West Coast Business News & Directory.

Saldanha ore line to receive another 32 locomotives

South Africa’s freight logistics group Transnet Freight Rail (TFR) on Wednesday announced that it had placed an order for 32 new 15E locomotives for its iron-ore line between Sishen and Saldanha, in line with a target to boost capacity to 61-million tons a year on the 860-km line. Transnet newly appointed CEO Brian Molefe said service levels were expected to improve significantly as TFR progressively...

Port Saldanha, LPG storage facility environmental impact assessment underway.

Notice of environmental impact assessment Proposed installation of an LPG storage facility adjacent to the Port Saldanha. Invitation to Comment Sunrise energy (Pty) Ltd propose to develop a Liquid Petroleum Gas (LPG) storage facility adjacent to the Port of Saldanha on the West Coast, Western Cape Provinece,  Illtha Projects has been retained to provide Project Management, Engineering and Construction...

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...

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...

Transnet to reopen Sishen–Saldanha line on Wednesday

JOHANNESBURG (miningweekly.com) – The Sishen–Saldanha railway line would be reopened on Wednesday evening, Transnet Freight Rail (TFR) spokesperson Sandile Simelane confirmed on Monday. The railway line was closed on Thursday afternoon, after a train transporting iron-ore from Kumba Iron Ore’s Sishen mine to the port of Saldanha derailed near Vredenburg. One diesel and one electric locomotive,...

Transnet planning expansion of the Sishen-Saldanha corridor.

KUMBA Iron Ore has reached a “new spirit of cooperation” with Transnet Freight Rail (TFR) over the expansion of the Sishen-Saldanha export corridor beyond a capacity of 60 million tonnes (MT) per year. That’s according to CEO Chris Griffith , who spoke to financial media at the group’s Sishen iron ore mine. Griffith said Kumba, rival iron ore exporter Assmang and manganese producer Samancor...

ArcelorMittal in Saldanha Bay could be facing iron ore supply problems.

Kumba Iron Ore appears to have dealt steel giant ArcelorMittal South Africa another body blow in the ongoing battle between the two companies. The Mail & Guardian understands that Kumba has applied for a 21% share in the mining rights to the Sishen mine, which lie at the heart of the corporate bun fight. The matter is being closely watched as it ultimately goes to the heart of steel pricing in...

South African commodity lines at heart of Transnet investment plans

Mining Weekly reported that Transnet commodity corridors in South Africa were likely to be the main beneficiaries of the State owned transport utility’s expanded 5 year capital investment program. Mr Chris Wells acting CEO of Transnet said that the new plan, which would be unveiled in February, would probably involve a 10% increase in the budget of the current rolling plan which stands at ZAR...