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Natural gas market to boom, but comes with volatility

By: Megan van Wyngaardt     21st July 2016 As liquefied natural gas (LNG) plays an increasingly significant role in the transition to a low-carbon world, the market will become more volatile and risky, believes audit consultancy PwC’s strategy consulting business Strategy&. In a new analysis titled ‘Navigating the transformation of the... 

Wacker Neuson plans to open new factory in China

     21st July 2016 The Wacker Neuson Group is planning to open a new plant near Shanghai in China. Initially compact excavators will be produced for the local market, further products will follow. It is planned that the first compact excavator should roll off the production line at the beginning of 2018. Wacker... 

How solar plants and animals match together

     21st July 2016 Sustainable development has been established since long as a priority goal of governments, businesses but also of private investors. As a recently published report of the International Renewable Energy Agency emphasises, solar energy will continue to contribute to this goal: From todays 2% share... 

Global steel production down 1.9% y/y in H1

     20th July 2016 Global steel production was flat month-on-month at 136-million tonnes in June, but production for the six months ended June 30 was down 1.9% year-on-year at 794.8-million tonnes. The World Steel Association on Wednesday reported that production by the Commonwealth of Independent States increased... 

Datatec sees boost in gross margins, despite tough economy

By: Megan van Wyngaardt     20th July 2016 Dual-listed information and communications technology group Datatec on Wednesday reported that its gross margins for the quarter ended June 30 were 13.8%, up from 12.8% in the comparable period of 2015. The group described the quarter as “a sound trading start to the year”, despite tough global... 

MTN Nigeria wins 2.6 GHz auction, commits to continued investments in Nigeria’s broadband infrastructure

     20th July 2016 The Nigerian Communications Commission has declared MTN as winner of its latest auction for a ten-year frequency spectrum licence for the 2.6GHz band, which guarantees superior performance for wireless networks, especially 4G LTE services. The NCC had earlier confirmed that ‎MTN's bid was in full... 

Financing and legal frameworks key for successful renewables projects in Africa

By: Anine Kilian     19th July 2016 Less than 30% of renewable energy projects in Africa reach financial close, with the development process highlighted as the riskiest part of the development cycle, according to advisory firm Castalia Africa practice leader Patrick Longmire. “Renewable energy project development is expensive and... 

Silver outshines gold with robust H1 performance

By: Simon Rees     15th July 2016 While silver is sometimes called “poor man’s gold”, it has nevertheless outshone the yellow metal’s performance in recent months. Silver reached $20.47/oz on the July 11 London Bullion Market Association fix, a level not seen in almost two years. This was compared with a year-start fix of $14/oz... 

SA shipping container trade in choppy waters

By: Irma Venter     15th July 2016 The economic slowdown in China, declining demand for mining commodities, dwindling consumer spending power and the persistent drought in Southern Africa have all negatively impacted shipping container trade in South Africa in the first quarter of the year, with import and export markets declining... 

Bringing ‘big dreams’ to life in the Middle East and Asia

     14th July 2016 For the past four decades, global engineering and infrastructure advisory company Aurecon has played a key role in partnering with visionary developers in the Middle East and Asia to bring their boldest and bravest ideas to life. To support this vision, the company recently announced the... 

Boeing foresees increasing demand for new airliners over next 20 years

By: Keith Campbell     12th July 2016 US aerospace giant Boeing has forecast that the global market demand for new airliners will total 39 620 over the next 20 years, worth $5.9-trillion. This represents a 4.1% rise over last year’s forecast. These predictions were made in the company’s 2016 'Current Market Outlook', released on... 

Unloved coal seen surging as China cuts collide with La Nina

By: Bloomberg     12th July 2016 Thermal coal prices in Asia may jump as much as 50% if rainfall caused by La Nina is heavier than expected, further tightening the market as China cuts production, according to Citigroup. Prices at the Australian port of Newcastle, an Asian benchmark, may increase to $90 a metric ton if La Nina... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals

By: Henry Lazenby     8th July 2016 Bank of America Merrill Lynch (BofAML) has adjusted the price forecast for most mined commodities, citing increased market uncertainty favouring precious metals over the base metals pricing outlook. So far this year, mined commodities have rallied sharply, reinforcing analysts’ view that... 

