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Ariana Resources raises funds for Turkey gold projects

By: Megan van Wyngaardt 20th June 2017 Gold exploration company Ariana Resources has raised £1.87-million through the placement of 133.8-million ordinary shares and the subscription of 10.03-million new ordinary shares, at 1.30p apiece. The Aim-listed company said it would use the proceeds to provide working capital support to its... →

Ariana identifies resource targets at Tavsan

By: Creamer Media Reporter 13th June 2017 Extensive new geochemical target areas have been identified across the Tavsan gold project, in Turkey, 50%-owner Ariana Resources reported on Tuesday. This followed a soil geochemical survey, which was conducted to better define and characterise targets for a second phase of resource development... →

Greece to seek arbitration over Eldorado mine plans

By: Reuters 9th June 2017 Greece will seek arbitration to settle its differences with Canada's Eldorado Gold over gold mine developments, the country's energy ministry said on Thursday before the company's stock dropped more than 6%. Energy Minister George Stathakis has requested that the state's legal advisers prepare... →

World Bank says trade, manufacturing to boost 2017 global growth

By: Reuters 5th June 2017 The World Bank on Sunday maintained its forecast that global growth will improve to 2.7% this year, citing a pickup in manufacturing and trade, improved market confidence and a recovery in commodity prices. The update of the multilateral development lender's Global Economic Prospects report... →

Turkish May gold imports highest since August '08

By: Reuters 2nd June 2017 Gold imports to Turkey rose to 48 t in May, up from 23.9 t in April, and marking the highest monthly imports since August 2008, data from the Istanbul bourse showed on Wednesday. Turkey's gold imports rose 17-fold in March, as Turks looked to hedge currency risk ahead of an April 16 referendum,... →

Serbia-focused Tethyan plans TSX-V listing

By: Mariaan Webb 2nd June 2017 European gold and base metals explorer Tethyan Resources plans to list its shares on the TSX-V to allow the company access to North American capital markets and to increase share trading liquidity. Nonexecutive chairperson Christopher Gross said on Friday that the risk appetite of investors for... →

Turkey’s mining sector to outperform most European peers, but risks persist

By: Mariaan Webb 31st May 2017 Turkey’s mining sector is forecast to be one of the fastest growing in Europe, with the country boasting a “healthy” project pipeline of up to ten new projects, but ongoing political and social unrest has been flagged as a threat to the positive outlook. Research firm BMI is forecasting average... →

Agile Capital acquires significant equity in Bluhm Burton

29th May 2017 As a key PE player in the local market, Agile Capital actively targets investments that offer the ability to assert meaningful change. “We pursue opportunities across diverse sectors and consequently hold a broad portfolio spanning a wide range of industries,” notes Tshego Sefolo, CEO: Agile... →

Georgian Mining raises $7m for copper/gold exploration

By: Mariaan Webb 23rd May 2017 Aim-listed copper and gold developer Georgian Mining has raised $7-million in an oversubscribed placing to expand the resource at its Kvemo Bonisi (KB) project in Georgia. The project, located on the Tethyan belt, which is host to multiple high grade copper/gold deposits and producing mines in... →

Eldorado buys project developer Integra for C$590m

By: Henry Lazenby 15th May 2017 Canadian multinational miner Eldorado Gold has agreed to buy fellow Canadian project developer Integra Gold in a cash-and-scrip deal worth about C$590-million, the companies announced late on Sunday. Vancouver-headquartered Eldorado, which has operations and development projects in Turkey,... →

Why the future of Africa’s water and oil sectors is a key focus of INDUTEC 2017

15th May 2017 From pumping systems designed in a 3D virtual world to the world’s biggest pipe producer – for three days this week Johannesburg is home to cutting edge innovation. Africa’s leading industrial technology and supply expo INDUTEC 2017 opens its doors at 10am on Wednesday (May 17). INDUTEC is also... →

Banks warned of ATMs being infected remotely by malware

By: Schalk Burger 12th May 2017 Cybersecurity multinational Kaspersky Lab advises banks in the Middle East, Africa and Turkey to check random-access memory (RAM), network and registry logs to determine whether the fileless ATMitch malware is present. The ATMitch uses in-memory malware to infect banking networks. This malware is... →

