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Coal rallies to six-year high as heatwave fires up China demand

By: Bloomberg     8th June 2018 The heat is on in the global coal market. Prices of Newcastle coal are at the highest level since 2012 after surging 24% since mid-April to $112.05 a metric ton on Thursday as China maintains robust demand during unseasonably hot weather. Despite measures imposed by the top user to cool soaring... 

Mantashe to conclude Mining Charter community consultation tour

By: Anine Kilian     30th May 2018 Mineral Resources Minister Gwede Mantashe will conclude the nationwide community consultations on the Mining Charter in Newcastle, KwaZulu-Natal, on Thursday. He has had ten consultations across the country to gather input from stakeholders on the charter before it is finalised in June. 

AMSA moves to sell stake in Macsteel International for R2.8bn

By: Terence Creamer     28th May 2018 Steel producer ArcelorMittal South Africa (AMSA) announced on Monday that it intended to sell its 50% indirect interest in steel trading and shipping business Macsteel International (MIHBV) to a subsidiary of Macsteel Holdings (MacHold) for $220-million, or around R2.8-billion. The proposed... 

Babcock’s plant division gives customers a lift

23rd April 2018 Babcock’s safety first philosophy has resulted in its plant hire business receiving two orders from Air Products South Africa (Pty) Limited to install two 88-tonne cryogenic tanks at its plant in Newcastle, KwaZulu-Natal. Following the first successful, incident-free heavy lift in 2017, Air... 

Mantashe stresses importance of partnerships for mining sustainability

By: Simone Liedtke     18th April 2018 Mineral Resources Minister Gwede Mantashe on Wednesday stressed the importance of partnerships between mining companies and labour, as well as with communities, for mining to be sustainable. Speaking at the inaugural KwaZulu-Natal Mining Indaba, in Newcastle, he noted that such partnership would... 

Mantashe to open first KwaZulu-Natal Mining Summit

By: Anine Kilian     12th April 2018 The first KwaZulu-Natal Mining Summit will be held on April 18 and will officially be opened by Mineral Resources Minister Gwede Mantashe. The summit, which will be held at Blackrock Garden Court, in Newcastle, is aimed at ensuring a more rapid inclusion of black Africans and emerging... 

Australia sees miners winning highest Japan coal deal since 2012

By: Bloomberg     9th April 2018 Coal miners are set to win the highest supply contract in six years from Japanese utilities after demand drove spot prices higher, according to Australia’s commodity forecaster. Japan’s utilities will probably pay $100 a metric ton for annual supplies during the period from April to March, the... 

Aurizon puts new wagons on NSW coal lines

By: Esmarie Swanepoel     6th April 2018 Freight hauler Aurizon has reiterated its commitment to the Hunter Valley coal industry, announcing the arrival of a batch of newly-built coal wagons at the Port of Newcastle. Aurizon GM for New South Wales coal operations, Catherin Baxter, said on Friday that the 32 wagons in the consignment... 

Adani is said to delay Australia coal shipment, eyes deals

By: Bloomberg     29th March 2018 Indian conglomerate Adani Enterprises Ltd. will miss its original deadline to start shipping thermal coal from one of the world’s biggest planned mines due to funding difficulties, even as it eyes export deals with Asian companies. The billionaire Gautam Adani-backed company has abandoned a 2020... 

Australia pumps A$50m into drilling research

By: Esmarie Swanepoel     28th March 2018 The Australian federal government on Wednesday announced a A$50-million investment into research aimed at better equipping the mining and resources sector to manage future challenges. Resources and Northern Australia Minister Matt Canavan said the funding would come from the Cooperative... 

AMSA weighs asset disposals as losses mount, debt rises and rand strengthens 

By: Terence Creamer     31st January 2018 ArcelorMittal South Africa (AMSA) is considering various asset disposals as part of a plan to strengthen its balance sheet, which remains under pressure as a result of a protracted period of lossmaking, which has endured since 2010. The JSE-listed steelmaker declared another headline loss of... 

