http://www.engineeringnews.co.za
R/€ = 14.73 Change: -0.03
R/$ = 12.95 Change: 0.06
Au 1249.16 $/oz Change: 2.36
Pt 921.50 $/oz Change: 2.00
 

Topic

Deal opens way for new liquid bulk handling facility at the Port of Ngqura

By: Irma Venter     19th May 2017 Transnet National Ports Authority (TNPA) and Oiltanking Grindrod Calulo (OTGC) in May signed an agreement in Port Elizabeth that will see OTGC plan, fund, construct, maintain and operate a new liquid bulk handling facility at the Port of Ngqura, in the Eastern Cape. The facility’s concept... 

AMSA insists 12% hot-rolled-coil safeguard won’t translate into abrupt price hike

By: Terence Creamer     15th May 2017 Steel producer ArcelorMittal South Africa (AMSA) insists that the institution of a 12% safeguard duty on hot-rolled coil (HRC) from July 1 will not result in a commensurate rise in domestic prices for the primary-steel product, owing to a pricing agreement with government that regulates the... 

Iran's mining projects on hold as investors fear new sanctions

By: Bloomberg     15th May 2017 Iran has put on hold “almost all” of its mining agreements with foreign investors as companies from Europe to Asia fear additional sanctions on the Persian Gulf nation’s economy, according to the deputy minister of Iran’s Ministry of Industries, Mines and Trade. Less than $100-million of projects... 

Why the future of Africa’s water and oil sectors is a key focus of INDUTEC 2017

     15th May 2017 From pumping systems designed in a 3D virtual world to the world’s biggest pipe producer – for three days this week Johannesburg is home to cutting edge innovation. Africa’s leading industrial technology and supply expo INDUTEC 2017 opens its doors at 10am on Wednesday (May 17). INDUTEC is also... 

Australian Mines constructs demonstration plant in Perth

By: Esmarie Swanepoel     15th May 2017 Junior Australian Mines has started construction on a A$2-million demonstration size cobalt-nickel-scandium processing plant for its Sconi and Flemington projects, in Queensland and New South Wales. Once operational, the plant will result in Australian Mines being one of the only emerging cobalt... 

Africa more costly than any other region for developing infrastructure projects

By: Kim Cloete     9th May 2017 A benchmarking survey has shown that developing infrastructure projects in Africa is more difficult and costly than in any other developing country region.  The Benchmark for Investing in African Infrastructure Project Development (I4PD Benchmark) said the risk premium attached to African... 

Glencore starts sales process for NSW coking coal mine

By: Esmarie Swanepoel     9th May 2017 Diversified major Glencore has started the sales process for its Tahmoor underground coal mine, in New South Wales, after announcing in August last year that it would not continue mining beyond 2018, on the basis that ongoing operations would not meet the company’s internal investment criteria.... 

Iron revival snuffed out as 'weakest commodity' drops again

By: Bloomberg     8th May 2017 Iron-ore’s attempt at a rebound lasted just a few short hours as investor concern over robust supplies, including near-record port stockpiles, and speculation some traders in China were rushing to offload holdings combined to snuff out the brief gain. In Singapore, SGX AsiaClear futures fell 2.1%... 

Global Award Winning Forex Broker Brings Elite Team To South Africa

     8th May 2017 London, The United Kingdom 8 May 2017 The award winning global Forex broker; ForexTime Limited (FXTM) will be hosting a series of educational seminars and workshops as a result of record growth and a high demand for Forex Trading in South Africa. After acquiring their FSB licence in July 2016,... 

Air cargo traffic sees a strong start to the year

By: Keith Campbell     5th May 2017 The International Air Transport Association (IATA) has reported that year-on-year air freight growth, measured in freight ton kilometres (FTKs), made a strong start during the first quarter of this year, amounting to an 8.2% increase. “Business surveys point to another quarter of robust annual... 

Challenged renewable energy sector growing rapidly in Africa

By: Johane Turkstra     5th May 2017 The renewable energy sector has grown rapidly in the last four years and has delivered over 5 000 MW in South Africa alone, owing to the completion of about 80 renewable energy projects, says financial services company Thomson Reuters. “Renewables will receive considerable attention at African... 

Oiltanking Grindrod Calulo, TNPA sign liquid bulk agreement

By: Irma Venter     4th May 2017 Transnet National Ports Authority (TNPA) and Oiltanking Grindrod Calulo (OTGC) on Thursday signed an agreement in Port Elizabeth that will see OTGC plan, fund, construct, maintain and operate a new liquid bulk handling facility at the Port of Ngqura, in the Eastern Cape. The facility’s concept... 

