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‘Prudent’ consolidation positions Accelerate for future growth – COO

By: Nadine James     20th June 2018 JSE-listed Accelerate Property Fund on Wednesday posted stable financial results for the year ended March 31, reporting a 57.56c a share distribution, in line with guidance. Since listing on the JSE in December 2013, the company’s portfolio has grown from about R5-billion to R12.3-billion,... 

Jared Higgins

18th May 2018 This week we feature Jared Higgins, CEO of Secure Drive, a company that provides security transport services, protection services and risk consulting   

Farnese blue diamond, with 300-year royal history, fetches $6.7m

By: Reuters     16th May 2018 The Farnese Blue diamond, which was passed down through European royal families for 300 years, sold at auction in Geneva on Tuesday for 6.7-million Swiss francs ($6.7-million), beating auctioneers Sotheby's estimate of 3.5-million to 5-million Swiss francs. The 6.16 ct, dark grey-blue gem from... 

SA pharmaceuticals group expanding its French operations

By: Rebecca Campbell     11th May 2018 South African pharmaceuticals group Aspen is planning to invest €100-million in its French manufacturing operation in the coming years. This will be in addition to the investments totalling €55-million made from 2015 to 2017. Aspen has two operations in France – a manufacturing site at... 

Innovators emerge with novel ways to treat, conserve water

By: Kim Cloete     4th May 2018 Innovators from South Africa and Austria have met with potential partners and investors in Cape Town to present ideas to reduce the amount of water currently used in agriculture. The 17 innovators were chosen as finalists in the Agri-Water Open Innovation Challenge out of a pool of 70... 

Farnese blue diamond goes on sale after 300 years of royal history

By: Reuters     6th April 2018 The historically important Farnese Blue diamond, which was passed down through European royal families for some 300 years, is to go on sale for the first time next month, auctioneers Sotheby's said. Expected to fetch between $3.7-million and 5.3-million, the 6.1 ct, dark grey-blue stone from the... 

European Lithium publishes Wolfsberg PFS results

By: Esmarie Swanepoel     5th April 2018 The Wolfsberg lithium project, in Austria, is expected to deliver about 620 000 t/y run-of-mine production over a 12-year period, ASX-listed European Lithium reported on Thursday. A prefeasibility study (PFS) has estimated that the concentrator will produce an average of 55 400 t/y of spodumene... 

Nevsun's Timok UZ PFS elevates deposit among best anywhere

By: Henry Lazenby     3rd April 2018 A new prefeasibility study (PFS) on Canadian base metals producer Nevsun Resources’ Timok Upper Zone (UZ) copper/gold project, in Serbia, has confirmed the project as one of the best development-stage copper assets in the world, the company reports. Vancouver-headquartered Nevsun reported last... 

Steinhoff sells part of stake in South Africa's KAP to help cut debt

By: Reuters     14th March 2018 Crisis-hit South African retailer Steinhoff raised R3.66-billion ($311-million) from the sale of a 16.7% stake in KAP Industrial, another step in its efforts to shore up its finances and pay down debt. Steinhoff, which has more than 40 retail brands that include Conforama, Poundland and Mattress... 

New energy, environment partnership to further continental economy

By: Megan van Wyngaardt     12th March 2018 A new Energy and Environment Partnership (EEP) trust fund, covering Southern and East Africa was launched on Monday, with a combined commitment of €25-million from Finland and the Nordic Development Fund (NDF). The EEP is a multidonor fund providing early-stage grant and catalytic financing to... 

Gold-standard rules sought by billion-euro bitcoin broker

By: Bloomberg     12th March 2018 Bitcoin should be regulated similar to gold – which benefits from simpler compliance rules than stocks or bonds – according to Austria’s biggest broker of the digital token. While cryptocurrency transactions in the European Union above €10 000 should be subject to anti-money laundering rules,... 

HGM raises $4.5m for Austrian projects

By: Megan van Wyngaardt     7th March 2018 Australian exploration company High Grade Metals (HGM), which completed its relisting on the ASX this week, will use the A$4.5-million that it raised to advance nine projects in Austria. These projects include the Leogang cobalt, nickel and copper prospect, as well as the Schellgaden North gold... 

Africa’s leading industry trade fair prepares to open its doors

By: Creamer Media Reporter      6th March 2018 The countdown has begun: bauma CONEXPO AFRICA opens its doors for the third time in one week. The largest trade fair for construction machinery, building material machines, mining machines and construction vehicles in Africa continues to attract international participation, highlighted by four... 

