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Denel Asia confirmed as Denel Group looks to the East for markets

By: Keith Campbell     24th August 2016 Denel acting CFO Odwa Mhlwana has confirmed that the creation of Denel Asia, a joint venture with South African private-sector company VR Laser, has been approved by the relevant governmental authorities. Furthermore, they have agreed that nothing wrong was done in setting up the company, which... 

Denel optimistic about its regional aircraft project

By: Keith Campbell     24th August 2016 The Denel Group, South Africa’s State-owned defence and aerospace business, is upbeat on the future of its Small African Regional Aircraft (Sara) project. “We have progressed well on the Small African Regional Aircraft concept, and have developed a full-scale mock-up as part of the R&D [research... 

Govt, AMSA reach accord on steel price basket

By: Kim Cloete     23rd August 2016 Steel producer ArcelorMittal South Africa (AMSA) and government have agreed to remove import parity pricing with immediate effect in a bid to boost South Africa’s steel industry. The local price for flat steel products will be based on an import-weighted basket. 

A commodities rebound is accelerating right on China’s doorstep

By: Bloomberg     19th August 2016 China may be slowing, but a commodities rebound is under way and the world’s biggest miner knows where the next growth story is building – emerging economies in Southeast Asia. Combined gross domestic product in the ASEAN-5 nations – Indonesia, Thailand, Malaysia, the Philippines and Vietnam –... 

China’s Silk Road revival plan could touch 4.4m people

By: Bloomberg     19th August 2016 China's ambition to revive an ancient trading route stretching from Asia to Europe could leave an economic legacy bigger than the Marshall Plan or the European Union’s (EU’s) enlargement, according to a new analysis. Dubbed 'One Belt, One Road’, the plan to build rail, highways and ports will... 

Electric drives delivered for truck and bus systems

     19th August 2016 Germany-based manufacturing company ZF offer all-electric drive solutions for urban vehicles with limited range, and hybrid technologies for long distance transport applications where combustion engines continue to be indispensable in the long term. Its newest development is an all-electric... 

Singapore consultancy acquires SMEC in $400m deal as it seeks to have a global presence

By: Dylan Slater     19th August 2016 Singapore-based urban development consultancy Surbana Jurong acquired 100% of Australia-based major infrastructure consultancy firm SMEC on August 1, in an acquisition valued at about S$400-million.  

African auto body lobbies Nigeria on industry development

By: Irma Venter     17th August 2016 A delegation from the African Association of Automotive Manufacturers (AAAM), led by chairperson Jeff Nemeth, is visiting the Nigerian capital, Abuja, with the aim of creating a framework for policy development that will support the growth of the Nigerian automotive industry. Nemeth is also the... 

BHP’s potash mine may be mothballed after $2.6bn spent

By: Bloomberg     17th August 2016 BHP Billiton, the world’s biggest mining company, may end up mothballing its Canadian potash project by the end of this decade after completing two shafts at a cost of about $2.6 billion. The shafts at the giant potash deposit in Saskatchewan are now at a depth of about 600 meters (1 970 feet),... 

Iron-ore seen back at $40 by Morgan Stanley as seasons shift

By: Bloomberg     16th August 2016 Iron-ore’s 2016 rally may be about to face a challenge from the changing of the seasons. Morgan Stanley has forecast that prices may tumble back to $40 a metric ton this half as the approach of winter in China typically blunts steel demand and output. “Our short-term forecast still features a... 

Santos flags $1bn Gladstone LNG charge on gas supply

By: Bloomberg     15th August 2016 antos will take a $1.05-billion writedown on its Gladstone LNG project due to rising prices for third-party gas supplies and slower-than-expected ramp up of its own equity output to feed the export project. The non-cash charge on the liquefied natural gas (LNG) development in Queensland, which... 

Platypus Minerals appoints new CEO

By: Megan van Wyngaardt     12th August 2016 Australian mineral exploration company Platypus Minerals has appointed Joe Walsh as its new CEO, effective November 7. Based in Brisbane, Walsh, who has over 25 years in industry experience, will lead Platypus in its strategy to become a lithium producer by exploring for lithium minerals and by... 

Solar aeroplane completes round-the-world trip

By: David Oliveira     12th August 2016 The zero-emission electric and solar aeroplane Solar Impulse 2 (Si2) completed its circumnavigation of the globe when it landed in Abu Dhabi again last month, following a 43 041 km journey of 17 legs. Flying from Egypt, Solar Impulse chairperson Bertrand Piccard landed in Abu Dhabi to complete... 

