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Kinross Gold expects to suspend Chilean mine in Q4

By: Reuters     28th July 2016 Kinross Gold Corp said on Wednesday it expected to suspend operations at a Chilean gold mine in the fourth quarter as it posted a second-quarter loss that exceeded forecasts. The world's fifth-largest gold miner by output said in its earnings report that it expected to halt mining at Maricunga... 

South Africa to host 11th International Heavy Haul Conference

By: Anine Kilian     25th July 2016 South Africa has won the bid to host the Eleventh International Heavy Haul Association (IHHA) conference, which will be held in Cape Town from September 2 to 6, 2017 at the Cape Town International Convention Centre. The IHHA has partnered with State-owned rail utility Transnet and the South... 

G20 officials vow to tackle steel, industrial overcapacity

By: Reuters     25th July 2016 The world's top economies will work to tackle excess production capacity in steel and some other industries, including government subsidies that have distorted markets, G20 finance officials said on Saturday. In a draft statement obtained by Reuters, the G20 finance ministers and central bank... 

Manufacturers to exploit emerging automotive markets

By: Nadine James     22nd July 2016 Original-equipment manufacturers (OEMs) are aiming to expand their client bases and establish automotive manufacturing facilities in emerging market economies, owing to the current saturation in European and US automotive markets, says auditing and consulting firm KPMG. KPMG industrial and... 

Brics looks back at first year of NDB

By: Megan van Wyngaardt     21st July 2016 A South African delegation, led by Finance Minister Pravin Gordhan, was party to discussions on the New Development Bank’s (NDB) five-year strategy at its first annual meeting in Shanghai, China last week. The Brazil, Russia, India, China and South Africa-, or Brics-, led institution used the... 

Uranium is the dirty underbelly of nuclear – scientist

By: News24Wire      21st July 2016 Antinuclear sentiment tends to focus on nuclear waste or operational risks, but more focus should be on the “dirty underbelly” of uranium mining, according to a science adviser. “Whenever people get excited about nuclear power stations, they kind of forget where the actual uranium comes from,” Dr... 

Turkish gold miners operate unhindered during attempted coup

By: Henry Lazenby     18th July 2016 Turkey-focused miner Alacer Gold reported Sunday that the Çöpler mine was operating as normal and that there were no local disruptions in the wake of a military coup d'état attempt on the government of Turkish President Recep Tayyip Erdoğan. The TSX- and ASX-listed company reported that after it... 

E-commerce a $22tn market of opportunities – Unctad

By: Natasha Odendaal     18th July 2016 The United Nations Conference on Trade and Development (Unctad) has unveiled a new electronic commerce (e-commerce) initiative to assist emerging economies in leveraging the rapidly growing $22.1-trillion market. The global e-commerce market has increased 38% since 2013, with business-to-business... 

The Brexit fear: Was it overdone?

     18th July 2016 Various global and domestic real economic activity data gave financial markets last week a welcome boost. On the heal of the favourable USA job data the previous Friday, better than expected company earnings in the USA, and good growth prospects for China turned market sentiment to the good. The... 

Copper outlook dim as macroeconomic challenges loom

By: Henry Lazenby     14th July 2016 The copper price is set to dip during the second half of the year, as poor producer discipline, higher output and lower Chinese demand growth combine for a fifth consecutive year of price decline in 2016, according to a new report by market analysts at Thomson Reuters GFMS. Analysts expected... 

Brics bank to issue $448m of yuan green bonds

By: Reuters     12th July 2016 The New Development Bank (NDB), established by the Brics group of emerging nations, plans to sell 3 billion yuan ($448.37 million) of yuan-denominated, green bonds in China's interbank market. The green bonds will be issued on July 18 with a 5-year tenor and will be the first such issuance by a... 

South Africa should consider onshore LNG regasification, Fluor argues 

By: Terence Creamer     12th July 2016 Global engineering and construction group Fluor argues that South Africa could consider both onshore and offshore storage and regasification options for the importation of liquefied natural gas (LNG), however it believes that onshore facilities could offer a number of advantages. The South... 

Russia nets $813m from Alrosa diamond producer stake sale

By: Reuters     11th July 2016 The Russian government has raised 52.2 billion roubles ($813-million) from the sale of a 10.9% stake in diamond producer Alrosa, a deal intended to kick start a wider privatisation drive, senior government officials said on Monday. Foreign investors snapped up around 60% of the shares in Alrosa,... 

