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Somali pirates hijack first commercial ship since 2012

By: Reuters     14th March 2017 Pirates have hijacked an oil tanker with eight Sri Lankan crew onboard, a Somali official said on Tuesday, the first time they have successfully taken a commercial ship since 2012. The Aris 13 sent a distress call on Monday, turned off its tracking system and altered course for the Somali port... 

Africa’s Biggest Coatings Show Entrusted To Major Global Expo Organisers

     9th March 2017 Leading international exhibitions organisers, dmg events - Middle East, Asia & Africa, will in June next year stage Coatings for Africa 2018, the largest event for its industry on the continent. Coatings for Africa – the longest-running coatings event in Africa - is jointly presented by the SA... 

Global experts to assess market conditions and outlook for gold at 2017 Dubai Precious Metals Conference

     7th March 2017 Sixth annual conference to explore challenges and opportunities facing precious metals sector across key markets including China, India, Middle East and Turkey. Despite a challenging performance towards the end of last year, precious metals gained 11.71% over 2016, driven by economic volatility... 

SA-based company partners with Chad to develop country’s nascent minerals sector

By: Ilan Solomons     3rd March 2017 Gold mining, refining and resources development company Quaestec Gold Africa Resources has partnered with the government of Chad to develop the Central African country’s nascent mineral resources sector, says company CEO Charles Fourie. Chad’s gold deposits occur over 1 200 km, from the south to... 

A380 airliner restored to the Johannesburg route by Emirates

By: Keith Campbell     17th February 2017 Major international airline Emirates, based in Dubai, recently reintroduced the Airbus A380 Superjumbo on to its Dubai-Johannesburg route, to meet growing passenger demand. Previously, the airline had operated the A380 on its Johannesburg route for a few months in 2011/2012, but the market had... 

IBM to train 25m Africans over five years

By: Bloomberg     17th February 2017 Technology group IBM is ramping up its digital-skills training program to accommodate as many as 25-million Africans in the next five years, looking toward building a future workforce on the continent. The US giant plans to make an initial investment of R945-million to roll out the training... 

Emirates Global Aluminium orders seventh Hertwich batch homogenizing unit

     16th February 2017 Emirates Global Aluminium has placed an order for the supply of an additional batch homogenizing furnace for the heat treatment of billets with Hertwich Engineering, a company of the SMS group. Including this new unit, which will go into operation at the end of 2017, a total of five batch... 

Fluor Selected for Bauxite Mining Project in Guinea

     8th February 2017 Fluor Corporation announced today that Guinea Alumina Corporation S.A. has awarded Fluor an engineering and program management consultancy contract for a major bauxite mine in the Boké region of Guinea, Africa. Fluor booked the approximately $700 million contract value into backlog in the fourth... 

Industry needs to adapt to digital technology to improve

By: Victor Moolman     3rd February 2017 To remain competitive this year, companies in the materials handling and logistics industry will be forced to act to optimise efficiency, improve business processes and advance the customer experience, says technology solutions provider Jasco Enterprise service portfolio manager Ian Summerfield. 

Emirates returns the A380 airliner to its Johannesburg route

By: Keith Campbell     1st February 2017 Major international airline Emirates, based in Dubai, on Wednesday reintroduced the Airbus A380 Superjumbo on to its Dubai-Johannesburg route, to meet growing passenger demand. Previously, the airline had operated the A380 on its Johannesburg route for a few months in 2011/2012, but the market... 

Condition-based maintenance – new approaches to extend the life of HVAC equipment

     19th January 2017 HVAC is a long-term investment: chillers are big-ticket items that are meant to last the lifetime of a building – about 25-30 years – in fact a recent demolition of one of the first four star hotels in Dubai led to the retirement of three YORK® YT Chillers after nearly 34 years of service. These... 

Emirates introduces blankets made from recycled plastic on flights 

By: Megan van Wyngaardt     19th January 2017 Dubai-based airline Emirates is introducing new sustainable blankets made from 100% recycled plastic bottles for use in economy class on all its long-haul flights. The blankets are made using ecoTHREAD patented technology, with each blanket made from 28 recycled plastic bottles. The bottles are... 

From farm to fork – Africa’s top F&B show gets a makeover

     18th January 2017 Africa’s Big 7, the continent’s leading event for the food & beverage industry runs from June 25 to 27 in South Africa attracting senior buyers from across the sector Africa’s premier food and beverage show has been rebranded and has relaunched this year to meet the needs of a changing market. 

