ARTICLES RELATING TO ARCELORMITTAL SA

ArcelorMittal swings back to profit

2014-05-09 09:20

ArcelorMittal SA says it returned to profit in the first quarter from a year ago as it benefited from higher production and better prices.

ArcelorMittal SA bruised

2013-08-01 08:55

ArcelorMittal South Africa, a unit of the world's top steelmaker, has reported a first-half profit loss as sales weakened and production dipped.

Amsa shares slide on force majeure

2013-02-12 12:58

ArcelorMittal SA shares extended losses after the steel producer said it would declare force majeure following the shut down of its Vanderbijlpark plant.

ArcelorMittal SA posts earnings loss

2012-10-31 09:29

ArcelorMittal SA has posted a third-quarter headline loss and expects an even worse fourth quarter due to lower domestic demand and production losses.

Competition Tribunal to hear steel merger

2012-08-29 14:37

The Competition Tribunal will hear a case involving the Industrial Development Corporation and its interest in purchasing Anglo American’s steel businesses.

Amsa shares near 7-year lows

2012-07-17 11:58

ArcelorMittal SA shares were pinned down in volatile trade near 7-year lows on lingering concerns about falling Chinese demand and its impact on steel prices.

Amsa boosts first-quarter profit

2012-05-10 09:03

ArcelorMittal SA has reported a rise in first-quarter profit, but warns that a drop in domestic demand, lower steel prices and higher costs would hit the second quarter.

JSE feed down, Amsa delays earnings

2012-02-07 08:33

The Johannesburg Stock Exchange says its regulatory news feed is not working due to a technical glitch, the latest system trouble to hit Africa's biggest bourse.

State eyes stake in steel sector

2011-11-23 09:35

SA may re-enter the steel production industry through establishing a state-owned firm or a partnership with the private sector, according to a report.

Amsa still plans to buy ICT - report

2011-10-04 09:18

ArcelorMittal SA could still buy Imperial Crown Trading to regain a disputed iron ore supply deal despite having ditched a BEE plan, says Business Report newspaper.

ArcelorMittal furnace out of action

2011-08-10 09:18

ArcelorMittal SA says a furnace at its Newcastle plant has failed and will be out of service for the next two months.

ArcelorMittal suffers 63% profit slump

2011-07-27 07:56

Hit by the rand and higher input costs, ArcelorMittal SA is downbeat about its prospects.

How to diversify shariah investments?

2011-07-08 10:37

A Fin24 reader seeks advice on building a sharia-compliant portfolio.

IDC to invest R10bn in green jobs

2011-02-13 08:42

The IDC has set aside R10bn to use mainly to make loans at very low interest rates available for labour-intensive projects, especially in green industries.

Steel price hike announced

2011-01-14 07:55

ArcelorMittal SA has increased its prices on all general flat and long steel products.

Amsa rejoins race for Zim's Zisco

2010-10-05 11:10

Zimbabwe has received five bids, including a new offer from ArcelorMittal SA, for the takeover of steel maker Zisco, reports state media.

Duduzane Zuma to 'donate' Amsa proceeds

2010-09-12 09:43

Businessman and son of President Jacob Zuma, Duduzane, has defended his involvement in BEE deals and vowed to give away 70% of his stake in ArcelorMittal SA.

Steel task team to report back soon

2010-08-25 13:57

A task team formed to look at ways to lower SA steel prices is to report its findings within two months, says an official.

Cosatu demands reversal of Zuma deal

2010-08-18 22:09

Cosatu has called on the government to reverse AcerlorMittal's empowerment deal that benefits President Jacob Zuma's son.

Zuma involved in final Mittal BEE deal

2010-08-10 14:04

ArcelorMittal SA has finalised its black economic empowerment deal, in a transaction that will include President Jacob Zuma's son Duduzane, says the steelmaker.

Kumba may get R9.4bn value uplift

2010-07-25 08:59

Analysts are already counting on a huge uplift to Kumba Iron Ore's market value following the interim sales agreement with ArcelorMittal SA.

