http://www.engineeringnews.co.za
R/€ = 14.90 Change: -0.06
R/$ = 12.17 Change: -0.04
Au 1331.72 $/oz Change: -4.73
Pt 1012.50 $/oz Change: -0.51
 

Topic

Millennials snubbing diamonds has hedge fund seeing slump deepen

By: Bloomberg     19th January 2018 Diamonds are set to slump further, according to a hedge fund whose bet on marijuana made it the world’s best performer in 2016. Prices of the precious gem may slump as much as 10% this year as it loses appeal with younger consumers and faces challenges from synthetic alternatives, said... 

Flights to encounter increasing turbulence in the future, study shows

By: Irma Venter     19th January 2018 Flights all around the world could be encountering lots more turbulence in the future, according to the first ever global projections of in-flight bumpiness.   A new study published online in Geophysical Research Letters, a journal of the American Geophysical Union, has calculated that climate... 

Airbus reports that 2017 was another record year for airliner deliveries

By: Rebecca Campbell     15th January 2018 Airbus Commercial Aircraft, the airliner manufacturing arm of European aerospace giant Airbus Group, announced on Monday that last year it had set a new company record for annual deliveries of aircraft. These totalled 718 aeroplanes to 85 customers and amounted to a 4% increase over the 688... 

IFR gains Mexican drilling permit

By: Henry Lazenby     13th January 2018 The TSX-V-listed equity of oil and gas explorer International Frontier Resources (IFR) has gained about two-thirds this week after it announced on Thursday that it has received a drilling permit for its Tecolutla onshore oil and gas block, which it is developing with its Mexican joint venture... 

Global air travel passenger demand growth strengthens

By: Anine Kilian     11th January 2018 The International Air Transport Association said in a statement on Thursday that global passenger traffic results for November 2017 showed continued robust demand. Total revenue passenger kilometres rose 8% compared with November 2016 – the fastest growth rate in five months – and up from a 7.3%... 

Barrick, Premier ink wide-ranging Nevada focused exploration, development pact

By: Henry Lazenby     10th January 2018 Gold major Barrick Gold has signed a comprehensive exploration and development agreement with Premier Gold Mines that include toll-milling and exploration earn-in options for both companies at the McCoy-Cove and Rye projects. Premier announced on Wednesday that, under the terms of the agreement,... 

Growth of European gold-backed ETFs outpaces US funds in 2017 – WGC

By: Reuters     9th January 2018 European gold-backed exchange-traded funds added more than double the amount of t that North American ones did in 2017, growing their assets by 13.9%, the World Gold Council (WGC) said on Tuesday. Though North America contained more than half the amount of global exchange-traded fund holdings,... 

LafargeHolcim revamps management, trims executive board

By: Reuters     15th December 2017 LafargeHolcim is revamping its management structure to make countries more accountable for results, the world's largest cement maker said on Friday, in a bid to boost growth and performance. "The strengthening of the profit and loss responsibility of the countries and the simplification of global... 

First mover Noront shifts RoF focus to Cu/Zn exploration

By: Henry Lazenby     8th December 2017 With the first commitments in place to build roads into Northern Ontario’s emerging Ring of Fire (RoF) mining camp, regional first mover Noront Resources is taking the opportunity to continue to build out its inventory of polymetallic resources by prioritising copper/zinc targets for exploration... 

Electric vehicle growth puts pressure on nickel supply

By: Robyn Wilkinson     8th December 2017 Global research and consultancy firm Wood Mackenzie estimates that nickel demand for electric vehicle (EV) batteries will increase from about 40 000 t in 2016 to 220 000 t in 2025, as demand for hybrid, plug-in and full EVs grows in developed countrie 

Gold-backed ETFs increased by 9.1 t in November

By: Schalk Burger     6th December 2017 Gold-backed exchange-traded funds (ETFs) grew by 9.1 t during November, World Gold Council (WGC) data showed on Wednesday. With global gold-backed ETFs collectively holding 2 357 t, funds added 198 t of gold, equivalent to $8.5-billion, so far this year, which represents an increase of 8.3% in... 

Glencore-Canada venture hitched to low-carbon economy shift

By: Martin Creamer     5th December 2017 The joint venture partnership Glencore struck with a Canadian pension plan on Tuesday provides exposure to commodities that benefit from a low-carbon economy. BaseCore Metals, a 50:50 partnership centred on base metals streams and royalties, involves Glencore Canada Corporation contributing a... 