Trade agreement with the EU a boost for Western Cape exports

By: Kim Cloete     1st March 2018 The Economic Partnership Agreement (EPA) between the European Union and six countries in Southern Africa has been a boost for the Western Cape, with strong gains for the wine and fishing industries since it came into effect in October 2016.  The EPA between the EU and the Southern African Customs... 

Global aeronautics body promoting networking among young researchers

By: Rebecca Campbell     9th February 2018 The International Forum for Aviation Research (IFAR) is seeking to develop international interactions between young professionals working in both technical and non-technical areas of aviation research around the world. This initiative is described as “early career networking” and is a focus area... 

Jaguar Land Rover to decide whether to build electric cars in UK in 2018

By: Reuters     8th January 2018 Britain's biggest carmaker Jaguar Land Rover will have to decide in the next 12 months whether to build electric cars in its home market, its director of sales Andy Goss said on Monday. Its first electric model, the I-PACE, will be built in Austria. 

European Lithium announces capital raising

By: Creamer Media Reporter      6th December 2017 The developer of the Wolfsberg project in Austria, European Lithium, on Wednesday announced that it would place shares to raise up to $4-million, with an option to raise an additional $1-million. The company would undertake the placement at an issue price of $0.225 a share, which represented a... 

Auto firms back deployment of high power EV charging network in Europe

By: Irma Venter     1st December 2017 BMW, Daimler, Ford and the Volkswagen group, which includes Audi and Porsche, have announced Ionity as a joint venture (JV) that will develop and implement a high-power charging (HPC) network for electric vehicles (EVs) across Europe. Ionity will launch 400 HPC stations by 2020. 

Ford, BMW, Daimler and VW launch JV to enable long-distance electric vehicle travel

By: Irma Venter     3rd November 2017 BMW, Daimler, Ford and the Volkswagen group, which includes Audi and Porsche, have announced Ionity as a joint venture (JV) that will develop and implement a high-power charging (HPC) network for electric vehicles (EVs) across Europe. Ionity will launch 400 HPC stations by 2020. 

Italy grants Energia exploration licence for historic Salafossa mine

By: Creamer Media Reporter      16th October 2017 ASX-listed Energia has been awarded an exploration licence covering the historic Salafossa mine area, in northern Italy near the border of Austria, the company reported on Monday. Salafossa, which was operational between 1964 and 1986, comprised a single sub-horizontal Mississippi Valley Style... 

Pan-European bank celebrates 45 years in SA

By: Robyn Wilkinson     13th October 2017 Pan-European banking and financial services provider UniCredit will celebrate 45 years of successful service in South Africa this year, having provided support for European companies entering African markets from its Johannesburg-based representative office since 1972. 

Bolivia and Paraguay sign nuclear cooperation agreements with Russia

By: Keith Campbell     6th October 2017 Russia’s State-owned Rosatom nuclear energy group is to establish a Nuclear Research and Technology Centre (NRTC) in Bolivia. The contract was signed in Vienna, Austria, on September 19, between Rosatom group company State Specialised Design Institute (SSDI) and the Bolivian Nuclear Energy Agency... 

Trade deals, emissions laws set to challenge SA auto industry, warns Toyota Europe’s Van Zyl

By: Irma Venter     29th September 2017 In an effort to clean up ever-increasing pollution, the UK in July announced a proposal that sales of new diesel and petrol cars would come to an end by 2040. This announcement mirrors one made earlier by the French government, with a similar timeline and intent. This means two of South Africa’s... 

Company provides solutions to facilitate progress in industry

29th September 2017 Aluminium has a “brilliant” future, as the light-weight material offers impressive solutions for sustainable mobility, durable packaging or urban construction projects, and the SMS group is perfectly positioned to further growth, avers systems supplier SMS group aluminium business head Michael... 

Trade deals, emissions laws set to challenge SA auto industry, warns Toyota Europe’s Van Zyl

By: Irma Venter     29th September 2017 In an effort to clean up ever-increasing pollution, the UK in July announced a proposal that sales of new diesel and petrol cars would come to an end by 2040. This announcement mirrors one made earlier by the French government, with a similar timeline and intent. This means two of South Africa’s... 

Bolivia signs contract with Russia to create nuclear centre

By: Keith Campbell     21st September 2017 Russia’s State-owned Rosatom nuclear energy group is to establish a Nuclear Research and Technology Centre (NRTC) in Bolivia. The contract was signed in Vienna, Austria, on Tuesday, between Rosatom group company State Specialised Design Institute (SSDI) and the Bolivian Nuclear Energy Agency... 

