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Low platinum price boosting platinum jewellery demand

By: Martin Creamer     26th May 2017 The low platinum price incentivised manufacturers and retailers to stock and sell platinum, leading to an overall growth of 5.4% in the US last year, Platinum Guild International said on Friday, with lower-based retail sales in India soaring 11.4%. In its Platinum Jewellery Business Review, the... 

Uganda, Tanzania sign deal for world's longest heated pipeline

By: Reuters     26th May 2017 Uganda and Tanzania signed a framework agreement on their proposed $3.55-billion crude export pipeline on Friday, a key milestone for the project, which is expected to start pumping Ugandan oil to international markets in three years. An official at Uganda's Ministry of Energy told Reuters the... 

Kazakhstan to produce nuclear fuel for China

By: Reuters     26th May 2017 Kazakhstan, the world's biggest uranium producer, will start producing nuclear fuel for Chinese power plants in 2019 through a joint venture set up by the two countries, a senior official at the Ulba Metallurgical Plant told Reuters. The joint venture, Ulba-FA, is now building on land at the Ulba... 

Russian State fund could invest in miner Polyus with China's Fosun – source

By: Reuters     26th May 2017 The State-backed Russian Direct Investment Fund (RDIF) and China's Fosun International could announce an investment in Russia's top gold producer Polyus in early June, a source familiar with the talks told Reuters. A consortium led by Fosun, one of China's most acquisitive conglomerates, has... 

Real-world applications of blockchain-enabled supply chains

     26th May 2017 This is the second of a two-part series examining the impact of blockchain technology on supply chains. In part I we examined how blockchains work, and the potential game changing impact of this new technology on supply chains as a record keeping, verification, tracking and transaction switching... 

Poseidon expects Silver Swan restart to deliver ‘healthy’ return

By: Esmarie Swanepoel     26th May 2017 The Silver Swan nickel mine, in Western Australia, will require a preproduction and working capital investment of A$25-million, and a breakeven nickel price of $4.63/lb to deliver its 8 800 t of contained nickel. A definitive feasibility study (DFS) found that the high-grade underground nickel... 

Authorities help to curb counterfeit pharmaceuticals

By: Marleny Arnoldi     26th May 2017 Owing to the devastating effects of counterfeit pharmaceuticals on individual patients, brand owners and the economy, law firm Spoor & Fisher works with the South African Police Service (SAPS), the South African Revenue Service’s division, the Department of Customs & Excise and State Prosecutors... 

Ayago hydropower plant project, Uganda

By: Sheila Barradas     26th May 2017 The project involves the construction of a run-of-river scheme. 

South Africa's govt wants Sinopec to retain refinery capacity

By: Reuters     25th May 2017 South Africa is in talks with China's Sinopec over its take-over of Chevron Corp's Cape Town refinery and will look to ensure that production capacity was retained and enhanced, Economic Development Minister Ebrahim Patel said on Thursday. Sinopec will pay almost $1-billion for a 75% stake in... 

Savannah aims to tap into European lithium market with 'strategic' Portugal acquisition

By: Mariaan Webb     25th May 2017 Multicommodity company Savannah Resources has announced an agreement to buy a series of highly prospective lithium prospects in Portugal, including an advanced project,as the company seeks to tap into the world’s second-largest lithium market after China. As part of the transaction to buy a 75%... 

Australian Bauxite gets more Bald Hill orders

By: Esmarie Swanepoel     25th May 2017 ASX-listed Australian Bauxite has flagged interest from new customers, with the company telling shareholders it had received a letter of intent for a ‘significant shipment’ of cement grade bauxite from its Bald Hill bauxite mine, in Tasmania. The company was now in discussions with the customer... 

Coal India wins tax-cut boost as environmentalists fret

By: Reuters     25th May 2017 State-run Coal India Ltd , saddled with millions of tonnes of unsold coal, is expected to be the biggest beneficiary of a controversial government decision to more than halve the sales tax on the fuel after a jump in local supplies. The world's third-largest greenhouse gas emitting country said... 

Djibouti opens new port as part of $7bn/y free-trade zone plan

By: Reuters     25th May 2017 Djibouti has formally opened one of four new ports designed to cement the tiny Horn of Africa nation's position as a continental hub, a statement from the ports authority said on Wednesday. Doraleh Multipurpose Port has been substantially upgraded as part of a Chinese-backed plan to establish... 

