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Subsidise the steel, or let it flounder

by David McKay | 25 Jul 2010 - 1 comments

ArcelorMittal's Saldanha Steel was already on thin ice after two of the three factors underpinning its existence were removed in recent years: cheap labour and cheap power. Read ›
  • »Govt may rule in vexed iron ore dispute | Jul 23 2010
  • »Kumba arbitration could take two years | Jul 22 2010

    • Gazi diktat sea change or red herring?

    by David McKay | 20-Jul-10 18:06 | 2 comments

    Mines inspector, Thabo Gazi, has warned against 'posturing' by individual mining firms, a statement that makes his attitude hard to judge and raises questions about his latest safety push. Read ›

    SA loses amid iron ore brinkmanship

    by David McKay | 18-Jul-10 14:18 | comment here

    Foreign shareholders duking it out in Kumba Iron Ore and ArcelorMittal SA dispute is bad news for South African steelworkers. Read ›
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    MORE FROM OUR COLUMNISTS
  • › Subsidise the steel, or let it flounder | David McKay
  • › Gazi diktat sea change or red herring? | David McKay
  • › SA loses amid iron ore brinkmanship | David McKay
  • › Carroll nails colours to Anglo Platinum | David McKay
  • › SA mine bosses wimp out | Brendan Ryan
  • › A World Cup of mining executives | David McKay
  • › State participation in mining will grow | David McKay
  • › Randgold's road to contrition | David McKay
  • › No escape from nationalisation slur | David McKay
  • › China cooks up own tax reform plan | David McKay
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    1. »De Beers mulling bids for mines
      by I-Net | 29 Jul 2010 19:49
    2. »ArcelorMittal checks its management system
      by Brendan Ryan | 28 Jul 2010 13:59
    3. »First Uranium recovers some lost ground
      by Brendan Ryan | 29 Jul 2010 09:52
    4. »Aquarius considers temporary closure of Blue Ridge
      by Brendan Ryan | 29 Jul 2010 11:05
    5. »Lonmin's swap option on Akanani
      by Brendan Ryan | 29 Jul 2010 15:18
    1. » Kebble's final moments described
      by Sapa | 26 Jul 2010 15:56
    2. » Investec to sub-manage $190m Nomura fund
      by I-Net | 27 Jul 2010 11:59
    3. » Subsidise the steel, or let it flounder
      by David McKay | 25 Jul 2010 10:25
    4. » De Beers guarantees Ponahalo deal
      by David McKay | 23 Jul 2010 14:30
    5. » SA govt says Kumba, Amsa will settle
      by Reuters | 19 Jul 2010 19:16
    1. » Amsa warns of beneficiation review
      by Jan de Lange | 19 Jul 2010 08:53
    2. » Aquarius Platinum shares plunge
      by Brendan Ryan | 19 Jul 2010 10:42
    3. » Labat buys Aurora gold plants for R38m
      by I-Net Bridge | 20 Jul 2010 16:36
    4. » Motjoli to challenge Kumba in R11bn mine
      by Andile Ntingi | 26 Jul 2010 14:00
    5. » Bernard Swanepoel to chair Simmers
      by Brendan Ryan | 27 Jul 2010 18:14
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    Randgold's road to contrition

    by David McKay | 06-Jun-10 11:55 | 1 comments

    Relisted and looking to the future: Randgold & Exploration has hopes to become a mining investment firm. Legal rumblings remain a background noise, however. Read ›

    No escape from nationalisation slur

    by David McKay | 30-May-10 13:28 | 8 comments

    You can contextualise, rephrase, and even dismiss the prospect of state appropriation of South African mining assets, but you can’t escape the damage to the country’s investibility. Read ›

    China cooks up own tax reform plan

    by David McKay | 24-May-10 16:27 | comment here

    China is considering its own type of tax reform which, combined with Australia's Henry review may actually have a positive effect on metal prices, according to a recent Goldman Sachs report. Read ›

    Shanduka faced with overhauling history

    by David McKay | 16-May-10 15:16 | comment here

    The recapitalisation of Incwala had been coming for a while. Now with Shanduka Resources in the driving seat, how will it avoid the problems of the past? Read ›

    SA gold industry enters final chapter

    by David McKay | 09-May-10 11:16 | 4 comments

    Two of South African gold industry's flag bearers, AngloGold Ashanti and Gold Fields, are each trying to eke out the best of what's left of thinning economic reserves. Read ›

    Miners stunned by Australia's tax overhaul

    by David McKay | 02-May-10 11:27 | 3 comments

    The Australian government's proposal to lift mining firm's effective tax rate to 57% could be ominous for the sector as it heads into another period of sustained higher commodity prices. Read ›

    SA must source power outside Eskom

    by Jan de Lange | 26-Apr-10 09:44 | 4 comments

    Electricity utility Eskom lacks the capacity to grow and other suppliers of power have to be found otherwise South Africa cannot grow, writes Jan de Lange. Read ›

    Holland resorts to merger heroics

    by David McKay | 25-Apr-10 10:59 | 2 comments

    Some doubt Gold Fields can separately list its South African assets or combine them with AngloGold Ashanti's local mines. So what's the beef with Nick Holland's "high level talks"? Read ›
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