West Coast Business News & Directory.

I-WEC to start manufacturing. Facility to relocate to West Coast in 2012

South African wind turbine manufacturer Isivunguvungu Wind Energy Converter (I-WEC) on Thursday launched its new blade mould facility in the Cape Town harbour, where it will begin manufacturing its first 50 m rotor blade on December 5. Financial director Thomas Schaal said I-WEC would be the first wind turbine manufacturer in South Africa. At this stage, I-WEC had a single mould to produce rotor...

Proposed Arcelormittal Saldanha Steel Wind Energy Facility

Arcelormittal Saldanha works is proposing the construction of a Wind Energy Facility consisting of 6 wind turbines. On my way to work last week and spotted this notice on the fence at Saldanha Steel. News brought to you by West Coast Office National. We deliver Stationery & Business Supplies on the West Coast. 022 713 1111 www.pencil.co.za  

API’s first pipe mill to be followed by two more as water projects touch R5bn

Africa Pipe Industries (API) CEO John-Gordon Jansen van Nieuwenhuizen started planning his Sasolburg pipe plant in 2010, with the first project rolling off-line in January this year. He estimates the plant’s first year of turnover will be between R300-million and R400-million, with the facility, located close to steel producer ArcelorMittal South Africa, busy “from day one”. What is driving...

Saldanha Bay. $2,1bn titanium, zirconium project decision pending.

The results of a prefeasibility study on the proposed construction of an integrated titanium and zirconium minerals beneficiation complex in South Africa are under review. Investor consortium Rare Metals Industries (RMI) shareholders and partners will decide on whether to continue with the estimated R15,3-billion ($2,1-billion) project over the next three months. The shareholders and partners in the...

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...

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...

Govt shifts iron-ore emphasis from corporate rights to national interest

The South African government moved on Thursday to further shift the emphasis in the ongoing dispute between Kumba Iron Ore (KIO) and ArcelorMittal South Africa (AMSA) beyond the realm of corporate and legal rights, to one that was also sensitive to South Africa’s national interests. The State’s bid to influence the tone of the discussion began in earnest last Friday, when Trade and Industry...

Minister moves to save Saldanha Steel plant

Minister of Trade and Industry Rob Davies was meeting ArcelorMittal and Kumba today to try to ward off a threat to close Saldanha Steel with thousands of jobs at stake. His spokesperson, Sidwell Moloantoa Medupe, confirmed that Davies had requested the meeting after Kumba’s announcement on Friday that it would stop supplying iron ore to ArcelorMittal SA steel plants unless it agreed to new terms...