R/€ = 14.09 Change: 0.00
R/$ = 12.97 Change: 0.17
Au 1270.83 $/oz Change: -15.81
Pt 958.50 $/oz Change: -17.50


Dredging of Port of Maputo access channel completed

By: Irma Venter     14th April 2017 The dredging of the access channel to the Port of Maputo from 11 m to up 14.4 m (chart datum) has been completed. “Those three additional metres allow us to affirm, with pride, that we are a port prepared to receive Capesize ships,” says Maputo Port Development Company (MPDC) CEO Osório Lucas. 

World's newest copper mine is a loner until prices rebound

By: Bloomberg     8th March 2017 The end of the commodities super-cycle has left just one new major copper mine on the verge of production. Its owner says prices need to recover further before others are built. Cobre Panama, a sprawling openpit mine being developed by First Quantum Minerals in the central American nation, is set... 

Port of Maputo entrance channel dredge completed

By: Irma Venter     1st March 2017 The dredging of the access channel to the Port of Maputo from 11 m to up 14.4 m (chart datum) has been completed. “Those three additional metres allow us to affirm, with pride, that we are a port prepared to receive Capesize ships,” says Maputo Port Development Company (MPDC) CEO Osório Lucas. 

Growth in copper supply to slow through 2020 – ICSG

By: Henry Lazenby     24th February 2017 Global copper mine production growth is expected to slow to 2.5% a year through 2020, down from an average growth rate of almost 4% a year in the last five years, the International Copper Study Group (ICSG) said on Thursday. The Lisbon, Portugal-based think tank cited continued delays in project... 

The great autocrat

By: Keith Campbell     16th December 2016 One of the highest points of my career as a journalist happened, back in 1994, when I interviewed then Cuban President Fidel Castro, in Pretoria. He was attending the inauguration of President Nelson Mandela. Castro was unquestionably a very impressive man. And there can be no doubt that, love... 

The impending trade facilitation agreement

By: Riaan de Lange     16th December 2016 Two years ago, December 12, 2014 to be exact, my last column for the year was simply titled, ‘Trade facilitation’, and now again, my final column for 2016 is devoted to trade facilitation - the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) that is. This time around, however,... 

‘Get out of Jail Free’ card

By: Riaan de Lange     28th October 2016 The nonalcoholic equivalent of igniting tens fights to a bottle in most South African family environment of years gone by was, without doubt, a board game. What would a scarred childhood be without a single memory of a board game that escalated to a battle of wills, culminating in a full-blown... 

Supply of LNG increasing despite economic downturn

By: Kimberley Smuts     26th August 2016 Although there has been a global slowdown in economic activity, global liquefied natural gas (LNG) supply has increased, owing to a surge in supply projects approved before the drop in the price of gas in 2014, says KPMG energy economist Dr Requier Wait. “On the demand side, gas-fired power... 

Panama Canal expansion project, Panama

By: Sheila Barradas     12th August 2016 The Panama Canal has added a third set of locks, one at each end of the Pacific and Atlantic coasts of the canal. 

First Quantum sets new quarterly records for production, sales

By: David Oliveira     29th July 2016 Canadian base metals producer First Quantum Minerals (FQM) set a new quarterly record for copper production and sales of 131 349 t and 132 030 t, respectively, in the three months to June 30, surpassing previous records set in the first quarter of this year. The company’s Sentinel copper mine, in... 

Dover Systems announces more major International orders.

     18th July 2016 South African Psychometric Testing Program – The Dover Test –Latest export orders to Guinea Bauxite, West Africa and Panama Gold, has expanded its positive degree of international success. The Dover Test ( with has been an industry standard for the past 30 years.  Expansion... 

Inaugural World Canals Awards opens for entries

     8th July 2016 Scottish Canals has launched the first-ever World Canals Awards and is calling for organisations from around the globe to submit engaging, innovative and inspirational projects taking place on and along the world’s waterways. The winners will be announced at the prestigious World Canals... 

