R/€ = 15.50 Change: 0.26
R/$ = 13.86 Change: 0.37
Au 1354.85 $/oz Change: 19.93
Pt 1149.00 $/oz Change: 14.50


Eldorado Gold reports $339m loss for Q2

By: Anine Kilian     Updated 5 hours ago Canadian gold miner Eldorado Gold reported a $329.9-million loss attributable to shareholders of the company for the second quarter of 2016, compared with a loss of $198.6-million in the second quarter of 2015. During the period under review, the company also recorded a post-tax impairment loss... 

Alacer’s Q2 performance in line with expectations

By: Natasha Odendaal     25th July 2016 Having produced 30 047 oz of gold and 24 038 oz attributable gold during the second quarter to June, ASX- and TSX-listed Alacer Gold plans to ramp up production during the second half of 2016. The second quarter of the year, which delivered in line with expectations, operated at a total cash cost... 

Newcomers Add To Global Interest In Africa’s Premier Defence Show

     22nd July 2016 A display of the Russian-made Sukhoi Superjet and the participation of the Australian defence industry will be among the new attractions at this year’s AAD 2016 hosted at the Waterkloof Air Force Base in September. Kevin Wakeford, the CEO of Armscor, says the Africa Aerospace & Defence exhibition... 

Combination of technologies making CIOs more future-orientated

By: Schalk Burger     22nd July 2016 While the requirement to derive value from a combination of information technology (IT) projects is changing the role of CIOs, the new technologies are also driving CIOs to be aware of broader technology trends and their potential value for the company. CIOs will have to manage all projects in... 

SAB takeover getting more expensive by the day

By: News24Wire      21st July 2016 The takeover of SABMiller by Anheuser-Busch (AB) InBev is looking increasingly expensive, a merger and acquisition expert said on Thursday. Warwick Business School Professor John Colley’s pessimism comes as “various competition authorities exact a heavy price to approve the deal”, he said on... 

SMS group delivers first fully automated 25-MN closed-die forging press with automatic walking beam to PARSAN in Turkey

     19th July 2016 Turkish manufacturer of high-quality forged products, PARSAN Makina Parçaları Sanayii A.Ş. in Pendik-Istanbul, Turkey, has commissioned SMS group ( to supply a fully automated closed-die forging press. The new press of the type AMP 2500 will feature a pressing force of 25 MN and... 

Turkish gold miners operate unhindered during attempted coup

By: Henry Lazenby     18th July 2016 Turkey-focused miner Alacer Gold reported Sunday that the Çöpler mine was operating as normal and that there were no local disruptions in the wake of a military coup d'état attempt on the government of Turkish President Recep Tayyip Erdoğan. The TSX- and ASX-listed company reported that after it... 

Weba Chute Systems Reduce Material Degradation, Dust And Noise In Steel Plant

     15th July 2016 The recent installation of three Weba Chute Systems at the Isdemir Steel Plant in Turkey has significantly reduced noise levels as well as material degradation and dust levels. Alwin Nienaber, technical director of Weba Chute Systems, says that the custom engineering of the transfer points... 

UJ student-designed electrical car in top 15 at Eco-Marathon Europe 

By: Irma Venter     14th July 2016 The University of Johannesburg (UJ) Voltronics team finished 15th at the Shell Eco-Marathon Europe, held in London, earlier this month. The team’s prototype battery-electrical vehicle finished ahead of teams from France, the Netherlands, Ireland, Turkey and Spain. 

Creating Power for Sustainable Growth: POWER-GEN & DistribuTECH Africa

     13th July 2016 SSA socio-economic development hinges on energy With massive power shortfalls across the continent, Africa must look to increased generation, alternative energy and better grid management for growth 

Why Cape Town is home to South Africa’s most important meeting place for oil industry professionals

     12th July 2016 South Africa is a gateway to the continent, according to exhibitors and the new owner of Cape Industries Showcase 2016 One of South Africa’s key expos will bring a bigger focus on the oil and gas sector this September in Cape Town. 

Bauma Conexpo Africa 2018

     8th July 2016 The dates for the next Bauma Conexpo Africa are confirmed: : The third International Trade Fair for Construction Machinery, Building Material Machines, Mining Machines and Construction Vehicles will be held at the Johannesburg Expo Centre from March 13 to 16, 2018. According to Stefan Otto,... 

‘Generating’ powerful safety: Vital Engineering completes largest grating and handrail supply contract in Africa on Medupi and Kusile power stations

     1st July 2016 Vital Engineering, a company dedicated to ensuring optimum human resource safety on site, has been closely involved in Eskom’s power generation projects, Medupi and Kusile. An established manufacturer of safety handrails, floor gratings and expanded metals, the company has supplied bespoke... 

Plant-based packaging gains popularity

By: Sascha Solomons     1st July 2016 Food processing and packaging solutions provider Tetra Pak produced the world’s first package made entirely from plant materials, the Tetra Rex Bio-based, using a combination of Forest Stewardship Council-certified paperboard and certified bio-plastics materials. The company is expected to... 

Solar may grow sixfold by 2030

By: Bloomberg     1st July 2016 The amount of electricity generated using solar panels stands to expand as much as sixfold by 2030 as the cost of production falls below competing natural gas and coal-fired plants, according to the International Renewable Energy Agency. Solar plants using photovoltaic (PV) technology could... 

Mariana launches PEA on high-grade Hot Maden project, Turkey

By: Henry Lazenby     30th June 2016 Australian gold explorer Mariana Resources has launched a preliminary economic assessment (PEA) on its high-grade Hot Maden project, in north-east Turkey this week, hoping that the completed study would be a catalyst for increased investor interest. The Sydney-based company on Monday advised that... 

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... 

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... 

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