Industrial Development coorperation to build steel mill
The IDC has been trying to secure sufficient energy supplies to convert its plans into a reality, since the plans to launch a new steel mill were revealed last year.
The IDC is part of a group including Chinese steel producer Hebei Iron and Steel, which acquired a 74.5 per cent stake in Palabora Mining from Rio Tinto and Anglo American.
Palabora’s main asset, a copper mine in Limpopo, has amassed a 240mn tonne dump of magnetite,.... Read more »
Posted on : Friday , 28th November 2014