Egyptian Steel planning for IPO in 2015

steel pipesManufacturer Egyptian Steel has announced that it has planned for an initial public offering (IPO) in 2015 and expects to float up to 30 per cent of its shares in the local stock market

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Platinum production venture created in Zimbabwe

Platinum-4jg29dState-owned Zimbabwe Mining Development Corporation (ZMDC) has formed a platinum metal production joint venture with UK-listed Eurasian Natural Resources Corporation (ENRC) and an unnamed Chinese firm

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Nigeria begins steel verification

steel sxcNigeria has launched a verification system for its steel in an attempt to ensure quality of products churned out from the country’s steel sector

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Kenyan steel maker to invest in metal sheet production

steelplate  erixKenya-based steel company Devki Group will invest US$321.2mn in the manufacturing of metal sheets used to produce roofing sheets and key automobile components

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Magnetite access to help IDC in building new steel mill

iron  KC TohSouth Africa's state-owned Industrial Development Corporation (IDC) has obtained access to key steelmaking feedstock, magnetite, which will help it in achieving its goal of building a new steel mill

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