R/€ = 14.39 Change: 0.08
R/$ = 12.86 Change: 0.07
Au 1245.17 $/oz Change: 1.23
Pt 920.50 $/oz Change: 1.50


Musina Intermodal Terminal to improve cross-border trade

By: Schalk Burger     26th June 2017 The Musina Intermodal Terminal (MIT), launched on Monday, is set to reduce the cost of cross-border trade, especially for bulk commodities, on the North-South trade corridor. The terminal, about 3 km outside Musina and about 13 km from the Beitbridge border post, will serve to move commodities,... 

Elandshaven Interchange

     26th June 2017 One of Gauteng’s gate-way interchanges is set for a major development expansion over the coming months. Superbly located at the intersection of the N3 highway and Rand Airport Road, right on the Elandsfontein interchange, the highly visible development site is on the preferred side of the busy... 

Southern Africa’s first SDLG wheel loader continues to head operations at South African bulk terminals

     26th June 2017 The very first SDLG wheel loader, an LG958L, to be sold in southern Africa by regional dealer Babcock International, has now amassed some 5,000 operating hours in extreme conditions at South African Bulk Terminals (SABT) in Durban. Despite the workload already under its belt, the machine... 

Yancoal said to add new incentives to offer for Rio coal assets

By: Bloomberg     26th June 2017 China-controlled Yancoal Australia added new incentives to its offer for Rio Tinto Group’s Australian coal assets to fend off a last-minute challenge by rival Glencore, according to a person with knowledge of the situation. Yancoal submitted a revised offer and will release details of the... 

Nova to reach commercial production by end of June

By: Esmarie Swanepoel     26th June 2017 The Nova nickel/copper/cobalt mine, in Western Australia, is expected to reach commercial production by the end of June, ASX-listed Independence Group said on Monday. Since commissioning started in October last year, the processing plant has been constrained by ore production from the... 

Concor Infrastructure Showcases Engineering Excellence On Complex Road Contract

     26th June 2017 Concor Infrastructure is currently constructing one of the largest road infrastructure developments undertaken by its client, the South African National Roads Agency SOC Limited (SANRAL,) in KwaZulu-Natal. It is constructing 33 km of dual carriageway on the N2 between the Mtunzini Toll Plaza and... 

WA miners facing higher port fees

By: Esmarie Swanepoel     23rd June 2017 Western Australia’s miners will be hit with additional shipping fees of between 3c/t and 4c/t as part of the state government’s efforts to plug revenue losses. Transport Minister Rita Saffioti said on Friday that port fees for the state’s biggest companies would increase as part of the state’s... 

Djibouti commissions $590m multipurpose port

By: John Muchira     23rd June 2017 Djibouti has commissioned its $590 state-of-the-art Doraleh multipurpose port, at a time when fellow East African nations Kenya and Tanzania are investing heavily in port expansion in a bid to become the region's shipping hub. The new port, which occupies a 690 ha site, comprises 15 berths that... 

Drive supplier remains committed to continent

By: Nadine James     23rd June 2017 German drive engineering group SEW Eurodrive remains committed to Africa despite political and economic instability in parts of the continent, says local subsidiary SEW Eurodrive South Africa (SA). SEW Eurodrive SA MD Raymond Obermeyer says while the political upheaval and economic uncertainty... 

Innovative software ensures security in manufacturing automation

     23rd June 2017 Owing to rapidly advancing manufacturing innovations and technologies bringing about disruptions in the software and technology currently used in manufacturing, family-owned enterprise resource planning (ERP) software company Global Shop Solutions’ cloud ERP has many benefits, a notable one being... 

Malawi awards contract for rehabilitation of border road

By: Marcel Chimwala     23rd June 2017 The Malawi government has awarded China's Zhejiang Provincial Transportation Engineering Construction the tender to rehabilitate a 46 km road stretch from Karonga to Songwe, near the border with Tanzania. The project will be financed by a loan from the World Bank’s International Development... 

VWSA trust makes first investment to grow black supplier base

By: Irma Venter     22nd June 2017 Volkswagen Group South Africa (VWSA) on Thursday officially launched its broad-based black economic empowerment (B-BBEE) Initiatives Trust. The aim of the trust is to increase the number of black-owned suppliers in the automotive sector value chain.  

