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Topic - South America
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Mar 31, 2015
Updated 7 hours ago Project developer Guyana Goldfields (GGI) on Monday said construction of the $249-million Aurora gold project, located in Guyana, South America, were in full gear and progressing on schedule and on budget, with the first gold pour on track for mid-2015. As of...
Mar 27, 2015
DRAINING RESOURCE The World Economic Forum’s ‘Global Risks 2015’ report rates water crises as “the greatest risk” worldwide, with water scarcity also being a key risk
Despite a global understanding and emphasis on water as a scarce resource, South Africa is not taking sufficient cognisance of the future risk of water security and its potential impact on business, and the domestic, industrial and mining sectors, says research and...
Mar 19, 2015
Mar 19, 2015
Preventative maintenance is essential to ensure the longevity of trommel screens. “Multotec has had trommel screens running for over ten years that are still operational,” Anthony Yell, screening product manager, says. Customers can return trommel screens for...
Mar 18, 2015
MAN SA's new solar rooftop
MAN Truck & Bus South Africa (MTBSA) on Tuesday unveiled a grid-connected solar photovoltaic (PV) rooftop system at its assembly facility in Durban, making it the first carbon-neutral MAN plant in the world. The 580 kW, 2 320-panel, 6 300 m2 system is capable of...
Mar 12, 2015
Shrinking crude exports from Venezuela to its neighbors has allowed African oil producers to gain a foothold among Latin American buyers, according to traders and data, and sales to one of the world's few regions with strong demand will keep growing. Only months ago,...
Mar 09, 2015
Mar 06, 2015
Canadian gold projects once shunned by miners in favour of more alluring opportunities overseas are regaining their sheen, as a weaker currency, new tax breaks and greater security of tenure are wooing miners to return home. In the gold rush during the last decade,...
Feb 27, 2015
Feb 23, 2015
Feb 20, 2015
Feb 20, 2015
 
 
 
Feb 12, 2015
South America-focused gold producer Yamana Gold has reported a significant net loss for the second consecutive quarter, as impairment charges for Brazilian mines and charges for newly enacted Chilean taxes have weighed on the bottom line.  For the three months ended...
Feb 11, 2015
After a slowdown in 2013, the wind industry set a new record for yearly installations in 2014, adding 51 477 MW of wind generating capacity globally, the Global Wind Energy Council (GWEC) has revealed. The record-setting figure, which brought total cumulative...
Feb 11, 2015
Despite what it describes as a “volatile market backdrop” multicommodity giant Glencore achieved across-the-board production improvements in copper, zinc, nickel, ferrochrome and coal for the year ended December 31. The group cautioned, however, that it planned to...
Feb 06, 2015
ASX-listed Arrium on Friday announced the sale of its wire ropes business to a Belgium-based firm for A$90-million. MD and CEO Andrew Roberts told shareholders that despite having a strong leverage to the mineral extraction industry, particularly through its drag...
Jan 30, 2015
GAS PRODUCT The gas industry produces industrial products, like gas condensates and urea fertiliser, which increase the investment return and attractiveness of gas projects
The once-promising notion that gas was soon to become a game- changer in Africa seems unlikely to happen in the near future, owing to the negative impact of the low oil price on the industry, says growth consulting firm Frost & Sullivan. “A preliminary assessment of...
Jan 30, 2015
Toyota South Africa Motors (TSAM) is “happy” with what its sponsorship of the Toyota Imperial South Africa Dakar team has achieved over the last few years, says TSAM president and CEO Dr Johan van Zyl. He says TSAM is evaluating the merits of continuing its...
Jan 29, 2015
To expand its worldwide service network, AUMUND established a fourth Service Center with integrated warehouse, this time in central Brazil. In addition to the warehouses in Rheinberg/Germany, Atlanta/USA and Hong Kong AUMUND now has opened the fourth Service Center...
Jan 28, 2015
Mark Cutifani
Given the sharply lower commodity price environment, particularly for bulk commodities, Anglo American said on Wednesday that it expected to record noncash impairment charges in its 2014 results. The London- and Johannesburg-listed diversified major, headed by CEO...
Jan 22, 2015
Global crude steel production rose 1.2% year-on-year to 1.66-billion tonnes in 2014, the World Steel Association (worldsteel) revealed on Thursday. While crude steel production in the European Union (EU), North America and Asia expanded by a modest 1.7%, 2% and 1.4%...
Jan 19, 2015
Four years after its first move into the South American mining market, Keech Australia has taken the next step, signing a partnership with one of Peru’s leading mining supply businesses. The Recolsa group will work closely with Keech Chile, a stand-alone subsidiary...
 
 
 
