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Plymouth hoping for strategic industry partner for San Jose project

By: Mariaan Webb     24th November 2017 Exploration and development company Plymouth Minerals is aiming to attract a strategic industry partner for the development of its flagship lithium project in Spain and said on Friday that it was in discussions with European gigafactory developers. The San Jose project, in which Plymouth has a... 

Mining contributes A$55bn to Qld economy in 2016/17

By: Mia Breytenbach     21st November 2017 The resources sector continues to drive employment and investment in Queensland, having contributed A$55.1-billion to the state’s economy in 2016/17 and supported the equivalent of 282 633 full-time jobs. This is according to the Queensland Resources Council’s (QRC’s) eighth yearly economic... 

Bushveld Energy and Partners Deploy Eskom's First Vanadium Redox Flow Battery

     21st November 2017 Bushveld Minerals Limited , a mineral project development company with a portfolio of vanadium and coal assets in Southern Africa and an investment in tin, is pleased to announce that its 84%-owned energy subsidiary, Bushveld Energy Limited ("Bushveld Energy") has confirmed its first vanadium... 

Accelerate ends half-year on strong note, acquires Poland portfolio

By: Megan van Wyngaardt     20th November 2017 Despite the uncertain macroeconomic and political environment, the value of Accelerate Property Fund’s property portfolio increased by 30% year-on-year to R11.8-billion in the six months ended September 30, resulting in a total gross lettable area (GLA) of 637 577 m², it said on Monday. The... 

Artificial intelligence wins big at Mercedes-Benz SA Innovation Challenge

By: Irma Venter     17th November 2017 Artificial intelligence (AI) solutions secured big wins at the Mercedes-Benz South Africa (MBSA) Innovation Challenge, held on November 10. The winners were announced following a judging process by a panel that included representatives from MBSA’s parent company, German car maker Daimler. 

Arafak Q3 impacted by seasonal factors

By: Natasha Odendaal     17th November 2017 After delivering positive and robust first and second quarters, Nasdaq- and LSE-listed Afarak Group’s third quarter was hit by seasonal fluctuations. The group on Friday posted strong revenue growth on the back of higher ferrochrome prices and strong market fundamentals; however, profitability... 

Nissan South Africa confident of delivering on long-awaited investment promise in 2018

By: Irma Venter     17th November 2017 Vehicle manufacturer Nissan in 2012 confirmed plans to invest R1-billion in its Rosslyn plant, in Pretoria, to build a new one-ton pick-up, with capacity at the plant to be increased to around 100 000 units a year. Local production of the new model was set to start in 2014. 

Legislation, infrastructure crucial for electromobility to thrive in South Africa

     17th November 2017 Tim Abbott contends that, with favourable legislation and the requisite infrastructure, South Africa's burgeoning electric-vehicle market will thrive There is no doubt that the long-term future of automotive mobility includes electric vehicles (EVs). In 2016, nearly 774 000 EVs and plug-in hybrid... 

Nissan SA confident of delivering on long-awaited investment promise in 2018

By: Irma Venter     17th November 2017 Vehicle manufacturer Nissan in 2012 confirmed plans to invest R1-billion in its Rosslyn plant, in Pretoria, to build a new one-ton pickup, with capacity at the plant to be increased to around 100 000 units a year. Local production of the new model was set to start in 2014. 

Global wind power continues to propel forward in 2017

By: Kim Cloete     16th November 2017 China is surging ahead in wind power, blowing away the US – the world’s second-largest wind power market – by a long margin, while African countries are making more inroads despite facing challenges, delegates attending the yearly Windaba conference and exhibition, in Cape Town, have heard.... 

Sappi reports quarterly Ebitda increase of 6%

By: Anine Kilian     16th November 2017 JSE-listed pulp and paper group Sappi’s earnings before interest, taxes, depreciation and amortisation (Ebitda) saw a 6% quarter-on-quarter increase to $221-million for the three months ended September 31. Commenting on the group’s performance, CEO Steve Binnie said on Thursday that the company’s... 

'Raj Pink' diamond fails to sell at Geneva sale – Sotheby's

By: Reuters     16th November 2017 "The Raj Pink", the largest known diamond graded "fancy intense pink" for its rare colour, was among several major jewels stranded on the auction block on Wednesday at Sotheby's sale in Geneva. The cushion-shaped stone, weighing 37.30 ct and mounted on a ring, was billed as the star lot at... 

