After almost three weeks, labour and employers have reached a deal — setting the steel industry back on its path to recovery
An innovative business rescue has preserved an asset that would be impossible to restart, in hopes that the commodity cycle will swing up again
South African stocks were slightly lower at midday on Wednesday, but off the worst levels as commodity stocks posted modest gains on higher prices. At 11.58am, the JSE’s all-share index was down 0,13%. Resources were up 0,23%, the gold mining index was fairly flat at +0,03%, but the platinum mining index lost 0,47%.
No image available
/ 23 October 2007
The Green Scorpions have shut down ArcelorMittal operations at its Vaal waste site over its dumping of hazardous waste and air and water pollution, it was announced on Tuesday. The move followed numerous ”futile attempts” at getting the steel company to clean up its act, Gauteng’s department of agriculture, conservation and environment said in a statement.
A swoop by environmental inspectors on the giant Highveld Steel and Vanadium Corporation’s Vanchem plant outside Witbank in Mpumalanga has uncovered shocking levels of air, ground and water pollution. Environmental management inspectors, better known as the Green Scorpions, carried out a compliance inspection at the plant at the end of August this year.