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Junior iron-ore miner outlines ambitious aims, supports local steel production

By: Ilan Solomons     26th April 2017 Junior iron-ore miner Manngwe Mining plans to expand its asset base and increase production at its existing operation over the next five years to provide integrated steel and mining company ArcelorMittal South Africa (AMSA) with between four-million and five-million tons of iron-ore a year.... 

NCPC-SA to emphasise efficiency at Naacam show

By: Marleny Arnoldi     24th March 2017 The National Cleaner Production Centre of South Africa (NCPC-SA) will share its knowledge regarding resource efficiency and cleaner production methods to assist industry in lowering costs through reduced energy, water and material use during this year’s National Association of Automotive... 

AMSA officially launches Gauteng steel rail hub 

     23rd March 2017 ArcelorMittal South Africa in February officially launched its Isando Distribution Centre, in Germiston, in a long-term initiative to migrate the bulk of domestic final product steel distribution from road to rail.  

New duties on steel products indicative of South Africa’s ‘value-chain’ approach to protection 

By: Terence Creamer     6th March 2017 The International Trade Administration Commission of South Africa (Itac) confirms that it has recommended increased protection on several downstream steel products and that it is also considering recommending duties on a range of other value-added steel products in future. In addition, the... 

AMSA unveils interim steel rail hub

By: Natasha Odendaal     24th February 2017 The official unveiling of the Isando Distribution Centre, in Germiston, on Friday, marked the next step in steel producer ArcelorMittal South Africa’s (AMSA’s) long-term initiative to migrate the bulk of domestic final product steel distribution from road to rail. Dedicated rail links between... 

Afrox weathers yet another difficult trading year

By: Megan van Wyngaardt     23rd February 2017 The benefits of its successful restructuring and the litigation settlement with ArcelorMittal South Africa (AMSA) resulted in gas company African Oxygen (Afrox) reporting a 23.2% year-on-year increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to R1.24-billion for... 

Downstream steel industry not supportive of AMSA’s lobby for tariff protection – Neasa

By: Anine Kilian     21st February 2017 The National Employers Association of South Africa (Neasa) on Tuesday requested that steel producer ArcelorMittal South Africa (AMSA) withdraw its plea to the downstream steel industry to join it in a united lobbying effort for higher levels of tariff protection on both primary and value-added... 

AMSA, government sign pricing principles agreement

By: Anine Kilian     17th February 2017 Steel producer ArcelorMittal South Africa (AMSA) has reached a five-year agreement with the Department of Trade and Industry on steel pricing principles. The agreement is intended to achieve a fair price for steel, which enables AMSA to earn a reasonable margin from domestic sales, while being... 

DTI promises fast-tracked support for downstream steel industry

By: Terence Creamer     17th February 2017 The Department of Trade and Industry (DTI) insists that measures to support the downstream steel industry in South Africa are a priority for government and are being fast-tracked. In a statement outlining the various interventions undertaken since 2015 to support a primary steel sector wracked by... 

AMSA keen to tap power tariff deal as Eskom mulls ‘incentive pricing’  

By: Terence Creamer     10th February 2017 Steel producer ArcelorMittal South Africa (AMSA) is optimistic that Eskom, with the support of the energy regulatory, could extend pricing incentives to it and other energy-intensive businesses in light of its surplus position and government’s appeal for interventions to reignite growth in the... 

Call made for intervention to sustain Gauteng’s key industrial heartland

By: Dylan Slater     10th February 2017 Travelling about 60 km south of Johannesburg through Vereeniging and Vanderbijlpark, a general state of decay is visible in the once thriving industrial heartland known as the Vaal Triangle.  

Thabazimbi mine to be transferred to AMSA

By: Anine Kilian     9th February 2017 Kumba Iron Ore has agreed to transfer its Thabazimbi mine, in Limpopo, to ArcelorMittal South Africa (AMSA). Until 2014, the mine was a captive mine owned and run by Kumba subsidiary Sishen Iron Ore Company (SIOC), but was funded by and supplied ore exclusively to AMSA. AMSA is, therefore,... 

