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Kenmare Q2 production in line with expectations, reduces debt

By: Simone Liedtke     17th July 2018 LSE-listed mineral sands producer Kenmare Resources produced 377 900 t of heavy mineral concentrate (HMC) in the second quarter ended June 30, a 5% increase on the 359 200 t produced in the first quarter of the year, in line with expectations. Ilmenite production for the second quarter was 238... 

Study indicates FDI can provide credible solutions to several social issues

By: Simone Liedtke     17th July 2018 If guided wisely, foreign direct investment (FDI) can provide credible solutions to inequality, and alleviate urban poverty and unemployment, the United Nations Human Settlements Programme (UN-Habitat) said on Tuesday with the release of its ‘State of the African Cities 2018’ report. Drawing on a... 

Study indicates FDI can provide credible solutions to several social issues

By: Simone Liedtke     17th July 2018 If guided wisely, foreign direct investment (FDI) can provide credible solutions to inequality, and alleviate urban poverty and unemployment, the United Nations Human Settlements Programme (UN-Habitat) said on Tuesday with the release of its ‘State of the African Cities 2018’ report. Drawing on a... 

Bass reaching for nameplate capacity at Graphmada

By: Esmarie Swanepoel     17th July 2018 Graphite miner Bass Metals is expected to reach its Stage 1 nameplate capacity of 500 t/m at its Graphmada project, in Madagascar, by the end of the first quarter of 2019. The company said on Tuesday that the production of premium graphite concentrate has steadily increased, with Bass now... 

Brazilian aerospace group predicts strong growth in smaller airliner segment

By: Rebecca Campbell     16th July 2018 Brazilian aerospace group Embraer, one of the world’s top two regional jet manufacturers, has forecast a global demand for 10 550 new airliners with capacities of 150 seats or less, over the next 20 years. This prediction was released on Sunday at Farnborough in the UK, the day before the start... 

Others expected to follow Coca-Cola’s solar leadership as costs fall

By: Simone Liedtke     13th July 2018 Coca-Cola Beverages South Africa (CCBSA), Coca-Cola’s bottling partner in South Africa, is aiming to have 25% of its electricity powered by renewable sources by 2025. The company says the first 10% of this renewable energy, about 18-million kilowatt hours a year, will be rolled out nationwide... 

Others expected to follow Coca-Cola’s solar leadership as costs fall

By: Simone Liedtke     13th July 2018 Coca-Cola Beverages South Africa (CCBSA), Coca-Cola’s bottling partner in South Africa, is aiming to have 25% of its electricity powered by renewable sources by 2025. The company says the first 10% of this renewable energy, about 18-million kilowatt hours a year, will be rolled out nationwide... 

Coal to remain a significant energy source for decades – WCA

By: Nadine James     13th July 2018 Coal will remain a vital growth enabler and source of energy for decades to come, says World Coal Association CEO Benjamin Sporton. He notes that demand for coal will remain stable to positive, as a result of increased industrialisation and electrification, especially in Africa and South-East Asia. 

Bluejay's Dundas may be attractive to Rio Tinto – analysts

By: Mariaan Webb     12th July 2018 The closure of Rio Tinto's South African subsidiary Richards Bay Minerals (RBM) as a result of violent protests this week, may play into the hand of London- and Frankfurt-listed Bluejay Mining, which is developing the Dundas ilmenite project, in Greenland. The project is said to be the... 

Modest growth in device shipments expected this year – Gartner

By: Schalk Burger     10th July 2018 Worldwide shipments of devices, including personal computers (PCs), tablets and mobile phones, are on pace to record 0.9% growth this year to reach 2.28-billion units, says market research and advisory multinational Gartner. The PC and tablet market is expected to decline by 1.2% this year, while... 

Dafo Vehicle Fire Protection AB emerges into the world

9th July 2018 Dafo Brand AB in Sweden has decided to separate its vehicle fire detection and suppression operations from its core fire safety equipment business. Dafo Vehicle Fire Protection AB will be in operation from July 1, 2018. “The purpose of this change is to more closely focus on the long term... 

