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Karelian granted claim reservation over area which may contain new kimberlite

By: Mariaan Webb     28th June 2017 Prospector Karelian Diamond has been granted a claim reservation in the Kaavi region of Finland, which the Aim- and ESM-listed company is hoping could lead to the discovery of a new kimberlite in the area. The 8.67 km2 claim reservation is for the area surrounding its Lahtojoki mining concession... 

China said to plan coal import ban at some ports starting July 1

By: Bloomberg     28th June 2017 China plans to ban coal imports starting July 1 at ports that were set up through approvals by provincial authorities, the latest move by President Xi Jinping’s government to exert stricter control on the market. Ports in the world’s largest consumer of the fuel that were approved under the... 

Australia joins lithium-ion battery 'gigafactory' race

By: Mariaan Webb     28th June 2017 Plans to build lithium-ion battery plants in Australia are moving apace, with at least two proposals on the table for 'gigafactories' in Queensland and the Northern Territory. A consortium led by Boston Energy and Innovation announced on Wednesday that it had selected a site for a planned... 

Côte d'Ivoire's Shiloh Manganese aims for output of 120 000 t/y

By: Reuters     28th June 2017 Côte d'Ivoire's Shiloh Manganese, a subsidiary of India's Shiloh Industries, aims to produce 120 000 t/y of manganese at its new mining operation, boosting national output to at least 350 000 t, a top company official told Reuters on Tuesday. Côte d'Ivoire is the world's top cocoa grower and is... 

European Metals gains short-term funding for Cinovec

By: Esmarie Swanepoel     27th June 2017 ASX-listed European Metals has reported a maiden ore reserve of 34.5-million tonnes, grading 0.65% lithium oxide for its Cinovec lithium-tin project, in the Czech Republic. MD Keith Coughlan told shareholders that the conversion of 34.5-million tonnes of mineral resource to ore reserve was... 

Europe will retaliate if hit by US steel controls – EU trade chief

By: Reuters     26th June 2017 The European Union would retaliate if European steelmakers suffered collateral damage from import restrictions the administration of US President Donald Trump is considering, EU trade chief Cecilia Malmstrom said on Monday. A US investigation into whether foreign-made steel imports pose a rise to... 

Electra Mining Botswana attracting top names and industry support

     26th June 2017 Leading local and international suppliers to the mining, industrial and power generation sectors have embraced the business growth opportunity that Electra Mining Botswana presents in the region. Komatsu Botswana, Atlas Copco Botswana, Hansen & Genwest, Cummins SA, Phoenix Contact, Worley Parsons... 

EM introduces latest Italian electrical connection systems into SA

     26th June 2017 Cembre SpA, a leading Italian manufacturer of electrical connectors, crimping and cutting tools, railroad products, identification and labelling systems, concluded an exclusive distribution agreement with ElectroMechanica (EM) of Johannesburg on 1 March. The family-owned Cembre SpA has its main... 

Test work confirms Portugal project's ‘high-quality’ spodumene potential – Savannah

By: Mariaan Webb     26th June 2017 Metallurgical testwork on a sample from the Mina da Barroso lithium prospect has confirmed that the project, which Aim-listed Savannah Resources bought in May, has the potential to produce high-quality spodumene concentrate using conventional technologies. Testwork confirmed a high lithium oxide... 

Zinc rally to slow in H2 as headwinds mount – BofAML

By: Henry Lazenby     24th June 2017 Headwinds to the current zinc price rally are expected to mount during the second half of the year as consumption slows, undermining the base metal’s strong fundamentals, new analysis by Bank of America Merrill Lynch (BofAML) has found. The banking group’s Global Commodities Research team said in... 

Highly pathogenic avian influenza isolated on South African farm

By: Natasha Odendaal     23rd June 2017 A farm near Villiers is being quarantined and some 28 000 birds are being culled after a highly pathogenic avian influenza of the H5N8 type – the first in South Africa – was found on the Vaal river property. The Mpumalanga Veterinary Authority is on site assisting with quarantine implementation,... 

Poland thermal coal output to bounce back but EU emissions cap poses a risk

By: Mariaan Webb     23rd June 2017 Poland’s thermal coal sector is set for several years of growth, supported by a commitment to expand coal-fired power generation capacity. However, the outlook for coking coal is less rosy, owing to waning demand from the steel industry. BMI Research states in a research note that thermal coal,... 

