Showcasing India – South Africa Business Co-operation
India’s Essar Group, which operates Indian ports handling 82 million tons per annum (mtpa) with expansion to 110 mtpa in the near future, will be investing $440 million in creating a New Coal Terminal at Beira Mozambique, Captain Tej Nargundkar,
Vedanta Resources would search for oil off SA’s west coast as it confirmed its interest in the country’s mineral wealth, said chairman Anil Agarwal, who, as Anglo American’s largest shareholder, is urging the London-based company to remain true to its
The coal price rally is expected to be derailed over the next two years amid expectations that China and India, the world’s two biggest consumers of the energy source, were likely to address domestic issues that have facilitated the strength
Surat Diamond Association (SEA) has signed a Memorandum of Understanding (MoU) with South African government in Johannesburg to start a direct trade of rough diamonds from the country. As per the MoU, rough diamonds from the mines of South Africa
ArcelorMittal SA, the embattled South African subsidiary in the global portfolio of steel magnate Lakshmi Mittal, has been seeking its fourth chief executive after its current CEO Wim de Klerk announced his retirement. Despite having an 80 per cent market
Mining mogul Anil Agarwal has said he will not seek a board position on blue-chip British miner Anglo American Plc even after becoming its largest shareholder, and instead will support the management. With over 21 per cent stake in the
Indian billionaire Anil Agarwal is planning to increase its investment in Anglo American (LON:AAL) by as much as 1.5 billion pounds ($2 billion), which would make him the biggest shareholder in the diversified miner. The acquisition of further shares will
Metal and mining major Vedanta Ltd today said Kuldip Kaura will be its interim CEO from tomorrow. Kaura succeeds Tom Albanese, who steps down as CEO and from the board today, while the hunt for a full-time CEO is on.
Arcelor Mittal South Africa, the embattled subsidiary of Indian steel magnate Lakshmi Mittal’s global steel empire, may get a lifeline from its empowerment partner Likamva Resources which is willing to increase its stake in Africa’s biggest steel producer. Arcelor Mittal
In a recent survey conducted by India Connect it was found that the challenges faced by Indian Companies in South Africa mostly related to administrative issues such as short term insurance and matters involving staff benefits such as medical aid. Some