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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... 

American hardwoods to feature widely at 2nd ‘Dubai Design Week’

     21st September 2016 AHEC to unveil installation at Downtown Design 2016 and present at the talks programme of both Design Ras Al Khor and Dubai Design Week American hardwoods are set to feature widely at the second edition of ‘Dubai Design Week’, the Middle East’s biggest celebration of design, which will take place... 

Industry leaders attending the DMCC Precious Metals Forum in Accra, call on airlines and associations to ban the hand-carriage of gold

     13th September 2016 Over 130 industry delegates descended on Ghana’s capital Accra on 7 September, to attend DMCC’s second Africa Dubai Precious Metals Forum held at the Kempinski Hotel.   Government ministers, regulators, mining industry professionals, security experts, airlines, logistics facilitators and... 

Law firm launches practice focused on infrastructure

By: Dylan Slater     26th August 2016 International law firm Pinsent Masons announced at the end of July plans to launch an infrastructure-focused practice in Johannesburg, South Africa, with the appointment of two founding partners to launch the office.  

MB – Outrank in quarries

     25th August 2016 Crushing in quarries around the world has become a key aspect of mines operation; the need to make the most of all available material arose and has prompted sharpest operators to use also the "waste material" that was once simply piled up in the quarry, becoming today valuable resources. The need... 

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.... 

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