South African units of Jindal Steel & Power filed for a local form of bankruptcy protection known as business rescue this month.Jindal Mining SA, Jindal Africa Investments and Eastern Solid Fuels filed notice of the voluntary proceedings on June 12, according to documents posted on Jindal Africa’s website. A spokesman for the company didn’t immediately reply to emails seeking comment.Jindal Mining SA’s main business is coal production at the Kiepersol mine, according to one of the documents. Business-rescue practitioners for the unit have scheduled a meeting with creditors for June 26.Jindal Africa also has operations in Botswana, Mozambique, Namibia, Zambia, Tanzania and Madagascar.Jindal Steel & Power, the Indian steelmaker controlled by billionaire Savitri Jindal’s family, manufactures sponge iron, mild steel, and cement. It also produces power, conducts mining operations for iron ore and coal, and explores for natural gas and oil. … [Read more...] about Jindal Steel’s South Africa units file for business protection
"This day 30 years ago, Nelson Mandela walked out of prison and entered into discussions about apartheid. I had the great honor of meeting him. I had the great honor of being arrested with our UN ambassador on the streets of Soweto trying to get to see him on (Robben) Island," Biden said at his South Carolina launch party in Columbia earlier this month. … [Read more...] about Was Joe Biden arrested in South Africa?
Some of the many small players who polish the rough diamonds that De Beers and other miners unearth say they have been pleasantly surprised by the extent of lockdown jewellery-buying as enforced proximity kindled romance and feel-good spending. … [Read more...] about South Africa’s diamond polishers look to lockdown lovers to add shine
JOHANNESBURG (Reuters) - Impala Platinum’s (Implats) chief executive of its Rustenburg operations appeared in court on Friday on charges of allegedly contravening South Africa’s lockdown rules by calling non-essential workers back to work, the company spokesman said. … [Read more...] about South Africa’s Implats plans gradual return to operation after regulations eased
“(The) big challenge is we are looking at requiring billions of doses of vaccine. It is really going to be how companies can scale up and make it affordable and accessible,” said Pontiano Kaleebu, director at Uganda Virus Research Institute. … [Read more...] about Africa could have COVID-19 vaccine in first quarter if human trials work: South Africa trial lead