Kenya joins Africa Finance Corporation

By: Megan van Wyngaardt     21st June 2017 Kenya is the latest country to become a member of Pan-African multilateral development finance institution, the Africa Finance Corporation (AFC).   Kenya is the AFC’s fifteenth member and its third East African member after Rwanda and Uganda. The other members are Cabo Verde, Chad, Côte d’Ivoire,... 

Cup Final, Battle Royale.

     21st June 2017 Engen, South Africa’s leading petroleum brand*, would like to congratulate SuperSportUnited on reaching the final of the 2017 Nedbank Cup, played on Saturday June 24 at the Moses Mabhida Stadium. Kick-off is at 20h15.   Supersport United and Orlando Pirates have been in some major battles this... 

Western Areas sees production at top end of guidance

By: Esmarie Swanepoel     21st June 2017 Nickel miner Western Areas expects its full-year production to be at the top end of its guidance, following a strong second half. The miner expects to produce between 25 000 t and 26 000 t of nickel in ore, and between 22 000 t and 23 00 t of concentrate. 

Nevsun restarts copper concentrate sales

By: Henry Lazenby     20th June 2017 Base metals producer Nevsun Resources has resumed sales of copper concentrate produced from primary ore at the Bisha mine, in Eritrea. The Vancouver-based miner reported on Tuesday that it has sold and shipped 5 800 t of concentrate to an international trader on competitive commercial terms. 

Busiest project bidding period ever – ELB

By: Martin Creamer     20th June 2017 Johannesburg Stock Exchange-listed ELB Group is having its busiest project bidding period ever, and is seeing a strengthening in base metals and great opportunities in gold. “In the last six months, we’ve experienced our busiest bidding period ever,” ELB Group CE Dr Stephen Meijers told Mining... 

Leading Edge hits significant lithium, tantalum in Sweden

By: Henry Lazenby     20th June 2017 Junior explorer Leading Edge Materials will immediately launch a follow-up drilling campaign at its Bergby lithium project, in Sweden, after its most recent drill campaign returned “strongly positive” intersections of two new near-surface targets that exceed 16 m in thickness at greater than 1%... 

Africa should embrace private sector infrastructure investment

By: Irma Venter     19th June 2017 The public sector in Africa should understand and nurture the idea that increased private sector investment in infrastructure is the best way to achieve “intense job creation”, and to incentivise funding and skills transfer, says Nigerian Society of Engineers infrastructure and public-private... 

Amplats' exit from Brazil platinum prospect sparks London listing

By: Martin Creamer     19th June 2017 The withdrawal of South Africa’s Anglo American Platinum (Amplats) from a platinum group metals (PGM) project in Brazil has opened the way for Jangada Mines to acquire the asset and head for the London Aim to raise an initial £2-million in equity capital to fund the project. Jangada chairperson... 

S Australian govt welcomes Arrium sale

By: Esmarie Swanepoel     16th June 2017 South Australian Treasurer Tom Koutsantonis has welcomed a decision by the administrators of Arrium Mining and Materials, after the company confirmed that a Korean consortium had been chosen as the preferred bidder for the group of companies. The consortium is led by Newlake Alliance Management... 

Buru restarts production at Ungani

By: Esmarie Swanepoel     16th June 2017 ASX-listed Buru Energy has restarted oil production from its Ungani oilfield, in the Kimberley region of Western Australia. Production at Ungani was suspended in January 2016, following the deterioration of the oil price. 

Cliffs picks Toledo site for first hot briquetted iron plant

By: Henry Lazenby     16th June 2017 US iron-ore producer Cliffs Natural Resources has chosen Toledo, Ohio as the site to develop its first hot briquetted iron (HBI) production plant – a $700-million expansion to Cliffs’ production capabilities targeting the electric arc furnace steel market. Cliffs advised that it is currently in... 

Bosasso multipurpose port project, Somalia

By: Sheila Barradas     16th June 2017 P&O Ports has won a 30-year concession for the management and development of a multipurpose port project. 

Composites cluster charts way forward for basalt in composites

By: Irma Venter     16th June 2017 Nelson Mandela Bay Composites Cluster MD Andy Radford says the cluster has mapped the value chain for the production and application of basalt in composites. He says the cluster is at an advanced stage of securing local and global beneficiators and buyers for the mineral for use in composite... 

