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China coking coal futures soar as import limit report stirs supply fears

By: Reuters     29th June 2017 China's coking coal futures soared 8 percent on Thursday and were on track for their biggest one-day jump in seven months, boosted by a report the world's top consumer plans to ban imports into small ports, stirring worries about tightening supply. The most-active coking coal futures in early... 

Ghana signs $10bn MoU with China for bauxite project – senior Minister

By: Reuters     29th June 2017 Ghana has signed a $10-billion memorandum of understanding (MoU) with China to develop its bauxite industry, the country's Senior Minister Yaw Osafo-Maafo said on Wednesday. Growth in the West African country slowed sharply in 2014 due to a fiscal crisis and tumbling commodity prices following... 

China said to plan coal import ban at some ports starting July 1

By: Bloomberg     28th June 2017 China plans to ban coal imports starting July 1 at ports that were set up through approvals by provincial authorities, the latest move by President Xi Jinping’s government to exert stricter control on the market. Ports in the world’s largest consumer of the fuel that were approved under the... 

China steel prices rise as govt crackdown offsets slow demand

By: Reuters     26th June 2017 China's steel prices rose on Monday, regaining some lost ground from last week, as investors bet on tighter supplies from government-enforced cutbacks, offsetting concerns about slow demand and rising inventories in the world's top steelmaker. The crackdown on low-end steel production has been in... 

LEM completes its surface mounted SO8 & SO16 isolated current transducers range with an integrated current conductor

     22nd June 2017 Key points: Open-loop Hall effect ASIC-based current transducers to measure from 4 A up to 30 A DC, AC or pulsed Cost effective, 2 x IC packaging for SMD automatic assembly Excellent immunity to external fields Good offset and gain drifts Wide operating temperature range from -40 to +125ºC Up to... 

Trump administration probe into steel imports nearly done – US official

By: Reuters     16th June 2017 A Trump administration investigation into whether foreign-made steel imports pose a risk to US national security is nearly done, a senior US official said on Friday, ahead of the expected release of the probe's findings late next week. "It is nearing conclusion," the US administration official... 

China iron-ore bounces off 7-month low as steel recovers

By: Reuters     14th June 2017 China's iron-ore futures bounced back from a seven-month low on Wednesday, tracking a recovery in steel prices, although concerns over surplus supply kept gains in check. The rebound may help stabilise spot iron-ore prices that hit their lowest level in a year this week. 

China to speed up closing small-scale coal mines to improve safety

By: Reuters     12th June 2017 China will speed up the closure of small-scale coal mines and strengthen inspections on safer production over the next three years, a government plan released on Monday showed. Beijing will accelerate closing small-scale coal mines with an annual production capacity of 90 000 t or less, as part... 

China says Zambia let go 31 Chinese held for illegal mining

By: Reuters     7th June 2017 Dozens of Chinese nationals who had been held for illegal mining in Zambia have departed the African country to return home, China's Foreign Ministry said on Wednesday. China had complained that Zambia provided no strong evidence of crimes committed by the 31 arrested in the copperbelt town of... 

The hard-to-believe steel shortage that's unfolding in China

By: Bloomberg     5th June 2017 The world’s top steelmaker may have a shortage of steel. China has a lack of rebar, according to iron-ore miner Fortescue Metals Group, which says a shortfall of the key product helps to explain a divergence between the price of the commodity it digs up with the alloy it’s made into. There’s a... 

China says 31 nationals detained in Zambia for illegal mining

By: Reuters     5th June 2017 Zambia has detained 31 Chinese nationals for illegal mining in the African country's copper belt but has failed to provide strong proof of their crimes, a senior Chinese diplomat said as he lodged a complaint. Lin Songtian, the Chinese Foreign Ministry's director-general for African affairs, told... 

Trevor Hill appointed new head of Audi SA

By: Irma Venter     30th May 2017 Trevor Hill has been appointed as the new head of Audi South Africa (SA). Hill will succeed Paul Sansom, who has been appointed as the MD of Audi Australia. 

