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EU steelmakers' profits to peak this year, then soften slightly – Moody's

24th October 2017 European steelmakers' profits will peak this year before softening next year, but not back to levels seen in 2016 when the market was recovering from a crisis, Moody's Investor Services said on Tuesday. The ratings agency kept its 'stable' outlook on the sector, in place since April. 

‘Exceptional’ rare earth grades confirmed at Burundi prospect

10th August 2017 Independent laboratory testing recently undertaken at the Gasagwe prospect at LSE-listed Rainbow Rare Earths’ Gakara project, in Burundi, has returned an average total rare earth oxide (TREO) grade of 62.17%. This grade compares favourably with the average grade of 57% contained within... 

Gold deals underpin second-quarter M&A activity

4th August 2017 The value of global merger and acquisition (M&A) activity in the second quarter of 2017 increased by 13% on the previous quarter, to $14.8-billion, and by some 71% on the previous quarter, advisory firm EY reported. While deal volumes during the quarter declined slightly from 117 deals in the... 

Forging market for automotive application to be valued at $56-billion by 2022

10th March 2017 Market research company Zion Market Research has published a new report highlighting that the global steel forging market for automotive applications was valued at $41.77-billion in 2016 and is expected to reach $56-billion in 2022, growing at a compound annual growth rate (CAGR) of 5.1% between... 
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Ecsa launches satellite office

In collaboration with the East London Industrial Development Zone (ELIDZ), the Engineering Council of South Africa (Ecsa) this week launched its first satellite office in East London.  “We are very excited to be launching our satellite office. During our annual stakeholder roadshows, East London... 

Cesa members’ optimism for 2018 waning

While the net satisfaction of Consulting Engineers South Africa's (Cesa’s) member firms improved significantly in 2017, they do not have high hopes for 2018 owing to the current political landscape, amid revelations of state capture and corruption allegations across key government entities. “Our... 
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