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Free-falling Mongolia won’t be saved by commodity revival

By: Bloomberg     25th August 2016 The commodity super-cycle that peaked in 2011 powered Mongolia to world-beating growth. Then came the bust and China’s recent economic slowdown that’s pushed the land of Genghis Khan into an unprecedented economic crisis this summer. Yet even though the commodity market finally has a pulse again... 

Africa Dubai Precious Metals Forum Returns to Ghana in September 2016

     23rd August 2016 DMCC to outline Dubai’s unique value proposition to miners highlighting a supply chain solution free of conflict minerals in collaboration with Ghana Chamber of Mines and Dubai Chamber of Commerce & Industry DMCC, the Dubai government authority dedicated to enhancing Dubai’s position as a global... 

Old rings are treasure as gold rally revives scrap recycling

By: Bloomberg     23rd August 2016 The surprising rebound in gold prices this year has given new life to unwanted jewelry, coins and trinkets – in the melting pot. More than a third of the world’s bullion supply usually comes from recycled metal, but purchases at pawn shops and cash-for-gold companies had slowed during a... 

Sandton City still changing the face of SA retail

     19th August 2016 Right at the heart of one of Africa’s richest square miles lies Sandton City, a glittering beacon of commerce that has been attracting shoppers and retailers from all over the country and around the world – for more than 40 years. This is the shopping mall that changed the face of retail in South... 

Cape Town on track to be the start-up capital of Africa, says Wesgro

By: Kim Cloete     18th August 2016 Cape Town is pushing beyond its tourist image with a drive to be seen as the start-up capital in Africa. “We’re incredibly excited about Cape Town becoming a destination for young people around the world. Cape Town has become Africa’s largest start-up scene,” Wesgro CEO Tim Harris told delegates... 

Blue Label’s Cell C acquisition deal ‘on track’

By: News24Wire      18th August 2016 Blue Label Telecoms has said that plans to acquire 35% of Cell C for R4-billion as part of a recapitalisation plan are still “on track”. In December last year, the boards of Cell C and its holding company 3C Telecommunications accepted an offer from Blue Label Telecoms for the deal. 

New Durban floating dock to add much-needed ship repair capacity 

By: Shirley le Guern     12th August 2016 With an estimated 12 000 ships calling at South Africa’s ports each year and over 30 000 vessels sailing along the South African coastline annually, the ship repair industry should theoretically be a thriving and growing industry. In reality, however, it is an opportunity that is largely being... 

New Durban floating dock to add much-needed ship repair capacity

By: Shirley le Guern     12th August 2016 With an estimated 12 000 ships calling at South Africa’s ports each year and over 30 000 vessels sailing along the South African coastline annually, the ship repair industry should theoretically be a thriving and growing industry. In reality, however, it’s an opportunity that is largely being... 

Cullinan mine yields 138.57 ct diamond

By: Anine Kilian     10th August 2016 LSE-listed Petra Diamonds has recovered a 138.57 ct Type IIa, D-colour diamond at its Cullinan mine, in South Africa.   The high-clarity diamond will be offered for sale as part of the company’s next sales process later this month. The company had earlier this year sold a 121.26 ct white diamond... 

Lucara leaves door open to another auction for whopper diamond

By: Bloomberg     8th August 2016 Lucara Diamonds, which failed to sell the biggest diamond found in more than a century through a public auction, may go under the hammer again. “We’re not discounting going back to the auction process in some form in the future,” William Lamb, CEO of the Vancouver-based miner, told Bloomberg TV... 

Multimillion Rand Africa Projects Offer Huge Potential For SA Stainless Steel Supply

     5th August 2016 Strategic trips by the Southern Africa Stainless Steel Development Association (sassda) to Tanzania, Senegal and Mozambique as part of the dti’s Export Marketing and Investment Assistance Scheme (EMIA) have yielded a number of exciting, ‘new market’ opportunities for local companies wishing to... 

Pinsent Masons To Launch In South Africa

     29th July 2016 International law firm Pinsent Masons has announced plans to launch an energy and infrastructure-focused practice in Johannesburg, South Africa. The firm has appointed two founding partners to launch the office. Rob Morson joins from Bowman Gilfillan where he was Head of Construction and is... 

Hassyan clean coal power project, UAE

By: Sheila Barradas     29th July 2016 The project will be supported by a 25-year power purchase agreement with Dubai Electricity Water Authority. 

