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Press Office - Afrox Gas

Afrox Gas

Afrox is the largest gases and welding products supplier in South Africa and one of the country’s most trusted brands, with products and services that form part of most manufacturing, industrial and construction processes. With its African operations, Afrox is the largest gases and welding company in sub-Saharan Africa.

 

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IHS materials index posts sixth gain in seven weeks

By: Henry Lazenby     18th August 2017 The materials price index (MPI) from Global Insight by IHS Markit has recovered about half the losses it suffered between February and June. The latest reading of the MPI, an index measuring the weighted average of weekly spot prices for a basket of globally traded manufacturing inputs comprising... 

Alkoxylation plant project, China

By: Sheila Barradas     18th August 2017 The new production unit will modernise and expand Sasol’s current alkoxylation capacity, research and development facility and technical support capability in Nanjing. 

Biofuels company launches franchise solution

     18th August 2017 Cape Town-based biofuel company Biogreen Diesel will start franchising its ‘Biodiesel & Research model’, to aid in the expansion of the industry and simultaneously increase awareness of biofuels in the region. The company, having made the announcement in June on its website, says it felt it had... 

Carbon capture tech will recycle ferroalloys sector’s emissions

     18th August 2017 South African green-technology company Swayana is collaborating with US-based carbon recycling company LanzaTech to introduce its proprietary carbon capture technology to South Africa. Swayana, a level 2 broad-based black economic-empowerment company established in 2016, uses carbon-footprint... 

Africa can benefit from global volatility

By: Kim Cloete     17th August 2017 Despite major global challenges, including global trade, Africa has the opportunity to step up to global change and benefit from the volatility that is shaking up the world, says Thomson Reuters Africa MD Sneha Shah. “Africa has the richest resource pool in the world, but we always lose, because... 

New Brics bank plans $1.5bn lending for South African projects 

By: Reuters     17th August 2017 The New Development Bank (NDB) set up by the Brics group of emerging economies plans to lend $1.5-billion to South Africa for infrastructure projects over the next eighteen months. The BRICS - Brazil, Russia, India, China and South Africa - agreed to create the infrastructure-focussed lender in... 

New Development Bank to benefit Africa – Zuma

By: African News Agency      17th August 2017 President Jacob Zuma said on Thursday that the New Development Bank (NDB) was set to benefit infrastructure projects on the African continent as a whole, and having a permanent regional centre showed commitment to that undertaking. “We are therefore happy to know that the bank is working on... 

Metair ready for market shift to electric vehicles, says Loock

By: Irma Venter     17th August 2017 Metair is ready for the anticipated revolution in the automotive industry, including the introduction of electric vehicles (EV), hybrid vehicles and autonomous drive vehicles. These vehicle still need lights, brakes and wiring harnesses, for example, said Metair MD Theo Loock on Thursday at the... 

In a context of State capture, the ‘developmental-State project is almost dead’ 

By: Terence Creamer     17th August 2017 In the context of State capture and corruption, former Deputy Finance Minister Mcebisi Jonas believes South Africa’s “developmental-State project is almost dead”, with resources being diverted away form dealing with the country’s serious unemployment crisis towards poorly governed State-owned... 

Booming thermal coal price on China demand cheers miners

By: Reuters     17th August 2017 Australian thermal coal prices for spot cargoes above $100/t, lifted by reports of strikes and strong Chinese demand, are providing a boost in earnings and share prices for miners like Glencore and Whitehaven Coal. A crackdown on illegal mining and pollution in China has curbed domestic... 

Congo reinstates miners' VAT exemption on imports in U-turn

By: Reuters     17th August 2017 Congo's finance ministry has provisionally reinstated mining companies' exemption from a value added tax (VAT) on imports, the Chamber of Mines said on Wednesday, days after miners complained customs authorities were planning to impose VAT on them. Democratic Republic of Congo, Africa's top... 

China's Chalco plans $500m investment in Guinea bauxite project

By: Reuters     16th August 2017 Aluminium Corp of China (Chalco) plans to invest $500 million in a project to produce bauxite, used to make aluminium, in Guinea starting next year, the mines ministry said. The deal comes after a trip by the Guinean mines minister, Abdoulaye Magassouba, to China and follows other major Chinese... 

Zinc breaks through $3 000 barrier as metals rally gathers pace

By: Bloomberg     16th August 2017 Zinc surged above $3 000 a metric ton amid persistent global deficits, and aluminium climbed as China reined in illegal capacity, adding fresh impetus to the rally even as some investors expressed concerns. Zinc jumped as much as 2.6% to $3 037/t on the London Metal Exchange, the highest level... 

