Steel Industry News - Africa.

FG, Russian Consortium Sign MoU On Ajaokuta Steel Company, NIOMCO ...
ajaokuta nigeria steel
Fri, 20 Sep 2024 00:00:00 GMT
The Federal Government of Nigeria, led by the Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu signed a memorandum of understanding (MoU). The


POSCO to Invest in Tanzanian Mine to Reduce Dependence on Chinese ...
korea posco steel
Tue, 03 Sep 2024 19:41:00 GMT
POSCO Group, South Korea’s leading steel and battery materials conglomerate, is poised to invest in Tanzania's second-largest


Its time Australia made a long-term iron ore plan
guinea iron ore market rio
Mon, 29 Jul 2024 00:00:00 GMT
Multiple long-term threats to Australias biggest export are now growing. Rio Tintos approval of its Simandou project in Guinea is the largest part of a wave of new iron ore supply coming online in the next few years. At the same time, its becoming ever more apparent that Chinas iron ore demand is in decline now that it is past peak steel demand. China will also seek to recycle more steel going forward, further reducing iron ore demand from the country that produces most of the worlds


Rio Tinto Advances Simandou Project with Final Approvals
guinea investment iron ore rio
Tue, 16 Jul 2024 18:17:00 GMT
Rio Tinto has fulfilled all prerequisites for its investment in developing the Simandou high-grade iron ore deposit in Guinea, including


Conditions on Simandou investment now satisfied
guinea investment iron ore rio
Tue, 16 Jul 2024 00:00:00 GMT
LONDON--(BUSINESS WIRE)-- All conditions have now been satisfied for Rio Tintos investment to develop the Simandou high-grade iron ore deposit in Guinea, including the completion of necessary Guinean and Chinese regulatory approvals. The transaction is expected to complete during the week of 15 July 2024. Along with the recent approval by the Board of Simfer1, this allows Simfer to invest


Rio Tintos African iron ore project receives all necessary approvals
guinea iron ore rio trade
Tue, 16 Jul 2024 00:00:00 GMT
Rio Tinto said on Tuesday its massive African iron ore project in Guinea that it is jointly developing with a Chinese consortium has received all the regulatory approvals, including those from thelocal and Chinese governments. The Simandou project, which has a complex ownership structure, has seen its construction delayed for years by legal wrangling, political changes locally and the difficulty and cost of the 600 km of rail and port that need to be built to export the ore from the mines in


Number of news reports: 6
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