Glencore looking to expand agriculture business – CEO

By: Reuters     24th May 2017 Miner and trader Glencore is looking to expand its agriculture business via its partnership with two Canadian funds, the company's CEO said on Wednesday, but has no plans to move into any commodities it does not already trade. CEO Ivan Glasenberg was speaking a day after US grains trader Bunge... 

Despite production disruptions, copper saw February surplus of 150 000 t

By: Henry Lazenby     24th May 2017 Analysis of the latest data published by the International Copper Study Group (ICSG) showed global surplus copper output of 150 000 t in February, despite disruptions at massive key mines in Chile and Indonesia. The ICSG ascribed the surplus mainly to a sharp decline in Chinese apparent demand,... 

Global steel production rises 5% y/y in April

By: Creamer Media Reporter      23rd May 2017 Global steel production, as reported by the 67 member countries of the World Steel Association (worldsteel), rose by 5% year-on-year to 142.1-million tonnes in April. China’s steel production increased by 4.9% to 72.8-million tonnes, while Japan’s output rose 3% year-on-year to 8.8-million tonnes. 

Hudson Rubber (Pty) Ltd

     23rd May 2017 Hudson Rubber (Pty) Ltd was founded in 1959 in Pretoria, South Africa and is a well- known brand in the industry. The company was owned by the founding family until October 2016 when it was sold to private investors. The Hudson Rubber capacity was further expanded in November 2016 when a merge... 

Queensland coal mining jobs growing again

By: Esmarie Swanepoel     23rd May 2017 Stronger commodity prices have resulted in an increase in the number of jobs in the coal exploration sector, with new data from the Queensland government revealing that employment in the sector had grown by more than 3 000 in the six months to November. “Coal mining jobs are up 9% to 22 000 and... 

Siviour proves up for Renascor

By: Esmarie Swanepoel     23rd May 2017 A scoping study on the Siviour graphite deposit, in South Australia, has estimated that the project could produce some 123 000 t/y of graphite concentrate over a 20-year mine life. ASX-listed Renascor Resources on Tuesday noted that the project would require a capital investment of some... 

Glencore predicts Opec insulated from electric vehicle impact

By: Reuters     23rd May 2017 Opec nations that deliver some of the lowest cost production will be relatively insulated from an early peak in oil demand caused by any faster-than-expected roll-out of electric vehicles, Glencore's chairman said on Monday. Members of the Organization of the Petroleum Exporting Countries meet... 

Govt officials to receive training on special economic zones in China

By: African News Agency      22nd May 2017 A group of 34 Special Economic Zones (SEZs) practitioners and supporting sector specialists from the trade and industry department (dti), provincial departments, and agencies responsible for implementation of the SEZ programme leave for Tianjin in China on Monday to attend the 4th capacity... 

Iron stockpiles hit record in China as quality gets scrutiny

By: Bloomberg     22nd May 2017 he record heap of iron-ore on China’s doorstep just got even bigger, with the increase in holdings so far this year eclipsing the build up seen over all of 2016 as mills produce unprecedented amounts of steel. Stockpiles at ports rose 1.3% to 136-million metric tons, expanding for a fourth week,... 

Move over Tesla, Europe's building its own battery gigafactories

By: Bloomberg     22nd May 2017 Battery-making gigafactories are about to arrive in Europe, challenging a lead Tesla is building at a plant in Nevada and opening the way for a quicker shift toward green power for both cars and utilities. German Chancellor Angela Merkel on Monday is scheduled to break ground at a €500 million... 

Miners ask Congo to adjust tax repayments for franc slump

By: Bloomberg     19th May 2017 Mining companies in the Democratic Republic of Congo asked the government to adjust pending value-added tax repayments for a slump in the franc that could cost them as much as $210-million collectively. Federation des Entreprises du Congo, the country’s largest business lobby group, sent the... 

SA to start renegotiating nuclear accords next month – Energy Minister 

By: African News Agency      19th May 2017 The South African government will start renegotiating its inter-governmental agreements on nuclear cooperation with five nations, Energy Minister Mmamoloko Kubayi said on Friday. This comes after the government decided last week not to appeal a high court ruling that effectively halted... 

India, Japan to push for One Belt, One Road counter at AfDB conference 

By: Ajoy K Das     19th May 2017 India will unleash its highest level of economic diplomacy at next week’s African Development Bank (AfDB) conference in the western city of Ahmedabad, with the aim of setting quantifiable targets of international economic and trade cooperation between the continents in a bid to counter China’s... 

