R/€ = 17.61Change: 0.04
R/$ = 15.79Change: 0.06
Au 1212.26 $/ozChange: 7.04
Pt 976.50 $/ozChange: 7.00


Air freight markets see April growth

By: Anine Kilian     30th May 2016 The International Air Transport Association (Iata) saw a 3.2% increase in air freight demand in April compared with the same period last year, according to demand growth results for global air freight markets, published on Monday. The increase in demand was broad-based across all regions, with... 

DTI hopeful of continental free trade area agreement conclusion in two years

By: Natasha Odendaal     27th May 2016 South Africa’s Department of Trade and Industry (DTI) is hopeful of concluding the continental free trade area agreement within two years to facilitate Africa-wide ease of trade among country peers. Speaking on the final day of the Southern African Metals and Engineering Indaba, held in Sandton,... 

SA’s relative economic decline undermines its diplomatic ambitions

By: Keith Campbell     27th May 2016 The news, released earlier this month, that Egypt had become Africa’s second largest economy, pushing South Africa into third place, did not create all that much of a stir. There were two good reason for this. The huge shock had been to lose first place to Nigeria, back in 2014, whose economy was... 

Space agency hampered by tight finances

By: Keith Campbell     27th May 2016 The South African National Space Agency (Sansa) is seeking to fulfil its mission despite challenges. “All government entities are under pressure, given the state of the economy. We’re expected to do a lot more, with less,” points out Sansa Corporate Communications Manager Vaneshree Maharaj.. One... 

Strong tailwinds giving juniors, project developers room to run – research note

By: Henry Lazenby     26th May 2016 About halfway through the first quarter, analysts at Dundee Capital Markets noticed that exploration companies that had weeks earlier appeared to be dead in the water, as investors abandoned all but a handful of names, were steadily starting to leave the laggards behind as a combination of the... 

Anglo Pacific optimistic about higher 2016 royalty income

By: Creamer Media Reporter      25th May 2016 LSE- and TSX-listed Anglo Pacific expects its royalty income for the full 2016 financial year to be significantly higher than the £8.7-million earned in 2015. The company noted in a trading update on Wednesday that royalty income for the first quarter of the year, ended March 31, was... 

Peru declares mining-related emergency in remote part of Amazon

By: Reuters     24th May 2016 Peruvian President Ollanta Humala has declared a 60-day emergency in a remote part of the Amazon to curb high levels of mercury poisoning from rampant illegal gold mining, the country's environment minister said on Monday. A growing number of studies show that residents of the Madre de Dios... 

S&P's downgrade will tip South Africa into job-shedding recession, bank economist warns 

By: Terence Creamer     23rd May 2016 A downgrade of South Africa’s credit rating to junk was currently only partially priced in, a leading bank economist warned on Monday, arguing that a negative assessment by Standard & Poor’s (S&P’s) on June 3 would most probably trigger a recession and precipitate the shedding on around 200 000... 

Global steel production down 0.5% y/y in April

By: Samantha Herbst     23rd May 2016 Despite clawing its way back in recent months from a brief slump in January and February, global crude steel production fell 0.5% year-on-year to 135-million tonnes in April, according to the World Steel Association’s (worldsteel’s) crude steel production report for April. South America was... 

Regulator asks China Molybdenum how it will finance Brazil buy

By: Reuters     23rd May 2016 China Molybdenum (CMOC) said Chinese regulators have asked it to disclose how it will finance its $1.5-billion acquisition of Anglo American Plc's niobium and phosphates business in Brazil. The request comes after CMOC, one of China's largest producers of molybdenum, agreed to buy... 

To regain FDI ranking, South Africa must ‘rebuild trust’ with investors 

By: Terence Creamer     20th May 2016 South Africa’s absence – for the second year running – from the top 25 countries listed in AT Kearney’s annual foreign direct investment (FDI) confidence index is suggestive of heightened investor concern about perceived political, policy and regulatory instability. Africa region head Wim... 

Cristalândia wind farm project, Brazil

By: Sheila Barradas     20th May 2016 The project involves the construction of a new wind farm facility, with total installed capacity of 90 MW. 

