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Baker McKenzie South Africa Banking & Finance team advises Arcelormittal South Africa on borrowing base facility

Baker McKenzie South Africa Banking & Finance team advises Arcelormittal South Africa on borrowing base facility

2nd June 2017 Arcelormittal South Africa (AMSA) and its subsidiary, Saldanha Steel, have been granted a ZAR 4.5-billion revolving borrowing base facility with a... 

Davies promises support for downstream firms as he confirms steel safeguard duty

Davies promises support for downstream firms as he confirms steel safeguard duty 

By: Terence Creamer     8th May 2017 Trade and Industry Minister Dr Rob Davies confirmed on Monday that he had signed off on a hot-rolled coil (HRC) safeguard duty, but refused to be... 

Kumba earnings soaring on higher iron-ore prices

Kumba earnings soaring on higher iron-ore prices

By: Martin Creamer     25th January 2017 The earnings of Kumba Iron Ore, the Anglo American iron-ore mining company up for sale, are soaring on higher export prices – but whether or not... 

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At last, residual mining right returned to Kumba Iron Ore’s Sishen

At last, residual mining right returned to Kumba Iron Ore’s Sishen 

By: Martin Creamer     13th October 2016 A long-running legal dispute, which arose in 2010, came to a head on Thursday when South Africa’s Department of Mineral Resources (DMR) returned... 

South Africa not surrendering its steel industry, says Davies

South Africa not surrendering its steel industry, says Davies

By: Kim Cloete     23rd August 2016 South Africa’s steel industry is facing some serious challenges, brought on by a global steel glut of 44-million tons a year, but it is vital for... 

‘Steel committee’ to be set up to monitor AMSA’s ‘fair pricing’ pledge

‘Steel committee’ to be set up to monitor AMSA’s ‘fair pricing’ pledge

By: Terence Creamer     26th May 2016 Government would, within weeks, finalise a “fair pricing” agreement with steel producer ArcelorMittal South Africa (AMSA) and establish a “steel... 

FF Plus: Adv. Anton Alberts says ball is in motion to save Highveld Steel after FF Plus action

FF Plus: Adv. Anton Alberts says ball is in motion to save Highveld Steel after FF Plus action

25th February 2016 A request of the FF Plus addressed to the chairperson of the parliamentary portfolio committee on trade and industry to urgently intervene in an... 

Evraz Highveld creditors vote in favour of rescue plan

Evraz Highveld creditors vote in favour of rescue plan 

By: Terence Creamer     13th October 2015 Evraz Highveld Steel and Vanadium (Highveld) creditors on Tuesday voted in favour of a business rescue plan, which includes a buy-out offer from... 

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