http://www.engineeringnews.co.za
R/€ = 14.55 Change: 0.01
R/$ = 12.50 Change: 0.00
Au 1301.61 $/oz Change: -2.13
Pt 901.50 $/oz Change: -9.36
 

Topic

African Open Skies plan putting cart before horse – Nigerian airlines

By: Rebecca Campbell     24th May 2018 Nigerian airlines are not enthusiastic about any rapid implementation of the Single African Air Traffic Market (SAATM). This was made clear at the 27th Annual African Aviation Summit (Air Finance Africa) by national industry association Airline Operators of Nigeria CEO Noggie Meggasin on... 

465 TWh of renewable energy sourced by companies in 2017 – Irena

By: Simone Liedtke     24th May 2018 Companies in 75 countries actively sourced 465 TWh of renewable energy in 2017, an amount close to the overall electricity demand of France, a new report by the International Renewable Energy Agency (Irena) states. With the continued decline in the costs of renewables, the report suggests that... 

Eskom business-model review aimed at lowering utility’s risk to fiscus

By: Terence Creamer     24th May 2018 Public Enterprises Minister Pravin Gordhan has confirmed that the business model of power utility Eskom is up for discussion as government seeks to reduce the fiscal risk currently posed by utility and to reposition the State-owned enterprise (SoE) for future sustainability. On his eighty-sixth... 

Euro Sun says Rovina Valley mining licence working its way through Romania govt

By: Henry Lazenby     24th May 2018 TSX-listed project developer Euro Sun Mining reported on Wednesday that the mining licence for its flagship Rovina Valley copper/gold project, in Romania, is working its way through government, with the National Agency for Mineral Resources and the Secretary General of Government (SGG) having... 

AfDB, Korea agree to partner on Korea-Africa Energy Investment Facility

By: Simone Liedtke     23rd May 2018 The government of Korea and the African Development Bank (AfDB) have signed a letter of intent to launch the Korea–Africa Energy Investment Facility (KEIF), which will provide significant support to the New Deal on Energy for Africa, which aims to achieve universal access to energy.  The signing,... 

Telecom Egypt bags $200m financing facility to buy undersea Internet cable

By: African News Agency      23rd May 2018 The African Export-Import Bank (Afreximbank) said on Wednesday that it will commit up to $200-million to Telecom Egypt (TE) in a bid to enable the telecommunication company finance working capital and investments in its infrastructure. The agreement for the short-term dual tranche facility would... 

Petropavlovsk mulling over options to avoid IRC missing ICBC payment

By: Creamer Media Reporter      23rd May 2018 Gold miner Petropavlovsk and Hong Kong-based IRC, in which it is a large shareholder, are continuing negotiations with the Industrial and Commercial Bank of China (ICBC) to amend the repayment schedule of a $340-million project finance facility. Petropavlovsk is the guarantor of the project... 

Uganda reviving its civil aviation sector

By: Rebecca Campbell     23rd May 2018 The East African country of Uganda is undertaking a major programme to upgrade and expand its civil aviation sector in all respects, including the recreation of a national airline. This was highlighted by Ugandan Minister of State for Transport Aggrey Henry Bagiire at the 27th African Aviation... 

SAA CEO suggests business rescue will bring little benefit to airline

By: Rebecca Campbell     23rd May 2018 South African Airways (SAA) CEO Vuyani Jarana is of the opinion that placing the airline under business rescue would not lead to a radically different recovery plan for the deeply indebted and heavy loss-making national carrier. He was answering a question from FlightComm editor and aviation... 

‘Movement’ key to economic growth – report

By: Anine Kilian     23rd May 2018 Investing in transport, logistics and infrastructure to improve the movement of goods is a key driver of economic growth, the ‘Avis Van Rental Movement Report 2018’ reveals. Unpacking key report findings at the launch in Midrand, on Tuesday, Avis Movement Southern Africa commercial vehicles... 

Water dept commits to doing more with less as Nkwinti presents R15.6bn budget

By: Natasha Odendaal     22nd May 2018 The Department of Water and Sanitation (DWS) is working to “achieve more with less”, with Water and Sanitation Minister Gugile Nkwinti having presented a R15.57-billion budget for 2018/19 on Tuesday. Historical commitments not adequately budgeted for, budgetary constraints influenced by... 

Supply Chain The New Weak Link In Business Security As Ransomware Attacks Increase According To Dimension Data

22nd May 2018 Cyber-criminals are turning their attention to the supply chain as a new means to exploit business data 17 May 2018 – 2017 saw a worrying increase in ransomware and other cyberattacks targeting the supply chain, with the business and professional services sector receiving a significant increase... 

