The month of August is an important month in the South African calendar. It is a month where women of South Africa are reveled for the heroic step which they took on August 9, 1956. Marching to the Union Buildings in Pretoria, they defiantly stood against the proposed extension of “Pass Laws” to women.
Differences have become so acute that Kalahari Resources now wants to buy the world’s biggest steel producer ArcelorMittal out of a R6‚5bn manganese project in which they are both shareholders‚ Business Day reported on Wednesday.
The project is housed in a firm called Kalagadi Manganese‚ which is 50% owned by Arcelor‚ the parent of the local steel maker ArcelorMittal SA ‚ and 40% by Kalahari. The Industrial Development Corporation owns the balance.
JOHANNESBURG (miningweekly.com) – The South Gauteng High Court on Tuesday ordered ArcelorMittal International to meet its R241.3-million shareholders’ agreement with Kalagadi Manganese within ten days, Kalagadi chairperson Daphne Mashile-Nkosi reported on Tuesday.
Emerging miner Kalagadi Manganese’s Kalagadi manganese project was an initiative by women from the onset, says chairperson Daphne Mashile-Nkosi.
Let me take this opportunity to thank you for being with us today to celebrate this major milestone in the life of this new organisation, as we seek to redefine mining in South Africa.