http://www.engineeringnews.co.za
R/€ = 15.43 Change: 0.20
R/$ = 13.73 Change: 0.21
Au 1312.00 $/oz Change: -5.48
Pt 1026.50 $/oz Change: -0.50
 

Topic

Gauteng promotes trade potential, investment attractiveness

By: Natasha Odendaal     30th September 2016 The Gauteng City Region (GCR) is continuing its efforts to grow trade and investment in South Africa’s most populous province and stimulate national economic growth. “The GCR is strategically located on the African continent, this makes it a key investment destination for the rest of the world... 

Manufacturer to take on SA market again

     30th September 2016 Italian pump manufacturer SAER, whose products are solely distributed in South Africa by the pumping requirements solutions provider Letaba Group, was relaunched into the South African market at Electra Mining Africa 2016 earlier this month. Letaba dewatering sales engineer Leonard Applegryn... 

Reassurance in a stormy world

By: Keith Campbell     30th September 2016 After a review that lasted some two months, British Prime Minister Theresa May gave the go-ahead for the Hinkley Point C nuclear power plant (NPP), which will be built by a partnership between France’s State-owned Électricité de France (EDF) and China General Nuclear Power (CGN), another... 

Not all diamonds enjoy recovery as budget stones get left behind

By: Bloomberg     29th September 2016 The recovery in diamond prices is leaving out the smallest and lowest-quality gems. For the smallest diamonds, prices are down 15% this year, data compiled by Bloomberg show. That compares with an average 7% increase for all stones yet to be cut and polished. The overall market is recovering... 

AMSA insists R2.27bn empowerment deal meets highest governance standards

By: Terence Creamer     28th September 2016 Steel producer ArcelorMittal South Africa (AMSA) has unwrapped its long-awaited R2.27-billion broad-based black economic empowerment (BBBEE) transaction, which chairperson Mpho Makwana insists meets the highest standards of probity and governance. An earlier 2010 attempt by the JSE-listed company... 

South Africa to export pigeon peas, pork, mango to India

By: SANews, SA government news service     27th September 2016 As part of ongoing efforts by member States to improve intra-Brics trade, South Africa has been granted an opportunity to export pigeon peas also known as cajanus cajan, pork, mango and persimmons to India. India for its part has expressed an interest to import pickled sheep skins from South... 

Saudis, Iran dash hopes for Opec oil deal in Algeria

By: Reuters     27th September 2016 Saudi Arabia and Iran on Tuesday dashed hopes that Opec oil producers could clinch an output-limiting deal in Algeria this week as sources within the exporter group said the differences between the kingdom and Tehran remained too wide. "This is a consultative meeting ... We will consult with... 

China leads aluminium production

By: Sebastian Whyle     23rd September 2016 China is currently the biggest producer and consumer of aluminium in the world and has expanded its aluminium industry considerably over the past 11 years, says metals trading company Metal and Tool Trade (MTT) board chairperson Volker Schütte.  

Power trends

By: Terence Creamer     23rd September 2016 In light of recent disruptions in the sector, as well as sharply rising tariffs, electricity remains a hot topic in South Africa. There is an especially heated debate currently under way about what would be the lowest-cost generation mix, particularly in light of the country’s weaker... 

Russia to outshine other European mining countries even more by 2020

By: Megan van Wyngaardt     22nd September 2016 While regulatory policies and elevated production costs will continue to pose the greatest challenges for miners operating in Europe to 2020, BMI Research has highlighted Russia as the region's “growth bright spot” in terms of mining industry value (MIV) growth rates. The research and advisory... 

Global steel production rises 1.9% y/y in August

By: Megan van Wyngaardt     21st September 2016 World crude steel production for the 66 countries reporting to the World Steel Association rose 1.9% year-on-year to 134.1-million tonnes in August. China’s crude steel production for August was 68.6-million tonnes, an increase of 3%, while Japan’s production was up 1.5% to 8.9-million tonnes. 

DoE insists 'compliant' nuclear management system contract part of procurement preparations 

By: Terence Creamer     19th September 2016 South Africa’s Department of Energy (DoE) has listed the names of several expert advisers whose services it has used over the past five years in relation to the country’s controversial nuclear procurement programme. However, the value of the various contracts was not immediately provided. The... 

Production starts at Nordgold’s Bouly operation

By: Megan van Wyngaardt     19th September 2016 Gold production has started at Nordgold’s Bouly operation, an expansion of the company’s flagship Bissa mine, in Burkina Faso. The greenfield deposit is expected to produce 120 000 oz/y over a ten-year mine life, with an all-in sustaining cost of $730/oz. 

