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Domestic steel demand forecast to grow despite industry challenges

     7th July 2017 While domestic demand for steel and steel products is expected to grow by 1.2%, forecasts South African trade union Solidarity deputy general secretary Marius Croucamp, he adds that the steel industry is facing serious challenges, both at a primary steel producing level and in the downstream... 

Sven Riddle takes up the reins at Propak Africa and Propak Cape

     6th July 2017 Specialised Exhibitions Montgomery has announced the promotion of Sven Riddle to Event Director of the highly successful trade exhibitions Propak Africa and Propak Cape. Having thrived in the exhibition industry during the past four years, Sven Riddle is thrilled to be taking up the reins as... 

Local wine and olive oil sectors on show at Propak Cape

     6th July 2017 Despite Africa taking over as the leading destination for exports from the Western Cape, the traditional export markets in Europe - mainly the UK, the Netherlands and Germany - remain important sources of foreign exchange reserves. The UK imported R1.5 billion worth of wine, R1.2 billion of... 

SMEC South Africa celebrates 70 years of transformational success

     5th July 2017 SMEC acquired Vela VKE, a South African professional consulting engineering company in 2012 as part of a strategy to strengthen their presence within South Africa and the wider African market. With Vela VKE commencing operations in 1947, this year proudly marks the celebration of 70 years of... 

Fly-farm venture mulls two more SA sites, appoints heavy hitters as it expands

By: Irma Venter     4th July 2017 Waste-to-nutrient group AgriProtein will expand its presence in South Africa with two new fly-farming sites, while also growing its research and development function in the country, says CEO Jason Drew. AgriProtein started operations in Cape Town in 2015, launching the world’s first... 

Improving safety at Savage River with RCT’s Smart Technology

     4th July 2017 Grange Resources’ Savage River mine in Tasmania, Australia saw the opportunity to further safeguard its operators on site by equipping its mobile equipment with remote controls. Implementing remote control technology has allowed Savage River’s operators to control machines from a safe location,... 

Metair acquires 25.1% of German battery manufacturer in R111m deal

By: Irma Venter     4th July 2017 The JSE-listed Metair group has acquired a 25.1% shareholding in Germany-based battery manufacturer and supplier, Akkumulatorenfabrik Moll (Moll), at a cash price of €7.425-million (R111.4-million). Metair is a global manufacturer, distributor and retailer of energy storage solutions and... 

New exchange optimistic of August listing breakthrough 

By: Natasha Odendaal     3rd July 2017 4 Africa Exchange (4AX) has secured a healthy pipeline of potential listings, cross-cutting industries such as agriculture, information technology and tourism and hospitality, besides others, with the first listing scheduled for the end of August or the first week of September. Of about 40... 

Transnet insists bond appetite remains as it again lowers capex forecast 

By: Terence Creamer     3rd July 2017 State-owned logistics group Transnet has sought to refute reports that demand for its bonds had collapsed following the recent downgrades to South Africa’s credit rating, insisting that appetite for its bonds remains strong both domestically and internationally. CFO Garry Pita said the reports... 

Western Areas makes shipping deadline

By: Esmarie Swanepoel     3rd July 2017 Nickel miner Western Areas on Monday told shareholders that it was able to send the final shipment of nickel-in-concentrate to its customer in Asia, despite earlier fears that this would not eventuate. Western Areas last week warned some A$9-million in expected sales revenue could be moved from... 

South Africa records trade surplus of R9.5bn for May – Sars

By: African News Agency      30th June 2017 South Africa registered a trade balance surplus of R9.5-billion for May this year, according to trade statistics released by the South African Revenue Service (Sars) on Friday. The stats, which include trade information with Botswana, Lesotho, Namibia and Swaziland, shows a year-to-date... 

Trump said to tout coal projects, nuclear aid in 'Energy week'

By: Bloomberg     30th June 2017 President Donald Trump is set to announce he is lifting an Obama-era policy that curtailed the financing of coal-fired power plants overseas, as he seeks to propel American " energy dominance" and reorients the US government away from fighting climate change. Trump also will describe a series of... 

Company celebrates 70 years of success

By: Robyn Wilkinson     30th June 2017 Professional engineering services provider SMEC South Africa’s merger with Singapore-based consultancy Surbana Jurong has further strengthened the South African company’s offering to the African market this year as it celebrates its seventieth year of operation. 