Havilah gets partner at Kalkaroo

By: Esmarie Swanepoel     29th May 2017 Gold junior Havilah Resources has signed a memorandum of understanding (MoU) with Beijing-based Wanbao Mining to complete a prefeasibility study (PFS) on the Kalkaroo copper/gold project, in South Australia. The PFS, which will be undertaken by an independent mining consultancy, is expected to... 

India, Japan to push for One Belt, One Road counter at AfDB conference 

By: Ajoy K Das     19th May 2017 India will unleash its highest level of economic diplomacy at next week’s African Development Bank (AfDB) conference in the western city of Ahmedabad, with the aim of setting quantifiable targets of international economic and trade cooperation between the continents in a bid to counter China’s... 

BAW, IDC invest R250m to expand Gauteng minibus taxi plant

By: Irma Venter     19th May 2017 Beijing Automotive Works (BAW) and the Industrial Development Corporation (IDC) will invest R250-million to expand and upgrade its minibus taxi plant, in Springs, Gauteng. The facility currently assembles the Sasuka 16-seater taxi from semi knocked-down kits, for the South and Southern African... 

BAW invests R250m to upgrade Springs taxi plant 

By: Irma Venter     8th May 2017 Beijing Automotive Works (BAW) and the Industrial Development Corporation (IDC) will invest R250-million to expand and upgrade its minibus taxi plant, in Springs, Gauteng. The facility currently assembles the Sasuka 16-seater taxi from semi knocked-down kits, for the South and Southern African... 

China's economy shaping up for positive 2018, Rio Tinto says

By: Bloomberg     4th May 2017 Latest indicators on China’s economy point to continued growth through 2018, according to mining giant Rio Tinto Group, which counts the world’s No. 2 economy as its biggest customer. “Are we concerned about the Chinese economic health? The answer is no,” CEO Jean-Sebastien Jacques told... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

Iron slumps into bear market as Barclays sees further losses

By: Bloomberg     10th April 2017 Iron-ore’s descent into bear-market territory may herald further weakness, with Barclays pinning the blame for the slide on lower steel demand in China driving a shift from mills toward lower-quality ore and raising the prospect of a drop into the $50s. Ore with 62% content in Qingdao fell 1%... 

China said to push talks to create $241bn power giant

By: Bloomberg     30th March 2017 China’s state-owned enterprise regulator has asked coal mining giant Shenhua Group Corp. and power generator China Datang Corp. to discuss a possible merger, according to people with knowledge of the situation. The talks are at an early stage and there’s no guarantee of a deal, said the people,... 

Uncertain politics, policy development permeates commodities price outlook 

By: Henry Lazenby     3rd March 2017 A common factor in the outlook for most commodities included in The Bank of Nova Scotia Commodity Price Index is the outsized near-term importance of highly uncertain politics and policy, the group’s commodity economist Rory Johnston said in a special report of the Commodity Price Index this... 

Choking China backs race to mine greener iron-ore for top mills

By: Bloomberg     9th February 2017 Chinese engineers who carved a railway through the Tibetan plateau and built the world’s longest sea-bridge across Hangzhou Bay have a new challenge: developing a $3.4-billion project on Australia’s remote Eyre Peninsula to meet increased demand for cleaner iron ore. China Railway Group Ltd., the... 

Enormous global demand on way for copper, platinum, zinc – Friedland

By: Martin Creamer     8th February 2017 Enormous global demand is building up for copper, platinum and zinc, driven by new technology, mitigation of health risks in hospitals and agricultural augmentation, Ivanhoe Mines executive chairperson Robert Friedland said on Wednesday. In a comprehensive address to the Investing in African... 

Mining Indaba remains pivotal to Africa

By: Ilan Solomons     3rd February 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Mining Indaba remains pivotal to Africa 

By: Ilan Solomons     27th January 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

China’s metals curb plan seen risking shortages in biggest user

By: Bloomberg     26th January 2017 China’s proposal to halt some metals production to fight air pollution over the winter would create shortages of alumina but have a more limited impact on aluminium supply, according to China’s top industry body, which has been consulted on the plan. The proposal involves an alumina suspension... 

