R/€ = 15.81 Change: 0.00
R/$ = 13.66 Change: 0.00
Au 1268.50 $/oz Change: -4.65
Pt 870.50 $/oz Change: 9.18


Velocity appoints consultancy to undertake Rozino PEA

By: Marleny Arnoldi     6th June 2018 TSX-listed gold miner Velocity Minerals has appointed consultancy CSA Global Canada Geoscience to complete a preliminary economic assessment (PEA) and a National Instrument (NI) 43-101-compliant mineral resource estimate for the Rozino gold project, in south-east Bulgaria.  

Hyprop lifts H1 distributions by 8.3% y/y

By: Simone Liedtke     2nd March 2018 JSE-listed specialist shopping centre real estate investment trust (Reit) Hyprop on Friday reported solid growth in distributions of 8.3% for the six months to December 31, which was driven by a stable performance from South African shopping centres and a strengthening South-Eastern European... 

Atlas Copco to divest concrete and compaction business to Husqvarna Group

16th January 2018 Atlas Copco has taken a decision to divest its concrete and compaction business to Husqvarna Group’s Construction division. The planned divestment will enable Atlas Copco’s Power Technique business area to intensify focus on its core technologies of air, power and flow. Atlas Copco Power... 

Pan-European bank celebrates 45 years in SA

By: Robyn Wilkinson     13th October 2017 Pan-European banking and financial services provider UniCredit will celebrate 45 years of successful service in South Africa this year, having provided support for European companies entering African markets from its Johannesburg-based representative office since 1972. 

National Disposal Facility for low- and intermediate-level radioactive waste, Bulgaria

By: Sheila Barradas     29th September 2017 State Enterprise Radioactive Waste plans to build one of the most modern disposal facilities for low- and intermediate-level radioactive waste in Europe. 

South Africa sees slight improvement in economic freedom

By: Anine Kilian     28th September 2017 South Africa jumped ten spots on the Free Market Foundation’s (FMF’s) economic freedom index, ranking this year at 95 out of 159 countries from its 2016 ranking of 105, when its overall rating out of ten – where zero is unfree and ten is free – was 6.64. “This year, at 95, our rating is 6.63... 

BMI names Europe’s mining ‘outperformers’ and ‘laggards’

By: Mariaan Webb     28th September 2017 A favourable regulatory environment has placed Kazakhstan, Poland and Sweden at the top of the mining risk/reward index (RRI) of BMI Research, while a lack of dynamism has left Romania and Bulgaria at the bottom. In a research note highlighting the risks and rewards of the region, the Fitch... 

BRUA natural gas transmission corridor project – Romania

By: Sheila Barradas     15th September 2017 The project will ensure the interconnection of the gas transmission systems in Bulgaria and Hungary, with the gas transmission system in Romania. 

Hyprop’s South-Eastern Europe fund eyes possible dual listing

By: Natasha Odendaal     1st September 2017 JSE-listed Hyprop on Friday said progress was being made in the potential dual-listing of its 60%-owned UK-based Hystead subsidiary, which holds all of Hyprop’s South-Eastern Europe assets, by the first half of 2018. Hystead is eyeing additional listings on the Johannesburg and Luxembourg bourses... 

Tethyan appoints COO to its board

25th August 2017 Junior explorer Tethyan Resources has appointed its COO, Fabian Baker, to its board of directors. Baker, who became COO in May last year, is responsible for Tethyan’s exploration in Serbia and neighbouring countries. 

Dundee lifts FY guidance as Bulgaria gold mine shines

By: Mariaan Webb     28th July 2017 Copper and gold miner Dundee Precious Metals has increased its 2017 production and sales guidance on the back of two strong quarters at the Chelopech mine, in Bulgaria. The mine, which produces a copper concentrate containing gold and silver and a pyrite concentrate containing gold, increased its... 

China's new Silk Road encroaches on US turf in Eastern Europe

By: Bloomberg     12th July 2017 In the 19th century mansion in central Belgrade where bureaucrats plan some of Serbia’s important overseas projects, 64-year-old Ivan Mrkic is busy unpacking boxes teeming with the books, research papers and maps he needs to become an instant expert on China. Mrkic, a one-time Foreign Minister,... 