Copper’s $149bn mine pipeline stalls as deficit nears

By: Bloomberg     7th July 2016 The $149-billion pipeline to expand the world’s copper supply is running into trouble. Producers are counting on expansions and the development of new operations to meet supply shortages they forecast arriving toward the end of the decade. The plans are fraying as reluctant lenders, political... 

Bell spreads its dealer footprint across South America

     28th June 2016 The appointment of three new dealers in South America in recent months has positioned South African heavy equipment manufacturer and Articulated Dump Truck specialist, Bell Equipment, to expand its footprint and market share on the continent. Raico SA and Seijiro Yazawa Iwai, two Liebherr... 

Bellhaven stock rises 20% on closing oversubscribed offering

By: Henry Lazenby     25th June 2016 Panama and Colombia-focused explorer Bellhaven Copper & Gold’s shares listed on the TSX-V jumped 20% on Friday after the company announced that its nonbrokered private placement offering of C$500 000, which was later increased to $620 000, owing to better-than-expected investor demand, had... 

World Canals Conference speakers announced

     10th June 2016 The 2016 World Canals Conference is shaping up to be the best yet, with a trio of high-profile experts from the Americas the latest additions to an array of world-renowned speakers set to take part in the prestigious event in Scotland this September. Hosted on the banks of the majestic Caledonian... 

Post-Panama, there are lessons to be learnt in fighting corruption 

By: Natasha Odendaal     30th May 2016 The so-called Panama Papers should be used as a launchpad to develop multi-jurisdictional efficiencies and to promote an exchange of best practices globally to fight corruption and mitigate widespread illicit financial flows. Swiss Foreign Ministry public international law and legal adviser and... 

Transparency equals bankability, World Diamond Congress hears

By: Martin Creamer     19th May 2016 The large number of bad-debt bankruptcies in the diamond industry in recent years was aired on the second day of the 37th World Diamond Congress in Dubai, where much emphasis was again placed on the critical need for financial transparency. De Beers commercial development head Howard Davies drew... 

Miners adapting to more austere fundamental backdrop – report

By: Henry Lazenby     17th May 2016 Mining companies, in general, are adapting to a more austere fundamental backdrop, despite a recent announcement in Chinese media that the country would be removing stimulus and reprioritising reforms, which caused significant apprehension during Bank of America Merrill Lynch’s (BofAML’s) recent... 

Deal struck for disposal of SABMiller’s Panamanian business

By: Tracy Hancock     13th May 2016 Multinational brewing and beverage company Anheuser-Busch InBev (AB InBev) has agreed to transfer JSE-listed SABMiller’s Panamanian business to Latin-American brewing company Ambev, should its merger with the South African beer and soft drinks company be successful. In exchange, Ambev agreed to... 

G-20 threatens penalties on tax havens

By: Bloomberg     29th April 2016 Group of 20 (G-20) economies threatened to penalise havens that don’t share information on their banking clients after the leak of the Panama Papers provoked a global uproar over tax evasion. The G-20 will consider “defensive measures” against financial centers and jurisdictions that don’t commit... 

Costa Norte liquefied natural gas project, Panama

By: Sheila Barradas     22nd April 2016 The project comprises the development, construction, operation and maintenance of an integrated gas-to-power project on Telfers Island. 

Urgent probe for Zimplats after Panama Papers leak

By: News24Wire      6th April 2016 Impala Platinum and government officials in Zimbabwe will probe the alleged involvement of the company's Zimplats unit after leaked papers showed it used an offshore company to pay salaries of management in Zimbabwe. Fin24 reported on Monday that Zimplats had been implicated in the Panama Papers.... 

Call for action against Khulubuse Zuma after he is named in Panama Papers

By: African News Agency      4th April 2016 Solidarity on Monday called on liquidators of the failed mining company Aurora to investigate Khulubuse Zuma after his name was mentioned in the Panama Papers, an unprecedented leak of 11.5-million files from the database of Mossack Fonseca, a law firm specialising in offshore business. Zuma,... 

