Richards Bay (South Africa)

Type: City
Name: Richards Bay (South Africa)
Country: South Africa
Latitude: -28.799999
Longitude: 32.09
population: 253,156
First reported Aug 21 2014 - Updated Aug 22 2014 - 1 reports

Aluminium announcement poses no local threat

NEWS of BHP Billiton’s decision to spin off its non-core assets including its Hillside and Mozal aluminium smelters in a new company (NewCo), was met with mixed reaction by local economists yesterday.The world’s largest diversified mining company announced ... [Published Zululand Observer - Aug 21 2014]
First reported Aug 21 2014 - Updated Aug 22 2014 - 1 reports

Grindrod to dispose of banking arm as it focuses on rail, ports

Speaking at the company’s financial results presentation in Johannesburg, he said the JSE-listed group was working to build a port and rail infrastructure business, with a specific focus on Africa.Grindrod had entered into a memorandum of understanding ... [Published Engineering News - Aug 21 2014]
First reported Aug 21 2014 - Updated Aug 21 2014 - 1 reports

Parliament on progress in establishment of special economic zones

New special economic zones almost ready20 Aug 2014The Portfolio Committee on Trade and Industry (dti) is pleased with the progress the Department of Trade and Industry has made in terms of establishing 10 Special Economic Zones (SEZs).The Committee received ... [Published South African Government - Aug 21 2014]
First reported Aug 21 2014 - Updated Aug 21 2014 - 1 reports

BHP Billiton rolls out an aluminium lifeline

WHEN aluminium was excluded from the four focus pillars identified by the world’s largest diversified mining company – BHP Billiton, it no doubt left thousands of employees at the Hillside and Mozal smelters in Richards Bay and Mozambique, uncertain about ... [Published Zululand Observer - Aug 21 2014]
First reported Aug 21 2014 - Updated Aug 21 2014 - 1 reports

Investing in education

SIHLE MAVUSOThe South African business sector has shown an increasing interest in supporting an integrated education intervention that comprises a cost effective and sustainable model for school improvements.About 600 schools in the uThungulu district ... [Published The New Age Online - Aug 21 2014]
First reported Aug 19 2014 - Updated Aug 19 2014 - 1 reports

Little interest in AWB meeting

PRAYER and repentance, not weapons, will restore the Afrikaner to his ‘rightful place’ in South Africa.Speaking to a meagre audience in Richards Bay on Thursday, leader of the Afrikanse Weerstandsbeweging (AWB), Steyn von Ronge said war could never bring ... [Published Zululand Observer - Aug 19 2014]
First reported Aug 18 2014 - Updated Aug 19 2014 - 1 reports

All eyes on BHP as 'spinco' awaited

– SPECULATION is riding high that BHP Billiton will take a major constituent of its formation full circle with the proposed listing in Johannesburg tomorrow (August 19) of the assets that once comprised Billiton - minus Richards Bay Minerals (RBM).In ... [Published Mining MX - Aug 18 2014]
First reported Aug 17 2014 - Updated Aug 18 2014 - 1 reports

BHP to say goodbye to smelters

Mining giant BHP Billiton is set to divest itself of its controversial aluminium smelters in Richards Bay and Mozambique, as well as other South African assets, as part of a portfolio “simplification”.The final details will most likely be announced next ... [Published City Press - Aug 17 2014]
First reported Aug 15 2014 - Updated Aug 15 2014 - 3 reports

US muscletrucks Ram their way into SA

Richards Bay, KwaZulu-Natal - Thinus de Beer is a muscle-truck fan - the bigger the better, especially Chrysler's Dodge Ram 2500 and 3500 monsters. But Chrysler has never made them available in right-hand drive, which means they can't be legally registered ... [Published South Africa Star - Aug 15 2014]
First reported Aug 14 2014 - Updated Aug 14 2014 - 2 reports

No Ebola ship at Richards Bay

South African authorities on Tuesday denied reports that a ship carrying suspected Ebola patients had stranded at Richards Bay, KwaZulu-Natal Province.A local radio station, Jacaranda FM, reported on Tuesday that the ship, which came from Ebola-hit Liberia, ... [Published Namibian Sun - Aug 14 2014]
First reported Aug 12 2014 - Updated Aug 13 2014 - 6 reports

Ship quarantine extra caution against Ebola virus

Durban -A Liberian container vessel has been cleared at the Richards Bay port, after its arrival sparked fears that its crew could be carrying the deadly Ebola virus.Port officials on Tuesday said the Hammonia Pacificum, which arrived from Lome, the capital ... [Published Daily News South Africa - Aug 13 2014]
First reported Jul 29 2014 - Updated Jul 29 2014 - 3 reports

South Africa metals workers start returning to job after four-week strike

NUMSA, the country's largest union, accepted a 10 percent annual pay increase fixed for three years for its lowest-paid workers on Monday.The strike by over 200,000 NUMSA members had halted production at automakers and disrupted construction of new power ... [Published NewsRT.co.uk - Jul 29 2014]

