Search Results for: South Africa

BY PHILIP FINE

THE PROPOSED acquisition of Bayer’s high-performance pigment business by Sun Chemical, the US subsidiary of Japan’s Dainippon Ink and Chemicals, has a hit a snag. The US Federal Trade Commission says that before any sale goes through, Dainippon must sell off its US-based perylene business.…

BY KEITH NUTHALL
THE WORLD Bank is developing a Regional Integration Assistance Strategy to remove obstacles to trade within six central African countries that would particularly promote commerce in the area’s rich metal reserves. Cameroon, the Central African Republic, Chad, the Republic of Congo (Brazzaville), Equatorial Guinea, and Gabon would benefit from five years of support, leading to road construction and improvement, the modernisation and integration of the financial sector, and by speeding ports and customs transactions.…

BY SWINEETHA DIAS WICKRAMANAYAKA
INDIAN chicken producers, already been hit by a poultry price fall, are now facing another problem: a rise in the price in their principal feed, maize. There is a particular problem in the south, where the Tamil Nadu’s maize crop could be 50 per cent of earlier projections because of the failure of the country’s northeast monsoon.…

BY RICHARD HURST
SOUTH Africa’s largest steel producer, Iscor, has given its former sister company, Kumba Resource, notice that it would like to participate in any of its expansion plans, as the ferrous giant fears it may begin running short of iron-ore supplies from next year.…

BY KEITH NUTHALL
FRANCE’S Suez water company and the United Nations Education, Scientific and Cultural Organisation (UNESCO) have launched a joint drinking water improvements programme that will provide around Euro 300,000 in its first three years and will initially concentrate on the Volga-Caspian region.…

BY MARK ROWE and ALAN OSBORN, in London, PHILIP FINE and MONICA DOBIE, in Montreal, and RICHARD HURST, in Johannesburg

RATCHETING up security has been a prime concern of the nuclear industry since the September 11 attacks, with all countries possessing commercial reactors addressing the issue to some extent.…

BY MONICA DOBIE
THE AUSTRALIAN government has resorted to hiring a public relations firm to persuade the citizens of South Australia (SA) to abandon its opposition to plans to install a low level nuclear waste in outback Woomera.

Hill and Knowlton, the international communications company, which has with 66 offices worldwide, has been given an A$300,000 federal government contract to run a campaign from its Melbourne office.…

BY KEITH NUTHALL
FRAUDSTERS have developed two new twists on the ever-popular advance fee scam. The International Chamber of Commerce has warned of a Nigerian oil fraud particularly featuring Bonny Light oil, where fake oil traders offer up to 1 million barrels at below market rates, following the payment of cash fees of around US$50,000.…

BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S Venkatesh Coke and Power Ltd. has announced that it has secured a sales contract for selling coke to Germany’s RAG from its planned 110MW power station in Trincomalee, Sri Lanka, which will import 1.2 million tonnes of coking coal per year, mostly low ash coal from Australia.…

BY KEITH NUTHALL
THE EUROPEAN Commission has proposed definitive anti-dumping duties on imports of certain flat rolled products of iron or non-alloy steel, of a width of 600 mm or more from Egypt, (mostly 29.2 per cent), Slovakia, (18.6 per cent) and Turkey, (11.5 per cent).…