R/€ = 15.98 Change: 0.09
R/$ = 13.59 Change: 0.12
Au 1243.94 $/oz Change: 6.10
Pt 875.65 $/oz Change: -1.85


KZN education department awarded green building certification

By: Dylan Slater     Updated 2 hours 40 minutes ago The Green Building Council South Africa (GBCSA) has awarded the KwaZulu-Natal Department of Education a 4 Star Green Star SA Office Design v1.1 certification for its Ugu district office.  

TPT unveils locally assembled diesel-electric straddle carriers

By: Shirley le Guern     12th December 2017 State-owned freight transport company Transnet Port Terminals (TPT) on Tuesday unveiled 23 locally assembled diesel-electric straddle carriers at the Durban Container Terminal Pier 2, marking an important milestone in fostering local procurement and laying the foundation to supply cargo handling... 

China steel futures steady, mill output cuts continue

By: Reuters     12th December 2017 Chinese steel futures held steady on Tuesday, but prices for steelmaking raw material iron ore dropped as steel mills in the world's top producer cut output. China's government has vowed to clear its air, ordering 28 cities to curb industrial production, prompting a shortage of supplies in some... 

Queensland Premier vetoes NAIF funding for Carmichael project

By: Mariaan Webb     12th December 2017 Queensland Premier Annastacia Palaszczuk has followed through on her election promise to exercise the state’s veto over funding from the North Australian Infrastructure Facility (NAIF) for a rail link associated with the Carmichael coal mine. Palaszczuk, whose government was sworn in on... 

More than 100 jobs on offer at Rio Tinto’s Weipa mines

By: Creamer Media Reporter      12th December 2017 Diversified miner Rio Tinto has launched a recruitment drive for more than 100 new roles at its bauxite mines on the western Cape York Peninsula in Queensland. The opportunities are available across Rio Tinto’s operations at Weipa including existing mines at Andoom and East Weipa and the new... 

Cyril Ramaphosa calls for mining sector action

By: Martin Creamer     11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... 

Metal workers union continues strike action at Agni Steel in South Africa

By: African News Agency      11th December 2017 Liberated Metalworkers Union of South Africa (Limusa) said on Monday that it will proceed indefinitely with its strike at Agni Steel South Africa in Port Elizabeth due to protracted wage negotiations that started in 2016 with the company. This comes as the protected industrial action entered a... 

Resgen signs coal offtake agreement with Noble

By: Dylan Slater     11th December 2017 Coal miner Resource Generation’s (Resgen’s) Ledjadja Coal Limited (LCL) subsidiary has signed an offtake agreement with energy products company Noble Resources International for the supply of additional uncontracted coal to be produced at the Boikarabelo mine, in South Africa’s Waterberg region 

Albert Canal – Cluster 1 public–private partnership, Belgium

By: Sheila Barradas     8th December 2017 De Vlaamse Waterweg is planning to raise 32 bridges across the Albert Canal to accommodate bigger container vessels. 

More than 180 Transnet Freight Rail employees qualify in railway operations management

By: Samantha Herbst     7th December 2017 More than 180 employees of State-owned rail transport agency Transnet Freight Rail (TFR) graduated from Glasgow Caledonian University (GCU) on Thursday with a variety of degrees and qualifications in railway operations management. GCU principal and vice-chancellor Professor Pamela Gillies led the... 

Surge in international iron-ore prices changing Indian market dynamics

By: Ajoy K Das     7th December 2017 The sharp rebound in international iron-ore prices over the last month is changing dynamics of the Indian market, with imports of the steel-making ingredient surging and local miners hiking prices. India’s largest miner, the government-owned and -operated NMDC has increased the domestic sales... 

Billionaire's mine financing hurdles fuel bondholder jitters

By: Bloomberg     7th December 2017 The Indian conglomerate Adani Enterprises is learning how one financing problem can lead to headaches for debt investors elsewhere as it tries to secure money for one of the world’s biggest coal mines. Three of China’s largest banks this week ruled out any involvement in financing the mine in... 

Fortescue awards Port Hedland towage operator contract

By: Mariaan Webb     6th December 2017 Iron-ore mining company Fortescue Metals has appointed Kotug Australia as its towage services operator for the port of Port Hedland. The new contract, which was awarded following a competitive tender process, will see Kotug supply an additional three tug boats to complement Fortescue’s six new... 

