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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... 

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... 

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. 

Lantek: Software offering custom-built solutions for the railway industry

     17th June 2016 Ever faster, ever more reliable... From the first steam trains to old-time locomotives right up to the high speed TGV, the railway world has always been at the cutting edge of progress and technological innovation. To meet the challenges of today and particularly tomorrow, key companies within... 

TurkStream project, Russia and Turkey

By: Sheila Barradas     17th June 2016 TurkStream will connect the large gas reserves in Russia to the Turkish gas transportation network to provide reliable energy supplies for Turkey and south-east Europe. 

Bureau Van Dijk Becomes the First Company outside the Country to Join Turkey’s TEID Mission Society for Ethics and Reputation

     14th June 2016 Bureau van Dijk, the leading provider of company information, has become the first ever non-Turkish organization to become a member of Turkey’s TEID (Ethics and Reputation Society). Gathering strength with 125 members joining since 2010, representing 15% of Turkey’s GDP between them, TEID is... 

South Africa edges up a notch in competitiveness

By: Natasha Odendaal     10th June 2016 South Africa’s competiveness has inched back to its former ranking at number 52 in the Institute for Management Development’s (IMD’s) competitiveness index for 2016, recovering from its one-ranking slip to 53 in 2015. Presenting the IMD World Competitiveness Yearbook 2016 on Friday, Productivity... 

Supplying MB Screening Buckets to meet the needs of Caucasus Pipeline Project

     9th June 2016 The 692km South Caucasus Pipelinehas been designed to transport gas from the Shah Deniz field in the Azerbaijan sector of the Caspian Sea, through Georgia and on to the Georgia-Turkey border. At full capacity, and after additional stages of development, it is envisaged that the pipeline will... 

Serious questions being asked about composition of ‘fair’ steel price basket 

By: Terence Creamer     3rd June 2016 South African steel consumers are raising serious concerns about the composition of the steel-price basket being proposed by ArcelorMittal South Africa (AMSA) as a mechanism for regulating domestic flat-steel prices and are seeking urgent talks with government to air their anxieties ahead of any... 

South Africa may dodge credit rating cut on Friday but risks remain – analysts

By: Reuters     3rd June 2016 Standard & Poor's (S&P's) will probably not cut South Africa's credit rating into "junk" territory on Friday, analysts say, but it may warn that any signs of political upheaval undermining economic policy could trigger a downgrade later in the year. S&P's, which rates the sovereign debt of... 

Konya hospital project, Turkey

By: Sheila Barradas     3rd June 2016 The project involves the construction of a high-tech hospital in Konya, a city in Turkey’s central Anatolian region. 

Centerra starts Mexican exploration campaign

By: Henry Lazenby     1st June 2016 Canadian gold producer Centerra Gold has started an exploration campaign at TSX-V-listed Millrock Resources’ Los Chinos and Los Cuarentas gold projects in Sonora State, Mexico. The two companies had on March 30 announced an option-to-joint-venture agreement under which Centerra could earn a 70%... 

Global steel production down 0.5% y/y in April

By: Samantha Herbst     23rd May 2016 Despite clawing its way back in recent months from a brief slump in January and February, global crude steel production fell 0.5% year-on-year to 135-million tonnes in April, according to the World Steel Association’s (worldsteel’s) crude steel production report for April. South America was... 

PaintExpo Inspires Exhibitors and Visitors

     18th May 2016 During the course of its sixth edition, PaintExpo once again scored top ratings with regard to exhibitor and visitor numbers, as well as internationalism. The numerous RFQs, projects and orders brought to Karlsruhe by the 10,522 visitors who attended the leading international trade fair from 19... 

Eldorado announces $600m exit from China by selling remaining assets

By: Henry Lazenby     16th May 2016 Having sold its 82% interest in the Jinfeng mine to China National Gold Group for $300-million in cash late last month, Eldorado Gold on Monday announced the sale of its remaining two mines and one development project for $600-million, signalling the Canadian miner’s exit from China.... 

