Having thrown ArcelorMittal SA a R1.7-billion lifeline, the Industrial Development Corporation will now proceed with a due ...

Solidarity welcomes the announcement that ArcelorMittal South Africa (AMSA) decided to defer the planned closure of its long ...

The Industrial Development Corporation (IDC) is seeking to increase its stake in primary steel producer ArcelorMittal South Africa (Amsa), after injecting a R1.683bn to delay the wind down of Amsa's ...

ArcelorMittal South Africa will defer the closure of its loss-making long steel plants to August 31 after getting a 1.683 billion rand ($91.50 million) injection from the state-owned Industrial ...

Steel group ArcelorMittal South Africa (AMSA) has confirmed that the Industrial Development Corporation (IDC) is considering ...

This also means that ArcelorMittal will not shed 3 500 jobs anymore and that downstream jobs will also be saved.

ArcelorMittal South Africa secures a R1.68bn loan, delaying steel mill closures and saving 3,500 jobs. The government pledges ...

TORONTO, ON / ACCESS Newswire / April 1, 2025 / Black Iron Inc. ("Black Iron" or the "Company") is please to announce the appointment of Stephen Woodhead as Chief Financial Officer of the Company, ...

The chief of ArcelorMittal SA’s South African unit said its second-biggest shareholder, the Industrial Development Corp., is ...

ArcelorMittal South Africa secures a 1. 683 billion rand bailout from the IDC, delaying the closure of its long steel plants ...

ArcelorMittal South Africa has received a R1.7 billion bailout from the state-owned Industrial Development Corporation ...

The closure of ArcelorMittal SA's long steel plants in Vereeniging and Newcastle has been halted for at least six months, with a R1.9 billion loan and another R400 million salary package from the ...