Nasa outlines the developments to watch in civil aeronautics

By: Keith Campbell     1st December 2017 The global aviation industry continues to be a rapidly growing sector, far from reaching maturity. This was stressed at the recent International Forum for Aviation Research (IFAR) open session at the Council for Scientific and Industrial Research (CSIR) International Convention Centre (ICC), in... 

Positive growth for filtration industry leading to 2022

     1st December 2017 The portable filtration systems market is expected to grow from an estimated $512.6-million in 2017 to $621.4-million by 2022, registering a compound yearly growth rate of 3.93 in this time. Market research company Markets and Markets explains that stringent government regulations, growth in... 

Nasa outlines the developments to watch in civil aeronautics

By: Keith Campbell     1st December 2017 The global aviation industry continues to be a rapidly growing sector, far from reaching maturity. This was stressed at the recent International Forum for Aviation Research (IFAR) open session at the Council for Scientific and Industrial Research (CSIR) International Convention Centre (ICC) in... 

Lake Charles Chemicals Project, US

By: Sheila Barradas     1st December 2017 Sasol has indicated that it no longer intends pursuing wholly owned commodity chemicals megaprojects. 

Sasol’s new strategy shuns GTL as specialty chemicals emerge as key growth driver

By: Terence Creamer     23rd November 2017 Chemicals and energy group Sasol is preparing to sell several assets, including its Canadian shale gas assets, following an overhaul of its corporate strategy, which eschews any further greenfield gas-to-liquids (GTL) investments in favour of smaller acquisitions and projects of between... 

Cobalt One shareholders approve merger with First Cobalt

By: Anine Kilian     21st November 2017 Junior cobalt miner Cobalt One’s shareholders have approved a merger with Toronto-based First Cobalt, which means that the companies are one step closer to creating the largest pure-play cobalt company in the world. Cobalt One announced on Monday that 99.995% of the shareholders’ votes were in... 

Bushveld Energy and Partners Deploy Eskom's First Vanadium Redox Flow Battery

     21st November 2017 Bushveld Minerals Limited , a mineral project development company with a portfolio of vanadium and coal assets in Southern Africa and an investment in tin, is pleased to announce that its 84%-owned energy subsidiary, Bushveld Energy Limited ("Bushveld Energy") has confirmed its first vanadium... 

India's US coal imports highest since 2015, seen up further on ban

By: Reuters     20th November 2017 India's coal imports from North America quadrupled to 2.1-million tonnes in October from a year ago, the highest since at least January 2015, Thomson Reuters data showed, and buyers are looking to boost purchases amid a domestic shortage of the fuel. A ban on the use of petroleum coke, a dirtier... 

Sappi reports quarterly Ebitda increase of 6%

By: Anine Kilian     16th November 2017 JSE-listed pulp and paper group Sappi’s earnings before interest, taxes, depreciation and amortisation (Ebitda) saw a 6% quarter-on-quarter increase to $221-million for the three months ended September 31. Commenting on the group’s performance, CEO Steve Binnie said on Thursday that the company’s... 

German minerals firm K&S lifts Q3 earnings, adjusts Canada mine ramp-up

By: Mariaan Webb     15th November 2017 German potash and salt producer K+S on Wednesday reaffirmed its earnings forecast for the full year, as it posted higher third-quarter revenue and earnings. The Kassel-headquartered company, which has production sites in Europe, North America and South America, increased its revenue by 6%... 

Datatec puts disappointing first half behind it, looks forward to improvements

By: Megan van Wyngaardt     13th November 2017 Information and communications technology solutions and services provider Datatec on Monday said trading in the first half of its 2018 financial year had been disappointing, with the company reporting earnings before interest, taxes, depreciation and amortisation of $39-million for the six months... 

Announcing noteworthy diamond finds keeps market interest high – Paragon International

By: Henry Lazenby     10th November 2017 A review of 61 diamond finds over the past five years, which were significant enough to warrant press releases by the companies that mined them, shows that announcing the diamond finds publicly keeps market interest high, said diamond investment specialist Paragon International Wealth Management... 

MSA acquires US firefighter protective clothing, boot manufacturer

     3rd November 2017 MSA has acquired Globe, a US manufacturer of firefighter protective clothing and boots. The acquisition of Globe strengthens MSA’s position as a clear market leader in North America for fire-service Personal Protective Equipment (PPE) products. Combined with Self-Contained Breathing Apparatus... 