Brazil-focused Serabi to bolt-on Anfield’s Coringa gold project for $22m

By: Henry Lazenby     14th November 2017 Dual-listed mining and development company Serabi Gold is looking to double output with the acquisition of the Coringa gold project, located in the Tapajos gold province of Para state, in Brazil. The LSE Aim- and TSX-listed miner announced early on Tuesday morning that it will acquire the... 

Yancoal buys further stake in Warkworth coal mine for $230m

By: Esmarie Swanepoel     27th September 2017 ASX-listed Yancoal Australia has exercised a call option to purchase Mitsubishi Development’s 28.9% interest in the Warkworth coal joint venture (JV) for $230-million. The deal followed Yancoal’s $2.69-bilion acquisition of mining major Rio Tinto’s Coal & Allied subsidiary, which included a... 

Welding foundation industry collaboration empowers SA learners

15th September 2017 The Southern African Institute of Welding (SAIW) Foundation aims to provide training to disadvantaged individuals in a range of areas that include welding and inspection, and the training of trainers for welding and related technologies. In addition, integrated steel and mining company... 

Improved fundamentals prompt Moody’s to adjust higher several commodity price sensitivity ranges

By: Henry Lazenby     14th September 2017 Improved fundamentals amid global economic growth are expected to sustain a higher pricing environment for the global base metals industry, prompting credit ratings firm Moody’s Investors Service to adjust higher the price sensitivity ranges for copper, iron-ore, and metallurgical and thermal... 

Atlas Copco hydraulic magnet helps to pick up the pieces

6th September 2017 Atlas Copco’s HM 1500 fixed hydraulic (hydro) magnet, fitted to a 22.5 ton carrier, is efficiently and safely sorting and loading steel off cuts at a steel mill in Emalahleni, Mpumalanga. Following a successful tender, service contract specialist, Real Tree Trading, was contracted to remove steel... 

Solidarity warns of ‘major impact’ should AMSA proceed with job cuts

By: Terence Creamer     16th August 2017 Trade union Solidarity has confirmed receipt of a Section 189A retrenchment notice from steel producer ArcelorMittal South Africa (AMSA) and has indicated that it will enter negotiations with the company to ensure alternatives to retrenchments are considered. On Tuesday, AMSA announced that it... 

Eskom tariffs in AMSA’s action plan crosshairs as losses spike  

By: Terence Creamer     27th July 2017 Steel producer ArcelorMittal South Africa (AMSA) will approach the National Energy Regulator of South Africa (Nersa) directly with a request for discounted electricity tariffs as part of a multi-pronged business sustainability action plan unveiled after the JSE-listed group slumped to a... 

Domestic steel demand forecast to grow despite industry challenges

7th July 2017 While domestic demand for steel and steel products is expected to grow by 1.2%, forecasts South African trade union Solidarity deputy general secretary Marius Croucamp, he adds that the steel industry is facing serious challenges, both at a primary steel producing level and in the downstream... 

China said to plan coal import ban at some ports starting July 1

By: Bloomberg     28th June 2017 China plans to ban coal imports starting July 1 at ports that were set up through approvals by provincial authorities, the latest move by President Xi Jinping’s government to exert stricter control on the market. Ports in the world’s largest consumer of the fuel that were approved under the... 

Glencore eyes 81Mt/y Hunter Valley coal play with surprise bid for Rio Tinto mines

By: Esmarie Swanepoel     12th June 2017 Diversified miner Glencore has made a surprise $2.5-billion bid for miner Rio Tinto’s 100% interest in its Coal & Allied subsidiary, rivaling a bid from ASX-listed Yancoal which launched a $2.45-billion offer in January. Glencore’s offer consisted of $2.05-billion in cash and $500-million in... 

Yancoal offers $710m for Mitsubishi’s stake in Hunter Valley mines

By: Esmarie Swanepoel     25th May 2017 ASX-listed Yancoal Australia has made a tag-along offer to acquire Mitsubishi Development’s 32.4% interest in the Hunter Valley operations for $710-million. The tag-along offer fulfilled Yancoal’s obligation to Mitsubishi under the sale and purchase agreement for Yancoal’s $2.45-billion buy of... 