AMSA wants customers to unite behind call for industry-wide protection 

By: Terence Creamer     9th February 2017 Steel producer ArcelorMittal South Africa (AMSA) has appealed to its downstream customers to join it in a united lobbying effort for higher levels of tariff protection on both primary and value-added steel products, which, it claims, are being displaced by cheap, subsidised imports that are... 

AMSA to report narrowed FY16 losses

By: Natasha Odendaal     6th February 2017 JSE-listed ArcelorMittal South Africa (AMSA) expects to report narrowed losses for the year to December 31, which is attributed to the nonrecurrence of the 2015 financial year’s R2.55-billion in one-off items and a R4.25-billion impairment, as well as an increase in steel sales prices and... 

Mining Indaba remains pivotal to Africa

By: Ilan Solomons     3rd February 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Afrox to post higher FY earnings

By: Natasha Odendaal     30th January 2017 JSE-listed African Oxygen (Afrox) expects to report double-digit gains in earnings for the year ended December 31, after reporting improved margins from operational efficiencies and a reduction in fixed costs post its restructuring programme the year before. Earnings a share for the year under... 

Mining Indaba remains pivotal to Africa 

By: Ilan Solomons     27th January 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Construction steel designation confirmed after intensive lobbying effort

By: Terence Creamer     26th January 2017 The long-awaited stipulation that domestic steel, as well as locally made steel products and components, be used in public-sector construction projects has been welcomed by South Africa’s leading steel producer, as well as by the Southern African Institute of Steel Construction (SAISC). It is the... 

Kumba earnings soaring on higher iron-ore prices

By: Martin Creamer     25th January 2017 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 disposing of the asset remains to be seen. The JSE-listed company, headed by new CEO Themba... 

Rehabilitation work begins to prepare Highveld structural mill for restart

By: Terence Creamer     23rd January 2017 Rehabilitation work at Highveld Steel’s heavy structural mill, located at the mothballed steel plant’s expansive site in Mpumalanga, is under way to prepare the facility for recommissioning, following the conclusion of a supply and marketing deal with ArcelorMittal South Africa (AMSA) in... 

Competition authorities approve Kgalagadi Manganese takeover

By: Megan van Wyngaardt     16th January 2017 The Competition Tribunal has approved the merger between Kgalagadi Alloys and Kalagadi Manganese without conditions. Kgalagadi Alloys will acquire Northern Cape-based Kalagadi Manganese. 

AMSA, Highveld conclude manufacturing agreement 

By: Megan van Wyngaardt     22nd December 2016 Steel manufacturer ArcelorMittal South Africa (AMSA) has concluded a contract manufacturing agreement with embattled Evraz Highveld Steel & Vanadium (Highveld) and its HSM subsidiary, whereby AMSA would supply blooms and slabs to HSM for processing into heavy structural steel. This will result in... 

AMSA shareholders back R2.2bn empowerment deal

By: Terence Creamer     18th November 2016 Shareholders in ArcelorMittal South Africa (AMSA) voted on Friday in favour of a R2.2-billion broad-based black economic empowerment transaction, involving Likamva Resources. The approval was carried by 99.9% of the shares that were eligible to vote. The deal will see Likamva initially hold a 17%... 

AMSA reiterates call for safeguards as Itac probe advances

By: Terence Creamer     8th November 2016 JSE-listed steel producer ArcelorMittal South Africa (AMSA) has reiterated its call for additional import protection through safeguard duties, despite a “slight fall” in imports during the third quarter. In a quarterly operational update, CEO Wim de Klerk argued that imports remained high,... 

At last, residual mining right returned to Kumba Iron Ore’s Sishen 

By: Martin Creamer     13th October 2016 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 right for the Sishen mine to Kumba Iron Ore subsidiary, Sishen Iron Ore Company (SIOC). The 21.4%... 

AMSA insists R2.27bn empowerment deal meets highest governance standards

By: Terence Creamer     28th September 2016 Steel producer ArcelorMittal South Africa (AMSA) has unwrapped its long-awaited R2.27-billion broad-based black economic empowerment (BBBEE) transaction, which chairperson Mpho Makwana insists meets the highest standards of probity and governance. An earlier 2010 attempt by the JSE-listed company... 

