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Positive outlook for automotive industry

By: Robyn Wilkinson     10th February 2017 Increased new-car production levels, which include an expected growth in vehicle exports, are likely to drive improvement in South Africa’s automotive industry this year, says industrial equipment supplier Bearings International sales representative Cherry Slater. 

Global uncertainties to drive FDI in Africa’s mining sector

By: Ilan Solomons     9th February 2017 The uncertainties surrounding geo-economic trends, including Brexit, Donald Trump’s election as US President and increasing efforts by China to dominate the global economy, may not bode well for global political stability but could present opportunities for Africa, says global law firm Baker... 

Indonesia’s biggest coal miner sees first profit since 2011

By: Bloomberg     9th February 2017 PT Bumi Resources will post its first annual profit in five years as a rally in fuel prices help Asia’s biggest exporter of thermal coal push through a debt restructuring. The company, controlled by the family of Indonesian politician Aburizal Bakrie, had net income of $101.6-million last year,... 

Locally developed pelletising technology set for commercial roll-out

By: Ilan Solomons     8th February 2017 Engineering company CoalTech has successfully established a 10 000 t/m coal pelletising and curing plant, in eMalahleni, Mpumalanga. Having initially launched its pelletising technology at the 2016 Investing in African Mining Indaba, the company announced to delegates at this year’s Mining Indaba... 

Africa’s largest product sourcing expo rebranded in 2017 to ‘meet buyers’ demands’

     8th February 2017 Trade buyers arriving in Johannesburg this year are promised an exciting new SAITEX event offering more new products that meet the demands of increasingly discerning African consumers   Africa’s largest international product sourcing expo has been rebranded and relaunched this year to meet the... 

CMC Networks in New Partnership with The Carlyle Group

     8th February 2017 CMC Networks, Africa’s largest managed connectivity provider, today announced that The Carlyle Group, a Global Alternative Asset Manager, has acquired a majority shareholding of CMC.  The transaction value exceeds $100 million (R1.4 billion) and Carlyle’s investment gives them a majority... 

Metalicity taps potential partner for Admiral Bay

By: Esmarie Swanepoel     8th February 2017 ASX-listed junior Metalicity has inked a memorandum of understanding (MoU) with the engineering and equipment arm of zinc developer China Nonferrous Metal Industry’s Foreign Engineering and Construction Company (CNFC), to possibly partner in the Admiral Bay zinc project, in Western Australia. The... 

Roytec Global

By: Creamer Media Reporter      7th February 2017 South Africa-based liquid/solid and mineral separation equipment supplier Roytec Global is a leader in the supply of thickening, filtration and mineral floatation technologies for the mining industry. Roytec is passionate about service excellence and prides itself on living up to its promises.  

Australian miners launch new campaign to defend against anti-mining sentiment

By: Esmarie Swanepoel     6th February 2017 The Australian mining industry has launched a new publicity campaign to combat the anti-mining sentiment broadcast by green activists. Minerals Council of Australia CEO Brendan Pearson said the Making the Future campaign will explain the current and future contribution of the mining sector to... 

Machine Tools Africa to showcase latest technology

By: Creamer Media Reporter      3rd February 2017 Quality tools and machinery are the backbone of the South African manufacturing industry which is why Machine Tools Africa 2017 has been designed to showcase the very latest technology developments, machinery, products, services and solutions in this innovative sector. Machine Tools touch every... 

SA fly-farming venture receives funding for global expansion

By: Irma Venter     3rd February 2017 Cape Town-based waste-to-protein producer AgriProtein says it has secured $17.5-million of further capital from its key strategic partners to fund the company’s expansion into Europe, North America and Asia.   The new investment values the fly-farming venture at more than $117-million.   The new... 

Turnbull emphasises Australia’s need for coal, gas as baseload energy sources

By: Esmarie Swanepoel     2nd February 2017 The Minerals Council of Australia (MCA) has welcomed Prime Minister Malcolm Turnbull’s comments that both coal and natural gas have a significant role to play in Australia’s energy future. “We have an abundance of coal, gas, sun and wind resources, not to mention uranium. Yet, our energy is among... 

Friedland’s Ivanhoe soars as market bets on Congo motherlode

By: Bloomberg     31st January 2017 Canada has a new stock-market crush. Ivanhoe Mines, the Vancouver-based company founded by Robert Friedland, is the best-performing stock on the S&P/TSX Composite Index in the past six months as expectations build over its African copper project. 

