R/€ = 14.55 Change: 0.02
R/$ = 12.50 Change: 0.01
Au 1301.61 $/oz Change: -2.13
Pt 901.50 $/oz Change: -9.36


D1 Mint buys 1 500 investment-grade diamonds for new diamond-backed crypto coin

By: Henry Lazenby     25th May 2018 The emergence of blockchain technology is helping to turn diamonds into a new investment asset class that in turn, could drive future demand for natural diamonds, the creator of a new diamond backed crypto coin said on Friday. Singapore-based D1 Mint Limited, the creator of the diamond-backed D1... 

LafargeHolcim to cut 200 jobs as Paris, Zurich offices axed

By: Reuters     25th May 2018 LafargeHolcim will close its corporate offices in Paris and Zurich, eliminating 200 jobs as part of a cost-cutting drive, the world's largest cement maker said on Friday. The Franco-Swiss company confirmed the long-mooted closure of its Paris HQ, which was reported by Reuters on Thursday. 

Russian diamond producer Alrosa says H1 sales to exceed initial expectations

By: Reuters     25th May 2018 Russia's Alrosa, the world's largest producer of rough diamonds in carat terms, said on Thursday first-half sales would be significantly higher than it originally planned due to market strength. Speaking on the sidelines of the St Petersburg economic forum, Alrosa chief executive Sergey Ivanov... 

Miners halt dividend payouts, stay-in-business capex as price languishes in the doldrums

By: Natasha Odendaal     25th May 2018 The once burgeoning platinum industry that in the recent past benefited from a years-long upswing in commodity demand and prices is now failing to recover from the global economic depression that heralded the end of its glory days and shut many smaller operators down. In the wake of the 2008... 

Hilton hotels to cut down on plastic waste

By: Anine Kilian     23rd May 2018 The Hilton hotel group will remove plastic straws and plastic water bottles from its 650 managed properties by the end of this year. The company on Wednesday revealed its goal of cutting its global environmental impact in half by 2030. 

Chinese newspaper suggests cut imports, downgrade ties with Australia

By: Reuters     23rd May 2018 China should downgrade its ties with Australia, including cutting imports and postponing a visit by Prime Minister Malcolm Turnbull to underscore Beijing's unhappiness at recent anti-China sentiment, a state-run paper said on Wednesday. Relations between the two countries have cooled since late... 

KSB assists UP in building of controlled-temperature test unit

By: Simone Liedtke     22nd May 2018 KSB Pumps and Valves has assisted the University of Pretoria (UP) in the construction of a large controlled-temperature test unit, which will form the backbone of ongoing research into heat transfer, fluid mechanics and thermodynamics. This unit will allow students to plug directly into hot,... 

KSB Pumps for University of Pretoria laboratory

22nd May 2018 KSB Pumps and Valves has assisted the University of Pretoria in the construction of a large controlled-temperature test unit, which will form the backbone of ongoing research into heat transfer, fluid mechanics and thermodynamics. The impressive unit will allow students to plug directly into hot,... 

Soaring coal royalties give Qld infrastructure spending a boost

By: Esmarie Swanepoel     22nd May 2018 Queensland coal royalties would soar to a record A$3.7-billion in the 2018 financial year, the Queensland Resources Council (QRC) predicted on Tuesday. QRC CEO Ian Macfarlane said the A$536-million increase on the government’s previous royalty estimates would allow the state government to... 

CAMINEX 2018 to provide latest product showcase and free seminars

21st May 2018 CAMINEX, Zambia’s premier Copperbelt agricultural, mining and industrial trade expo, will be taking place at the Kitwe Showgrounds in Kitwe, Zambia, from 5-7 June, and will be showcasing the latest in products, machinery, technologies and services that these and related industries can offer. An... 

On-The-Air (18/05/2018) 

By: Martin Creamer     18th May 2018 The lives of hundreds of thousands of people will be impacted negatively if Lonmin Platinum is forced to close; urgent action is needed to save the company. The short spell of mining hope that South Africa experienced earlier this year have been dashed, Shadow Minerals Minister James Lorimer told... 

Russia's Alrosa may buy diamond polisher Kristall in 2018 - Finance Ministry

By: Reuters     17th May 2018 Russian diamond miner Alrosa may buy State-owned diamond polisher Kristall in 2018, Russia's Deputy Finance Minister Alexei Moiseev said on Thursday. Alrosa, the world's largest rough diamond producer by output, said previously it was "expedient" for it to buy Kristall when the state-owned... 

