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ADM has made takeover approach to Bunge – WSJ

By: Reuters     20th January 2018 Agricultural processing and trading company Archer Daniels Midland has proposed a takeover of Bunge, the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore in an industry moving towards consolidation. Bunge and other top grains... 

Flights to encounter increasing turbulence in the future, study shows

By: Irma Venter     19th January 2018 Flights all around the world could be encountering lots more turbulence in the future, according to the first ever global projections of in-flight bumpiness.   A new study published online in Geophysical Research Letters, a journal of the American Geophysical Union, has calculated that climate... 

Condor assumes trading on TSX main board

By: Henry Lazenby     15th January 2018 Nicaragua-focused project developer Condor Gold has taken up a dual listing on the TSX starting on Monday morning, signifying a significant milestone for the company to provide a local trading platform for the company’s Canadian investors. Dovetailing with Condor’s existing LSE Aim and OTCQX... 

Lupaka upgrades Invicta road as a critical step towards imminent production

By: Henry Lazenby     12th December 2017 Peru-focused gold explorer and project developer Lupaka Gold has appointed a contractor to expand, enhance, and modify 27 km of road starting from the paved Huacho-Churin-Oyon highway, located at about 1 500 m above sea level, up to the Invicta project, located at about 3 500 m above sea level.... 

Lithium giant SQM eyes new project to tackle electric-car boom

By: Bloomberg     6th December 2017 One of the world’s largest lithium producers is looking to expand into a new country as prices surge to record highs amid a nascent electric-vehicle boom led by car makers such as Tesla and Mitsubishi. Soc. Quimica & Minera de Chile SA is considering opportunities to establish a foothold in a... 

Glencore-Canada venture hitched to low-carbon economy shift

By: Martin Creamer     5th December 2017 The joint venture partnership Glencore struck with a Canadian pension plan on Tuesday provides exposure to commodities that benefit from a low-carbon economy. BaseCore Metals, a 50:50 partnership centred on base metals streams and royalties, involves Glencore Canada Corporation contributing a... 

Reunion’s profile bolstered as Barrick sinks C$9.12m to take 15% stake

By: Henry Lazenby     1st December 2017 The TSX-V-listed equity of Canadian exploration and development company Reunion Gold jumped more than 10% on Friday after announcing that the world’s largest gold producer by output, Barrick Gold, has taken a 15% stake. NYSE- and TSX-listed Barrick has acquired 48-million Reunion shares, through... 

Positive growth for filtration industry leading to 2022

     1st December 2017 The portable filtration systems market is expected to grow from an estimated $512.6-million in 2017 to $621.4-million by 2022, registering a compound yearly growth rate of 3.93 in this time. Market research company Markets and Markets explains that stringent government regulations, growth in... 

Lupaka kicks off Invicta PEA

By: Henry Lazenby     29th November 2017 Peru-focused gold explorer and project developer Lupaka Gold has appointed consulting engineering firm SRK Consulting Canada the lead contractor to prepare a preliminary economic assessment (PEA) on its 100%-owned Invicta gold project. Invicta is an advanced-stage gold/copper polymetallic... 

Global NCAP, AA South Africa launch #SaferCarsforAfrica initiative

By: Anine Kilian     22nd November 2017 The Global New Car Assessment Programme (NCAP), together with the Automobile Association (AA) of South Africa, on Wednesday launched the #SaferCarsforAfrica initiative, in Cape Town, with the first independent crash test assessment of some of South Africa’s most popular compact and small cars.... 

Global wind power continues to propel forward in 2017

By: Kim Cloete     16th November 2017 China is surging ahead in wind power, blowing away the US – the world’s second-largest wind power market – by a long margin, while African countries are making more inroads despite facing challenges, delegates attending the yearly Windaba conference and exhibition, in Cape Town, have heard.... 

German minerals firm K&S lifts Q3 earnings, adjusts Canada mine ramp-up

By: Mariaan Webb     15th November 2017 German potash and salt producer K+S on Wednesday reaffirmed its earnings forecast for the full year, as it posted higher third-quarter revenue and earnings. The Kassel-headquartered company, which has production sites in Europe, North America and South America, increased its revenue by 6%... 

