Search Results for "rail"
US-based mineral exploration and development company High Power Exploration (HPX), which is backed by Ivanhoe Mines co-chairperson Robert Friedland, has signed a letter of intent (LoI) with the Liberian government and pan-African diversified investment and operations group Guma Africa Group to...
Leading steel products manufacturer Naledi Ringrollers has, for more than 50 years, been committed to high-quality standards and is making significant strides in the railway, general engineering, automotive and petrochemical industries. Through increased production capacity, Ringrollers has...
Pensana has concluded a nonbinding term sheet with the Longonjo lender consortium for a project finance debt facility of up to $156-million.
Development finance institution the Development Bank of Southern Africa (DBSA) has introduced a new financing instrument called Project Vumela, which blends municipal revenue sources with financing from development finance institutions and commercial finance. Revealed in the 2024 Budget Review on...
Both Cabinet and organised business have lauded the five-year public-private partnership agreement between Sasol and Transnet Freight Rail (TFR), under which the energy and chemicals group will fund the maintenance and repair of a dedicated fleet of 128 ammonia tankers. In a statement following...
Organised business says the appointment of a permanent executive team at Transnet – led by CEO Michelle Phillips, who has been acting in the role since September and who has been with the utility for 20 years – will enhance stability in the relationships between Transnet and the business sector...
JSE-listed AECI, which is undergoing far-reaching restructuring to re-focus on its core mining and chemicals businesses and reduce debt, reports strong initial interest in the six noncore companies that it plans to dispose of over the coming 18 months for combined proceeds of about R2.5-billion....
Amid the global transition to cleaner energy sources, African countries face various challenges and opportunities pertaining to the adoption of renewable energy. Consulting firm Boston Consulting Group (BCG) partner Rudi van Blerk noted during an online discussion on February 27 that many African...
Leading steel products manufacturer Naledi Ringrollers has, for more than 50 years, been committed to high-quality standards and is making significant strides in the railway, general engineering, automotive and petrochemical industries.
Theta Gold Mines has selected a subsidiary of Power Construction Corporation, of China, for the construction of its TGME gold plant, tailings storage facility and wastewater dams.
The South African new-car market has been shifting steadily over the last few years as consumers continue to battle persistent economic headwinds. Times are tough. Interest rates, living costs, fuel prices and new-vehicle price tags are all high, driven by not only international turmoil, but also...
The Kamoa-Kakula Copper Complex, in the Democratic Republic of Congo (DRC), and commodities trader Trafigura have both signed a term sheet outlining the key terms for a reserve capacity agreement for transporting mineral products from the mine along the Lobito Atlantic railway corridor, a new...
The criminal syndicates that regularly bring South Africa’s coal export line to a halt have been identified through the intelligence operations that are conducted by Transnet Freight Rail (TFR). What is lacking is the ability of law-enforcement agencies to then work on information, see to...
Anglo American subsidiary Kumba Iron Ore CE Mpumi Zikalala has reiterated that State-owned Transnet’s rail performance challenges have placed so much pressure on Kumba’s value chain that the company has had to moderate its production rates. Following the completion of the yearly logistics...
Steel producer ArcelorMittal South Africa (AMSA) has deferred the wind-down of its long-products business by six months amid widespread concern regarding the detrimental impact of the closure on downstream industry and jobs and following consultations with government and other affected...
Diversified miner Anglo American has agreed to acquire, from Brazilian iron-ore miner Vale, the high-quality Serra da Serpentina iron-ore resource and integrate it into its contiguous Minas-Rio mine. Anglo will continue to control, manage and operate the Minas-Rio operation, including any future...
Finance Minister Enoch Godongwana maintained focus on fiscal discipline and balancing the need to address socioeconomic challenges facing the country, industry organisation Minerals Council South Africa said in response to the Minister’s Budget Speech on February 21. South Africa, however, needs...
The South African government is proposing to reduce its planned allocations to Eskom under a previously announced R254-billion debt-relief package by R2-billion a year for the 2023/24 and 2024/25 periods, owing to the utility’s failure to dispose of the Eskom Finance Company (EFC) by the agreed...
The biggest port in Mozambique that’s become a key hub for global chrome exports will upgrade a railway link, bolstering a planned $2-billion capacity expansion. The African Development Bank is financing the purchase of $40-million of locomotives and wagons and another $30-million is under...
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