China Steel Corp. (CSC) announced to joint-venture with South Africa's Assmang Ltd. and Japan's Sumitomo Corp. to build up a new alloy plant in Malaysia. The total investment costs about $320 million, which Assmang owns a 54.36 percent ...
Tags: Steel, Construction, Metallurgy, Mineral, Energy
SABMiller plc today provides an update on trading during the six months ended 30 September 2013. The calculation of the organic growth rates excludes the impact of acquisitions and disposals on net producer revenue and volumes. Alan ...
Tags: SABMiller plc, Trading Update
Major domestic manufacturers accelerating their overseas expansion in developed markets After weathering more than two years of weak domestic sales and struggling with excess capacity, China's construction machinery market is set for a ...
Global market revenues for solar photovoltaic (PV) inverters will drop by 9% in 2013, due to rapid price declines for commercial and utility-scale inverters and intense cost pressure in mature markets such as Germany and Italy, according to ...
South Africa's electricity provider Eskom has signed a loan agreement of more than 100 million U. S. dollars to build a 100 MW solar power plant, the state-run company said on Wednesday. In a statement released in Johannesburg, Eskom ...
Tags: Metallurgy, Mineral, Energy, Clean Energy, solar power plant
German carmaker Mercedes-Benz is set to invest ZAR3bn ($302m) in South African operations to increase local output to 100,000 units annually. Currently producing 60,000 units on an annual basis, the company plans to add new technology and ...
Tags: Mercedes-Benz, Car Production
South Africa-based miner Coal of Africa Limited (CoAL) has announced that in August this year its board approved a ZAR 220 million ($22.09 million) expansion at Vele colliery. This is in line with the company's publicly announced strategy ...
Tags: Metallurgy, Mineral, Energy
Zurich Insurance Company South Africa, a subsidiary of the Zurich Insurance Group, has inked an agreement to purchase 100% ownership of BnB SURE Proprietary, for an undisclosed sum. The current announcement stems up from a development in ...
Tags: Zurich Insurance, Insurance
McCain Foods, a frozen food company based in Canada, is set to close its Penola potato processing plant in South Australia by the end of this year, while leaving 59 jobs at risk. The decision has been taken due to rising input costs, raw ...
Tags: McCain Foods, Potato Processing
Pioneer Foods, a South African food manufacturer, reportedly plans to cut more than 1,200 jobs, as part of its restructuring process to slice input costs in the wake of declining consumer spending. It is believed that employees from the ...
Tags: Pioneer Foods, breakfast cereal
NOV Mono Industrial has announced the appointment of Dave Johnson as the new Managing Director for Australia, New Zealand, Papua New Guinea, the Pacific Islands, South Africa, India, Pakistan, and Sri Lanka. The appointment marks the ...
Collaborative partnership is needed to address problems in the mining sector, South Africa's Deputy President Kgalema Motlanthe said on Monday. "These problems cannot be addressed by any one group acting alone, they will require ...
According to the preliminary data released by Statistics South Africa, in August this year the country's manufacturing output rose slightly by 0.2 percent compared to the same month of 2012, while the seasonally adjusted manufacturing ...
South Africa's financial services group Sanlam Emerging Markets (SEM) in engaged in negotiations with Nico Holdings, to acquire 49% stake in the general insurance operations in Malawi, Tanzania, Uganda and Zambia. Financial terms of the ...
Tags: General Insurance
According to the preliminary data released by Statistics South Africa, in August this year the country's mining production increased by 2.1 percent year on year, while the seasonally adjusted mining production index in August decreased by ...
Tags: Iron Ore Mining, Mineral