Tag: Restrictions
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How government dithering pushed ArcelorMittal to shut down steel operations
ArcelorMittal South Africa’s year-long plea for help from the government has come to naught as the company will proceed with shutting down its steel-making operations in Newcastle and Vereeniging — a move that will have a devastating socioeconomic impact. ArcelorMittal estimates that its decision will result in 3,500 direct and indirect job losses, affecting communities…
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Congo cancels licensing round for 27 oil blocks
The Democratic Republic of Congo (DRC) has cancelled a licensing round for 27 oil blocks, originally launched in 2022 to tap into the nation’s oil and gas potential, according to a statement posted on the hydrocarbons ministry’s X account on Monday. The statement dated Oct. 11 cited multiple reasons for the cancellation, including late submissions,…
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𝕋𝕙𝕒𝕟𝕜𝕤 𝕗𝕠𝕣 𝕥𝕙𝕖 𝕦𝕡𝕕𝕒𝕥𝕖 .