Transnet CEO urges more investment in African ports

By: African News Agency      5th December 2017 The head of South Africa’s State-owned transport company Transnet on Tuesday called for greater integration, deregulation and investment into Africa’s port capacity, to reduce costs and increase turnaround times. Transnet CEO Siyabonga Gama told the African Terminal Operators’ Conference in... 

Nigerian’s Dangote Cement partners with online shopping giant Jumia

By: African News Agency      5th December 2017 Nigerian based Dangote Cement has signed a deal with the e-commerce platform Jumia Nigeria to sell its cement to online. According to the group, the move was designed to reduce price and ease logistics inherent in the purchase of its products. 

Africans must drive African trade – Zuma

By: African News Agency      5th December 2017 President Jacob Zuma has said that Africa needs to develop its manufacturing capabilities, achieve industrialisation and drive intra-African trade to reverse the continental trend of exporting raw materials and importing finished goods. Zuma was speaking at the inaugural African Terminal... 

China steel, iron ore futures hit 3-mth highs as mills cut output

By: Reuters     4th December 2017 Chinese iron ore and steel futures surged to three-month highs on Monday as the government-ordered steel production cutbacks led to tighter supplies for some mill products. The upwards push was led by a big spike in steel prices that follows the global top producer's orders to 28 cities to cut... 

Iron-ore enters bull market as China's curbs supercharge steel

By: Bloomberg     4th December 2017 Iron-ore has rallied back into a bull market. Prices are surging as China’s crackdown on steel output this winter runs down inventories, helping mills’ profitability and stoking demand for high-grade ore even as investors discount signs of ample supply. Spot ore with 62% iron content jumped 3.7%... 


     4th December 2017 Legrand’s wireless chargers for mobile devices have been designed to make life easier in a busy world – either at home, in the office, or when travelling. These wireless chargers, with advanced technology, are ergonomic and functional, with versatility for use without cables in all environments... 

Rio Tinto aims for 'intelligent' Australian iron-ore mine

By: Reuters     4th December 2017 Rio Tinto next year will seek board approval to develop an "intelligent" iron ore mine at a cost of $2.2-billion, fully incorporating technologies such as robotics and driverless trains and trucks on a single site, the company's head of iron-ore said on Monday. A feasibility study was underway... 

November sees healthy jump in new-vehicle sales

By: Irma Venter     1st December 2017 South African new-vehicle sales experienced yet another positive month in November, countering general negative economic sentiment for the six month in a row, with new-vehicle sales up 7.2% compared with November last year. Statistics released by the Department of Trade and Industry on Friday... 

China steel clings to near 11-week high, posts best week since Aug

By: Reuters     1st December 2017 Shanghai steel futures traded near their strongest level since mid-September on Friday and chalked up their biggest weekly gain in four months, supported by tighter supply in the world's top producer. Steel mills across northern China were ordered to slash sintering output by up to half from this... 

Second Norway-South Africa Science Week to stimulate oceans science and economy 

By: Schalk Burger     1st December 2017 The second Norway-South Africa Science Week will provide a platform for scientists, researchers, civil servants and business people from both countries to share best practices and policies to promote the sustainable use of ocean resources. Norwegian ambassador to South Africa, Botswana,... 

Ford Struandale plant exceeds 3m engine production milestone, eyes 2018 expansion

By: Natasha Odendaal     1st December 2017 The Ford Struandale engine plant, in Port Elizabeth, is celebrating the assembly of 500 000 Duratorq TDCi turbodiesel engines since 2011, bringing the total of engines produced at the plant to 3.3-million units since its establishment in 1964. Ford Motor Company of Southern Africa (FMCSA) is now... 

South African regional airline places order for two new airliners

By: Keith Campbell     30th November 2017 Privately-owned South African scheduled and non-scheduled domestic and international operations airline CemAir has concluded a $66-million deal with Canadian company Bombardier Aerospace for two new twin turboprop Q400 regional airliners. This follows on from a Letter of Intent signed between the... 

