The Magnus Post

Sep

10


As the summer moves towards us at a rapid pace, everybody in the steel industry begins to fret over the pending holiday season and how we plan to make certain that we service our clients in the best manner. In our second sentence, let is ensure you that we’re always on top of things here and you can call us at any time at the Magnus Steel HQ – 0861-624-687.

For the best deals, make certain you deliver the finest service to your clients.

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So, let’s get into all the important news of the week.

STOCKWATCH: AngloGold plummets 13% on proposed rights issue

INVESTORS on Wednesday punished AngloGold Ashanti, sending South Africa’s largest gold miner’s share price to an eight-month low after the company said it may need to raise more than $2bn from shareholders in a proposed rights issue to forge ahead with its plans to restructure its business.(Read More)

UPDATE 1-China steel, iron ore bounce off record lows; Goldman sees end of Iron Age

SINGAPORE, Sept 10 (Reuters) – Benchmark steel and iron ore futures in China closed well off historic lows on Wednesday, and Singapore iron ore prices rebounded as buyers emerged after a sell-off spurred by a deep supply glut.(Read More)

AngloGold gets approval to separately list international mining assets

ANGLOGOLD Ashanti, one of the world’s top-five gold producers, will separately list its non-South African assets in a new company on the London Stock Exchange, together with listings in Johannesburg and the US, the company said on Wednesday. (Read More)