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Votorantim zinc smelter workers in Peru call off planned strike

By: Reuters     28th April 2017 Workers at a zinc smelter in Peru operated by a unit of Brazil's Votorantim Participacoes called off a strike planned for next week after the company agreed to settle most of their demands, a union leader said on Friday. The 350-member union earlier this week had announced the planned work... 

Analysts paint sparkling picture of coloured gemstone market

By: Ilan Solomons     28th April 2017 The shift from small-scale artisanal mining to larger mechanised mining, owing to the increasing involvement of larger mining companies and greater formalisation of the sector, is expected to increase the distribution channel of the coloured gemstone industry, which will continue to consolidate... 

CNH Industrial launches local youth training programme

By: Mia Breytenbach     28th April 2017 Capital goods company CNH Industrial launched the new TechPro2 2017 programme in Ennerdale, Johannesburg, last month. TechPro2 is a technical training programme for young people, with the aim of preparing highly qualified personnel to be placed in the automotive industry. The joint initiative is... 

Independent agencies can have teeth and autonomy

By: Keith Campbell     28th April 2017 Some South Africans, with some knowledge of events in Brazil, have expressed a degree of envy at the successful impeachment, last year, of the President Dilma Rousseff. This was, in fact, the second time since the restoration of democracy in Brazil in 1985 that popular pressure has brought down a... 

Vale stocks trade lower as slower sales offset improved iron pricing

By: Henry Lazenby     27th April 2017 The world’s most prolific producer of iron-ore, Vale, on Thursday reported first-quarter earnings that disappointed investors, sending its NYSE-listed stock falling as much as 5.4% in early trading. The Rio de Janeiro, Brazil-based diversified miner reported net income totalling $2.49-billion... 

Orinoco takes full ownership of Cascavel

By: Esmarie Swanepoel     27th April 2017 Gold developer Orinoco Gold has inked a binding agreement with its minority partners in the Cascavel gold mine, in Brazil, to acquire the outstanding 30% interest in the project. The transaction would result in Orinoco consolidating the ownership of the mine, simplifying and streamlining the... 

Mining giants race to fill board leadership gaps

By: Reuters     26th April 2017 Three of the world's biggest miners are hunting for new leaders for their boards at a time when the industry faces questions from investors about its conventional diversified business operations and strategies for growth. BHP Billiton, Rio Tinto and Anglo American, whose chairpersons have all... 

End to Eskom ‘stalemate’ will unleash wind market in 2017 – GWEC 

By: Terence Creamer     25th April 2017 The Global Wind Energy Council (GWEC) expects a recovery in the deployment of wind projects in South Africa, following a hiatus in 2016 brought about by Eskom’s refusal to enter into power purchase agreements (PPAs) for renewable-energy projects procured in 2015. In its ‘Global Wind Report:... 

Anglo American achieves strong Q1 operational performance

By: Megan van Wyngaardt     24th April 2017 Diversified major Anglo American, led by CEO Mark Cutifani, posted a strong operational performance in the quarter ended March 31, with higher output achieved for most of its products, except copper and nickel. South African coal production increased 9% to five-million tonnes in the first quarter... 

Steel demand to grow in 2017/18 as recession risk decreases

By: Megan van Wyngaardt     21st April 2017 Global steel demand will increase by 1.3% to 1.53-billion tonnes this year, and by a further 0.9% to 1.55-billion tonnes in 2018, following growth of 1% in 2016, the World Steel Association (worldsteel) said in its latest short-range outlook (SRO), published on Friday. Worldsteel economics... 

Tin industry to begin reporting on supply chain standards – ITRI

By: Reuters     21st April 2017 Major tin producers have agreed to begin reporting on compliance with a new code of conduct starting from third-quarter 2017, an industry body said, seeking to boost supply chain credentials ahead of new European rules on responsible sourcing of ore. Ten producers have signed up to the code,... 

Despite adverse weather, Vale reports Q1 iron-ore record

By: Henry Lazenby     21st April 2017 The world’s largest iron-ore producer Vale has lifted production of the steel-making ingredient to a new record high in the first quarter ended March, touching 86.2-million tonnes despite inclement weather. The diversified miner boosted iron-ore output by 11.2% over the comparable quarter of... 

