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Solidarity, AMSA agree on 7% wage increase

By: Leandi Kolver     11th June 2014 Trade union Solidarity on Wednesday announced that it had reached a wage agreement with steel producer ArcelorMittal South Africa (AMSA), comprising a 7% wage increase and other favourable changes to workers’ terms of employment. The agreement, which was retroactive to April 1, 2014, and would be... 

AMSA lobbies Treasury for ‘special' carbon tax arrangement 

By: Natalie Greve     28th May 2014 South African steel producer ArcelorMittal South Africa (AMSA) is currently lobbying National Treasury around the country’s proposed carbon tax, appealing that large-scale industrial steel manufacturers be exempt from the proposed carbon tax and rather be beholden to a separate, “special”... 

O’Flaherty steps in as ArcelorMittal CEO

By: Natasha Odendaal     23rd May 2014 ArcelorMittal South Africa (AMSA) has appointed former Eskom Holdings FD and group executive Paul Sean O’Flaherty CEO and executive director, effective July 1, replacing Nonkululeko Nyembezi-Heita who stepped down in February. Dr Hans Ludwig Rosenstock, who assumed the role of acting CEO and... 

Platinum strike to have largest impact on March mining production

By: Leandi Kolver     12th May 2014 The ongoing industrial action in the platinum sector would have the largest impact on mining production figures for the month of March as well as the first quarter of 2014, banking group Investec economist Kamilla Kaplan said on Monday. In its ‘Week Ahead’ bulletin, in advance of the publication... 

AMSA short-lists three CEO candidates

By: Terence Creamer     9th May 2014 JSE-listed steel producer ArcelorMittal South Africa (AMSA) has shortlisted three potential CEO candidates, who are currently going through a final board-selection process. Acting CEO Dr Hans Rosenstock said on Friday that the board would make an “appropriate announcement” once the process had... 

Mining strike aggravates already weak SA steel market – AMSA

By: Terence Creamer     9th May 2014 South Africa’s largest steel producer ArcelorMittal South Africa (AMSA) does not expect South Africa’s weak domestic steel market to show any sign of recovery until after June, and has warned that the protracted platinum industry strike is exacerbating already weak trading conditions across the... 

AMSA swings into profit, but expects SA market to remain subdued

By: Terence Creamer     9th May 2014 Africa’s largest steel producer ArcelorMittal South Africa (AMSA) partially shrugged off weak domestic market conditions in the first quarter to March 31, 2014, to report a sharp turnaround in headline earnings of R323-million, from a loss of R270-million in the fire-afflicted corresponding... 

Indian mining, steel heavyweight opens up shop in SA 

By: Natalie Greve     25th April 2014 Multinational Indian mining, steel and power conglomerate Jindal Steel & Power has officially launched its new Jindal Africa head office, in Johannesburg, marking the company’s fifth year of activity in South Africa and creating a springboard for its penetration into other Southern African... 

Investment policy, price pass-on buffers Afrox from gloomy market  

By: Natalie Greve     28th February 2014 Industrial gas supplier Afrox’s strategy of investing in plant modernisation, additional capacity creation and efficiency enhancements appears to be paying off, with the Linde Group subsidiary posting an 8% increase in headline earnings a share to 95.3c for the year ended December 31, and a 10%... 

Supply assurances ahead of four-month Newcastle steel mill reline

By: Terence Creamer     21st February 2014 Steel producer ArcelorMittal South Africa (AMSA) says it is building substantial metal stocks ahead of the planned four-month shutdown of its Newcastle mill, in KwaZulu-Natal, which is being prepared for a R1.6-billion blast-furnace reline – the JSE-listed group’s single largest capital project... 

How a major airline is meeting the challenges facing the industry 

By: Creamer Media Reporter      14th February 2014 From Creamer Media in Johannesburg, this is the Real Economy Report. World airlines today face significant challenges from the global economy, but also opportunities created by the introduction of new generation aircraft. British Airways is no exception. 

Resources Watch 

By: Creamer Media Reporter      14th February 2014 ArcelorMittal South Africa will review its mining strategy in light of its iron-ore settlement. Traditional communities should be seen as partners in mining communities, not rivals. And, Amplats returns to profitability, but warns of protracted strike impact. 

New Austro Board Members Bring Energy And Public Sector Expertise

13th February 2014 Austro Group Limited today announced the appointment of four new non-executive members to its board of directors, three of whom are independent. The new directors bring strong energy and public-sector credentials and experience to the JSE-listed industrial group. The new board members, appointed... 

