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Germany brings home gold reserves ahead of schedule

By: Reuters     23rd August 2017 Germany's central bank has brought much of its gold reserve back to Frankfurt, the Bundesbank said on Wednesday, restoring a bulwark of economic stability the country had stashed away at the height of the Cold War. Guarded well out of Moscow's reach in safe havens like New York, London and... 

Cadence in talks to sell stake in lithium developer Bacanora

By: Creamer Media Reporter      21st August 2017 UK-based mining investment firm Cadence Minerals is in negotiations to sell its interest in Aim- and TSX-V-listed lithium developer Bacanora Minerals, the company announced on Monday. Cadence said that during the course of discussions with institutional investors about the potential sale of its... 

Turkish firms set for $64bn spending spree to leave home

By: Bloomberg     21st August 2017 Robert Yuksel Yildirim had barely been at the family’s construction-materials business a year before the company won its first international contract. Now, it’s a conglomerate with interests in mining, ports and chemicals across 28 countries. Twenty four years after the deal to import coal... 

IHS materials index posts sixth gain in seven weeks

By: Henry Lazenby     18th August 2017 The materials price index (MPI) from Global Insight by IHS Markit has recovered about half the losses it suffered between February and June. The latest reading of the MPI, an index measuring the weighted average of weekly spot prices for a basket of globally traded manufacturing inputs comprising... 

Butane storage tank project, Belgium

By: Sheila Barradas     18th August 2017 The project will provide INEOS with options to trade butane in Europe. 

Metair ready for market shift to electric vehicles, says Loock

By: Irma Venter     17th August 2017 Metair is ready for the anticipated revolution in the automotive industry, including the introduction of electric vehicles (EV), hybrid vehicles and autonomous drive vehicles. These vehicle still need lights, brakes and wiring harnesses, for example, said Metair MD Theo Loock on Thursday at the... 

Davenport extends landholding in German potash basin

By: Mariaan Webb     16th August 2017 Melbourne-registered Davenport Resources has signed an agreement with a German government agency to buy three potash mining licences in the South Harz region for €1.2-million. Davenport, which is listed on the ASX, will acquire the licences from Bodenverwertungs-und-verwaltungs – the agency... 

Despite delay, US expected to impose steel tariffs

By: Reuters     15th August 2017 US President Donald Trump is still expected to impose steel import tariffs on national security grounds despite the delay of a probe into the matter and pursuit of multilateral talks to reduce excess capacity, industry players and trade experts say. US steel stocks have fallen nearly 10% since... 

Arafak posts strong Q2 results

By: Natasha Odendaal     11th August 2017 Nasdaq- and LSE-listed Afarak Group has delivered another robust second quarter driven by continued higher ferrochrome prices and strong market fundamentals. This followed a positive start to the new financial year after Arafak achieved the highest quarterly gains in the company’s history during... 

Merger completed in thermal application sector

By: Tasneem Bulbulia     11th August 2017 Export-oriented engineering company Loesche Group has completed the merger of its combustion systems and drying systems businesses into one central location. Completed in April, the group has built a team of specialists to manage the merger accordingly, as all technical details, drawings,... 

Safety at the forefront with first spray-cooled roof

     11th August 2017 Swedish steel producer Ovako has awarded technology provider Systems Spray-Cooled with a contract to modernise and increase safety on its electric arc furnace (EAF) with the first Spray-Cooled roof in the Nordic region, located at its bar, billet, tube and rings facility in Hofors, Sweden. After... 

TITAN vacuum furnace purchased to support aerospace industry

     11th August 2017 With a focus on pursuing additional market sectors, such as the aerospace industry, last month, heat-treating company Diamond Heat Treat purchased a TITAN H6 vacuum furnace with six-bar gas quenching to expand its capabilities. The TITAN H6 vacuum furnace is one of industrial vacuum and... 

Booming end-user industries and adoption of premium footwear will drive new growth opportunities, finds Frost & Sullivan’s Visionary Science team

     10th August 2017 The Western European protective footwear market continues to pick up pace, driven by technology advancements and end-user preference for comfortable, aesthetically appealing, ergonomically designed, lightweight footwear that offer mandated protection levels. Iberia will be a hotspot while... 

