Reece Saldaris’ Post

Building the Future: How ArcelorMittal Contributes to Global Infrastructure Projects https://lnkd.in/drqBZZrE ArcelorMittal, the world’s leading steel and mining company, plays a pivotal role in global infrastructure development. By providing innovative steel solutions, engaging in sustainable practices, and forming strategic partnerships, ArcelorMittal significantly contributes to the construction and modernization of infrastructure worldwide. This article explores how ArcelorMittal contributes to infrastructure projects, highlighting their impact on modern construction and development. Innovative Steel Solutions 1. High-Performance Steel Products: ArcelorMittal offers a wide range of high-performance steel products specifically designed for infrastructure projects. These include advanced high-strength steels (AHSS), weather-resistant steels, and customized steel grades that meet the stringent demands of construction, transportation, and energy... #steelprice #steel #iron #steelnews #news #steelmarket #market #industrialnews #LME #HKEX #Londonmetalexchange #metal #metalexchange #investment #investing #stock #stocks

An expansion of work in the transport, water and non-residential buildings sector is expected to deliver significant opportunities to workers and firms who are involved in maintenance work across Australia, according to a leading economist. The recent Maintenance in Australia report from Oxford Economics Australia has provided 15-year forecasts for maintenance activity across the sectors of transport, utilities, mining, industry and non-residential building. During a recent interview Nicholas Fearnley PhD, Head of Global Construction at Oxford Economics Australia outlined the key factors which are driving maintenance growth and discussed some of the challenges which Australia faces in maintaining its critical asset base along with some of the opportunities to maintain our assets more efficiently and effectively. Cameron W. Maximilian Cassidy #construction #infrastructure #maintenance #engineering https://lnkd.in/gjXGgkKJ

Aecon Settles Pipeline Construction Dispute with Coastal GasLink, Takes Non-Cash Charge Aecon Group Inc., a former contractor on the pipeline project, disclosed on Friday that it would record a non-cash charge of $127 million related to the construction of two pipeline sections. Read it here ▶ https://lnkd.in/eATwDjs5 TC Energy Coastal Gaslink Pipeline Ltd #pipelinejournal #pipelinenews #pipelineindustry #pipelines #Canada

This week in Africa's Infrastructure! Join us as we unfold top updates, covering Mining, Housing, Urban Renewal, Water, Waste, and Renewables: The African Catalyst Newsletter - Welcome to Issue 60th of 'The African Catalyst Weekly Newsletter', our weekly source for the latest news on African infrastructure, finance, and development. The following are latest news on Infrastructure, Finance, and Development in Africa: 📍Goldstone advances capital raising plans, chairperson steps down -------------------------------------------------- Bill Trew has stepped down as chairperson of Aim-listed Goldstone Resources, effective April 1. Further, the company, which owns gold exploration assets in Ghana, continues to advance its capital raising plans to provide additional funds to support its operational development, for working capital and to settle various balances owing to the company's outstanding creditors in order to facilitate publication of the 2022 accounts and interim results on a going concern basis. 📍Iron-ore’s reset lower to $100 heralds China’s new economy shift -------------------------------------------------- Iron-ore’s reset to around $100 a ton is indicative of a broader reshaping of China’s commodities markets that favors the new economy over the old. The steelmaking material plunged to $95.40 a ton on Monday, a 10-month low, before nosing back into three figures, testimony to the damage still being wrought by a years-long property crisis that appears far from over. 📍Koryx Copper raises $1.5m -------------------------------------------------- Mineral exploration and development company Koryx Copper has closed a nonbrokered private placement for $1.51-million. The proceeds of the private placement will be used for further exploration on the company’s projects in Namibia and Zambia and for general working capital. 📍India- Tech Innovations is Making Housing Affordable -------------------------------------------------- The Indian real estate sector has undergone significant growth, projected to become a $5.8 trillion industry by 2047, as per the collaborative report titled “India Real Estate: Vision 2047” by Naredco and Knight Frank. 📍Metro’s increase capital expenditure during the first two quarters of 2023/24, despite having spent less than 30 percent of the cumulative annual budget -------------------------------------------------- Capital expenditure by Metro’s increased by 20 percent y-y in the first two quarters of the 2023/24 financial year (last six months of the 2023 calendar year), excluding Nelson Mandela Bay, that again included significant adjustments. To stay informed and engaged with latest infrastructure trends and updates, delve into the full edition here: https://lnkd.in/e-xXfngz #TACNewsletters #Africa #Infrastructure #Finance #Development #InfrastructureDevelopment #InfrastructureFinance #InfrastructureProjects #SustainableInfrastructure

