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Rio Tinto says it is optimistic about China's growth - state media
Rio Tinto says it is optimistic about China's growth - state media
12th December 2023 By: Reuters

Global miner Rio Tinto is optimistic about China's economic growth potential and will stick to its long-term strategy there, its chairman, Dominic Barton, said after a rare meeting on Tuesday with... 


A solar flare
Researchers report that space weather events could endanger railway safety
12th December 2023 By: Rebecca Campbell

Researchers at the University of Lancaster in the UK have determined that significant space weather events could interfere with railway signalling systems at sea level, on Earth, thereby creating... 


ACI dips to levels last seen at start of Covid-19 as industry buckles under challenges
11th December 2023 By: Marleny Arnoldi

The Agricultural Business Chamber (Agbiz)/Industrial Development Corporation Agribusiness Confidence Index (ACI) deteriorated by ten points to 40 in the fourth quarter of the year. Notably, Agbiz... 


generic doctor with stethoscope
Passage of NHI Bill would spell disaster for the health sector – BLSA
11th December 2023 By: Darren Parker

Business Leadership South Africa CEO Busi Mavuso has warned of the deteriorating health sector without the prospect of recovery, owing in large part to the passage last week of the National Health... 


An image of Anglo American CE Duncan Wanblad
Anglo reconfigures some assets as it targets lower costs, capex
8th December 2023 By: Tasneem Bulbulia

Global diversified miner Anglo American is focusing on improving its cost performance and cash generation by reconfiguring several assets to adjust the production profile to near-term constraints... 


Metalworker
Seifsa warns of dire consequences if govt fails to intervene on AMSA longs closure
8th December 2023 By: Terence Creamer

The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is calling on government to take urgent and decisive action to support the domestic steel sector following ArcelorMittal... 


Barloworld expects slowdown in mining equipment sales as commodity cycle cools
8th December 2023 By: Irma Venter

Barloworld expects a 10% to 15% decline in the 2024 Southern African mining equipment industry on the back of slowing commodity demand and weak commodity prices. “Having said that, we are... 


Photo of Terence Creamer
No love, but some sympathy
8th December 2023 By: Terence Creamer

There is not much love for ArcelorMittal South Africa (AMSA). The near-monopoly business is seen as over-protected, and under responsive by many of its customers. Many questions have been raised... 


Image of iron-ore stockpile
Belinga Iron Ore project, Gabon – update
8th December 2023 By: Sheila Barradas

The first product was ready for shipment on December 4. 


Image of hydrogen electrolysis concept
Boegoebaai green hydrogen programme, South Africa – update
8th December 2023 By: Sheila Barradas

Financial adviser Mizuho International has been appointed to assist Sasol by facilitating an “international search for partners to co-invest and . . . complete further studies" at Boegoebaai. 


Image of manganese ore
Chvaletice manganese project, Czechia – update
8th December 2023

Euro Manganese has signed definitive agreements with OMRF for $100-million in nondilutive financing to advance the project. 


Image of iron-ore stockpiles
Simandou iron-ore project, Guinea – update
8th December 2023 By: Sheila Barradas

Rio Tinto has earmarked about $10-billion a year in capital investments from 2024 to 2026. 


The Mogalakwena PGMs mine
Anglo American preps sweeping cost cuts as price rout bites – sources
7th December 2023 By: Reuters

Anglo American is preparing to freeze spending on growth and widen job cuts in South Africa, going far beyond its initial savings target and paving the way to mothballing some higher-cost platinum... 


Simandou stands out as the world’s biggest untapped high-grade iron-ore deposit, and if approved, promises to be the most extensive greenfield integrated mine and infrastructure investment across the African continent.
Rio Tinto investing $10bn/y in capex, spotlight on Simandou
6th December 2023 By: Mariaan Webb

Diversified major Rio Tinto has earmarked about $10-billion a year in capital investments from 2024 to 2026, with the cornerstone of its investment strategy over the next three years being its... 


Rio Tinto brings forward Simandou iron-ore production to 2025
Rio Tinto brings forward Simandou iron-ore production to 2025
6th December 2023 By: Reuters

Rio Tinto on Wednesday brought forward the start of production from its giant Simandou iron ore project in Guinea to 2025 with plans to spend about $6.2-billion including on port and rail... 


