A NEW plan is being drawn up to site a stainless steel plant at Coega in Eastern Cape, with discussions under way to find an anchor investor for the $5bn project.

An alumina smelter at the Coega Industrial Development Zone is a 'definite', Coega Development corporation (CDC) chairperson Moss Ngoasheng said yesterday.

AN EASTERN Cape politician has expressed grave concern at the failure of Coega industrial development zone to attract any investments to date.

Domestic cement producers have benefited handsomely from the strong rise

SA cement sales rose by only 2.1% year-on-year in March 2005 to 924,652 tons, but this is due to Easter falling in March this year

VETERAN deal maker Brian Gilbertson emerged at the weekend as a potential white knight to save the $2,2bn Coega aluminium smelter project.

SA cement sales rose by 12.1% year-on-year to 862,252 tons in February, ending two months of slowing year-on-year increases

Twenty-five investment projects worth R29bn were approved under government’s strategic investment projects incentive programme between April 2002 and March last year, according to a report tabled in Parliament this week.

The past year was an outstanding year for the South African cement industry with several sales records being broken, John Sheath, marketing manager of the Cement & Concrete Institute, has reported.

CDC moves to get land it failed to acquire on a willing-buyer, willing-seller basis.