Bauma Conexpo Africa 2018

     8th July 2016 The dates for the next Bauma Conexpo Africa are confirmed: : The third International Trade Fair for Construction Machinery, Building Material Machines, Mining Machines and Construction Vehicles will be held at the Johannesburg Expo Centre from March 13 to 16, 2018. According to Stefan Otto,... 

Autonomous cars could change face of motor insurance industry

By: Irma Venter     8th July 2016 The motor insurance industry faces radical restructuring as a result of the advent of autonomous cars. A research report released by Swiss Re and HERE in April, called ‘The Future of Motor Insurance’, calculated that autonomous driving (AD) technologies, such as lane departure warning, blind-spot... 

New vacuum pumps unveiled by company

     8th July 2016 In May, sophisticated vacuum products and exhaust management systems manufacturer Edwards unveiled its new vacuum pumps, which will strengthen the company’s capability to supply a totally customised vacuum package from atmospheric pumping through to an ultra-high vacuum. Edwards business line... 

Sustainability of African airports in the balance as air transport requirements increase

By: Dylan Slater     8th July 2016 The sustainability of air transportation in Africa is in the spotlight, with development in key areas requiring attention, according to the Airports Company South Africa (Acsa).  

Bacanora moves headquarters to UK, advances Sonora DFS

By: Henry Lazenby     7th July 2016 Mexico-focused lithium developer Bacanora Minerals on Thursday announced it would re-domicile from Canada to the UK. The company said its Aim listing garnered more investor interest, as demonstrated by the addition of two significant institutions to its shareholder register in the last eight... 

Platinum council backs Japan’s ‘Fruit of Platinum’ sweet spot

By: Martin Creamer     7th July 2016 Following May’s move to boost platinum bar and coin availability globally, the World Platinum Investment Council (WPIC) on Thursday threw its promotional weight behind investors in Japan’s flourishing ‘Fruit of Platinum’ exchange traded fund (ETF). The tie-up is the latest in a series of... 

ProLabs is closing the OEM technical gap

     6th July 2016 ProLabs, one of the global market leaders for network and connectivity products since 2004, is working in partnership with distributor, Networks Unlimited, to drive its core mission to provide customers with a choice: freedom from proprietary connectivity and the highest level of quality,... 

Leading Oem To Showcase Brands At Electra Mining Africa

     1st July 2016 FLSmidth has long been a leader on the African continent with its suite of minerals processing, materials handling and cement processing solutions, and its participation at Electra Mining Africa 2016 will underpin the importance that this region continues to have for the company. An in-depth... 

Chevron’s $54bn Gorgon LNG project evacuated after leak

By: Bloomberg     1st July 2016 Chevron evacuated workers at its $54-billion Gorgon liquefied natural gas (LNG) development after a gas leak at the site, the latest problem for the Australian mega-project. The plant, located on Barrow Island off Australia’s northwest coast, had a minor leak, Chevron said Friday in an e-mailed... 

Advances in energy-storage technology, burgeoning electric car market driving lithium and graphite uptake

By: Mia Breytenbach     1st July 2016 Advances in energy-storage technology and rising demand for batteries from the global electric vehicle (EV) market are driving the need for technology minerals – such as lithium and graphite – which are increasingly used in lithium-ion batteries. The sectors mining these industries are “young and... 

Industry top performers celebrated amid challenging times

     1st July 2016 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) announced the winners of its second Annual Awards for Excellence at a breakfast that took place before the commencement of the second day of the Southern African Metals and Engineering Indaba, which was held in Sandton in... 

South Africa must find ways to leverage trade policy to support small firms

By: Mia Breytenbach     1st July 2016 South Africa has to find ways of ensuring that small businesses participate actively in the global market, through not only export facilitation, trade exhibitions and market access opportunities obtained through preferential market opportunities but also through joint ventures (JVs), foreign... 

Aspire subsidiary awarded concession for cross-country rail corridor

By: Samantha Herbst     29th June 2016 ASX-listed metallurgical coal explorer and infrastructure company Aspire Mining’s subsidiary, Northern Railways, has been awarded a rail concession from the Mongolian government to build, operate and transfer a 547 km section of the newly agreed upon Northern Rail Corridor from Erdenet, in... 