Five-year funding plan to overcome challenges

     20th May 2016 Independent global charitable foundation, the Wellcome Trust has committed £21-million to the Developing Excellence in Leadership, Training and Science (Deltas) Africa initiative, which aims to improve health in Africa through research driven by the most urgent regional challenges. 

Pneumatics firm says new SA office will serve as African springboard

By: Dylan Slater     20th May 2016 Pneumatics technology company SMC Pneumatics launched its South African head office in Midrand on April 21, thereby extending its ability to service global markets. The company states that its new South African office will serve to expand the company’s future prospects of expansion into Africa. 

South Atlantic Cable System, Angola and Brazil

By: Sheila Barradas     20th May 2016 The project involves the construction of the world’s first submarine cable system across the South Atlantic. 

The impact of local content rules in renewables sector questioned

     20th May 2016 By Dr Chris Ettmayr and Professor Hendrik Lloyd Economies around the world are demanding more energy, but the nature of the demand is changing, with preference given to energy sources that have a reduced environmental impact. A dichotomy arises for governments that need to increase generation... 

EU eases black-spot rules on South African citrus destined for juicing

By: Terence Creamer     19th May 2016 The European Union (EU) has announced plans to partially relax citrus black spot (CBS) regulations on fruit exported from South Africa from June 1. The European Commission decided earlier this month that South African citrus exports destined exclusively for industrial processing into juice would... 

Stanmore Coal reopens Isaac Plains mine

By: Samantha Herbst     18th May 2016 Defying the current downturn in the global coal sector, ASX-listed junior coal miner Stanmore Coal became Australia’s newest coking coal producer on Wednesday, after Queensland Premier Annastacia Palaszczuk officiated the reopening of the Isaac Plains mine, in the Bowen basin. Stanmore restarted... 

Crusader starts financing talks to build Brazil gold mine

     18th May 2016 Perth-based gold developer Crusader Resources has started preliminary discussions with potential financing partners for a new gold mine in Brazil, where an initial resource of 178 800 oz of gold has been defined. Crusader executive director Paul Stephens, who was attending the final day of the... 

Commodity price slump creates opportunities for resource cooperation

By: Esmarie Swanepoel     17th May 2016 Weaker global commodity prices were creating opportunities for resource-rich nations to find shared solutions, Western Australia’s Mines and Energy Minister Sean L’Estrange said on Tuesday. Speaking at the first day of the Latin America Downunder conference, L’Estrange noted that an agreement... 

New Brazil Minister says will not commit to restart Samarco mine

By: Reuters     17th May 2016 Brazil's Environment Minister, José Sarney Filho said on Monday he will not allow Samarco Mineração to reopen its iron-ore mine without assurances that the causes and damages of a deadly tailings dam collapse were fixed. Sarney Filho, appointed last week, made the comments during an official... 

Eldorado announces $600m exit from China by selling remaining assets

By: Henry Lazenby     16th May 2016 Having sold its 82% interest in the Jinfeng mine to China National Gold Group for $300-million in cash late last month, Eldorado Gold on Monday announced the sale of its remaining two mines and one development project for $600-million, signalling the Canadian miner’s exit from China.... 

Crusader evaluates new mine plan in Brazil

By: Esmarie Swanepoel     16th May 2016 ASX-listed Crusader Resources said on Monday that it was evaluating a change of pace at its Borborema gold project, in Brazil, which would simplify the project. Crusader in 2013 suspended feasibility studies into a 4.2-million-tonne-a-year project at Borborema, when falling gold prices rendered... 

TSX slips as non-gold resource stocks weigh

By: Reuters     13th May 2016 Canada's main stock index slipped on Friday, weighed down by financials, industrials and resource stocks as they pulled back in line with softer prices for oil and other commodities. "Today's price action is somewhat suggestive that some of these commodity sectors are perhaps extended from the... 