Aveng promotes FD to CEO role

By: Natalie Greve     11th February 2014 The Aveng Group has announced the appointment of acting CEO and FD Kobus Verster as CEO, with with immediate effect.  .  Verster, who had “extensive” experience in the steel and mining sectors, holds a BCom degree from the University of Potchefstroom and a BCom Honours in Economics degree from... 

Kumba production and exports down, earnings and dividend well up

By: Martin Creamer     11th February 2014 JSE-listed Kumba Iron ore produced and exported less in the 12 months to December 31 but this did not stop South Africa’s iron-ore major from raising its dividend on the back of a marked increase in earnings. Total production of iron-ore fell 2% to 42.4 million tons as a result of the production... 

Steel group to review mining strategy in light of iron-ore settlement 

By: Terence Creamer     7th February 2014 Steel producer ArcelorMittal South Africa (AMSA) reports that protracted shareholder negotiations have been the main cause of a delay in it progressing with plans for a greenfields Northern Cape iron-ore mine. But outgoing CEO Nonkululeko Nyembezi-Heita said at the weekend that she still... 

AMSA offers supply assurances ahead of four-month Newcastle reline 

By: Terence Creamer     7th February 2014 Steel producer ArcelorMittal South Africa (AMSA) says it is building substantial metal stocks ahead of the planned four-month shutdown of its Newcastle mill, in KwaZulu-Natal, which is being prepared for a R1.6-billion blast-furnace reline – the JSE-listed group’s single largest capital project... 

AMSA continues recovery, expects further Q1 improvement

By: Terence Creamer     7th February 2014 Steel producer ArcelorMittal South Africa (AMSA) reported a R524-million operating-profit turnaround in 2013, with earnings recovering to R47-million from a loss of R477-million in 2012. However, the company still reported a headline loss of R224-million for the year, which was inclusive of a... 

AMSA COO appointed acting CEO as Nyembezi-Heita set to depart

By: Natalie Greve     4th February 2014 Following the December announcement that steel producer ArcelorMittal South Africa (AMSA) CEO and executive director Nonkululeko Nyembezi-Heita would step down on February 18, COO Dr Hans Ludwig Rosenstock has been appointed acting CEO and executive director while the board embarks on a search... 

Concourt opens way for SIOC to apply for AMSA’s lost Sishen rights 

By: Terence Creamer     12th December 2013 South Africa’s Constitutional Court delivered its judgment on Thursday relating to the long-running mineral rights dispute involving the Sishen iron-ore mine, in the Northern Cape. The ruling, which is still being studied by the participants, has thrown up a partial victory for the Department of... 

Outgoing AMSA head appointed JSE chairperson

By: Natalie Greve     10th December 2013 Following her surprise resignation earlier this week, ArcelorMittal South Africa CEO Nonkululeko Nyembezi-Heita has been appointed chairperson and nonexecutive director of the JSE, replacing outgoing chairperson Humphrey Borkum. Nyembezi-Heita, who had served as independent nonexecutive director... 

Nyembezi-Heita announces her departure from AMSA

By: Terence Creamer     9th December 2013 In yet another surprise high-profile resignation, ArcelorMittal South Africa (AMSA) CEO Nonkululeko Nyembezi-Heita has announced that she will be leaving the company on February 18, following a six-year stint. Her resignation follows only days after Eskom CEO Brian Dames announced that he would... 

Saldanha Steel aims to sign offtake deal with gas-fired IPP in early 2014 

By: Terence Creamer     22nd November 2013 Steel producer ArcelorMittal South Africa is hoping to conclude a power purchase agreement (PPA) early next year with an independent power producer (IPP), which is proposing the development of a 800 MW power station on the Saldanha Steel mill site, in the Western Cape. The gas-fired project is... 

Following years of dispute, Kumba and AMSA in 'holistic' iron-ore settlement

By: Terence Creamer     15th November 2013 Steel producer ArcelorMittal South Africa (AMSA) and iron-ore miner Kumba inked an “holistic” deal on Tuesday aimed at resolving a long-running dispute between the two JSE-listed companies, while also potentially meeting the government’s increasingly vociferous calls for arrangements that... 

Resources Watch 

By: Creamer Media Reporter      14th November 2013 This week: Kumba and ArcelorMittal sign an 'holistic' iron-ore pricing deal following years of dispute. An exciting new AngloGold Ashanti technology produces its first gold. And Mark Cutifani says mining benefits 8 in 10 South Africans. 