Nene says outlook for tax revenues unchanged

By: Reuters     22nd May 2018 Finance Minister Nhlanhla Nene said on Tuesday that the outlook for tax revenues remain unchanged, in a blow to the chances of reducing the budget deficit. Nene made the comments in parliament. 

AfDB, Unido sign MoU to improve Africa’s industrialisation

By: Marleny Arnoldi     21st May 2018 The African Development Bank (AfDB) and the United Nations Industrial Development Organisation (Unido) have signed a memorandum of understanding (MoU) to step up collaboration that will boost Africa’s industrialisation. 

AECOM debates the impact of EIAs in project development at IAIA18

21st May 2018 Integrated infrastructure development company AECOM had a major presence at the 38th annual conference of the International Association for Impact Assessment, IAIA18, held from 16 to 19 May at the Durban International Convention Centre. Billed as the international environment conference of the... 

Threat of cobalt supply shock is top risk for electric vehicles

By: Bloomberg     21st May 2018 A burgeoning risk of a supply crunch in cobalt – a key battery metal that’s more than tripled in price in two years – poses one of the biggest threats to forecasts for rising electric vehicle adoption. Major investment in mines is required to avoid price spikes that could see cost reductions for... 

Pallinghurst sells 56% of carats on offer at Zambia auction

By: Simone Liedtke     21st May 2018 JSE-listed Pallinghurst Resources, which owns 100% of Gemfields, has sold 56% of the carats on offer at an auction of higher-quality rough emeralds held in Lusaka, Zambia. The auction, which took place earlier this month, saw 31 companies placing bids and generated revenue of $10.3-million, with... 

CAMINEX 2018 to provide latest product showcase and free seminars

21st May 2018 CAMINEX, Zambia’s premier Copperbelt agricultural, mining and industrial trade expo, will be taking place at the Kitwe Showgrounds in Kitwe, Zambia, from 5-7 June, and will be showcasing the latest in products, machinery, technologies and services that these and related industries can offer. An... 

Pioneer Foods achieves credible interim performance

By: Simone Liedtke     21st May 2018 JSE-listed Pioneer Foods achieved a credible performance for the six months ended March 31, with total sales volumes up 4% year-on-year and revenue up 3% year-on-year to R9.9-billion. Mainly as a result of volume growth and the normalisation of the maize procurement position, the company’s gross... 

Intrepid looks at new options for Kitumba as Weatherly deal lapses

By: Esmarie Swanepoel     21st May 2018 ASX-listed Intrepid Mines on Monday said that it was considering alternative options for its Zambian assets, given the current copper price environment. The announcement comes after the Zambian Ministry of Mines and Minerals Development’s conditional approval for the sale of Intrepid’s Zambian... 

Small modular reactors offer great promise but face major challenges

By: Rebecca Campbell     18th May 2018 Worldwide, there is significant interest in the development of small and medium modular reactors (SMRs). “At the moment there are 11 countries developing about 50 SMR designs and four units are under construction or have a certified design,” said University of Pretoria Mechanical and Aeronautical... 

Innosun’s Namibian Wind Farm Lifted By Johnson Renew

18th May 2018 The Ombepo Wind Farm, the first wind farm to be constructed in Namibia, is situated just outside Luderitz, Southern Namibia and is designed to inject 5 MW into the national grid managed by NamPower, the national utility. The wind farm was built by InnoSun Energy Holdings (Pty) Ltd who secured the... 

Rio-Carb appoints new Finance Manager to oversee its diversification

18th May 2018 Wear-engineering specialist Rio-Carb from Alrode in Johannesburg has appointed Iwan Pretorius as its new Financial Manager, with immediate effect. Pretorius has a BA (Psychology) from the University of Johannesburg and a BCompt (Accounting) from Unisa. He received his accreditation from the South... 

Nuclear: “many studies have shown it is the cheapest of all energies”

18th May 2018 South Africans were never informed properly that nuclear power is not as expensive as it is made out to be, a nuclear energy expert said Thursday.

Nuclear energy expert Des Muller dismissed these and other concerns as “propaganda”. He refuted the cost issue but also took aim at corruption... 

‘Water must be paid for’ should become 11th commandment - African Utility Week water pricing discussion

18th May 2018 Written by Alicestine October 
If ever there is an eleventh commandment, it should be “water must be paid for”, delegates were told on the last day of the African Utility Week. 

