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Delta Mining Interest In Coal Mine and Iron Ore, Plans Listing To Fund Acquisition
Delta Mining Consolidated Ltd., which has interests in coal and iron ore, plans to list on Johannesburg’s stock exchange this year to help fund acquisitions in Africa, Chief Executive Officer Heine van Niekerk said.
Indian shares up 0.14 pct, techs fall
Indian shares edged up 0.14 percent in choppy trade on Monday, led by gains in Larsen & Toubro Ltd., but technology issues fell on concerns their quarterly margins will be hit by a stronger rupee.
Engineering and construction firm Larsen & Toubro rose 2.8 percent to 2,166.05 rupees, having touched an all-time high of 2,189.40 [...]
ata wants to mine South Africa’s chrome, manganese, coal and iron-ore
A new Indian force is about to enter the South African mining industry.
Indian diversified industrial giant Tata has announced that its sub-sidiary, Tata Steel, is investigatingopportunities to mine chrome, manganese, coal and iron-ore in South Africa.
The announcement was made at the official inauguration of theconstruction of Tata Steel’s R670-million high-carbon ferrochrome plant in the port [...]