Korean auto firms aiming to assemble bakkies at Benoni plant

By: Irma Venter     16th September 2016 Kia Motors South Africa (KMSA) is close to finalising a deal with Hyundai Motors South Africa (HMSA) to assemble its K2700 and K2500 workhorse bakkies at HMSA’s Benoni plant, says KMSA CEO Ray Levin. HMSA assembles the Hyundai HD65 and HD72 medium-duty trucks at the Benoni facility, as well as... 

South Africa nuclear tender open to all, Rosatom not frontrunner

By: Reuters     15th September 2016 A massive nuclear tender in South Africa is open to all bidders prepared to manufacture locally and share technology, and Russia is not the frontrunner, the head of the country's nuclear agency said. After meetings between Russian President Vladimir Putin and South African President Jacob Zuma,... 

SA’s economic competitiveness stumbling block to Datsun production

By: Irma Venter     15th September 2016 South Africa is the ideal place to produce Datsun vehicles for Africa, “but not today”, says Datsun global head Vincent Cobee. Africa as a continent, with its rapidly growing middle class, is every consumer product company’s dream, he notes. However, it is also a highly complex market, made up of... 

African companies and govts need to work harder to benefit from growth potential – McKinsey 

By: Anine Kilian     15th September 2016 Some of Africa’s economies have been experiencing significantly less accelerated growth than five to fifteen years ago, having started experiencing a marked slowdown as a result of lower resource prices and higher sociopolitical instability. This is despite the bulk of the continent’s countries... 

Renewables investment in 2015 more than covers global power demand growth for first time

By: Terence Creamer     14th September 2016 A new report by the International Energy Agency (IEA) states that global electricity sector investment rose 4% to a record $682-billion in 2015 – a year when overall investment in the energy sector fell to $1.8-trillion, from $2-trillion, mainly as a result of lower oil and gas investment. The... 

Platinum miner says mechanisation, modernisation is only way forward  

By: Ilan Solomons     13th September 2016 To remain relevant in the South African mining industry, mines will have to substantially change how they operate and Anglo American Platinum (Amplats) mining head Frik Fourie does not see any future for conventional mining methods in South Africa. “Conventional mining methods are no longer a... 

Opec points to larger 2017 oil surplus as rivals keep pumping

By: Reuters     13th September 2016 Opec raised its forecast of oil supplies from non-member countries in 2017 as new fields come online and US shale drillers prove more resilient than expected to cheap crude, pointing to a larger surplus in the market next year. Demand for crude from the Organization of the Petroleum Exporting... 

Israel Chemicals, hurt by weak potash prices, names interim CEO

By: Reuters     12th September 2016 Israel Chemicals (ICL) on Sunday named Asher Grinbaum interim chief executive officer after Stefan Borgas stepped down as CEO last week. German-born Borgas, 52, said last Thursday he would resign after four years as CEO but would stay available to the company and chairperson Johanan Locker during... 

Platinum council widens forecast deficit for 2016

By: Natasha Odendaal     8th September 2016 Despite a rebound in supply in the second quarter of the year, the World Platinum Investment Council (WPIC) has widened its forecast platinum deficit by 64 000 oz for 2016 on the back of “little evidence” to support rising output over the medium term. The eighth Platinum Quarterly, prepared by... 

Diamond demand liftoff hindered by China crackdown, group says

By: Bloomberg     8th September 2016 Diamond sales growth isn’t expected to accelerate any time soon as demand from China continues to slump, according to the president of the World Diamond Council. Global polished diamond sales used in jewelry will increase 4% a year until at least 2019, according to Andrey Polyakov, who is also a... 

Study links 2˚C rise in global temperature to 40% fall in thermal coal trade

By: Henry Lazenby     8th September 2016 A 2˚C rise in global temperatures could result in a 40% reduction in global thermal coal trade by 2035, new analysis by Wood Mackenzie (WoodMac) has found. According to WoodMac, the reduction in trade in thermal coal, from an estimated 900-million tonnes for 2016, to 527-million tonnes by 2035,... 

Opinion: Hybrid nuclear-desalination deployment could transform South Africa’s agricultural fortunes

     6th September 2016 A recent article in Engineering News argued that wind and solar could provide the bulk of South Africa’s power at the least cost. Dr Tobias Bischof-Niemz argued that building 22 GW of wind and solar capacity and 8 GW of “backup” (in the form of coal and/or gas) was the sensible solution to... 

