South Africas Hernic may cut ferrochrome output on Eskom tariff, lower Chinese demand
Accordingto Reuters, Hernic Ferrochrome said it may cut output early in 2010 if powerutility Eskom implements a high tariff, and also on expected lower Chinesedemand. The company said it was preparing for a decline in Chinese demand owingto the global economic crisis. Hernic CEO Tetsu Kotaki told Reuters that pricesof ferrochrome were also expected to drop due to the expected lower demand bythe markets. He added the company is monitoring the situation but may have toconsider a cutback in Q1 next 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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