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North America becoming big coal exporter as domestic consumption declines

By: Henry Lazenby     28th March 2013 The North American coal industry is in transition; a significant decline in domestic consumption means that it is becoming a significant exporter of the fossil fuel to emerging economies, especially those in Asia. The domestic US coal market has seen a whirlwind decline in recent years as... 

Eqstra offer ‘unfair, unreasonable’ – Protech

By: Natalie Greve     12th March 2013 JSE-listed Protech Khuthele on Tuesday advised its shareholders to reject the R146-million offer by construction and mining equipment group Eqstra to acquire the 67.2% interest in Protech it did not already own. Eqstra has offered Protech shareholders 60c a share. 

Metals sector M&As to fall in 2013 – PwC

By: Esmarie Swanepoel     12th March 2013 The number of large merger and acquisition (M&A) deals in the metals sector was likely to decline this year, replaced by “bite-size” deals, advisory firm PricewaterhouseCoopers (PwC) reported this week. In its yearly metals M&A review and forecast, PwC’s global metals leader Jim Forbes noted... 

Some Protech stakeholders could accept Eqstra offer – Page

By: Idéle Esterhuizen     25th February 2013 Civil engineering group Protech Khuthele CEO Anthony Page on Monday said that, although contract mining and equipment group Eqstra’s R146-million final offer to acquire the remaining 67.2% stake in Protech it did not already own, was below net asset value (NAV), some shareholders could accept it.... 

Coal contributed $3.2bn to British Columbia economy in 2011

By: Henry Lazenby     16th February 2013 A new report from PricewaterhouseCoopers (PwC) has confirmed and measured the significant contribution that coal makes to the British Columbia (BC) economy through employment, tax revenue and contribution to provincial gross domestic product (GDP). In 2011, the coal industry generated about... 

Despite fewer M&A deals, values reach post-crisis high – PwC

By: Henry Lazenby     30th January 2013 Despite a 9.6% decline in deal volumes in 2012, the total value of announced mergers and acquisition (M&A) deals climbed 10.5% to reach its highest level since the market peak in 2007, auditing house PricewaterhouseCoopers (PwC) revealed on Tuesday in its latest deals report ‘2012 Year in Review:... 

Eco Oro Minerals appoints new CFO

By: Henry Lazenby     15th January 2013 Colombia-focused project developer Eco Oro Minerals has appointed Mary Ellen Thorburn as CFO following the resignation of Paul Robertson. The company said Thorburn would bring extensive experience to Eco Oro, owing to her previous experience as a senior-level finance executive in the mining... 

Gold market seen moving forward in 2013

By: Henry Lazenby     20th December 2012 A new report by auditing house PricewaterhouseCoopers (PwC) has found the gold price is expected to increase in 2013, driving increased spending on exploration and merger and acquisitions (M&A). The ‘2013 global gold price report’ found more than 80% of gold executives expect to see a rise in the... 

Protech makes headway with turnaround – chair

By: Idéle Esterhuizen     14th December 2012 Civil engineering group Protech Kuthele’s turnaround strategy was gaining momentum and, given an anticipated improvement in market conditions, the group was confident that it would achieve its set targets for the next three to five years, chairperson Mafahle Mareletse said Friday. At the... 

Protech appoints PwC to advise on Eqstra proposal

By: Idéle Esterhuizen     10th December 2012 Civil engineering group Protech Kuthele has appointed auditing house PricewaterhouseCoopers (PwC) as the independent professional expert to advise its board on contract mining and equipment group Eqstra’s offer to purchase the rest of Protech for R0.60 a share in cash. Protech said it had... 

Resources Watch

By: Creamer Media Reporter      29th November 2012 This week: PriceWaterhouseCoopers says the post-Marikana risk landscape requires an integrated stakeholder solution. Mine risk company Eunomix says the ANC’s shunning of South Africa’s private sector is a 'huge mistake'. And, more obstacles need to be cleared following the lifting of the fracking... 

Supply side issues continue to plague WA resources sector

By: Esmarie Swanepoel     20th November 2012 Investment in the Western Australian resources sector remains strong with A$200-billion worth of projects planned or under way, but supply side issues such as labour, water and energy remained the major inhibitors to growth, a study by the Chamber of Minerals and Energy of Western Australia (CME)... 

Canada’s coal industry contributed $5.2bn to GDP in 2011 - PwC

By: Henry Lazenby     9th November 2012 Canada’s coal-mining industry contributed about $5.2-billion to the country’s gross domestic product (GDP) in 2011, a report by PricewaterhouseCoopers (PwC) has found. The report, commissioned by the Coal Association of Canada (CAC), revealed that coal delivered more economic and social benefits... 

Aussie midtier miners have reason to be optimistic, says PwC

By: Esmarie Swanepoel     6th November 2012 Australian midtier mining companies should remain optimistic, despite feeling the pinch from weaker commodity prices and higher costs, PricewaterhouseCoopers (PwC) energy, utilities and mining leader Jock O'Callaghan said. The PwC ‘Aussie Mine 2012’ report, stated that the net profit of... 

Political commitment important for improving municipalities – Salga

By: Sapa     22nd October 2012 Getting the political leadership in poor performing municipalities to commit to improvement is vital, the SA Local Government Association (Salga) said on Monday. "We have identified one key element [to improve municipalities] and that is political commitment. When there is a will from the... 

