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Afrimat Construction Index takes a dip in the second quarter of 2017, but prospects seem poised to improve

     Updated 23 minutes ago Afrimat, a leading open pit mining company providing industrial minerals and construction materials, has released the findings of the third Afrimat Construction Index (“ACI”) for the second quarter of 2017. The ACI is a composite index of the level of activity within the building and construction... 

More British funds for trade with South Africa and renewed bilateral commitment to post-Brexit trade

By: Keith Campbell     20th September 2017 British International Trade Secretary (equivalent to Minister in South Africa) Dr Liam Fox announced in Pretoria on Wednesday that his country’s export credit agency, UK Export Finance, has increased the funds available to South African enterprises buying British goods and to British companies... 

‘Rebasing’ for lower Eskom sales to trigger 9.4% hike even before any revenue adjustment 

By: Terence Creamer     20th September 2017 State-owned electricity utility Eskom has sounded that warning that, even if its allowable revenue is not increased at all for the 2018/19 year, tariffs will still need to rise by 9.4% simply to accommodate a “rebasing” electricity sales volumes when compared with those approved in the third... 

Building prospects in doldrums despite slight confidence uptick

By: News24Wire      19th September 2017 Sixty percent of respondents in a recent survey indicated that they are not happy with current business conditions. After declining by 11 points in the second quarter of 2017, the FNB/BER Building Confidence Index improved by 3 index points to 35 in the third quarter of the year. The uptick was... 

World Bank blames lack of innovation for South Africa’s dismal productivity performance 

By: Terence Creamer     19th September 2017 The World Bank’s tenth and latest South Africa Economic Update points to serious weaknesses in the area of domestic innovation, which it says lies at the heart of a worrying divergence in the country’s productivity performance when compared with both advanced economies and the country’s Brics... 

London's black cabs going electric spurs aluminium restart

By: Bloomberg     18th September 2017 London’s black cabs going electric shows the new wave of automobile technology is already reshaping the metals industry. After being closed for three years due to a weak market, Sapa SA’s aluminium plant in south Wales will reopen this week to supply lightweight parts for automakers such as... 

Research consortium to spend A$14.6m on South Australian copper

By: Esmarie Swanepoel     18th September 2017 he South Australian government will spend A$4-million over the next four years on a research consortium, led by the University of Adelaide, to develop advanced technologies to boost copper production and to develop a globally competitive mining technology services sector. The University of... 

Tanzania charges officials with economic sabotage over seized diamonds

By: Reuters     18th September 2017 Tanzanian prosecutors charged two government officials on Friday with economic sabotage after they were accused of undervaluing an export-bound consignment of diamonds seized from a mine majority owned by London-listed Petra Diamonds. Archard Kalugendo, director of the State-run diamond and... 

TFTA negotiations to conclude by end 2017

By: Schalk Burger     15th September 2017 Facilitated by the Tripartite Free Trade Area (TFTA), market-access negotiations between the Southern African Customs Union (Sacu) and the East African Community (EAC) will conclude by the end of 2017, enabling the regions to benefit from intra-regional trade as soon as possible. The primary aim... 

New study points to 90% renewables mix being least cost by 2050 

By: Terence Creamer     15th September 2017 New analysis conducted using updated cost assumptions for solar photovoltaic (PV), onshore wind and batteries shows that the share of renewable energy in an electricity mix that would also be the least cost for South Africa could grow to above 90% by 2050. Such a portfolio, the study indicates,... 

IDC confident BAIC’s Coega plant will begin production in mid-2018

By: Irma Venter     15th September 2017 It has been a year since Chinese vehicle manufacturer Beijing Automotive Group (BAIC) and South Africa’s Industrial Development Corporation (IDC) broke ground on a new vehicle assembly plant in the Coega Industrial Development Zone (IDZ), near Port Elizabeth. BAIC is the major shareholder in the... 

South African munitions company to make major investments

By: Keith Campbell     15th September 2017 Rheinmetall Denel Munition (RDM) will invest R550-million over the next three years to modernise its production facilities to the latest standards, introduce state-of-the-art processes and to increase its capacity, company CEO Norbert Schulze tells “Engineering News”. “We will likely recruit... 

