R/€ = 14.72 Change: 0.00
R/$ = 11.98 Change: 0.00
Au 1314.11 $/oz Change: -3.86
Pt 948.00 $/oz Change: -8.60


African Rainbow Minerals ups earnings, declares dividend

By: Martin Creamer     16th March 2018 Diversified black-led mining company African Rainbow Minerals (ARM) on Friday announced a 15% increase in headline earnings for the six months to December 31 to R1 945 million. This increase was mainly as a result of improved headline earnings from the manganese division, ARM Coal, Modikwa... 

Relaxed export, production quotas an 'inflection point' for Chile's lithium industry

By: Henry Lazenby     16th March 2018 In the days following conservative billionaire Sebastian Pinera being sworn in as president of Chile for a second term on Sunday, the new government is signalling a more relaxed approach to the hot-button issue of lithium production and exports. This week's announcement that the Chilean Nuclear... 

Food manufacturer expands into packaging

By: Melissa Zisengwe     16th March 2018 With over 15 years in the food and beverage industry, food manufacturing company Trojan Foods has expanded into packaging services in response to the increased demand for specialised packaging solutions in the industry. 

Aerosud Aviation warns of tough times for the South African aerospace industry

By: Rebecca Campbell     16th March 2018 South Africa’s largest private-sector commercial aviation aerostructures manufacturing company, Aerosud Aviation (a wholly-owned subsidiary of Aerosud Holdings), warns that the local aerospace industry is going through tough times and is not receiving the kind of support that competitors in other... 

Free State natural gas project, South Africa

By: Sheila Barradas     16th March 2018 Renergen expects to become a significant global producer of helium when its Virginia project starts production in 2019. 

Zimbabwe's coal output set to quadruple as investors arrive

By: Reuters     15th March 2018 Zimbabwe has attracted around $300-million in its coal industry that will quadruple production next year versus 2017, its Mining Minister told an investment conference in London on Thursday. The country, which says its abundant mineral resources include more than 40 exploitable minerals, is... 

Metair aims to almost double gigawatt hours capacity in the next three years

By: Irma Venter     15th March 2018 Energy storage and automotive component manufacturer Metair is gearing up to become a multiple-site giga factory, in an effort to reap the benefits from the rapid increase in battery use in the automotive, telecoms, utility, mining, retail and materials-handling sectors. “We have made good... 

Kazungula Bridge set to open corridor between Zambia, Botswana

By: African News Agency      14th March 2018 The Kazungula Bridge project is set to open up the transport corridor between Zambia and Botswana, a move which will see Zimbabwe lose out on transit revenue. The project is being carried out with partial financial assistance from the African Development Bank (AfDB). The primary objective of the... 

China's EximBank approves $1.3bn for Guinea hydro plant

By: Reuters     14th March 2018 China's EximBank has approved $1.3-billion in financing for a 450 MW hydroelectric plant in Guinea that the West African country's government hopes will allow it to export electricity to neighbouring countries. State-owned EximBank first agreed to fund construction of the Souapiti dam, about 50... 

McGowan announces LNG jobs taskforce

By: Esmarie Swanepoel     14th March 2018 The Western Australian state government has established a dedicated taskforce focused on the liquefied natural gas (LNG) sector. Premier Mark McGowan on Wednesday used the Australasian Oil and Gas expo, in Perth, to announce the establishment of the jobs taskforce, which will be focused on... 

Russian coal miner SUEK raises $1bn syndicated loan – Interfax

By: Reuters     13th March 2018 Russian coal miner SUEK said on Tuesday it raised a $1-billion syndicated loan, Interfax reported citing a company statement. "The loan with a five-year maturity date is secured by the group's export earnings," it said. 

South Africa to become eighth country to export helium by 2019 – Renergen

By: Marleny Arnoldi     12th March 2018 Alternative and renewable energy investment firm Renergen expects to become a significant global producer of helium when its Virginia project starts production in 2019.  

Confidence in agriculture ticks up, but land expropriation yet to weigh in

By: Megan van Wyngaardt     12th March 2018 The Agbiz/IDC Agribusiness Confidence Index for the first quarter painted an encouraging picture of the South African agricultural sector, as it improved by nine points to 58, after declining to levels below the 50-point mark in the last quarter of 2017. The survey, which was conducted between... 

