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West Coast. Saldanha Bay could attract investments worth R83bn.

As the municipality of Saldanha seeks to develop and diversify its economy, the focus is on the concept of it becoming a ‘Clean Technology Bay’, which could see up to R83-billion invested into the area by 2030, creating up to 40 000 jobs. The Saldanha industrial development hinges on sustainable ‘green’ developments, and covers integrated port management, clean-tech bay framework, the...

Exxaro deliver more coking coal to ArcelorMittal

Black economically empow
ered mining major Exxaro 
reported at the presentation of results for the six months ended June 30 that increased demand from steel producer ArcelorMittal South Africa had seen its supply of coking coal into the 
domestic market grow by 29%. Exxaro financial director Wim de Klerk reported that, because of industrial action by Transnet Freight Rail employees and com-
plications...

Kumba Loses Appeal Over Sishen Stake

MINERAL Resources Minister Susan Shabangu has rejected Kumba Iron Ore’s appeal against the granting of a prospecting right over part of the Sishen mine to Imperial Crown Trading 289. The country’s largest iron-ore producer, Kumba, is left with the courts as its only recourse to contest the Department of Mineral Resources’ decision to grant Imperial a right to prospect for iron ore...

Transnet Saldanha Bay, plans to buy up to 100 locomotives

State-owned freight logistics group Transnet will aim to purchase between 75 and 100 locomotives a year over “a prolonged period” to reduce the average age of its locomotive fleet from 30 years to below 20 years, acting CEO Chris Wells reports. Writing in the group’s 2010 annual report, released on Friday, Wells indicated that the intention was to “smooth” the acquisition...

ArcelorMittal SA to buy ICT should Sishen rights be confirmed.

Local steel producer ArcelorMittal South Africa (AMSA) on Tuesday announced that a subsidiary company would acquire Imperial Crown Trading 289 (ICT) for R800-million, with the shareholders in ICT also to be included in AMSA’s R9,1-billion black economic-empowerment (BEE) deal. ICT had controversially been awarded prospecting rights over the 21,4% interest in the Sishen iron-ore mine, which AMSA had...

Saldanha Bay, Mittal & Kumba agree on iron ore pricing.

ArcelorMittal South Africa expected third-quarter earnings would decline from the second quarter as the company grappled with lower international steel prices, falling demand and higher input costs, chief executive Nonkululeko Nyembezi-Heita said yesterday. ArcelorMittal SA, the local unit of the world’s biggest producer of steel, also announced that it would cancel a surcharge on steel products...

R83bn West Coast projects could create jobs.

BILLIONS of rands are set to be pumped into the West Coast’s Saldanha Bay over the next 20 years, radically changing it into an industrial powerhouse and creating thousands of jobs. Five major projects are on the cards for the town. They include developing the port economy, increasing its bulk export capacity, building a renewable energy plant, exploiting its oil and gas potential, and a massive...

"Solar City" planned for Saldanha Bay

A Dutch property developer plans to build what he calls a “solar city” – a multi-billion rand, green housing project that will be self- sustaining and completely powered by renewable energy in Saldanha Bay. He believes that it will be a world first. Property investor Robert Baron owns three farms – a total of 1 600 hectares of land. He and several foreign investors plan to...

Sishen to Saldanha. Transnet extends iron line shutdown

Transnet Freight Rail (TFR), Transnet’s largest division by revenue, said on Monday that it has delayed the reopening of the export iron ore line, which was shut down after “extensive damage” following a derailment last week. The freight train derailed near Vredenburg north of Saldanha in the Western Cape on Thursday July 22. It was en route from Kumba Iron Ore’s (KIO) Sishen...

Saldanha Bay. Kumba Iron Ore considering a Value share arrangement.

South Africa’s iron-ore miner Kumba Iron Ore (KIO) has confirmed that it is considering a “conditional” value-sharing arrangement for the 6,25-million tons of iron-ore that it mines for ArcelorMittal South Africa (AMSA) and has previously supplied to the steel producer under a cost-plus 3% arrangement that flowed from the 2001 unbundling of Iscor. The miner met with the Trade and...