Sundance seeks $8.8 bln in damages over Congo iron ore projectWed, 23 Dec 2020 00:00:00 GMT
Australian miner Sundance Resources said on Monday that it had initiated an arbitration process against Congo Republic for damages of $8.76 billion after the Congolese government revoked its permit for the Nabeba iron ore project. The Nabeba permit is part of Sundances flagship Mbalam-Nabeba project, which straddles the border of Congo and Cameroon. It has yet to begin extracting iron ore. A decree by President Sassou Nguesso published on Dec. 17 in Congos official gazette confirmed the
Australian miners press Congo over seized iron ore projectsWed, 23 Dec 2020 00:00:00 GMT
Congo Republic has cancelled iron ore projects with three Australian miners, two of the companies said, and handed them to a firm nobody knows anything about, prompting one to seek $8.76 billion in damages from the central African nation. The sudden cancellation sparked alarm among the project owners after years of working closely with the government of Congo Republic. Sundance Resources Ltd and Equatorial Resources Ltd EQX.AX both said this week they had been notified through an official
Ziscosteel 'ghost' can still be brought back to lifeThu, 19 Nov 2020 22:15:00 GMT
THE car suddenly stops by a gate, hidden by the overgrown grass and shrubs. This is one of the many entrances to Ziscosteel's Sinter Plant, an abandoned
Zisco to be up and running by 2021Fri, 30 Oct 2020 14:51:00 GMT
Given the current momentum, Ziscosteel should be up and running by the end of 2021, she told delegates who are attending the ongoing Industry and Commerce Strategic Planning Workshop in Bulawayo. We
The Kaduna private steel plant, welcomeSun, 25 Oct 2020 21:01:00 GMT
The Kaduna private steel plant, welcome Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmeds recent declaration that steel boom may lead to Nigerias industrialisation merely
Steel groups urge expanded efforts addressing steel crisisThu, 22 Oct 2020 00:00:00 GMT
Steel industry associations in the Americas, Europe, Asia and Africa today renewed their call for governments of steel-producing economies to intensify their work in the Global Forum on Steel Excess Capacity
SMB-Winning aims to bring Guineas Simandou iron ore to market ...Mon, 19 Oct 2020 00:00:00 GMT
China-backed consortium SMB-Winning aims to bring blocks 1 and 2 of Guineas massive Simandou iron ore deposit into production by 2025, Socit Minire de Bok Chairman Fadi Wazni said, a tight timetable for a huge mine and infrastructure project. The consortium which includes Singapores Winning Shipping, Guinean mining logistics firm United Mining Supply (UMS), Chinese aluminium producer Shandong Weiqiao, and Guineas government won a $14 billion government tender in November 2019 to
ArcelorMittal South Africa to restart furnace on higher steel ...Wed, 30 Sep 2020 00:00:00 GMT
Steel producer ArcelorMittal South Africa ACLJ.J said on Tuesday it would restart the second blast furnace at its Vanderbijlpark operations in January due to higher steel demand. Africas biggest steel producer, which is majority-owned by Luxembourg-based ArcelorMittal SA MT.LU, said steel demand had increased quicker than expected due to lockdown-affected construction projects now being completed, increased sales at retail outlets and running at lower stock levels prior to the nationwide
Mining industry steps up for Jerusalema challengeSun, 27 Sep 2020 22:34:25 GMT
Sishen women in mining participate in Jerusalema challenge. Video credit: Germano Moses
Kumba Iron Ores Sishen mine was among various mines which participated in the Jerusalema challenge.
The Jerusalema dance challenge has become a worldwide phenomenon in countries such as Canada, Spain and Angola to name a few. The challenge even caught President Cyril Ramaphosas attention who urged South Africans to participate in the Jerusalema challenge on Heritage Day.
Sishens talented women in mining did not disappoint when they took part in the challenge. Other mines who also participated in the challenge include Seritis Kriel collliery and Sasols Bosjesspruit operation. The post Mining industry steps up for Jerusalema challenge first appeared on Mining
Audit to unmask Zisco lossesWed, 23 Sep 2020 17:07:00 GMT
THE Government would soon carry out a forensic audit at the defunct steel giant, Ziscosteel, to quantify and ascertain the losses at the company, acting Ziscosteel board chairperson, Engineer Martin
Byelorussian Steel Works - BSW have increased sales of reinforcing ...Tue, 22 Sep 2020 00:00:00 GMT
Based on the results of 8 months of 2020, OJSC BSW - management company of BMC holding, as part of the diversification of sales, have exported reinforcing steel worth more than 11 million US dollars to Africa. This indicator is almost 20% higher than the level of the same period last year.
Zimbabwe: Zisco Targets Firing Up UnitsWed, 16 Sep 2020 03:30:00 GMT
State owned Zimbabwe Iron and Steel Company (Zisco) has come up with a short-term revival strategy targeting resuscitation of the subsidiaries, an official
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