Mondi to acquire Russian flexible packaging manufacturer

By: Anine Kilian     11th July 2016 Packaging and paper company Mondi will acquire Russian flexible packaging products manufacturer ZAO Uralplastic from joint stock company Rusnano and a private investor for an undisclosed amount. “The acquisition of Uralplastic supports the development of our consumer packaging business and... 

South Africa, India boast ‘enormous’ bilateral trade, investment potential – Zuma

By: Anine Kilian     8th July 2016 President Jacob Zuma and Indian Prime Minister Narendra Modi on Friday signed eight memoranda of understanding (MoUs). Some of the focus areas included the establishment of grassroots innovation in the area of science and technology, an MoU on tourism and a programme of cultural cooperation. 

South Africa backs India’s bid to join Nuclear Suppliers Group 

By: African News Agency      8th July 2016 South African President Jacob Zuma agreed Friday to support India’s controversial bid to join the Nuclear Suppliers Group (NSG), an international body which controls commerce in nuclear materials and technology. Indian Prime Minister Narendra Modi announced this at a joint press conference at the... 

Bauma Conexpo Africa 2018

     8th July 2016 The dates for the next Bauma Conexpo Africa are confirmed: : The third International Trade Fair for Construction Machinery, Building Material Machines, Mining Machines and Construction Vehicles will be held at the Johannesburg Expo Centre from March 13 to 16, 2018. According to Stefan Otto,... 

BUMPER CROP

     8th July 2016 Russian wheat-export prices dropped to a six-year low in late June as prices in major competitors such as the US and France fell and harvesting of a bumper crop was about to start. The photograph above shows wheat kernels in evening sunlight during the summer harvest on a farm in Ust-Labinsk,... 

Order book for Russia's Alrosa share sale fully covered – sources

By: Reuters     7th July 2016 The order book for a share placement in Russian diamond producer Alrosa is fully covered, two financial market sources told Reuters on Thursday, quoting information from organisers of the placement. Russia on Wednesday launched the sale of 10.9% of ordinary shares in Alrosa, the world's largest... 

Russia ready to open Alrosa's books for share placement – sources

By: Reuters     6th July 2016 Russia plans to open State-controlled diamond producer Alrosa's books later on Wednesday for a share placement in Moscow as part of the government's privatisation programme, two financial sources and a source familiar with the process said. The Russian government has previously said it aims to... 

Quantity Surveyors Need To Concentrate More On Life Cycle Costing, Asaqs Congress Urged

     5th July 2016 There is widespread ignorance among quantity surveyors, and apathy and resistance from building owners and developers, about Life Cycle Costing - a concept that will become increasingly important as the Green Building revolution sweeps the world. This cautionary message was spelt out by Dr Hoffie... 

Russia seeks to promote intra-Brics investment, economic development

By: Keith Campbell     1st July 2016 Russia is proposing a number of potential trade, investment and economic development projects within the framework of the Brazil, Russia, India, China and South Africa (Brics) alignment. These cover a wide range of sectors, including energy, water resources, mining and mining equipment, the... 

Solar may grow sixfold by 2030

By: Bloomberg     1st July 2016 The amount of electricity generated using solar panels stands to expand as much as sixfold by 2030 as the cost of production falls below competing natural gas and coal-fired plants, according to the International Renewable Energy Agency. Solar plants using photovoltaic (PV) technology could... 

Ukhta – Torzhok-2 gas pipeline project, Russia

By: Sheila Barradas     1st July 2016 The project aims to ensure the delivery of the required gas volumes to north-western Russia for domestic consumption and export purposes. 

Tigers Realm inks agreement with JV partners to increase Amaam ownership

By: Samantha Herbst     29th June 2016 Emerging global coking coal producer Tigers Realm Coal has signed two binding heads of agreement (HoAs) with its joint venture (JV) partners to increase its percentage ownership of the Amaam North project, in far-east Russia, from 80% to 100, and to reduce yearly JV payments on the project’s coal... 

Aspire subsidiary awarded concession for cross-country rail corridor

By: Samantha Herbst     29th June 2016 ASX-listed metallurgical coal explorer and infrastructure company Aspire Mining’s subsidiary, Northern Railways, has been awarded a rail concession from the Mongolian government to build, operate and transfer a 547 km section of the newly agreed upon Northern Rail Corridor from Erdenet, in... 