Brazilian company unveils over-the-horizon radar

By: Keith Campbell     21st April 2017 Brazilian technology company IACIT Soluções Tecnológicas S/A (IACIT), which develops and produces air traffic control and management and maritime traffic control and management systems, weather radars, telemetry systems, and integrated networks (among other products and systems) for civil, public... 

IMF raises global growth forecast, warns against protectionism

By: Reuters     19th April 2017 The International Monetary Fund raised its 2017 global growth forecast on Tuesday due to manufacturing and trade gains in Europe, Japan and China, but warned that protectionist policies threaten to choke a broad-based recovery. The IMF, whose spring meetings with the World Bank get underway in... 

Rare resources discovered in Queensland

By: Esmarie Swanepoel     18th April 2017 Queensland could likely play host to a number of rare minerals, as geologists have unearthed evidence suggesting the presence of platinum and gold as well as rare earth elements (REE). “This may be a whole new frontier for Queensland,” Natural Resources and Mines Minister Dr Anthony Lynham said... 

Orinoco restarts mine development in Brazil

By: Esmarie Swanepoel     18th April 2017 Gold developer Orinoco Gold has restarted mine development at its Cascavel operation, in Brazil. Operations at Cascavel were suspended in October after the mine failed to meet production expectations, but a subsequent independent technical review advised the restart of the mine, concluding that... 

Brazil again turning to private sector to undertake key infrastructure projects

By: Keith Campbell     14th April 2017 With the country slowly emerging from its worst recession in decades, with Federal Government spending now frozen, in real terms, by law, for the next 20 years, Brazil is again looking to the private sector to undertake or help undertake key infrastructure projects. Up to the mid-1990s nearly all... 

South Africa’s hydrogen fuel cell programme making steady progress

By: Keith Campbell     14th April 2017 The Department of Science and technology (DST) is pleased with the progress being made by the Hydrogen South Africa (HySA) research, development and innovation (RDI) programme. This is a natural resources beneficiation project, aimed at increasing the market for the country’s platinum reserves by... 

South Africa’s hydrogen fuel cell programme making steady progress

By: Keith Campbell     13th April 2017 The Department of Science and Technology (DST) is pleased with the progress being made by the Hydrogen South Africa (HySA) research, development and innovation (RDI) programme. This is a natural resources beneficiation project aimed at increasing the market for the country’s platinum reserves by... 

Belo Sun stock sinks on another Brazilian interim suspension order

By: Henry Lazenby     12th April 2017 The TSX-listed stock of Brazil-focused project developer Belo Sun Mining lost more than 18% on Wednesday morning, following an announcement that the Brazilian Federal Regional Court has issued an interim suspension order halting construction of the flagship Volta Grande project pending completion... 

LatAm water scarcity, pollution to drive more stringent enviro rules

By: Henry Lazenby     12th April 2017 New analysis by the research arm of the Fitch Group, BMI, forecasts water scarcity and contamination in Latin America will drive increasingly stringent environmental regulations in the region over the coming years. While increasing the costs for miners and delaying certain projects, the focus on... 

Beadell adds more ounces at Tucano

By: Esmarie Swanepoel     11th April 2017 Gold miner Beadell Resources has reported an 11% increase in the mineral resource, and a 7% increase in the ore reserves, at its Tucano project, in Brazil. The Tucano mineral resource has increased to 3.92-million ounces, grading 1.82 g/t gold, while the ore reserve increased to 1.58-million... 

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%... 

Africa’s first Radisson RED hotel to open in V&A Waterfront Silo District

By: Creamer Media Reporter      10th April 2017 Africa’s first Radisson RED hotel is set to open in the third quarter of 2017 at the V&A Waterfront’s newly revamped Silo District, in Cape Town. The hotel chain, which successfully launched RED hotels in Brussels, Belgium, and Minneapolis, in the US, and with RED hotels in Campinas, Brazil, and... 

'Junk'-rated debt could cost South Africa more than $10bn in lost funds

By: Reuters     6th April 2017 If South Africa loses two of its prized investment grade credit ratings for foreign and local currency borrowing in the turmoil triggered by the sacking of the finance minister, the country could lose more than $10-billion in investment funds. S&P Global has already struck. In an unscheduled... 

Beadell consolidates landholding at Tucano

By: Esmarie Swanepoel     6th April 2017 Gold miner Beadell Resources has entered into an agreement to consolidate the land package of its Tucano project, in Brazil. The company inked an agreement to acquire the issued capital of Mineracao Vale dos Reis (MVR), which currently holds a 30% interest in joint venture (JV) tenements... 

