http://www.engineeringnews.co.za
R/€ = 17.47Change: 0.04
R/$ = 15.70Change: -0.03
Au 1215.47 $/ozChange: 0.51
Pt 976.50 $/ozChange: -2.50
 

Topic

Denel to sign two landmark agreements with Malaysia counterparts

By: Samantha Herbst     20th April 2016  State-owned defence industrial group Denel will be signing two landmark agreements with counterparts in the Malaysian industry during this week’s Defence Asia Exhibition – DSA2016 – in Kuala Lumpur.   The agreements formed part of the offset arrangements contained in the 2012 contract to supply... 

Wind growth to taper in 2016 after ‘spectacular’ 2015

By: Terence Creamer     19th April 2016 The growth of wind-energy installations in 2016 is unlikely to match the unexpectedly strong 22% expansion of 2015, when a record 63.4 GW was added internationally, Global Wind Energy Council (GWEC) secretary general Steve Sawyer said on Tuesday. Speaking during a RenewableEnergyWorld.com webcast... 

Five-day audit test of St Helena Airport completed

By: Natasha Odendaal     15th April 2016 The Bombardier Challenger 300 aircraft that made the inaugural flight to St Helena Airport (HLE), in the south Atlantic Ocean, returned to its Lanseria, Johannesburg, base on Friday, following a successful five-day audit run, global business aviation organisation ExecuJet Africa said. The... 

Global stainless steel output contracts 0.3% y/y in 2015

By: Natasha Odendaal     15th April 2016 Global stainless steel and heat-resisting melt shop production for 2015 edged down some 0.3% year-on-year to 41.5-million tons, with declines across the board - barring Asia with the exception of China - the latest figures from the International Stainless Steel Forum (ISSF) showed. Data from... 

Denel says it seeks to resolve 'misunderstandings' with National Treasury

By: Keith Campbell     14th April 2016 State-owned defence industrial group Denel issued a press release on Thursday stating that it will continue to discuss with National Treasury the issue of its joint venture with private sector South Africa company VR Laser, to create a Hong Kong-based company to be called Denel Asia, to resolve... 

No room for complacency in capturing resources investment – Australia PM

By: Esmarie Swanepoel     12th April 2016 Australian Prime Minister Malcolm Turnbull has acknowledged that the Australian government needed to do more to provide a secure and attractive investment environment for global resources companies. Opening the eighteenth liquefied natural gas (LNG) conference, in Perth, on Tuesday, Turnbull... 

Gold mining remains ‘robust’ contributor to Ghana’s economy despite price, output slides of recent years

By: Mia Breytenbach     8th April 2016 Given an optimal investment climate and enhanced exploration activities, Ghana has the unique opportunity of maintaining its position as an attractive mining investment destination, notwithstanding the significant challenges confronting the industry, particularly the price of gold, avers Canadian... 

Heat exchanger market worth $21.8M by 2019

     8th April 2016 India-based market research company Markets and Markets (M&M) predict that the heat exchanger market will be worth $21.08-million by 2019 owing to demand increase from Europe and Asia. The exchanger market report conducted by M&M is based on heat exchanger types such as shell and tube, plate and... 

Potential growth in technology 

By: Sascha Solomons     8th April 2016 Amid the economic downturn and lack of skills in the foundry industry, the South African Institute of Foundrymen (SAIF) believes that growth opportunities for the industry lies in embracing technological development that will create new market opportunities. “To become more competitive, we, as an... 

South African container trade under pressure, report shows

By: Irma Venter     8th April 2016 Although South African container trade started off with a bang in 2015, with the market growing by 7% during the first half of the year compared with the same period in 2014, the second half of 2015 saw a significant slowdown, recording a 1% decline. In fact, in the fourth quarter of 2015, the... 

New PEM® Type SMPP™ Self-Clinching Nuts

     6th April 2016 Install with Minimal Footprint in Ultra-Thin Stainless Steel Sheets New PEM® Type SMPP™ self-clinching nuts from PennEngineering® install permanently in ultra-thin stainless steel sheets and provide dimensionally ideal solutions for stainless assemblies where space for attachment hardware may be... 

Lows of current copper cycle yet to be seen – GFMS

By: Henry Lazenby     5th April 2016 Market analysts at Thomson Reuters GFMS expect insufficient production cutbacks, higher output from the progeny of the last mine supply boom and lower Chinese demand growth – as the country transitions to a more consumer-based economy – to result in the fifth consecutive year of copper price... 