Glencore is said close to creating mining royalty company

By: Bloomberg     15th November 2017 Glencore is close to finalising a $700-million deal with the Ontario Teachers’ Pension Plan to create a new base-metals royalty company, according to people familiar with the matter. The Swiss commodity giant will bring royalty agreements from about 10 mines, while Ontario Teachers’ will... 

Nicaragua-focused Condor gains TSX listing

By: Henry Lazenby     24th October 2017 London, UK-based explorer Condor Gold has been given conditional approval to list its equities on the TSX main board, in Toronto. Focused on its flagship La India project, in Nicaragua, the company advised that it will maintain its LSE Aim stock listing. 

Goldplat increases gold sales in Sept quarter

By: Mia Breytenbach     24th October 2017 Aim-listed gold producer Goldplat has achieved a 95% year-on-year increase in gold sales to 14 374 oz for the quarter ended September 30. "With operational profitability achieved at all operations and good progress being made on our strategic objectives, I am very pleased with the results for the... 

Flights are going to get a lot more bumpy, says new research

By: Irma Venter     20th October 2017 Flights all around the world could be encountering lots more turbulence in the future, according to the first ever global projections of in-flight bumpiness.   A new study published online in Geophysical Research Letters, a journal of the American Geophysical Union, has calculated that climate... 

El Nino contributes to new high in carbon dioxide levels

By: News24Wire      16th October 2017 The amount of atmospheric carbon dioxide (CO2) in our world is likely to top 410 parts per million (ppm) this year. The CO2 measured at the Mauna Loa Baseline Atmospheric Observatory in Hawaii hit 405.1 ppm in 2016 - an increase of 3 ppm over the previous year, marking five consecutive years of... 

Cerro Pabellón geothermal power plant, Chile

By: Sheila Barradas     13th October 2017 Cerro Pabellón is the first geothermal power plant in South America and the world’s first large-scale facility of this kind to be built at 4 500 m above sea level.  

Even Stats SA could fall to State capture – Gordhan, Jonas 

By: News24Wire      12th October 2017 Statistics South Africa is not immune to the State capture project, former finance minister Pravin Gordhan and his former deputy Mcebisi Jonas said on Thursday. The warning comes as Statistician-General Pali Lehohla is set to step down in October, after 17 years in charge of Stats SA. 

Digitisation of nature presents huge opportunities - and some risks

     28th September 2017 By Simon Carpenter, Chief Technology Advisor at SAP Africa The field of bio-engineering is not new, despite its recent prominence: humans have been domesticating and selectively breeding animals since as far back as 12 000 BC. More recently, advances in technology have enabled genetic... 

Russian nuclear giant joins scramble to supply electric-car boom

By: Bloomberg     20th September 2017 Russia’s State-owned nuclear corporation is joining the lithium rush. After a collapse in the price of uranium, Rosatom Corp. plans to start mining and trading the metal used in batteries as it seeks to profit from the rapid rise of electric vehicles. 

Goldplat sees growth opportunities at Ghana recovery business, Kenya mine

By: Creamer Media Reporter      18th September 2017 Aim-listed Goldplat expects growth in its recovery business to come from its Gold Recovery Ghana (GRG) subsidiary in the 2018 financial year. Goldplat, which on Monday released its results for the financial year ended June 30, noted the difficulty in procuring sufficient appropriate quality... 

Coal market boom casts bullish trajectory for Corsa as it prowls for M&A ops

By: Henry Lazenby     14th September 2017 Surprising as it may seem, coal demand is at an all-time high, with the current heydays spelling “good profits and rising margins” for several miners in this space, including US-focused Corsa Coal. The TSX-V-listed miner, which produces coal from six mines, has one development mine and operates... 

Master Drilling posts resilient interim results, continues technological innovation focus

By: Mia Breytenbach     12th September 2017 Two additional machines and the impact of favourable foreign-exchange movements have contributed to a 12.5% increase in JSE-listed drilling services provider Master Drilling’s revenue to $60.5-million for the six months ended June 30. The group added two raise-bore machines during the period... 

Alstom appoints MD for Southern Africa cluster

By: Creamer Media Reporter      1st September 2017 Alstom has appointed Xavier Boisgontier MD of its Southern Africa cluster with effect from September 1. He will be based in Johannesburg. 