Consulting firm calls for privatisation of power utility

By: Sascha Solomons     13th May 2016 State-owned power utility Eskom needs to be operated more like a private-sector business by people who have knowledge of the energy sector, experience in bureaucratic processes, business acumen and political influence, says global growth consulting firm Frost and Sullivan. “Bringing politics... 

Anglo dangles goody-two-shoes Grosvenor to lure coal buyers

By: Martin Creamer     12th May 2016 At most other times in the mining cycle, news of the sale of a goody-two-shoes metallurgical coal asset like Australia’s Grosvenor would have had buyers queuing up to buy. But disposal of even alluring resources in today’s uncertain and low-price environment needs to be accompanied by an enticing... 

Brazil mining dam reforms unsettle companies, do little for safety

By: Reuters     11th May 2016 Brazilian regulators plan to tighten rules on dams used in the mining industry after a breach last year caused the nation's worst environmental disaster but the changes, while opposed by struggling companies, look unlikely to improve safety. Environmental authorities say they will demand an... 

Global energy consumption forecast to rise 48% by 2040 – EIA

By: Henry Lazenby     11th May 2016 The world’s hunger for energy is insatiable and is expected to rise by about 48% between 2012 and 2040 – an increase of about 1.4% a year, as global economies grow and populations expand. The US-based Centre for Strategic and International Studies on Wednesday published its updated projections of... 

DoE tests market appetite for three new public-private solar parks

By: Terence Creamer     11th May 2016 The Department of Energy (DoE) indicated on Wednesday that it would canvass the appetite of independent power producers (IPPs) to develop, finance, construct and operate three new Northern Cape solar parks, of between 400 MW and 700 MW in size, in partnership with State-owned companies (SoCs). In... 

Anglo American appoints new Brazil CEO

     10th May 2016 Anglo American has appointed Ruben Fernandes CEO of its Brazil operations. He succeeds Paulo Castellari, who resigned late last year to pursue other opportunities. 

Silver Wheaton shares struggle as Q1 earnings-miss hurts

By: Henry Lazenby     9th May 2016 The TSX- and NYSE-listed stock of the world’s biggest precious metals streaming firm Silver Wheaton was under pressure Monday after the company reported weaker-than-expected earnings for the first quarter ended March 31. Net income for the period totalled $41-million, or $0.10 a share, down from... 

MB Crusher establish itself in São Paulo, Brasil

     9th May 2016 It has been 15 years since the invention of the Crusher Bucket with jaw movements, the Italian company MB CRUSHER now introduce the new Brazilian subsidiary.  

South Africa’s commitment to beneficial ownership welcomed

By: Anine Kilian     6th May 2016 South Africa launched its third National Action Plan (NAP) on Friday, which includes a high-level commitment to creating a public register of beneficial ownership information. The NAP was part of the Open Government Partnership (OGP) discussions, which were held in Cape Town, this week. 

Federal court ratifies agreement between Samarco and Brazil authorities

By: Esmarie Swanepoel     6th May 2016 The Brazilian Federal Court of Appeal this week ratified an agreement between the joint venture (JV) partners of the Samarco iron-ore operations and a number of Brazilian parties. In March, mining major BHP Billiton and its JV partner Vale entered into an agreement with the Federal Attorney... 

Another Mozambique coal railway project develops, while country is hit by debt scandal 

By: Keith Campbell     6th May 2016 The international tender for the construction of a new railway to link Mozambique’s coal fields to the coast closed at the end of last week. The project is being developed by Thai Moçambique Logística, a joint venture between Thailand-based Italian Thai Development Company, which has a 60% share,... 

Brics bank gives $811m in first round green energy loans

By: Bloomberg     6th May 2016 The New Development Bank, a multilateral lender formerly known as the Brics Development Bank, will provide $811-million in a first round of loans for clean energy projects in four nations. 

Dunnottar train manufacture complex project, South Africa

By: Sheila Barradas     6th May 2016 Civil works on the project have been completed. 

EN PIPS 06/05/2016

By: Sheila Barradas     6th May 2016 Name and Location Bokamoso Solar Park project, North West, South Africa. Client SunEdison Energy Southern Africa. 

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