New CEO confirmed for MBSA as former chief heads for Beijing

By: Irma Venter     20th January 2017 German automaker Daimler has announced the appointment of Andreas Engling as the new CEO and manufacturing executive director of Mercedes-Benz South Africa (MBSA).Current CEO, Arno van der Merwe, will start a new chapter in his career as president and CEO of Beijing Benz Automotive (BBAC). Both... 

Rio ends quest for China mine riches with biggest shareholder

By: Bloomberg     18th January 2017 Rio Tinto Group and its largest shareholder Aluminum Corporation of China have terminated their joint venture (JV) established to find copper deposits, as global mining companies tighten exploration budgets. Chinalco Rio Tinto Exploration, a JV between Rio and Aluminum Corpporation, also known... 

Scotiabank Commodity Index set to end 2016 on high note

By: Henry Lazenby     21st December 2016 The Bank of Nova Scotia expects its benchmark Scotiabank Commodity Price Index to finish the year up 25%, with all sub-indices showing positive performance, the third largest Canadian banking group said Tuesday. The oil and gas index rose 55% in the year-to-November after both oil and natural gas... 

ABB supports China in transition to a "New Normal" with world-class innovation and energy efficiency

     7th December 2016 ABB CEO Ulrich Spiesshofer and Claudio Facchin, President, Power Grids division, delivered keynote addresses at ABB’s Power World 2016 event in Beijing, demonstrating ABB’s unique position as the partner of choice for stronger, smarter and greener grids in China as well as increasing... 

Boardroom shuffle sees Merc SA’s Van der Merwe head to China 

By: Irma Venter     6th December 2016 German automaker Daimler has announced the appointment of Andreas Engling as the new CEO and manufacturing executive director of Mercedes-Benz South Africa (MBSA). Current CEO, Arno van der Merwe, will start a new chapter in his career as president and CEO of Beijing Benz Automotive (BBAC). 

Gold surges most since Brexit as Trump win fuels market turmoil

By: Bloomberg     9th November 2016 Gold soared by the most since Britain’s Brexit vote in June as Donald Trump won the US Presidency, prompting a rush to havens and a flight from risky assets. Bullion jumped as much as 4.8% to $1 337.38 an ounce, the biggest intraday increase since June, and traded at $1 317.17 by 7:44 in London,... 

China copper imports drop to 21-month low in Oct as demand wanes

By: Reuters     8th November 2016 China's imports of copper fell 14.7% from a month ago to 290 000 t in October, its lowest since February 2015, General Administration of Customs data showed on Tuesday, as demand from the world's top commodities user continued to slow. Copper imports to China, the world's leading copper and... 

There’s an $8bn iron-ore quandary ahead for top miners

By: Bloomberg     3rd November 2016 The world’s biggest iron-ore miners are warning that prices are set to decline – just as they need to begin spending as much as $8-billion developing new mines to keep their best cash machines ticking over. Over the next five-to-10 years, the miners need new production to replace almost... 

China visit helps Duterte reap funding deals worth $24b 

By: Bloomberg     22nd October 2016 Philippine President Rodrigo Duterte will bring home $24-billion worth of funding and investment pledges from his four-day visit to China as both nations agreed to resume talks and explore areas of cooperation in the South China Sea. China will provide $9-billion in soft loans, including a... 

Reassurance in a stormy world

By: Keith Campbell     30th September 2016 After a review that lasted some two months, British Prime Minister Theresa May gave the go-ahead for the Hinkley Point C nuclear power plant (NPP), which will be built by a partnership between France’s State-owned Électricité de France (EDF) and China General Nuclear Power (CGN), another... 

China auto boom is warning to world miners facing scrap age

By: Bloomberg     29th September 2016 China is on the cusp of a scrap wave that will return metal from ageing cars and expired fridges to the supply chain in a growing threat to mining companies, according to  Chiho-Tiande Group , a top recycler, which is taking over one of the biggest and oldest names in Europe’s scrap business. The... 

RioZim chooses Chinese group to design $2.1bn power plant

By: Bloomberg     26th September 2016 RioZim chose a State-owned Chinese company to design a $2.1-billion power plant it plans to build in Zimbabwe, which faces frequent blackouts, and is lobbying South Africa’s electricity utility to buy from the facility to help attract investors. State Nuclear Electric Power Planning Design and... 

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