R/€ = 16.37 Change: 0.04
R/$ = 13.85 Change: 0.13
Au 1289.75 $/oz Change: -1.21
Pt 935.50 $/oz Change: -3.50


Gold miners shifting focus back to growth

By: Megan van Wyngaardt     22nd November 2017 While global gold miners will gradually shift their focus from financial austerity to growth through acquisitions and increased spending, miners operating in sub-Saharan Africa (SSA) will face elevated costs owing to regulatory uncertainty, power shortages and labour unrest, according to... 

Mali says gold mining revenues increased 14% in 2016

By: Reuters     22nd November 2017 Gold mining revenues in Mali increased by 14% in 2016 to 280-billion CFA francs ($505-million), Mines Minister Tiemoko Sangare said on Tuesday, revising an earlier estimate. Earnings in 2015 amounted to 245-billion CFA francs. 

Great Barrier Reef pitched against coal jobs in Queensland vote

By: Bloomberg     21st November 2017 The fate of Adani Group’s A$16.5-billion Australian coal mine hinges on weekend elections in Queensland state, as voters weigh the promise of new jobs against a potential environmental threat to the Great Barrier Reef. The Labor government has vowed to reject A$900-million in federal funding for... 

Reunert delivers double-digit growth for FY17

By: Natasha Odendaal     21st November 2017 A strong second half of the year pushed JSE-listed Reunert onto a double-digit growth trajectory for the full financial year ended September 30. The group on Tuesday posted a 14% rise in operating profit to R1.5-billion and a 19% surge in profit to R1.1-billion for the year under review. 

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... 

Copper's big meh shows Chile's commodity crown is slipping

By: Bloomberg     21st November 2017 There was a time when a sneeze in Santiago would cause the global copper market to catch a cold. Not any more. The first round of Chilean presidential elections Sunday delivered a surprisingly weak result to frontrunner Sebastian Pinera, a conservative billionaire running on a fiscal... 

Egypt, Ethiopia deadlocked on dam studies

By: African News Agency      20th November 2017 Egypt and Ethiopia have reached a deadlock in further studies on the effects of the Ethiopian Grand Renaissance Dam (GERD) on downstream countries, Egyptian Al Ahram newspaper reports. This information was conveyed by Egyptian Foreign Minister Sameh Shoukry to US Secretary of State Rex Tillerson... 

Ford investing R3bn to expand Ranger production in Silverton

By: Irma Venter     17th November 2017 Ford Motor Company of Southern Africa (FMCSA) is investing R3-billion ($220-million) in expanding Ranger production at its Silverton plant, in Pretoria. The plant builds the Everest sports-utility vehicle and Ranger pickup, with the latter exported to 148 markets. 

Shipments of SA sugar resume after storm-related repairs to terminal

By: Victor Moolman     17th November 2017 A shipment of 31 000 t of bulk raw sugar was dispatched to London, in the UK, from Durban’s Maydon Wharf, in South Africa, earlier this month. This shipment aboard the cargo ship Centurius marks the third export of sugar to a European Union (EU) country after the instatement of the new Southern... 

Swazi Rail Link infrastructure project, Swaziland and South Africa

By: Sheila Barradas     17th November 2017 An expression of interest for the proposed cross-border Swazi Rail Link infrastructure project will be released to potential investors before the end of this year. 

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... 

ONGC remains committed to Venezuelan oil project

By: Ajoy K Das     16th November 2017 Despite a default in sovereign debt by Venezuela, Indian oil and gas major ONGC has clarified in a statement that it will continue implementation of the San Cristobel oilfield project, in the politically and economically embattled Latin American country. ONGC said this week that the November 2016... 

Trade conditions remain constrained in October

By: Natasha Odendaal     15th November 2017 The latest South Africa Chamber of Commerce and Industry (Sacci) Trade Conditions Survey shows that trade conditions remain constrained, with the October Trade Activity Index (TAI) still in negative territory at 46. The survey recorded a two-point month-on-month decline and a five-point... 