Freight demand remains robust, profit margins widen

By: Creamer Media Reporter      29th June 2017 Yearly growth in air freight tonne kilometres (FTKs) remained robust during the three months ended April, with airline heads of cargo increasingly positive about the outlook over the year ahead. Respondents to International Air Transport Association’s (Iata’s) latest quarterly Cargo Market... 

China said to plan coal import ban at some ports starting July 1

By: Bloomberg     28th June 2017 China plans to ban coal imports starting July 1 at ports that were set up through approvals by provincial authorities, the latest move by President Xi Jinping’s government to exert stricter control on the market. Ports in the world’s largest consumer of the fuel that were approved under the... 

As nasty quarter ends, iron's reprieve sees futures back in $60s

By: Bloomberg     28th June 2017 After what’s been a tough quarter, iron ore’s getting a small reprieve. Futures clawed their way back above $60 a metric ton and spot prices have rebounded from a one-year low as steel output holds up in China, buoying demand for the material even as its supply rises. The SGX AsiaClear contract... 

Glencore's long hunt for Rio Tinto's coal mines slips away

By: Bloomberg     27th June 2017 Glencore’s years-long pursuit for a bigger Australian coal business was delivered another setback on Monday after Rio Tinto Group passed on the company’s offer for a second time. Now the mining giant run by a former coal trader is running out of time to come back with a better offer or lose out... 

Electra Mining Botswana attracting top names and industry support

     26th June 2017 Leading local and international suppliers to the mining, industrial and power generation sectors have embraced the business growth opportunity that Electra Mining Botswana presents in the region. Komatsu Botswana, Atlas Copco Botswana, Hansen & Genwest, Cummins SA, Phoenix Contact, Worley Parsons... 

Djibouti commissions $590m multipurpose port

By: John Muchira     23rd June 2017 Djibouti has commissioned its $590 state-of-the-art Doraleh multipurpose port, at a time when fellow East African nations Kenya and Tanzania are investing heavily in port expansion in a bid to become the region's shipping hub. The new port, which occupies a 690 ha site, comprises 15 berths that... 

Expansion ensures greater manufacturing capability for Hydra-Arc

By: Nica Schreuder     23rd June 2017 Steel fabricator Hydra-Arc has recently expanded its machining capability allowing them to take on work previously done by international manufacturing and engineering companies. Founded in 1987 by Jose Maciel, Hydra-Arc has grown from a supplier of specialised welders into a leading refinery... 

Increased customs duty on stainless steel fasteners an ‘oversight’

By: Robyn Wilkinson     23rd June 2017 Cape Town-based fastener supplier Fastenright is appealing to the International Trade Administration Commission of South Africa (Itac) to remove the customs duty that was implemented on stainless steel fasteners on April 1. 

Infrastructure development key to accelerating growth, Gama avers 

By: Mia Breytenbach     23rd June 2017 Industrialisation and the provision of infrastructure will accelerate Africa’s economic growth, says State-owned logistics provider Transnet CEO Siyabonga Gama. Speaking at the International Heavy Haul Association (IHHA) Conference promotion breakfast, in Johannesburg, earlier this month, he... 

Lighting solutions company adapts to changing technology

By: Nica Schreuder     23rd June 2017 Leading lighting solutions company Beka Schrèder is succeeding in adapting to rapidly changing lighting technology, in its manufacturing process, while maintaining focus on cost benefits for consumers. Beka Schrèder product development manager Daniel Kasper says the company prioritises cost... 

Carpentaria weighing expanded Hawsons project

By: Esmarie Swanepoel     22nd June 2017 The demand for ASX-listed junior Carpentaria Exploration’s Hawsons supergrade product has significantly increased, with Taiwanese conglomerate Formosa Plastics Group increasing its uptake. Formosa has now increased its nonbinding letter of intent to purchase Hawsons supergrade product from... 

One billion rand boost for the agriculture production sector to be revealed during South Africa’s premier food expo

     21st June 2017 Trade & Industry Minister Rob Davies will reveal full details of the new dti Agro-processing Support Scheme at a special presentation at Africa’s Big 7 next week The Department of Trade & Industry (dti) has chosen Africa’s premier food and beverage event to announce its one billion boost for... 

Cape Town plant to build Cobra kit car for local, export markets 

By: Irma Venter     21st June 2017 Automotive Investment Holdings (AIH) has partnered with Les Hayden to industrialise Hayden Cobra kit car production in South Africa. Hayden started Cobra replica sports car production in South Africa in the 1980s with the Shamrock Cobra. He produced around 500 kits for the local and export markets. 