This week in Africa's Infrastructure! Join us as we unfold top updates, covering Mining, Housing, Urban Renewal, Water, Waste, and Renewables: The African Catalyst Newsletter - Welcome to Issue 58th of 'The African Catalyst Weekly Newsletter', our weekly source for the latest news on African infrastructure, finance, and development. The following are latest news on Infrastructure, Finance, and Development in Africa: 📍Implats’ Zimbabwe unit plans voluntary job cuts to contain costs -------------------------------------------------- Impala Platinum Holdings’ Zimbabwean unit is offering staff voluntary redundancy packages to cut costs because of anemic metal prices. Weak platinum group metal prices are projected to last for the next 12 to 18 months, Zimplats Holdings CEO Alex Mhembere said in a staff circular dated March 18 that was confirmed by the company. 📍AngloGold swings to loss on lower gold sales, higher costs -------------------------------------------------- Gold miner AngloGold Ashanti recorded a basic loss of $235-million or $0.56 a share, for the year ended December 31, 2023, compared with basic earnings of $233-million, or $0.55 a share, for the prior year. 📍Over 100,000 affordable housing units under construction across Kenya -------------------------------------------------- Lands and Housing Cabinet Secretary Alice Wahome has announced that over 100,000 affordable housing units are currently under construction across the country. 📍Positive Developments in Addressing Hammanskraal Water Challenges, Affirms Public Protector -------------------------------------------------- The Public Protector, Kholeka Gcaleka, has commended the City of Tshwane Metro for its strides in tackling the longstanding issues of water and sanitation in Hammanskraal. 📍Ageing Infrastructure and Mismanagement Lead to Water Crisis in Johannesburg -------------------------------------------------- Water shortages persist in various areas of Johannesburg, prompting scrutiny over the city’s infrastructure and management practices. To stay informed and engaged with latest infrastructure trends and updates, delve into the full edition here: https://lnkd.in/e-xXfngz #TACNewsletters #Africa #Infrastructure #Finance #Development #InfrastructureDevelopment #InfrastructureFinance #InfrastructureProjects #SustainableInfrastructure

Kefi Gold & Copper PLC has initiated the construction of essential infrastructure at its 95%-owned Tulu Kapi gold project in western Ethiopia.  The company has initiated the construction of worker camps, the drilling of water wells, and the upgrade of a nearby company airstrip. Kefi said these developments mark an important step in advancing the project as the company prepares for full-scale operations. In a statement issued on 20 August, 2024, Kefi Gold highlighted that it is moving forward with early-stage works at the Tulu Kapi mine while finalizing financial arrangements in anticipation of the project’s official launch. According to the company, principal contractors are currently revising the final infrastructure budget in collaboration with international plant fabricators. This effort is aimed at securing a fixed-price construction agreement, expected to be signed next month. Furthermore, Kefi Gold disclosed that studies are underway to increase the processing capacity by at least 20%. This expansion plan involves incorporating underground mine development alongside the already established open-pit operations, which have exceeded the nameplate capacity of the processing plant. The company believes this capacity increase can be achieved within the existing capital and operating expenditure forecasts. The company has also scheduled a second site visit for lenders to facilitate final credit approval from a second co-lender in September, following the initial lender’s approval. Executive Chairman Harry Anagnostaras-Adams commented, “Kefi is advancing rapidly on the ground in Ethiopia, as allowed by land access. The environment has become increasingly favorable for mining, with site activities facilitated by the deployment of substantial safety-protection forces provided by both the government and private security contractors.” The company noted the favorable economic conditions, with gold prices reaching a historic high of USD 2,500 per ounce. Kefi estimates that the first full year of production at Tulu Kapi will generate a net cash flow of $196 million, which will be sufficient to repay the project’s debt. Earlier this year, Addis Standard reported that Kefi Gold had achieved a critical milestone in securing funding for the high-grade Tulu Kapi project. The company secured a $320 million financial package, approved by the lead lender. The Tulu Kapi gold project is situated 28 kilometers east of Ayra-Gulliso town in the West Wollega zone of Ethiopia’s Oromia region. https://lnkd.in/gk9R5CdA

Powerful interview. Juan Santamaria Cases, CEO of German infrastructure construction firm Hochtief, explains how they have reduced their corporate risk by changing the structure of their deals to include an alliance style approach between contractor and client to more equitably share inflation risk and cost overruns.... "Asked ...how Hochtief has succeeded on persuading clients to agree on adopting a different attitude to the risk profile of contracts, Santamaría said that two things have changed in the market: First of all, clients have realised following the 2008 financial crisis that it is not in their best interest to see contractors take too much of the risk burden because if they collapse underneath it, it ultimately means more cost to the client. And secondly, the increasingly complex nature of high-tech infrastructure projects of the type Hochtief is pursuing require a more collaborative approach in any case." We would add a third point: The only way USA is going to build out infrastructure at the rate it needs is to find smarter/faster/better ways to work - in other words, increase productivity significantly. It's the golden goose. This principle applies to new pipeline, transmission, wind and solar. Eucalyptus timber mats are a small addition to the productivity arsenal, but increasingly customers are using Eucalyptus to solve their construction bottlenecks and deliver projects faster at much lower cost. #pipelineconstruction #transmissionlines #sustainableinfrastructure #renewables #windpower #solarpower #heavycivilconstruction https://lnkd.in/eUc2pCTk