Stellar enlists potential JV partner for Guinea, Liberia projects

By: Anine Kilian     28th July 2016 Aim-listed Stellar Diamonds has signed binding heads of terms with Dubai-based commodities trading group Citigate Commodities to establish joint ventures (JVs) over the Baoulé kimberlite project, in Guinea, and over new exploration licences recently awarded to Stellar in western Liberia. The... 

WGBC, partners to improve energy efficiency of cities

By: Anine Kilian     27th July 2016 The World Green Building Council (WGBC), along with the World Resources Institute-led Building Efficiency Accelerator (BEA), on Wednesday announced a new partnership to dramatically ramp up energy efficiency within buildings across the world, starting with the city of Tshwane, in Gauteng.... 

GE aiming to change coal narrative with high-efficiency power solutions 

By: Terence Creamer     26th July 2016 Technology group GE is beginning to actively make the case for clean coal, having concluded that coal-fired generation will remain a major, albeit relatively smaller, part of the future electricity mix in many parts of the world. GE Power global sales and marketing leader for steam power systems,... 

Belmet And 3c Metal Formalise A Shareholding Relationship

     19th July 2016 Following a long history of successful collaboration and joint ventures between Belmet and 3C Metal, the French-based head office of 3C Metal has officially taken the decision to invest in a shareholding percentage of Belmet Namibia and Belmet South Africa. The shareholding agreement is effective... 

Bringing ‘big dreams’ to life in the Middle East and Asia

     14th July 2016 For the past four decades, global engineering and infrastructure advisory company Aurecon has played a key role in partnering with visionary developers in the Middle East and Asia to bring their boldest and bravest ideas to life. To support this vision, the company recently announced the... 

Massive Vlakfontein investment to meet hazardous waste challenge

By: Liezille Vermeulen     6th July 2016 A R250-m hazardous waste management plant – built to comply with stringent new environmental guidelines, and the first new hazardous waste landfill site in South Africa in 20 years - has been opened in Vlakfontein 

Congo’s illegal gold trade seen benefiting foreign companies

By: Bloomberg     5th July 2016 Foreign companies and armed groups are profiting from an illegal trade in gold in eastern Democratic Republic of Congo despite international regulations intended to clean up the sector, Global Witness said. One Chinese company that operates gold-dredging boats in the region smuggled as much as... 

Ethiopia receives the first Airbus A350XWB in Africa 

By: African News Agency      30th June 2016 Ethiopian airlines this week took delivery of the first Airbus A350XWB in the French aeronautics city of Toulouse, becoming the first African carrier to own the new-generation wide-body aircraft and the first airliner in the world to fly the airplane with the capacity of carrying 343 passengers... 

DMCC and Jafza Sign MoU to boost trade between Dubai’s leading Free Zones

     29th June 2016 DMCC the Government authority on trade, enterprise and commodities in Dubai, today announced the signing of a Memorandum of Understanding (MoU) with Economics World Zone, Jafza’s parent company.The purpose of the memorandum is to enhance trade and explore new collaboration between Dubai’s leading... 

South Africa seen as attractive market amid surging global solar PV deployment

By: Terence Creamer     23rd June 2016 A new study assessing the future role of solar photovoltaics (PV) in the global electricity system suggests that the technology’s installed base could grow to between 1 760 GW and 2 500 GW by 2030 and identifies South Africa as among the most attractive markets for deployment. Solar PV capacity... 

Dubai’s DMCC and China’s Zhongwei Sign MoU to Boost Trade along the ‘One Belt One Road’

     23rd June 2016 DMCC, the Government authority on trade, enterprise and commodities in Dubai, today announced the signing of a Memorandum of Understanding (MoU) with Zhongwei Ningxia Municipal People’s Government in China.   The purpose of the memorandum is to explore new collaboration, directives and... 

World’s First Robotics and Innovation Store to Open in Dubai

     22nd June 2016 Action To Action is set to open the world’s first robotic and innovations store in Dubai. “Innovators”, which will be located at Dubai Festival City, is the only retail concept of its kind, dedicated to visualising the future transformation of consumer electronics retail. The store opens to the... 

Rebels, army seen profiting from Congo gold despite controls

By: Bloomberg     21st June 2016 International regulations aimed at curbing the trade in so-called conflict minerals have failed to stop rebel groups and elements of the army in eastern Democratic Republic of Congo profiting from gold mining in the region, according to a United Nations group of experts. The lack of a functioning... 

