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Greenstone Gold partners submit environmental applications for Hardrock project

By: Henry Lazenby     20th July 2017 Joint venture (JV) partners Centerra Gold and Premier Gold Mines have submitted the environmental impact statement and environmental assessment (EIS/EA) to the Canadian Environmental Assessment Agency (CEAA) and the Ministry of the Environment and Climate Change (MOECC) to start the formal... 

COAG supports new exploration strategy

By: Esmarie Swanepoel     19th July 2017 Australia’s state and territory leaders have recently endorsed the new 2017 to 2022 National Mineral Exploration Strategy at the Council of Australian Governments (COAG) meeting, a move which has been welcomed by Geoscience Australia. Geoscience Australia points out that the mineral resources... 

Ethiopia plans to offer firms shares in road projects – finance minister

By: Reuters     19th July 2017 Ethiopia plans to offer shares in its road-building and maintenance projects to private investors, its finance minister said on Tuesday, the latest step to open up and modernise the state-led economy. The Horn of Africa country has over 113 000 km (68 000 miles) of paved roads and plans to... 

Farmers still face headwinds despite return to growth

By: David Oliveira     14th July 2017 Despite the recent positive news from Statistics South Africa (Stats SA) indicating that the agriculture sector had increased 22.2% in the first quarter of 2017 and that a record maize harvest is on the horizon for this year, the recent sovereign downgrades by credit agencies and news that the... 

AngloGold initiates arbitration proceedings over new Tanzania legislation

By: Ilan Solomons     13th July 2017 Concerned about newly enacted legislation in Tanzania, gold mining major AngloGold Ashanti is seeking a “constructive dialogue” with the Tanzania government to gain assurance that its operations will not be affected by newly enacted legal and fiscal changes to the country’s mining legal regime.... 

Saudi Ma'aden to develop Mansourah, Massarah gold mine – sources

By: Reuters     12th July 2017 State-controlled mining firm Saudi Ma'aden plans to develop the Mansourah, Massarah gold mine, industry sources told Reuters. Ma'aden operates six gold mines in the Central Arabian Gold Region, western Saudi Arabia which contains much of the Kingdom's gold-rich ore deposits. It has recently... 

Sub-Saharan Africa mobile users to exceed 500m by 2020

By: Anine Kilian     12th July 2017 More than 500-million people across sub-Saharan Africa will be subscribed to a mobile service by the end of the decade, a new report shows. The report ‘The Mobile Economy: Sub-Saharan Africa 2017’, which was published by GSMA on Wednesday, forecasts that the number of unique mobile subscribers in... 

World energy investment drops for second consecutive year

By: Creamer Media Reporter      11th July 2017 Global energy investment fell by 12% in 2016, the second consecutive year of decline, as increased spending on energy efficiency and electricity networks was more than offset by a continued drop in upstream oil and gas spending, according to the International Energy Agency's (IEA’s) latest ‘World... 

South Africa signs tripartite free trade agreement

By: Anine Kilian     10th July 2017 South Africa last week signed the agreement establishing the Tripartite Free Trade Area (TFTA) during a meeting of the tripartite Sectoral Ministers Committee in Kampala, Uganda. The meeting was attended by the trade Ministers and officials from the Common Market for Eastern and Southern Africa... 

AGING GRACEFULLY

     7th July 2017 On July 1, the 150th anniversary of the Canadian Confederation was commemorated. Canada Day, as it is known, marks the anniversary of the1867 enactment of the Constitution Act, which united the three separate colonies of Nova Scotia, and New Brunswick into a single Dominion within the British... 

Locally produced engineering steel declining

By: Nica Schreuder     7th July 2017 It has become cheaper to import finished products manufactured  overseas  than to manufacture engineering steel in the country, which has resulted in more than half the country’s foundries closing down, laments specialised steel and industry expertise company Special Steels MD Byron Ferguson. He... 

Oil lobby calls for closer teamwork to enhance Alberta’s crude competitiveness

By: Henry Lazenby     5th July 2017 The Canadian Association of Petroleum Producers (CAPP) is calling for increased collaboration between industry and government to increase the global competitiveness of Alberta’s oil patch. More than 24 000 new jobs could be created for Albertans, with provincial economic growth estimated to add... 