Portfolio committee chair questions DTI’s exclusion from ‘steel committee’

By: Terence Creamer     24th June 2016 The Portfolio Committee on Trade and Industry has raised serious concern about the exclusion of the Department of Trade and Industry (DTI) as a direct participant in so-called ‘steel committee’ set up to monitor interventions made to shore up the domestic primary steel industry, which is under... 

Graphite mine seeking $5.9m for plant upgrades, mechanisation and exploration

By: Oscar Nkala     24th June 2016 Zimbabwe's sole graphite mine is seeking joint venture partners or capital lenders willing to $5.9-million to fund plant upgrades and the purchase of equipment to start underground mining, as well as exploration projects to increase the operation's resource base.   Lynx Graphite board member... 

Serious stresses remain at local level, but will they affect the elections?

By: Keith Campbell     24th June 2016 As is no doubt by now well known, the Institute for Security Studies recently reported that its violence monitoring project had identified 2 880 public protests in this country between 2013 and 2015, of which 53% had been violent. These protests are often, if not nearly always, described as... 

South Africa’s R&D spend falls short of Brics counterparts

By: Mia Breytenbach     24th June 2016 South Africa spends a relatively low proportion of its gross domestic product (GDP) on research and development (R&D), the National Advisory Council on Innovation (Naci) revealed in its yearly South African Science, Technology and Innovation (STI) Indicators report. “South Africa’s general... 

South Africa seen as attractive market amid surging global solar PV deployment

By: Terence Creamer     23rd June 2016 A new study assessing the future role of solar photovoltaics (PV) in the global electricity system suggests that the technology’s installed base could grow to between 1 760 GW and 2 500 GW by 2030 and identifies South Africa as among the most attractive markets for deployment. Solar PV capacity... 

WC Wine Company Returns From Russia With A Deal Worth Millions Of Rands

     23rd June 2016 The Investment and Trade Initiatives to Moscow, Russia organised by the Department of Trade and Industry (the dti) has produced fruitful results for Stellenbosch Koopmanskloof Wines and promising leads for several others. The ITI was led by the Deputy Minister of Trade and Industry, Mr Mzwandile... 

Russia’s Gazprom and Indian E&P majors seek greater oil and gas collaboration

By: Ajoy K Das     22nd June 2016 Close on heels of India’s ONGC Videsh picking up a $1.26-billion stake in Rosneft’s Vankor oil fields, Indian oil exploration and production (E&P) majors and Russia’s Gazprom were seeking to extend collaborations beyond trading in oil and gas to exploration and production projects. 

South Africa’s stands at 49/70 in 2016 Global Country RepTrak® Study

     22nd June 2016 Brand South Africa, today joined Reputation House and the Wits Business School in announcing the results of the 2016 Global Country RepTrak® Study.  South Africa stands at 49 of 70 countries assessed in the study scoring highly on the beauty of the country and the warmth and friendliness of the... 

Global steel production falls 0.1% y/y in May

By: Anine Kilian     21st June 2016 Global steel production, as reported by the 66 member countries to the World Steel Association (worldsteel) fell by 0.1% year-on-year to 139-million tonnes in May. China produced 70.5-million tonnes of steel in May, a 1.8% increase compared with that produced in May 2015. 

All set for new performance levels – Mill revamp in record time

     20th June 2016 Comprehensive revamp of PAO Severstal’s tandem mill by SMS group increases quality and capacity SMS group (www.sms-group.com) successfully commissioned rolling mill “2100” of Russian steel producer PAO Severstal after a comprehensive mill modernization. 

Creamer Media publishes Energy Roundup for June 2016 research report

     20th June 2016 The June 2016 roundup covers activities across South Africa for May 2016 and includes details of Russia’s State nuclear agency’s plans to sign cooperation agreements with Kenya, Uganda and Zambia to lay the groundwork for an expanded presence in sub-Saharan Africa; the Department of Energy’s... 

Piping fabricators assist in Sasol projects

By: Nadine James     17th June 2016 Pressure vessels and piping fabrication specialists and construction fabrication consortium Hydra Arc Group, is one of the subcontractors assisting with the construction of an air separation unit for energy and chemicals company Sasol. The project’s main contractor, multinational gas and services... 

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