China's economy shaping up for positive 2018, Rio Tinto says

By: Bloomberg     4th May 2017 Latest indicators on China’s economy point to continued growth through 2018, according to mining giant Rio Tinto Group, which counts the world’s No. 2 economy as its biggest customer. “Are we concerned about the Chinese economic health? The answer is no,” CEO Jean-Sebastien Jacques told... 

Hawsons significant to NSW

By: Esmarie Swanepoel     4th May 2017 The New South Wales Department of Planning and Environment has reconfirmed the Carpentaria Exploration's Hawsons iron project as a state significant development (SSD). The SSD designation was first awarded in 2012 and is given to projects considered significant owing to their size. Carpentaria... 

K+S officially opens $4.6bn Saskatchewan mine, renames it ‘Bethune’

By: Henry Lazenby     2nd May 2017 Germany's K+S Potash Canada has opened its $4.6-billion new Legacy potash mine, in Saskatchewan, marking the handover of the mine to the operations team. The company stated on Tuesday that the five-year construction phase was successfully completed and the first tonne of marketable potash was... 

Analysts paint sparkling picture of coloured gemstone market

By: Ilan Solomons     28th April 2017 The shift from small-scale artisanal mining to larger mechanised mining, owing to the increasing involvement of larger mining companies and greater formalisation of the sector, is expected to increase the distribution channel of the coloured gemstone industry, which will continue to consolidate... 

Trend of declining SA vehicle exports to the rest of Africa continued in 2016

By: Irma Venter     28th April 2017 New-vehicle exports from South Africa into the rest of Africa continued its steep decline in 2016, notes the National Association of Automobile Manufacturers of South Africa (Naamsa) in its newest quarterly business review. Export sales of new vehicles have declined from 78 787 units in 2013, to... 

Despite Q1 net loss, iron-ore rebound boosts Cliffs sales

By: Henry Lazenby     27th April 2017 US iron-ore producer Cliffs Natural Resources has reported surging sales for the three months ended March, as improved demand pushed prices higher after years of declines. First quarter sales jumped 51% to $462-million also because of increased sales volumes and seaborne iron-ore prices. Revenue... 

Acting BC premier proposes retaliatory US thermal coal export ban

By: Henry Lazenby     26th April 2017 The leader of the British Columbia Liberal party Christy Clark has written a letter to Canada’s Prime Minister Justin Trudeau calling for a retaliatory ban on US thermal coal shipments through the province’s ports. Clark, who has been the acting premier of the province since the legislative... 

Discover the tastes of tomorrow at Africa’s leading food and beverage conference

     26th April 2017 The Food Forum 2017 offers delegates the opportunity to learn and gain professional career credits as Africa’s Big 7 goes international in Johannesburg this June Africa’s premier food and beverage trade show boast a strong line up of key speakers for its exclusive three-day conference in June. 

End to Eskom ‘stalemate’ will unleash wind market in 2017 – GWEC 

By: Terence Creamer     25th April 2017 The Global Wind Energy Council (GWEC) expects a recovery in the deployment of wind projects in South Africa, following a hiatus in 2016 brought about by Eskom’s refusal to enter into power purchase agreements (PPAs) for renewable-energy projects procured in 2015. In its ‘Global Wind Report:... 

Africa urged to transform dependence on commodities

By: African News Agency      25th April 2017 Even as the world emerges from the worst of the global commodity price meltdown, African countries were urged on Tuesday to make the most of the next upward cycle to diversify and industrialise away from over-reliance on exports of raw materials. In a statement, Dr Martyn Davies, Deloitte... 

Global steel production reaches 410Mt in Q1

By: Megan van Wyngaardt     24th April 2017 South Africa produced an estimated 1.56-million tonnes of steel in the first quarter of the year, the World Steel Association (worldsteel) said on Monday. This was roughly the same as the 1.54-million tonnes  produced in the first quarter of 2016 and came on the back of flat year-on-year... 

Earn while you learn at Africa’s new retail conference during the continent’s biggest product sourcing expo: SAITEX 2017

     24th April 2017 Trade Buzz 2017 offers delegates an insight into the future of retail & trade across sub-Saharan Africa with recognised career-boosting CPD certification Some of sub-Saharan Africa’s top shopping gurus will be in Johannesburg this June for one of the biggest retail and trade events on the continent. 

