PROFILE |
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Iscor Limited hopes breaking up will open the way for unlimited growth. The South African metals giant is splitting into two companies: Minco will take over its mining (iron ore, coal, base metals, and heavy minerals) operations, while Steelco will operate its steel companies and joint ventures. Iscor controls more than half of the world's iron ore reserves and supplies iron ore to steelmakers in Africa, Asia, and Europe. The company is also Africa's largest steel producer, operating four mills that primarily make long and flat steel products. The restructuring, which includes major workforce cuts, is still awaiting regulatory and shareholder approval, but is expected to go into effect in mid-2001.
COMPETITION |
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STOCK ANALYSIS |
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FURTHER ANALYSIS
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FINANCIAL OVERVIEW |
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Fiscal Year-End: June
2000 Sales (mil.): 2,012.50
1-Yr. Sales Growth: (5.2)%
Employees: 36,600
Revenue per employee: $54,986.34
KEY PEOPLE |
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Hans J. Smith
CEO
Malcom Macdonald
CFO
CONTACT INFO |
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Roger Dyason Rd., Pretoria West
Pretoria 0001, South Africa
Phone: 27-12-307-3000
Fax: 27-12-326-4721
Online: Web Site
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