Rio unit born in Death Valley is retooled for battery boom

By: Bloomberg     31st January 2017 During the financial crisis,  Rio Tinto Group needed cash and tried to unload its oldest mining business – one that began in 1872 hauling borates salts by mule from Death Valley to make US laundry soap. The company gave up on a sale because no one would pay the asking price. A decade later, the... 

Global steel production rises 0.8% y/y in 2016

By: Anine Kilian     25th January 2017 Global crude steel production, as reported by the 66 member countries of the World Steel Association (worldsteel), increased by only 0.8% year-on-year to 1.63-billion tonnes in 2016. The Commonwealth of Independent States (CIS), the Middle East, Asia and Oceania contributed positively to the... 

‘TPP minus one’ still has much to offer, says Australia’s MCA as Trump nixes trade deal

By: Mariaan Webb     24th January 2017 The absence of the US in the Trans Pacific Partnership (TPP) does not have to mean the end of the planned trade deal, the CEO of the Minerals Council of Australia, Brendan Pearson, said on Tuesday. Commenting on US President Donald Trump’s formal withdrawal from the trade pact, which was the... 

‘Volatility is the new normal’ – Teck CEO's plan to create certainty

By: Henry Lazenby     24th January 2017 Commodity price volatility is the new normal as the mining industry is cautiously optimistic of the start of a new progressive price cycle. “The fact that volatility is the new normal is unfortunate, but real, and we have to deal with that to create certainty. We are seeing higher highs and lower... 

Alstom invests in EasyMile, a start-up developing electric driverless shuttles

     19th January 2017 Alstom is investing €14 million, and thus taking a minority stake, in EasyMile, an innovative start-up company developing the EZ10 electric driverless shuttle. The investment forms part of the start-up’s ongoing capital increase. In parallel, Alstom and EasyMile have signed a commercial... 

Denel On Track To Meet Contract With Namibia

     19th January 2017 Denel is on track to deliver armoured patrol vehicles and light-weight remote weapon systems to Namibia within the next four months.   The contract is a substantial one and consists of eight RG32M vehicles and four SDROW weapon stations. Johan Steyn, CEO of Denel Vehicle Systems, says delivery to... 

Global Plastics Industry Effort To Combat Marine Litter Grows In 2016

     19th January 2017 Seven New Industry Associations Join the “Joint Declaration”; Group Will Operate as the “Global Plastics Alliance” Going Forward Seven new signatories were added to The Declaration of the Global Plastics Associations for Solutions on Marine Litter, also informally known as the “Joint Declaration”... 

Denel meeting mine-resistant vehicle contract from Namibia

By: Keith Campbell     19th January 2017 South African defence group Denel reported on Thursday that its subsidiary, Denel Vehicle Systems, was on track to complete an export order to Namibia by the end of March. The order is for eight RG32M vehicles and four Self Defence Remotely Operated Weapon (SDROW) stations. The group described... 

From farm to fork – Africa’s top F&B show gets a makeover

     18th January 2017 Africa’s Big 7, the continent’s leading event for the food & beverage industry runs from June 25 to 27 in South Africa attracting senior buyers from across the sector Africa’s premier food and beverage show has been rebranded and has relaunched this year to meet the needs of a changing market. 

Geopolitical tensions, other factors to boost gold demand this year

By: Megan van Wyngaardt     13th January 2017 Heightened political and geopolitical risks, currency depreciation, expectations of rising inflation, inflated stock market valuations, long-term Asian growth and the opening of new markets are all expected to positively influence demand for gold and gold’s performance this year, says the World... 

Thirty-two tons a second shows China’s record iron appetite

By: Bloomberg     13th January 2017 Iron-ore imports by China surged to a record above one-billion metric tons last year as unexpectedly strong steel production and lower local mine output combined to fire up demand in the world’s top buyer for cargoes from Australia and Brazil, supporting a rebound in prices. Asia’s top economy... 

From farm to fork – Africa’s top F&B show gets a makeover

     12th January 2017 Africa’s Big 7, the continent’s leading event for the food & beverage industry runs from June 25 to 27 in South Africa attracting senior buyers from across the sector Africa’s premier food and beverage show has been rebranded and has relaunched this year to meet the needs of a changing market. 