Quotes

Kerr agreed the share retraction did not indicate antipathy towards the Newco. "The stock was up 11% after first leak of news of Newco. So by the time we got to the results, the demerger was cooked into the numbers" he said
Paul Gait, an analyst at Wall Street broker Bernstein, said: "The main beneficiary of the proposed demerger would appear to be the multitude of advisers that will no doubt require significant compensation for helping structure the deal. In the absence of a compelling valuation case for the demerger it is unclear how BHP's existing shareholders will be compensated for this cost."
"Inevitably this will be seen as BHP Billiton's exit from South Africa, but if you think about it, it makes sense to do this if they weren't able to get good enough offers for its non-core assets" said Des Kilalea, an analyst for RBC Capital...
"Transnet won’t build the capacity ahead of output increases by miners, and miners are waiting to see Transnet increasing capacity,” said James Oberholzer, analyst at Macquarie Research in a report earlier this year."

More Content

All (98) | News (91) | Reports (0) | Blogs (3) | Audio/Video (0) | Fact Sheets (4) | Press Releases (0)
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Truck conversion company to open second service... [Published Engineering News - Aug 22 2014]
Exxaro Resources' (EXXAF) CEO Sipho Nkosi on 20... [Published Seeking Alpha - Aug 21 2014]
Grindrod to dispose of banking arm as it focuse... [Published Engineering News - Aug 21 2014]
Aluminium announcement poses no local threat [Published Zululand Observer - Aug 21 2014]
Parliament on progress in establishment of spec... [Published South African Government - Aug 21 2014]
BHP Billiton rolls out an aluminium lifeline [Published Zululand Observer - Aug 21 2014]
Investing in education [Published The New Age Online - Aug 21 2014]
BHP concedes passing buy-back "a sore point" [Published Mining MX - Aug 20 2014]
BHP Billiton spins off metals and mining assets [Published Guardian.co.uk - Aug 19 2014]
Little interest in AWB meeting [Published Zululand Observer - Aug 19 2014]
All eyes on BHP as 'spinco' awaited [Published Mining MX - Aug 18 2014]
Grindex appoints new southern Africa dealer [Published Mining & Quarry World - Aug 18 2014]
BHP set to jettison assets as miner sharpens focus [Published Sharenet - Aug 18 2014]
COLUMN-BHP Billiton demerger shows how good a d... [Published CNBC - Aug 18 2014]
BHP to say goodbye to smelters [Published City Press - Aug 17 2014]
Netball trophy goes back to Gauteng North [Published Citizen.co.za - Aug 17 2014]
Transnet to double iron-ore rail capacity in So... [Published Logistics Guru - Aug 17 2014]
Ebola is not just a river in Africa… [Published The South African - Aug 15 2014]
Adding up the numbers [Published Mining MX - Aug 15 2014]
US muscletrucks Ram their way into SA [Published South Africa Star - Aug 15 2014]
Ram bakkies: Real muscle trucks you can buy in SA [Published News24 - Aug 15 2014]
What could BHP Billiton divest? [Published Brisbane Times - Aug 15 2014]
Wheels24.co.za | Ram bakkies: Real muscle truck... [Published Wheels24 - Aug 15 2014]
Law firm sets up maritime focused Durban office [Published Engineering News - Aug 15 2014]
No Ebola ship at Richards Bay [Published Namibian Sun - Aug 14 2014]
Today's Market Report including African Mineral... [Published Proactiveinvestors United Kingdom RSS feed - Aug 14 2014]
False ebola alert – a wake-up call [Published Zululand Observer - Aug 14 2014]
No Ebola in South Africa – WHO [Published Citizen.co.za - Aug 14 2014]
FIRST REAL EBOLA THREAT IN SA? [Published Times of Swaziland - Aug 14 2014]
Parliament welcomes ‘no ebola’ announcement [Published Citizen.co.za - Aug 13 2014]
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Blogs

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Can Mozambique be the Next LNG Hotbed? [Published Foreign Policy BlogsForeign Policy Blogs | The ... - Mar 06 2014]
Source: ChEnected Like many other African countries, Mozambique has enormous potential, but there are many gaps to fill. Led by its natural resources, the economy has been booming with real GDP growth reaching 7.4 percent in 2012, seven percent in ...
Energy crisis saps power from South African eco... [Published Energy and energy security - Feb 19 2014]
Port Elizabeth (South Africa) (AFP) - The South African economy , the biggest in Africa and a top emerging market, is being held back badly by a crisis at the sclerotic state-owned electricity provider Eskom, experts say. They blame a range of problems ...
MV Smart Salvage Enters Phase Three [Published MaritimeSecurity.Asia - Jan 29 2014]
The MV Smart seen broken in two in Richards Bay, South Africa, August 2013. Image courtesy Subtech Group Crews in South Africa have kicked off the third phase of salvage operations to remove what’s left of the MV Smart shipwreck in Richards Bay. ...
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