Company Data
| Last traded |
R52.45 |
| Change |
R0.40 |
| % Change |
0.77% |
| Cumulative volume |
655,769 |
| Market cap |
R23.38bn |
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Top Stories
May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Johannesburg - ArcelorMittal [JSE:ACL], the South African arm of the world's largest steel producer, on Tuesday invoked force majeure provisions due to Transnet's ongoing strike.
The wage strike at Transnet - the state-owned South African operator of ports, railway lines and pipelines - is currently in its second week.
ArcelorMittal said sue to the ongoing Transnet industrial action, "very limited raw material deliveries" including iron ore and coal were being received at ArcelorMittal's facilities.
"The company has informed its customers that it has invoked force majeure provisions provided for in the general conditions of sale," the company said in a statement to the JSE.
It said a raw material bunker also failed at ArcelorMittal's Saldanha Works at the weekend.
The company is currently considering measures to minimise the impact of this incident.
The full impact of both events on the company's production has yet to be assessed.
- I-Net Bridge