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First shipment of WA bauxite en route to China

By: Samantha Herbst     24th June 2016 Lightweight metals manufacturer Alcoa is celebrating its first shipment of Western Australia bauxite as part of an export trial approved by the state government last year. Perth-based Alcoa Mining president Garret Dixon noted that the milestone shipment – a 47 000-t parcel of bauxite bound for an... 

Graphite mine seeking $5.9m for plant upgrades, mechanisation and exploration

By: Oscar Nkala     24th June 2016 Zimbabwe's sole graphite mine is seeking joint venture partners or capital lenders willing to $5.9-million to fund plant upgrades and the purchase of equipment to start underground mining, as well as exploration projects to increase the operation's resource base.   Lynx Graphite board member... 

List of local suppliers for new passenger trains continues to grow

By: Irma Venter     24th June 2016 The number of local suppliers in the R51-billion contract to produce 600 new passenger trains for the Passenger Rail Agency of South Africa (PRASA) has reached 32. Six trains have been completed and shipped to South Africa to date. These units form part of an order of 20 that are being imported... 

Partnership to increase infrastructure growth

     24th June 2016 Three international firms consisting of the technology developer General Electric (GE) Africa, multi-industry company Mara Group and financial institution Atlas Merchant Capital have partnered to help address infrastructure challenges in Africa through investments in equity projects such as rail... 

Rail upgrade project largest in the world

By: Victor Moolman     24th June 2016 The new rolling stock procurement programme from the Passenger Rail Agency of South Africa (PRASA) is the largest passenger rail and system upgrade in the world, says professional service firm KPMG. 

Serious stresses remain at local level, but will they affect the elections?

By: Keith Campbell     24th June 2016 As is no doubt by now well known, the Institute for Security Studies recently reported that its violence monitoring project had identified 2 880 public protests in this country between 2013 and 2015, of which 53% had been violent. These protests are often, if not nearly always, described as... 

South Africa’s R&D spend falls short of Brics counterparts

By: Mia Breytenbach     24th June 2016 South Africa spends a relatively low proportion of its gross domestic product (GDP) on research and development (R&D), the National Advisory Council on Innovation (Naci) revealed in its yearly South African Science, Technology and Innovation (STI) Indicators report. “South Africa’s general... 

Township tourism remains untapped

By: Sydney Majoko     24th June 2016 Tourism in South Africa remains an untapped market. Yes, there are tourist destinations like Cape Town, KwaZulu-Natal and Mpumalanga but, as a country, we are barely scraping the barrel when it comes to cashing in on tourism generally and township tourism, in particular. The township economy... 

Truck group seeks to regain lost market share after restructuring

By: Irma Venter     24th June 2016 Following a slump in truck sales in South Africa in 2015, MAN Truck & Bus South Africa (SA) and MAN Sub-Equatorial Africa MD Markus Geyer is confident the company can win back its lost market share “within a year”. The local arm of the German group sold 1 317 trucks in South Africa in 2015, at a... 

South Africa seen as attractive market amid surging global solar PV deployment

By: Terence Creamer     23rd June 2016 A new study assessing the future role of solar photovoltaics (PV) in the global electricity system suggests that the technology’s installed base could grow to between 1 760 GW and 2 500 GW by 2030 and identifies South Africa as among the most attractive markets for deployment. Solar PV capacity... 

Brazil Enacts New Ambush Marketing Laws In Advance Of Rio 2016 Olympic Games

     23rd June 2016 In preparation for the upcoming 2016 Olympic Games in Rio, Brazil recently amended its 2009 Olympic Act to protect official event sponsors from ambush marketers.  The changes took effect on May 10, 2016.    “Brazil has enacted tough new legislation to protect the Games from ambush marketers,”... 

Orinoco eyes first gold in July, after customs delay resolved

By: Natasha Odendaal     22nd June 2016 The maiden gold pour at the Cascavel gold mine, in Brazil, is on track for July, as the commissioning of the gravity processing plant gets under way. ASX-listed Orinoco Gold said on Wednesday that it was preparing for the planned production build-up in mid-July, when the plant was expected to be... 

Spat over saltwater levels in SA chicken 

By: News24Wire      22nd June 2016 The Association of Meat Importers and Exporters of SA (Amie) said on Tuesday it does not agree with the SA Poultry Association (Sapa) that new regulations limiting the practice of injecting chicken with saltwater (brining) would render chicken unaffordable to the poor and hurt the local industry.... 