BAW, IDC invest R250m to expand Gauteng minibus taxi plant

By: Irma Venter     19th May 2017 Beijing Automotive Works (BAW) and the Industrial Development Corporation (IDC) will invest R250-million to expand and upgrade its minibus taxi plant, in Springs, Gauteng. The facility currently assembles the Sasuka 16-seater taxi from semi knocked-down kits, for the South and Southern African... 

China’s first home-grown commercial jetliner makes maiden flight

By: Keith Campbell     19th May 2017 In what could be the most significant development in global commercial aviation since the prototype of the first Airbus airliner (the A300) made its maiden flight in late 1972, the Commercial Aircraft Corporation of China’s (Comac’s) C919 single-aisle airliner made its first flight, from Shanghai... 

Guangdong Huadian Panyu Wanbo CBD Distributed Energy Project power plant project, China

By: Sheila Barradas     19th May 2017 The project entails the construction of a 30 MW combined heat and power plant. 

INDUTEC 2017 Day 1 – where brilliant engineering meets clever innovation

     18th May 2017 Visitors to the first day of the expo in Johannesburg has the chance to see some of the world’s best pumping systems and meet top experts under one roof South Africa’s leading mining pump supplier enjoyed a good first day at Africa’s leading industrial technology and supply expo. 

Volt unveils plans for Tanzania graphite project

By: Esmarie Swanepoel     18th May 2017 Graphite developer Volt Resources has unveiled plans to develop its Namangale project, in Tanzania, in two stages, with first concentrate production starting in mid-2018. A previously completed prefeasibility study (PFS) considered a number of production scenarios ranging from 60 000 t/y to 240... 

Hong Kong-listed IRC says could reopen Russia iron-ore mine

By: Reuters     17th May 2017 Commodity company IRC on Wednesday said it was considering restarting its 1.1-million tonnes per year iron-ore mine in the far east of Russia, the latest sign of revival in a sector shaking a years-long downturn. "Following the positive price movements in 2017 and the recent stabilisation in the... 

G20 must tackle distortions on global steel markets – German minister

By: Reuters     16th May 2017 The world's 20 biggest economies must jointly tackle the causes of imbalances on global steel markets, German Economy Minister Brigitte Zypries told Reuters on Tuesday, adding she had addressed the issue also in talks with Chinese counterparts. "We must work together on the causes of market... 

Chinese steel industry policies to boost iron-ore demand – Rio Tinto CEO

By: Megan van Wyngaardt     16th May 2017 Rio Tinto CEO Jean-Sébastien Jacques is confident China will continue to drive demand for mining products and iron-ore in particular, despite introducing new policies that will make environmental permits for steel mills harder to obtain and slow capacity. The country plans to eliminate... 

Deripaska's group bets on improving aluminium, Russian outlook

By: Reuters     16th May 2017 A deepening global shortage of aluminium and an improving outlook for Russian equities should make tycoon Oleg Deripaska's En+ company attractive to investors seeking exposure to emerging markets free of foreign exchange risks, its chief told Reuters. Chief Executive Maxim Sokov said En+ is... 

Chinalco proposes taking entire Guinea Simandou iron-ore mine

By: Reuters     15th May 2017 Chinalco has asked Guinea to let it take over the whole of the troubled Simandou iron-ore mine project, sources familiar with the matter say, as Beijing pursues a global strategy to secure key resources for its vast economy for decades to come. Mired in legal disputes, located in Guinea's remote... 

AMSA insists 12% hot-rolled-coil safeguard won’t translate into abrupt price hike

By: Terence Creamer     15th May 2017 Steel producer ArcelorMittal South Africa (AMSA) insists that the institution of a 12% safeguard duty on hot-rolled coil (HRC) from July 1 will not result in a commensurate rise in domestic prices for the primary-steel product, owing to a pricing agreement with government that regulates the... 

Evenly balanced year for platinum in 2017, supply deficits to continue

By: Ilan Solomons     15th May 2017 The platinum market is expected to be broadly balanced over the year with a deficit of 65 000 oz forecast for this year. Above ground stocks are expected to end the year at 1.89-million ounces, which is a 3% decline on 2016 and in excess of 54% down from 2012 levels. 

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