Panama Canal expansion project

By: Sheila Barradas     18th March 2016 The testing of the Atlantic-facing Agua Clara locks’ water-saving basins has been completed. 

World Canals Conference speakers & sponsors announced

     15th March 2016 The 2016 World Canals Conference is shaping up to be the best yet, with an array of world-renowned speakers and high-profile sponsors signing up to take part in the prestigious event in Inverness this September. Hosted on the banks of the majestic Caledonian Canal, the conference will see... 

First Quantum rings the alarm bell

By: Henry Lazenby     20th February 2016 Base metals miner First Quantum Minerals on Thursday night rang the alarm bell that it might be at risk of breaching certain debt financing covenants this year, placing the company’s ability to continue operating as a going concern in jeopardy. The Vancouver-based company had been dealing with a... 

DMCC Executive Chairman Ahmed Bin Sulayem receives honorary membership during visit to World Jewelry Hub

     9th February 2016 Ahmed Bin Sulayem, Executive Chairman, DMCC, has been presented with Honorary Membership of the World Jewelry Hub its Chairman Eli Izhakoff in Panama City this week. Ahmed Bin Sulayem, also the Chairman of the Kimberley Process, visited Panama as a guest of the WJH. During the visit, he was... 

Diamante strikes royalty deal to restart Molejon ops

By: Henry Lazenby     4th February 2016 US minerals explorer Diamante Minerals has concluded negotiations with Molejon mine owner Petaquilla Gold for royalties on gold produced at the Panama-based mine. The explorer agreed to a 12.5% royalty for 12 months on 1 000 a month, and a further 5% royalty on every ounce produced above that... 

Panama Canal expansion project

By: Sheila Barradas     22nd January 2016 The Panama Canal is another step closer to opening this year. 

Alstom secures €6.3bn of orders in nine months to Dec

By: Natalie Greve     14th January 2016 French rail multinational Alstom secured €2.34-billion worth of orders in the quarter ended December 31, 2015, compared with the €1.61-billion of orders secured in the three months to December 2014. Major commercial successes for the quarter under review included the provision of regional trains... 

LaLiga actively participates in Paris at the meeting that has resulted in the creation of this organization, which will start work in January 2016

     2nd December 2015 Throughout the day on Tuesday, December 1, the best football competitions in the world held the second meeting of the World Leagues Forum in Paris (France) with the aim of exchanging positions, reach points of agreement, to maintain its unity and increase their influence within the world football... 

Panama metro network – Line 2 project

By: Sheila Barradas     23rd October 2015 The project involves the supply of an integrated system to equip metro Line 2, in Panama. 

Ingeteam signs four new PV operation and maintenance contracts

     14th October 2015 These contracts enable Ingeteam to gain a foothold in the PV operation and maintenance market in Honduras and Uruguay. Ingeteam has also won new contracts in the United Kingdom and Panama. Ingeteam is now a leader in Operation and Maintenance services, given the fact that the company currently... 

Panama natural gas-fired generation plant

By: Sheila Barradas     9th October 2015 The project includes the construction of a slow-emission, 350 MW combined-cycle natural gas-fired plant. 

Sentinel development on track, as First Quantum takes steps to maintain financial stability

     6th October 2015 A stabilising electricity supply situation in Zambia is leaving dual-listed First Quantum Minerals hopeful that its Sentinel project will ramp up to commercial production by the end of this year. The project’s ramp-up had been affected by the limited power supply available in the country, as... 

Panama Canal expansion project

By: Sheila Barradas     2nd October 2015 The expansion project has reached 93% completion. 

Omnia appoints new explosives division MD

By: Sashnee Moodley     18th September 2015 JSE-listed chemicals group Omnia has appointed Joseph Keenan the new MD of its explosives division, Bulk Mining Explosives. Group CEO Rod Humphris said in a statement to shareholders on Friday that Keenan was an accomplished international executive with more than 20 years of global experience in... 

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