Kenya reviews mining laws as industry struggles to grow

By: Bloomberg     4th July 2017 Kenya is reviewing its mining code, a year after enacting new legislation, as it seeks to attract investment into an industry that’s barely grown over the past five years. The government is working with the UK Department for International Development-funded Extractives Hub to come up with a... 

Future bright for Latin America, but water issues impede growth

By: Megan van Wyngaardt     3rd July 2017 While the outlook for mining in Latin America remains positive over the coming years, research firm BMI has outlined certain obstacles that will hinder its development, with water use and contamination among the most significant challenges. BMI warned that companies and governments in Latin... 

GST set to transform face of Indian logistics industry

By: Reuters     30th June 2017 India's greatest tax reform - replacing an array of provincial duties with a nationwide goods and services tax - is transforming the logistics industry in a country where moving stuff around is notoriously difficult to do, executives say. The advent of organised retail and e-commerce began... 

Strong South African air traffic growth forecast

By: Keith Campbell     30th June 2017 The International Air Transport Association (IATA) has forecast that the number of air passenger journeys to, from and within South Africa will more than double from the 23.6-million last year to more than 54-million by 2036. This will be the result of an average annual growth rate in the... 

Young talent brings innovation to the construction industry

     30th June 2017 June is celebrated as Youth Month in South Africa because 16 June is commemorated as Youth Day and is a public holiday. The idea is to perpetuate the memory of those who died and suffered in 1976 and thereafter, as well as to support their legacy and uphold the principles of selfless action and... 

South Africa needs to find middle ground for electricity conundrum – former EIUG chair 

     29th June 2017 If South Africa wants to prevent its deindustrialisation and find middle ground between the sustainability of State-owned Eskom and the affordability of electricity, a few “holy cows will have to be slaughtered”, former Energy Intensive User Group (EIUG) of Southern Africa chairperson Piet van... 

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... 

Number of South African SMMEs growing

By: Natasha Odendaal     26th June 2017 As an emerging country boasting more than 5.6-million small, medium-sized and microenterprises (SMMEs), South Africa needs to find ways to increase the contribution of these game changers to the nation’s economic structure. While there is a lack of reliable data available to help government... 

Banks balk at risk of funding South Africa Mining Charter deals

By: Bloomberg     26th June 2017 South Africa’s plan to force mining companies to give the black majority a bigger stake in the nation’s mineral wealth faces a major obstacle: convincing  banks to back billions of dollars of fresh deals in an industry in decline. Mineral Resources Minister Mosebenzi Zwane said on June 15 that... 

AI expected to be key disrupter in transition to smart-city status

By: David Oliveira     23rd June 2017 According to research by Bank of America Merrill Lynch (BofAML), about 54.5% of the global population is living in urban areas, which is expected to increase to about 70% in the next 35 years. As such, the US-based investment service provider highlights that urbanisation and smart cities, as well... 

Indaba critical for policy engagement 

By: Nica Schreuder     23rd June 2017 With the policy environment changing as a result of global and local competition, consulting firm Cova Advisory believes that this year’s Manufacturing Indaba can play a significant role to assist industry in staying abreast of the changes. Cova Advisory has been a sponsor of the Manufacturing... 

You must be choking all over again

By: Riaan de Lange     23rd June 2017 It is a balmy London Sunday afternoon. It is June 11. It is Groundhog Day. Well, for me it is. Just a few hours ago, an unwelcome event recurred. You might even say that it was “It's deja vu all over again”, to quote Yogi Berra. Yes, Yogi Berra, and not Yogi Bear. (Yogi Berra was an American... 

Iata forecasts strong growth in South African air traffic and cites its role in the economy

By: Keith Campbell     20th June 2017 The International Air Transport Association (Iata) has forecast that the number of air passenger journeys to, from and within South Africa will more than double from the 23.6-million last year to more than 54-million by 2036. This will be the result of an average annual growth rate in the... 

