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Germany favours Eurofighter as it seeks to replace Tornado

By: Reuters     12th December 2017 The German Defence Ministry said on Monday that the European fighter jet was the leading candidate to replace its Tornado jets, which it wants to start phasing out in 2025. The ministry’s position appears to contradict that of the German air force, whose chief indicated last month that he... 

Metair and partners to produce lithium-ion batteries

By: Irma Venter     8th December 2017 Energy storage and automotive component specialist Metair has launched a programme to produce lithium-ion (li-ion) batteries across its operations in South Africa, Turkey and Romania. The programme will see Metair partner with universities and industry agencies for the production and... 

Bursa integrated health campus, Turkey

By: Sheila Barradas     8th December 2017 BRS Sağlık Yatırım plans to build a 459 588 m2 health campus, in the Nilüfer region of Turkey. 

Tel Aviv Tramway Red Line signalling project, Israel

By: Sheila Barradas     1st December 2017 NTA Metropolitan Mass Transit System has signed a contract with Alstom for the signalling project. 

Metair launches SA lithium-ion battery production programme

By: Irma Venter     27th November 2017 Energy storage and automotive component specialist Metair has launched a programme to produce lithium-ion (li-ion) batteries across its operations in South Africa, Turkey and Romania. The programme will see Metair partner with universities and industry agencies for the production and... 

Power underpins wave of African industrialisation

     24th November 2017 Power is closely tied to a surge of new infrastructure projects and rapid industrialisation across Africa, with significant opportunities still open to the power sector, delegates heard at a briefing for key power sector stakeholders in Sandton this week. Infrastructure spend across Africa will... 

Tax, spend, squander provide toxic backdrop for nuclear plans

By: Keith Campbell     24th November 2017 On November 7, France ran out of money. Or, rather, France ran out of its own money; that is, it ran out of all the money the French State had gathered in taxes and other imposts. Between November 7 and December 31, the French State is running on borrowed money. This fascinating calculation was... 

Russia's VTB Capital aims to double gold sales to China in 2018

By: Reuters     21st November 2017 Russia's VTB Capital, one of Russia's biggest gold traders, aims to more than double sales of the precious metal to China next year, its global commodities chief said, after import curbs forced it to cut its target for this year. The investment banking unit of Russia's No.2 lender VTB, VTB... 

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.... 

South Korea scores partial win in WTO ruling on US steel pipe duties

By: Reuters     15th November 2017 South Korea won a partial victory on Tuesday when a World Trade Organization panel ruled on its legal challenge to US anti-dumping duties on steel pipe used in the oil industry, but Seoul lost most of the arguments it had made. The WTO dispute panel faulted the US Department of Commerce for the... 

Exploration boosts Ariana’s confidence in Salinbas project

By: Creamer Media Reporter      14th November 2017 Turkey-focused explorer Ariana Resources is encouraged by the results of its latest exploration across the so-called hot gold corridor in Turkey, where its one-million-ounce Salinbas project is located. The Salinbas gold project comprises the Salinbas gold/silver deposit and the Ardala... 

South Africa crucial to global chrome supply, Chromium 2017 hears 

By: Martin Creamer     10th November 2017 South Africa is an irreplaceable supplier of chrome ore and ferrochrome, which is, in turn, an irreplaceable component of China-dominated stainless steel production, global delegates to last week’s well-attended Chromium 2017 conference heard. South Africa, as the dominant global chrome producer,... 

Eldorado suspends Skouries development as Greek row intensifies

By: Henry Lazenby     10th November 2017 Canadian miner Eldorado Gold has moved to suspend development of its Skouries project, in Northern Greece, and has launched legal action against the Greek government for not issuing the required permits. The Vancouver-headquartered company said in a statement Thursday that, despite dialogue... 

Business process workload and orchestration platform launched in SA

By: Schalk Burger     10th November 2017 Software multinational CA Technologies has launched its Automic One Automation workload, release and orchestration products platform in Southern Africa, says Automic Middle East, Africa and Turkey sales VP Nabil Ben Abdallah. IT systems form an integral part the foundations of every company.... 