Guptas fail to sell SA companies by end of 2016 

By: News24Wire      11th January 2017 The Guptas’ intention to dispose of their shares in all their South African businesses by the end of 2016 has not come to fruition, their family spokesperson confirmed this week. "The Gupta family remains committed to disposing of its shareholdings in South Africa as soon as is practically... 

Execution of PRASA project contributes to outstanding results

     16th December 2016 Railway sector services provider Alstom Group announced in its “outstanding” fiscal year 2016/17 results that trains reached €1.6-billon sales, with ongoing execution of the Passenger Rail Agency of South Africa (PRASA) project in South Africa among other deliveries of suburban, regional and... 

Liberty House closer to buying Australia’s Arrium steel producer

By: Bloomberg     15th December 2016 Liberty House Group is closer to taking over Australia’s steel producer Arrium, as the London-based steel manufacturer and metals trader is completing the purchases of units of Tata Steel and Rio Tinto in the UK. “We’re in the second round on Arrium, we’ve been shortlisted among four bidders,”... 

Mining tycoon’s $1bn manganese project nears collapse

By: Bloomberg     9th December 2016 A unit of Timis Mining that says it was forced to stop developing the world’s largest manganese deposit may seek as much as $4-billion in damages from Burkina Faso because the suspension of mining will endanger its other projects in West Africa. Pan African Minerals’ $1-billion Tambao project... 

Burkina Faso says dispute with Timis shouldn’t go to court

By: Bloomberg     7th December 2016 Burkina Faso said Timis Mining shouldn’t go to court until it has exhausted local mediation over a dispute about one of the world’s largest manganese deposits that the company says stems from the government’s deliberate blocking of the project. “The problem can’t go to the courts before we’ve... 

Ritchie Bros. celebrates 20 years of auctions in Dubai

     5th December 2016 Unreserved auction on Dec. 13 & 14 marks two decades of auctions in the United Arab Emirates Over the last two decades, more than 120,000 items have been sold at Ritchie Bros.’ auctions in Dubai. The company will celebrate its 20th anniversary in the United Arab Emirates with a Dubai auction on... 

Bloody diamonds entering the market now only 0.2% of global supply

By: Dylan Slater     2nd December 2016 The ban on diamond exports from conflict zones is proving successful in curbing so-called ‘conflict diamonds’ from being sold into official and black markets, thereby reducing their use as a potential source of finance for rebel groups. This is according to nonprofit diamond industry... 

Zwane welcomes South Africa’s appointment as KPCS’s working group chair

By: Anine Kilian     17th November 2016 Mineral Resources Minister Mosebenzi Zwane has welcomed the decision by the plenary of the Kimberley Process Certification Scheme (KPCS) to endorse South Africa as the new chair of its working group on monitoring. The Minister is currently leading a South African delegation to the plenary meeting... 

ACWA Power to reassess bullish South Africa stance should Redstone collapse 

By: Terence Creamer     15th November 2016 The head of Saudi Arabian electricity group ACWA Power says that, while the company remains a patient investor in South Africa, the outcome of the current impasse with Eskom relating to its 100 MW Redstone concentrated solar power (CSP) project will be critical to the group’s future investment... 

Stellar enters JV to advance Guinea, Liberia projects

By: Megan van Wyngaardt     9th November 2016 Aim-listed Stellar Diamonds has signed joint venture (JV) agreements with Dubai-based Citigate Commodities Trading to further develop the Baoulé kimberlite project, in Guinea, as well as two early-stage exploration licences in western Liberia. The company currently holds a 75% interest in the... 

Red Metro line extension and upgrade project, UAE

By: Sheila Barradas     4th November 2016 Expolink, a consortium led by Alstom, and includes ACCIONA has signed a contract with the UAE Roads & Transport Authority to design and build the extension of Dubai’s Red metro line and upgrade the existing line. 

Burey expands DRC holdings

By: Megan van Wyngaardt     3rd November 2016 ASX-listed Burey Gold is acquiring a 60% interest in five exploitation permits, covering 1 456 km2 of highly prospective ground in the Haut Uele province, in northeast Democratic Republic of Congo (DRC). Through an agreement with a Dubai-based private company Medidoc FZE, the company would obtain... 