AHEC to collaborate with seven UAE-based designers for ‘Seed to Seat’ project at Downtown Design 2016

     20th June 2016 The American Hardwood Export Council (AHEC), the leading international trade association for the American hardwood industry, has announced the launch of ‘Seed to Seat’, a collaboration with seven of the most prominent and exciting designers in the UAE, who have been given an open brief and asked... 

Local company awarded German welding agency

By: Simon Sonnekus     17th June 2016 The acquisition of the South African agency for German tooling manufacturer Orbitalum Tools will allow Dowson & Dobson (D&D) Industrial to provide welding solutions for industries that require tube and pipe-welding preparation. D&D Industrial is a division of Actum Industrial. Both Actum... 

Gold pinned to Brexit angst as traders see $1 350 if leave wins

By: Bloomberg     16th June 2016 Polls show Britons will vote next week to exit the European Union, and that has gold traders betting the precious metal will be a lot more valuable. Prices will rally to the highest in two years if the so-called Brexit campaign succeeds on June 23, reaching $1 350/oz within a week of the vote –... 

Iqarus targets international growth with new appointment

     14th June 2016 Healthcare and medical solutions company Iqarus has appointed Andrew Hames as Chief Commercial Development Officer to drive the company’s strategy for global organic growth in remote and difficult operating environments. With an extensive track record in developing healthcare, security and safety... 

TechAccess Unveils Unify SME Initiative and Announces Partner Promotion

     14th June 2016 TechAccess, the leading value added distributor in the Middle East, North Africa, LEVANT, Pakistan and Afghanistan has just unveiled its Unify SME Initiative and new promotion to partners. An update session, which was held at the Sheraton Hotel in Dubai, introduced partners to the new initiative... 

Rexus Trading Driven to Innovate - innovating to grow!

     10th June 2016 Valve designer and manufacturer Rexus Trading has delivered the first of two export orders to Abu Dhabi in the United Arab Emirates, says Rexus Managing Director Allistair Balutto, adding that the orders are for their large bore AirFlo Variable Orifice air valves and KII couplings and flange... 

Dubai-based solar firm pursuing 650 MW African project pipeline

By: Terence Creamer     8th June 2016 Solar energy company Phanes Group, of the United Arab Emirates, reports that its African project pipeline currently exceeds 650 MW, including a 150 MW project under development in South Africa, where it recently opened a regional office. The Johannesburg office is the Dubai-headquartered firm’s... 

Blom re-elected WFDB president, Israel’s Dvash appointed VP

By: Samantha Herbst     7th June 2016 The World Federation of Diamond Bourses (WFDB) has re-elected president Ernie Blom for a third consecutive term, though it decided to replace VP Julien Drybooms with Israeli Diamond Exchange President Yoram Dvash, following unanimous votes at the recent thirty-seventh World Diamond Congress, in... 

'Twisting' Vitreous Enamel Cladding For Oman Airport Tower

     27th May 2016 Ekurhuleni-based Vitrex designed and  supplied unique 'twisted' vitreous enamel the Air Traffic Control (ATC) Tower at Muscat International Airport in the Sultanate of Oman. Vitraclad heavy gauge panels, exported by Vitrex to cover around 4 000m2 of the fins of the Tower, were installed by the... 

New African automotive body to offer support to aspirant manufacturers

By: Irma Venter     20th May 2016 The initial focus of the newly formed African Association of Automobile Manufacturers (AAAM) will be to assist countries wishing to participate in the automotive value chain to implement the appropriate legislation and regulations that will allow the automotive industry to thrive on the... 

Transparency equals bankability, World Diamond Congress hears

By: Martin Creamer     19th May 2016 The large number of bad-debt bankruptcies in the diamond industry in recent years was aired on the second day of the 37th World Diamond Congress in Dubai, where much emphasis was again placed on the critical need for financial transparency. De Beers commercial development head Howard Davies drew... 

World diamond body emphasises need for transparency 

By: Martin Creamer     18th May 2016 Transparency, responsibility and sustainability are at the heart of the discussions at the thirty-seventh World Diamond Congress, which is taking place in Dubai. "From mining to diamond cutting and polishing, and from jewellery making to retailing, we must ensure that we’re all working in a fair... 

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