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Topic - South America
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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 30, 2014
Yamana Gold reported a hefty third-quarter net loss on Wednesday as large impairment charges for three Brazilian mines and charges for newly enacted Chilean taxes more than offset higher production and lower costs. The Canadian-based gold miner recorded a...
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
Oct 15, 2014
Oct 15, 2014
Oct 10, 2014
 
 
 
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...
Sep 05, 2014
State-owned defence group Denel’s financial results for 2013/14 show revenue growth of 17%, improved profits and the largest multi-year order book in its history – more than R30-billion to be executed over the next 20 years. “We can safely state that Denel has now...
Aug 27, 2014
TSX- and NYSE-listed Fortuna Silver Mines on Wednesday reported a 42% rise in the contained silver and a 29% rise in the number of gold ounces contained in the measured and indicated categories at its San Jose mine, in Mexico. The South America-focused miner...
 
 
 
 
Aug 22, 2014
Newco CEO-designate Graham Kerr (right) and Martin Creamer
The assets that BHP Billiton plans to hive off into a new standalone global diversified metals and mining company generated sales revenue last year of close to $10-billion. In the last ten years, the commodities of the proposed new company (Newco) enjoyed an...
Aug 21, 2014
Aug 15, 2014
Denel CEO Riaz Salojee
The Denel Group, South Africa's State-owned defence company, has announced a stronger-than-ever order book. "Denel's order book of R32-billion is the strongest the company has had in its history," reported group CEO Riaz Saloojee on Friday. "These are contracts that...
Aug 15, 2014
Canadian midtier gold producer Iamgold’s TSX-listed stock was on Friday marching upwards again after the company on Thursday posted a narrower net loss for the three months ended June, after revenue beat analyst estimates. The stock on Friday opened at C$4.23 apiece...
Aug 06, 2014
With violent antigovernment demonstrations petering out and many of his leading opponents now muzzled, Venezuelan President Nicolás Maduro might be forgiven for thinking his administration is now on firmer ground. However, the underlying causes for the disturbances...
Aug 06, 2014
Munich-based manufacturer of light and compact equipment, Wacker Neuson, posted a clear profit increase in the second quarter of 2014, with revenue remaining at the same level as the previous year. The Group posted new record revenue and earnings figures for the...
Aug 05, 2014
Rosebel PV Plant, Suriname
Toronto-based gold producer Iamgold president and CEO Steve Letwin is championing the use of renewable energy as an opportunity for gold mines to reduce costs – a proposition that the company is testing through its Rosebel gold mine, in Suriname. Although saving...
Jul 22, 2014
Mexico-focused project-developing junior Bacanora Minerals will on Friday take up its new listing on London’s Aim, creating a more direct line to the bulk of the company’s investors. Speaking to Mining Weekly Online on Tuesday, the TSX-V-listed firm’s cofounder and...
Jul 22, 2014
South African crude steel production declined by 4.7% year-on-year in June to an estimated 590 000 t, falling behind the 3.1% average production uptick of the 65 countries reporting to the World Steel Association (worldsteel) in the same month. As a collective, the...
Jul 18, 2014
The first commercial truck rolled off the assembly line at the FAW Coega assembly plant on July 10.
 
 
 
 
Jul 17, 2014
Anglo CEO Mark Cutifani
Anglo American’s South African mines came to the party in the three months to June 30, with increased production across-the-board, including platinum supply “at normal levels” to all platinum customers, in spite of the fierce five-month strike in the platinum belt....
Jul 10, 2014
AngloGold Ashanti's David Noko
Consideration should be given to the restructuring of shifts to allow migrant mineworkers from distant areas to go home more frequently, says AngloGold Ashanti executive VP sustainability David Noko. Noko, who has headed AngloGold’s social and sustainable...
Jul 07, 2014
The TSX-V-listed stock of Canamex Resources on Monday jumped more than 30% after the company officially released the results of reverse circulation drilling at the Bruner gold project, located in Nye County, Nevada, which returned 47.3 m grading 3.44 g/t gold. The...
Jul 03, 2014
Zest Energy, a Zest WEG Group company, is poised to deliver the first of three mobile substations ordered by Eskom for deployment within its Mpumalanga Operating Unit. This represents the first mobile substation reference for Zest Energy in Africa. Eskom will utilise...
Jul 01, 2014
Transnet Port Terminals (TPT) was looking to position South Africa as a southern hub for world shipping routes within the next ten years, TPT KwaZulu-Natal operations GM Zeph Ndlovu told Engineering News Online on the sidelines of the Africa Ports & Harbours...
Jun 30, 2014
While South Africa’s mobile connection speeds surpassed that of two other countries within the Brazil, Russia, India, China and South Africa (Brics) economic bloc, it remained at the lower end of the scale in a quarterly survey of 56 countries. Akamai Technologies’...
Jun 27, 2014
TRAXX AFRICA Bombardier has been manufacturing this dual-voltage, multi-systems locomotive for ten years
Rail technology manufacturer Bombardier Transportation South Africa (BTSA) is in the process of negotiating and signing supplier subcontracts for the supply of 240 electric locomotives at a base cost of R10.4-billion to State-owned rail operator Transnet. Bombardier...
Jun 27, 2014
People are exposed all the time to a barrage of propaganda about global warming.  Very few even know of the existence of numerous short cold periods, or Little Ice Ages, that have occurred. The most recent one occurred at the time of William Shakespeare and Jan van...
Jun 27, 2014
South African prepayment electricity meter specialist Conlog has signalled its intention to aggressively accelerate its African and international expansion strategy in a bid to build on its already impressive installed base of eight-million units, which have been...
Jun 27, 2014
Ever heard of Guadeloupe? It is a group of Caribbean islands roughly 10 400 km from South Africa. It has a population of 400 000 inhabitants and is an overseas region of France. Suriname is a country in South America. It is bordered by French Guiana to the east,...
 
 
 
 
Jun 27, 2014
Recently, US aerospace group Boeing announced that a VIP version of the company’s 777-300ER wide-body airliner had been ordered by a customer whose identity was confidential. Boeing refers to this version of the aircraft as the 777-300ER BBJ, BBJ standing for Boeing...
Jun 20, 2014
South African defence company BAe Systems Land Systems South Africa (LSSA), which is composed of three divisions – OMC, Dynamics and Gear Ratio – is actively promoting its products and capabilities across a wide range of international markets. Each of the three...
Jun 18, 2014
WorleyParsons, one of the world’s largest EPCM businesses, is approaching the end of its task as lead design engineer on the iconic St Helena Airport project, an undertaking that has provided an exceptional showcase of many of its design engineering skills in a...
Jun 13, 2014
Trimble announced today that its innovative Trimble® CenterPoint™ RTX™ correction service is now available for heavy civil construction applications. Available worldwide as a subscription service, CenterPoint RTX will offer construction companies a flexible and easy...
Jun 13, 2014
South African radiation applications business NTP Radioisotopes (NTP), a wholly-owned subsidiary of the South African Nuclear Energy Corporation (better known as Necsa) will soon expand the range of radioisotopes it provides to the local and international medical...
 
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