R/€ = 15.06 Change: 0.02
R/$ = 13.44 Change: 0.01
Au 1324.70 $/oz Change: -2.52
Pt 1024.00 $/oz Change: -0.50


South Africa nuclear tender open to all, Rosatom not frontrunner

By: Reuters     15th September 2016 A massive nuclear tender in South Africa is open to all bidders prepared to manufacture locally and share technology, and Russia is not the frontrunner, the head of the country's nuclear agency said. After meetings between Russian President Vladimir Putin and South African President Jacob Zuma,... 

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... 

Three Canadian provinces in top ten of Fraser Institute’s Policy Perception Index

By: Henry Lazenby     10th March 2016 Three Canadian provinces rated tops in the Fraser Institute’s Policy Perception Index (PPI), although Australia surpassed Canada in 2015 to become the most attractive region in the world for investment. However, only two Canadian jurisdictions (Saskatchewan at 2 and Quebec at 8) were in the top... 

WA tops Frasers list of mining investment destinations

By: Esmarie Swanepoel     2nd March 2016 Western Australia has come out on top in research organisation Fraser Institute's yearly survey of mining companies in 2015. Western Australia, which was ranked fourth in the 2014 report, displaced Nevada as the most attractive mining jurisdiction in the world, followed by Saskatchewan as first... 

S African steel output ticks up in January as world output contracts

By: Natasha Odendaal     23rd February 2016 While overall world crude steel production continued to decline, contracting 7.1% year-on-year in January, South Africa’s output grew 2.7% year-on-year to account for 650 000 t of the overall 128-million tonnes produced by the 66 countries reporting to industry body worldsteel. In December 2015,... 

Anglo amputating to improve survival chances – Investec

By: Martin Creamer     17th February 2016 The formerly widely diversified mining company Anglo American, which on Tuesday opted to jettison two-thirds of its minerals base by number, is engaging in widespread disposals to improve its chances of survival, Investec Securities commented on Wednesday. Driving Anglo’s “shrink-to-survive”... 

France promotes its nuclear expertise to South Africa 

By: Kim Cloete     17th February 2016 The French government is building its case for supporting South Africa’s nuclear build programme, with a visit to South Africa by the Special Envoy of the French President for the nuclear partnership, Dr Pascal Colombani.  He met with South African government officials and industrial leaders this... 

Tetra Pak expects to deliver over 100 million fully renewable packages in 2016

     3rd February 2016 Tetra Pak expects to deliver over 100 million Tetra Rex Bio-based packages to customers during 2016. The world’s first package made entirely from plant-based materials has gained popularity among consumers across Finland, Sweden, Norway and the Netherlands, with brands such as Valio, Arla Foods,... 

Konecranes – 106 years on

     2nd February 2016 Konecranes, today one of the top crane and hoist companies in the world, started off from humble beginnings in an old stable in the suburbs of Helsinki, Finland, in 1910. The history of the company is a rich and varied one, with the company growing into a major player in the world’s crane... 

ICT goods import growth slows to five-year low

By: Natasha Odendaal     1st February 2016 Global imports of information and communication technology (ICT) goods have slowed to a five-year low, the United Nations Conference on Trade and Development (Unctad) reveals. The static global growth of 1% in 2014 had been supported mainly by the only subsectors that had grown, namely the... 

Companies provide glimpse into bauma 2016 product launches

By: Natasha Odendaal     22nd January 2016 Expectations of innovative advancements in the construction and building materials machinery, mining machines, construction vehicles and construction equipment sectors are running high as the much anticipated bauma 2016 trade show nears. With rival companies preparing to descend on one of the... 

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