German minerals firm K&S lifts Q3 earnings, adjusts Canada mine ramp-up

By: Mariaan Webb     15th November 2017 German potash and salt producer K+S on Wednesday reaffirmed its earnings forecast for the full year, as it posted higher third-quarter revenue and earnings. The Kassel-headquartered company, which has production sites in Europe, North America and South America, increased its revenue by 6%... 

Cartrack reaches subscriber milestone

By: Megan van Wyngaardt     15th November 2017 Fleet management, stolen vehicle recovery and insurance telematics services provider Cartrack has reached 700 000 active subscribers, it said on Wednesday. The JSE-listed company attributed the robust subscriber growth to its dedicated workforce focusing on consistent customer engagement and the... 

Latest CHARNAUD firefighting bunker, rescue suits are a world-first

     15th November 2017 Top-end, super hi-tech protective clothing manufacturer CHARNAUD of Ladysmith in KwaZulu-Natal has emerged as a global leader in heat-stress mitigation in the firefighting industry with its latest AIR-LITE firefighting gear. These garments are made from a revolutionary ensemble system that is a... 

Global gold flows stable in Oct, gold ETFs add 3.3 t

By: Reuters     14th November 2017 Gold-backed exchange traded funds (ETFs) have added 3.3 t of gold to their global holdings during October, as outflows from North America mostly offset inflows in Europe, the latest data from the World Gold Council (WGC) shows. Global ETF gold holdings now total 2 347.6 t. 

IHS Materials Price Index falls for third time in 5 weeks

By: Henry Lazenby     10th November 2017 The materials price index (MPI) from Global Insight by IHS Markit fell by 0.4% last week, its third decline in the past five weeks. While the decline was relatively modest, it was broadly based, with eight of ten sub-indexes falling – the first time since June that a majority of the MPI's... 

South Africa crucial to global chrome supply, Chromium 2017 hears 

By: Martin Creamer     10th November 2017 South Africa is an irreplaceable supplier of chrome ore and ferrochrome, which is, in turn, an irreplaceable component of China-dominated stainless steel production, global delegates to last week’s well-attended Chromium 2017 conference heard. South Africa, as the dominant global chrome producer,... 

Norway budget throws carbon capture plant plans into doubt

By: Reuters     10th November 2017 The Norwegian government's plan to slash funding for its carbon capture and storage (CCS) technology unit Gassnova has thrown the plans for building Europe's first industrial CCS plant into turmoil, Gassnova and industry executives said. Through Gassnova, Norway initiated a project in which... 

E-toll issues stem from governance issues – Manuel

By: Megan van Wyngaardt     10th November 2017 Former Finance Minister and Minister in the Presidency Trevor Manuel on Friday spoke out in defence of the Gauteng Freeway Improvement Project (GFIP), noting that the defiance against the e-toll and gantry system was as a result of South Africans having an issue with governance. His comment... 

Eldorado suspends Skouries development as Greek row intensifies

By: Henry Lazenby     10th November 2017 Canadian miner Eldorado Gold has moved to suspend development of its Skouries project, in Northern Greece, and has launched legal action against the Greek government for not issuing the required permits. The Vancouver-headquartered company said in a statement Thursday that, despite dialogue... 

Energy-saving guide promotes sustainable mindset industry

By: Nica Schreuder     10th November 2017 International oil and gas company ExxonMobil has recently launched an energy- saving guide for the plastics industry to demonstrate to major companies in plastics how they can better manage their energy consumption. The guide, launched last month, is a practical approach designed to help with... 

International distributor adds bearings to selection

     10th November 2017 Last month, international components distributor RS Components, which acts as the trading brand for parts distributor Electrocomponents plc, announced that a significant expansion to its portfolio of available power transmission application had been completed. The company has added components... 

Innovative system uses truck engine to refrigerate cold trailers

By: Irma Venter     10th November 2017 Eqstra Flexi Fleet, a division of Eqstra Fleet Management and Logistics, has partnered with New Way, Ice Cold Bodies, and Javgro Transport Refrigeration Solutions to design a cold trailer that will run “80% to 90% of the time” using power from the truck engine, says Javgro MD Kenan Gröss. In... 

Clean-fuel delay to crimp SA’s access to latest vehicle technology

By: Irma Venter     10th November 2017 The delay in the introduction of clean fuels in South Africa will halt the flow of new vehicle technology to South Africa, warns the National Association of Automobile Manufacturers of South Africa (Naamsa). “With the widespread introduction of new technology, including new four-way... 