Gold demand falls to 8yr low in Q3

By: Natasha Odendaal     9th November 2017 Global gold demand fell to an eight-year low in the third quarter of this year, following a “softer quarter” of demand in the jewellery sector and significantly lower inflows into exchange-traded funds (ETFs), the latest data from the World Gold Council (WGC) shows. The ‘Gold Demand Trends’... 

Centerra, Aurico Metals reveal C$310m friendly tie-up

By: Henry Lazenby     7th November 2017 Canadian gold miners Centerra Gold and AuRico Metals have struck an accord to combine their businesses through a friendly C$310-million deal that will see Centerra usurp all of the outstanding equities of AuRico. Centerra is offering C$1.80 a share, representing a 38% premium on AuRico's... 

Stratex terminates CEO employment following blocked Crusader deal

By: Mariaan Webb     7th November 2017 Aim-listed Stratex International has confirmed that Marcus Engelbrecht is no longer CEO. In an update to shareholders following the results of last week’s general meeting where shareholders passed a resolution to remove Engelbrecht from the junior miner’s board, Stratex confirmed on Monday that... 

Turkish electronics, electrical trade mission to meet SA importers

     6th November 2017 Following renewed Turkish-South African commitments to boost bilateral trade, a Turkish electronics and electrical goods trade mission will travel to South Africa in November for meetings with local buyers and distributors.  

Turkey's gold-buying spree has market wondering how much and why

By: Bloomberg     6th November 2017 Turkey’s central bank is hoarding gold again. The question is, how much and why? Official data show Turkey added 3.8-million ounces of gold worth almost $5-billion to reserves this year. While actual purchases could be much less – the figure is skewed by metal deposited by commercial banks –... 

Global airline association predicts air passenger traffic to double by 2036

By: Keith Campbell     3rd November 2017 The International Air Transport Association (IATA) has forecast that 7.8-billion people will travel by air in 2036. This will amount to a nearly 100% increase over the figure of 4-billion air passengers expected for this year. This projection is based on a average compound annual growth rate... 

Moody's lowers Eldorado's rating outlook to 'negative'

By: Henry Lazenby     2nd November 2017 Moody's Investors Service has revised the rating outlook for Vancouver-based gold producer and project developer Eldorado Gold to negative from stable. The international advisory service has also affirmed Eldorado's B1 Corporate Family Rating, B1-PD Probability of Default Rating, and B1 senior... 

Alacer's Q3 profit rises despite production tracking towards lower end of guidance

By: Henry Lazenby     2nd November 2017 Gold producer Alacer Gold has reported net profit attributable to shareholders of $29.1-million, or $0.10 a share for the three months ended September – a $29-million improvement over the comparable year-earlier period as certain special items boosted the bottom line. Gold sales of $49.8-million... 

Seifsa concerned about US investigation into carbon, alloy steel iron rod imports

By: Anine Kilian     30th October 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) says it is extremely concerned that the challenges facing the local steel industry will only worsen if the US Department of Commerce and the US International Trade Commissions’ (ITC’s) parallel investigations to determine... 

International airline body forecasts air passenger traffic to double by 2036

By: Keith Campbell     24th October 2017 The International Air Transport Association (Iata) has forecast that 7.8-billion people will travel by air in 2036. This will amount to a nearly 100% increase over the figure of 4-billion air passengers expected for this year. This projection is based on an average compound annual growth rate... 

Eldorado once more pares Kisladag guidance as recoveries lag

By: Henry Lazenby     23rd October 2017 Canadian miner Eldorado Gold has once more reduced the production guidance at its low-grade, Turkey-based Kisladag mine, as recoveries continue to lag behind plan. Vancouver-based Eldorado, which also maintains equity listings on the TSX and NYSE, advised on Monday that monthly composite samples... 

Kiziltepe output beats feasibility forecast by 6%

By: Mariaan Webb     23rd October 2017 The Kiziltepe joint venture (JV) mine, in Turkey, has performed better than forecast in its first quarter of commercial production, with gold and silver output and sales exceeding feasibility study estimates by 6% on an a yearly basis. The Kiziltepe mine, in which Ariana Resources and Proccea... 

