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Ariana to explore Turkey’s ‘hot gold’ corridor

By: Anine Kilian     18th January 2017 Gold exploration and development company Ariana Resources is planning to conduct exploration along what it calls the “hot gold” corridor, in Turkey, throughout this year. Several well defined target areas at Ardala South East and South West, Hizarliyayla and Incesu South, besides others, will... 

Alacer forecasts big gold production increase in 2017

By: Esmarie Swanepoel     18th January 2017 Dual-listed Alacer Gold has increased its production expectations for 2017, as higher gold production from the Çöpler gold mine, in Turkey, carried over from the end of 2016 into this year. Alacer on Wednesday reported gold production of 33 861 oz for the December quarter, which was a... 

Ariana Resources raises funds to advance Turkey gold projects

By: Megan van Wyngaardt     13th January 2017 Aim-listed Ariana Resources has raised £900 000 through an oversubscribed placing of 56.2-million new ordinary shares at 1.6p apiece. The proceeds will be used to advance the company's projects outside of Kiziltepe, in Turkey, which includes the 475 000 gold equivalent ounce Red Rabbit project,... 

Ariana says Turkey gold mine operational

By: Anine Kilian     11th January 2017 Gold exploration company Ariana Resources on Wednesday reported that its Turkey-based Kiziltepe mine was largely operational, following the successful completion of major construction in December. The commissioning of the ball mill is complete and wet commissioning of the process plant is largely... 

Eldorado defers Turkey, Brazil project development on lower price outlook

By: Henry Lazenby     7th January 2017 Canadian multinational miner Eldorado Gold has pulled the plug on two of its development projects in Turkey and Brazil, citing a lower long-term price outlook. The TSX- and NYSE-listed miner has assumed a more bearish outlook for the gold price to $1 150/oz, from $1 300/oz in September. 

Alamos stock jumps more than 15% on receiving Kirazli forestry permits

By: Henry Lazenby     6th January 2017 The TSX-listed stock of Canadian intermediate miner Alamos Gold jumped more than 15% Thursday following the company’s premarket announcement that it has received the forestry permits for the eagerly awaited Kirazli gold project, in Turkey – a key component of the Alamos’ near-term growth... 

Turkish monthly gold imports highest for two years in Dec – Borsa Istanbul

By: Reuters     4th January 2017 Gold imports to Turkey rose to 36.7 t in December, up from 4.65 t in the same period a year earlier, their highest monthly level in just over two years, data from the Istanbul bourse showed on Wednesday. For 2016 as whole, imports more than doubled to 106.2 t from 48.7 t in 2015, the data showed. 

Outlook 2017: SA growth weak, but stronger than 2016

By: News24Wire      3rd January 2017 South African asset prices should perform "ok", but mainly because there are more negative peers to compare to – especially Turkey – emerging markets economist Peter Attard Montalto of Nomura said on Thursday. "South Africa will see an overarching political narrative as the ANC moves to its... 

Eldorado, Goldcorp shuffle senior executives

By: Henry Lazenby     17th December 2016 Mid-tier miner Eldorado Gold on Friday announced the planned retirement of president and CEO Paul Wright in April 2017, nominating current Goldcorp executive VP and COO George Burns to succeed him. Vancouver-based Eldorado said Wright will remain on the Eldorado board as chairperson, replacing... 

The impending trade facilitation agreement

By: Riaan de Lange     16th December 2016 Two years ago, December 12, 2014 to be exact, my last column for the year was simply titled, ‘Trade facilitation’, and now again, my final column for 2016 is devoted to trade facilitation - the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) that is. This time around, however,... 

Centerra suspends dividends as Kumtor cash flows dry up

By: Henry Lazenby     9th December 2016 An order of the Bishkek interdistrict court that prohibits Canadian miner Centerra Gold's Kyrgyzstan subsidiary Kumtor Gold Company (KGC) from distributing cash from the cornerstone Kumtor mine, has also seen the company's board suspend its quarterly dividends owing to reduced cash flows. The... 

Climate change in the Donald Trump era

By: Saliem Fakir     9th December 2016 Donald Trump's Presidency will, no doubt, have a significant impact on the progress on collective action on the climate change front. The US President-elect has promised to rip apart any semblance that climate change is real. It is said that, in Morocco, the incumbent US climate negotiating team,... 

Alacer adjusts 2016 output expectations

By: Esmarie Swanepoel     7th December 2016 Dual-listed gold miner Alacer Gold has downgraded its production expectations for 2016, following delays in accessing higher-grade ore at the Marble pit of its Çöpler gold mine in Turkey. Alacer now expects to produce between 115 000 oz and 125 000 oz of gold this year, rather than a previous... 

