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Policy, finances seen hampering South African steel decarbonisation
Fri, 19 May 2023 00:00:00 GMT
South Africas steel industry is taking bold and determined steps to fast-track decarbonisation, but financial and policy challenges are hampering progress, says the South African Iron and Steel Institute (SAISI). The EUs implementation of the Carbon Border Adjustment Mechanism (CBAM) is meanwhile expected to have a significan't impact on South African steel exports. Around

Iron ore dips as China seeks to stop malicious price speculation
Tue, 10 Jan 2023 00:00:00 GMT
Dalian and Singapore iron ore futures fell on Monday after Chinas state planner vowed to ramp up efforts to regulate prices of the steelmaking ingredient and crack down on malicious price speculation. The National Development and Reform Commission is highly concerned about fluctuations in iron ore prices after noticing a recent sharp rise, it said in a statement on Friday. The most-traded May iron ore contract on Chinas Dalian Commodity Exchange DCIOcv1 ended daytime trade 2.5% lower at

MENA can lead the world in green steel production Report
Sat, 17 Sep 2022 00:00:00 GMT
The Middle East and North Africa (MENA) region is in a prime position to start producing carbon-neutral or green steel, a new report from the Institute for Energy Economics and Financial Analysis said. The MENA region can lead the world if it shifts promptly to renewables and applies green hydrogen in its steel sector, said author of the report Soroush Basirat. The steel sector in the region is dominated by Direct Reduced Iron-Electric Arc Furnace (DRI-EAF) technology, which releases lower

Australias Fortescue inches closer to iron ore exploration in ...
Sun, 21 Aug 2022 00:00:00 GMT
Australias Fortescue Metals Group said on Friday a majority-owned joint venture signed an agreement with Gabon that will pave the way to study and obtain a licence to explore the Belinga iron ore project in the West African nation. The licence will be sought by Ivindo Iron SA, a joint venture in which Fortescue holds 80% interest. Africa Transformation and Industrialization Fund owns the rest. The agreement outlines key terms for the exploration of potentially one of the worlds largest

Guinea halts Simandou iron ore project work again
Tue, 05 Jul 2022 00:00:00 GMT
Guineas mines minister has ordered all work related to the Simandou iron ore mine project halted after the two companies involved missed an extended deadline to agree on a joint venture, a letter seen by Reuters - showed on Monday. Rio Tinto RIO.L and Chinese-backed consortium Winning Consortium Simandou (WCS) had showed a lack of willingness to work on a partnership, Mines Minister Moussa Magassouba said in the letter, which was dated July 3. Despite the significan't concessions the

Be bold in your digital transformation: C4L and LCL conference
Thu, 16 Jun 2022 00:00:00 GMT
EUROMETAL participated in the conference Digitalising logistics and supply chains to reinforce resilience of the Cluster for Logistics and the Luxembourg Centre for Logistics and Supply Chain Management that took a good look at innovation and what to take into consideration when planning new projects. The Masters of ceremony, Malik Zeniti, C4L Director, and

Number of Africa news reports: 6
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