Kenya set to build coast-to-centre highway to boost Africa trade

By: Reuters     30th November 2017 Kenya on Wednesday signed a $620-million agreement to build a 530 km highway from its east coast to the centre of the country, part of a campaign to boost its role as a regional trade hub. A consortium including a unit of South Africa's Group Five and the Development Bank of Southern Africa with... 

Ancuabe graphite project’s mineral resources increases by 59%

By: Megan van Wyngaardt     30th November 2017 The mineral resource at ASX-listed Triton Minerals’ Ancuabe graphite project, in Mozambique, has increased by 59% to 44-million tonnes, at an average grade of 6.6% total graphitic content (TGC). This follows a “highly successful” exploration and resource definition drilling campaign undertaken... 

Indian oil refineries exploring possibility of importing Venezuelan crude

By: Ajoy K Das     29th November 2017 Close on the heels of an offer from Venezuelan national oil company, Petreos de Venezuela SA (PDVSA), to repay its debt in kind, Indian government-owned and -operated oil marketing companies (OMCs) are relooking at the operational viability of using Venezuelan crude as feedstock. Sources say that... 

De Aar wind projects connected to the grid

By: Megan van Wyngaardt     28th November 2017 The 96.48 MW De Aar and the 138.96 MW De Aar 2 North wind projects have successfully reached early operations and have been connected to the Hydra transmission substation. The projects, located near De Aar, in the Northern Cape, were selected as preferred bidders under Round 3 of the Renewable... 

BAIC’s investment into South African vehicle assembly project bolstering bilateral investment

By: Anine Kilian     28th November 2017 Chinese vehicle manufacturer Beijing Automotive Group’s (BAIC’s) decision to invest in a vehicle assembly plant, in the Coega Industrial Development Zone (IDZ), near Port Elizabeth, could help drive further investment by Chinese firms in South Africa. This is according to South African Embassy in... 

Vale, partner Mitsui ink $2.7bn Nacala coal corridor funding

By: Henry Lazenby     28th November 2017 Brazil’s largest diversified miner Vale has announced that it, together with its Japanese partner Mitsui & Co, has signed a $2.73-billion funding deal to finance the Nacala Logistics Corridor (NLC), that will connect the Mozambique-based Moatize coal mine, to the Nacala port. Vale said in a press... 

Feasibility study boosts Lincoln’s Kookaburra Gully graphite project prospects

By: Megan van Wyngaardt     27th November 2017 A feasibility study has found in favour of developing what is likely to be Australia’s only operating graphite mine when construction and commissioning work begins towards the second half of next year. ASX-listed Lincoln Minerals on Monday announced the outcomes of the study, which focused on... 

Syrah moves into operations at Mozambique mine

By: Mariaan Webb     24th November 2017 Australia-based Syrah Resources has produced its first saleable flake graphite from the Balama project, in Mozambique, and is now targeting production of 160 000 t to 180 000 t next year. The first bagged saleable flake graphite production was produced within an expected grade range of more than... 

Passenger car sales carried market in October

By: Irma Venter     24th November 2017 New-vehicle sales in October increased for the fifth month in a row, improving by 4.6% on sales in the same month last year, to reach 51 037 units. Passenger car sales carried the market in October, with all other segments in decline. 

Tug building project, South Africa

By: Sheila Barradas     24th November 2017 The penultimate tug in Transnet National Port Authority's nine-tug construction contract was launched on November 9. 

Mossel Bay slipway refurbishment, South Africa

By: Sheila Barradas     24th November 2017 Transnet National Ports Authority is refurbishing Mossel Bay's 500 t slipway and slideslip facility. 

South32 bullish on aluminium, manganese, energy coal prospects

By: Mia Breytenbach     23rd November 2017 With the price of various commodities having improved during the 2017 financial year, diversified miner South32 remains optimistic about the aluminium, manganese and energy coal sectors for the year ahead. “Manganese led the way [in terms of price increases], and metallurgical coal, energy coal,... 

Coal India steps up logistics to ease short-term shortages

By: Ajoy K Das     23rd November 2017 Faced with dips in production growth and dwindling stocks to bank on, Coal India Limited (CIL) is hoping that a beefed up logistics and distribution solution will ease the clamour for dry fuel among various end-user industries. The miner reckons that increasing volumes transported by road and... 

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