Learning opportunity on mining training’s competitive edge 

By: Martin Creamer     18th May 2018 The objective of the impressive Murray & Roberts Training Academy in Carletonville is to make mining workplaces safer, more productive, technically proficient and values driven. 

Centerra sells royalty portfolio, Kemess silver stream for $200m

By: Henry Lazenby     17th May 2018 Canadian gold miner Centerra Gold has agreed to sell its royalty portfolio and silver stream on the Kemess project, in British Columbia, to Triple Flag Mining Finance Bermuda for $200-million. The royalty sale comprises the sale of subsidiary AuRico Metals’ (AMI’s) royalty portfolio, together... 

Russia's Alrosa may buy diamond polisher Kristall in 2018 - Finance Ministry

By: Reuters     17th May 2018 Russian diamond miner Alrosa may buy State-owned diamond polisher Kristall in 2018, Russia's Deputy Finance Minister Alexei Moiseev said on Thursday. Alrosa, the world's largest rough diamond producer by output, said previously it was "expedient" for it to buy Kristall when the state-owned... 

Aspen secures €3.4bn credit line

By: Reuters     17th May 2018 Aspen Pharmacare, Africa's biggest generic drugmaker, said on Thursday it had secured a €3.4-billion ($4-billion) credit facility for refinancing debt at three of its subsidiaries. Aspen, which has operations in 50 countries, said the facilities were 70 percent oversubscribed and would be used... 

Congo billionaire seeks French loan to develop iron-ore railway

By: Bloomberg     17th May 2018 Paul Obambi, a billionaire investor in the Congo Republic, is in talks with French lenders to fund a railway he’s building to export iron-ore. Obambi’s company Sapro SA is negotiating with “a consortium of banks” to finance the 450-km track that will link the southwestern town of Mayoko to a... 

Kenya banks on nuclear energy to sustain manufacturing, build the economy

By: Kim Cloete     17th May 2018 Kenya hopes to grow its economy and boost manufacturing after building nuclear power plants, a Kenyan academic has told African Utility Week in Cape Town. "We envisage we will become a middle-income industrial country by 2030. With nuclear coming onboard, that will gave us baseload which will... 

Poynting looks to the rest of Africa as it continues to expand globally

By: Irma Venter     17th May 2018 Johannesburg-based Poynting Group is seeking to expand its business to the rest of the Africa, says CEO Michael Howard. Poynting is already well known outside Africa, with 50% of its revenue flowing from Europe, the US, Australia and Scandinavia. Manufacturing is based in Midrand and China, with... 

Zuma's presidency was a total disaster – Trevor Manuel

By: News24Wire      17th May 2018 The presidency of Jacob Zuma was a total disaster for South Africa, former finance minister Trevor Manuel said on Wednesday night. "I make no apologies for sharing my view that the presidency of Jacob Zuma was a total disaster for South Africa," said Manuel. Manuel delivered the keynote address... 

Trump said to mull 2015 grid emergency law to save coal plants

By: Bloomberg     16th May 2018 The Trump administration is weighing a broad array of strategies for keeping coal and nuclear power plants online as a matter of national security, with options ranging from invoking a 68-year-old law to a three-year-old one, according to a senior Energy Department official. Members of the... 

Mohammed Mahomedy appointed interim CFO at Transnet

By: Creamer Media Reporter      16th May 2018 Mohammed Mahomedy has been appointed as Transnet’s interim CFO, effective May 15. He is a chartered accountant and, over his 12 years of service at Transnet, has led key strategic portfolios within finance. Before being appointed interim CFO, he was GM Finance at Transnet Group Capital. He also... 

SAA briefing to Parliament cancelled after political parties clash

By: African News Agency      16th May 2018 A briefing by South African Airways (SAA) to Parliament's finance committee was called off on Wednesday after MPs from the ruling African National Congress (ANC) and the Democratic Alliance (DA) clashed on whether the meeting should be closed to the public. Acting finance committee chairperson... 

South Africa issues $2bn bonds in global markets – National Treasury

By: African News Agency      16th May 2018 South Africa on Tuesday successfully placed $2 billion in notes maturing in 2030 and 2048 in the international capital markets, the National Treasury said on Wednesday. The Treasury said the total issuance consisted of $1.4 billion on the 12-year tranche and $600-million on the 30-year paper. The... 

Avanco a step closer to Pedra Branca

By: Esmarie Swanepoel     16th May 2018 Takeover target Avanco is one step closer to the grant of a provisional environmental licence for its Pedra Branca copper project, in Brazil, following a successful public hearing. The company on Wednesday reported that no objections were recorded at the public hearing, which indicated a strong... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close