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New Vale pact seeks dispersed share ownership in six years – sources

By: Reuters     19th January 2017 Leading shareholders of Vale close to endorsing a plan to turn the world's No 1 iron-ore producer into a company with dispersed share ownership within six years, two people familiar with the talks said. Bradespar SA, Mitsui & Co and several Brazilian pension funds are negotiating a new... 

Industrial Explosives Market Is Expected to Reach $196,299 Million, Globally by 2022

     19th January 2017 Industrial Explosives Market by type (High Explosives, ANFO, Emulsions and Others), end-use industry (Metal Mining, Non-Metal Mining, Quarrying, Construction and Others) is projected to reach $15,888 million by 2022, growing at a CAGR of 6.7% from 2016 to 2022, according to a new report by... 

South Africa growth ticking up, Mexico slowing – S&P

By: Reuters     19th January 2017 South Africa should avoid falling into recession this year, the chief economist of Standard & Poor's said on Wednesday, but the firm has cut its forecasts for Mexico amid rising concerns over its trade ties with the United States under Donald Trump. Paul Sheard, who is not involved in deciding... 

BHP and Vale set June deadline to settle Samarco claims

By: Esmarie Swanepoel     19th January 2017 Mining major BHP Billiton and its joint venture (JV) partner Vale have set a June 30 deadline to conclude negotiations with Brazilian prosecutors over the 2015 Samarco tailing dams failure, which killed 19 people. The parties have reached a preliminary agreement with Brazil, which outlines the... 

South32 says FY targets within reach despite challenging Dec quarter

By: Esmarie Swanepoel     19th January 2017 Despite a challenging December quarter, diversified mining company South32 remains on track to achieve its production guidance for the majority of its operations. The miner, which is the world’s biggest manganese ore producer, on Thursday reported higher manganese production, but said that its... 

Pound climbs as Theresa May outlines how Brexit will happen

By: News24Wire      17th January 2017 Theresa May, British Prime Minister, said on Tuesday that the country cannot “possibly” remain within the European Union’s single market, as that would mean the UK is not leaving the EU at all. May’s long-anticipated speech, in which she outlined the UK’s approach and objectives when finally... 

Iron-ore opens 2017 with a bang after flaying skeptics last year

By: Reuters     16th January 2017 Iron-ore has carried last year’s bullish momentum into the start of 2017, with prices rallying to a two-year high amid speculation that China’s demand for overseas ore will hold up even as the world’s largest miners bring on new capacity. Ore with 62% content in Qingdao in China climbed 3.9% to... 

Zest Energy Provides Mobile Power For Kamoa-Kakula Mine Development In The DRC

     16th January 2017 The development of the world’s largest high-grade copper deposit – the Kamoa-Kakula Copper Project in the Democratic Republic of Congo– now is running on power from the DRC’s national grid using a mobile substation recently commissioned by South Africa’s Gauteng-based Zest Energy. The 120/11 kV... 

Global unemployment to rise by 3.4m in 2017 as economies struggle

By: Megan van Wyngaardt     13th January 2017 Global unemployment is expected to rise by 3.4-million this year, spurred by deteriorating labour market conditions in emerging countries, the International Labour Organisation (ILO) has said. In its latest ‘World Employment and Social Outlook – Trends 2017’ report, the organisation outlined that... 

Thirty-two tons a second shows China’s record iron appetite

By: Bloomberg     13th January 2017 Iron-ore imports by China surged to a record above one-billion metric tons last year as unexpectedly strong steel production and lower local mine output combined to fire up demand in the world’s top buyer for cargoes from Australia and Brazil, supporting a rebound in prices. Asia’s top economy... 

Dragflow Announces Four New Contracts For Custom Dredgers

     12th January 2017 The last quarter of the 2016 has been a busy time for DRAGFLOW technical and manufacturing teams as we received four important orders for custom-made dredgers. In the first place. A contract for five (5) dredgers, model DRH300E23 has won  for sand and gravel extraction in Middle East. The... 

Would-be kingmaker calls out Australian iron giants in ore tax battle

By: Bloomberg     12th January 2017 The world’s biggest mining companies producing iron ore from Australia aren’t paying their fair share in taxes, according to a lawmaker who wants a 20-fold raise in a state levy that’s been unchanged since the 1960s and the era of imperial pounds, shillings and pence. The proposal has... 

