http://www.engineeringnews.co.za
R/€ = 15.56 Change: 0.03
R/$ = 13.45 Change: -0.02
Au 1279.00 $/oz Change: -21.01
Pt 883.50 $/oz Change: -20.57
 

Topic

Dundas vying to be the next large-scale Greenland mine

By: Mariaan Webb     31st May 2018 London- and Frankfurt-listed Bluejay Mining is set to bring into production the world’s highest-grade ilmenite project in 2019, feeding into the Greenland government’s target of opening five large-scale mines in the near term. The first of these five mines, Aappaluttoq, opened last year and is... 

Trump's trade war is derailing copper rally that he kickstarted

By: Bloomberg     27th March 2018 President Donald Trump’s pro-business agenda helped start the copper rally, and now he is upending it with protectionist trade policies that threaten to derail a boom in the world’s economies. Copper prices are poised for their first quarterly drop since before Trump’s shock election victory... 

Synology® C2 Backup now available to users worldwide

22nd March 2018 Synology® Inc. announced the general availability of the Synology C2 Backup service to users worldwide. Initially established to meet the increasing demands from European customers for a secure and highly-integrated cloud backup solution, C2 Backup now allows precious data stored on Synology NAS... 

New mine to help K+S post significant earnings gain in 2018

By: Reuters     15th March 2018 German potash miner K+S vowed to increase earnings significantly this year, as it ramps up production at its new Bethune mine in Canada and after overcoming temporary restrictions on waste water at its main domestic mine. Revenues would be tangibly higher and earnings before interest, taxes,... 

Steinhoff sells part of stake in South Africa's KAP to help cut debt

By: Reuters     14th March 2018 Crisis-hit South African retailer Steinhoff raised R3.66-billion ($311-million) from the sale of a 16.7% stake in KAP Industrial, another step in its efforts to shore up its finances and pay down debt. Steinhoff, which has more than 40 retail brands that include Conforama, Poundland and Mattress... 

Steinhoff scandal shows need for activist shareholding – JSE CEO 

By: Reuters     26th January 2018 An accounting scandal involving retailer Steinhoff has highlighted the need for more activist shareholding and more vigorous oversight by boards, the chief executive of South Africa's stock exchange operator said on Friday. Steinhoff, which owns more than 40 brands including Poundland in Britain... 

Jungheinrich Wins Two German Design Awards

22nd January 2018 ECE recognised for high-calibre ergonomic design ERE praised for combining manoeuvrability with comfort Design as an expression of quality and innovativeness The German Design Council has announced the selection of the Jungheinrich ECE horizontal order picker and the ERE electric pedestrian... 

Wiese resigns as Steinhoff chairperson in wake of accounting scandal

By: Reuters     15th December 2017 South African tycoon Christo Wiese resigned on Thursday as chairperson of Steinhoff, the latest setback for the retail group in the throes of an accounting scandal. Once a must-have for investors who backed its reinvention from small furniture outfit into a retail empire, Steinhoff has seen its... 

Civil rights groups voice opposition to ‘rushed’ Energy Indaba

By: Megan van Wyngaardt     29th November 2017 Twenty-three South African civil rights and environmental activist groups have sent a letter to Energy Minister David Mahlobo seeking clarity on the nature and purpose of the upcoming Energy Indaba, scheduled for December 7 to 8 in Johannesburg. “It appears that the indaba will relate to the... 

German car makers warned of possible battery materials shortage-Welt am Sonntag 

By: Reuters     26th November 2017 The German car industry risks running short of key raw materials for automotive batteries, hampering a planned boost in the production of electric vehicles (EVs), Germany's largest industry association BDI warned. "The risk of running into bottlenecks in raw material supply is increasing because... 

Production version of Honda concept EV set for Europe launch in 2019

By: Irma Venter     29th September 2017 Honda has revealed an all-new electric vehicle (EV), the Urban EV Concept, at the 2017 Frankfurt Motor Show. The concept car is built on a completely new platform, and sets the direction for the technology and design that will appear on a future battery electric Honda production model. 

Korean group may introduce new heavy-duty truck to SA market

By: Irma Venter     22nd September 2017 Hyundai Automotive South Africa (HASA) is testing the Xcient heavy-duty truck for possible introduction into the South African new-vehicle market. HASA CEO Niall Lynch says the truck, with a gross vehicle mass of 36.6 t, is undergoing road tests within Imperial Logistics. 