Road Freight Association CEO Gavin Kelly
Greater govt support for multimodal efficiencies needed, experts agree
5th December 2023 By: Marleny Arnoldi

The cost of logistics in South Africa has increased significantly in the last eight years to about R800-billion a year at present and accounting for half of all products’ inherent costs. This... 


Agbiz CEO Theo Boshoff
Agbiz optimistic about market expansion with addition of new Brics members
5th December 2023 By: Marleny Arnoldi

With more countries to become members of the Brazil, Russia, India, China and South Africa (Brics) grouping, the South African agricultural industry will seek to deepen trade with these countries,... 


Containers at the Durban port
South African business activity flatlines in November – PMI
5th December 2023 By: Reuters

South African private sector business activity flatlined in November, with a cooling of price pressures counteracted by supply chain disruptions due to a port crisis, a survey showed on Tuesday.... 


Rhodes Ridge has 100Mt/y hub potential, says Rio Tinto
Rhodes Ridge has 100Mt/y hub potential, says Rio Tinto
5th December 2023 By: Creamer Media Reporter

The Rhodes Ridge project, considered to be one of the world’s best undeveloped iron-ore deposits, is progressing to a prefeasibility study (PFS), with Rio Tinto approving A$110-million to advance... 


Trade, Industry and Competition Minister Ebrahim Patel
South African auto sector to produce first EVs in 2026, says Patel at launch of key White Paper
4th December 2023 By: Tasneem Bulbulia

The Department of Trade, Industry and Competition (dtic) on December 4 released the Electric Vehicles (EV) White Paper, as well as the Green Hydrogen Commercialisation Strategy final report.... 


SAAFF CEO Dr Juanita Maree
SAAFF welcomes R47bn facility guarantee for Transnet's recovery
4th December 2023 By: Darren Parker

The South African Association of Freight Forwarders (SAAFF) says the R47-billion facility guarantee extended to Transnet, as announced by the government on December 1, is welcome as it may indeed... 


Procurement evolves from a dog-eat-dog world to empowering underdogs, collaborating with suppliers, and caring for the environment and communities
4th December 2023

The ongoing evolution of procurement has seen the profession develop from a back-office function to a driver of business strategy. It has also shifted from a competitive dog-eat-dog arena - where... 


naamsa warns port, rail challenges will negatively impact on South Africa's automotive sector
1st December 2023 By: Creamer Media Reporter

Industry organisation naamsa | The Automotive Business Council says the current logistical challenges at South Africa's ports and across the entire freight rail network in the country are impacting... 


Boegoebaai greenfield site
Sasol appoints adviser to search for Boegoebaai hydrogen export hub coinvestors
1st December 2023 By: Terence Creamer

A financial adviser has been appointed to assist Sasol in a search for potential coinvestors into a green hydrogen and ammonia export hub at Boegoebaai, in the Northern Cape, following the... 


Seifsa president Elias Monage
Opinion: The collapse of the Steel Master Plan and disintegration of industry
1st December 2023

In this opinion article, Steel and Engineering Industries Federation of Southern Africa (Seifsa) president Elias Monage writes about the importance of the steel industry and the challenges the... 


Factory manager outlook worst since Covid lockdown
1st December 2023 By: Bloomberg

Factory managers in South Africa are the most pessimistic they’ve been about the outlook for business conditions since the strictest months of a Covid-19 lockdown three years ago, amid continuing... 


Reach stackers are revolutionising container handling processes
Reach stackers are revolutionising container handling processes
1st December 2023

Container yards are essential for the global transportation of goods, and the cargo handling equipment that gets utilised within them is critical to make the handling process as seamless and... 


Finance Minister Enoch Godongwana
Treasury says equity injection can be averted as it unveils R47bn Transnet guarantee
1st December 2023 By: Terence Creamer

A R47-billion guarantee facility, effective immediately, has been extended to struggling State-owned freight logistics group Transnet in support of its recovery plan and to meet its immediate debt... 


Magazine cover image
PRASA sets sights on big recovery in passenger trips by 2030
1st December 2023 By: Irma Venter

Like many other State-owned entities, the Passenger Rail Agency of South Africa (PRASA) has had its share of scandals. Its board chairperson was fired following an investigation into abuse of PRASA... 


