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Topic - South America
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Apr 26, 2016
US diversified miner Freeport McMoRan has booked a $3.8-billion write-down of the carrying value of its oil and gas properties, on the back of lower West Texas Intermediate prices. The company reported a net loss attributable to common stock totalling $4.2-billion,...
Apr 21, 2016
Flexibility, versatility and recyclability of vinyl takes center stage during the biggest sporting event taking place in Rio de Janeiro, South America, later this year During the next few months, the 2016 Olympic Games will once again be on everybody’s lips when the...
Apr 14, 2016
A prefeasibility study (PFS) into the Nueva Esperanza gold project, in Chile, has indicated that the project could deliver an average 91 000 oz of gold equivalent ounces, over a mine life of nearly 12 years. Gold miner Kingsgate Consolidated noted that mine plan...
Apr 08, 2016
REEFER CARGO VALUE MAXIMISED Dole eefer container transport preserves and transports the fruit safely using as little energy as possible
The StarConomy reefer control software designed by manufacturer of dry containers Maersk Container Industry (MCI), in conjunction with fruit multinational Dole, supports reefer  refrigerated container operators by allowing them to maximise the value of their...
Apr 07, 2016
The World Trade Organisation (WTO) warned on Thursday that growth in the volume of world trade was likely to remain sluggish in 2016 at 2.8%, unchanged from levels recorded in 2015, which was the fourth consecutive year where growth in world merchandise trade...
Apr 01, 2016
It is generally known that many minerals and metals exist, dissolved in seawater and in the waters of briny lagoons and salt lakes. According to Stanford University, in the US, seawater contains 47 minerals and metals. Starting with the most abundant and proceeding...
Apr 01, 2016
TSX-V-listed coal producer Corsa Coal has reported a fourth-quarter net loss of $106.35-million for the three months ended December 31, as realised prices for both its main operating segments fell. The company’s coal operations were conducted through the Somerset,...
Mar 31, 2016
The Development Bank of Angola (BDA) has signed US$109.7-million loan agreements with Japanese firms as part of a deal that looks set to make the oil-rich African nation one of the main telecommunication hubs on the continent. The agreement, which is backed by a...
Mar 15, 2016
Mar 11, 2016
Mar 11, 2016
Mar 09, 2016
 
 
 
Mar 04, 2016
CHEMICAL NETWORK Sasol’s chemical business has a footprint in more than 23 countries
Integrated energy and chemicals provider Sasol is refocusing its portfolio to lean more on its chemicals business, following the division’s turnover of R105-billion, which accounted for 57% of the group’s total turnover for the 2015 financial year. Sasol executive...
Mar 01, 2016
Efficiency at South Africa's busiest airport has been called into question as absenteeism was highlighted as some of the challenges to tourism by the department of home affairs in parliament on Tuesday.  The department, led by Minister Malusi Gigaba, briefed the Home...
Feb 26, 2016
Agricultural products producer Agrium Inc this week expanded its board to 12 members after it appointed three new directors, 11 of which are independent. Calgary, Alberta-based Agrium appointed Maura Clark, Miranda Hubbs, and William (Bill) Simon to its board,...
Feb 22, 2016
The turnaround strategy initiated by Aim-listed Goldplat in the 2015 financial year was starting to deliver the “desired outcomes and benefits”, with the company’s primary gold recovery operations now both cash flow positive and profitable. Reporting on its results...
Feb 19, 2016
South African defence equipment and logistics company Twiga Services is building Mamba-class armoured personnel carrier vehicles for a client in East Africa. Twiga CEO Damien de Lange says the vehicles are due for completion by the end of the year.
Feb 18, 2016
Rope winder at Gold Fields' South Deep mine
Production at the South Deep gold mine rose 24% in the last three months of 2015 to almost double the output for the corresponding period of the previous year, Gold Fields said on Thursday. In presenting yearly as well as fourth-quarter (Q4) financial results, Gold...
Feb 10, 2016
Potash developer Danakali would initiate a scoping study into potential sulphate of potash magnesia (SOP-M) production from its Colluli project, in Eritrea. The company said on Wednesday that it had produced high purity, chloride free SOP-M from the Colluli potash...
Feb 09, 2016
Plunging copper prices have pushed the copper industry into a quandary, with global demand deteriorating to an even worse extent than many people realise, Bernstein senior research analyst Paul Gait told delegates at the 2016 Investing in African Mining Indaba this...
Feb 08, 2016
South African Airways would like to notify its customers that the airline will continue to offer a daily service between Johannesburg and Sao Paolo in Brazil after the World Health Organization concluded there was no justification to impose a travel ban to Latin...
Jan 29, 2016
NWK is implementing several actions to try and reduce the impact of the drought and help ensure the sustainability of producers. Possible additional options for supporting producers – like postponing production debt and/or the consolidation of producer debt – are...
 