War hots up over Sishen rights

2010-07-11 08:17

The three-way battle over the mining rights of the Sishen iron ore mine in the Northern Cape is gaining momentum as legal processes get under way.

 

JSE gets first black and female chair

2013-12-10 15:42

Nonkululeko Nyembezi-Heita will take over as the new independent non-executive chairperson of the JSE in 2014.

Amsa posts headline loss on force majeure

2013-05-10 08:01

ArcelorMittal SA has reported a headline loss of 67 cents a share in the quarter ended March 2013‚ on a 15% drop in revenue after a fire at the Vanderbijlpark steel plant.

Fire ravages ArcelorMittal SA plant

2013-02-12 08:05

A fire has caused extensive damage at ArcelorMittal's steel-making plant in Vanderbiljpark, forcing it to shut down, the company says.

ArcelorMittal SA ordered to stop ops

2012-10-24 10:06

ArcelorMittal South Africa says it has received a notice from government to cease operation at some units at its Vanderbijlpark plant on environmental concerns.

Kumba, Amsa extend supply deal

2012-08-23 11:31

Kumba Iron Ore has agreed to extend an interim supply deal with ArcelorMittal SA until the end of the year, as the companies wrangle to resolve a dispute over pricing.

Tax Sasol or nationalise it - SACP

2012-07-15 16:16

The SA Communist Party wants to see Sasol nationalised, but if this could not be achieved the petro-chemical giant should be subjected to a windfall tax on extra profits.

Court to rule on Sishen mining rights

2011-12-15 08:29

A high court will decide today whether the small but politically connected Imperial Crown Trading can keep a prospecting right it was awarded.

Kumba to be charged in rights dispute

2011-08-17 12:22

The government is to lay criminal charges against Kumba Iron Ore over its application for a mining right at the Sishen mine it did not yet own.

Gigaba takes on miner Exxaro

2011-08-01 12:33

Exxaro is shifting the blame by claiming high power costs and Transnet's poor service caused it to close a refinery, says the public enterprises minister.

Miners must join debate

2011-07-14 22:15

The mining sector needs to get talking to the state, says Jan de Lange.

Davies takes on Kumba

2011-03-23 10:50

Trade and Industry Minister Rob Davies says there are "plenty of players" willing to use cost priced ore from Sishen to produce steel.

ArcelorMittal SA back in the black

2011-02-08 10:03

ArcelorMittal SA has posted a return to full-year profit and expects solid results ahead.

ArcelorMittal SA swings to profit

2010-10-26 08:17

ArcelorMittal SA, a unit of the largest global steelmaker, has returned to a profit in its third-quarter but forecast lower earnings in the last quarter of the year.

Tide turns on ArcelorMittal BEE deal

2010-10-04 18:02

The PIC is the third institutional shareholder to express reservations about ArcelorMittal SA's R9bn BEE deal with the Ayigobi Consortium, which includes Imperial Crown Trading.

Ministers blamed for Amsa's 'plundering'

2010-08-26 06:45

Former ministers of trade and industry had to pay for allowing ArcelorMittal SA to "plunder" the country for decades, a senior ANC MP says.

Guptas under scrutiny

2010-08-22 11:32

More questions are being asked about how the Gupta brothers, friends of President Jacob Zuma, can be eligible to profit from empowerment.

Kumba sees quick Sishen resolution

2010-08-13 13:52

Kumba Iron Ore says it expects to solve the dispute over mineral rights in its Sishen mine before an interim price deal with ArcelorMittal SA expires in July next year.

ArcelorMittal SA reports turnaround

2010-07-28 07:52

Despite the impact of the strong rand, ArcelorMittal SA has returned to profitability.

Breathing space in steel clash

2010-07-23 07:59

Jobs are safe and exports will continue, but the temporary truce between Kumba Iron Ore and ArcelorMittal SA depends on steel prices and currency fluctuations.

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