Brics leaders meet informally on the margins of the G20 summit in China

By: African News Agency      5th September 2016 The leaders of the Brazil, Russia, India, China, and South Africa (Brics) grouping of countries met informally on the sidelines of the G20 summit currently underway in Hangzhou, China, on Sunday. The leaders exchanged views on a wide range of global political, security, economic, and global... 

Russia's Polyus considering placing GDRs in London says CEO

By: Reuters     2nd September 2016 Russia's largest gold producer Polyus is considering placing global depository receipts (GDRs) in London in the future, its chief executive said on Friday, less then a year after it left the London market. Polyus, controlled by the family of Russian tycoon Suleiman Kerimov, delisted shares of its... 

Alrosa helps start Russian diamond hub targeting Asian market

By: Bloomberg     2nd September 2016 Alrosa PJSC is helping to start a diamond center in Russia’s Far East to attract trading and manufacturing companies, and boost gem sales to Asian countries including China, the second-biggest buyer. About $1-billion of business should go through the Eurasian Diamond Center in 2018, when more... 

With no debt due till 2020, cashed-up Kinross looks towards four years of expansion

By: Henry Lazenby     2nd September 2016 With no debt maturing in the next four years, a strong balance sheet and excellent liquidity, Canadian gold producer Kinross Gold expects to have the financial flexibility to fund organic growth opportunities within its global portfolio. The TSX- and NYSE-listed miner announced Thursday that it... 

Metair earnings hit by ‘disruptive’ auto components phase

By: Irma Venter     2nd September 2016 A struggling automotive components business saw operating profit at JSE-listed Metair drop 25%, to R260-million, for the six months ended June 30, compared with the same period last year. Revenue at the energy storage solutions and automotive components manufacturer and distributor increased 14%... 

Preventative measures necessary to stop China dumping steel – Solidarity 

By: Natasha Odendaal     30th August 2016 Trade union Solidarity on Tuesday raised an alarm about the potential collapse of South Africa’s already-strained steel industry as cheap imports and “unfair trade practices” threaten the sustainability of local steel producers. Presenting its views to the International Trade Administration... 

Kia SA targets selective local assembly, plans bakkie launch in 2020

By: Irma Venter     29th August 2016 Kia Motors South Africa (KMSA) is close to finalising a deal with Hyundai Motors South Africa (HMSA) to assemble its K2700 and K2500 workhorse bakkies at HMSA’s Benoni plant, says KMSA CEO Ray Levin. HMSA assembles the Hyundai HD65 and HD72 medium-duty trucks at the Benoni facility, as well as... 

Jogmec joins Atrum’s anthracite search in Canada

By: Megan van Wyngaardt     29th August 2016 Australia-listed, but Canada-headquartered developer Atrum Coal and Japan Oil, Gas and Metals National Corporation (Jogmec) will jointly explore for anthracite in the southern part of the Groundhog coal field, in British Columbia. The joint venture (JV), which was announced by both companies in... 

Indo-Russia Summit expected to fast-track mining, hydrocarbon collaboration projects

By: Ajoy K Das     26th August 2016 The forthcoming yearly Indo-Russia Summit, in October, is expected to lay down the framework for scaling up bilateral engagements in the mining, energy and hydrocarbon sectors, wherein mega marquee investments have already been put on the anvil. While the bilateral agreements up for discussion... 

Amid low prices and weak demand, steel protectionism goes global

By: Bloomberg     26th August 2016 From the US to India, regulators around the world are pushing harder than ever to shield local steel industries from foreign competition. Nations imposed 85 new duties and other taxes on steel imports in the first half, according to the Russian Steel Association, which counted preliminary and... 

SA slides down global manufacturing competitiveness ranking

By: Mia Breytenbach     26th August 2016 Despite being regarded as the most competitive manufacturing country in Africa, South Africa is losing momentum when compared with other countries, particularly China. South Africa dropped three places – to twenty-seventh position – on the global ranking of the world’s most competitive countries,... 

Venezuela ordered to pay $2.17bn to Russian junior for 2011 project expropriation

By: Henry Lazenby     23rd August 2016 The government of the Bolivarian Republic of Venezuela has been ordered to pay a Russian-owned junior mining company nearly $2.2-billion in compensation and interest for illegally expropriating the company’s assets without compensation in 2011. Following the news, Rusoro Mining’s TSX-V-listed... 

Govt, AMSA reach accord on steel price basket

By: Kim Cloete     23rd August 2016 Steel producer ArcelorMittal South Africa (AMSA) and government have agreed to remove import parity pricing with immediate effect in a bid to boost South Africa’s steel industry. The local price for flat steel products will be based on an import-weighted basket. 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119 Close