Manufacturing Indaba targets growth

     15th November 2017 The annual Manufacturing Indaba has its sights set on expansion and growing the current offering to manufacturers both from South Africa and from the SADC region. To support this growth strategy, the event has relocated to the Sandton Convention Centre, Sandton, to allow for added venue space to... 

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... 

Iron Road finds more takers for infrastructure

By: Esmarie Swanepoel     14th November 2017 Iron-ore developer Iron Road has inked a memorandum of understanding (MoU) with grain growers in South Australia to develop a grain terminal and export facility. The MoU was signed with a recently formed farmers cooperative EPCBH and would see Iron Road work collaboratively to establish a grains... 

Argentina seeks to overtake Chile in South America lithium race

By: Reuters     14th November 2017 The giant pools of turquoise water in the mountainous deserts of northwest Argentina shimmer in the sunlight like oases and for lithium miners like Australia's Orocobre, that is exactly what they are. The mid-cap miner is one of several lithium producers stepping up investment in Argentina amid... 

Caledonia’s Q3 production rises 7% y/y

By: Anine Kilian     13th November 2017 NYSE-, Aim- and TSX-listed Caledonia mining produced 14 396 oz of gold in the third quarter ended September 30, a 7% year-on-year increase. The higher production was primarily the result of higher grades and contributed to higher revenues and a substantial increase in profit.  

Tongaat Hulett lifts H1 earnings by 5%

By: Anine Kilian     13th November 2017 JSE-listed Tongaat Hulett’s headline earnings grew by nearly 5% year-on-year to R661-million for the six months ended September 30. Diluted headline earnings a share rose to 573.8c a share during the half year, compared with 546.7c in the prior comparable period. 

Aurizon confirms talks to buy Wicet coal terminal

By: Esmarie Swanepoel     13th November 2017 Australian freight rail operator Aurizon on Monday confirmed that it was in preliminary discussions to acquire the Wiggins Island coal export terminal (Wicet), in Queensland. Wicet is currently owned by a consortium of Australian and international resource companies, including Glencore and New... 

Botswana coal miner Minergy plans UK listing for 2018

By: Reuters     13th November 2017 Botswana coal producer Minergy plans to list in London next year to give it access to a pool of capital that it could tap at a later date to fund its expansion, it said on Friday. CEO Andre Boje told Reuters the company, which is already listed in Botswana, could look to raise around £700 000... 

Automotive skills centre a beacon of hope for empowering youth, industry

By: Dylan Slater     10th November 2017 The Automotive Industry Development Centre (AIDC) is essential to bridging the human resource development challenge in South Africa and the growth of an effective, competitive and sustainable industry, says Deputy President and permanent Human Resource Development Council of South Africa (HRDC)... 

AMSA lifts Q3 production, sales amid difficult trading environment

By: Megan van Wyngaardt     10th November 2017 ArcelorMittal South Africa (AMSA) increased its liquid steel production by 11.2%, or 125 000 t, in the third quarter ended September 30, despite tough trading conditions, owing to higher production at Saldanha Works as a result of the mini reline in the third quarter of last year. However, this... 

Upcoming energy event to showcase African project opportunities  

By: Simone Liedtke     10th November 2017 A key focus point of the African Energy Indaba (AEI) – which celebrates its ten-year milestone next year – is to provide access to project opportunities across the African continent. 

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... 

South African manufacturing declines, but could recuperate in new year

By: Megan van Wyngaardt     9th November 2017 Difficult trading conditions in the country are reflected in Statistics South Africa’s latest manufacturing numbers, with production having decreased by 1.6% year-on-year in September. However, Nedbank analysts said in a release that the latest set of production figures suggests that the economic... 

Gauteng moves from debate to action regarding transformation

By: Natasha Odendaal     9th November 2017 Gauteng Premier David Makhura on Thursday said South Africa’s most populous province was no longer just talking about pursuing radical socioeconomic transformation, but had already implemented strategies that would align the development of Gauteng with South Africa’s transformation imperatives.... 