Atrum to get its foot in the door with anthracite deal

By: Megan van Wyngaardt     11th August 2016 ASX-listed Atrum Coal has secured the supply of up to 100 000 t of anthracite though an option agreement with Atlantic Carbon Group (ACG) to its target customers in Europe, South America and Asia. The two parties will share profits generated by the sale of anthracite on a 50:50 basis, with the... 

Peabody eyes further coking coal production cuts in Australia

By: Mariaan Webb     11th August 2016 Coal company Peabody Energy, which is under Chapter 11 bankruptcy protection, has flagged further reductions in its metallurgical coal production in Australia in the five-year period to 2021, as part of the group’s strategy to build a “smaller, but more profitable” platform in the country.... 

Hambro sees ‘very good fortunes’ for iron-ore on capex slump

By: Bloomberg     5th August 2016 A slowdown in spending on global iron-ore projects amid weak prices is setting the ground for a longer-term revival, according to Hong-Kong listed producer IRC, which is starting up production from a new project in Russia that was 10 years in the making. The steelmaking ingredient, which has... 

Can Europe survive without Britain?

By: Saliem Fakir     5th August 2016 The European project has been long in the making, starting with the formation of the European Coal and Steel Community (ECSC), which involved France, Germany, England and others and formally came into being in 1951 with the signing of the Treaty of Paris. Luminaries of the pan-European idea, such... 

Global defence aviation market predicted to expand, but competition to rise too

By: Keith Campbell     5th August 2016 European aerospace and defence company Airbus Defence and Space (Airbus DS) expects the global defence market to grow at an annual average rate of 2.4% between now and 2020. Currently, total global defence expenditure is estimated at about €400-billion. In terms of regions, defence spending in... 

Steel designations, Highveld supply to shore up AMSA demand amid weak market

By: Terence Creamer     29th July 2016 Steel producer ArcelorMittal South Africa (AMSA) expects a proposed deal to reopen the heavy-section mill at Evraz Highveld Steel & Vanadium (Highveld), together with recent moves by government to stipulate the use of local steel when calculating local content on certain infrastructure... 

Barrick taps Credit Suisse for sale said worth $1bn

By: Bloomberg     29th July 2016 Barrick Gold Corp, the world’s largest gold miner, may fetch as much as $1-billion for its 50% stake in the Kalgoorlie Super Pit mine in Australia, according to people familiar with the matter. Barrick, which announced plans to sell the stake in its second-quarter earnings release, has hired... 

PennEngineering® Enters Into Agreement to Acquire Heyco® Products Inc.

     28th July 2016 PennEngineering® has entered into an agreement to acquire Heyco® Products Inc. (Toms River, NJ, USA), it was announced today by both companies.  Terms of the agreement were undisclosed and no changes are anticipated regarding Heyco’s operations, facilities, and employees.  The acquisition is... 

Draft Mining Charter Three not an effective tool to achieve mining industry transformation – law firm

By: Mia Breytenbach     27th July 2016 The draft reviewed Mining Charter Three is not an effective tool to achieve the transformation of the mining industry, says law firm Cliffe Dekker Hofmeyr crossborder mergers and acquisitions Africa and Asia head Deepa Vallabh. Speaking at a ‘State of the South African mining industry’ seminar,... 

Brazilians and Moroccans agree to develop aviation industry in the African country

By: Keith Campbell     26th July 2016 Brazilian aerospace group Embraer and Morocco’s Mohammed VI International Academy of Civil Aviation (AIAC is its abbreviation in French) on Monday signed a memorandum of understanding (MoU) in Casablanca. The aim of the MoU is to develop aviation-related engineering in the North African country.... 

Small Business Awards celebrate entrepreneurship in South Africa

     26th July 2016 Nominations have opened for the 2016 702/CapeTalk Small Business Awards with Sage One, an annual celebration and support for the accomplishments of small South African businesses with big dreams and enormous potential. The winners and runners-up in Gauteng and the Western Cape will receive prizes... 

South Africa waking up to entrepreneurship, but coordinated strategy still lacking

By: Mia Breytenbach     22nd July 2016 Amid fiscal constraints, political uncertainties and extremely weak economic growth, South Africa is finally placing increasing emphasis on enterprise development and cultivating an entrepreneurship culture. Epitomising this shift in emphasis, Small Business Development Minister Lindiwe Zulu said... 

Boeing predicts growing demand for new airliners over next 20 years

By: Keith Campbell     22nd 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 at the... 

South Africa waking up to entrepreneurship, but coordinated strategy still lacking

By: Mia Breytenbach     22nd July 2016 Amid fiscal constraints political uncertainties and extremely weak economic growth, South Africa is finally placing increasing emphasis on enterprise development and cultivating an entrepreneurship culture. Epitomising this shift in emphasis, Small Business Development Minister Lindiwe Zulu has... 

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... 

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