Mining contractors progressing work at Xtract’s Mozambique gold project, alluvial mining to start soon

By: Mia Breytenbach     16th August 2017 The mining contractor activity at Aim-listed Xtract Resources’ Manica concession area, in Mozambique, is progressing “favourably”, with initial mining of the alluvial gold deposits expected to start at the end of this month, the company reported on Wednesday. Xtract’s Mozambique subsidiary... 

Bushveld Energy, IDC studies indicate favourable vanadium battery, electrolyte demand

By: Mia Breytenbach     16th August 2017 There is favourable demand for vanadium redox flow batteries (VRFBs), particularly in the utility and offgrid, as well as minigrid markets, with demand to peak in 2025 to 2030. This is according to recently concluded market studies, commissioned by Aim-listed Bushveld Minerals’ energy subsidiary... 

China to ban primary mercury mining by 2032 as convention comes into force

By: Reuters     16th August 2017 China will ban the production and trade of a range of products containing mercury by 2020, including thermometers and blood pressure monitors, and ban primary mercury mining by 2032, as a global pact to cut pollution from the metal comes into effect. China - the world's biggest miner and... 

Triton tips possible partner for Ancuabe

By: Esmarie Swanepoel     16th August 2017 Graphite developer Triton Minerals has signed a memorandum of understanding (MoU) with China’s Sinoma Overseas Development Company providing terms for offtake, engineering, procurement and construction (EPC) services, debt financing and project investment at the Ancuabe project, in Mozambique.... 

Shortage of Chinese rare earths spot material bodes well for Mkango – report

By: Henry Lazenby     15th August 2017 Structural changes in China’s rare earths supply chain bodes well for companies outside of that country that are developing new rare earths projects. A new report published by respected industry observer Adamas Intelligence of Sudbury, Ontario, highlights a 50% increase in the price of certain... 

Despite delay, US expected to impose steel tariffs

By: Reuters     15th August 2017 US President Donald Trump is still expected to impose steel import tariffs on national security grounds despite the delay of a probe into the matter and pursuit of multilateral talks to reduce excess capacity, industry players and trade experts say. US steel stocks have fallen nearly 10% since... 

SA Hippo - World’s Safest Submersible Pump For Underground Mining

     15th August 2017 Coal mining accidents caused by gas and coal dust explosions account for the most fatal mining disasters around the world. However, dangerous Methane gas is present at most underground mines as well and not only in coal mines.  This was, once again, confirmed when a fatal methane gas explosion... 

China’s TMI injects A$30m into Woodie Woodie manganese restart

By: Esmarie Swanepoel     15th August 2017 China’s Ningxia Tianyuan Manganese Industry Company (TMI) will invest some A$30-million to restart operations at the Woodie Woodie manganese mine, in Western Australia. Owner Consolidated Minerals (ConsMin) suspended operations at the mine at the start of 2016 on the back of declining manganese... 

Russian bank sees gold jumping to $1 400 on world tension

By: Bloomberg     14th August 2017 Gold prices are set to jump to a four-year high of $1 400/oz by the end of the year over mounting tensions between North Korea and the US, and surging demand in the world’s biggest consumers, according to the head of precious metals at a Russian investment bank. Bullion could rise to $1 360/oz... 

India to import 25t gold from South Korea, avoiding duty - industry officials

By: Reuters     14th August 2017 Indian traders are likely to import 25 tonnes of gold from South Korea in July and August, taking advantage of a recent tax change that allows importers to ship in gold without paying a 10% customs duty, industry officials told Reuters. The cheap imports are putting pressure on local refiners... 

Congo reinstates VAT on imports for mining companies

By: Reuters     14th August 2017 Congo has reinstated a value added tax (VAT) on mining company imports, the chamber of mines said on Saturday, part of what miners say is a deteriorating business climate in the country. Democratic Republic of Congo's government agreed to suspend the tax in July 2016 to help companies during a... 

Work advancing to secure Chinese funding for large Greenland zinc project

By: Mariaan Webb     11th August 2017 Base metals developer Ironbark Zinc is continuing to work towards securing Chinese funding for a large potential zinc mine – the Citronen base metals project, in Greenland. Ironbark, which is listed in Australia, is working with China Nonferrous Metal Industry’s Foreign Engineering and... 