 
 
 
Jan 29, 2016
The roll-out of fibre-to-the-curb (FTTC) promises to change the connectivity landscape of South Africa’s consumer and small-business markets, which have largely been neglected by the country’s prominent telecommunications companies, South African technology research...
Jan 29, 2016
The roll-out of fibre-to-the-curb (FTTC) promises to change the connectivity landscape of South Africa’s consumer and small-business markets, which have largely been neglected by the country’s prominent telecommunications companies, South African technology research...
Jan 29, 2016
POWERING INDUSTIES Power generation, transmission and distribution will come to the fore at Power Ex
Exhibitions organiser Specialised Exhibitions Montgomery will this year launch a new trade show entitled Power Ex, that will focus on power generation, transmission and distribution, application and renewable energy. “Power Ex is a premier showcase for the electric...
Jan 28, 2016
Anglo's Goedehoop Colliery
The 2015 full-year production of Anglo American increased by 5% on a copper equivalent basis, despite lower iron-ore and thermal coal contributions from South Africa and a flat performance by platinum. The London- and Johannesburg-listed diversified mining company...
Jan 25, 2016
While crude steel output from the 66 steel producing countries reporting to industry body worldsteel saw a 2.8% year-on-year drop to 1.62-billion tonnes, South Africa managed to lift its output by 16.3% over the 12 months, delivering 7.6-million tonnes of steel and...
Jan 22, 2016
Expectations of innovative advancements in the construction and building materials machinery, mining machines, construction vehicles and construction equipment sectors are running high as the much anticipated bauma 2016 trade show nears. With rival companies...
Jan 22, 2016
South African new-vehicle sales declined by 4.1% in 2015 compared with 2014. This follows a 0.7% drop in 2014 compared with 2013. s Unaudited data released by the Department of Trade and Industry show that South African new-vehicle sales decreased to 617 927 units in...
Jan 20, 2016
Coal changing hands.
A newly registered unlisted private Australian company, Batchfire Resources, is buying Anglo American’s Callide thermal coal mine in Queensland under confidential terms. Anglo said on Wednesday that it had agreed to sell 100% of its shares in the subsidiary...
Jan 15, 2016
In 2015, one-ton bakkie buyers in South Africa could select their wheels from a handful of brands, mostly Japanese. Think Toyota Hilux, Mitsubishi Triton, Isuzu KB, Mazda BT-50 and Nissan NP300. In the next four years, however, another six pick-ups may be added to...
Jan 15, 2016
Gold miner B2Gold has struck an earn-in accord with uranium-focused project developer Forsys Metals to earn a 100% interest in the Ondundu gold project, in Namibia. B2Gold, which has a portfolio of projects in Africa, South America and the Philippines, started...
 
 
 
 
Jan 15, 2016
In 2015, one-ton bakkie buyers in South Africa could select their wheels from a handful of brands, mostly Japanese. Think Toyota Hilux, Mitsubishi Triton, Isuzu KB, Mazda BT-50 and Nissan NP300. In the next four years, however, another six pickups may be added to the...
Jan 12, 2016
The number of foreign visitors to South Africa increased by 7.6% year-on-year over the festive season to some two-million between December 1 and January 7, according to figures released by the Department of Home Affairs (DHA) on Tuesday. Addressing a media briefing...
Jan 12, 2016
Mining's mess exemplified by this slimes dam disaster in Brazil.
Global mining stocks have lost $1.4-trillion since 2011, more than the combined value of Apple, Exxon Mobil and Alphabet Inc, according to Bloomberg Business, which reports that its world mining index has dropped to an 11-year low. The market capitalisation of...
Jan 07, 2016
South African new-vehicle sales declined by 4.1% in 2015 compared with 2014. This follows a 0.7% drop in 2014 compared with 2013. Unaudited data released by the Department of Trade and Industry showed that South African new-vehicle sales decreased to 617 927 units in...
Dec 10, 2015
In response to deteriorating market conditions, US diversified miner Freeport-McMoRan (FCX) on Wednesday again cut its capital spending plans for its oil and gas division, while also announcing more curtailments in copper and molybdenum output, while it suspended its...
Dec 08, 2015
Mark Cutifani
The share price of Anglo American fell by more than 12% on Tuesday after the diversified major set out radical portfolio restructuring, further material cost savings, more capital expenditure (capex) reductions, a reduction of the total number of employees to 50 000...
Dec 02, 2015
South Africa continues to hold its own against its international peers in terms of its tax regime and culture, emerging twentieth overall out of 189 economies polled as part of professional services firm PwC and the World Bank’s ‘Paying Taxes: 2016’ report. While...
Nov 27, 2015
As a strategic, expansion step to increase its specialist skills as a fully integrated physical asset management service provider, Pragma has acquired a majority share in condition monitoring specialists, Martec. Founded in 1990, Pragma delivers integrated physical...
Nov 27, 2015
TRAPPING DUST PowerCore technology was integral to the success of the South African Toyota Imperial team, which competed in the 2015 Dakar Rally
Integrated filtration solutions supplier Donaldson Filtration Solutions will manufacture its PowerCore dust collectors at its facility in Alrode, Johannesburg, South Africa in 2016. PowerCore technology is currently imported from Europe where it has been available to...
Nov 25, 2015
Specialised Exhibitions Montgomery has announced the launch of its new trade show Power Ex that will focus on power generation, transmission and distribution, application and renewable energy. Power Ex is a premier showcase for the electric power and energy sectors...
 
 
 
 
Nov 25, 2015
Nov 25, 2015
This year will be the hottest on record and 2016 could be hotter due to the El Niño weather pattern, the World Meteorological Organization said on Wednesday, warning inaction on climate change could see temperatures rise by 6 degrees Celsius or more. But decisions...
Nov 21, 2015
The global coal industry has contracted for the first time in 21 years, as slowing growth in certain significant markets weighed on the industry’s outlook, the US Energy Information Administration (EIA) has found. According to an EIA report, global trade of coal grew...
Nov 18, 2015
South32's first annual general meeting
Diversified mining company South32, which was spun out of BHP Billiton earlier this year, is reviewing its tailings dam risk in the light of the collapse that killed 11 and displaced 600 at Samarco, the iron-ore mine in Brazil owned jointly by BHP Billiton and Vale....
Nov 17, 2015
Only three months after its formation on August 19, financial technology (fintech) investment group M-FiTEC International has listed on the JSE’s AltX, under the board’s specially designated special purpose acquisition company (Spac), through which it planned to...
 
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