Strengthening fundamentals continue to bolster ‘new age’ metals outlook

By: Henry Lazenby     22nd April 2017 ‘Big money’ investors are increasingly looking to invest in the relatively small ‘new-age metals’ space, comprising metals such as lithium, graphite and cobalt, as strengthening fundamentals for these minerals and an unprecedented high-impact investment opportunity draw the potential for bonanza... 

Interest in nuclear energy said to be rising across sub-Saharan Africa 

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Despite adverse weather, Vale reports Q1 iron-ore record

By: Henry Lazenby     21st April 2017 The world’s largest iron-ore producer Vale has lifted production of the steel-making ingredient to a new record high in the first quarter ended March, touching 86.2-million tonnes despite inclement weather. The diversified miner boosted iron-ore output by 11.2% over the comparable quarter of... 

African and global air freight and passenger traffic rose in February

By: Keith Campbell     21st April 2017 The growth in demand for air freight, measured in freight-tonne-kilometres (FTKs), in Africa increased by more than 10% in February, in comparison to February last year. African air passenger traffic, measured in revenue-passenger-kilometres (RPKs) jumped 7.1% over the same period. This has been... 

Interest in nuclear energy said to be rising across sub-Saharan Africa

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

How South Africa is attracting the world’s leading hospitality experts to advise on growth for the next decade

     20th April 2017 Sub-Saharan Africa needs tourism for jobs and investment and a new expo based on one of the world’s most successful brands will bring international experience to Johannesburg in June 2017 Some of the world’s leading experts in hospitality have agreed to appear at the inaugural The Hotel Show... 

Alcoa swaps New York for the city of steel as Harvey simplifies

By: Bloomberg     20th April 2017 Alcoa is giving up the glamour of New York City and going back to Pittsburgh, as new CEO Roy Harvey steps up efforts to streamline the aluminium maker. Changing headquarters and closing seven locations across the US, Europe and Asia is part of a push to lower costs after the producer of the... 

Iron slumps into bear market as Barclays sees further losses

By: Bloomberg     10th April 2017 Iron-ore’s descent into bear-market territory may herald further weakness, with Barclays pinning the blame for the slide on lower steel demand in China driving a shift from mills toward lower-quality ore and raising the prospect of a drop into the $50s. Ore with 62% content in Qingdao fell 1%... 

Fortescue moves on growing markets outside steel giant China

By: Bloomberg     7th April 2017 Fortescue Metals Group is making iron-ore marketing forays to steel-producing nations outside China to tap forecast increases in demand from burgeoning infrastructure projects across the region. The world’s fourth-biggest exporter’s mines in northwestern Australia are well-positioned to take... 

When the going gets tough, the tough go skiing

By: Riaan de Lange     7th April 2017 In a mere ten days, the men of the next generation of two internationally renowned (you can also read infamous) families on both sides of the pond made the same decision when their presence was required at home at two very important events. Both men attained their privilege by birth (well, one of... 

US launches partnership with African electricity company

By: African News Agency      5th April 2017 The US Department of State, in partnership with the Edison Electric Institute (EEI), officially launched the African Utility Power Sector Exchange (AUPSE) on Tuesday with a summit in Washington, DC, attended by African and US utility CEOs. The summit was opened by acting Special Envoy and... 

SA new-vehicle exports into Africa plummet 73% since 2013

By: Irma Venter     3rd April 2017 New-vehicle exports from South Africa into the rest of Africa continued its steep decline in 2016, notes the National Association of Automobile Manufacturers of South Africa (Naamsa) in its newest quarterly business review. Export sales of new vehicles have declined from 78 787 units in 2013, to... 

Gold seen soaring to $1 500 as inflation poised for a comeback

By: Bloomberg     29th March 2017 Gold is poised to rally to levels last seen four years ago as rising inflation and negative real interest rates combine to boost demand, according to Incrementum, which says that the precious metal may be in the early stages of a bull market. Prices may climb to $1 400/oz to $1 500/oz this year,... 

Nuclear energy essential to guard against climate change 

By: Keith Campbell     29th March 2017 The world can only meet the target of restricting global warming to 2 °C by the end of this century by greatly increasing the use of nuclear power. So affirmed World Nuclear Association (WNA) director-general Agneta Rising in her address to the Nuclear Africa 2017 conference. She cited studies by... 

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119 Close