Xinavene sugar mill refinery project, Mozambique

By: Sheila Barradas     15th September 2017 Tongaat Hulett is building a refinery to convert brown sugar into white sugar. 

Coal market boom casts bullish trajectory for Corsa as it prowls for M&A ops

By: Henry Lazenby     14th September 2017 Surprising as it may seem, coal demand is at an all-time high, with the current heydays spelling “good profits and rising margins” for several miners in this space, including US-focused Corsa Coal. The TSX-V-listed miner, which produces coal from six mines, has one development mine and operates... 

Sizeable limonite find exposes Horizonte to burgeoning EV market

By: Samantha Herbst     14th September 2017 Brazil-focused nickel development company Horizonte Minerals on Thursday reported sizeable limonite mineral resources at its Araguaia nickel project, which exposes the Aim- and TSX-listed company to the fast-growing nickel/cobalt electric vehicle (EV) battery market. Limonite is treated to... 

Indonesia's Antam plans to apply for further 1.25Mt of nickel ore exports -Corp Sec

By: Reuters     14th September 2017 Indonesia's Aneka Tambang (Antam) plans to apply for an additional quota to export 1.25-million tonnes of nickel ore, on top of the 2.7-million tonnes already allocated to the state-owned miner, a company official said. "Now we are still completing documentation of the verification by an... 

Campaign for more diamond ads wins support from India's gem hub

By: Bloomberg     14th September 2017 The push for bigger diamond advertising campaigns and marketing to wealthy millennials has won support from a key part of the industry: India’s manufacturers and retailers. India’s Gem & Jewellery Export Promotion Council, which represents almost 6 000 diamond companies, has agreed to contribute... 

Congo govt's H1 mining revenues rise 9%, oil revenues up 140%

By: Reuters     12th September 2017 Democratic Republic of Congo collected $294.3-million in revenues from the mining sector in the first half of 2017, up 9% over the same period last year, the finance ministry said. The finance ministry also said in a quarterly report, seen by Reuters on Tuesday, that revenues collected from the... 

Demand for quality metals amplifying – ARM 

By: Martin Creamer     11th September 2017 Global climate change mitigation is amplifying the demand for good quality, low-impurity metals, which are being rewarded with high price premiums. There is a huge drive in China towards better quality, which will eventually use less energy and cause less pollution. (Also watch attached Creamer... 

Minister amends Efic mandate to support resource projects

By: Esmarie Swanepoel     11th September 2017 Federal Trade, Tourism and Investment Minister Steven Ciobo has mandated the Export Finance and Insurance Corporation (Efic) to support onshore resource and related infrastructure projects, in instances where there is a “demonstrated market gap” in the availability of private sector finance.... 

Tanzania says to nationalise diamond consignment seized from Petra Diamonds

By: Reuters     11th September 2017 Tanzania said on Saturday it planned to nationalise diamonds whose value it put at $29.5-million belonging to a mine majority owned by London-listed Petra Diamonds after it accused the miner of under-declaring its mineral exports. The diamonds were seized at the main airport in Tanzania's... 

US braces for Hurricane Irma as effects of Harvey still progress toward consumers

By: Henry Lazenby     9th September 2017 While the effects of Hurricane Harvey are still progressing downstream in the US oil and gas supply chain, progressing towards consumers, Hurricane Irma is threatening the US with another potential blow, with parts of the country already seeing a disruption of energy and chemical product... 

South African business delegation sets off for Russia

By: Natasha Odendaal     8th September 2017 A 20-member South African business delegation is heading to Russia next week to showcase their home-grown products and services at the 2017 World Food Moscow International Food Exhibition. Through its Export Marketing and Investment Assistance (EMIA) scheme, the Department of Trade and Industry... 

Port Hedland iron ore exports to China up 11% in August -Pilbara Ports

By: Reuters     8th September 2017 Iron-ore shipments to China from Australia's Port Hedland terminal rose 11% to 35.7-million tonnes from 32.03-million tonnes in July, port data released on Friday showed. Overall August iron-ore shipments from the world's biggest export terminal for the steelmaking raw material increased to... 