Distribution network helps facilitate equipment access

     16th June 2017 Fabricators can now access welding consumables and equipment aupplier ESAB’s welding machines, consumables, automation equipment and gas apparatus following the its partnership with industrial equipment supplier Howden Donkin’s distribution and logistics network. 

Local airline announces new routes after public survey

By: Keith Campbell     16th June 2017 South African low cost carrier FlySafair announced at the beginning of the month that it was launching new routes on its network. These will be between Durban and East London and Durban and Port Elizabeth. The new routes will be in operation by the end of November. The decision to implement these... 

South African farmers position themselves for macadamia boom

By: Bloomberg     16th June 2017 Booming demand for macadamias is transforming farmland in eastern South Africa, as landowners switch focus from bananas and sugarcane to the creamy nuts used in sweet treats from ice cream to cookies. First introduced in South Africa in the 1960s, evergreen macadamia nut trees are grown on farms... 

World’s longest-wingspan aircraft begins testing

By: Dylan Slater     16th June 2017 The title of the world’s largest aircraft by wingspan has been claimed by the newly constructed Stratolaunch Aircraft, currently under development at the Mojave Air & Space Port in Mojave, California, in the US.  

Fishing Line Recovery Programme expands thanks to DPI Plastics

     15th June 2017 DPI Plastics’ involvement with the Fishing Line Recovery Programme, aimed at preserving South Africa’s marine heritage, has seen the initiative extend to 360 bins along the coast. The bins are proudly branded with the DPI Plastics logo, helping entrench the company as the main custodian of the... 

China iron-ore bounces off 7-month low as steel recovers

By: Reuters     14th June 2017 China's iron-ore futures bounced back from a seven-month low on Wednesday, tracking a recovery in steel prices, although concerns over surplus supply kept gains in check. The rebound may help stabilise spot iron-ore prices that hit their lowest level in a year this week. 

Tanzania's Acacia spat shows deepening battle with business

By: Bloomberg     14th June 2017 Tanzanian President John Magufuli’s escalating battles with business risk alienating the very investors he needs to drive his multi-billion dollar industrialization policy. On Monday, the 57-year-old leader ratcheted up his dispute with miners by accusing Acacia Mining Plc of operating illegally... 

Tri-Star shares surge on Oman supply agreement

By: Mariaan Webb     13th June 2017 Shares in Aim-qouted Tri-Star Resources surged on Tuesday as the company announced Traxys Europe will supply antimony and antimony gold concentrates to its project in Oman. Tri-Star owns an equity interest in Strategic & Precious Metals Processing (SPMP), which is building the Oman Antimony... 

The journey to stardom beckons at the 2017, Engen Knockout Challenge.

     13th June 2017 The journey to stardom beckons for many young football hopefuls via the Engen Knockout Challenge. Brought to you by Engen, South Africa’s leading petroleum brand*, the Engen Knockout Challenge is played in five cities across South Africa, namely: Cape Town, Port Elizabeth, Durban, Bloemfontein... 

Engen now ship-shape and sailing strongly in Mauritius

     13th June 2017 Up and down Africa’s coasts, major seaports with bunkering facilities play a key strategic role in keeping sea traffic flowing, and industries growing. It is big business and includes the storage of bunker (ship) fuels and the provision of fuel to vessels. Bunkering includes the shipboard... 

Forgery fears at Glencore unit spur nickel financing lawsuit

By: Bloomberg     12th June 2017 Glencore’s Access World unit was drawn into a London lawsuit over losses from a finance deal that allegedly relied on forged warehouse receipts for nickel, reigniting concerns about fraud in the storage of commodities. a London lawsuit over losses from a finance deal that allegedly relied on... 

Tanzanian govt accuses Acacia of mining gold illegally

By: Bloomberg     12th June 2017 Tanzania’s government accused Acacia Mining of operating illegally in the East African country and said mining companies have been evading taxes. Acacia’s shares slumped. “The committee has established that Acacia Mining has been conducting its mining business here in Tanzania contrary to the... 

Tanzania signs $154m contract with Chinese firm to expand main port

By: Reuters     12th June 2017 Tanzania's government signed a $154-million contract on Saturday with the state-run China Harbour Engineering Company (CHEC) to expand the main port in the commercial capital, Dar es Salaam. Tanzania is seeking financing for infrastructure projects as part of its plans to transform the country... 

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