'Brics bank' says to issue bonds in members' local currencies

By: Reuters     21st June 2016 he New Development Bank (NDB), an infrastructure-focused lender established by the Brics emerging economies, plans to issue debt in the local currencies of its five member countries, the bank's president said. Known as the Brics bank, the NDB is seen by its members as an alternative to the World... 

Seeking gold amid rubble of a mine tragedy in job-starved Brazil

By: Bloomberg     21st June 2016 In the red-dirt hills of Minas Gerais, a part of Brazil named for the mines that provided livelihoods for generations, the country’s worst-ever environmental disaster has unearthed a new opportunity for locals stung by recession and job losses – panning for gold. Wildcat mining is on the rise in... 

Brazil fines Samarco 142m reais for damages to protected areas

By: Reuters     20th June 2016 Brazil's Environment Ministry fined mining company Samarco 142-million reais ($41.6-million) for damages to three protected areas resulting from a tailings dam burst in November, the ministry said on Friday. The ministry said in a statement the three areas on the coast of Espirito Santo state... 

Lantek: Software offering custom-built solutions for the railway industry

     17th June 2016 Ever faster, ever more reliable... From the first steam trains to old-time locomotives right up to the high speed TGV, the railway world has always been at the cutting edge of progress and technological innovation. To meet the challenges of today and particularly tomorrow, key companies within... 

Centaurus embarks on potash growth strategy with new JV

By: Creamer Media Reporter      17th June 2016 Formerly Brazil-only iron-ore company Centaurus Metals is continuing its diversification strategy and has now, in addition to copper and gold, also added potash to its portfolio. The ASX-listed company announced on Friday that it would embark on a 50:50 joint venture (JV) with Tavarua... 

PRASA New Rolling Stock Procurement Programme – Gibela rolling stock project, South Africa

By: Sheila Barradas     17th June 2016 The number of local suppliers in the R51-billion contract to produce 600 new passenger trains for PRASA has reached 32. 

Prioritise labour-intensive industries – EU Chamber

By: Nadine James     17th June 2016 The European Union Chamber of Commerce and Industry in Southern Africa (EUCCIISA) believes that the manufacturing sector and the Department of Trade and Industry (DTI) should prioritise less complex, labour-intensive production – as opposed to high-end, high-precision production –  to increase... 

R400m Dunnottar train plant contract awarded to black-owned firms

By: Irma Venter     17th June 2016 Gibela has awarded the Trencon Black Jills joint venture (JV) the R400-million contract to build the main site buildings at its Dunnottar train manufacturing plant, on the East Rand. The plant will be used to produce the 580 trains Gibela is to supply to the Passenger Rail Agency of South Africa... 

South African problems pose difficulties for German companies

By: Simon Sonnekus     17th June 2016 German companies aiming to enter the South African market in the near future will face several adversities, including visa regulations, a weakening currency and stringent regulations, says the Southern African–German Chamber of Commerce and Industry (SAGCC). Germany, South Africa’s biggest... 

Peruvian mining volumes continue to grow as new president takes helm

By: Simon Rees     15th June 2016 The Peruvian mining industry is expected to spur renewed growth in the country as output grows, prices stabilise and revive, several speakers told a recent Peruvian-Canadian Chamber of Commerce economic outlook seminar. The recent Peruvian election was so close that the winner Pedro Pablo... 

Mirabela enters liquidation as Santa Rita fails to attract bid

By: Mariaan Webb     15th June 2016 The Santa Rita mine of collapsed Australian junior Mirabela Nickel in Brazil has failed to attract an acceptable bid, resulting in the company being placed in liquidation. Receivers of Mirabela, which entered administration in September last year, started a sale process for the mine in October... 

Vale's Mozambique unit stops using Sena railway after attacks – State news agency

By: Reuters     15th June 2016 Brazil's Vale has stopped transporting coal on the Sena railway line from its mine in the western Mozambique after two gun attacks on its trains last week, the State news agency said on Tuesday. In both attacks, the gunmen fired at the cabin of the lead locomotive, the news agency reported,... 

South Africa edges up a notch in competitiveness

By: Natasha Odendaal     10th June 2016 South Africa’s competiveness has inched back to its former ranking at number 52 in the Institute for Management Development’s (IMD’s) competitiveness index for 2016, recovering from its one-ranking slip to 53 in 2015. Presenting the IMD World Competitiveness Yearbook 2016 on Friday, Productivity... 