SA fly-farm venture secures funding for global expansion

By: Irma Venter     12th January 2017 Cape Town-based waste-to-protein producer AgriProtein says it has secured $17.5-million of further capital from its key strategic partners to fund the company’s expansion into Europe, North America and Asia.   The new investment values the fly-farming venture at more than $117-million.   The new... 

Would-be kingmaker calls out Australian iron giants in ore tax battle

By: Bloomberg     12th January 2017 The world’s biggest mining companies producing iron ore from Australia aren’t paying their fair share in taxes, according to a lawmaker who wants a 20-fold raise in a state levy that’s been unchanged since the 1960s and the era of imperial pounds, shillings and pence. The proposal has... 

Africa is poised for sustainable growth and development. But there are risks

     9th January 2017 As we know, growth accelerations are pretty commonplace among developing countries. Economist Ricardo Haussman and his colleagues identified 83 growth accelerations of eight consecutive years at 2% higher than the five-yearly average between the mid-1950s and early 2000s. But most growth... 

Outlook 2017: SA growth weak, but stronger than 2016

By: News24Wire      3rd January 2017 South African asset prices should perform "ok", but mainly because there are more negative peers to compare to – especially Turkey – emerging markets economist Peter Attard Montalto of Nomura said on Thursday. "South Africa will see an overarching political narrative as the ANC moves to its... 

Refined copper widens nine-month deficit - report

By: Henry Lazenby     23rd December 2016 The latest data out from the Lisbon-based International Copper Study Group (ICSG) shows a copper production deficit of 84 000 t for the first nine months this year, wider than the deficit of around 28 000 t in the comparable period of 2015. The ICSG’s preliminary data for September world copper... 

Bespoke hybrid power system for outdoor telecoms sites

By: Schalk Burger     16th December 2016 The eSite x10 hybrid power system aims to provide outdoor telecommunications sites, such as cellular towers, with high uptime and low power costs. The system is purpose built to outdoor telecommunications equipment standards for such sites. The sealed tamper-proof unit with passive convection... 

Finance titans face off over $5tn London gold market

By: Bloomberg     14th December 2016 Some of the biggest names in finance are fighting for control of the London gold market – a $5 trillion, three-century-old trading hub that is being forced to adapt to a digital e. As the London Bullion Market Association revamps over-the-counter trades that are the market’s major pricing... 

Ivanhoe PEA outlines two alternatives for DRC-based Kamoa/Kakula deposits

By: Henry Lazenby     13th December 2016 A new preliminary economic assessment (PEA) has outlined two potential initial development scenarios for Ivanhoe Mines’ “disruptive” Kamoa-Kakula copper project, in the Democratic Republic of Congo (DRC). The PEA examined two initial scenarios for development of the high-grade copper deposits at... 

Coal demand growth to stall as appetite wanes, according to IEA

By: Natasha Odendaal     12th December 2016 As appetite for other energy sources gain momentum, with the fast growth of renewables and a strong focus on energy efficiency, growth in global coal demand is expected to stall over the next five years, the International Energy Agency’s (IEA’s) latest ‘Medium-term Coal Market’ report shows.... 

Volvo Trucks expands sales into rest of Southern Africa

By: Irma Venter     9th December 2016 Volvo Trucks should this year sell around 250 new trucks in Southern African markets outside South Africa, says Volvo Group Southern Africa president Torbjörn Christensson. Three years from now, in 2019, the company wants sales in these Southern African markets to grow to 1 000 trucks a year. 

Air cargo volumes encourage, outperforming weak global trade

By: Martin Zhuwakinyu     8th December 2016 Although the global airfreight business continues to face headwinds from weak global trade, the International Air Transport Association (Iata) says there are encouraging signs that growth in air cargo volumes, which came in at 8.2% year‐on‐year in October, will endure into the new year. This was... 

Glencore's Rosneft deal wins analyst thumbs-up

By: Martin Creamer     8th December 2016 The share price of diversified mining and marketing company Glencore rose in Johannesburg on the news that the company is in final-stage negotiations to buy 19.5% of Russia’s privatised oil company Rosneft for $11-billion together with the Qatar Investment Authority, which is Glencore’s largest... 

Prioritizing renewable energy and energy efficiency to accelerate growth in Africa

     7th December 2016 ABB supported a number of pledges signed by world leaders at COP21 in Paris, including a commitment to scale up renewable energy and help emerging economies transition their markets for energy efficient products. At COP22, ABB showed how this commitment translates into solutions and services that... 

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