There's a key to lithium's future inside a shipping container

By: Bloomberg     11th August 2017 The world’s biggest miners’ determination to muscle into the burgeoning  battery market stepped up a notch with  Rio Tinto Group reporting breakthroughs in cracking the technology needed to unlock its giant lithium project in Serbia that could meet 10% of global demand. Tests at a research... 

Beijing halfway to 2020 target to cut 800Mt from coal capacity

By: Reuters     11th August 2017 China has hit the halfway point towards meeting it target of cutting coal mining capacity by 800-million tonnes a year by the end-2020, the state planner said on Friday. Tackling industrial and mining overcapacity has been a priority for Beijing to make China's economy more efficient and... 

Mining companies built on wildcat culture now want to share risk

By: Bloomberg     11th August 2017 Swashbuckling gamblers abound in the mining business, where billions are spent searching for mother lodes in some of the most inhospitable places on the planet. But a prolonged slump in metals and big losses on earlier solo projects are turning top producers into risk-avoiding wallflowers. “The... 

Electric vehicles to comprise majority of cars sold globally by 2040

By: Irma Venter     11th August 2017 Electric vehicles (EVs) will make up the majority of new-car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to new research published by Bloomberg New Energy Finance (BNEF). The forecast draws on detailed analysis of likely future reductions in... 

Potash majors report slow-but-steady market recovery as robust demand pushes prices, profits higher

By: Henry Lazenby     10th August 2017 Canadian potash majors Potash Corp of Saskatchewan and Agrium Inc have reported higher sales volumes for the crop nutrient for the second quarter ended June 30, pushing potash prices higher, despite a persisting market glut. Calgary, Alberta-based Agrium has reported adjusted net earnings – which... 

Chinese illegal mining crackdown lifts dysprosium price

By: Mariaan Webb     10th August 2017 A crackdown on illegal mining in China is good news for the Australia’s Northern Minerals, which is developing the first hardrock dysprosium operation outside of China. The developer of the Browns Range pilot plant project, in northern Western Australia, said on Thursday that the price of... 

Vale sells two more Valemax vessels for $178m

By: Henry Lazenby     10th August 2017 The world’s largest iron-ore producer Vale has sold another two of its 400 000-deadweight-tonnne vessels for about $178-million, the Brazilian company reported on Wednesday. The vessels were delivered on Tuesday to nominees of Bank of Communications Finance Leasing (Bocomm). 

Elon Musk inspires No.1 miner to target electric vehicle boom

By: Bloomberg     9th August 2017 Observations by Tesla’s Elon Musk on the key role nickel plays in the electric vehicle boom helped inspire the world’s top miner BHP Billiton to invest in new capacity to target rising demand. Amid efforts to improve performance at its nickel operations in Australia, Eduard Haegel, asset... 

US finds China aluminium foil subsidised, imposes duties

By: Reuters     9th August 2017 The US Commerce Department said on Tuesday it made a preliminary finding that imports of aluminium foil from China are subsidised, and it imposed countervailing duties ranging from 16.56% to 80.97%. US aluminium foil producers had filed petitions with the US government accusing Chinese producers... 

Chile short-lists seven companies for value-added lithium projects

By: Reuters     8th August 2017 The Chilean government has short-listed seven companies to develop value-added lithium projects in the country, state development agency Corfo said on Tuesday, the latest move in Chile's push to diversify its exports. Chile is part of South America's "lithium triangle," home to more than half the... 

Trump administration's Africa policy in focus at Agoa trade talks

By: Reuters     8th August 2017 With the Trump administration's trade agenda focused on reining in China and renegotiating the North American Free Trade Agreement, Africa has barely appeared on the radar screen. That could change this week as President Donald Trump's top trade negotiator and other senior US officials head to... 

Iron-ore exports to China from Port Hedland drop 12% in July

By: Reuters     8th August 2017 Iron-ore shipments to China from Australia's Port Hedland terminal dropped 12% to 32.03-million tonnes in July from 36.6-million tonnes in June, port data released on Tuesday showed. Overall iron-ore shipments from the world's biggest export terminal for the steelmaking raw material dipped to... 

Prairie stands behind Polish asset

By: Esmarie Swanepoel     8th August 2017 ASX- and Aim--listed coal developer Prairie Mining has refuted claims by the Polish Chief National Geologist, insisting that the company had government support to develop its Jan Karski coal mine. Prairie said that the Chief National Geologist recently made a number of incorrect claims regarding... 

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