Copper industry in crisis, new areas pursued

By: Jessica Oosthuizen     17th May 2018 The global copper industry is in crisis – traditional orebodies are becoming depleted and the commodity market has depressed the price of copper to such an extent that mining companies cannot afford to invest in expansion or new equipment, says foundry and engineering company Thos Begbie group... 

Alrosa sees rosy prospects from colourful diamonds

By: Reuters     16th May 2018 Russia's Alrosa, the world's largest diamond producer by output, plans to boost revenue from selling rare, coloured stones where demand is stable, although it is a niche business. Nature gives fancy colours to about one in every 10 000 rough diamonds of gem quality that are mined around the world. 

Biomimicry is one of the top tech trends, says expert

By: Kim Cloete     16th May 2018 Nature-inspired design – biomimicry – has been highlighted as one of the key technology trends that will shape the future and is beginning to transform industries across the world. The rapidly growing field focuses on adapting nature’s solutions to solve man-made design challenges. 

AECOM showcases the future of digital project delivery at KZN event

16th May 2018 Integrated infrastructure delivery firm AECOM is pioneering digital project delivery by adding various Immersive Technologies like Virtual Reality (VR) and Augmented Reality (AR) to its portfolio of existing 3D models produced by a Building Information Modelling (BIM) process. This allows both... 

Mind the gap: Can subway and landmine technologies save South African platinum?

By: Reuters     16th May 2018 Technologies used to carve subways and clear landmines are being retooled to mechanise South Africa's platinum mines, where an unforgiving geology has stymied such efforts at a huge cost. The technologies may make new mines profitable and could provide a lifeline for some loss-making shafts in a... 

Anglo American to spin off unit to encourage platinum demand

By: Reuters     15th May 2018 Anglo American will spin out its internal venture capital unit, it said on Tuesday, as the world's biggest platinum producer seeks to spur investment in fuel-cell technology to boost demand for a commodity in oversupply. A push, particularly in Europe and China, for lower-emission transport... 

New Milwaukee app, equipment tracker improve tool management

15th May 2018 (Date) 2018: Improved tool management, due to greater control, access, and traceability, is now available through a new app and equipment tracker from Milwaukee, distributed locally by leading supplier Upat. The ONE-KEY™ app is a digital platform for tools and equipment that allows users to... 

SA to be ‘left behind’ if it does not move quickly on EVs, warns Whitfield

By: Irma Venter     15th May 2018 If South Africa does “not move quickly” on creating a market for electric vehicles, “we’ll be left behind”, warns Nissan Group of Africa MD Mike Whitfield. Also, should the South African automotive industry wish to achieve its long-stated objective of producing a million or more vehicles a year... 

Alrosa steps up diamond marketing as miner eyes more cutting

By: Bloomberg     15th May 2018 Alrosa, the world’s largest diamond miner by output, is increasing its marketing efforts and targeting new opportunities in gem cutting at a time when the market is showing signs of starting to stabilize. The Russian firm, which typically hasn’t promoted stones outside Russia, last year... 

Johannesburg show set to provide opportunities for STEM students and university alumni

14th May 2018 The STEM Conference & Career Expo promotes opportunities within the Science, Technology, Engineering and Mathematics field by connecting students and university alumni with blue chip corporate companies and STEM based organisations. Students registering at the 2017 STEM Conference & Career Expo... 

Refurbishments a cheaper alternative

By: Paige Müller     11th May 2018 Industrial equipment supplier the Goscor Group will showcase its Doosan Pro-5 series forklift refurbishments – aimed at providing the farming industry with quality lifting solutions at affordable prices – at this year’s Nampo Harvest Day. Goscor Rental Company sales manager Tanya Brummer tells... 

Reef Fuel Injection Services

11th May 2018 Leading diesel service centre Reef Fuel Injection Services (RFI) is one of only a handful of South African companies that is able to repair cutting-edge diesel fuel-injection systems. The company has an established reputation for its high-quality workmanship and is an authorised service agent for... 

