R/€ = 14.26
R/$ = 10.36
Au 1258.70 $/oz
Pt 1386.00 $/oz
Sep 22, 2008
Daily podcast – September 22, 2008Back
Johannesburg|South America|Brazil|Congo|Israel|Kenya|South Africa|Rock Creek Gold Mine|Steel|International Iron And Steel Institute|South Africa's Parliament|Gwede Mantashe|Nelson Mandela|Olmert|Thabo Mbeki|Alaska
© 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
Other Intellectual Property Law News
Updated 47 minutes ago Energy-focused engineering group Kentz is gearing up for what it expects to be material growth in Mozambique in the coming years, owing principally to the discovery of large-scale gas resources and the ongoing development of the country’s coal and power...
Updated 1 hour 57 minutes ago Creamer Media’s Base Metals 2013 Report examines the global base metals industry, with a particular focus on the production of copper, zinc, nickel and lead, as well as selected base metals operations and projects in Africa.
Recent Research Reports
Defence 2013: A review of South Africa's defence industry (PDF Report)
Creamer Media’s 2013 Defence Report examines South Africa’s defence industry, with particular focus on the key players in the sector, the innovations that have come out of the defence sector, local and export demand, South Africa’s controversial...
Road and Rail 2013: A review of South Africa's road and rail infrastructure (PDF Report)
Creamer Media’s Road and Rail 2013 Report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Liquid Fuels 2013 (PDF Report)
Creamer Media’s 2013 Liquid Fuels report examines South Africa’s liquid fuels market, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing,...
Projects in Progress - Second Edition (PDF Report)
Creamer Media’s second Projects in Progress supplement considers some of the major project developments under way, including high-profile energy and transport projects, as well as a few of the lower-profile public and private developments. What remains apparent is...
Water 2013: A review of South Africa’s water sector (PDF Report)
Creamer Media’s Water 2013 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.
Canadian Mining Roundup for June 2013 (PDF Report)
The June 2013 roundup includes details of the development of TSX-V-listed Aldridge Minerals’ flagship Yenipazar polymetallic project, in Turkey; the Canadian Nuclear Safety Commission’s renewal of Cameco’s uranium mining licence pertaining to the Cigar Lake...
This Week's Magazine
Mitsubishi Motors South Africa (MMSA) has introduced a 4x2 derivative of its Pajero Sport sports-utility vehicle (SUV), which will give it access to a substantial slice of the full-size SUV market, where it will compete with the likes of the Ford Everest, Chevrolet...
South African Energy Minister Ben Martins has affirmed that the government wants the country to be globally competitive in the nuclear sector. "Our responsibility has always been ... to ensure that, in nuclear energy, South Africa can compete with the rest of the...
Mercedes-Benz South Africa (MBSA) president and CEO Dr Martin Zimmermann describes the new S-Class as “a special place to be”, with the car creating a sense of “wellness” once you are seated inside the German brand’s flagship model. It is difficult to argue...
Water scarcity and water-quality issues are broadly recognised and understood in most political, business and civil organisations in South Africa, but solving water issues will require wide and continuous action in catchments and municipalities by organisations and...
Work is well under way on the R212-million Imvutshane dam, 30 km north-west of Stanger, in KwaZulu-Natal, which is a key link in supplying people in rural Maphumulo with a reliable source of safe drinking water.