R/€ = 15.63 Change: -0.03
R/$ = 13.46 Change: -0.03
Au 1279.65 $/oz Change: -20.36
Pt 882.50 $/oz Change: -21.57


Hedge funds pick the wrong time to go big on gold as prices drop

By: Bloomberg     16th June 2018 Hedge funds just mistimed their gold bets. Money managers as of Tuesday pushed their wagers on a bullion rally to the highest in seven weeks. The next day, Federal Reserve policy makers signaled more interest-rate increases this year than earlier projected. Gold ended up posting a weekly loss as... 

Consciousness needed for chemical use

15th June 2018 The use of chemical compound Difluoromethane (R32) refrigerant in air-conditioning systems as a ‘green’ alternative to R410A demonstrates the global impact of the phasedown programme initiated by the Montreal Protocol and Kigali Agreement, according to specialty chemicals and gases supplier... 

Nissan announces expansion plans in Africa, Middle East & India

14th June 2018 Nissan Motor Co., Ltd. unveiled a major expansion strategy in the Africa, the Middle East and India region today as part of the company’s six-year midterm plan, Nissan M.O.V.E. to 2022. Nissan aims to build on its strengths in markets including South Africa, India, the United Arab Emirates, Egypt... 

US suggests need for broader conflict diamond definition, due diligence for responsible sourcing

By: Marleny Arnoldi     13th June 2018 The Kimberley Process (KP) intercessional, which will take place from June 18 to 22 in Antwerp, Belgium, will focus on proposed reforms in the certification system to help achieve ambitious goals in the global diamond industry. This year, the European Union is chairing the KP and India is serving... 

Nissan announces Africa, Middle East and India expansion plans

By: Nadine James     13th June 2018 Nissan on Wednesday unveiled a major expansion strategy in the Africa, the Middle East and India region as part of the company’s six-year midterm plan. The automotive manufacturer aims to build on its strengths and “solid profit margins” in markets including South Africa, India, the United Arab... 

ACSA continues to work with African partners in developing airports

By: Kim Cloete     13th June 2018 The Airports Company South Africa (ACSA) says it is working with its counterparts in Mozambique, Zambia and Ghana on the commissioning of airports. ACSA COO Fundi Sithebe says the company is assisting the Zambian government in commissioning its Kenneth Kaunda International Airport, as well as... 

Multi-Million Rand Turkish Investment In Western Cape Turns Scrap Metal Into Jobs, Profits

13th June 2018 Local scrap metal, previously shipped out of South Africa with virtually no local benefit, is now being transformed into tens of thousands of tons of valuable steel, boosting job creation in greater Cape Town and the national economy generally. The transformation of the sector came courtesy of a... 

Ball set rolling for development of India’s largest coal block in West Bengal

By: Ajoy K Das     13th June 2018 The ball has been set rolling for development of the Deocha-Pachami coal block, which at an estimated two-billion tons of coal is India’s largest. The block has been allocated to the government of West Bengal for development and production from the asset. 

India moots allocating coal blocks to oil companies for methanol production

By: Ajoy K Das     11th June 2018 he Indian government has mooted a proposal to allocate coal blocks to national oil refining-marketing companies to produce methanol and to reduce dependency on imported crude oil-based diesel consumption. The work-in-progress proposal under the Road Transport Ministry will be submitted to the... 

First African tetrapods discovered in South Africa

By: Anine Kilian     8th June 2018 Science and Technology Minister Mmamoloko Kubayi-Ngubane, together with South African palaeontologist Dr Rob Gess, on Friday announced the discovery of the first African fossils of Devonian tetrapods, or four-legged vertebrates. The two new species, named Tutusius umlambo, after Archbishop... 

Optimising the supply chain: delivering value for all

8th June 2018 By Rodney Francis and Helen Lane Last-mile solutions (LMS), a key aspect of modern supply-chain management is gaining in relevance, while also changing and expanding its meaning, as the FMCG industry continues to evolve, placing ever-greater importance on sustainability, digital solutions and... 

Optimising the supply chain: delivering value for all

8th June 2018 By Rodney Francis and Helen Lane  Last-mile solutions (LMS), a key aspect of modern supply-chain management is gaining in relevance, while also changing and expanding its meaning, as the FMCG industry continues to evolve, placing ever-greater importance on sustainability, digital solutions and... 

