ArcelorMittal South Africa seeks to buy coal and iron ore mines
ArcelorMittal South Africa is looking to buy coal and iron ore mines withfunds set aside on its balance sheet, CEO Nonkululeko Nyembezi-Heita told BusinessDay. The company wants to identify mining assets that complement itsactivities, she said and to consider acquisitions and partnerships. Bloombergreported that ArcelorMittal may also use the money to bid for Zimbabwe Iron& Steel Co and needs to keep reserves due to lack of clarity over salesthis year.
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more
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