R/€ = 13.69
R/$ = 10.96
Au 1195.22 $/oz
Pt 1225.00 $/oz
Sep 22, 2008
Daily podcast – September 22, 2008Back
Gold|Johannesburg|Africa|Roads|Africa|South America|Brazil|Congo|Israel|Kenya|South Africa|Rock Creek Gold Mine|Mining|Service|Steel|Environmental|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 (150 word limit)
Other Intellectual Property Law News
Pharmaceutical companies typically invest substantial amounts of money into research and development. Their research, however, is not only aimed at discovering new active pharmaceutical ingredients (APIs). Instead, some companies make small modifications to existing...
A controversial patent process known as ‘ever-greening’ is being carried out by many pharmaceutical brands, and is preventing medications from being made available as generics, affecting many South Africans who are struggling to keep up with the cost of medication....
It has been over six years since the government began developing the draft policy on intellectual property (IP) that has been the focus of major public controversy following the PharmaGate scandal, which involved a leaked pharmaceutical industry email by Knowledge...
Updated 6 hours ago South Africa’s National Treasury on Friday reissued its amended request for proposal (RFP) for the five-year multibillion-rand project to replace the legacy systems currently in use with an enterprise resource planning (ERP) solution for an integrated financial...
Updated 6 hours ago The handover of specialised computer equipment to the Umfolozi Technical and Vocational Education and Training College would address one of the greatest challenges faced by Transnet Port Terminals (TPT) at the Port of Richards Bay – a lack of skills in a highly...
Updated 7 hours ago Through hosting the WorldSkills 2014 competition’s mechatronic pre-national finals, industrial control and automation company Festo would promote and support skills development. Festo said the mechatronic competition would give schoolchildren, trainees and students...
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 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 road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
This Week's Magazine
As the City of Ekurhuleni continues its bid to develop the largely industrialised metropole into the continent’s first aerotropolis, executive mayor Mondli Gungubele has committed the city to creating a predictable, stable and enabling business environment in which...
While Ford Motor Company of Southern Africa (FMCSA) did not have “significant issues” with power supply in Gauteng, it was a different story in the Eastern Cape, said FMCSA and American Chamber of Commerce in South Africa president Jeff Nemeth earlier this month....
In 2000, exports into Africa from South Africa represented less than 5% of the turnover of Federal Mogul Motorparts Africa, with sales largely centred around Zimbabwe, Zambia, Malawi and Mozambique. Today, African exports represent 30% of sales, with trade expanded...
The Malawi government has launched a $50-million project to upgrade the Kamuzu barrage, on the Shire river, an outlet of Lake Malawi, which is used to control the flow of water from the lake to the lower Shire area. The project will run from this year to 2017 and...
Our new Technical and Vocational Education and Training (TVET) Colleges will replace the Further Education and Training (FET) Colleges which have served us for the past twenty years. The buildings will be the same and most of the staff will be the same but as the...