Daimler invests in startup that pools passengers travelling in a similar direction

By: Irma Venter     7th August 2017 Daimler Buses’ subsidiary EvoBus has secured a minority investment in CleverShuttle. Based in Berlin, Germany, CleverShuttle pools passengers travelling in a similar direction together in an electric vehicle, driven by a professional driver. The startup’s app determines the fastest and cheapest... 

Companies must work harder at creating an environment for women leaders to rise to the top

     7th August 2017 As South Africa celebrates Women’s month in August this year, the importance of gender equality is arguably more prominent on the corporate agenda today than it has ever been, yet this does not seem to have made a meaningful difference in the growth of female leadership in South Africa, or in the... 

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... 

MBSA preparing to enter ‘competitive’ bakkie market early next year

By: Irma Venter     4th August 2017 With a new-bakkie market of roughly 110 000 units a year, Mercedes-Benz South Africa (MBSA) would like to secure its “fair share” of this lucrative, “but highly competitive” segment with the launch of the new X-Class in the local market in the first half of next year, says Mercedes-Benz Vans... 

Introduce stringent anti-emission laws – Royal Bafokeng Platinum

By: Martin Creamer     2nd August 2017 The South African government must introduce stringent anti-emission legislation as well as press for the platinum equivalent of the gold Kruger Rand, Royal Bafokeng Platinum CEO Steve Phiri insists. Phiri expressed dismay at the government, as custodian of the world’s major platinum endowment,... 

Gigaba says worried about influence of Gupta family 

By: Reuters     28th July 2017 South African Finance Minister Malusi Gigaba said on Friday he was worried about the influence of a wealthy family accused of using its friendship with President Jacob Zuma to secure contracts with state-owned companies. Gigaba's unusually strong comments came the day after power utility Eskom... 

Platinum industry redoubling marketing efforts in the midst of oversupply

By: Ilan Solomons     28th July 2017 Marketing is immensely important for the platinum sector, which is battling a pervasive weak price environment, with the metal trading at about $925/oz, compared with the all-time high of $2 270/oz in 2008, and an oversupplied market. Marketing of the metal’s various uses has only increased in... 

BMI AIR introduces the BOGE range of air compressor, technologies

     28th July 2017 Mining and Industrial machinery supplier BMI Group’s subsidiary BMI Air has been appointed as the Southern Africa distributor for BOGE compressed air systems and related technologies. “The BOGE compressed air range, from Germany, will complement our existing range of air and industrial products... 

Local company to supply wheel assemblies for new BMW X3  

By: Victor Moolman     28th July 2017 Wheel assembly solution provider Wheel Assemblers will supply tyre and rim assemblies for the new X3 (G01) model from German vehicle manufacturer BMW South Africa (SA) to be built in Rosslyn, Pretoria. 

More engineers needed to support local projects

By: Robyn Wilkinson     28th July 2017 As part of its drive to promote and support the engineering profession at multiple levels, the Engineering Council of South Africa (ECSA) is establishing an intervention programme that will focus on accrediting engineering academies for training candidates for the purposes of registration within... 

Wolfsberg spodumene delivers battery-grade lithium carbonate

By: Creamer Media Reporter      27th July 2017 Spodumene concentrate from the Wolfsberg lithium project, in Austria, has been used to make a battery-grade lithium carbonate, which bodes well for the project to be a strategic supplier to the lithium battery plants being developed in Europe. Wolfsberg owner, ASX-listed European Lithium,... 

Why Russia's market is rising after sanctions Bill approval

By: Bloomberg     27th July 2017 The US House has approved a bill hardening sanctions against Russia, but European resistance to some of its toughest new measures means the impact on companies will be muted, according to Goldman Sachs Group and Deutsche Bank. As it stands now, the most negative aspect of the bill for Russia,... 

Pipeline Monitoring Systems Market worth 8.72 Billion USD by 2026

     25th July 2017 The report "Pipeline Monitoring Systems Market by Technology (Ultrasonic, PIGs, Smart Ball, and Magnetic Flux Leakage), Application (Leak Detection, Operating Efficiency, and Pipeline Break Detection), End-Use Industry, and Pipe Type - Global Forecast to 2026", The pipeline monitoring systems... 