Zimbabwe renames main airport after Mugabe, plans $153m upgrade

By: Reuters     9th November 2017 Zimbabwe will upgrade its main airport at a cost of $153-million in an effort to attract more visitors, state media reported on Thursday, as authorities renamed the airport in honour of 93-year-old President Robert Mugabe. Harare International Airport will from Thursday be known as Robert Mugabe... 

Exxaro, Transnet sign coal export transportation agreement 

     9th November 2017 From Creamer Media in Johannesburg, this is the Real Economy Report. Sashnee Moodley: Exxaro Resources has signed a ten-year coal export transportation agreement with Transnet, which will increase coal volumes from the Limpopo-based Waterberg region to the Richards Bay Coal Terminal, in... 

Omnia welcomes High Court finding on Foskor litigation

By: Megan van Wyngaardt     8th November 2017 The Pretoria High Court has dismissed phosphates and phosphoric acid producer Foskor’s appeal against chemical manufacturing company Omnia, with costs. Omnia on Wednesday said that the ongoing legal dispute, which started in 2014, was based on Foskor’s position as the sole producer of phosphoric... 

Business confidence remains stagnant in October

By: Anine Kilian     8th November 2017 With business confidence remaining virtually unchanged from September to October, South Africa is not in a position to take advantage of the improving global economic climate, according to the South African Chamber of Commerce and Industry (Sacci), which on Wednesday released its October 2017... 

Korab gets export capacity at Darwin

By: Esmarie Swanepoel     8th November 2017 Diversified explorer Korab Resources has inked a non-binding heads of agreement (HoA) with the Darwin Port operator to export some 500 000 t/y of magnesite rock through the port. The HoA included sub-leasing of the land, access to various port facilities, the use of loaders and other equipment,... 

Manufacturing in the Western Cape and the potential for Intra Africa Trade

     7th November 2017 Manufacturing is the second biggest sector in the Western Cape and contributes about 15% to the South African manufacturing sector output. The province’s agro-processing sector has shown resilience during these tough economic times, and its renewables and green tech industries have received... 

Ford invests R3bn to expand Ranger production, build Raptor locally

By: Irma Venter     3rd November 2017 Ford Motor Company of Southern Africa (FMCSA) is investing R3-billion ($220-million) in expanding Ranger production at its Silverton plant, in Pretoria. The plant builds the Everest sports-utility vehicle and Ranger pickup, with the latter exported to 148 markets. 

Afrimat continues ramp-up of new iron-ore asset Diro

By: Natasha Odendaal     2nd November 2017 Industrial minerals, commodities and construction materials group Afrimat has successfully recommissioned its recently acquired iron-ore play, with full production on track for March. The acquisition of the distressed small iron-ore mine, Diro, in the Northern Cape, had marked a new phase of... 

Japan's steelmakers in rare sweet spot, but Kobe Steel may miss out

By: Reuters     1st November 2017 Japan's steelmakers are in the midst of the best market conditions in at least three years as steel prices rise with construction in full swing for the 2020 Olympics in Tokyo and automakers boosting production. But the country's third-biggest steelmaker, Kobe Steel Ltd , is likely to be left out... 

Wheatstone ships first LNG

By: Esmarie Swanepoel     1st November 2017 US oil major Chevron has shipped the first liquefied natural gas (LNG) from the Wheatstone project, in Western Australia, to customers in Japan. “The first shipment of LNG from the Wheatstone project signifies our commitment to be a safe and reliable long-term supplier of cleaner-burning natural... 

Russia's Norilsk launches copper and gold mine near Chinese border

By: Reuters     31st October 2017 Russia's Norilsk Nickel launched a greenfield copper, iron and gold mine in the country's remote Far East on Tuesday, the company said. The Bystrinsky project, some 400 km by rail from the Chinese border in the Siberian region of Chita, plans to export its production to China, the world's top... 

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