Gibela secures 32 local suppliers for R51bn PRASA contract, seeks many more

By: Irma Venter     10th June 2016 The number of local suppliers in the R51-billion contract to produce 600 new passenger trains for the Passenger Rail Agency of South Africa (PRASA) has reached 32. Six trains have been completed and shipped to South Africa to date. These units form part of an order of 20 that are being imported... 

Trade test centre registered

By: Robyn Wilkinson     10th June 2016 Engineering, manufacturing, construction and maintenance services provider Steinmüller Africa has registered its Technical Training Academy as a decentralised trade test centre, enabling the company to perform trade tests in the field of welding. 

Record high macadamia prices cause for concern for industry

     9th June 2016 Global macadamia prices have reached record high levels amid reduced supply due to the drought in South Africa. However the delegates at the annual International Dried Fruit and Nut Congress held in San Diego, USA in June, warned that the lack of marketing campaigns to promote macadamia... 

Preliminary licence granted for Horizonte’s Araguaia nickel mine, beneficiation plant

By: Henry Lazenby     8th June 2016 Nickel development company Horizonte Minerals has received a preliminary environmental licence (LP) for the planned Araguaia nickel mine and beneficiation plant from the Brazilian Pará State Environmental Agency (SEMAS). According to the Aim and TSX-listed company, which brought the project from... 

Businesses must avoid a knee-jerk response to crisis events like a ratings downgrade, says Deloitte

     8th June 2016 A raft of weak economic factors and political uncertainty have created a “perfect storm” for the economy, but there are crucial steps businesses can take to limit the damage and ensure they can ride through the storm, says Rob Moody, Associate Director, Debt Advisory at Deloitte Capital. South... 

MAN aims to win back lost market share; van on the horizon

By: Irma Venter     8th June 2016 Following a slump in truck sales in South Africa in 2015, MAN Truck & Bus South Africa (SA) and MAN Sub-Equatorial Africa MD Markus Geyer is confident the company can win back its lost market share “within a year”. The local arm of the German group sold 1 317 trucks in South Africa in 2015, at a... 

Entrepreneurs navigating economic uncertainty better than large corporates – EY

By: Samantha Herbst     6th June 2016 In an environment where individual companies are being transformed by the disruptive force of technology, and where entirely new sectors are being created, entrepreneurs are becoming increasingly pivotal to global job creation, according to EY global chairperson Mark Weinberger. In a statement... 

G20 Nations Jeopardize Energy Transition

     6th June 2016 • Growing gap between investments and needs • South Africa has the highest investment needs • G20 putting climate goals and competitiveness at risk • Germany, UK, France and China the most attractive for investors The G20 nations are at risk of falling short of the climate goals they set in Paris... 

Zaff investment fund to take controlling interest in MBAC

By: Henry Lazenby     4th June 2016 Struggling fertiliser producer MBAC Fertilizer has filed for bankruptcy protection in Brazil, and is considering a similar move in Canada, as it seeks to recapitalise and restructure its business. MBAC owned and operated the Itafós Arraias single super phosphate (SSP) operation in Brazil, which... 

South Africa may dodge credit rating cut on Friday but risks remain – analysts

By: Reuters     3rd June 2016 Standard & Poor's (S&P's) will probably not cut South Africa's credit rating into "junk" territory on Friday, analysts say, but it may warn that any signs of political upheaval undermining economic policy could trigger a downgrade later in the year. S&P's, which rates the sovereign debt of... 

Bucking the trend: Australian prospector plans new iron-ore mine

By: Reuters     3rd June 2016 As most of the world's small iron-ore miners fight for survival, an Australian prospector is preparing to dig a new mine – counting on its high-grade ore and specialist mill buyers to compete in market dominated by mega producers. Quentin Hill, MD of Carpentaria Exploration, says his company's... 

Largo hits new production record at Maracas Menchen

By: Henry Lazenby     3rd June 2016 Vanadium producer Largo Resources has hit new vanadium pentoxide (V2O5) production records at its flagship Maracás Menchen mine, in Bahia, Brazil, bringing the operation a step closer to achieving nameplate capacity. The TSX-V-listed company on Thursday reported that it had broken all previous... 

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