Zwane's 'mystery' Dubai trip

By: News24Wire      3rd November 2016 A series of unused flights during a "mysterious" trip abroad by Mining Minister Mosebenzi Zwane, during which he allegedly escorted a member of the Gupta family to a meeting with an international mining company, may have cost taxpayers nearly R100 000 in possibly fruitless or wasteful... 

Guptas considered Treasury a 'stumbling block'

By: News24Wire      3rd November 2016 The Treasury was a "stumbling block" to the Guptas' business ambitions and the family asked Deputy Finance Minister Mcebisi Jonas to sack its director general, according to former Public Protector Thuli Madonsela’s "state capture" report. He would have had to do this if he had accepted the... 

DMCC Executive Chairman Reiterates Support For Commodity Growth On Visit To Burundi

     26th October 2016 DMCC Executive Chairman, Ahmed Bin Sulayem’s ongoing visits across Africa continued in Burundi as he met with government leaders to underscore DMCC’s support for the country’s growing commodities sector. Mr. Bin Sulayem’s focused dialogue took place with Hon Côme Manirakiza, Minister of Energy... 

Travelstart Deploys Interactive Intelligence Customer Engagement Cloud Solution

     26th October 2016 PureCloud Engage transforms customer communications for Travelstart contact centres across Africa and Middle East Travelstart, the leading online travel agency in Africa and the Middle East, has begun deploying the Interactive Intelligence PureCloud Engage℠ solution to transform its customer... 

Top gold buyer sees demand slumping on ‘black money’ curbs

By: Bloomberg     25th October 2016 In the world’s largest gold-consuming country after China, demand has just fallen off a cliff. Saurabh Gadgil, a sixth-generation jeweler, says it’s the worst year in India since he took charge of the family business in 1999. The 39-year old chairperson of PN Gadgil Jewellers, which has stores in... 

Big 5 Flash News

     11th October 2016 MB Crusher is the leading attachment specialist, providing materials processing equipment to the recycling, demolition, construction, landscaping and waste management industries. Crushing and screening buckets, drum-cutters and grapples are available in a complete range, suitable for all kind of... 

Rough diamond industry needs one approach to valuation – KP chair

By: Megan van Wyngaardt     4th October 2016 Kimberley Protocol (KP) chairperson Ahmed Bin Sulayem has called for a consensual approach to determining a set of criteria to create a universal methodology for the valuation of rough diamonds. Speaking at the opening of the second in a series of three Rough Diamond Valuation workshop-style... 

LATAM airlines launches direct flight between Latin America and South Africa

By: African News Agency      4th October 2016 LATAM airlines group has launched a direct flight between Latin America and South Africa, with the first plane on the new route landing at OR Tambo International Airport in Johannesburg on Monday afternoon. The plane landed after a nine-hour journey from Sao Paulo’s Guarulhos International airport. 

Specialised workwear meets industry needs

By: Kimberley Smuts     30th September 2016 Safety-wear manufacturer MB Workwear is focussed on providing specialised and technologically advanced garments using the latest and best fabric innovations, including new antistatic inherently flame-resistant coveralls to meet the evolving needs of the industries it serves. The company is... 

Jasco targets internal strategy as company stabilises

By: Natasha Odendaal     26th September 2016 As smart technologies firm Jasco Electronics emerges from a milestone year that represented stability and consolidation, the JSE-listed group will focus on two levers of growth, in addition to its identified group focus areas, in a year set to be marred by worsening economic conditions. Despite... 

RioZim chooses Chinese group to design $2.1bn power plant

By: Bloomberg     26th September 2016 RioZim chose a State-owned Chinese company to design a $2.1-billion power plant it plans to build in Zimbabwe, which faces frequent blackouts, and is lobbying South Africa’s electricity utility to buy from the facility to help attract investors. State Nuclear Electric Power Planning Design and... 

Market research shows growth in lift and escalator industries

     23rd September 2016 The global lift and escalator market was valued at $86-billion in 2012 and is expected to grow steadily from 2016 to 2020 spurred by robust demand from Asia, according to a report released last month by market research company Research and Markets. 

Education Innovations in Africa Could Level Playing Field for Millions of Students Worldwide

     22nd September 2016 African public-private partnerships are fast-tracking education improvement from primary school to university, potentially levelling the playing field for millions of students worldwide. In the face of electricity shortages and over-crowding, African public-private partnerships are integrating... 

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