Posts tagged with 'plants'

 

SA steel consumption is at its lowest levels in a decade – ArcelorMittal previously known as Iscor may close some of its South African plants

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In a statement on Wednesday, ArcelorMittal South Africa [JSE: ACL] – the biggest steel producer on the continent – announced that it may close some of its operations.

The company, which supplies more than 60% of the steel used in South Africa, has operations in Vanderbijlpark, Vereeniging, Saldanha and Newcastle.

South African steel consumption is at its lowest levels in a decade – currently 30% lower than in 2007 – which has hit ArcelorMittal. In the six months to end-June, its revenue declined by 5% due to lower sales volumes. It suffered a headline loss of R638m, with net debt growing to R1.7bn from R500m six months earlier.

The company said in a statement that it is currently reviewing the “operational and financial sustainability of certain of its major operating sites, individual plants and production areas”. This will exclude its commercial coke operations, and won’t impact its planned acquisition of the Highveld Structural Mill.

The outcome
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Medupi units drowning in ash as contractor forced to withdraw – Shows Eskom’s failure to operate the plant at the completed units properly – Just one more accomplishment of the ANC- regime

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The five power generation units at Eskom’s troubled new Medupi power station that have been operational are drowning in ash after Clyde Bergemann Africa (CBZ), which was contracted to supply and construct the dust handling units, withdrew its staff from the power station.

CBZ managing director Jeremy Kirsch confirmed to Moneyweb on Monday that the business was placed in business rescue last week, days after he spoke out about what he described as Eskom’s failure to operate the plant at the completed units properly.

CBZ has long-term maintenance contracts on eight other Eskom power stations, Kirsch told Moneyweb. CBZ staff are still on site at those power stations, he said.

EE Publishers managing editor Chris Yelland however reported last week that these workers are “on tenterhooks” and could down tools at any time.

As far as Moneyweb could establish at least four of the five operational units at Medupi were working on Monday, alth
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This is what happens when BEE contractors are prefer over skilled labour!: Medupi and Kusile- The two new coal-fired power stations’ “error” repair costs already amount to R2 billion.

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According to observers, the repair costs of errors at the Medupi and Kusile coal-powered power stations are already nearing R2 billion.

This puts the expected start up costs at R292 billion, which is twice the initial estimated cost. The device that grinds the coal, the furnaces and other systems at both plants does not function properly and is attributed to poor craftsmanship.

The two plants were erected by people who had never undertaken such an assembly project, and took it much longer to complete than initially calculated.

Photo – Medupi

Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

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