Alacer Gold approves $744m sulphide project at Turkey mine

By: Esmarie Swanepoel     13th May 2016 The board of Alacer Gold has approved the construction of the $744-million Çöpler sulphide project, in Turkey, the dual-listed gold miner announced on Friday. The sulphide project would consist of the introduction of a whole-ore pressure oxidation (POX) circuit at the Çöpler mine that would... 

Consulting firm calls for privatisation of power utility

By: Sascha Solomons     13th May 2016 State-owned power utility Eskom needs to be operated more like a private-sector business by people who have knowledge of the energy sector, experience in bureaucratic processes, business acumen and political influence, says global growth consulting firm Frost and Sullivan. “Bringing politics... 

EuroBLECH 2016 reflects trend towards smart manufacturing in sheet metal working

     12th May 2016 EuroBLECH 2016 will open its doors in Hanover, Germany. The exhibition will, once again, be the meeting place for sheet metal working professionals from all over the world looking to find enhanced machinery and innovative production solutions. Visitors will be able to discover an extensive... 

Technovision implements AVEVA’s Integrated Engineering & Design solution

     12th May 2016 New software will support the delivery of Architect Engineering Services to EPC Contractors of power plant projects and will help avoid costly on-site inaccuracies.   Ankara, Turkey – 12 May 2016: AVEVA announced today that Technovision (Technovision Müh. Dan. Ve Dış. Tic. A.S.), the Engineering... 

South Africa’s commitment to beneficial ownership welcomed

By: Anine Kilian     6th May 2016 South Africa launched its third National Action Plan (NAP) on Friday, which includes a high-level commitment to creating a public register of beneficial ownership information. The NAP was part of the Open Government Partnership (OGP) discussions, which were held in Cape Town, this week. 

Another Mozambique coal railway project develops, while country is hit by debt scandal 

By: Keith Campbell     6th May 2016 The international tender for the construction of a new railway to link Mozambique’s coal fields to the coast closed at the end of last week. The project is being developed by Thai Moçambique Logística, a joint venture between Thailand-based Italian Thai Development Company, which has a 60% share,... 

Cities, industrial infrastructure need protection as connectivity rises

By: Schalk Burger     6th May 2016 The threat landscape is changing, along with technologies, impacting on new fields, such as industrial infrastructure, which is becoming increasingly connected. Smart cities are also developing fast through connected devices, Web services and cloud solutions, but these are also making cities... 

Centerra remains open to negotiations with Kyrgyz govt on Kumtor mine

By: Henry Lazenby     4th May 2016 Canadian miner Centerra Gold on Wednesday said the Kyrgyz Republic had “very recently” voiced its dissatisfaction with the current arrangements governing Centerra and the Kumtor project, but had made no proposals to address the situation. TSX-listed Centerra noted earlier in the week that the... 

Centerra’s Bishkek office raided by Kyrgyz general prosecutor

By: Henry Lazenby     28th April 2016 Canadian miner Centerra Gold on Thursday reported a raid of its Kyrgyz subsidiary Kumtor Gold Company’s (KGC’s) Bishkek office on Thursday afternoon by the country’s general prosecutor. The General Prosecutor’s Office (GPO) had issued a press release stating that the purpose of the search was to... 

Hungary nuclear plant expansion progressing

By: Anine Kilian     25th April 2016 The Paks nuclear power plant (NPP), in Hungary, will feature the most advanced nuclear technology in the world by 2027, when its second phase (Paks II) is launched. Paks II would incorporate generation 3+ technology, Hungarian government commissioner for Paks II Atilla Aszodi said during a media... 

Enlarged Fastener Fair Turkey underlines market confidence

     22nd April 2016 More than 190 exhibitors took part in the highly successful third Fastener Fair Turkey in Istanbul on 30 and 31 March. This represented a 46% increase in the number of companies participating compared to the previous exhibition in 2014, and led the event expanding into a second hall at the IFM -... 