Renewed interest in delayed Uganda oil refinery plan

By: John Muchira 12th May 2017 The much-delayed crude oil refinery in Uganda is back on track after eight international companies expressed interest in implementing the $4-billion project. Four of the bidders have been shortlisted, and the Uganda government intends to select one of them before July, eight months after the... →

Gold less prone to turmoil as ETF cash eases price swings

By: Bloomberg 9th May 2017 In times of trouble, gold has long been a popular haven for investors expecting that more volatility will increase the value of the commodity. But lately, it’s taking more than threats of war or terrorist attacks to get much of a reaction from the bullion market. Price swings for the precious... →

Biotechnology and injectable plant project, Turkey

By: Sheila Barradas 5th May 2017 The International Finance Corporation is considering a project loan of up to $25-million for the project. →

Alacer reports strong first quarter

By: Esmarie Swanepoel 3rd May 2017 Dual-listed gold miner Alacer Gold has reported a solid production quarter from its Çöpler mine, in Turkey, during the first quarter of 2017. The mine produced 32 918 oz in the March quarter, which was in line with the 31 926 oz produced in the previous corresponding period, Alacer reported on... →

Centerra reports strong start to 2017, builds up to crescendo by year end

By: Henry Lazenby 2nd May 2017 Canadian miner Centerra Gold has impressed the market with its notable first-quarter earnings increase of 215% year-on-year, underpinned by strong performance at its flagship Kumtor mine, in Kyrgyzstan, and the Mount Milligan mine, in British Columbia. The Toronto-headquartered company reported... →

Investment interest in Eldorado rises on back of effective Q1 ops

By: Henry Lazenby 28th April 2017 Canadian miner Eldorado Gold has swung back into the black after reporting strong results for the three months ended March, logging profit attributable to shareholders of $3.8-million, or $0.01 per share, compared with a loss of $2.5-million, or nil per share in the comparable period of 2016.... →

Digital platform opens up ‘new collar’ work vista for millions of Africans

By: Schalk Burger 28th April 2017 Digital devices and systems are crucial components of almost all professions and are changing industries and economies worldwide. Familiarity and competence with these technologies are usually the result of education and access to the technologies. Technology multinational IBM’s Digital-Nation... →

Digital platform opens up ‘new collar’ work vista for millions of Africans

By: Schalk Burger 28th April 2017 Digital devices and systems are crucial components of almost all professions and are changing industries and economies worldwide. Familiarity and competence with these technologies are usually the result of education and access to the technologies. Technology multinational IBM’s Digital-Nation... →

Goscor Group to showcase agricultural solutions at NAMPO 2017

25th April 2017 Industrial equipment supplier the Goscor Group, a part of Industrial Services Holdings (InServe), will have a major presence at Grain SA's NAMPO Harvest Day 2017 from 16 to 19 May near Bothaville in the Free State. Last year the 50th anniversary of the annual four-day event attracted a record 75... →

Global steel production reaches 410Mt in Q1

By: Megan van Wyngaardt 24th April 2017 South Africa produced an estimated 1.56-million tonnes of steel in the first quarter of the year, the World Steel Association (worldsteel) said on Monday. This was roughly the same as the 1.54-million tonnes produced in the first quarter of 2016 and came on the back of flat year-on-year... →

Stratex making strides at Senegal, Turkey gold projects

By: Megan van Wyngaardt 19th April 2017 Aim-listed Stratex International on Wednesday reported that it was nearing the completion of a review of its 85%-owned Dalafin gold exploration project, in Senegal. The company and its Senegalese partner, Energy and Mining Corporation, have concluded a significant in-country cost reduction... →

Metair in multiyear deal to supply enhanced batteries to Germany’s Daimler

By: Irma Venter 7th April 2017 Manufacturer, distributor and retailer of energy storage solutions and automotive components, Metair, has secured a multiyear supply agreement, from 2018 onwards, for the supply of enhanced flooded start/stop batteries to German car maker Daimler, in Europe, says MD Theo Loock. Speaking in... →