Accident at port of Brazil miner Vale kills one, injures another

By: Reuters     12th January 2017 An accident on Tuesday at a port in northeastern Brazil run by miner Vale killed one worker and injured another, the company said in a note on Wednesday. Vale said the pair worked for an external company hired to erect scaffolding on pier 1 of the Ponta da Madeira terminal in the state of Maranhao. 

Slumping fertiliser makers turn to high-margin industrial uses

By: Reuters     11th January 2017 Makers of fertilisers that boost corn and palm growth are taking advantage of higher profit margins for uses in other industries, such as oil drilling and livestock feed, to ride out a severe slump. Potash and phosphate prices touched multi-year lows last year due to a capacity glut and soft... 

Brazil's Funcesp says Vale stake sale not under discussion

By: Reuters     11th January 2017 Fundação Cesp, Brazil's largest private-sector pension fund, said on Wednesday it is not currently holding discussions over the partial or full sale of a 200-million real ($62-million) stake it owns in Vale, the world's largest iron-ore producer. The fund issued a statement after newspaper Valor... 

Cosatu demands urgent govt intervention to save poultry industry, jobs 

By: African News Agency      11th January 2017 The Congress of South African Trade Unions (Cosatu) on Wednesday said it was deeply concerned by the pending jobs blood bath in the poultry industry, and also alarmed by government’s “deafening silence” on a matter of the utmost national concern. This comes after Rainbow Chickens Limited, the... 

Brazil’s S11D iron-ore mine a reality check for Australian politicians – CME

By: Esmarie Swanepoel     10th January 2017 The Western Australian Chamber of Minerals and Energy (CME) has warned that the commercial start of the $19.7-billion Eliezer Batista S11D iron-ore mine, in Brazil, is a reality check for Australian politicians looking to use the sector as a “bottomless cash cow”. CME CEO Reg Howard-Smith said... 

Department of Trade and Industry commits to helping local poultry industry

By: African News Agency      10th January 2017 The Department of Trade and Industry (the DTI) on Monday said the South African government had been working with the local poultry producers to address the challenges in the industry as a result of chickens imported from European Union (EU) countries. The DTI was responding to the plea made by... 

WEG announces acquisition of a controlling stake on TGM, a Brazilian manufacturer of turbines and transmissions

     9th January 2017 WEG S.A. announced the acquisition of a controlling stake on TGM Indústria e Comércio de Turbinas e Transmissões Ltda. (“TGM”), a Brazilian manufacturer of turbines and transmissions with headquarters in Sertãozinho, State of São Paulo, Brazil. Founded in 1991, TGM is a leading Brazilian provider... 

Eldorado defers Turkey, Brazil project development on lower price outlook

By: Henry Lazenby     7th January 2017 Canadian multinational miner Eldorado Gold has pulled the plug on two of its development projects in Turkey and Brazil, citing a lower long-term price outlook. The TSX- and NYSE-listed miner has assumed a more bearish outlook for the gold price to $1 150/oz, from $1 300/oz in September. 

Largo sustains vanadium production above nameplate capacity

By: Creamer Media Reporter      4th January 2017 TSX-listed Largo Resources has hit a new monthly vanadium pentoxide production (V2O5) record at its Maracás Menchen mine, in Bahia state, Brazil, producing 828 t of the industrial metal – surpassing the previous September record by 22 t. Largo also announced that it has achieved new weekly and... 

Yamana completes C$56.3m Brio spin-out transaction

By: Henry Lazenby     23rd December 2016 Mid-sized miner Yamana Gold has completed the spin-out of its 85%-owned subsidiary Brio Gold, forming a standalone public company focused on a portfolio of noncore Yamana assets in Latin America and Canada. While Yamana continues to be a significant shareholder of the company, Brio will be... 

Largo targeting higher-margin sectors with its pure vanadium product

By: Henry Lazenby     20th December 2016 Vanadium producer Largo Resources is targeting higher-margin markets for its pure vanadium product being produced at the Maracás Menchen mine, in Bahia, Brazil. The company announced Tuesday that it intends to produce, qualify and sell its vanadium products at the specifications required for use... 

As competition for streaming deals intensifies, Silver Wheaton willing to step back, look to consolidate

By: Henry Lazenby     17th December 2016 The pioneer and largest proponent of the precious metals streaming model is willing to step back from current frenzied activity by several new market entrants, each vying to get a foot in the door. “To quote one of the bankers: ‘they [new market entrants] have a very strong need to transact’,”... 