 
Jan 16, 2015
Teaming up with primary sponsor Toyota Imperial as the air freight partner of the South Africa team for the 2015 Dakar Rally, South African Airways Cargo (SAA Cargo) earlier this month shipped the team’s three vehicles and spare parts to South America. The...
Jan 16, 2015
On October 19, 2004, the world’s first exclusively biofuel powered production aircraft received its certification, allowing it to be flown operationally. That aircraft was (and is) the Neiva (now Embraer) EMB-202A Ipanema crop duster. This is the most recent version...
Jan 16, 2015
On October 19, 2004, the world’s first exclusively biofuels powered production aircraft received its certification, allowing it to be flown operationally. That aircraft was (and is) the Neiva (now Embraer) EMB-202A Ipanema crop-duster. This is the most recent version...
Dec 05, 2014
South African radar company Reutech Radar Systems (RRS) is planning to develop new products next year, while remaining focused on its core businesses. "This is to maintain our momentum in both the defence and commercial markets," says RRS CEO Carl Kies. RRS is a...
Dec 03, 2014
Paul Wilson
The volume of vaulted platinum holdings held confidentially is declining, the recently launched World Platinum Investment Council said on Wednesday. The council, which has just published its first quarterly analysis of global platinum supply and demand fundamentals,...
Nov 24, 2014
Former Reunert CEO Boel Pretorius
South African radar company Reutech Radar Systems (RRS) is planning to develop new products next year, while remaining focused on its core businesses. "This is to maintain our momentum in both the defence and commercial markets," RRS CEO Carl Kies told Engineering...
Nov 21, 2014
Joseph Stiglitz: Real exchange rate instability is a major source of uncertainty for investors
South Africa should consider policy interventions that weaken and stabilise the rand as part of a package of industrial-policy measures that supports the emergence of a diversified industrial sector able to export into the region and globally and compete with...
Nov 18, 2014
NYSE-listed Newmont Mining has welcomed the government of Suriname’s decision to exercise its option to participate in a fully-funded, 25% equity ownership stake in the Merian gold project, which is currently under construction. “We look forward to partnering with...
Nov 14, 2014
South Africa lost an estimated R17-billion worth of resources through the disposal of waste to landfill in 2012, while the effects of resource scarcity and resource constraints are increasing globally. However, the value to the economy of additional recycling or...
Nov 14, 2014
South Africa lost an estimated R17-billion worth of resources through disposal of waste to landfill in 2012, while the effects of resource scarcity and resource constraints are increasing globally. However, the value to the economy of additional recycling or recovery...
 
 
 
 
Nov 11, 2014
Professor Joseph Stiglitz
South Africa should consider policy interventions that weaken and stabilise the rand as part of a package of industrial-policy measures that supports the emergence of a diversified industrial sector able to export into the region and globally and compete with...
Oct 27, 2014
Precious metals developer and explorer Austral Gold on Monday announced that it would repay its outstanding A$61.58-million debt to Inversiones Financieras Del Sur SA (IFISA) through the issue of fully paid ordinary shares, valued at 20c each. Subject to shareholder...
Oct 17, 2014
The Weir Group PLC has entered into an agreement to acquire Trio Engineered Products, a Chinese-American manufacturer of crushing and separation equipment for the mining and aggregates markets, for an enterprise value of $220m. Trio is currently represented in South...
Oct 16, 2014
Pulacayo-Paca, Bolivia
Vancouver-based Prophecy Coal on Wednesday announced that it had agreed to buy two of TSX-V-listed Apogee Silver’s subsidiaries in order to acquire the Pulacayo-Paca silver/lead/zinc mine, in Bolivia. Prophecy Coal has a diverse portfolio of projects including coal...
Oct 15, 2014
Urban ropeways, more commonly known as cable cars, are proving to be a viable, low-cost and compact feeder option for mass transport systems in developing countries, Eurist vice executive director Matthias Nuessgen said on Wednesday. Ropeways have emerged as the mass...
Oct 15, 2014
Datatec CEO Jens Montanana
International information and communication technology solutions and services group Datatec on Wednesday reported a marginal decline in profit for the six months ended August 31 to $38.2-million, compared with a profit of $39.69-million in the prior corresponding...
Oct 10, 2014
China-based machine manufacturer XCMG launched a diverse range of specialist machinery on August 15 in Ruimsig, Johannesburg. The range includes truck loader cranes, cherry pickers, rollbacks, wheel loaders, excavators, backhoe loaders, skid-steer loaders and...
Oct 06, 2014
The World Steel Association (worldsteel) on Monday lowered its global steel demand growth forecast to 2% for 2014 and 2015, as the positive momentum seen during the second half of 2013 abated in 2014, with a weaker-than-expected performance in emerging and developing...
Oct 03, 2014
South African armoured and mine-protected vehicle company BAE Systems Land Systems South Africa (LSSA) has launched a new product. It is the RG21 4 x 4 mine-protected vehicle. "It's about affordability, supportability and protection," explained LSSA Business...
Oct 02, 2014
Weba Chute Systems has successfully concluded a major empowerment deal with Hlanganani Capital that will see the company that pioneered the Weba Transfer Chute System for bulk materials handling in the mining industry gain further traction in Africa and other...
 
 
 
 
Sep 18, 2014
The gold industry needed to make money once more, and return to fundamentals if it was to succeed in competing with the gold exchange-traded funds (ETFs) for coveted capital, the world’s seventh-largest gold producer by output said on Thursday. In a keynote address...
Sep 17, 2014
RG21
South African armoured and mine-protected vehicle company BAE Systems Land Systems South Africa (LSSA) launched its latest product at African Aerospace and Defence (AAD) 2014 at Air Force Base Waterkloof, south of Pretoria, on Wednesday. It is the RG21 4 x 4...
Sep 12, 2014
Specialist wire supplier Nockers Engineering Products notes that the manufacturing decline, which started in all local sectors in 2002 has either led to industry consolidation or company closure. “Many local component manufacturers have become importers of finished...
Sep 05, 2014
Worldwide, aviation safely transports more than three billion people a year. It is, as the International Air Transport Association (IATA) points out, the safest form of transport there is. Everywhere, aviation has become a key factor in economic growth. Africa is no...
Sep 05, 2014
Worldwide, aviation safely transports more than three billion people a year. It is, as the International Air Transport Association (IATA) points out, the safest form of transport there is. Everywhere, aviation has become a key factor in economic growth. Africa is no...
 
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