Shell ramps up in Kitimat, raising Canada’s C$40bn LNG hopes

By: Bloomberg     9th July 2018 A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell and its partners are ready to go ahead with the nation’s largest infrastructure project: a C$40-billion liquefied natural gas terminal that could at last unlock energy exports to Asia. The action is... 

2018 to be a pivotal year for ICT industry, report asserts

By: Natasha Odendaal     6th July 2018 With the unprecedented continuous and rapid developments in fifth-generation (5G) and the Internet of Things (IoT), 2018 will not be “just another year” for an industry that has become accustomed to high smartphone subscription and mobile traffic growth. Over the next five years, there are... 

Tanzania approves first large-scale wind farm project

By: John Muchira     6th July 2018 The authorities in Tanzania have granted Australian company Windlab approval to build a 300 MW wind farm, which is expected to contribute significantly to the country’s energy needs. This comes after Windlab's local subsidiary, Windlab Developments Tanzania, was awarded an environmental- and... 

ROD for Midas Gold’s Idaho project expected in March 2020 

By: Mariaan Webb     4th July 2018 The United States Forest Service (USFS) has updated the anticipated permitting schedule for the Stibnite gold project, in central Idaho, pencilling in a final record of decision (ROD) date for March 2020, TSX-listed Midas Gold reported on Tuesday. A draft environmental impact statement (EIS) for... 

SA retailer pilots compostable bags with customers on International Plastic Bag Free Day

4th July 2018 Pick n Pay chairman calls for Government action, investment in recycling and waste management Pick n Pay became the first South African retailer to trial compostable bags as an environmentally friendly alternative to plastic bags. The one-day trial at its V&A Waterfront store will gauge customer... 

Pick n Pay trials compostable carrier bags in Cape Town

By: Marleny Arnoldi     3rd July 2018 Pick n Pay has become the first South African retailer to trial compostable bags as an environment-friendly alternative to plastic bags.  

When the going gets tough, the tough get railing

By: Creamer Media Reporter      3rd July 2018 Earlier this year, it was widely reported that Zambia had passed a statutory ruling which instructed firms (affecting mostly Mining), to transport at least 30% of their heavy and bulk freight volumes by rail. To place this into perspective, it is estimated that only 5% of the total freight moved... 

Mondi says completes acquisition of Egypt's NPP in Egypt

By: African News Agency      21st June 2018 Paper and packing company Mondi said late on Wednesday it had completed the acquisition of Egypt's National Company for Paper Products (NPP) for the equivalent of €24-million on a debt and cash free basis. NPP, which operates an industrial bags plant in Giza near Cairo, will be integrated into... 

Bluebird to acquire another Australian cobalt project

By: Anine Kilian     12th June 2018 TSX-listed Bluebird Battery Metals has entered into a binding letter of intent to acquire 100% of the rights, title and interest in the granted exploration licences of the Ashburton cobalt project, in Western Australia.   “A key reason we selected the Ashburton project, other than the style and... 

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... 

No let up on calls for flow-through model to boost exploration

By: Martin Creamer     7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... 

Cruz to acquire base metals projects in Norway

By: Creamer Media Reporter      4th June 2018 TSX-V-listed Cruz Cobalt has signed a letter of intent with EMX Royalty and Fennoscandian Investment Group to acquire two cobalt/nickel/copper projects in Norway. “We are pleased to have the opportunity to acquire these projects. The properties are 

Altus Strategies lists on TSX-V, retains Aim-listing

By: Simone Liedtke     4th June 2018 Exploration project generator Altus Strategies is now dually listed on the London Stock Exchange’s Aim and the TSX-Venture Exchange, with ordinary shares expected to start trading on TSX-V on June 6. As at the listing date, the company had just over 176-million shares in issue and had granted... 

Trump metal tariffs send corporate Canada reeling in disbelief

By: Bloomberg     2nd June 2018 To get a sense of the disbelief gripping Canadian manufacturers since the U.S. imposed metal import tariffs, have a chat with Marc Dutil. “I just want to scream,” the CEO of structural-steel maker Canam Group said Friday by phone. “All this is doing is creating uncertainty. It’s the last thing... 