Chains and sprockets for bulk materials handling, cement applications

     24th July 2017 Engineered and standard chains, sprockets, and ancillary products such as outboard rollers, scrapers, and carrier pans used in conjunction with chains from leading manufacturer KÖBO are distributed exclusively by leading supplier Bearings International (BI). Target industries are bulk materials... 

First Cut’s solutions-driven business ethic creates cutting-edge solutions to enable productive use of recycled materials

     24th July 2017 First Cut, a leading South African distributor of cutting consumables and capital equipment, has been proud to be able to assist in promoting recycling in South Africa. Through a positive 'can do' attitude to service and excellent product quality- and in three notable examples - the company has... 

SKF inaugurates large-size bearing test centre

     21st July 2017 SKF has inaugurated its newly-built Sven Wingquist Test Centre in Schweinfurt, Germany, an investment totaling EUR 40 million. The centre is the first in the world that is able to test large-size bearings under actual operating conditions. This allows for a more efficient development process for... 

South Africa makes surprise recovery in 2017 reputation index

By: Terence Creamer     21st July 2017 Despite ongoing political turmoil and an increase in policy uncertainty, South Africa made a surprise recovery in the 2017 edition of a global reputation study, rising four places to 45 out of 71 countries measured. Unveiling the results of the latest Country RepTrak study, which has been... 

Opinion: Another look at South Africa’s electricity generating options 

     21st July 2017 In this opinion article, economic risk consultant Rob Jeffrey calls for a re-evaluation for the draft Integrated Resource Plan (IRP) 2016 planned and recommended electricity mix going forward Energy is the critical component of the country’s future policy mix. Electricity is the necessary... 

World copper market shows 80 000 t surplus in first four months of 2017

By: Henry Lazenby     21st July 2017 The world refined copper balance for the first four months of 2017 indicates a surplus of about 80 000 t, the International Copper Study Group (ICSG) reported on Thursday. It ascribed the surplus mainly to a decline in Chinese apparent demand, a market that currently accounts for about 48% of the... 

Durban port upgrade and expansion project, South Africa

By: Sheila Barradas     21st July 2017 The project to lengthen and deepen two berths at the Durban Container Termnal has been approved. 

I’m all for solar and wind energy, but only for specific situations 

By: Kelvin Kemm     21st July 2017 We have just passed midwinter’s day or, more correctly in the southern hemisphere, midwinter’s night, which, for us in the south, is the longest night of the year. In the highveld, winters are rather pleasant, largely because there is no rain. In fact, there mostly are not even clouds.  So, our... 

May unveils British initiatives aimed at reducing Africa’s reliance on aid

By: Keith Campbell     21st July 2017 British Prime Minister Theresa May used the recent G20 Summit in Hamburg, Germany, to announce a series of new British initiatives intended to reduce the reliance of African countries on aid and increase their long-term stability and prosperity. This was in line with a theme for the summit... 

Mercury probe passes key tests on way to 2018 launch

By: Keith Campbell     21st July 2017 The joint European Space Agency (ESA) and Japanese Aerospace Exploration Agency (JAXA) modular space probe BepiColombo has passed its final test in its launch and transit flight “stack” configuration, ESA announced on July 6. BepiColombo will become only the third spacecraft to explore the planet... 

Mercedes-Benz seeks ‘fair share’ of growing bakkie market with new X-Class 

By: Irma Venter     20th July 2017 With a new-bakkie market of roughly 110 000 units a year, Mercedes-Benz South Africa (MBSA) would like to secure its “fair share” of this lucrative, “but highly competitive” segment with the launch of the new X-Class in the local market in the first half of next year, says Mercedes-Benz Vans... 

Wirtgen Group at Steinexpo 2017 with world premiere from Kleemann

     20th July 2017 The Wirtgen Group will be showcasing tailored solutions for recycled material processing and quarry applications when it exhibits products from Kleemann and Benninghoven at the industry trade fair in Homberg/Nieder-Ofleiden, Germany, from August 30 to September 2. The world premiere of the... 

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