Global airline association predicts air passenger traffic to double by 2036

By: Keith Campbell     3rd November 2017 The International Air Transport Association (IATA) has forecast that 7.8-billion people will travel by air in 2036. This will amount to a nearly 100% increase over the figure of 4-billion air passengers expected for this year. This projection is based on a average compound annual growth rate... 

SA Hippo Flameproof Submersible Slurry Pump Goes To Houston.

     1st November 2017 TARGA RESOURCES, with its headquarters in Houston, Texas, is a leading provider of midstream services in North America and is primarily engaged in the business of gathering, compressing, treating, processing gas, crude oil and the selling of refined petroleum products. At the TARGA RESOURCES’... 

US Energy Secretary defends its stance on nuclear and clean coal

By: Kim Cloete     26th October 2017 US Energy Secretary Rick Perry has defended the US government’s suggested pivot towards clean coal and nuclear energy, saying nuclear and coal producers had been discriminated against in the Obama era. “Basically, we’re saying the government is going to be fair to nuclear and coal . . . no... 

Freeport trades lower on earnings miss as production falls

By: Henry Lazenby     25th October 2017 The NYSE-listed equity of the world’s second-largest publicly traded copper miner by market capitalisation traded as much as 3.87% lower on Wednesday, despite confidently beating earnings forecasts as lower-than-expected output weighed on investor sentiment. For the three months ended September... 

Bullish Caterpillar rebounds, beats Q3 profit, revenue forecasts

By: Henry Lazenby     24th October 2017 US industrial equipment manufacturer Caterpillar has surprised investors with a significantly higher profit for the three months ended September, as higher sales volume and its focus on cost discipline resulted in improved profit margins across the three main business segments. The Deerfield,... 

Global steel production for 9 months to Sept up 5.6% y/y

By: Anine Kilian     23rd October 2017 Global crude steel production for the first nine months of this year reached 1.27-billion tonnes – a 5.6% year-on-year increase. The World Steel Association (worldsteel) on Monday reported that Asia had produced 876.3-million tonnes of crude steel in the first nine months of this year, an... 

Flights are going to get a lot more bumpy, says new research

By: Irma Venter     20th October 2017 Flights all around the world could be encountering lots more turbulence in the future, according to the first ever global projections of in-flight bumpiness.   A new study published online in Geophysical Research Letters, a journal of the American Geophysical Union, has calculated that climate... 

Bauma CONEXPO AFRICA: numerous industry leaders on board

By: Creamer Media Reporter      20th October 2017 The economic comeback of Sub-Sahara and positive market opportunities in South Africa are reflected in the number of companies that have already signed up for the upcoming bauma CONEXPO AFRICA. The third international trade fair for construction machinery, building material machines, mining... 

Kariba South Extension Project reaches 85% completion milestone

     9th October 2017 The Kariba South Extension Project on the Zambezi River is 85% complete, and is on track for completion in March 2018, reports Hatch, the Owner’s Engineer on the massive project. This flagship infrastructure project was initiated by the Zimbabwe Power Company (ZPC) due to an acute power shortfall... 

Transforming V&A's grain silos into Africa's largest contemporary art museum

By: Kim Cloete     6th October 2017 After four years of cutting, carving and engineering what at times seemed near impossible, the V&A Waterfront’s giant, historic grain silo has been transformed into the world’s largest museum dedicated to contemporary art from Africa. In an architectural and engineering feat, the nearly... 

Transforming V&A’s grain silos into Africa’s largest contemporary art museum

By: Kim Cloete     6th October 2017 After four years of cutting, carving and engineering what at times seemed near impossible, the V&A Waterfront’s giant, historic grain silo has been transformed into the world’s largest museum dedicated to contemporary art from Africa. In an architectural and engineering feat, the nearly... 

Company upgrades Verderflex Vantage 5000

     6th October 2017 Pumps products and services provider Verder Liquids, part of the Verder Group, has released a new remote terminal unit (RTU) version of its Verderflex Vantage 5 000 peristaltic pump. The RTU brings easier system integration and real-time communication to form a sophisticated, remotely operated... 

North America only region to record positive gold ETF flows in Sept – WGC

By: Henry Lazenby     4th October 2017 North America has added the most physical gold holdings that back shares of an exchange traded fund (ETF) of all the regions, the World Gold Council (WGC) revealed in its October ‘Gold ETF holdings update’, published on Wednesday. During the month of September, North America led inflows for the... 

First
Prev
1
2 3 4 5 6 7 8 9 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
Free daily email newsletter Register Now
Register Close