Govt, AMSA reach accord on steel price basket

By: Kim Cloete     23rd August 2016 Steel producer ArcelorMittal South Africa (AMSA) and government have agreed to remove import parity pricing with immediate effect in a bid to boost South Africa’s steel industry. The local price for flat steel products will be based on an import-weighted basket. 

CompComm approves AMSA’s R1.5bn settlement proposal

By: Samantha Herbst     22nd August 2016 The Competition Commission has approved steel producer ArcelorMittal South Africa’s (AMSA’s) proposal to pay R1.5-billion to the commission for its involvement in long steel and scrap metal cartels. This will be the largest competition-related fine ever paid by a single South African entity and... 

AMSA chief says rising rand to take gloss off recovery

By: Terence Creamer     17th August 2016 ArcelorMittal South Africa (AMSA) CEO Wim de Klerk says he still expects the steel group to enjoy a better second half than was the case in the six months to June 30, but admits that the recent strengthening in the rand against the US dollar is likely to weigh on financial performance. The... 

DTI's absence on steel price committee questioned

By: News24Wire      16th August 2016 Parliament is still waiting for a response from Trade and Industry Minister Dr Rob Davies on why no one from his department is being represented on the recently established steel price committee. At the end of June, Economic Development Minister Ebrahim Patel announced the members of the... 

LSFB demand shows steady growth

By: Victor Moolman     12th August 2016 The use of light steel frame (LSF) building has been growing steadily for the last seven years, partially owing to architects looking for alternative building methods to overcome the inefficiencies of conventional masonry building, says the Southern African Light Steel Frame Building Association... 

Steel designations, Highveld supply to shore up AMSA demand amid weak market

By: Terence Creamer     29th July 2016 Steel producer ArcelorMittal South Africa (AMSA) expects a proposed deal to reopen the heavy-section mill at Evraz Highveld Steel & Vanadium (Highveld), together with recent moves by government to stipulate the use of local steel when calculating local content on certain infrastructure... 

AMSA calls for more support as loss increases

By: African News Agency      29th July 2016 ArcelorMittal South Africa (AMSA) called for more state support for the steel sector as it reported a loss of R450-million for the six months to the end of June, a hefty increase on the loss of R111-million recorded for the corresponding period a year before. The company acknowledged the support... 

AMSA seeks more protection as it warns of bigger H1 loss

By: Terence Creamer     22nd July 2016 Steel producer ArcelorMittal South Africa (AMSA) warned on Friday that its loss for the six months to June 30 could be up to 64% higher than the loss of 28c a share reported for the same period in 2015. However, the interim loss of between 42c and 46c a share represented a significant improvement... 

Import prices on steel not the best solution

By: Robyn Wilkinson     1st July 2016 International trade credit insurer Coface credit analyst Kyle Mason says that government would do better to provide benefits to local entities using locally-produced steel than to further impose import and anti-dumping tariffs. 

Modernisation of steel plants crucial in South Africa  

By: Robyn Wilkinson     1st July 2016 Global metallurgical processing plant supplier SMS group’s South African MD, Pieter Bezuidenhout, says the modernisation of South African steel plants is crucial in boosting the industry’s ability to remain internationally competitive in a difficult economic environment. 

Portfolio committee chair questions DTI’s exclusion from ‘steel committee’

By: Terence Creamer     24th June 2016 The Portfolio Committee on Trade and Industry has raised serious concern about the exclusion of the Department of Trade and Industry (DTI) as a direct participant in so-called ‘steel committee’ set up to monitor interventions made to shore up the domestic primary steel industry, which is under... 

De Klerk to start as AMSA CEO in July

     10th June 2016 Wim de Klerk’s appointment as CEO of ArcelorMittal South Africa (AMSA) will now be effective July 1, two months earlier than initially expected. The steel producer on Friday said De Klerk would vacate his position as FD of Exxaro on June 30, instead of the end of August, enabling him to start in... 

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