Metals

World Bank launches fund to support sustainable mining

mining excavator 1736293 640The World Bank has launched a climate-smart mining facility, a multi-million fund that aims to support sustainable extraction and processing of minerals used in clean energy technologies such as wind, solar power, batteries for energy storage and electric vehicles

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Liberia signs MoU with Niron for iron ore export project

train 1430637 640The Government of the Republic of Liberia and Niron Metals Plc have signed an MoU, regarding the passage through Liberia of iron ore from the Zogota iron ore deposit in the Republic of Guinea

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MENA steel demand is set to recover in 2020, reports worldsteel

steel factoryGlobal steel demand is projected to reach 1,735 mt in 2019, up 1.3 per cent from 2018, and 1,752 mt in 2020, according to a report by the World Steel Association (worldsteel)

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Raysut Cement eyes US$100mn takeover of Kenya’s ARM Cement

Mr Ahmed bin Yousef bin AlawiOman’s one of the leading cement manufacturers Raysut Cement Company is planning to acquire ARM Cement of Kenya, a move that is in line with Raysut’s strategy to expand businesses in East and Central Africa

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South Africa welcomes US product exemptions for imports

steel 25As the US Department of Commerce granted product exemptions for imports of 161 aluminium and 36 steel products from the Section 232 duties that the US imposed against foreign imports, South Africa has welcomed the decision

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