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... 

Mundoro Capital focusing on copper, gold exploration in south-eastern Europe

By: Ilan Solomons     15th June 2017 Mineral exploration and investment company Mundoro Capital is focused on providing value for its shareholders through the exploration work it is undertaking on its copper and gold projects in Serbia and Bulgaria. Mundoro CEO Teo Dechev highlights that the company’s projects are located on the... 

Tethyan signs agreement to get drilling rigs to Suva Ruda project

By: Creamer Media Reporter      13th June 2017 Aim-quoted exploration company Tethyan Resources has signed an access agreement with the municipality of Raska for the use of public roads to move its drilling rigs and equipment to the Suva Ruda project, in southern Serbia. The agreement allows Tethyan and its contractors with access permission... 

Serbia-focused Tethyan plans TSX-V listing

By: Mariaan Webb     2nd June 2017 European gold and base metals explorer Tethyan Resources plans to list its shares on the TSX-V to allow the company access to North American capital markets and to increase share trading liquidity. Nonexecutive chairperson Christopher Gross said on Friday that the risk appetite of investors for... 

MSC launches new feeder service in ICTSI Georgia unit

29th November 2016 M/V Max Carrier made its first call to Batumi International Container Terminal (BICT) in Batumi, Georgia, marking the launch of the Mediterranean Shipping Company’s (MSC) Gioia – Ukraine & Georgia feeder service.  The new service features fast connections between the Port of Batumi and the ports... 

Trade relations from afar

By: Riaan de Lange     4th November 2016 It took Julie Gold, in her own words, “on the one hand, two hours to write and, on the other hand, 30 years to write”, in 1986, the most famous of songs. The song was first recorded by Nanci Griffith for her 1987 album, Lone Star State of Mind, but it only became a commercial success after Bette... 

ISL Photonics and Lantek collaborate to deliver high efficiency laser cutting solutions in Europe

5th October 2016 Lantek, leader in sheet metal CAD/CAM solutions has reached an agreement with Bulgarian fibre laser cutting machine manufacturer ISL Photonics to supply its Lantek Expert system with the company’s Gladius, Maximus and Optimus machines. ISL Photonics has been supplying its machines to sheet metal... 

Dundee signs $50m forward gold sale

By: Henry Lazenby     29th September 2016 Canadian firm Dundee Precious Metals has amended the $80-million Tranche C component of its revolving credit facility (RCF) to align with the improved construction and commissioning schedule of the Krumovgrad gold project, in Bulgaria, after it received the final construction permit early last... 

Lahmeyer International at WindEnergy Hamburg 2016 in Hall B4 at Stand EG.301

26th September 2016 From September 27 to 30, 2016, on- and offshore specialists will come together in Hamburg at the WindEnergy Trade Fair. Lahmeyer International, together with its parent company Tractebel, will present its range of services in the field of wind energy. The engineers support wind energy projects... 

Certification enables company to work on rail projects

By: Victor Moolman     9th September 2016 Metal fabricator Fabrinox received the EN 15085 certification last month. This enables the company to work on rail infrastructure projects in South Africa, the rest of Africa and European Union (EU) countries. 

GTC first Polish company to list on JSE

By: Anine Kilian     17th August 2016 Real estate group Global Trade Center (GTC) will list on the main board of the JSE on Thursday under the share code GTC. GTC, which develops and owns office and retail properties in Poland and capital cities throughout the central and eastern Europe (CEE) region, as well as the south-east Europe... 

Ingeteam is awarded a pioneering contract to monitor the status of wind turbines worldwide.

27th June 2016 Thanks to its Ingesys CMS tool, the company will monitor, supervise and diagnose the status of over 550 MW. The solution includes the installation and commissioning of over 280 predictive maintenance devices in different wind technologies. Ingeteam has been awarded a pioneering contract in the... 