JST to introduce Swarm in July

By: Melissa Zisengwe     1st June 2018 Local corrosion control solution provider JST in association with Total Heating Solutions, or THS, will introduce Swarm, a new corrosion-monitoring system, to the South African market next month, following its distribution agreement finalisation with US-based corrosion and erosion monitoring... 

Datatec optimistic about full Westcon turnaround within two years

By: Natasha Odendaal     1st June 2018 International information and communications technology company Datatec expects its embattled Westcon International portfolio to return to profitability within the next year, with a full turnaround emerging within two years. Datatec, which recently disposed of its businesses in North America and... 

Gender inequality in earnings hampers human capital wealth, economy – World Bank Group

By: Marleny Arnoldi     30th May 2018 Globally, countries are losing $160-trillion in wealth because of differences in lifetime earnings between women and men, says World Bank Group.  

Phoenix raises funds for Idaho copper mine BFS

By: Creamer Media Reporter      29th May 2018 Aim-quoted, North American-focused Phoenix Global Mining on Tuesday announced that it would raise £3-million to further advance the historically producing Empire mine in Idaho, in the US. Phoenix would deploy the proceeds of the raising to build on the April 2018 preliminary economic assessment... 

Northern Dynasty tumbles on First Quantum’s Pebble pull-out

By: Henry Lazenby     25th May 2018 The TSX-traded stocks of base metals producer First Quantum Minerals and Northern Dynasty Minerals tumbled on Friday following an overnight joint announcement that the companies have terminated a 2017 framework accord that envisioned the partners closing an option and partnership transaction to... 

465 TWh of renewable energy sourced by companies in 2017 – Irena

By: Simone Liedtke     24th May 2018 Companies in 75 countries actively sourced 465 TWh of renewable energy in 2017, an amount close to the overall electricity demand of France, a new report by the International Renewable Energy Agency (Irena) states. With the continued decline in the costs of renewables, the report suggests that... 

Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

24th May 2018 IRENA study shows world market for corporate sourcing of renewable electricity reached 465 terawatt hours in 2017 – enough to power a country the size of France Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall... 

Nemaska Lithium secures funding for mine with C$400m equity raise

By: Reuters     23rd May 2018 Canada's Nemaska Lithium said on Tuesday it had secured funding of up to C$402-million ($314-million) from investors, which it plans to use to build a mine and processing plant to produce lithium, the key ingredient for rechargeable batteries. This brings to more than C$1.1-billion the amount of... 

Mining gear maker Metso picks CEO from Finnair

By: Reuters     21st May 2018 Finnish engineering company Metso said on Monday it had picked Finnair CEO Pekka Vauramo as its new chief executive officer. Vauramo is expected to bring stability to the business following the surprise departure of the previous CEO Nico Delvaux after less than a year in the job. 

Murray & Roberts Announces The Potential Combination With Aveng Limited

18th May 2018 Murray & Roberts Holdings Limited (“Murray & Roberts”) today announced a potential transaction, proposing to make an all share offer to acquire the entire issued share capital of Aveng Limited (“Aveng”), as well as to implement a solution to enable the early redemption of the Aveng convertible... 

Collaboration agreement between Western Cape and Quebec to open markets for green economy players

17th May 2018 GreenCape and Écotech Québec, Canada’s foremost cleantech cluster organisation, signed a framework collaboration agreement during the 9th Regional Leaders Summit, which is taking place this year in Quebec City, Canada. The signing ceremony was attended by Quebec Premier Philippe Couillard and... 

Disposals hit Datatec’s FY18 earnings

By: Natasha Odendaal     17th May 2018 International information and communications technology (ICT) group Datatec posted earnings per share (EPS) of 20.5c for the year ended February 28, compared with the 1.4c reported in 2017, owing to the profits on the disposal of two businesses during the period under review. The company,... 

Pre-construction work gets under way at Nevada Copper’s promising Pumpkin Hollow

By: Henry Lazenby     11th May 2018 The proponent of what will probably be North America’s next new copper mine development, Nevada Copper, has signed a pre-works agreement with Cementation USA and secured key long-lead time items, further derisking the restart of construction of the company's fully permitted and shovel-ready... 

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