Bolting technology supplier establishes base in South Africa 

By: Nadine James     23rd June 2017 German bolting technology company ITH officially opened its South African office in October last year, in order to service long-standing customers based in Africa, while also looking to expand geographically and grow its customer base and market share, says ITH South Africa GM Gys Nell. “We... 

Djibouti commissions $590m multipurpose port

By: John Muchira     23rd June 2017 Djibouti has commissioned its $590 state-of-the-art Doraleh multipurpose port, at a time when fellow East African nations Kenya and Tanzania are investing heavily in port expansion in a bid to become the region's shipping hub. The new port, which occupies a 690 ha site, comprises 15 berths that... 

Increased customs duty on stainless steel fasteners an ‘oversight’

By: Robyn Wilkinson     23rd June 2017 Cape Town-based fastener supplier Fastenright is appealing to the International Trade Administration Commission of South Africa (Itac) to remove the customs duty that was implemented on stainless steel fasteners on April 1. 

Infrastructure development key to accelerating growth, Gama avers 

By: Mia Breytenbach     23rd June 2017 Industrialisation and the provision of infrastructure will accelerate Africa’s economic growth, says State-owned logistics provider Transnet CEO Siyabonga Gama. Speaking at the International Heavy Haul Association (IHHA) Conference promotion breakfast, in Johannesburg, earlier this month, he... 

R125m conveyor for Ford plant

By: Irma Venter     23rd June 2017 The Ford Motor Company of Southern Africa (FMCSA) has invested more than R125-million to upgrade the 3 000-m vehicle conveyor system at its Silverton assembly plant, in Pretoria. The conveyor system carries vehicles from the plant’s body shop to the paint shop. 

You must be choking all over again

By: Riaan de Lange     23rd June 2017 It is a balmy London Sunday afternoon. It is June 11. It is Groundhog Day. Well, for me it is. Just a few hours ago, an unwelcome event recurred. You might even say that it was “It's deja vu all over again”, to quote Yogi Berra. Yes, Yogi Berra, and not Yogi Bear. (Yogi Berra was an American... 

Novo Litio in trading halt pending Sepeda news

By: Mariaan Webb     22nd June 2017 Lithium project developer Novo Litio entered into a trading halt on the ASX on Thursday, pending the outcome of news regarding the status of its Sepeda project, in Portugal. The trading halt will be in place until Monday at the latest. 

Slow, bumpy market recovery on the cards for most commodities

By: Henry Lazenby     22nd June 2017 The global commodity market is probably in for a slow, drawn-out recovery following the five-year bear market, S&P Global Market Intelligence director for reports on the metals and mining sectors Dr Chris Hinde said during a webcast on Wednesday. According to S&P’s ‘State of the Market’ report,... 

Black Mountain Resources raises $1m for Uganda mine

By: Megan van Wyngaardt     21st June 2017 Vermiculite miner Black Mountain Resources has raised $1-million, with the funds to be immediately deployed to delivering operational improvements at its Namekara mine, in Uganda. The ASX-listed miner said the funds were raised through the placement of 25-million fully paid ordinary shares at... 

Leading Edge hits significant lithium, tantalum in Sweden

By: Henry Lazenby     20th June 2017 Junior explorer Leading Edge Materials will immediately launch a follow-up drilling campaign at its Bergby lithium project, in Sweden, after its most recent drill campaign returned “strongly positive” intersections of two new near-surface targets that exceed 16 m in thickness at greater than 1%... 

Hedge funds exit gold before Fed sparks worst rout in month

By: Bloomberg     19th June 2017 Hedge funds were smart enough to get ahead of Janet Yellen’s bad news for the gold market. Money managers pared their net-bullish wagers in the metal for the first time in four weeks. The next day, the move was vindicated when Federal Reserve Chair Yellen raised US interest rates and sparked the... 

Bass gets possible offtake for Graphmada product

By: Esmarie Swanepoel     16th June 2017 ASX-listed graphite developer Bass Metals has signed a sales and purchase memorandum of understanding for half of the forecast graphite concentrate production from the Stage 1 development of its Graphmada project, in Madagascar. The un-named European party was expected to purchase some 3 000 t/y... 

Barloworld Equipment celebrates 90 years in South Africa

By: Dylan Slater     16th June 2017 South African distributor of US-based construction equipment manufacturer Caterpillar’s products, Barloworld Equipment turns 90 years old this year – a milestone set in place in 1927 when Charles “Punch” Barlow built a lasting relationship with Caterpillar.  

