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South Africa’s steel production fell 3.5% y/y in May

By: Megan van Wyngaardt     21st June 2017 World crude steel production reached 143.3-million tonnes in May, a 2% year-on-year increase, the World Steel Association (worldsteel) reports. South Africa’s output, however, dropped by 3.5%, from 581 000 t in May 2016, to 561 000 t, indicating the ongoing challenges facing the local steel... 

Epanko to cost $88.9m

By: Esmarie Swanepoel     21st June 2017 An updated bankable feasibility study (BFS) for the Epanko graphite project, in Tanzania, has showed that the increased production rate of 60 000 t/y would require a capital investment of $88.9-million. The BFS estimated that the project will have a pre-tax net present value of $211-million and... 

Merkel calls for some EU-Africa trade contracts to be renegotiated

By: Reuters     20th June 2017 German Chancellor Angela Merkel on Monday called some of the European Union's trade agreements with Africa unfair and said they should be renegotiated. "We'll speak again at the EU Africa summit in autumn about how we need to renegotiate them," Merkel said at an event for non-governmental... 

Germany writes to US to criticise plans to act against steel imports

By: Reuters     20th June 2017 German Economy Minister Brigitte Zypries has written a letter to US Commerce Secretary Wilbur Ross in which she criticised Washington's plans to take action against steel imports, a German newspaper reported. An investigation by US President Donald Trump's administration into whether foreign-made... 

New Russia sanctions impact muted even as energy shares sag

By: Bloomberg     16th June 2017 For investors in Russia’s energy and metals sectors, the US Senate’s bill to expand sanctions was a blow. Whether it will hurt Russian companies targeted by the legislation is less certain. The Senate bill proposes adding restrictions to banks’ and energy companies’ ability to raise capital, and... 

Rocket technology idea wins Global Impact Challenge Award

By: Mia Breytenbach     16th June 2017 The idea to use innovative rocket technology that uses asteroid metal as fuel to achieve industrial-scale transport of mined asteroid material has been crowned the winner of the 2017 Singularity University Global Impact Challenge (GIC) Southern Africa edition competition. The US-based Singularity... 

South African Reserve Bank says platinum coin concept not viable 

By: Terence Creamer     12th June 2017 The South African Reserve Bank (SARB) has no intention of mandating the South African Mint to produce a platinum coin to be marketed along the lines of the successful Krugerrand gold coin, revealing that feasibility studies have shown the concept to be unviable. Deputy governor Francois Groepe... 

SA car buyers had widest choice-to-market-size ratio globally in 2016

By: Irma Venter     9th June 2017 South African car buyers had access to 55 passenger car brands in 2016, with 3 458 model derivatives to choose from, says National Association of Automobile Manufacturers of South Africa (Naamsa) executive manager Dr Norman Lamprecht. “This afforded car buyers the widest choice to market-size... 

Wacker Neuson executive board announces managerial changes for South Africa region.

     8th June 2017 The executive board of Wacker Neuson has announced two managerial changes for South Africa. Mr. Eugene Brown, has resigned from his position as Regional President for the Sub-Saharan Africa region, effective 31 May, 2017 after five years at the company. The executive board expressed their... 

Stenprop pursues UK prospects; mulls Reit status, LSE listing

By: Mia Breytenbach     8th June 2017 Following the acquisition of a portfolio of 25 multilet industrial (MLI) properties in the UK earlier this week, JSE-listed property investment company Stenprop is  considering the merits of a conversion to real estate investment trust status, as well as a possible listing on the LSE. The company... 

Miners eye Europe's largest lithium deposit in Czech Republic

By: Reuters     8th June 2017 Mining for lithium could start in the Czech Republic in two years, exploiting Europe's largest resource of the metal that is used in batteries for electric vehicles and home power storage. The deposits lie around Cinovec, a village with a tradition of mining since the 14th century and situated... 

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... 

World in race to adopt Industrie 4.0/IoT

By: Creamer Media Reporter      6th June 2017 Connected Industries conference opens with call for SA to catch up in adopting Industrie 4.0/IIoT Industrie 4.0/IIoT is a revolution, not an evolution, and any organisation failing to embrace it will quickly become obsolete, speakers warned at the opening of the Connected Industries conference in... 