Free power: African launch of new batteries you recharge from saltwater

     20th June 2017 Hydra Light launches fuel cells at Johannesburg show next week that recharge by dipping in seawater, offering hours of free power possibilities without an electrical source After winning innovation awards around the world, Hydra Light, an Australia company, this week launches its innovative... 

Brazilian agency providing remote sensing training for African countries

By: Keith Campbell     16th June 2017 Brazil’s Instituto Nacional de Pesquisas Espaciais (INPE – National Institute for Space Research) has been providing training for Earth observation (EO) specialists from African and other countries (in Asia and Latin America), under its Capacitree programme, which is a capacity-building project... 

Serendipity smiles on Mkango’s Malawian assets as renewables growth demands more REEs

By: Henry Lazenby     13th June 2017 Demand for rare earth elements (REEs) for use in magnetic applications such as electric vehicles and wind turbines is driving renewed interest in securing supplies of these hard-to-come-by metals outside of the world’s dominant supplier China. This is exacerbated by the fact that while REEs are... 

Glencore doubles down on coal as mining rivals head for the exit

By: Bloomberg     12th June 2017 Glencore is doubling down on coal, even as rivals BHP Billiton and Rio Tinto Group move away from the world’s dirtiest fossil fuel. The company, run by former coal trader Ivan Glasenberg, made a surprise eleventh-hour $3.5-billion bid for a huge patch of thermal coal-rich ground on Australia’s... 

Forgery fears at Glencore unit spur nickel financing lawsuit

By: Bloomberg     12th June 2017 Glencore’s Access World unit was drawn into a London lawsuit over losses from a finance deal that allegedly relied on forged warehouse receipts for nickel, reigniting concerns about fraud in the storage of commodities. a London lawsuit over losses from a finance deal that allegedly relied on... 

Why engineers from across sub-Saharan Africa will head for the Western Cape in July

     12th June 2017 Cape Town is the hub of the oil, gas & petrochem sector for sub-Saharan Africa and the city hosts Oil & Gas 2017, a three-day conference and expo. Engineers are being invited to Cape Town this July for Oil & Gas 2017 with its unique three-day conference, with presentation on issues from fracking... 

Local diamond mining industry still holds ‘lots of potential’ – Botswana Diamonds

By: Megan van Wyngaardt     9th June 2017 With world diamond prices currently “very unexciting” and with stagnant growth forecast for jewellery sales, junior miners should think long and hard before investing in diamond exploration projects, as there is a risk of decreased investment from the market. Speaking at the Junior Mining Indaba,... 

Gold ETFs increase 10.5 t in May

By: Natasha Odendaal     9th June 2017 Total holdings in gold-backed exchange-traded funds (ETFs) increased 10.5 t in May to 2 291.9 t or 73.7-million ounces. The value of the holdings remained flat at $93.3-billion in May, when compared with the preceding month, the World Gold Council’s monthly gold-backed ETF holdings update shows. 

Conglomerate helps company reduce power generation costs

     9th June 2017 US-based multinational conglomerate corporation General Electric (GE) have announced an agreement with the world’s largest aluminium rolling company Hindalco Industries to upgrade generation equipment at its Renusagar Captive Power Plant in Uttar Pradesh, India. GE will modernise two steam... 

Industrialisation, infrastructure development to accelerate economic growth – Gama

By: Mia Breytenbach     5th June 2017 Industrialisation and the provision of infrastructure will accelerate Africa’s economic growth, says State-owned logistics provider Transnet CEO Siyabonga Gama. Speaking at the International Heavy Haul Association (IHHA) Conference promotion breakfast, in Johannesburg, on Monday, he highlighted... 

Coal industry expresses ‘serious concern’ about Australia’s electricity market review

By: Mariaan Webb     5th June 2017 The Australian coal industry has expressed “serious concern” about reports that the Finkel review of the national electricity market has turned its back on coal-fired electricity, in favour of renewable energy. Minerals Council of Australia CEO Brendan Pearson said on Monday that the country... 

Full range of corrosion control products available in Southern Africa

     2nd June 2017 Corrosion control product supplier JST International’s (JST’s) cathodic protection and impressed current cathodic protection systems and corrosion resistant pipe supports product ranges have been expanded to include the full range of corrosion control coatings and wrappings in Southern Africa. 

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