Composites cluster charts way forward for basalt in composites

By: Irma Venter     16th June 2017 Nelson Mandela Bay Composites Cluster MD Andy Radford says the cluster has mapped the value chain for the production and application of basalt in composites. He says the cluster is at an advanced stage of securing local and global beneficiators and buyers for the mineral for use in composite... 

EU, China show united climate front after Trump shuns global pact

By: Bloomberg     16th June 2017 The European Union (EU) and China displayed a united front over the need to fight climate change while revealing nagging differences over the path to deeper trade and investment ties. Jean-Claude Juncker, president of the European Commission, the EU’s executive arm, said Europe and China must... 

New era in large satellite propulsion marked by recent launch

By: Keith Campbell     16th June 2017 The world’s first high-power satellite employing an all-electrical propulsion system, Eutelsat 172B, has been successfully launched from Kourou in French Guiana, manufacturer Airbus Defence and Space announced on June 2. The new satellite will provide broadcast, in-flight broadband, and improved... 

South African farmers position themselves for macadamia boom

By: Bloomberg     16th June 2017 Booming demand for macadamias is transforming farmland in eastern South Africa, as landowners switch focus from bananas and sugarcane to the creamy nuts used in sweet treats from ice cream to cookies. First introduced in South Africa in the 1960s, evergreen macadamia nut trees are grown on farms... 

Budding local wind technicians graduate on Global Wind Day

By: Kim Cloete     15th June 2017 After seven months of intense training, 18 young South Africans graduated from the internationally recognised Wind Turbine Service Technician programme, in Cape Town, on Thursday, which also happened to be Global Wind Day. Five of the seven months of training were spent at the South African... 

Wind energy continues to grow as installed capacity reaches 500 GW

By: Anine Kilian     15th June 2017 Wind energy has become a major driver for a sustainable energy future and, with over 500 GW of capacity installed worldwide, it is a leading source of new power generation globally. In 2016, $112.5-billion was invested in wind power globally, and the industry now employs 1.2-million people,... 

Cadence signs MoU to earn 10% of Austria cobalt mine

By: Megan van Wyngaardt     15th June 2017 Aim-listed Cadence Minerals has signed a binding memorandum of understanding (MoU) with ASX-listed Clancy Exploration to earn an initial 10% interest in the high-grade Leogang cobalt-nickel sulphide project, near Salzburg, in Austria, through the issue of 73.7-million shares. Under the terms of... 

World enters an era of 'geopolitical recession'

By: Natasha Odendaal     15th June 2017 The world has entered into its first year of "geopolitical recession" since World War Two, where there is a total downturn in politicians being able to deliver to a global scale, resulting in what has been dubbed a G-Zero – a world without leadership and a world characterised by a “growing vacuum... 

SKF goes the extra ‘production line’ mile to ensure on- time delivery

     15th June 2017 SKF South Africa received an order from an OEM customer to supply bearings, units, housings and sleeves for a conveyor pulley application. According to SKF Key Accounts Manager, Anneritha Maritz, the customer, a leading OEM manufacturer of conveyor pulleys, requested complete delivery within one... 

Accelerate Property Fund reports strong FY performance, sees tough times ahead

By: Megan van Wyngaardt     14th June 2017 JSE-listed Accelerate Property Fund on Wednesday boasted strong financial results for the year ended March 31, with its year-on-year distribution per share up 7.3% to 57.75c apiece. Since listing in December 2013, its portfolio has grown from R5.5-billion, at a share price of R4.88 apiece, to... 

Global business aviation group offering drone services in Africa

By: Keith Campbell     14th June 2017 Worldwide business aviation company ExecuJet announced on Tuesday that it has added unmanned air vehicle (UAV) services to its activities at its African bases (Johannesburg, Cape Town and Lagos). The company will, however, be able to deploy UAVs to any place in the continent, to meet customers’... 

Peugeot SA here to stay, assures new MD

By: Irma Venter     14th June 2017 Peugeot Citroën South Africa (PCSA) is here to stay, says new PCSA MD Francisco Gaie. “The company forms part of VT Holdings’ long-term strategy in South Africa.” 

Afrox gas equipment to be manufactured in Europe

     12th June 2017 As part of the international Linde Group, Afrox is supplying the sub-Saharan market with innovative technology and solutions that are customised for local requirements, while at the same time providing the highest possible standards of quality. Innovating for customers is a core value for Afrox... 

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