Component exports up 6.8% in 2016, engines show strong growth

By: Irma Venter     6th June 2017 Component exports from South Africa in 2016 were again dominated by catalytic converters. Data published in the Automotive Export Manual 2017 shows that catalytic converter exports made up 41.3% of all component exports from South Africa, by value, earning R21.9-billion, up from last year’s... 

Talga aims to raise $12.3m for Europe graphene push

By: Megan van Wyngaardt     5th June 2017 Perth-based technology minerals company Talga Resources on Monday said it had received binding commitments for a shares placement to raise $12.3-million. The proceeds from the placement, which is due to settle on June 9, will be used towards commercial, processing, product development and mineral... 

Coal industry expresses ‘serious concern’ about Australia’s electricity market review

By: Mariaan Webb     5th June 2017 The Australian coal industry has expressed “serious concern” about reports that the Finkel review of the national electricity market has turned its back on coal-fired electricity, in favour of renewable energy. Minerals Council of Australia CEO Brendan Pearson said on Monday that the country... 

Positive signs for IFAT Africa 2017

By: Creamer Media Reporter      2nd June 2017 With four months to go before the beginning of the trade fair it is clear that IFAT Africa is proving to be relevant to many exhibitors. Close to 100 companies have already registered for the environmental technology trade fair in South Africa in 2017. IFAT Africa will be held at the Johannesburg... 

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... 

Italy's Eni signs LNG deal in Mozambique, raising hopes of gas boom

By: Reuters     2nd June 2017 Italian energy company Eni signed an $8-billion deal on Thursday to develop a gas field off the coast of Mozambique, the first of a series of projects that could transform the poor African nation into a major energy supplier to Asia. Developing the Coral South field, discovered in May 2012 and... 

BATTERY BET

     2nd June 2017 German Chancellor Angela Merkel, centre, at the inauguration, of Deutsche Accumotive’s electric automobile battery factory, in Kamenz, Germany. The plant will assemble lithium-ion energy-storage units for Daimler, whose executives are pictured marking the milestone along with Merkel. Bloomberg... 

Courier service moves to electrify vehicle fleet

By: Irma Venter     2nd June 2017 German logistics company Hermes and Mercedes-Benz Vans have agreed on a strategic partnership to electrify the courier service’s vehicle fleet. Under this agreement, Hermes will use battery-electric vehicles in its normal operations in a pilot phase in Stuttgart and Hamburg, in Germany, in early... 

WIKA Instruments

     2nd June 2017 WIKA Instruments, one of the nine production sites of the Germany-headquartered WIKA group, manufactures pressure, temperature, level and flow measuring instrumentation for the Southern African market. It also imports and distributes other instrumentation products that complement the product... 

UK takes step closer to national electric battery hub

By: Reuters     31st May 2017 Britain is moving towards creating a new national development hub for electric car batteries with officials setting out plans for companies to work together to improve the technology, possibly paving the way for large-scale local production. Representatives from politics, academia and business... 

Trevor Hill appointed new head of Audi SA

By: Irma Venter     30th May 2017 Trevor Hill has been appointed as the new head of Audi South Africa (SA). Hill will succeed Paul Sansom, who has been appointed as the MD of Audi Australia. 

Scoping study on Dakota’s Portugal project nearing completion

By: Mariaan Webb     29th May 2017 Lithium explorer Dakota Minerals has received the results of metallurgical test work on material from its Sepeda petalite project, in Portugal, paving the way for the completion of a scoping study in the next two weeks. Dakota Minerals, which trades on the ASX and Frankfurt Stock Exchange,... 

Wärtsilä introduces dedicated organisation to drive digital transformation

     29th May 2017 The technology group Wärtsilä is currently implementing a digital transformation to become a data led, insights driven, and agile technology company dedicated to taking a leadership role in the smart marine and smart energy ecosystems throughout their entire lifecycle. The aim is to increase... 

