry Minister, Dr Rob Davies has welcomed ArcelorMittal South Africa’s (AMSA) initiative to remove cargo from the road network and transferring it to rail transport,...
25 Jan 2017
Kumba earnings soaring on higher iron-ore prices
The earnings of Kumba Iron Ore, the Anglo American iron-ore mining company up for sale, are soaring on higher export prices – but whether or not its rocketing performance will dissuade Anglo from...
13 Oct 2016
At last, residual mining right returned to Kumba Iron Ore’s Sishen
A long-running legal dispute, which arose in 2010, came to a head on Thursday when South Africa’s Department of Mineral Resources (DMR) returned the residual 21.4% undivided share of the mining...
26 May 2016
‘Steel committee’ to be set up to monitor AMSA’s ‘fair pricing’ pledge
Government would, within weeks, finalise a “fair pricing” agreement with steel producer ArcelorMittal South Africa (AMSA) and establish a “steel committee” to monitor implementation of the formula,...
09 Mar 2016
Solidarity: Solidarity welcomes new ArcellorMittal CEO
Trade union Solidarity welcomes the appointment of Wim de Klerk as the new CEO of ArcelorMittal South Africa (Amsa). Marius Croucamp, Deputy General Secretary of the Metal Industry at Solidarity,...
07 Jan 2016
AMSA moves ahead with applications for ‘safeguard duties’
Steel producer ArcelorMittal South Africa (AMSA) confirmed on Wednesday that it had submitted applications to the International Trade Administration Commission of South Africa (Itac) in December...
21 Sep 2015
Esop part of bigger AMSA push to bolster empowerment rating
Steel producer ArcelorMittal South Africa (AMSA) received shareholder support last month for a five-year employee share ownership plan (Esop), which formed part of a larger strategy to improve its...
01 Sep 2015
Solidarity: There is hope for the metal industry
Trade union Solidarity today said there is hope for the ailing metal industry. The union believes that although a long road to recovery still lies ahead, role-players have lately achieved numerous...
31 Aug 2015
AMSA moves ahead with job cuts, says recent protection will help only in longer term
Steel producer ArcelorMittal South Africa (AMSA) announced on Monday that processes had been initiated “with immediate effect” that could result in the retrenchment of 400 people at the Vereeniging...
28 Aug 2015
Price, jobs, investment conditions placed on beneficiaries of first round of steel duties
The first applications for protection on several steel products were approved on Friday, with Trade and Industry Minister Dr Rob Davies confirming that duties across eight tariff subheadings would...
25 Aug 2015
Work together to save SA iron and steel industry – Zuma
President Jacob Zuma on Tuesday called on government, business, and trade unions to work together to prevent job losses in the struggling iron and domestic steel industry sector. “This is a time...
14 Aug 2015
Protection plea
South Africa’s leading steel producer ArcelorMittal South Africa (AMSA) has made a strong case for increasing tariffs for an industry that is somewhat unique among its global peers in not enjoying...
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