South Africa’s 2016 solar-car race set to kick off on September 24

By: Irma Venter     22nd April 2016 This year’s biennial eight-day Sasol Solar Challenge will take place from September 24 to October 1. The event will start in Pretoria, move down to Port Elizabeth and wrap up in Cape Town, similar to the 2014 solar challenge. The 2016 event again revolves around maximising and managing the energy... 

Middle East, North Africa on mining periphery despite hosting 30% of the world’s minerals 

By: Ilan Solomons     15th April 2016 Despite hosting more than 30% of global mineral reserves, the Middle East and North Africa (MENA) region severely lacks exploration and resource development investment. The region’s mining industry is facing several challenges, such as social and environmental pressure from communities living... 

Uranium Resources sells noncore US assets to Laramide

By: Esmarie Swanepoel     11th April 2016 Dual-listed Laramide Resources has entered into a definitive share purchase agreement to buy Uranium Resources’ subsidiary Hydro Resources, in a deal valued at $12.5-million. Hydro Resources holds the Churchrock and Crownpoint properties, in the US state of New Mexico. 

Centerra secures $150m credit facility to develop Öksüt in Turkey

By: Henry Lazenby     6th April 2016 Canadian gold producer Centerra Gold has secured a $150-million project financing term loan that it would use to develop the Öksüt project, in Turkey. The company’s Turkish subsidiary Öksüt Madencilik Sanayi ve Ticaret (OMAS) will use the facility to finance a substantial portion of the... 

Master Drilling maintains eye on growth as strategy gains traction 

By: Natasha Odendaal     31st March 2016 JSE-listed Master Drilling continued to pursue its geographic, commodity and business diversification strategy throughout 2015, with gains expected to start being realised in the coming year. The company had set the platform with the acquisition of a Sweden-based company and its Chilean... 

Alamos Q4 results fall short of expectations, replaces key reserve depletion

By: Henry Lazenby     24th March 2016 - and NYSE-listed Alamos Gold on Thursday reported fourth-quarter financial results that fell just short of analyst expectations, however, the company separately reported that it had managed to replace reserve ounces mined at its key Young-Davidson mine, in Northern Ontario. Alamos, which had... 

Wear Resistant Metal Alloy Extends Equipment Life

     18th March 2016 A global innovator of bulk handling accessories and flow aids has introduced a wear-resistant fused alloy plate that can withstand more abrasion than other protective metal linings.  With a bi-metallic design, Martin® Arcoplate™ combines a smooth and dense chromium carbide-rich metal alloy face... 

Metair see 18% decrease in HEPS amid challenging production conditions

By: Anine Kilian     17th March 2016 JSE-listed automotive products manufacturer and distributor Metair Investments has reported an 18% decrease in headline earnings a share to 248c a share for the year ended December 31, 2015, lowering headline earnings to R488-million in the same period. The group also delivered R1.1-billion in... 

2016 Sasol Solar Challenge to kick off on September 24

By: Irma Venter     16th March 2016 This year’s biennial eight-day Sasol Solar Challenge will take place from September 24 to October 1. The event will start in Pretoria, move down to Port Elizabeth and wrap up in Cape Town, similar to the 2014 solar challenge. 

At this rate, we will need a Protection of Divestment Act

By: Riaan de Lange     11th March 2016 Is it ironic that, only a few days ago, notification of the publication of the Protection of Investment Act, 2015, appeared on the Department of Trade and Industry (DTI) website and, as I am typing, a mere hours ago, the Financial Times of London announced that Britain’s largest retail bank would... 

LOESCHE delivers first mobile grinding plant

     10th March 2016 Vertical roller mill in containers. Turnkey. Clariant Germany has purchased the first mobile LOESCHE grinding plant, completely integrated in seven containers, for the Balikesir facility in Turkey. All electrical connections between the containers are pluggable. Düsseldorf - Clariant Germany... 

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