Weba Chute Systems Solves Material Segregation Issues At Steel Plant In Turkey

     5th December 2016 The successful operation of three Weba Chute Systems at Isdemir Steel plant in Turkey has resulted in a contract being awarded for an additional three custom engineered transfer points. Alwin Nienaber, technical director at Weba Chute Systems, says that in addition to overcoming the challenges of... 

Hybrid gensets to complement renewable energy

By: Robyn Wilkinson     2nd December 2016 Generating set producer Aksa Power Generation South Africa (SA) will launch its hybrid generating set (genset) in South Africa in January next year, providing a standby power generating solution to the country that is able to run in parallel with renewable-energy sources. 

Top-class maintenance, repair and training augments Husky’s success

     1st December 2016 Arguably the most durable vehicle in the US military’s wheeled fleet, the Husky’s success in the field has been secured by ongoing field support – in training, maintenance and logistics – by US-based Critical Solutions International (CSI). Working in close partnership with DCD Protected Mobility,... 

Ingeteam launches its new 100 kW three-phase string inverter

     29th November 2016 The inverter is to be showcased at the Solar-Tec fair in Cairo, Egypt Series production is set to commence in June 2017 Ingeteam is finalizing the launch of its new PV string inverter, which will make it possible to achieve a power output of 100 kWAC in a single, 75 kg unit. This inverter will... 

South Africa still faces threat of downgrade to junk status, Cabinet reshuffle – economist 

By: Megan van Wyngaardt     28th November 2016 Financial services provider BNP Paribas Securities on Monday cautioned that South Africa was not out of the woods yet, with the risk of a ratings downgrade to ‘junk’ status by mid-2017 still high. This comes after ratings agencies Moody’s and Fitch on Friday maintained South Africa’s current... 

Global steel production rises 3.3% y/y in October

By: Anine Kilian     22nd November 2016 Global crude steel production, as reported by the 65 member countries of the World Steel Association (worldsteel), increased by 3.3% year-on-year to 136.5-million tons in October. South Africa’s crude steel output rose by 13.8% year-on-year to 534 000 t in October, while Egypt lifted its... 

ECDC Spent R6 Million And Attracted R19, 8 Million Testing And Developing Smme Business Ideas And Concepts In 2015/16

     21st November 2016 An Eastern Cape Development Corporation (ECDC) funded polyfibre project has been bolstered with a R22 million injection from the Department of Trade and Industry’s Employment Creation Fund for the establishment of a factory in Port Alfred and three buy-back centres in Stutterheim, Grahamstown and... 

IFC study finds climate pact helped open up $23tn in emerging market opportunities

By: Creamer Media Reporter      8th November 2016 A study released on Tuesday by the International Finance Corporation (IFC), a member of World Bank Group, shows that the historic global agreement on climate change adopted in Paris last year helped open up nearly $23-trillion in opportunities for climate-smart investments in emerging markets... 

SA needs a “less corrupt” government to boost growth – Jonas 

By: News24Wire      8th November 2016 Growth has been slowing down since 2011, and “erratic politics” is not helping the situation. Instead it undermines business and public confidence and perpetuates uncertainty, said Deputy Finance Minister, Mcebisi Jonas. Jonas was speaking at the Association of Black Securities and Investment... 

Despite improved Kumtor ops outlook, Centerra’s stock falls on Kyrgyz uncertainty

By: Henry Lazenby     7th November 2016 Canadian gold miner Centerra Gold on Monday lost 6.52% in early trading on the TSX after releasing third-quarter results before market open, as the company’s inability to use substantial cash generated from its flagship Kumtor mine, in Kyrgyzstan, weighed on investor sentiment. Toronto-based... 

Countdown to Kalahari land speed record attempt begins 

By: Irma Venter     4th November 2016 It is a few minutes shy of twelve and the heat shimmers like water on Hakskeen Pan. Royal Air Force wing commander Andy Green gets behind the wheel of a maroon Geely Boyue, journalists in tow, and chases down the pan at 160 km/h – a mere fraction of the speed at which he will travel here next... 

Countdown to Kalahari land speed record attempt begins

By: Irma Venter     4th November 2016 It is a few minutes shy of twelve and the heat shimmers like water on Hakskeen Pan. Royal Air Force Wing Commander Andy Green gets behind the wheel of a maroon Geely Boyue, journalists in tow, and chases down the pan at 160 km/h – a mere fraction of the speed he will travel here next year when he... 