AMSA not contemplating pricing change following Kumba deal 

By: Terence Creamer     7th November 2013 Steel producer ArcelorMittal South Africa (AMSA) is not considering changes to its pricing policy in light of the iron-ore settlement agreement reached with Kumba and the group’s CEO has also questioned whether the cost-plus-20% deal could truly be considered a ‘developmental price’ as being... 

AMSA continues to recover, but warns on weak conditions

By: Terence Creamer     7th November 2013 South Africa’s largest steel producer ArcelorMittal South Africa (AMSA) continued its recovery in the third quarter from a miserable first quarter, which was affected by a fire at its Vanderbijlpark mill, on the back of greater operational stability. However, it warned that earnings were likely... 

Mittal judgment shows rules of pollution game are changing

By: Creamer Media Reporter      27th September 2013 By Victor Munnik Environmental managers should pay close attention to the recent court judgment instructing ArcelorMittal South Africa to hand over a ten-year-old document to an environmental justice organisation interested in the Steel Valley pollution. The judgment shows that the rules of the... 

AMSA's Vereeniging plant celebrates 100 years of operation

By: Leandi Kolver     4th September 2013 ArcelorMittal South Africa (AMSA) on Wednesday announced that its Vereeniging plant has reached 100 years of operation. Steelmaking at the plant started a century ago with a 10 t furnace, which produced roughly 4 000 t of pig iron steel between 1913 and 1920. 

Industry tough for newcomers, shortage of black engineers

By: Ilan Solomons     16th August 2013 The South African steel construction industry is monopolised by the larger companies, which possess significant customer bases, making it extremely difficult for new smaller companies to break into the industry, says Boksburg-based steel solutions provider SPM Engineering MD Sejako Morejwane. She... 

SA fasteners safe and meet global standards

16th August 2013 The bolt and fastener industry is in excellent shape, in South Africa with the product easily meeting international safety standards, Krugersdorp-based fastener manufacturer CBC Fasteners MD Robert Pietersma. “By way of example, the manufacturing process at CBC Fasteners is monitored by a... 

Steelmaker hands over R45m Eastern Cape school to govt

By: Nomvelo Buthelezi     9th August 2013 Steel producer and mining company ArcelorMittal South Africa has completed and handed over the state-of-the-art R45-million Mandela Park Primary School, which was built in Slovo Park, Mthatha, in the Eastern Cape. 

Resources Watch  

By: Creamer Media Reporter      8th August 2013 This week: Draft mineral law ousts first-come first-served, initiates auctioning; Mining's fundamental business case needs rebuilding, Turton; and AMSA oprimistic of sealing Thabazibi deal with Kumba in H2. 

AMSA moves to recapture market share lost to imports and a fire 

By: Terence Creamer     1st August 2013 South Africa’s largest steel producer ArcelorMittal South Africa (AMSA) recorded a second-quarter recovery, following a dismal fire-afflicted first quarter. Nevertheless, it still slumped to a R123-million headline loss for the first half of the year to June 30, 2013. The company, which is led... 

R70m construction project uses 158 t of structural steel

By: Chantelle Kotze     12th July 2013 Consulting engineering firm Aurecon’s R70-million project involving the construction of a study centre at the University of Pretoria’s Engineering 1 building, which comprises 158 t of structural steel, is scheduled for completion this month. 

Focus on adding value, despite depressed steel market

By: Chantelle Kotze     12th July 2013 US-based laser-cutting and engraving systems manufacturer Kern Laser Systems’ new HSE 150 W and HSE 400 W laser systems can be equipped with technology that enables the laser systems to accurately cut sheet metals made from stainless steel, mild steel, aluminum and brass. 

SA’s leading steel producer gears up for carbon-tax battle 

By: Terence Creamer     4th June 2013 Steel producer ArcelorMittal South Africa (Mittal) has again warned that the National Treasury’s proposed carbon tax will have a yearly negative financial impact on the company of between R600-million and R650-million. It has also confirmed that it is preparing a detailed response to the National... 

Mittal expects Q2 turnaround from fire-afflicted start to 2013

By: Terence Creamer     10th May 2013 JSE-listed steel producer ArcelorMittal South Africa (Mittal), which declared force majeure in February after a fire at its Vanderbijlpark facility, said on Friday that it expected to turn around its first quarter loss and report “positive earnings” in the second quarter. CEO Nonkululeko... 

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