AMSA insists 12% hot-rolled-coil safeguard won’t translate into abrupt price hike

By: Terence Creamer     15th May 2017 Steel producer ArcelorMittal South Africa (AMSA) insists that the institution of a 12% safeguard duty on hot-rolled coil (HRC) from July 1 will not result in a commensurate rise in domestic prices for the primary-steel product, owing to a pricing agreement with government that regulates the... 

FIRB clears Yancoal/Rio deal

By: Esmarie Swanepoel     13th April 2017 The Australian Foreign Investment Review Board (FIRB) has approved ASX-listed Yancoal’s $2.45-billion acquisition of Rio Tinto subsidiary Coal & Allied. The two companies in January struck a deal that will allow for an initial $1.95-billion cash payment upon the completion of the transaction in... 

Solidarity stresses importance of saving South Africa’s steel industry

By: Anine Kilian     30th March 2017 Trade union Solidarity on Thursday emphasised the importance of South Africa’s steel industry, stating that it is a “key enabler of every part of the South African economy – including the automotive, mining, construction, energy and infrastructure sectors, all of which have been identified as... 

High-speed wireless provides fibrelike connectivity to underserved areas

By: Schalk Burger     24th March 2017 A 28 GHz last-mile wireless access solution is being rolled out in South Africa to provide fibre-like connectivity for underserved areas, says telecommunications operator Paratus Telecom SA MD Kallie Carlsen. The solution uses a combination of 28 GHz wireless line-of-sight solution for last-mile... 

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.  

Solidarity protects local steel industry

By: Marleny Arnoldi     3rd March 2017 Following the National Treasury’s instruction last month that State-owned entities must use 100% locally manufactured structural steel last month, trade union Solidarity says it will act as a watchdog to ensure that this happens.  

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... 

South African dams recovering as torrential rains continue

By: Megan van Wyngaardt     24th February 2017 The Vaal dam is expected to reach 100% capacity soon, if current rainfall volumes continue, the Department of Water and Sanitation (DWS) said on Friday. The dam was 81.6% full by Friday and water levels were rising fast, owing to the torrential rains of the last two weeks. 

Analysts acclaim Glencore’s performance as good fundamentals return

By: Martin Creamer     23rd February 2017 Commodity market fundamentals are improving against a backdrop of better than expected demand and limited, if any, inventory build through the trough of the cycle, diversified mining and marketing company Glencore said on Thursday. This comes against the background of the London-, Hong Kong- and... 

Municipal Stainless Steel Solutions Could Save SA Millions In Water Losses

15th February 2017 With South Africa experiencing Stage 2 and 3 water restrictions following its worst drought in decades, the spotlight falls on the solution of using stainless steel in water distribution and service pipes in South Africa to reduce leakages and maintenance costs and preserve our already strained... 

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.  

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... 

Rio Tinto to sell Coal & Allied to Yancoal for up to $2.45bn

By: Natasha Odendaal     24th January 2017 Mining major Rio Tinto has agreed to sell its Coal & Allied subsidiary to Yancoal Australia for up to $2.45-billion. The binding agreement allows for an initial $1.95-billion cash payment upon the completion of the transaction in the second half of 2017, followed by $500-million in deferred cash... 

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... 

Coal’s recovery too good to resist for world’s biggest exporter

By: Bloomberg     13th January 2017 Indonesia will exceed its coal production target for another year as miners cash in after prices recovered from a five-year collapse. The world’s biggest exporter will produce about 489-million metric tons this year, 18% above the government-mandated target, according to energy ministry... 

TFR opens steel hub to encourage rail transport 

By: Natasha Odendaal     5th December 2016 Transnet Freight Rail (TFR), in conjunction with ArcelorMittal South Africa (AMSA), Barloworld and Grindrod Logistics, have launched a ‘steel hub’ at TFR’s Elandsfontein yard to migrate steel volumes that are being transported by road back onto rail. Two years after first deliberations, last week... 

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