Honda previews 2019 electric car, showcases revenue opportunity for EV owners

By: Irma Venter     12th September 2017 Honda has revealed an all-new electric vehicle (EV), the Urban EV Concept, at the 2017 Frankfurt Motor Show. The concept car is built on a completely new platform, and sets the direction for the technology and design that will appear on a future battery electric Honda production model. 

Hyundai SA mulls heavy truck introduction, awaits 2019 small SUV

By: Irma Venter     21st August 2017 Hyundai Automotive South Africa (HASA) is testing the Xcient heavy-duty truck for possible introduction into the South African new-vehicle market. HASA CEO Niall Lynch says the truck, with a gross vehicle mass of 36.6 t, is undergoing road tests within Imperial Logistics. 

New branding, again, for SA’s premier motoring event

By: Irma Venter     18th August 2017 From Auto Africa, to the Johannesburg International Motor Show, to the Festival of Motoring, to the South African (SA) Motoring Experience . . . In an effort to seek increased support from cost-conscious motor manufacturers and consumers, South Africa’s premier motoring event has again been... 

US embassy welcomes new Consul General in Johannesburg

By: Anine Kilian     4th August 2017 Michael McCarthy has been appointed Consul General to to lead the US Consulate General in Johannesburg. “Our consulates serve as essential elements of our diplomatic mission here in South Africa, promoting trade, building business ties, facilitating security cooperation and delivering consular... 

Goldcorp acquires all outstanding Exeter shares

By: Anine Kilian     3rd August 2017 After securing an 80.5% interest in TSX-listed Exeter Mining in June, Canadian gold mining major has acquired the remaining issued and outstanding Exeter shares for 0.12 of a common share of Goldcorp for each outstanding Exeter share. Dual-listed Goldcorp will issue an aggregate of up to... 

The nine lives of a South African auto show

By: Irma Venter     5th July 2017 From Auto Africa, to the Johannesburg International Motor Show, to the Festival of Motoring, to the South African (SA) Motoring Experience . . . In an effort to seek increased support from cost-conscious motor manufacturers and consumers, South Africa’s premier motoring event has again been... 

Automotive sector remains relevant in volatile market

By: Natasha Odendaal     29th June 2017 While South Africa works its way through the impact of the latest economic headwinds, the automotive sector is holding its own in a volatile market, Econometrix director and chief economist Dr Azar Jammine said on Wednesday. Despite an expected contraction in domestic vehicle production and sales... 

Vault building booms as gold lures investors in turbulent world

By: Bloomberg     7th June 2017 From safety-deposit boxes in leafy west London to high-security facilities housing gold and silver in Frankfurt, companies that store valuables are expanding to meet demand. A rush into haven assets that began during the financial crisis is getting a new lease on life from an upsurge in populist... 

Australian gold explorer lists in Frankfurt

By: Creamer Media Reporter      2nd June 2017 Australian gold and manganese explorer Spitfire Minerals has confirmed the listing of its shares on the Frankfurt Stock Exchange. The listing is expected to help increase trading liquidity and to open up potential investment in Spitfire by institutional and retail investors in Germany and... 

Gold less prone to turmoil as ETF cash eases price swings

By: Bloomberg     9th May 2017 In times of trouble, gold has long been a popular haven for investors expecting that more volatility will increase the value of the commodity. But lately, it’s taking more than threats of war or terrorist attacks to get much of a reaction from the bullion market. Price swings for the precious... 

Surging copper stockpiles point to concerns over global demand

By: Bloomberg     5th May 2017 Another surge in copper stockpiles tracked by the world’s top base-metals bourse is reigniting concerns about demand for the material that’s often viewed by investors as a bellwether for the global economy. A 40% jump in inventories monitored by the London Metal Exchange in just three days comes... 

Russian mining tycoons eyeing return to London's stock market

By: Bloomberg     26th April 2017 For three years, Russian companies retreated from the London stock market. Now, a pair of oil and mining-billionaires is hoping to break the drought. En+ Group, owned by aluminium magnate Oleg Deripaska, and Polyus PJSC, a gold producer controlled by the family of Suleiman Kerimov, are planning... 

Frankfurt Airport seeks to increase its business with South Africa

By: Keith Campbell     10th March 2017 Germany’s number one international airport, Frankfurt, is seeking to increase its two-way air cargo trade with South Africa. This was highlighted at a media briefing at the recent 2017 Air Cargo Africa conference in Kempton Park, east of Johannesburg, by Fraport AG’s executive board member and... 

