Kumba Iron Ore, a subsidiary of miner Anglo American Plc, has signed an agreement with ArcelorMittal South Africa (AMSA) to supply 6.25mn metric tonnes of iron ore annually to the steel manufacturer
Manufacturing
Egyptian Steel planning for IPO in 2015
Manufacturer 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
AfDB approves grant for water supply and sanitation study in South Sudan
The African Development Bank (AfDB) has approved a US$5.4mn grant for a study on water supply and sanitation development in 11 towns in South Sudan
US and African textiles groups appeal for renewal of AGOA
Textiles and garments associations in the USA and Africa have appealed to the American Congress to renew the African Growth and Opportunity Act (AGOA), which provides certain goods from African companies trade preferences in the US market
Platinum production venture created in Zimbabwe
State-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