South Africa commits to new continental trade agreement

By: Megan van Wyngaardt     12th March 2018 The African Ministers of Trade (Amot) last week considered and approved – for submission to the extraordinary summit of the African Union (AU) Heads of State and Government – an agreement establishing the African Continental Free Trade Area (AfCFTA), as well as the protocols on trade in goods and... 

Atlas adds manganese to shipping mix as part of diversification strategy

By: Esmarie Swanepoel     12th March 2018 Iron-ore miner Atlas Iron has moved to affect its diversification strategy, finalising a manganese export agreement that will see the company export first product through the Utah Point within the next month. Some 100 000 t of manganese will be mined and crushed on a campaign basis by... 

Australia’s offshore exploration activity at 14-year low

By: Esmarie Swanepoel     12th March 2018 The Australian Petroleum Production and Exploration Association (Appea) has warned that the stalled oil and gas exploration in Australia could prove an economic risk. Using the latest data by the Australian Bureau of Statistics (ABS), which indicated that the slump in petroleum exploration in... 

Australian Minerals Council backs TPP

By: Esmarie Swanepoel     12th March 2018 The Minerals Council of Australia (MCA) has again lobbied for the Trans-Pacific Partnership (TPP), joining nine other national industry groups in issuing a policy brief setting out the reasons Australia should support the regional trade agreement. The TPP, which was signed by Trade Ministers... 

South Africa to make tariffs submission as Trump leaves door open for exclusions

By: Terence Creamer     9th March 2018 The Department of Trade and Industry (DTI) says it is studying US President Donald Trump’s proclamations to impose a new 10% tariff on aluminium products and a new 25% tariff on steel products from March 23. However, the department also confirmed that it would be making a formal submission to the... 

Tribunal approves Sinopec’s $900m acquisition of Chevron SA with conditions

By: Nadine James     9th March 2018 The Competition Tribunal has approved Hong Kong-based Sinopec’s proposed $900-million acquisition of a 75% interest in Chevron South Africa (CSA), subject to a range of employment, investment and other public interest conditions. Sinopec and CSA had tendered a set of proposed conditions, which... 

Tanzania grants Magnis approval to operate graphite processing plant

By: Megan van Wyngaardt     9th March 2018 Tanzania has granted Australia’s Magnis Resources approval for a graphite processing plant in a designated special economic zone (SEZ) to process graphite mined from the Nachu mine. The SEZ is under the jurisdiction of the Department of Industry, Trade and Investment, and is not subject to the... 

RS Components adds pocket-sized 20 MHz oscilloscope to RS Pro range

     9th March 2018 New RS Pro 2205A-20 provides full-featured oscilloscope performance in a compact, low-cost package RS Components (RS), the trading brand of Electrocomponents plc, the global distributor for engineers, has introduced an ultra-compact oscilloscope that has a footprint approximately the size of a... 

Transnet rejects claim of no significant mining-linked rail and port investment in 15 years

     9th March 2018 Anglo American South Africa deputy chairperson Norman Mbazima argues that a revitalisation of South Africa’s rail and port networks will be key to ensuring a recovery in mining investment. Speaking at the Investing in African Mining Indaba, he lamented that he had not seen any significant rail... 

Local content key to safeguarding components industry amid powertrain revolution

By: Irma Venter     9th March 2018 The global automotive industry is facing the rapid development of new powertrain technologies, such as electric and hydrogen vehicles, eager to displace the internal combustion engine (ICE), which has powered the industry for more than a century. The local automotive manufacturing industry is... 

Local content key to safeguarding components industry amid powertrain revolution

By: Irma Venter     9th March 2018 The global automotive industry is facing the rapid development of new power-train technologies, such as electric and hydrogen vehicles, eager to displace the internal combustion engine (ICE) that has powered the industry for more than a century. The local automotive manufacturing industry is... 

Standard rail network can foster intercountry trade

By: Melissa Zisengwe     9th March 2018 Linking African countries with a standard rail network will assist in growing inter-country trade and, subsequently, foster Africa’s economic growth, says engineering consultancy WSP Africa Group. 

New Cabinet appointments

By: Terry Mackenzie-hoy     9th March 2018 When I worked for State-owned power utility Eskom, the top position went to either to engineer or an accountant, often turn by turn. When the engineer was in charge, the system was solid and reliable and we had all the smart and cool stuff we needed. When the accountants were in charge, the... 