Frankfurt Airport aims to increase its business with South Africa

By: Keith Campbell     23rd February 2017 Germany’s number one international airport, Frankfurt, is seeking to increase its two-way air cargo trade with South Africa. This was highlighted at a media briefing at the 2017 Air Cargo Africa conference in Kempton Park, east of Johannesburg, by Fraport AG chief operating officer Anke Giesen.... 

Yellen can't halt Trump gold rally that funds bet against

By: Bloomberg     20th February 2017 They should’ve had more faith. Hedge funds reduced their wagers on a bullion rally for the first time in three weeks, just before prices neared a two-month high and capped a third straight week of gains. Not even Federal Reserve Chair Janet Yellen’s outlook for higher US interest rates has been... 

ETF buyers return to precious metals as Trump turmoil sows angst

By: Bloomberg     31st January 2017 Add the flap over US immigration policy to investor concerns that are reigniting demand for precious metals as havens. Long-only exchange-traded funds backed by precious metals have attracted about $200-million this month, on course for the first monthly inflow since October, data compiled by... 

Lufthansa's year-round Frankfurt-Cape Town route launched

By: Anine Kilian     2nd December 2016 International airline Lufthansa’s new direct year-round flight between Frankfurt and Cape Town is scheduled to arrive in Cape Town on Saturday morning. Passengers on this flight will enjoy a newly retrofitted Airbus A340-300, which boasts 279 seats and offers the airline’s new intercontinental... 

Concept Laser will be showing innovation on all levels at formnext powered by TCT

29th August 2016 Sales launch of the new machine architecture Innovations in the small and large machine segment Expansion of the range of materials announced The AM scene awaits the second edition of formnext powered by TCT in Frankfurt a. Main (November 15-18, 2016) with great excitement. It is already... 

Cape Town on track to be the start-up capital of Africa, says Wesgro

By: Kim Cloete     18th August 2016 Cape Town is pushing beyond its tourist image with a drive to be seen as the start-up capital in Africa. “We’re incredibly excited about Cape Town becoming a destination for young people around the world. Cape Town has become Africa’s largest start-up scene,” Wesgro CEO Tim Harris told delegates... 

LSE says Brexit may erode trading volume

By: Bloomberg     4th August 2016 LSE Group said the UK’s decision to leave the European Union may eventually damage investor confidence and weigh on trading. “There is a broad range of possible outcomes resulting from this vote which has created uncertainty in the markets,” LSE said Thursday in a statement while reporting a gain... 

Wallbridge reports 26% resource increase at Fenelon acquisition

By: Henry Lazenby     15th July 2016 Explorer Wallbridge Mining has received an updated mineral resource estimate outlining a 26% increase in the contained ounces in the Discovery Zone on the Fenelon property, in Quebec, which Wallbridge is in the process of acquiring from Balmoral Resources for C$3.6-million. TSX- and... 

Rotary vane reduces energy consumption

8th July 2016 Vacuum pumps, blowers and compressors manufacturer Busch Vacuum Pumps and Systems presented its new series of energy saving rotary vane vacuum pumps, for the first time at the IFFA exhibition in Frankfurt, Germany in May. The new pumps are designed specifically for fast packaging cycles and for... 

Coal woes don’t deter German bet on first Polish mine since ’70s

By: Bloomberg     5th July 2016 A German coal trader is unfazed by decade-low coal prices that pushed producers into bankruptcy as it seeks to open Poland’s first mine in four decades. HMS Bergbau AG plans to invest more than 100-million euros ($111-million) to begin output from a mine in southern Poland by 2018, Dennis... 

Gold rises most since 2008 crisis as investors seek Brexit haven

By: Bloomberg     25th June 2016 Gold surged the most since the height of the 2008 global financial crisis after the UK voted to exit the European Union, causing turmoil across markets and boosting haven demand. Bullion jumped as much as 8.1% and futures trading volume was double the average for this time of day. As the pound... 

Gold sees biggest gain since 2008 in rush for havens from Brexit

By: Bloomberg     24th June 2016 Gold rallied the most since the global financial meltdown of 2008 after the UK voted to leave the European Union, sending markets into a tailspin and investors piling into haven assets. Bullion for immediate delivery jumped as much as 8.1%, the most since 2008, and traded at $1 322.88 an ounce as... 

Gold pinned to Brexit angst as traders see $1 350 if leave wins

By: Bloomberg     16th June 2016 Polls show Britons will vote next week to exit the European Union, and that has gold traders betting the precious metal will be a lot more valuable. Prices will rally to the highest in two years if the so-called Brexit campaign succeeds on June 23, reaching $1 350/oz within a week of the vote –... 

First
Prev
1
2 3 4 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
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close