Metals and mining slides from top M&A industry in Q3 – PwC

By: Henry Lazenby     18th October 2012 Mainly as a result of a slowing Chinese economy, the metals and mining industry fell from its peak as the most targeted industry for mergers and acquisitions (M&A) in 2011, to not even appearing as a top targeted industry in the second and third quarters of this year. PricewaterhouseCoopers... 

Africa telecoms enter high-growth phase - PwC

By: Natasha Odendaal     16th October 2012 Africa’s telecommunications sector has passed the tipping point from high potential to high growth, a new report by professional services firm PricewaterhouseCoopers (PwC) found on Tuesday. In the inaugural ‘Communications review, telecoms in Africa: innovating and Inspiring’, PwC communications... 

Lacklustre year for IPOs could yet be redeemed – PwC

By: Henry Lazenby     2nd October 2012 After what had been described as a “lacklustre” year for Canadian initial public offerings (IPOs), chances were that companies are waiting for the "right" time to reach Canadian equity markets, a PricewaterhouseCoopers (PwC) study has found. PwC on Tuesday said a quarterly survey of IPO activity... 

Partnerships key to local governments delivering on strategies 

By: Idéle Esterhuizen     26th September 2012 If local governments in South Africa were to overcome challenges of strategy execution, they would have to partner with private, public and voluntary sector organisations, a report by auditing firm PricewaterhouseCoopers (PwC) has indicated. Dubbed ‘Making it happen – A roadmap for South African... 

Digital migration may lay platform for new content-rich broadcasting era

By: Natasha Odendaal     21st September 2012 The official launch of South Africa’s digital migration project, which will be held in the Northern Cape from October 2 to 3, marks the start of the country’s long-awaited three-phase move from analogue broadcasting to digital terrestrial television (DTT). The Department of Communication (DoC)... 

Digital migration may lay platform for new content-rich broadcasting era

By: Natasha Odendaal     21st September 2012 The official launch of South Africa’s digital migration project, which would be held in the Northern Cape from October 2 to 3, marks the start of the country’s long-awaited three-phase move from analogue broadcasting to digital terrestrial television (DTT). The Department of Communications (DoC)... 

Market volatility slows M&A activity

By: Creamer Media Reporter      20th September 2012 While global economic uncertainty and a drop in commodity prices had led to a marked slowdown in merger and acquisitions (M&A) in the first half of the year, miners with cash were viewing it as an opportunity to take advantage of lower valuations by entering M&A discussions and finding creative... 

South Africa’s Internet users to double by 2016

By: Natasha Odendaal     10th September 2012 The number of Internet users in South Africa is expected to more than double by 2016 to 29.8-million, from 12.6-million users currently, a new report by PricewaterhouseCoopers (PwC) has found. In its latest ‘Entertainment and Media Outlook from 2012 to 2016’, the company said that mobile... 

Steel merchant processing division now ISO 9001 accredited

By: Samantha Herbst     13th July 2012 AltX-listed steel merchant BSi Steel’s processing division, Shearcut, is now ISO 9001 accredited; an accreditation that Shearcut director and BSi COO Jerry Govender believes will eventually extend to other divisions in the company. 

Global logistics industry in dire need of an overhaul – report

By: Nomvelo Buthelezi     6th July 2012 According to a report issued by professional services firm PricewaterhouseCoopers (PwC), the transport and logistics industry worldwide is in dire need of a complete makeover by 2030 if it is to stay competitive. 

Mining shares plunge despite record profit in 2011 – PwC

By: Megan van Wyngaardt     6th June 2012 The global mining industry is facing a growing disconnect with a significant decline in market capitalisation, an increase in commodity prices and a lack of shareholder confidence, PricewaterhouseCoopers (PwC) said on Wednesday. In South Africa, rising input costs such as electricity, labour and... 

Better prices, economic spin-offs offered in second renewables round

By: Terence Creamer     13th April 2012 The South African government has confirmed that it had received a total of 79 tenders, representing 3 233 MW of potential power generation capacity, during the second bidding round under its renewable energy independent power producer (IPP) purchase programme, which closed on March 5. Energy... 

State capitalism: Is it a rival to market capitalism?  

By: Keith Campbell     30th March 2012 Since the start of the current global economic crisis in 2008, there has been renewed interest in the concept of ‘State capitalism’, as distinct from ‘market capitalism’. (The term ‘liberal capitalism’ is shorthand for ‘liberal democracy plus market capitalism’.) This interest is centred on... 

SA’s second renewables bid window heavily oversubscribed 

By: Terence Creamer     29th March 2012 The South African government confirmed on Thursday that it had received a total of 79 tenders, representing 3 233 MW of potential power generation capacity, during the second bidding round under its renewable energy independent power producer (IPP) purchase programme, which closed on March 5.... 

Defence industries having to adapt to changing times, consultancy warns

By: Keith Campbell     16th March 2012 The significant developments in warfare in the early 21st century are not only having a pronounced impact on armed forces around the world, but also require changes in the civilian organisations and defence industries that support and supply them. So argues the Global Governance practice of... 

Australian mining productivity falls

By: Esmarie Swanepoel     14th March 2012 Labour productivity in the Australian mining sector declined by 1.4% in the second quarter of the 2012 financial year, consultancy firm PricewaterhouseCoopers (PwC) said on Wednesday. The decline was attributed to sluggish output growth. 

Africa emerges as new frontier for gold M&A

By: Reuters     7th March 2012 At the massive Prospectors and Developers convention, it's not hard to find a table full of mining executives huddled in conversation, their voices muffled by the din of thousands of participants at the event. With gold prices steady above $1 650/oz and a growing number of juniors producing in... 

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