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L K Technology, Nezha Motors to develop first 20,000-ton Giga Press; potential for integrated molding of entire chassis for B-segment cars

L K Technology, Nezha Motors to develop first 20,000-ton Giga Press; potential for integrated molding of entire chassis for B-segment cars
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Dongfeng hondaDongfeng nissanChina foundry associationGuangdong hongtu technology co ltdHong lk technology holdingsLk groupChina national investment corporationZhejiang hozon new energy automobile co ltdNezha motorsDongfeng motorChangan automobileXiaopeng motorsGiga press

NUM urges Samancor to come clean following anti-competition claims or face strike action

NUM’s Bonginkosi Mrasi says they are concerned about reports that Samancor may be involved in activities that are against competition laws in South Africa.

Hong kongSouth africaSouth koreaSiphamandla masimulaBonginkosi mrasiLyu zhengyiChina national investment corporationCompetition commissionChinese consortiumNational union of mineworkersDepartment of minerals resourcesLiberation allied workers unionNational unionMinerals resourcesSino steelMin metals

SA mining company accused of crushing black-owned firms with anti-competition behaviour

SA mining company accused of crushing black-owned firms with anti-competition behaviour Share Johannesburg- The biggest chrome miner in the world, South African-based Samancor Chrome, has crushed black-owned chrome companies in activities that are against competition laws in South Africa. After some ownership changes, Samancor now belongs to a Chinese Consortium which includes Sino Steel, Min Metals and China National Investment Corporation, all three being multibillion-dollar enterprises. With its head office in Sandton, the powerhouse changed hands in South Africa with no regulatory approval in a transaction running into billions of rand, crushing all other competitors. Soon after Samancor changed ownership in 2019, two companies were appointed to be the agents for Samancor, selling their chrome worldwide.

South africaKrung thep mahanakhonNorth koreaSouth koreaNorth koreanGuo guangningDesmond mcmanusZhai supingZhengyi lyuChina national investment corporationChinese consortiumOre alloy development corporationHong ore alloy development corporationSouth african based samancor chromeSino steelMin metals