International exposure key for South African fabricators

By: Robyn Wilkinson     10th June 2016 There is a tendency among local and international original-equipment manufacturers (OEMs) to underestimate the capabilities of South African sheet metal fabricators. This makes industry collaboration crucial to increase the exposure of local fabricators and prevent the loss of orders to... 

SA invited to join Russian-led physics project to study post-Big Bang matter

By: Keith Campbell     10th June 2016 Russia has invited South Africa to join Project Nica, which is a major scientific programme to build a superconducting particle collider. The name Nica is derived from the full title of the project: Nuclotron-based Ion Collider fAcility. Construction started in 2013 and the commissioning of the... 

Dundee on track to start Krumovgrad construction in Q3

By: Henry Lazenby     6th June 2016 Toronto-based Dundee Precious Metals (DPM) expects to start construction of its 85 700 oz/y Krumovgrad gold project, located in southern Bulgaria, as early as the third quarter, the company said on Monday. In its latest project update, the TSX-listed miner reported a $14.2-million increase in... 

Environment Canada certifies Dundee’s cyanide-free gold extraction process

By: Henry Lazenby     3rd June 2016 Dundee Sustainable Technologies (DST), a division of Dundee Corporation, announced on Friday that it had received an independent certification of the performance of its cyanide-free gold extraction process from Environment Canada, through the Canadian Environmental Technology Verification... 

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... 

Dundee Precious Metals to sell Kapan

By: Natasha Odendaal     2nd March 2016 TSX-listed international gold mining company Dundee Precious Metals (DPM) has entered into a definitive agreement to sell its Armenia-based Kapan mine to Polymetal International for $25-million and a 2% royalty deal. In an update to shareholders, the Canada-based group said the proceeds from the... 

Phase 1 of biometric project to be launched by end of March

22nd January 2016 Following the launch of the pilot test of Transit Visa Biometrics System (TVBS) at the OR Tambo International Airport late last year,  Home Affairs Minister Malusi Gigaba says that the baseline implementation of the Phase 1 biometric solution will be completed by March 31 this year.  

Local BPO sector to continue growing – Davies

By: Megan van Wyngaardt     23rd November 2015 Trade and Industry Minister Dr Rob Davies expects the growth potential of the local business process outsourcing (BPO) industry to continue increasing over the next five years, particularly in contact centre, shared services centre and legal process outsourcing. He added that the BPO sector was... 

Marc Kleiner

13th November 2015 This week we feature Marc Camillo Kleiner, MD of Condra, which designs and manufactures cranes, hoists and specialised lifting and materials-handling equipment 

Water Purification Involves Multiple Cranes

28th September 2015 Condra has delivered the first two of eight double-girder overhead travelling cranes ordered by Veolia Water for the Lower Thukela Bulk Water Supply Scheme. The eight machines are maintenance cranes for the project’s high-lift and low-lift pump stations, and for the water treatment works’... 

AIIM continues to serve Africa’s growing energy demands through investment in hydro power

1st September 2015 African Infrastructure Investment Managers, a leading African infrastructure equity investment manager, has announced its industrial partnership with Hydroneo Afrique, a wholly-owned subsidiary of MECAMIDI, an established global manufacturer and developer of small and medium hydro power plant... 

S Africa shortlisted for European business process outsourcing award

By: Megan van Wyngaardt     5th August 2015 South Africa has been shortlisted by The European Outsourcing Association (EOA) for the 2015 Offshoring Destination of the Year award, competing against Bulgaria and Latvia. Now in its sixth year, the EOA Awards recognised and celebrated the efforts of companies that demonstrated best practice in... 

SAITEX 2015 Celebrates Another First as Number of Visiting Countries Hits New High

31st July 2015 The Southern African International Trade Exhibition, Africa’s biggest business opportunities show, has this year surpassed all previous attendance records in terms of the number and reach of countries that participated. Held from 21 to 23 June at Gallagher Convention Centre, Midrand, SAITEX... 

Differentiate your products to create sales, protect margins

10th July 2015 Creating sales and protecting margins: why it’s critical to be demonstrably different “Differentiate or die.” 

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