Dlamini-Zumu urges Africa to focus on youth skills at AU economic conference

By: African News Agency      5th April 2016 The African Union (AU) Conference of African Ministers of Finance, Planning and Integration concludes in Addis Ababa, Ethiopia on Tuesday with Dr Nkosazana Dlamini-Zuma, the Chairperson of the African Union Commission, imploring African countries to improve young people’s skills in science and... 

Tesla secures 180 000 orders for new EV in 24 hrs, drives auto sector demand for lithium 

By: Henry Lazenby     1st April 2016 Twenty-four hours after launching, US electric vehicle (EV) maker Tesla Motors has secured more than 180 000 orders for its new Model 3 vehicle, making it the biggest driver of potential lithium demand from the auto sector to date. By Friday afternoon, that figure had risen to above 198 000... 

Economist warns about impact of inflation spikes

By: Anine Kilian     1st April 2016 Inflation has shot up to its highest level since the 2008 economic downturn and South Africa should brace itself for further increases, especially in the agriculture sector, said Econometrix chief economist Azar Jammine on Friday. Speaking at a BMI Building Research Strategy Consulting Unit... 

Corsa Coal’s Q4 loss slides as prices, sales plunge

By: Henry Lazenby     1st April 2016 TSX-V-listed coal producer Corsa Coal has reported a fourth-quarter net loss of $106.35-million for the three months ended December 31, as realised prices for both its main operating segments fell. The company’s coal operations were conducted through the Somerset, Pennsylvania-based Northern... 

KPMG launch 2016 Africa Incentive Survey

     31st March 2016 KPMG has published its inaugural Africa Incentive Survey (2016), which contains useful information for business across 28 countries on the continent, representing 81 percent of Africa’s USD 2.4 trillion GDP and home to three-quarters of Africa’s 1.2 billion population. This Survey can be regarded... 

Gold price rebounds as investors look for safe-haven investment, survey finds

By: Ilan Solomons     31st March 2016 Thomson Reuters GFMS reports that, after three consecutive years of annual price declines, gold has recorded a “blistering start” to 2016. “Gold is the best-performing asset in what has been a turbulent beginning to the year,” noted the 2016 Thomson Reuters GFMS Gold Survey. 

Iron Mountain eyes bauxite on Solomon Islands

By: Esmarie Swanepoel     30th March 2016 Junior explorer Iron Mountain Mining has secured an option over two bauxite projects in the Solomon Islands. The company reported on Wednesday that it had signed an option agreement to acquire a 50% stake in privately-held Au Capital Mining, which held two prospecting licences in the Solomon... 

Moody rand takes bite out of container trade

By: Irma Venter     22nd March 2016 Although South African container trade started off with a bang in 2015, with the market growing by 7% during the first half of the year compared with the same period in 2014, the second half of 2015 saw a significant slowdown, recording a 1% decline. In fact, in the fourth quarter of 2015, the... 

Dmg events acquires Exhibition Management Services (Pty) Ltd South Africa

     22nd March 2016 One of the world’s leading event companies, dmg events, has announced the acquisition of long established Pan African exhibition organiser Exhibition Management Services Pty Ltd (EMS) – headquartered in Johannesburg, South Africa. dmg events is a wholly owned subsidiary of the Daily Mail &... 

Four New Market Members Join globalCOAL

     22nd March 2016 GlobalCOAL® announced today that four new Market Members have joined its international trading community. Based in Dubai, Ferrocadia DMCC is an international natural resources trading house. They have more than 20 years’ experience in the trade of physical and financial commodities, with a focus... 

Vietnam demanding more Australian coal

By: Esmarie Swanepoel     17th March 2016 Australian coal exports to Vietnam increased more than 538% in February, compared with the same month last year, as the Asian offtake partner embarked on a major electrification programme. The Minerals Council of Australia (MCA) reported this week that demand for high-quality Australian coal... 

Australia should do more to diversify economy – BHP CEO

By: Esmarie Swanepoel     16th March 2016 Australia cannot wait for another once-in-a-century commodity boom and has to do more to diversify its economy, the CEO of global mining group BHP Billiton said on Wednesday. Andrew Mackenzie told delegates at a summit in Melbourne that the country had to be more globally competitive. 