Exxaro negotiating new business opportunities beyond mining 

By: Martin Creamer     8th March 2018 While retaining coal as its bedrock, Exxaro Resources has begun taking steps that will take the company beyond coal and even beyond mining, Exxaro CEO Mxolisi Mgojo said on Thursday. But this is all taking place while Exxaro continues to invest heavily in its long-term coal-mining business, which... 

Swedish court rules in favour of Boliden in Chile waste export case

By: Reuters     8th March 2018 A Swedish court ruled in favour of mining company Boliden in a civil case on Thursday, where the company had been sued over the export of industrial waste to Chile in the 1980s. In the case between Boliden and around 800 people in the Chilean city of Arica, Boliden had been sued for around... 

As coal use wanes, US miners depend on foreign buyers, steel  

By: Bloomberg     8th March 2018 It keeps getting harder to sell coal in the US US miners are forecast to cut production 4.7% in 2018 as electricity generators shift increasingly to natural gas and renewable energy, according to the US Energy Information Administration. The expected total of 736.3 million short tons would be the... 

TerraCom to commission dedicated Blair Athol train loading facility this month

By: Mariaan Webb     8th March 2018 Coal miner TerraCom expects to commission its dedicated train loading facility at the Blair Athol coal mine, in the Bowen basin of Queensland, later this month. The mine, which TerraCom bought last year for $1 from Rio Tinto, will benefit substantially from the load-out facility, with the company... 

Exxaro operations generate 23% more cash, one fatality

By: Martin Creamer     8th March 2018 Cash of R6.8-billion generated by the operations of Exxaro Resources was 23% higher in the 12 months to December 31, when net operating profit increased by 17% to R6.1-billion. Revenue rose 9% to R22.8-billion buoyed by the coal business, which benefitted from higher selling prices and volumes. 

Kazakh miner ERG revives sale of Congo copper mine – sources

By: Reuters     7th March 2018 Debt-laden Kazakh miner Eurasian Resources Group (ERG) has revived efforts to sell its Frontier copper mine in Democratic Republic of Congo (DRC) despite a drop in valuation to about $400-million, two banking sources said. The company, which is working with VTB Capital and Rothschild to spin off... 

Sacci reports sustained levels of business confidence for February

By: Marleny Arnoldi     7th March 2018 The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) for February showed that the improvement in business confidence was sustained, with the index reaching 98.9 points – 3.4 index points higher than in February 2017.  

AECOM powers grid inter-connection in the African energy sector

By: Creamer Media Reporter      7th March 2018 AECOM's extensive experience in this regard includes its involvement with the 2 000 km regional power interconnector project that will link the Zambian, Tanzanian, and Kenyan (ZTK) electricity grids. Not only will this boost power generation and distribution within the SAPP and EAPP,  it is also... 

Energy execs says tariff gambit could hit shale, LNG project costs

By: Reuters     7th March 2018 Energy executives say the Trump administration's proposed steel and aluminum tariffs could bump up the cost of big-ticket projects needed for rapidly rising US shale oil and gas output by three to 10%. Higher construction costs could slow growth in production and exports of crude and natural gas... 

Columbus aims to export competitively, while growing local market consumption

By: Simone Liedtke     6th March 2018 Columbus Stainless is positioned well to export competitively to the international market, while remaining committed to growing domestic demand for stainless steel. With market consumption of about 120 000 t/y of flat production, CEO Lucien Matthews says South Africa is the largest consumer of... 

South African steel, aluminum firms watchful, but not overly anxious, as US tariff hikes loom

By: Terence Creamer     6th March 2018 South African steel and aluminium firms remain watchful and uncertain about the effects that a proposed increased US trade protection will have. However, the companies also indicate that they will seek to mitigate the risk through export diversification, as well as a continued focus on markets... 

UK dept earmarks £21.4bn for African infrastructure development

By: Marleny Arnoldi     6th March 2018 The UK’s Department of International Trade (DIT) is pledging funding for infrastructure development in Africa, including £4-billion in South Africa, £1-billion in Kenya and £750-million in Nigeria, through export credit agency, UK Export Finance (Ukef).  

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