R/€ = 14.73 Change: 0.31
R/$ = 13.80 Change: 0.30
Au 1177.50 $/oz Change: 2.00
Pt 933.00 $/oz Change: 0.00


Denel reports Umkhonto missile export programme now in its final stages

By: Keith Campbell     30th November 2016 South African State-owned defence industrial group Denel announced on Wednesday that extensive testing of the Denel Dynamics Umkhonto (“Spear”, in English) naval surface-to-air missile, for an export customer, will take place early next year. The Umkhonto forms part of the armament of two... 

Dragon readies third mine in Finland

By: Esmarie Swanepoel     25th November 2016 Gold miner Dragon Mining has been cleared to start operations at its third gold mine in Finland, following the receipt of permission to process ore from the new Kaapelinkulma mine at the Vammala plant. The Kaapelinkulma mine is some 65 km east of the Vammala plant, and the project is estimated... 

Finnish firm gets funding to commercialise AMD solution in SA

By: Dylan Slater     18th November 2016 Following the July launch of water treatment technology for the treatment of acid mine drainage (AMD) and industrial hazardous waste water in South Africa, Finland-based company Global EcoProcess Services Oy (Epse) has been granted funding by the Finnish Funding Agency for Innovation for the... 

Lithuania seeking trade partnership with South Africa

By: Keith Campbell     4th November 2016 The first ever trade mission to South Africa from Lithuania, although small, represented no fewer than six sectors of the latter country’s economy. The just-concluded mission is part of the small European country’s programme of diversifying its trade and investment partners and expanding into the... 

Trade relations from afar

By: Riaan de Lange     4th November 2016 It took Julie Gold, in her own words, “on the one hand, two hours to write and, on the other hand, 30 years to write”, in 1986, the most famous of songs. The song was first recorded by Nanci Griffith for her 1987 album, Lone Star State of Mind, but it only became a commercial success after Bette... 

National Nuclear Regulator building itself up to meet future challenges

By: Keith Campbell     21st October 2016 South Africa’s National Nuclear Regulator (NNR) is busy strengthening the country’s nuclear regulatory framework, in anticipation of the planned construction of a fleet of new nuclear power stations (NPPs). “As part of strengthening our capacity we recently launched a Centre for Nuclear Safety... 

Difficult partner search jeopardises Areva State rescue

By: Reuters     20th October 2016 French Areva is struggling to find a buyer for its new nuclear fuel unit, analysts and sources said, a key condition for the European Union to clear a State rescue package for the group, hit by years of losses. Experts say third-party investment would prove to the European Commission that the new... 

Acid mine water quick-fix possible as water deficit looms, Oppenheimer, De Beers told 

By: Martin Creamer     19th October 2016 Water-constrained Gauteng may see an acid mine drainage (AMD) quick-fix in order to save the fresh water from the Lesotho Highlands Water Project from being wasted on AMD dilution instead of being available to the economy, environmental adviser Dr Anthony Turton said on Wednesday. Delivering the... 

S African nuclear regulator building itself up to meet future challenges

By: Keith Campbell     5th October 2016 South Africa’s National Nuclear Regulator (NNR) is busy strengthening the country’s nuclear regulatory framework, in anticipation of the planned construction of a fleet of new nuclear power stations (NPPs). “As part of strengthening our capacity we recently launched a Centre for Nuclear Safety... 

FinnAust completes metallurgical testwork at Greenland project

By: Megan van Wyngaardt     4th October 2016 Successful second-stage metallurgical testwork at FinnAust Mining’s Pituffik titanium project, in Greenland, has demonstrated the mine’s potential to produce a gravity-separated concentrate that compares favourably against existing hard rock sources of ilmenite. FinnAust on Tuesday stated that... 

Sub-Saharan Africa must preserve innovation momentum – index

By: Megan van Wyngaardt     15th August 2016 The Global Innovation Index (GII) has ranked Mauritius as the most innovative economy in sub-Saharan Africa, above South Africa. Overall, however, the two countries placed fifty-third and fifty-fourth, with Switzerland in first place for a sixth consecutive year. The GII, published by Cornell... 