Coca-Cola Beverages to tap into solar energy

By: Simone Liedtke     9th May 2018 Coca-Cola Beverages South Africa (CCBSA) is installing rooftop solar photovoltaic (PV) units, with a combined installed capacity of 10.4 MW, at 11 of its sites. 10 sites will be completed by the end of the year, with the 11th expected to be completed by the end of February 2019. 

Budget highlights mining’s fundamental role in Australian economy

By: Esmarie Swanepoel     9th May 2018 The Minerals Council of Australia (MCA) has called for economic reforms to boost investment in the resources sector, after the federal Budget revealed that the industry is accounting for a significant portion of revenue. The MCA’s interim CEO, David Byers, said on Wednesday that the record... 

Union wage demands puts South Africa's spending cuts at risk – Nene

By: Reuters     8th May 2018 South Africa will struggle to stick to a promise to cut spending if the government fails to agree inflation-linked wage increase with civil service trade unions, Finance Minister Nhlanhla Nene said on Tuesday. Plans to reduce government spending in Africa's most industrialised economy helped it... 

Global Connections Mean More Solutions From Multotec

7th May 2018 Increased technological collaboration between Multotec and its sister companies in Europe is releasing added value for customers around Africa and beyond, according to Multotec’s vice president screening media, Roy Roche. “While Multotec is well known for a diverse range of screening media... 

Innovators emerge with novel ways to treat, conserve water

By: Kim Cloete     4th May 2018 Innovators from South Africa and Austria have met with potential partners and investors in Cape Town to present ideas to reduce the amount of water currently used in agriculture. The 17 innovators were chosen as finalists in the Agri-Water Open Innovation Challenge out of a pool of 70... 

Redefine, Abland launch mixed-use Loftus Park precinct

By: Marleny Arnoldi     4th May 2018 City of Tshwane executive mayor Solly Msimanga this week officially launched Loftus Park – a new mixed-use green precinct, in Pretoria.  

Aussie mines cashing in as Chinese enviro crackdown shifts demand to high-grade iron-ore

By: Esmarie Swanepoel     4th May 2018 A renewed focus on environmental reforms and the accelerated restructure of its steel industry has resulted in a shift change in China’s iron-ore demand, with high-grade ores being given preferential treatment over their low-grade counterparts. The Australian Department of Industry, Innovation... 

Trade shows, expos significant to investment into Africa

By: Zandile Mavuso     4th May 2018 In its fifty-second year of serving the automotive industry in Portugal and internationally, Portuguese automotive suppliers association Afia believes that being involved in trade shows, conferences and expos plays a significant role in creating relationships with countries such as South Africa. 

UK enters financial cooperation and development partnerships with African States

By: Rebecca Campbell     4th May 2018 The Bank of England, the South African Reserve Bank, the Bank of Ghana and the Bank of Sierra Leone (the last two being their countries’ central banks) have entered into a partnership to share their expertise, improve regulation and decrease the risks of banks failing in their respective... 


4th May 2018 The redevelopment of the old grain silos at Cape Town’s V&A Waterfront into what is today the Zeitz Museum of Contemporary Art Africa involved some quite innovative design, engineering and construction work. However, it also required specialised concrete, which was supplied and sponsored by... 

Airbus commissions Imperial Logistics to procure, supply tools

By: Marleny Arnoldi     3rd May 2018 Aeronautics company Airbus has hired logistics service provider Imperial Logistics to procure and distribute metal cutting tools such as milling cutters, drills and countersinks for its German production facilities.  

Exciting new mining research thrust 

By: Martin Creamer     27th April 2018 The new Mandela Mining Precinct will be officially opened on May 4 to revitalise and modernise South Africa’s high-potential but struggling mining industry. 

Fuel cell frenzy as cars, plants deploy platinum to protect environment

By: Martin Creamer     26th April 2018 Hyundai has just launched its new Nexo fuel cell car in South Korea, pre-orders for which exceeded expectations, Honda last month launched the new 2018 Clarity fuel cell car, Doosan Fuel Cell America has cut the ribbon on three 460 kW fuel cells at the Waterbury Pollution Control Authority in... 

Aluminium maker Hydro to miss cost cutting target amid Brazil woes

By: Reuters     25th April 2018 Norwegian aluminium-maker Norsk Hydro will miss its 2018 cost-cutting target as its troubled Brazilian operation continues to work at reduced capacity following a spill in February from a major plant, it said on Wednesday. A regulatory order to cut output from Hydro's Alunorte, the world's... 

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