Ivanhoe expects new mineral resource estimate for Kakula by year-end

By: Anine Kilian     9th November 2017 TSX-listed Ivanhoe Mines expects a new mineral resource estimate for the entire Kakula discovery, in the Democratic Republic of Congo, by the end of the year, based on the current, delineated strike extent of least 12 km, the company said in a statement on Thursday. The new evaluation will expand... 

EU antitrust regulators to investigate ArcelorMittal-Ilva deal

By: Reuters     9th November 2017 EU antitrust regulators will investigate whether ArcelorMittal's proposed purchase of Italian steel plant Ilva will lead to price hikes, a move likely to force the steelmaker to offer more concessions to address competition concerns. ArcelorMittal, the world's largest steelmaker, reached a... 

Large oil traders escape EU's MIFID II trading rules, for now

By: Reuters     9th November 2017 Less than two months before strict European Union rules on derivatives come into force, most large oil traders have persuaded regulators to exempt them for now from limits on the positions they can hold, arguing they are not speculators. The EU's revamped Markets in Financial Instruments... 

Steelmaker Voestalpine upbeat on global economic upswing

By: Reuters     8th November 2017 Austrian speciality steelmaker Voestalpine expects sales and earnings to rise further in the first half of next year, supported by a global economic upswing, its chief executive said on Wednesday. After reporting an expected 27 percent increase in second-quarter earnings before interest and taxes... 

Russia bets on hungry China with $6bn fertiliser mines

By: Bloomberg     8th November 2017 China’s dilemma of how to feed its booming population will partially be answered by fancier fertilizers, according to one of the world’s richest billionaires. EuroChem Group AG, owned by Russian commodities tycoon Andrey Melnichenko, is spending over $6-billion on two mines to produce potash, a... 

McEwen Mining targeting acquisition spree to get S&P listing

By: Reuters     8th November 2017 McEwen Mining is on a buying spree as the Canadian gold company aims to grow its market capitalisation by more than five times to achieve its ambition of a listing on the S&P 500, chief owner Rob McEwen said on Tuesday. The Toronto company is seeking to buy several assets, ideally distressed... 

New Frontier acquires warehouse facility in Ireland

By: Anine Kilian     7th November 2017 JSE- and-AltX listed New Frontier Properties has acquired Unit 1 of the Stadium Business Park, in Dublin, Ireland, for €8.6-million, representing a net initial yield of 8.23%. “This purchase in Dublin is in line with our investment strategy to acquire European logistics and warehouse properties... 

Group Five to exit manufacturing business, construction businesses face axe

By: Megan van Wyngaardt     7th November 2017 South African construction giant Group Five will exit construction businesses that it does not believe can be turned around on a sustainable basis. “[Businesses] which are not core to [our] revised strategy . . . will either be sold or closed,” the company said on Tuesday, adding that its... 

In the country where coal is king, a battle with the EU looms

By: Bloomberg     6th November 2017 The buzzword in the Brussels energy and climate bubble is 450, a number that is dividing European Union lawmakers and making coal-dependent Poland fume over upcoming reforms to the world’s biggest carbon market. Negotiators representing the 28-nation bloc and its member states will meet on Nov. 8... 

Ford, BMW, Daimler and VW launch JV to enable long-distance electric vehicle travel

By: Irma Venter     3rd November 2017 BMW, Daimler, Ford and the Volkswagen group, which includes Audi and Porsche, have announced Ionity as a joint venture (JV) that will develop and implement a high-power charging (HPC) network for electric vehicles (EVs) across Europe. Ionity will launch 400 HPC stations by 2020. 

Uranium-endowed South Africa stands to benefit from ambitions to improve electricity access in Africa

By: Dylan Slater     3rd November 2017 In tandem with growing ambitions to increase access to electricity for many African citizens who currently have limited or no access to electricity comes the call for new large-scale power stations to be built. This has prompted a keen interest in nuclear power stations and, consequently, a... 

South Africa steadily keeps pace with global LED shift

By: Tasneem Bulbulia     3rd November 2017 With the UK expecting that all conventional street lights will be converted to street lights fitted with light-emitting diodes (LEDs) by 2021, manufacturer of luminaires and glass-fibre-reinforced polyester poles BEKA Schréder product development manager Daniel Kasper laments South Africa’s... 

Airbus’s A330neo type makes first flight, while Air Mauritius accepts its first A350XWB

By: Keith Campbell     3rd November 2017 The first development aircraft in Europe-based major aerospace group Airbus’ new A330neo (new engine option) family made its maiden flight on October 19, from Toulouse-Blagnac Airport in France. The aircraft took off at 09:57 local time and landed at 14:10, having flown for four hours and 13... 

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