First Quantum sets new quarterly records for production, sales

By: David Oliveira     29th July 2016 Canadian base metals producer First Quantum Minerals (FQM) set a new quarterly record for copper production and sales of 131 349 t and 132 030 t, respectively, in the three months to June 30, surpassing previous records set in the first quarter of this year. The company’s Sentinel copper mine, in... 

South Africa struggling to manage the water crisis – Turton 

By: Anine Kilian     27th July 2016 Albeit a water-strained country, South Africa has one of the most diverse economies in the world for the ecosystem in which it is embedded, according to University of the Free State professor and water expert Dr Anthony Turton. Speaking at the ninth yearly Green Building Conference in Sandton,... 

E-commerce a $22tn market of opportunities – Unctad

By: Natasha Odendaal     18th July 2016 The United Nations Conference on Trade and Development (Unctad) has unveiled a new electronic commerce (e-commerce) initiative to assist emerging economies in leveraging the rapidly growing $22.1-trillion market. The global e-commerce market has increased 38% since 2013, with business-to-business... 

ICTSI Australia unit signs AUD398 million loan facility

     15th July 2016 Victoria International Container Terminal (VICT) signed a syndicated loan facility worth AUD 398 million (approximately USD 300 million) with seven leading global financial institutions, namely: Citibank N.A., KFW IPEX-Bank, Standard Chartered Bank as Mandated Lead Arrangers and Bookrunners, Bank... 

Biomass dust combustion plant project, Finland

By: Sheila Barradas     15th July 2016 The project entails the supply of a biomass dust combustion plant for Finnish utility company Seinäjoen Energia Oy. 

Savannah appoints two new board members

By: Natasha Odendaal     12th July 2016 Following a February placing that saw a privately owned investment fund become Aim-listed Savannah’s largest shareholding, two new board members have been appointed to represent the fund, Al Marjan. Al Marjan increased its shareholding to 29.99% after Savannah placed more than 98-million shares... 

Stainless steel in municipal applications has potential to save SA millions in water costs

     11th July 2016 Market developments in the international stainless steel industry have revealed the high value potential of using stainless steel piping in the service delivery of municipal water that can potentially save millions of Rands lost in leakage and filtration costs as well as see a reduction in the... 

Proposed tax on sugar-sweetened beverages published 

By: Tracy Hancock     8th July 2016 National Treasury published a policy paper and proposals on the taxation of sugar-sweetened beverages (SSBs) for public comment on Friday. The problem of obesity had grown over the past 30 years in South Africa, resulting in the country being ranked the most obese country in sub-Saharan Africa. 

Finns unveil acid mine water fix  

By: Martin Creamer     5th July 2016 A Finnish technology innovator on Tuesday unveiled a new and different solution to the problem of acid mine drainage (AMD). Global EcoProcess Services Oy (EPSE) provides a technology that extracts saleable metals from AMD and produces purified clean water. 

Plant-based packaging gains popularity

By: Sascha Solomons     1st July 2016 Food processing and packaging solutions provider Tetra Pak produced the world’s first package made entirely from plant materials, the Tetra Rex Bio-based, using a combination of Forest Stewardship Council-certified paperboard and certified bio-plastics materials. The company is expected to... 

Slow economic growth challenges local engineering industry

By: Sebastian Whyle     24th June 2016 Infrastructure projects, consulting and project management services provider Aecom Africa CEO Carlos Poñe tells Engineering News that low economic growth in South Africa is a major challenge for the consulting engineering industry.  

Savannah granted permits for Finland lithium projects

By: Anine Kilian     23rd June 2016 Aim-listed Savannah Resources has been granted reservation permits over two new lithium projects, Somero and Eräjärvi, in Finland.     CEO David Archer said that these projects provided the company with access to the lithium market, which, in light of growing demand from the burgeoning battery... 

Pemamek production premises, Finland

By: Sheila Barradas     10th June 2016 The project entails the expansion of Pemamek’s production premises in Loimaa. 

Green car ferry going into operation mid-2017

     20th May 2016 German electronics and industrial conglomerate Siemens has been commissioned to provide a complete electro-technical solution for a car ferry for Finnish sea and lake transport provider FinFerries.  