Eldorado, Goldcorp shuffle senior executives

By: Henry Lazenby     17th December 2016 Mid-tier miner Eldorado Gold on Friday announced the planned retirement of president and CEO Paul Wright in April 2017, nominating current Goldcorp executive VP and COO George Burns to succeed him. Vancouver-based Eldorado said Wright will remain on the Eldorado board as chairperson, replacing... 

Latin American miners expected to persist with cost-cutting and disinvestment strategies

By: Henry Lazenby     16th December 2016 The end of the commodities supercycle continues to have a dampening effect on several South American economies, especially those that previously relied on high hydrocarbons prices to achieve high rates of growth. As well as hitting government earnings and rates of economic expansion, the... 

Execution of PRASA project contributes to outstanding results

     16th December 2016 Railway sector services provider Alstom Group announced in its “outstanding” fiscal year 2016/17 results that trains reached €1.6-billon sales, with ongoing execution of the Passenger Rail Agency of South Africa (PRASA) project in South Africa among other deliveries of suburban, regional and... 

First new PRASA train sets to enter service

By: Irma Venter     16th December 2016 The first trains delivered in the R51-billion rolling stock acquisition programme for Metrorail operations are gearing up for service, says the Passenger Rail Agency of South Africa (PRASA). The agency says the testing and commissioning of the units “have progressed well in the past six months,... 

The impending trade facilitation agreement

By: Riaan de Lange     16th December 2016 Two years ago, December 12, 2014 to be exact, my last column for the year was simply titled, ‘Trade facilitation’, and now again, my final column for 2016 is devoted to trade facilitation - the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) that is. This time around, however,... 

Dunnottar train manufacturing complex project, South Africa

By: Sheila Barradas     15th December 2016 Visible progress is being made on the Dunnottar train manufacturing complex. 

UN, Coca-Cola upskill 25 000 women entrepreneurs 

By: Anine Kilian     14th December 2016 The United Nations Entity for Gender Equality and the Empowerment of Women (UN Women), together with The Coca-Cola Company, on Wednesday celebrated the upskilling of 25 000 female micro entrepreneurs in South Africa, achieved through the entities’ project to empower women entrepreneurs through a... 

Samarco restart ‘technically feasible’ in 2017 – BHP

By: Esmarie Swanepoel     14th December 2016 Mining major BHP Billiton has flagged a possible restart of the Samarco joint venture (JV), in Brazil, in 2017. The company on Wednesday said that the JV had submitted licensing applications to all the relevant authorities to restart operations at a reduced capacity, with the restart of... 

Global base metals, US coal and steel prices stabilising – Moody's

By: Henry Lazenby     14th December 2016 The 2017 outlooks for the global base metals, US steel and US coal industries remain stable for the next 12 to 18 months, according to Moody's Investors Service. In a report released Tuesday, the ratings agency said that weak macroeconomic indicators would limit upside movement in the base metals... 

Siae Microelettronica To Deploy New Digital Microwave Network Across The São Paulo Area For Cpfl Energia

     13th December 2016 SIAE MICROELETTRONICA is partnering with CMA group for this turnkey project CPFL Energia, the largest private group of electricity sector in Brazil, invested in the deployment of a state of the art microwave radio transmission network to interconnect its operational sites in the São Paulo region.... 

Orinoco working on plan to restart Cascavel

By: Esmarie Swanepoel     12th December 2016 An independent technical review of the Cascavel gold mine, in Brazil, has advised a restart of the mine, concluding that the mine and plant issues experienced during the start-up were common commissioning problems that could be readily fixed. Gold miner Orinoco Gold in October suspended... 

Vale gets 10yr operating licence for giant Brazilian iron-ore mine

By: Henry Lazenby     9th December 2016 Brazil-based iron-ore mining leader Vale has received a ten-year operating licence for its giant Carajás S11D project, the largest project in its history. Brazil’s federal environment agency Ibama said in a statement Friday that Vale had fulfilled 16 specific conditions to operate the... 

PRASA New Rolling Stock Acquisition Programme, South Africa

By: Sheila Barradas     9th December 2016 The first trains delivered in the R51-billion rolling stock acquisition programme for Metrorail operations are gearing up for service. 

Air cargo volumes encourage, outperforming weak global trade

By: Martin Zhuwakinyu     8th December 2016 Although the global airfreight business continues to face headwinds from weak global trade, the International Air Transport Association (Iata) says there are encouraging signs that growth in air cargo volumes, which came in at 8.2% year‐on‐year in October, will endure into the new year. This was... 

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