Magazine cover image
PRASA sets sights on big recovery in passenger trips by 2030
1st December 2023 By: Irma Venter

Like many other State-owned entities, the Passenger Rail Agency of South Africa (PRASA) has had its share of scandals. Its board chairperson was fired following an investigation into abuse of PRASA... 


Exxaro widens critical metals search to greenfield assets
29th November 2023 By: Reuters

Exxaro Resources is expanding its search for critical mineral assets to greenfield projects, the miner said on Wednesday, as it pursues its strategy to diversify away from coal. Exxaro, one of... 


A steel section being made
Finding immediate steel alternatives a concern as AMSA prepares to wind down longs unit
29th November 2023 By: Terence Creamer

ArcelorMittal South Africa (AMSA) has indicated that it will enter discussions with buyers of its noncommodity long-steel products in an effort to limit the disruption that is set to arise because... 


Busa president and Discovery CEO Adrian Gore
Gore warns of ‘plateauing’ pace of delivery on power, logistics, crime reforms
29th November 2023 By: Terence Creamer

Business Unity South Africa (Busa) president Adrian Gore has warned that the pace of delivery across the joint initiatives being taken with government on electricity, logistics and crime is... 


Shipping container
100 000 containers now stuck outside three SA ports - as new penalties and price hikes loom
29th November 2023 By: News24Wire

In recent weeks, container ships have been bypassing the congested and delay-ridden Cape Town harbour to berth at the Port of Port Elizabeth in Gqeberha and the Ngqura (Coega) port, reports the... 


ArcelorMittal South Africa CEO Kobus Verster
ArcelorMittal SA CEO sees no way of avoiding longs closure, says wind down to start in Jan
28th November 2023 By: Terence Creamer

ArcelorMittal South Africa CEO Kobus Verster believes there is no immediate prospect of addressing the structural issues undermining the financial viability of the group’s long-products business... 


An image showing Road Freight Association CEO Gavin Kelly
RFA, SAAFF, Hume reiterate concern about South Africa’s logistics performance
28th November 2023 By: Tasneem Bulbulia

Representative organisation the Road Freight Association (RFA) emphasises that the deterioration of South Africa’s ports and rail has been a slow, continued process over at least ten years, and... 


Tanzania plans new $5.6bn rail line to iron-ore, coal-rich area
28th November 2023 By: Bloomberg

Tanzania is seeking $5.6-billion for a new railway in the south linking the Indian Ocean to Lake Nyasa and traversing regions rich in iron-ore, coal and graphite. The East African nation is looking... 


The Newcastle Works
3 500 jobs at risk as ArcelorMittal mulls closure of longs units at Newcastle, Vereeniging
28th November 2023 By: Terence Creamer

Steel producer ArcelorMittal South Africa has indicated that it may close its long-products business, which could result in the loss of 3 500 direct and contractor jobs at its Newcastle and... 


PRASA dismisses employee following fraud investigation
24th November 2023 By: Schalk Burger

State-owned passenger rail company the Passenger Rail Agency of South Africa (PRASA) has dismissed an employee for the alleged theft of R34.5-million. PRASA detected irregular payments during... 


R5 coin
Reserve Bank slightly more positive about inflation, but Transnet crisis now serious threat
24th November 2023 By: News24Wire

Even after annual consumer inflation shocked the market on the upside on Wednesday, rising to 5.9% in October – higher than any economist surveyed had forecast – the Monetary Policy Committee kept... 


Photo of Terence Creamer
Loadshedding and port congestion make headlines
24th November 2023

Creamer Media editor Terence Creamer discusses the lagging procurement of new electricity generation and addition of crucial grid infrastructure, as well as the dire situation at Transnet's ports... 


President Cyril Ramaphosa
Ramaphosa talks tough over Transnet incompetence as ports nightmare rages on
24th November 2023 By: News24Wire

President Cyril Ramaphosa vowed that Transnet would shed itself of incompetence and address the major backlogs at the country's ports. If not, it could see the economy continue to bleed. On... 


An aerial view of load haul dump trucks carrying sand and rubble from the construction site of Pensana's Longonjo Mine in Angola
Angolan rare earth project construction progressing
24th November 2023

Magnet metals miner Pensana, continuing with the site development works for its rare-earth elements Longonjo project, in Angola, reported towards the end of August that it was progressing with site... 


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