Local fabricator makes ‘the world’s biggest rope shovel bucket’

Following two years of testing a smaller version at phosphate and phosphoric acid producer Foskor, in Phalaborwa, mining equipment manufacturer VR Steel has announced the completion of the largest fabricated rope shovel bucket in the world.

Warm response to new pumps

Minerals solution provider Weir Minerals Africa has released seven units of its newly launched centrifugal or expeller seal, which can be retrofitted to its Warman AH pumps, a heavy-duty slurry pump range.

Chinese mining majors reportedly eyeing noncore Anglo assets

China’s largest iron and steel trader, China Minmetals Corporation, which is also a major mining group, was last week reported by China Daily to be interested in buying the zinc assets of Anglo American plc. Another journal, the Chinese-language...

SA phosphate-rock miner to unveil empowerment deal next week

A black economic-empowerment (BEE) deal involving a 26% stake in South African phosphate rock and phosphoric acid producer Foskor would be unveiled next week, but it was likely that the listing of the company, initially scheduled for 2009, would...

IDC waiting for improved market conditions before pursuing Foskor JSE listing

It was unclear if South African phosphate and phosphoric acid producer Foskor would go ahead with its planned JSE listing this year, with CEO Alfred Pitse only willing to say that its main shareholder, the Industrial Development Corporation (IDC),...

IDC waiting for improved market conditions before pursuing Foskor JSE listing

It was unclear if South African phosphate and phosphoric acid producer Foskor would go ahead with its planned JSE listing this year, with CEO Alfred Pitse only willing to say that its main shareholder, the Industrial Development Corporation (IDC),...

IDC to sell stake in Foskor to black investors, community

The State-owned development finance institution, the Industrial Development Corporation (IDC), would initiate process to introduce broad-based black economic-empowerment (BEE) shareholding to phosphate and phosphoric acid producer Foskor. The...

Real Economy Report

From Creamer Media in Johannesburg, this is the Real Economy Report. Our top stories this week: we speak to the head of Industrial Development Corporation about its aspiration to materially increase its investment portfolio over the next five...

IDC to list phosphates-miner, High Court rules on silicosis, new iron-ore pricing moves

The State-owned Industrial Development Corporation (IDC) plans to list its majority-owned phosphates-mining concern and phosphoric acid producer, Foskor, on the JSE next year.