Nokeng mulling two or three more fluorspar mines by 2026 as huge shortage is predicted

By: Mia Breytenbach     8th September 2017 Following the breakthrough of opening the first new mine in Gauteng, South Africa, in the last 12 years, which is being developed by producer SepFluor’s wholly owned Nokeng fluorspar mine, the company aims to become vertically integrated in the fluorspar value chain in future. Fluorite ore is... 

South Africa’s export strategy aims to boost capacity for value-added goods, services trade

By: David Oliveira     8th September 2017 The Department of Trade and Industry’s (DTI’s) Integrated National Export Strategy (INES) aims to help improve the global competitiveness of South African exporters and tap the export-led economic growth benefits that have flowed to other developing countries in recent decades. The strategy was... 

First Quantum sells another precious metals stream on Cobre Panama

By: Henry Lazenby     8th September 2017 Canadian precious metals streaming firm Franco-Nevada has added another gold/silver stream on First Quantum’s massive $5.5-billion Cobre Panama project, in Panama. First Quantum intends to use the proceeds to partially fund its acquisition of a further 10% interest in Cobre Panama from one of its... 

BAIC vehicle manufacturing plant project, South Africa

By: Sheila Barradas     8th September 2017 It has been a year since the Beijing Automotive Group Corporation and the Industrial Development Corporation broke ground on a new vehicle assembly plant in the Coega Industrial Development Zone. 

Calcasieu Pass liquefied natural gas export facility project, US

By: Sheila Barradas     8th September 2017 The project is expected to produce ten-million tonnes of liquefied natural gas a year. 

Contract awarded for Kenya’s first expressway

By: John Muchira     8th September 2017 US company Bechtel International has been awarded the construction contract for Kenya’s first expressway, which has been dubbed one of the most important new pieces of infrastructure in the East African Community region. The 473 km high-speed expressway, connecting Nairobi, the country's capital,... 

Denel ends controversial Asia joint venture

By: Keith Campbell     8th September 2017 South Africa's State-owned Denel defence industrial group has exited the Denel Asia joint venture (JV) company. This was announced on by Denel acting Group CEO Zwelakhe Ntshepe, addressing the recent media briefing about the company's financial results, at the group's head office in Centurion,... 

Importing refined fuels quicker and more financially viable for Africa

By: Robyn Wilkinson     8th September 2017 Rather than focusing time and finances on establishing new oil refineries, African countries should enhance their focus on a niche market strength that will enable them to become competitive in a global market, accepting that the import and storage of refined fuels is a quicker and more... 

Kusile power plant project, South Africa

By: Sheila Barradas     8th September 2017 Unit 1 of Eskom’s Kusile power station has been brought into full production. 

SA’s export strategy aims to boost capacity for value-added goods, services trade

By: David Oliveira     8th September 2017 South Africa's Department of Trade and Industry's (DTI's) Integrated National Export Strategy (INES) to help improve the global competitiveness of South African exporters and tap the export-led economic growth benefits that have flowed to other developing countries in recent decades. The strategy... 

South African mining must be made globally competitive – Motsepe 

By: Martin Creamer     7th September 2017 All South Africans need to work together to ensure that the South African mining industry is a globally competitive investment destination, said African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe on Thursday, when he declared the black-controlled company’s highest-ever dividend.... 

TFR sets new monthly record for coal railed to RBCT

By: Creamer Media Reporter      7th September 2017 Transnet Freight Rail (TFR) has set a new record for coal railed to the Richards Bay Coal Terminal (RBCT), with 7.46-million tons transported to the export terminal in August. This compares with the previous record of 6.9-million tons. 

Santos supplies more gas to east coast

By: Esmarie Swanepoel     7th September 2017 Australian oil and gas major Santos on Thursday announced that it would supply a further 30 petajoules (PJ) of gas to the east coast domestic market between 2018 and 2019. The ASX-listed company reported that the gas, which would be sourced from the Gladstone liquefied natural gas (GLNG)... 

African Rainbow Minerals dividend payout soars to record level

By: Martin Creamer     7th September 2017 Diversified mining company African Rainbow Minerals (ARM), which saw its headline earnings soar in the 12 months to June 30, has catapulted its dividend to heady heights. The 189%-higher dividend of 650 cents a share is ARM’s highest dividend to date and the eleventh consecutive yearly dividend... 

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