The order is fading

By: Terence Creamer     4th November 2016 A line from American folk singer Bob Dylan’s 1964 classic ‘The Times They Are a-Changin'’ has deep resonance for the position the domestic and international electricity supply industry currently finds itself. Dylan, who was recently awarded the Nobel literature prize (a fact he has scarcely... 

Global wind energy industry is soaring, hears Windaba

By: Kim Cloete     2nd November 2016 China is still leading the charge in the wind energy industry, outpacing by far the US, Germany, India and Spain. Global Wind Energy Council (GWEC) secretary-general Steve Sawyer, said the last two years in the global wind energy industry had seen substantial growth, after a flat period between... 

What does the transformation of global power markets mean for SA’s renewables industry?

     31st October 2016 According to a recently released report from the International Energy Agency (IEA), the surge in renewables energy projects globally has changed power markets for good. Over the next five years, the IEA forecasts that renewables will remain the fastest-growing source of electricity generation,... 

Alacer tumbles on weak Çöpler performance

By: Henry Lazenby     27th October 2016 A delay in accessing the planned oxide ore from the Marble pit at Alacer Gold’s Çöpler gold mine, in Turkey, has resulted in lower-than-planned gold output during the third quarter. The ASX- and TSX-listed midtier gold producer said Wednesday that localised pit wall instability had to be fixed... 

EuroBLECH 2016 presents digitisation in sheet metal working on record exhibition space

     26th October 2016 EuroBLECH 2016, the 24th International Sheet Metal Working Technology Exhibition, has opened its doors today at the Hanover Exhibition Centre in Germany. Until Saturday, the 29th October 2016, a total of 1,503 exhibitors from 41 countries will present the latest technologies along the entire... 

South Africa’s crude steel output drops nearly 3% in September

By: Natasha Odendaal     21st October 2016 South Africa’s crude steel production contracted 2.7% year-on-year to 430 000 t during September, with output for the first nine months of the year down some 8.5% year-on-year to 4.6-million tonnes. Global crude steel production by the aggregate 66 countries reporting to industry body, the World... 

Cold storage capacity continues to grow globally

     21st October 2016 The 2016 Global Cold Chain Alliance (GCCA) Global Cold Storage Capacity Report shows that cold storage capacity has experienced steady growth since the last time the survey was conducted in 2014. According to the report, total capacity was 600-million cubic meters in 2016, an increase of 8.6%... 

Riverbed SteelCentral Announces New Solutions, Providing Seamless Visibility Across the Enterprise

     20th October 2016 Latest SteelCentral release further unifies performance visibility across network, infrastructure, unified communications and end-user domains.   Riverbed Technology, the application performance company, today announced the latest release of Riverbed SteelCentral, which addresses the end-to-end... 

Russian NPP design technology in global demand

By: Anine Kilian     18th October 2016 Russian nuclear company Atomstroyexport (ASE), a part of Russian State-owned Rosatom group, which designs and constructs nuclear power plants (NPPs) globally, is currently running construction projects in India, Bangladesh, Turkey, Egypt, China and Hungary – an indication that Russian-built NPPs... 

Investing in IT innovation to combat low oil prices and improve efficiency in the Oil and Gas sector

     18th October 2016 Taj Elkhayat, Regional Vice President Middle East, Turkey and Africa for Riverbed Technology It is no secret that in recent years, the Oil and Gas industry has been enduring a period of economic slowdown which is showing no signs of improving. Whilst market downturn is often accompanied by the... 

Toshiba Machine Eu Demos New Automation Cell At K2016

     17th October 2016 Toshiba Machine EU will present LIVE demonstrations showing manufacturers how they can mold and assemble complex, multi-material parts with precision and ease in an integrated automation cell requiring minimal floor space. Featuring the EC180SXII, a 1760-kN (200 US ton) all-electric injection... 

Strategic advisory services for ports and marine terminals from Advisian

     14th October 2016 Advisian, the global advisory business of the WorleyParsons Group, has seen significant growth in their Ports and Marine Terminals division in recent months, as increasing emphasis is placed on efficient terminal operations, which are essential for sustaining national competitiveness, addressing... 

Mariana Resources to explore for gold in West Africa

By: Megan van Wyngaardt     7th October 2016 Dual-listed Mariana Resources plans to acquire an 80% interest in exploration company Awalé Resources, which has gold exploration projects, in Côte d’Ivoire. The $688 999 transaction will provide Mariana with an immediate presence and established footprint in Côte d’Ivoire, given Awalé’s existing... 

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