The Continental Free Trade Area Is Paramount In Unlocking Africa’s Economic Growth Potential

     11th March 2016 The Continental Free Trade Area and its implications for manufacturing in Southern Africa need to be top on the agenda of businesses operating within the metals and engineering sector, Steel and Engineering Industries Federation of Southern Africa Chief Executive Officer Kaizer Nyatsumba said... 

Schneider Electric and the French Ministry of Education...

     11th March 2016 Higher Education and Research sign multi-party agreements to open more French South African Schneider Electric Education Centres. Schneider Electric, the global specialist in energy management and automation, signed partnership agreements with the Cape Peninsula University of Technology, College... 

Cape Town’s V&A Waterfront swims against sluggish economic tide

By: Kim Cloete     11th March 2016 Cape Town’s V&A Waterfront is bucking the sluggish trend in the national economy. It pulled in over three-million visitors in December alone, has substantially boosted its coffers and has embarked on some dynamic new developments. Retail, commercial, leisure and residential developments are all... 

AB7 to provide gateway to expansion

     11th March 2016 A growing number of local and international packaging manufacturers are using the food and beverage exhibition Africa’s Big Seven (AB7) to access rapidly expanding consumer markets across the continent. AB7 set new records for international participation last year, with 267 food sector exhibitors... 

Bioproduct mill project, Finland

By: Sheila Barradas     11th March 2016 The project involves the construction of 1.3-million-tonnes-a-year bioproduct mill, in Äänekoski. 

Cape Town’s V&A Waterfront swims against sluggish economic tide

By: Kim Cloete     11th March 2016 Cape Town’s V&A Waterfront is bucking the sluggish trend in the national economy. It pulled in over three-million visitors in December alone, has substantially boosted its coffers and has embarked on some dynamic new developments.  Retail, commercial, leisure and residential developments are all... 

SA engineers are up there with the best in the world

     11th March 2016 By Marna Thompson There has been a lot of debate in recent months over the quality of South African engineers. There seems to be a perception that our engineers lag behind when it comes to inherent skills in this highly technical sector and that they do not quite measure up to their international... 

Unbundling of Bidvest Food service aims to create focused growth platform

By: Mia Breytenbach     11th March 2016 The unbundling and separate listing of JSE-listed Bidvest’s Foodservice will be “a great opportunity” for the business to refocus, expand its international footprint and continue its growth path, states founder and outgoing CEO Brian Joffe. Successful completion of the proposed transaction for... 

Three Canadian provinces in top ten of Fraser Institute’s Policy Perception Index

By: Henry Lazenby     10th March 2016 Three Canadian provinces rated tops in the Fraser Institute’s Policy Perception Index (PPI), although Australia surpassed Canada in 2015 to become the most attractive region in the world for investment. However, only two Canadian jurisdictions (Saskatchewan at 2 and Quebec at 8) were in the top... 

Seifsa continues search for top-performing companies

By: Anine Kilian     8th March 2016 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has called on manufacturers in the metals and engineering sector to submit their entries for the Seifsa Awards for Excellence before March 31. CEO Kaizer Nyatsumba said the metals and engineering sector faced several... 

Gorgon produces first LNG

By: Esmarie Swanepoel     8th March 2016 The $54-billion project, offshore Western Australia, has produced its first liquefied natural gas (LNG), US energy major Chevron reported on Tuesday. The first LNG cargo was expected to ship next week. 

Non-cash, one-time charges pull down ICTSI net income by 68% to US$58.5M; Recurring net income up 1% to US$174.7M

     8th March 2016 Throughput grew 5% to 7.8 million TEUs Revenues down 1% to US$1.051 billion EBITDA improved 2% to US$450.0 million International Container Terminal Services, Inc. reported audited consolidated financial results for the year ended December 31, 2015 posting revenue from port operations of US$1.051... 

Goldman says iron-ore rally to be short-lived on weak China steel demand

By: Reuters     7th March 2016 The rally in iron-ore prices will not last in the absence of a significant improvement in steel demand from top consumer China, Goldman Sachs said, as the investment bank stuck to its bearish take on one of this year's biggest commodity comebacks. Iron-ore has risen more than 22% this year,... 

Bacanora completes prefeasibility study on Mexican lithium project

By: Henry Lazenby     4th March 2016 TSX-V- and Aim-listed project developer Bacanora Minerals has this week reported positive results of a prefeasibility study (PFS) completed on its flagship Sonora lithium project, in Mexico. Baconora in August last year became the first company to sign a conditional long-term agreement with... 

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 $149 Close