Self-starters share secrets to success in the South African mining sector

By: Ilan Solomons     13th October 2017 There are many ways for entrepreneurs to enter the mining industry, including as project developers, service providers and product suppliers – all of which hold great opportunities and challenges, states mining investment advisory company MX Mining Capital Advisors director Dr Mike Seeger. The... 

Pan-European bank celebrates 45 years in SA

By: Robyn Wilkinson     13th October 2017 Pan-European banking and financial services provider UniCredit will celebrate 45 years of successful service in South Africa this year, having provided support for European companies entering African markets from its Johannesburg-based representative office since 1972. 

Zinc deficit grows 30% in first eight months of 2017; lead narrows gap – ILZSG

By: Henry Lazenby     11th October 2017 The zinc supply gap has widened by 30% year-on-year for the first eight months of this year, new data published by the International Lead and Zinc Study Group (ILZSG) shows. The Lisbon, Portugal-based organisation on Wednesday said the zinc deficit had grown from 221 000 t over the same... 

Trade deals, emissions laws set to challenge SA auto industry, warns Toyota Europe’s Van Zyl

By: Irma Venter     29th September 2017 In an effort to clean up ever-increasing pollution, the UK in July announced a proposal that sales of new diesel and petrol cars would come to an end by 2040. This announcement mirrors one made earlier by the French government, with a similar timeline and intent. This means two of South Africa’s... 

Trade deals, emissions laws set to challenge SA auto industry, warns Toyota Europe’s Van Zyl

By: Irma Venter     29th September 2017 In an effort to clean up ever-increasing pollution, the UK in July announced a proposal that sales of new diesel and petrol cars would come to an end by 2040. This announcement mirrors one made earlier by the French government, with a similar timeline and intent. This means two of South Africa’s... 

Afarak to acquire Zeerust chrome mine

By: Creamer Media Reporter      27th September 2017 LSE- and Nasdaq-listed Afarak Group will, through its South African subsidiary Afarak Mining Limted, acquire a 70% interest in Zeerust Chrome Mine (ZCM) from Afrika Mineral Trading & Investment Trust, for R20-million. The remaining 30% interest in ZCM will be allocated to workers, the community... 

Giant miner vies with Google, GE, for hires amid automation push

By: Bloomberg     22nd September 2017 Rio Tinto, the world’s second-largest mining company, is focused as much on driver-less trucks and automated drills as conventional shovels and loaders these days. That means it needs a whole lot more high-tech workers. The London-based company is stepping up efforts to lure engineers and... 

Metair says lead-acid battery will still have key role as EV revolution takes hold

By: Irma Venter     1st September 2017 Metair is ready for the anticipated revolution in the automotive industry, including the introduction of electric vehicles (EV), hybrid vehicles and autonomous drive vehicles. These vehicle still need lights, brakes and wiring harnesses, for example, said Metair MD Theo Loock at the announcement... 

Ataköy-İkitelli metro line project, Turkey

By: Sheila Barradas     1st September 2017 The Istanbul Metropolitan Municipality aims to expand the existing 145 km metro network to 450 km by 2019 and to 650 km by 2030.  

Turkey’s Pinargozu zinc mine continues upward production trend

By: Mariaan Webb     25th August 2017 The Pinargozu zinc mine, in the Adana province of Turkey, has continued its upward production trend in the second quarter, delivering a 14% quarter-on-quarter production increase in the three months ended June. The mine – a joint venture (JV) between Turkey’s Akmetal and Canada’s Pasinex... 

S African packaging specialists acquired by international company

     25th August 2017 International supplier of plastic packaging ALPLA – which produces packaging for the food and beverage industry – last month bought South Africa-based packaging specialists Boxmore Packaging. 

Global steel production up 6.3% y/y in July

By: Creamer Media Reporter      24th August 2017 Global steel production increased by 6.3% year-on-year to 143.2-million tonnes in July. The World Steel Association (worldsteel) on Thursday reported that China’s crude steel production had increased by 10.3% year-on-year to 74-million tonnes, while India’s output increased by 3.5% year-on-year... 

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