Arun Chadha

8th June 2018 This week we profile Arun Chadha, CEO of Allied Steelrode, a value-adding steel processor and supplier   

Russian diamond miner announces auctions and award of high sustainability ranking

By: Rebecca Campbell     7th June 2018 Russian diamond mining major Alrosa announced on Thursday that it would hold auctions in Hong Kong and Vladivostok for large rough diamonds. The Hong Kong auction will start on June 13 and will run until June 27. The Vladivostok auction would start on June 18 and conclude on June 29. In both... 

US, Japanese platinum jewellery demand to continue growing

By: Marleny Arnoldi     6th June 2018 With China’s strong economic growth in the first quarter of this year, jewellery demand in that country also increased, but platinum jewellery demand lagged behind other jewellery segments owing to a lack in innovative product and market-wide marketing support, says Platinum Guild International... 

Brand South Africa taking investor temperature ahead of investment summit

By: Terence Creamer     6th June 2018 Brand South Africa has begun consultations with foreign investors and diplomats as part of preparations for the investment conference, which President Cyril Ramaphosa will convene later this year. Ramaphosa has set a target of attracting $100-billion-worth of direct investment over the coming... 

Telecoms company Seacom upgrades subsea cable system

By: African News Agency      5th June 2018 Pan African telecommunications company Seacom said on Tuesday it had upgraded its key submarine network system from its southern and eastern African coastline landings into Europe at a total capacity of 1.5 terabits per second, adding 500G of new capacity on the system. Seacom said the latest... 

On-The-Air (01/06/2018) 

By: Martin Creamer     1st June 2018 Former Energy Director-General Nelisiwe Magubane this week called for clean coal technology to be introduced to stave off litigation; Vigorous new investment in junior mining is scheduled to begin in the third quarter of this year and The positive role platinum can play to clean the world’s air... 

China remains dominant coal consumer, producer

By: Natasha Odendaal     1st June 2018 China, India and the US will remain the largest consumers of thermal coal, while China, India and Russia will remain the largest consumers of coking coal during the period to 2027, a new report by BMI Research shows. In its ‘Industry trend analysis: global forecast to 2027’ report, BMI forecasts... 

Summit discusses built environment trends, considerations for thriving Africa development

By: Marleny Arnoldi     31st May 2018 It has been a tumultuous period for the African continent, as since 2014 there have been many pressures affecting the macroeconomic environment – commodity prices took a significant knock, some economies dipped into a recession and the pressure was on from a number of credit ratings agencies.  

Uganda's telecoms regulator to probe MTN on mobile money policies

By: Reuters     31st May 2018 Uganda's telecommunications regulator said on Wednesday it was setting up a committee to investigate the local unit of South Africa's MTN Group after uproar on social media about its mobile money policies. This week dozens of MTN's subscribers in Uganda took to Twitter to accuse it of making it... 

KLT SA in push to increase chassis frame production to meet Ford requirements

By: Irma Venter     31st May 2018 KLT Automotive and Tubular Products South Africa (KLT SA) has to increase production this year at its Hammanskraal plant, in Pretoria, from around 450 chassis frames a day, to 500 units a day, says KLT SA CEO Paul Leonard. KLT SA supplies the Ford plant in Silverton, also in Pretoria, where the... 

India revives coal sector regulator proposal

By: Ajoy K Das     30th May 2018 With the auction of coal blocks for commercial mining scheduled for next month, the Indian government has revived a proposal to sett up a coal sector regulator. The Coal Ministry has already announced rules for the auction and is in the final stages of drawing up a list of coal blocks that will... 

Electric vehicles could increase to 220m in 2030 – IEA

By: Marleny Arnoldi     30th May 2018 The International Energy Agency’s (IEA’s) ‘Global Electric Vehicles Outlook’ has found that the number of electric and plug-in hybrid cars on the world’s roads exceeded three-million in 2017, which is a 54% increase compared with 2016.  

Capital deployment into junior mining set for Q3 start – Aluwani

By: Martin Creamer     29th May 2018 The first close of capital acceptance is in sight for the new junior mining fund launched earlier this year by Aluwani Capital Partners, the independent black-owned investment management business that aims to make a lasting impact in South Africa and the rest of the African continent. Capital... 