VescoPlastics

By: Zandile Mavuso     25th August 2017 South Africa-based self-lubricated polymer-bushing manufacturer VescoPlastics’ bushings continue to be ordered by a large manufacturer and supplier of trailer axles in the Asia-Pacific and Australia-New Zealand areas. 

Supplying lithium gets trickier as electric revolution looms 

By: Bloomberg     22nd August 2017 Hidden within the salt flats high in the Andes mountains of South America are vast deposits of the lithium that Elon Musk may need for his electric-car revolution. But extracting the mineral from brine ponds created by Orocobre has proved more difficult than expected. Bad weather and pump... 

Freeport-McMoRan redeems five series of senior notes

By: Henry Lazenby     18th August 2017 The world’s largest publicly traded copper producer Freeport-McMoRan (FCX) has redeemed five series of senior notes with a total value of $543-million. The Phoenix, Arizona-headquartered company advised that it had issued notices to redeem on September 18, with two series of FCX senior notes and... 

Integra Resources created to replicate Integra Gold’s success

By: Henry Lazenby     18th August 2017 Shell company Mag Copper has rebranded and appointed three former executives of Integra Gold, which was acquired by Eldorado Gold last month for C$590-million, to replicate the former company’s success elsewhere in the Americas. The company, to be rebranded Integra Resources, plans to acquire a... 

On-The-Air (11/08/2017) 

By: Martin Creamer     11th August 2017 Technology has been configured that will unleash another mining boom when implemented by the struggling mining industry; A massive 40% of the gold ore in South Africa’s rich gold basin is wastefully left behind because of outdated mining methods; and If platinum ore could be pre-sorted using... 

Electric car boom drives rush to mining's $90bn heartland

By: Bloomberg     7th August 2017 A scramble by the lithium market’s biggest players to tie up supply of the high-tech metal is gathering pace in the 170-year-old heartland of Australia’s $90- billion mining industry. Rising Chinese demand for lithium-ion batteries needed for electric vehicles and energy storage is driving... 

SADC needs to promote intra-bloc trade and South Africa should lead – OECD

By: Keith Campbell     4th August 2017 The Organisation for Economic Cooperation and Development (OECD), in its July 2017 survey of the South African economy, has urged South Africa to promote further economic integration within the Southern African Development Community (SADC). “SADC is already the largest export market and a major... 

SA-designed bakkie tailgate damper gaining traction in Australia

By: Dylan Slater     28th July 2017 The South African-designed and -manufactured bakkie tailgate damper EZDown is becoming increasingly popular and sought-after in the Australian utility-vehicle market.  

AR Controls acquires leading valve manufacturer

     21st July 2017 Valve and actuator technology manufacturer and supplier AR Controls of Vanderbijlpark has announced that it has acquired IncoValve and Controls. The latter will be established as a leading producer for a range of industries. IncoValve and Controls has worked closely with AR Controls to combine... 

Hold my hand, you silly girl

By: Terry Mackenzie-hoy     21st July 2017 On the November 26, 2011, I wrote: "After a recent tour, Public Enterprises Minister Malusi Gigaba has said the December 2013 deadline for the Medupi power station, in Lephalale, Limpopo, to start delivering power still stands. 'I have no intention of allowing any delays to the target of December... 

Diamond output leap helps Anglo

By: Martin Creamer     20th July 2017 A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a copper-equivalent basis. Rough diamond production increased by 36% to 8.7 million... 

Miners rewarded for improved capital discipline

By: Henry Lazenby     11th July 2017 Increased cash flows, merger and acquisition (M&A) activity and new debt issues have helped many of the world’s top miners strengthen their balance sheets in 2016, reflecting miners’ response to investor messages around capital discipline, according to new analysis from PwC Canada. "As the global... 

Manganese makes list of key tech metals heading for short supply

By: Martin Creamer     11th July 2017 Nothing can stop the proliferation of iPhones, solar panels and Teslas, except perhaps a shortage of key natural resources, comments the latest Fortune magazine, which puts manganese from South Africa on the list of crucial technology metals needed in the US. Fortune’s world map showing the... 

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