R/€ = 13.49
R/$ = 11.88
Au 1214.08 $/oz
Pt 1149.50 $/oz
Sep 22, 2008
Daily podcast – September 22, 2008Back
© Reuse this This podcast is brought to you by Den Braven Sealants - worldwide leader in professional sealants.
Monday, September 22, 2008.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
South African President Thabo Mbeki said on Sunday he had tendered his resignation as head of state.
The resignation will be effective from a date to be decided by South Africa's Parliament.
On Saturday, South Africa's ruling party announced that it had decided to oust Mbeki before the end of his term next year.
ANC secretary-general Gwede Mantashe said that Mbeki had "welcomed the news" when he was told. Mbeki said he would accept the decision. He has ruled South Africa since taking over from Nelson Mandela in 1999 and was due to leave office in April, 2009.
World steel production for the 66 countries represented by the International Iron and Steel Institute increased by 2,9% to 112,2-million tons in August. This is compared with 108,1-million tons a year earlier.
The world moving annual total growth rate slowed to 5,5% for August, compared with 5,8% in July. The IISI said that the MAT growth rate had remained at 5,8% for the past four months.
Production in South America increased by 7,4% to 4,4-million tons in August this year, compared with 4,1-million tons in August last year. Brazil's production increased by 6,9% to 3,1-million tons for the month, compared with 2,9-million tons the year before.
Canadian gold-miner NovaGold has started production at its Rock Creek gold mine. This is after it received regulatory approval from the state of Alaska.
The company was required to complete a number of environmental and operational tasks over the next 15, 30 and 90 days to ensure compliance with environmental requirements for the 100 000-ounce a year mine.
NovaGold said it had stockpiled close to 450 000 tons of ore, representing about two months of full throughput. The mine would ramp-up to full throughput in the final quarter of the year.
Also making headlines:
Sanral issues bonds worth R850m to help fund new roads
The State is to appeal a ruling giving the value-added network service the right to self provide
The South Africa and Kenya trade agreement aims to tackle the trade deficit
South African mine death toll rises as two separate accidents claim more lives
The DME delays the official signing of the Xolobeni mining right
And, Canadian miners conclude a $90m gold-sale deal
In political news:
The UN struggles to halt worsening Congo fighting
The financial crisis casts a cloud over a UN poverty meeting
Israel's Peres meets with parties after Prime Minister Olmert quits
And, nearly 13,000 infants in hospital in a Chinese milk fomula scandal
That's a round up of news making headlines today. For more on these and other stories, visit engineeringnews.co.za, miningweekly.com and polity.org.za
Edited by: Shannon de Ryhove© Reuse this Comment Guidelines (150 word limit)
Other Intellectual Property Law News
Pedestrian Door Solutions specialists, ASSA ABLOY Entrance Systems South Africa (Pty) Ltd., have supplied and installed a number of Besam entrance systems to medical facilities both in South Africa and outside the country’s borders that offer fast, convenient and...
Rubber-in-compression couplings, from Renold Hi-Tec, provide fail-safe operation on applications such as mine winders, hoists, draw-works on drilling rigs and industrial overhead cranes. The intrinsically fail-safe construction of the couplings protects both people...
Engineering, management and specialist technical services company Aurecon achieved a first in Tshwane in 2011 when its Lynnwood Bridge Office Park building, situated just off of the N1 highway, achieved a 4 star GreenStar SA – [Office Design v1, Office Design v1]...
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
This Week's Magazine
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...