definitely worth reading this. short and thought provoking

This week in Africa's Infrastructure! Join us as we unfold top updates, covering Mining, Housing, Urban Renewal, Water, Waste, and Renewables: The African Catalyst Newsletter - Welcome to Issue 62nd of 'The African Catalyst Weekly Newsletter', our weekly source for the latest news on African infrastructure, finance, and development. The following are latest news on Infrastructure, Finance, and Development in Africa: 📍Gold holds record high ahead of pivotal US inflation figures -------------------------------------------------- Gold held a record high as investors positioned for US inflation data that could help shape the Federal Reserve’s outlook on interest rates. Bullion was little changed after closing at $2 352.78 an ounce in the previous session. 📍Stage 16 loadshedding code seeks to reduce human error not signal imminent surge in cuts – Nersa -------------------------------------------------- The National Energy Regulator of South Africa (Nersa) has belatedly moved to quell concern that its recent approval of a new loadshedding code of practice, which increases the number of potential stages from eight to 16, represented a signal that the prospect for higher levels of loadshedding was imminent. 📍Lagos State Opens Amnesty Period for Property Planning Permits -------------------------------------------------- The Lagos State Government has announced an amnesty window for property owners to obtain or perfect their planning permits on completed buildings between May 2 and July 30, 2024. 📍Saldanha iron-ore terminal shut down for maintenance until Friday -------------------------------------------------- State-owned Transnet Port Terminals’ (TPT’s) Saldanha Iron Ore Terminal has embarked on a five-day shutdown for the maintenance and servicing of equipment on two tipplers, starting on April 15. The tipplers, which are critical machines in the terminal’s operations, facilitate the offloading of iron-ore from train wagons onto conveyor belts before it is loaded into vessels scheduled for export. 📍South Africa Flood Relief: Treasury Allocates R372 Million for Municipalities -------------------------------------------------- In a proactive move to address the devastating effects of recent floods across South Africa, the National Treasury has released R372 million from the Municipal Disaster Response Grant (MDRG). To stay informed and engaged with latest infrastructure trends and updates, delve into the full edition here: https://lnkd.in/e-xXfngz #TACNewsletters #Africa #Infrastructure #Finance #Development #InfrastructureDevelopment #InfrastructureFinance #InfrastructureProjects #SustainableInfrastructure

This week in Africa's Infrastructure! Join us as we unfold top updates, covering Mining, Housing, Urban Renewal, Water, Waste, and Renewables: The African Catalyst Newsletter - Welcome to Issue 48 of 'The African Catalyst Weekly Newsletter', our weekly source for the latest news on African infrastructure, finance, and development. The following are latest news on Infrastructure, Finance, and Development in Africa: 📍Genmin receives permit for Gabon iron-ore mine -------------------------------------------------- Emerging African iron-ore producer Genmin has announced that a large-scale 20-year mining permit has been issued for its 100%-owned Baniaka iron-ore project in Gabon. The mining permit was issued through a Presidential decree signed by transitional Gabon President Brice Clotaire Oligui Nguema. 📍Pensana progressing activities at Angola project prior to main construction -------------------------------------------------- London-listed Pensana has made significant strides at the Longonjo mine site in Angola ahead of main construction starting later this year. The company is currently busy with civil works for the camp, the rehabilitation of the access road to the Longonjo railway station and the agricultural demonstration plots under the Livelihood Restoration Programme. 📍AIHS 2024: Shaping Africa’s Architectural Landscape with Innovation and Global Collaboration -------------------------------------------------- n the vibrant heart of Nigeria’s capital, Abuja, an annual spectacle emerges, transforming the city into a hub of architectural brilliance, construction innovation, and real estate magnificence. This year, the stage is set for the 18th edition of the Africa International Housing Show (AIHS), an event that transcends the conventional, promising a tapestry of innovation. 📍Riyadh’s Real Estate Future Forum to Discuss Global Trends and Innovations -------------------------------------------------- Emerging property trends will take the spotlight, emphasizing innovations and sustainable solutions, as 300 speakers from 85 countries convene for the Real Estate Future Forum in Riyadh. 📍South Africa’s Construction Sector Set for Robust Growth in 2024: Positive Indicators and Strong Momentum Signal a Promising Year Ahead -------------------------------------------------- The construction sector is poised to make a robust start in 2024 in South Africa, standing out among the limited economic sectors showing promising activity. The post South Africa’s Construction Sector Set for Robust Growth in 2024: Positive Indicators and Strong Momentum Signal a Promising Year Ahead first appeared on Infrastructure news. To stay informed and engaged with latest infrastructure trends and updates, delve into the full edition here: https://lnkd.in/e-xXfngz #Africa #Infrastructure #Finance #Development #InfrastructureDevelopment #InfrastructureFinance #InfrastructureProjects #SustainableInfrastructure