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Giyani sees ‘company maker’ potential in Botswana manganese claims

By: Henry Lazenby     21st February 2017 Canadian junior explorer Giyani Gold is strategically repositioning to take advantage of the rising tide in the energy metals market. After dabbling in several project opportunities in recent years, including an oil and coal infrastructure opportunity in Turkey, and gold exploration in... 

De Beers' Forevermark diamonds to add 10% more outlets in 2017, says CEO

By: Reuters     18th February 2017 Diamond jewellery retailer Forevermark, part of the Anglo American mining group, has expanded to 2 000 outlets globally and expects a further 10% rise this year, CEO Stephen Lussier said on Friday. The number of new Forevermark outlets, which sell selected De Beers diamonds, rose by 14% last... 

Bagfas calcium ammonium nitrate plant revamp project, Turkey

By: Sheila Barradas     17th February 2017 Bagfas Bandirma Gubre Fabrikalari AS has awarded SNC-Lavalin the contract to revamp the plant. 

Global energy council ponders gas-related realities

     17th February 2017 In recent years, the gas market has undergone several changes - the discovery of new deposits, the evolution of gas transport techniques and the new gas pipelines are all elements that deeply modify this market, notes international energy organisation World Energy Council (WEC). The council notes... 

Spotlight on Omron PID solution at The Solar Show Africa 2017

     15th February 2017 An industry-leading solution to the problem of Potential Induced Degradation (PID), which can slash the output of a solar-power plant by as much as 70%, will take centre stage at The Solar Show Africa 2017 from 28 to 29 March at the Sandton Convention Centre. This leading exhibition and... 

Data management systems can help firms tap unused historical information

By: Schalk Burger     10th February 2017 The growing use of analytics to support business operations and the increasing complexity of data flows in all companies are leading companies of all sizes to adopt data management systems, says data management software firm Commvault Middle East, South Africa and Turkey systems engineering... 

ABB delivers growth in fourth quarter

     8th February 2017 Fourth quarter highlights • 3%1 orders growth driven by large contract awards • 9% orders growth in the United States and China • Revenues up 1% • Power Grids strong growth in orders (up 15%) and revenues (up 4%); Op EBITA margin2 increased to 10.4% • Operational EBITA margin 11.7% impacted by... 

Forevermark brand expanding customer base globally  

By: Ilan Solomons     7th February 2017 The response to the Forevermark diamond brand has been “just great” in the past three years, which is, to a significant degree, attributable to the brand’s promise of authenticity, quality, uniqueness, integrity and being ethically sourced, states De Beers' Forevermark brand ambassador at Caratco... 

Alacer reports lower FY profit as lower oxide ounces, grades weigh on bottom line

By: Henry Lazenby     7th February 2017 Canadian miner Alacer Gold's net profit fell sharply to $6.2-million, or $0.02 a share, for the 2016 financial year, compared with the $46.63-million, or $0.16 a share, reported for 2015. Gold sales of $142-million for the 12 months to December 31, were 40% lower year-on-year, reflecting a 44%... 

Tanzania said to pick Mota, Yapi to build $1.1bn rail

By: Bloomberg     3rd February 2017 Tanzania chose Turkish construction company Yapi Merkezi Insaat VE Sanayi As and Portuguese building firm Mota-Engil SGPS SA to build a railway at a cost of more than €1-billion ($1.1-billion) to connect the East African country with landlocked neighbors, people familiar with the matter said. The... 

Airbus A400M may have won $2bn Indonesian order – reports

By: Keith Campbell     3rd February 2017 French aerospace journal “Air et Cosmos” and British defence media group Jane’s have both reported that the Indonesian government has approved the purchase of five Airbus A400M military airlifter aircraft. Both cite local Indonesian media as the source of the information. According to the French... 

SOCAR gas processing and chemical project, Azerbaijan

By: Sheila Barradas     3rd February 2017 The project aims to export natural gas and gas condensate produced from the processing of raw materials, C2+ fractions polymerisation, polyethylene and polypropylene products to Turkey, Western Europe and China. 

Terex Trucks partners with Ascendum in Turkey

     31st January 2017 Front and side view of Terex Trucks’ 91-tonne capacity rigid hauler, the TR100. To lay a strong foundation for the expected long-term growth in Eurasia, Terex Trucks has struck an alliance with distinguished equipment supplier Ascendum Makina. With customers active in infrastructure, road... 

Rio unit born in Death Valley is retooled for battery boom

By: Bloomberg     31st January 2017 During the financial crisis,  Rio Tinto Group needed cash and tried to unload its oldest mining business – one that began in 1872 hauling borates salts by mule from Death Valley to make US laundry soap. The company gave up on a sale because no one would pay the asking price. A decade later, the... 

Kizildere III Unit 2 geothermal power plant project, Turkey

By: Sheila Barradas     27th January 2017 The planned project involves the extension of the power generation capacity of Kizildere III geothermal power plant from 100 MWe to 165 MWe.  

Rand could strengthen to best levels since late 2015

By: News24Wire      26th January 2017 The rand is continuing its strong showing after breaking through a significant level of R13.30/$ on Wednesday on the back of a bigger risk appetite for emerging market currencies and a strengthening of the euro. “There is now a possibility that the rand could break through the R13.20/$ and... 

PEA places Mariana’s Hot Maden in world-class league

By: Henry Lazenby     21st January 2017 Aim- and TSX-quoted exploration and development company Mariana Resources this week announced the positive results of a preliminary economic assessment (PEA) for its flagship Hot Maden project in Turkey, touting a net present value, at a 10% discount, of about $1.4-billion. "The potential value... 

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... 

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... 

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