Waterberg rail supply disappoints Exxaro

By: Martin Creamer     28th June 2016 Rail supply in the Waterberg region since the beginning of the year has been disappointing, Exxaro Resources said on Tuesday. The JSE-listed company reported receiving only 3.5 trains a week from Transnet Freight Rail instead of the required five, a situation likely to persist until the... 

PEM® Self-Clinching Standoff Fasteners in Range of Types and Styles Enable Mounting, Spacing, or Stacking of Multi-Panel Assemblies

     28th June 2016 PEM® self-clinching standoff fasteners from PennEngineering® enable precise and reliable mounting, spacing, or stacking of panels, boards, or components in assemblies.  This family of fasteners includes a wide range of types and styles designed for permanent installation into metal sheets as thin... 

Portfolio committee chair questions DTI’s exclusion from ‘steel committee’

By: Terence Creamer     24th June 2016 The Portfolio Committee on Trade and Industry has raised serious concern about the exclusion of the Department of Trade and Industry (DTI) as a direct participant in so-called ‘steel committee’ set up to monitor interventions made to shore up the domestic primary steel industry, which is under... 

DPI Plastics racks up orders in large-bore water infrastructure projects

     24th June 2016 DPI Plastics has already racked up two major orders for its new 630 mm Class 16 mPVC pipe, which it is now capable of manufacturing at its Roodekop factory. Technical and product manager Renier Snyman explains that this represents the latest addition to the 630 mm diameter range from DPI... 

Gold delivers on day of tumult as Brexit supports bull case

By: Bloomberg     24th June 2016 Gold delivered and more gains may be on the cards. As global financial markets were cast into turmoil by Britain’s decision to quit the European Union, the commodity that’s known above all else for its role as an investment refuge rewarded backers with the biggest surge since the global financial... 

Commodities reel in world market tumult as UK votes for Brexit

By: Bloomberg     24th June 2016 Commodities were swept up in global market turmoil as investors sold off growth-related assets including oil and copper and sought haven in precious metals as UK voters opted to leave the European Union after more than four decades. The Bloomberg Commodities Index fell as much as 2%, the most in... 

Company’s new design opens more doors for pipe manufacturers

By: Sascha Solomons     24th June 2016 Amid government spend on big water projects and the ongoing, urgent need for water infrastructure development, pipes manufacturer DPI Plastics’ latest addition to its existing 630-mm-diameter range, the new 630 Class 16 modified polyvinyl chloride (mPVC) pipe, has enabled the company to make... 

ABB inaugurates microgrid in South Africa, boosting renewables and power reliability

     23rd June 2016 Zurich, Switzerland, June 8, 2016 – Innovative solar-diesel solution provides continuity of power supply for ABB’s premises in Johannesburg and helps reduce carbon emissions ABB today commissioned an integrated solar-diesel microgrid installation at its 96,000 square meter Longmeadow facility in... 

Weak economy takes toll on container imports and exports

By: Irma Venter     22nd June 2016 The economic slowdown in China, declining demand for mining commodities, dwindling consumer spending power and the persistent drought in Southern Africa have all negatively impacted shipping container trade in South Africa in the first quarter of the year, with import and export markets declining... 

Africa uniquely placed to develop a diverse and sustainable energy mix

     22nd June 2016 Africa is uniquely placed to build a sustainable, renewable energy matrix with immense potential, says Rentia van Tonder, Head: Power at Standard Bank.  “However, how quickly, efficiently and at what cost the continent builds this energy infrastructure will be influenced by sovereign wealth,... 

The state of the European plastics industry

     21st June 2016 Despite a host of issues to tackle that range from marine waste to multiple force majeures at materials suppliers, the European plastics industry approaches K 2016 in a good state of health and with cautious optimism. But there are still many hills to climb. Plastics industry consultant Applied... 

South Africa should ensure small business participation through JVs, FDI investments – Zulu 

By: Mia Breytenbach     20th June 2016 South Africa has to find ways of ensuring that small businesses participate actively in the global market, not just through export facilitation, trade exhibitions and market access opportunities obtained through preferential market opportunities, but also through joint ventures (JVs), foreign... 

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