Steel Industry News - Africa

Grand heist: Multi-million Zisco assets stripped as Mnangagwa ...
Sun, 22 Mar 2020 01:00:00 GMT
A fresh probe has revealed that the government facilitated a shady US$225 million deal meant to strip the comatose Zimbabwe Iron and Steel Company (Zisco) of its critical assets. The investigation


The Isaac Riyano story: Bossos flower that blossomed elsewhere
Sun, 19 Jan 2020 23:33:00 GMT
He was not the only young player to be lost by the club in those years as the midfield had lost Thoko Sithole (South Africa), Ronnie Jowa (Zisco), Tutani Moyo (Black Mambas), Mpumelelo Dzowa


Eddie Cross: The Five Pillars of the State
Wed, 15 Jan 2020 12:31:00 GMT
It was all paid for by private companies or taxes and often to a surprisingly high standard. When Zisco Steel operated it was the largest integrated steel plant in Africa and the liner trains that


Rio Tinto starts resuming operations at Richards Bay Minerals ...
Wed, 25 Dec 2019 23:06:06 GMT
Mining company Rio Tinto said it had started the process of resuming operations at its Richards Bay mineral sands operation in South Africa following security problems. A phased restart was now


Govt says $255m ZimCoke deal still on but Zisco board chair disagrees
Thu, 19 Dec 2019 18:40:00 GMT
Government has said that the $255 million ZimCoke deal is still on as it has not yet received any formal communication from the Zimbabwe Iron and Steel Company (Ziscosteel) board requesting for


SEAISI Press Release
Tue, 10 Dec 2019 00:00:00 GMT
Nigeria eyes January memorandum to revive Ajaokuta Steel


Redcliff gets $7m of Zisco debt
Thu, 05 Dec 2019 14:18:00 GMT
REDCLIFF Municipality has received $7 million from Treasury as part of repayment of a $14 million debt accrued by the now defunct Zisco. The countrys steel manufacturing plant closed down operations


Corruption a curse in Zimbabwe
Wed, 04 Dec 2019 19:35:00 GMT
If the current leadership was serious about economic recovery, they should target industry more, opening and reviving few big companies like Zisco steel, NRZ and Air Zimbabwe would make a huge impact


R and F, Zisco US$1 billion deal collapses
Sun, 01 Dec 2019 18:17:00 GMT
A Chinese investor, R and F, that was looking at acquiring stake in the Zimbabwe Iron and Steel Company, has finally advised Government that it is pulling out of the deal. Highly placed Government


Australia's Fortescue loses bid to develop Guinea iron ore ...
Wed, 13 Nov 2019 23:54:07 GMT
Fortescue Metals Group lost out in its bid to develop two blocks at the Simandou iron ore deposit in Guinea, the Australian miner said on Thursday. A China-backed consortium of French, Singaporean and Guinean interests won the tender through its $14 billion bid, sources told Reuters - on Wednesday. Fortescue said the Guinean government told them it would go ahead with detailed negotiations with the preferred bidder in the coming


PRESS RELEASES - World's steel producing regions call for extension ...
Tue, 22 Oct 2019 00:00:00 GMT
Nineteen steel industry associations in the Americas, Europe, Africa and Asia today called for the governments of steelmaking economies to step up efforts to effectively tackle persistent global excess capacity in the steel sector, including by quickly implementing strong rules and remedies that reduce excess capacity, its impact and its causes. The industry groups emphasized that governments should use all available mechanisms and negotiation forums, including the G20 Global Forum on Steel Excess


Sasol's shock slump has wiped out billions - but it's not even ...
Thu, 23 May 2019 00:00:00 GMT
Fakude says she is looking forward to 'working with government and regulators to help set up South Africas mining industry for long term


Number of news reports: 12