Recovery of manufacturing sector key to job creation

By: Anine Kilian     20th June 2017 Manufacturing industry body, the Manufacturing Circle, believes one-million new jobs could be created if the manufacturing sector’s share of gross domestic product (GDP) was restored. The industry body briefed Finance Minister Malusi Gigaba on its strategy to reverse the decline of the sector... 

Product and process innovation key to future success of components firms

By: Irma Venter     16th June 2017 South Africa’s component industry will be well served by implementing innovative growth strategies in the short to medium term. This emerged as one of the recommendations of the South African Automotive Supplier Performance Report 2017, produced for the National Association of Automotive... 

South Africa might not reach 2017 growth projection – Gigaba

By: Anine Kilian     15th June 2017 Owing to poor economic developments in recent months, including three ratings downgrades, South Africa may not realise its expected 2017 growth projection of 1.3%, according to Finance Minister Malusi Gigaba, who spoke at a media briefing in Pretoria on Thursday. Ratings agency Fitch this month... 

Acacia Mining calls for independent investigation into its Tanzanian gold concentrate exports 

By: Megan van Wyngaardt     13th June 2017 LSE-listed Acacia Mining on Tuesday called for an independent investigation into its resources and finances, following a report by a second Tanzanian Presidential committee, which claimed that the company had underdeclared its revenues and tax payments, “stretching into the tens of billions of... 

Botswana’s diamond sector has gone ex growth – economist

By: Martin Creamer     12th June 2017 Botswana’s diamond sector is not going to disappear but it is also not going to grow. Increasingly, Botswana is a services driven economy, with the real growth coming from the services sector, Econsult MD Keith Jefferis told the Botswana Resource Sector Conference on Monday. The era of Botswana... 

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... 

SA retail Reit to actively pursue opportunity in Spain

By: Mia Breytenbach     9th June 2017 JSE-listed real estate investment trust (Reit) Vukile is actively evaluating opportunities in Spain to diversify its earnings stream and enhance its high-quality portfolio. During the company’s results presentation in Johannesburg last month, CEO Laurence Rapp noted that Vukile had a R1.5-billion... 

Lydian crests 50% capex pledge at low-cost Armenian Amulsar mine

By: Henry Lazenby     8th June 2017 Armenia-focused gold project developer Lydian International has reached the halfway mark in terms of the capital committed to build its cornerstone $369.9-million Amulsar project. The coming months will see the company report regular news flow as it achieves key construction-based catalysts, with... 

Chamber of Mines not lulled by 12.8% growth in mining sector in Q1

By: Megan van Wyngaardt     7th June 2017 Positive international macroeconomic trends over the last few months should have had a greater positive outcome for the local mining sector than the 12.8% improvement recorded in the first quarter, as reported in Statistics South Africa’s (StatsSA’s) latest gross domestic product (GDP)... 

Sacci BCI drops to lowest level this year

By: Megan van Wyngaardt     7th June 2017 The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) declined to its lowest level this year, at 93.2, in May. The 1.7 month-on-month index point decline was in light of heightened political tension, additional economic policy uncertainty and lower credit... 

South African economy enters recession as Q1 GDP contracts 0.7% 

By: Megan van Wyngaardt     6th June 2017 South Africa’s gross domestic product (GDP) contracted by 0.7% in the first quarter of the year, pushing the country in a technical recession. This followed on the 0.3% contraction in GDP in the fourth quarter of last year. 

S Africa drops a notch in global competitiveness ranking

By: Anine Kilian     1st June 2017 South Africa’s overall global competitiveness dropped from 52 in 2016 to 53 in 2017, according to the International Institute for Management Development’s 'World Competitiveness Yearbook' (WCY).   The institute cites a lack of sustainable and inclusive growth, high levels of structural... 

Chamber looks forward to years when platinum Mandela coin gains pre-eminence 

By: Martin Creamer     30th May 2017 The Chamber of Mines of South Africa is looking forward to the years when a platinum Mandela coin gains pre-eminence globally, emulating South Africa’s great success with gold coinage. This month’s launch by the UK’s Royal Mint of its first-ever platinum bullion products has rekindled hopes that... 

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