GAIL India seeks to maintain its gas pipeline business

By: Ajoy K Das     29th May 2018 Indian government-owned natural gas importer and infrastructure provider GAIL India has agreed, in principle, to unbundle its gas marketing and pipeline operational business, but only after a domestic gas trading hub has been established and a trading market has developed to an optimal level.... 

Copper supply shock hits India as top plant ordered to close

By: Bloomberg     29th May 2018 India faces a copper supply shock after a state government ordered billionaire Anil Agarwal’s Vedanta to shut down a plant permanently following deadly protests in a move that will slash nationwide output and stoke demand for imports. The company’s shares fell. The Tamil Nadu government directed... 

Brics’ New Development Bank approves six project loans totalling $1.6bn

By: Marleny Arnoldi     29th May 2018 Multilateral development bank, the New Development Bank (NDB), on Monday held its third yearly meeting of the NDB board of governors (BoG) and the fourteenth meeting of the NDB board of directors (BoD), in Shanghai, China.  

South Africa struggling to improve competitiveness – survey 

By: African News Agency      28th May 2018 The Institute of Management Development (IMD) said on Monday that South Africa had failed to improve on its overall competitiveness, with low economic growth, unemployment and a steep public debt interest payments posing serious bottlenecks for the country's growth.  In its latest World... 

Indian state leader says will take all steps to shut down Vedanta's copper smelter

By: Reuters     28th May 2018 India's Tamil Nadu state deputy head said on Monday his government would take all steps to permanently shut a copper smelter run by London-listed Vedanta Resources after deadly protests demanding its closure on environmental grounds. Residents and environmental activists say emissions from the... 

Billionaire's battered miner may face investor, political unrest

By: Bloomberg     28th May 2018 A troubled 2018 so far for billionaire Anil Agarwal’s Vedanta may get worse amid concern that its key copper smelter in southern India could remain shut until 2019, further pressuring a stock that’s down 25% since the start of the year. Deadly protests last week over alleged pollution from the... 

Vedanta to stick to ops in Indian city despite deadly protests – co executive

By: Reuters     25th May 2018 London-listed Vedanta Resources plans to stick to operations in a southern Indian city despite protests demanding the closure of its copper smelter that killed 13 people this week, a company executive told Reuters on Friday. The company's position comes a day after the state of Tamil Nadu, where... 

Global crude steel production increases 4.1% y/y in April

By: Simone Liedtke     25th May 2018 Global crude steel production, as reported by the 64 countries reporting to the World Steel Association (worldsteel), was 148.3-million tonnes – a 4.1% increase compared with April 2017. China’s crude steel production for April was 76.7-million tonnes, an increase of 4.8% compared with April 2017. 

Agarwal wants to build Indian commodity giant to rival majors

By: Bloomberg     25th May 2018 Billionaire industrialist Anil Agarwal plans to leave behind a legacy: an Indian resources group to rival the world’s biggest. The founder and owner of Vedanta Resources wants to keep building the company into a giant producer of the commodities that India needs to curb its reliance on imports,... 

Mahindra, AIH start local bakkie assembly in Durban

By: Irma Venter     25th May 2018 Mahindra & Mahindra South Africa (MMSA) has initiated contract assembly of its Mahindra and Bolero bakkies in KwaZulu-Natal. Production volume will be 2 500 a year in a single shift, but can be increased to 4 000 units a year. Production is from semi-knockdown kits, imported from India through... 

EY’s Canadian Mining Eye Index falls in Q1

By: Henry Lazenby     25th May 2018 The EY Canadian Mining Eye Index has shown a decline in first-quarter performance, falling 8% from the fourth quarter of 2017, the professional services firm reported on Thursday. Based on the 2018 operating guidance released by the majority of Canadian gold mining companies, average production... 

Square Kilometre Array project, Africa and Australia

By: Sheila Barradas     25th May 2018 The South African component of the Square Kilometre Array radio telescope programme has become a major "headache" for the South African aviation sector. 

Indian thermal power plants reeling from coal shortages

By: Ajoy K Das     24th May 2018 Private and public thermal power plants across India are facing an acute shortage of coal, at a time when rising electricity demand during summer months has sent the spot price of electricity skyrocketing. According to data sourced from industry policy advisory body, the Central Electricity... 

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