European Lithium exploring several options for Wolfsberg offtake

By: Mariaan Webb     14th August 2017 ASX-listed European Lithium and Chinese lithium firm Shandong RuiFu Lithium have agreed to extend the timeframe for entering into a formal offtake agreement for spodumene concentrate production from the Wolfsberg project, in Austria. European Lithium chairperson Tony Sage said on Monday that... 

Austrian engineering firms complain to EU about 'wage dumping' law

By: Reuters     9th August 2017 An Austrian law which could deter companies from contracting out work to lower-cost eastern Europe firms is in breach of EU law, the country's engineering industry has argued in a filing to the European Commission. Austria's Association of Metaltechnology Industries said late on Tuesday it had... 

Wolfsberg spodumene delivers battery-grade lithium carbonate

By: Creamer Media Reporter      27th July 2017 Spodumene concentrate from the Wolfsberg lithium project, in Austria, has been used to make a battery-grade lithium carbonate, which bodes well for the project to be a strategic supplier to the lithium battery plants being developed in Europe. Wolfsberg owner, ASX-listed European Lithium,... 

Cadence and Clancy aim to tap into Europe battery market with Austria project

By: Mariaan Webb     3rd July 2017 New project partners Cadence Minerals and Clancy Exploration are upbeat about prospects for the Leogang cobalt/nickel project extending over the Salzburg and Kitzbuhel regions of Austria, with an independent review of the project having delivered “encouraging” results. Aim-listed Cadence reported... 

SAPPMA and PPCA’s pipes XI conference

30th June 2017 More than 35 of South Africa and the world’s top experts on issues relating to plastic piping, water infrastructure and engineering will be presenting at this year’s PIPES XI Conference – an annual event hosted by the Southern African Plastic Pipe Manufacturers Association (SAPPMA).  This year’s... 

New Russia sanctions impact muted even as energy shares sag

By: Bloomberg     16th June 2017 For investors in Russia’s energy and metals sectors, the US Senate’s bill to expand sanctions was a blow. Whether it will hurt Russian companies targeted by the legislation is less certain. The Senate bill proposes adding restrictions to banks’ and energy companies’ ability to raise capital, and... 

Cadence signs MoU to earn 10% of Austria cobalt mine

By: Megan van Wyngaardt     15th June 2017 Aim-listed Cadence Minerals has signed a binding memorandum of understanding (MoU) with ASX-listed Clancy Exploration to earn an initial 10% interest in the high-grade Leogang cobalt-nickel sulphide project, near Salzburg, in Austria, through the issue of 73.7-million shares. Under the terms of... 

Accelerate Property Fund reports strong FY performance, sees tough times ahead

By: Megan van Wyngaardt     14th June 2017 JSE-listed Accelerate Property Fund on Wednesday boasted strong financial results for the year ended March 31, with its year-on-year distribution per share up 7.3% to 57.75c apiece. Since listing in December 2013, its portfolio has grown from R5.5-billion, at a share price of R4.88 apiece, to... 

European Lithium raises A$1.1m for Austria project

By: Mariaan Webb     8th June 2017 Investors, mainly European, have committed A$1.1-million towards advancing the Wolfsberg lithium project in Austria, ASX-listed European Lithium reported on Thursday. Nonexecutive chairperson Tony Sage said the funds would help the company finalise a prefeasibility study for the project. 

Positive signs for IFAT Africa 2017

By: Creamer Media Reporter      2nd June 2017 With four months to go before the beginning of the trade fair it is clear that IFAT Africa is proving to be relevant to many exhibitors. Close to 100 companies have already registered for the environmental technology trade fair in South Africa in 2017. IFAT Africa will be held at the Johannesburg... 

Structural supply side changes, growing demand support rising vanadium prices

By: Henry Lazenby     1st June 2017 Surging vanadium prices so far this year are underpinned by structural supply side changes and stable, growing demand from most end uses, analysis by independent market intelligence firm Roskill has found. Since falling to a 12-year low of $13.5/kg of ferrovanadium in the fourth quarter of 2015,... 

Rising US output holding back Opec’s efforts to cut global supply

By: Anine Kilian     26th May 2017 Fast-rising US shale output continues to hamper efforts by the Organisation of the Petroleum Exporting Countries (Opec) to cut oil supply to boost prices. IHS Markit senior director Bhushan Bahree noted in a statement on Friday that the US’s crude oil production is expected to rise by more 900... 

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