Avalon diversifies into lithium

By: Mariaan Webb     19th May 2016 Copper and iron-ore developer Avalon Minerals on Thursday announced that it would move into lithium as a complimentary business to its flagship Viscaria copper project, in Sweden. The Australian company has secured interests in two main areas of lithium occurrences in Finland, including the... 

Miners adapting to more austere fundamental backdrop – report

By: Henry Lazenby     17th May 2016 Mining companies, in general, are adapting to a more austere fundamental backdrop, despite a recent announcement in Chinese media that the country would be removing stimulus and reprioritising reforms, which caused significant apprehension during Bank of America Merrill Lynch’s (BofAML’s) recent... 

Freeport exits Africa with $2.7bn Tenke Fungurume sale 

By: Henry Lazenby     9th May 2016 US diversified miner Freeport McMoRan has announced the $2.65-billion sale Monday of its 70% interest in TF Holdings, which controlled an 80% stake in the Tenke Fungurume copper/cobalt mine, in the Democratic Republic of Congo (DRC). NYSE-listed Freeport had entered into a definitive agreement to... 

Nuclear energy obvious solution to SA power problems

By: Simon Sonnekus     6th May 2016 The nuclear new build programme, which is projected to supply the South African grid with 9.6 GW, will be a major step towards resolving South Africa’s power problems, says Russian State Atomic Energy Corporation (Rosatom) sub-Saharan Africa VP Viktor Polikarpov. “ . . . for South Africa to... 

Remotely controlled and managed shipping might soon be a reality

By: Dylan Slater     6th May 2016 Integrated power and propulsion systems company Rolls Royce last month unveiled its vision to make remote and autonomous shipping a reality as part of its Advanced Autonomous Waterborne Applications Initiative (AAWA) project.  

Trans-European Transport Network project, European Union

By: Sheila Barradas     1st April 2016 The project will remove bottlenecks, upgrade infrastructure and streamline crossborder transport operations for passengers and businesses throughout the European Union. 

Master Drilling maintains eye on growth as strategy gains traction 

By: Natasha Odendaal     31st March 2016 JSE-listed Master Drilling continued to pursue its geographic, commodity and business diversification strategy throughout 2015, with gains expected to start being realised in the coming year. The company had set the platform with the acquisition of a Sweden-based company and its Chilean... 

EDF’s travails at Hinkley Point have no relevance to wider UK nuclear sector

By: Keith Campbell     25th March 2016 Normally, I like to vary my columns from month to month, but I find myself, for the the second month in a row, impelled to remain with the topic of nuclear energy. The reason is the current difficulties being experienced by the predominantly (about 84.5%) French State-owned group EDF regarding... 

It’s back to the future as Gordhan announces tax on sweetened drinks

By: Riaan de Lange     18th March 2016 ‘It’s time for the fat taxes’, read the headline of the instalment of this column published on July 17, 2015, in which I discussed the taxation of two externality-inducing goods, both of which are primary goods – one of these has been called the ‘next tobacco’ and the other ‘white death’ or the... 

French keen to include energy-intensive South African firms as nuclear equity partners 

By: Terence Creamer     13th March 2016 The French nuclear industry, led by electricity utility EDF, is gearing up in earnest to respond to South Africa’s request for proposals (RFP), which could be released before the end of March. The French President’s special envoy for the France-South Africa Nuclear Partnership, Pascal Colombani,... 

At this rate, we will need a Protection of Divestment Act

By: Riaan de Lange     11th March 2016 Is it ironic that, only a few days ago, notification of the publication of the Protection of Investment Act, 2015, appeared on the Department of Trade and Industry (DTI) website and, as I am typing, a mere hours ago, the Financial Times of London announced that Britain’s largest retail bank would... 

Bioproduct mill project, Finland

By: Sheila Barradas     11th March 2016 The project involves the construction of 1.3-million-tonnes-a-year bioproduct mill, in Äänekoski. 

Expected shortages boost crowd-pulling power of copper mines

By: Reuters     10th March 2016 An expected global shortage of copper in years to come has thrown a spotlight on the value of mines that produce the metal, with scouts from private equity firms, trading houses and miners sniffing out potential targets. Strong interest in good quality copper assets was recently highlighted by... 

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