Transnet calls for private sector support in funding South Africa’s logistics infrastructure

By: Shirley le Guern     4th April 2017 Transnet cannot foot the entire R400-billion bill for logistics infrastructure alone. At least 25% should come from the private sector, which has sufficient funds “sitting and being lazy” on its balance sheets,Transnet CE Siyabonga Gama told delegates at the eThekwini Maritime Cluster’s annual... 

Freely dropping the antiprotectionist pledge

By: Riaan de Lange     31st March 2017 A favourite adage of mine is: with free advice, you get what you pay for. I heard it early in my working career, when Ken Warren, an elderly but world- and street-wise legal director of the South African Chamber of Business (Sacob), who also headed its Parliamentary team in Cape Town, mentioned... 

Need for industry growth must be recognised

By: Robyn Wilkinson     31st March 2017 More favourable economic conditions for sugar cane production and processing need to be fostered in South Africa to protect and grow a sector that contributes an average R12-billion to the economy and provides about 350 000 jobs in the country, say industry associations the South African Cane... 

Aguia's Brazil project granted special status

By: Esmarie Swanepoel     30th March 2017 The Tres Estradas phosphate project, in Brazil, has been named a priority project by the Rio Grande do Sul state government. ASX-listed Aguia Resources on Thursday said that by being named a priority project, the company’s management had direct contact with the senior levels of government,... 

Brazil is re-emphasising privatisations

By: Keith Campbell     28th March 2017 With the country slowly emerging from its worst recession in decades, with federal government spending now frozen, in real terms, by law, for the next 20 years, Brazil is again looking to the private sector to undertake or help undertake key infrastructure projects. Up to the mid-1990s nearly all... 

New concrete pump exhibited at expo in Las Vegas

     24th March 2017 Construction equipment supplier Putzmeister - as a member of heavy machinery manufacturer SANY Group - exhibited a new truck-mounted concrete pump with a 47-m, five-section boom at this year’s Construction Expo (Conexpo), held from March 7 to 11, in Las Vegas, Nevada. 

Global crude steel output rose 4.1% y/y in February 

By: Natasha Odendaal     23rd March 2017 Global crude steel production by the 67 countries reporting to industry body World Steel Association (worldsteel) increased 4.1% year-on-year to 126.6-million tonnes in February. China produced 4.6% more crude steel year-on-year, at 61.2-million tonnes, while Japan produced 8.3-million tonnes, a... 

DAFF to assist agricultural sector increase production  

By: Anine Kilian     17th March 2017 The Department of Agriculture, Forestry and Fisheries (DAFF) plans to boost agricultural production, which was severely affected by the drought in recent years. Addressing delegates at the Agricultural Research Symposium 2017 in Centurion, Gauteng, on Friday, Agriculture, Forestry and Fisheries... 

Anglo's future thrown in question as billionaire grabs stake

By: Bloomberg     16th March 2017 In its 100-year history, Anglo American Plc has endured commodities booms and busts, South African apartheid and bitter boardroom disputes. Now the British mining giant is threatened by the ambitions of Anil Agarwal, an Indian scrap-metal trader turned billionaire mining tycoon. In a surprise... 

Silver Wheaton remains a unique offering in uncertain times 

By: Henry Lazenby     13th March 2017 As the tide turns in the resource investment space, a renewed focus on project development sees many juniors looking for cash to fund their project development goals. The world’s largest precious metals streaming firm Silver Wheaton believes it has the answer for the right junior firms: its early... 

Top iron miners' cash juggernaut set to survive price crash

By: Bloomberg     13th March 2017 The world’s biggest iron ore miners will be able to withstand the expected plunge in prices because their race to cut production costs has dramatically lowered the industry’s margin pressure point, allowing them to keep fueling a cash juggernaut that’s revived the mining sector. More than 90% of... 

Samarco mine restart threatened by request to protect forest

By: Bloomberg     13th March 2017 The Samarco iron-ore mine in Brazil is facing one more obstacle to restarting operations later this year after a court accepted a request by prosecutors to protect a forested area that encompasses a pit the venture had planned to use for storing waste. The BHP Billiton-Vale joint venture had... 

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