Oz vanadium explorer expands investor base with Frankfurt listing

By: Mariaan Webb     29th May 2017 Western Australia-based Technology Metals Australia is pursuing a dual listing on the Frankfurt Stock Exchange to broaden its European investor base. The ASX-listed company, which is conducting drilling at the Gabanintha vanadium project, near Meekatharra in Western Australia, said on Monday that... 

Steel CEOs say EU carbon reforms threaten jobs, investment

By: Reuters     29th May 2017 Steelmakers in Europe have written to EU leaders urging them not to burden the industry with extra carbon emissions costs they say would make them uncompetitive against foreign rivals and raise the risk of job losses and plant closures. Draft reforms to the EU Emissions Trading System (ETS)... 

G7 leaders turn gaze to Africa, climate harmony elusive

By: Reuters     29th May 2017 Leaders of the Group of Seven wealthy nations met African heads of state on Saturday, the final day of their annual summit which has been marked by discord over climate change, but unity on tackling terrorism. Italy had hoped to make Africa the major focus of the annual G7 gathering, holding the... 

Industrie 4.0 set to improve all processes, grow economy

     26th May 2017 Advanced automation can improve virtually any process, anywhere, and has the potential to grow the South African economy and create jobs. Industry leaders participating at the upcoming Africa Automation Fair and Connected Industries conference note that Industrie 4.0, the catchphrase describing... 

Down with State security! Long live national security!

By: Keith Campbell     26th May 2017 Why does South Africa have a Ministry of State Security? (The official South African Government website refers to it as a Ministry, although it is also officially referred to as a Department.) Let me make the question clearer: why does South Africa have a Ministry/Department of STATE Security? As... 

REFORM ROAD MAP

By: Creamer Media Reporter      26th May 2017 New French President Emmanuel Macron called for a “historic rebuilding” of Europe during his recent meeting with German Chancellor Angela Merkel in Berlin, Germany, which was also Macron’s first international trip as president. The two leaders indicated that they would work together to draw up a... 

Savannah aims to tap into European lithium market with 'strategic' Portugal acquisition

By: Mariaan Webb     25th May 2017 Multicommodity company Savannah Resources has announced an agreement to buy a series of highly prospective lithium prospects in Portugal, including an advanced project,as the company seeks to tap into the world’s second-largest lithium market after China. As part of the transaction to buy a 75%... 

SKF invests further SEK 145 million in Schweinfurt production channels

     25th May 2017 Investments in Schweinfurt will modernize large-size bearing production, cut production lead times by 50% and improve competitiveness. SKF is investing a further SEK 145 million in improving the competitiveness of its large-size bearing production in Schweinfurt, Germany. As part of the... 

Industrie 4.0 set to improve all processes, grow economy

     23rd May 2017 Advanced automation can improve virtually any process, anywhere, and has the potential to grow the South African economy and create jobs.   Industry leaders participating at the upcoming Africa Automation Fair and Connected Industries conference note that Industrie 4.0, the catchphrase describing... 

Thos Begbie’s global quality status boosted by on-the-spot Dekra 

By: Martin Creamer     23rd May 2017 The same-site working relationship that Thos Begbie has established with global quality inspectorate Dekra Industrial RSA is giving the prolific exporter of copper castings a commercial edge in its global dealings with mining and smelter-related customers worldwide. Thos Begbie now hosts the... 

South Africans spoilt for choice when buying new vehicles 

By: Irma Venter     23rd May 2017 South African car buyers had access to 55 passenger car brands in 2016, with 3 458 model derivatives to choose from, says National Association of Automobile Manufacturers of South Africa (Naamsa) executive manager Dr Norman Lamprecht. “This afforded car buyers the widest choice to market-size... 

Move over Tesla, Europe's building its own battery gigafactories

By: Bloomberg     22nd May 2017 Battery-making gigafactories are about to arrive in Europe, challenging a lead Tesla is building at a plant in Nevada and opening the way for a quicker shift toward green power for both cars and utilities. German Chancellor Angela Merkel on Monday is scheduled to break ground at a €500 million... 

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