Regionalisation strategy needed for South African automotive manufacturers to grow

By: Shirley le Guern 6th April 2017 South African automotive manufacturers need to drive a strong regionalisation strategy in Africa, according to National Association of Automotive Component and Allied Manufacturers of South Africa (Naacam) president Dave Coffey. Welcoming guests to the first Naacam show, which has been billed as... →

'Junk'-rated debt could cost South Africa more than $10bn in lost funds

By: Reuters 6th April 2017 If South Africa loses two of its prized investment grade credit ratings for foreign and local currency borrowing in the turmoil triggered by the sacking of the finance minister, the country could lose more than $10-billion in investment funds. S&P Global has already struck. In an unscheduled... →

Freely dropping the antiprotectionist pledge

By: Riaan de Lange 31st March 2017 A favourite adage of mine is: with free advice, you get what you pay for. I heard it early in my working career, when Ken Warren, an elderly but world- and street-wise legal director of the South African Chamber of Business (Sacob), who also headed its Parliamentary team in Cape Town, mentioned... →

Laptop bomb threat is real and expect restrictions to go global

By: Keith Campbell 31st March 2017 Just about 15 months ago, on February 2, 2016, a suicide bomber detonated a bomb onboard an Airbus A321 airliner of Daallo Airlines some 15 to 20 minutes after it took off from Mogadishu Airport. The bomb blew a roughly one square metre hole in the aircraft’s fuselage. Fortunately, it had been... →

Metair sees 7% drop in profit, signs supply agreement with Daimler

By: Irma Venter 23rd March 2017 Manufacturer, distributor and retailer of energy storage solutions and automotive components, Metair, has secured a multiyear supply agreement, from 2018 onwards, for the supply of enhanced flooded start/stop batteries to German car maker Daimler, in Europe, says MD Theo Loock. Speaking in... →

Global crude steel output rose 4.1% y/y in February

By: Natasha Odendaal 23rd March 2017 Global crude steel production by the 67 countries reporting to industry body World Steel Association (worldsteel) increased 4.1% year-on-year to 126.6-million tonnes in February. China produced 4.6% more crude steel year-on-year, at 61.2-million tonnes, while Japan produced 8.3-million tonnes, a... →

SA cleantech entrepreneurs honoured on world stage

7th March 2017 Two South African cleantech innovators were honoured at the Global Forum during the 2017 Cleantech Week in San Francisco earlier this month. Yolandi Schoeman of Baoberry, the winner of the 2016 South African Global Cleantech Innovation Programme for SMEs (GCIP-SA), was named one of two overall... →

Global experts to assess market conditions and outlook for gold at 2017 Dubai Precious Metals Conference

7th March 2017 Sixth annual conference to explore challenges and opportunities facing precious metals sector across key markets including China, India, Middle East and Turkey. Despite a challenging performance towards the end of last year, precious metals gained 11.71% over 2016, driven by economic volatility... →

Alacer takes delivery of autoclaves for Çöpler sulphide expansion project

By: Creamer Media Reporter 28th February 2017 TSX- and ASX-listed Alacer Gold has taken delivery of two autoclaves at its 80%-owned Çöpler mine, in Turkey. The autoclaves form part of the Çöpler sulphide expansion project, which is expected to raise the mine’s remaining life-of-mine gold output to four-million ounces at an all-in sustaining... →

Embrace automation to stay ahead, advises Omron

By: Kim Cloete 27th February 2017 South African companies will increasingly need to embrace automation and rapidly expanding technologies to maintain their global competitiveness, says Omron Electronics Country GM Victor Marques. “The world is moving fast in this direction and developing countries like South Africa will need to... →

Alamos narrows Q4 loss as buoyant outlook bolsters guidance

By: Henry Lazenby 24th February 2017 Intermediate Canadian miner Alamos Gold on Thursday reported a net loss of $20.6-million, or $0.08 a share, for the three months ended December 31, citing stronger earnings from operations, offset by unrealised foreign exchange losses in both the foreign exchange and the deferred tax items. This... →

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... →

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... →

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