Despite headwinds in financing and power markets, Iron Road said its focus remains on long-term value creation through the CEIP and associated downstream opportunities.
South Africa’s top development finance institution is working with financial advisers on a possible bid of about R8.5-billion for control of ArcelorMittal’s business in the country
ASX-listed Genmin has achieved further progress in its collaboration with Sinohydro Corporation, a majority owned subsidiary of Chinese State-owned integrated engineering and construction conglomerate
In addition, because of the premium quality of South Africa’s iron-ore, Kumba managed to achieve a price 8% higher than the benchmark, despite the market environment being disrupted by US-induced tariff talk.