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Six miners killed, one wounded in coal mine collapse in Turkey - aid agency

By: Reuters     17th October 2017 Six miners were killed and another was wounded after part of a coal mine in Turkey's southeastern province of Sirnak collapsed on Tuesday, Turkey's AFAD aid agency said. AFAD said search and rescue teams were searching for another worker who was trapped at the site. 

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... 

Russia’s 10-year gold itch sends its hoard to Putin-era peak

By: Bloomberg     3rd October 2017 Vladimir Putin is doing his part to keep the upswing in gold alive. Since the Russian President went on a geopolitical offensive in Ukraine in 2014, the haven asset had its first annual gain in four years in 2016 and is on track for another in 2017. A beneficiary of economic and political perils... 

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... 

Turkish firms set for $64bn spending spree to leave home

By: Bloomberg     21st August 2017 Robert Yuksel Yildirim had barely been at the family’s construction-materials business a year before the company won its first international contract. Now, it’s a conglomerate with interests in mining, ports and chemicals across 28 countries. Twenty four years after the deal to import coal... 

Metair ready for market shift to electric vehicles, says Loock

By: Irma Venter     17th August 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 on Thursday at the... 

Arafak posts strong Q2 results

By: Natasha Odendaal     11th August 2017 Nasdaq- and LSE-listed Afarak Group has delivered another robust second quarter driven by continued higher ferrochrome prices and strong market fundamentals. This followed a positive start to the new financial year after Arafak achieved the highest quarterly gains in the company’s history during... 

AB InBev to merge Russia and Ukraine businesses with Anadolu Efes

By: African News Agency      9th August 2017 The world’s largest brewer, Anheuser-Busch InBev (AB InBev) said on Wednesday that it has reached a non-binding agreement with Anadolu Efes, the leading brewer in Turkey, regarding a 50:50 merger of AB InBev’s and Anadolu Efes’ existing Russia and Ukraine businesses. This comes AB InBev’s... 

Legal and policy certainty required if gas economy is to be realised

By: Mia Breytenbach     4th August 2017 Key factors that will influence the establishment of a gas economy in South Africa include the passing of the amended Mineral and Petroleum Resources Development Act (MPRDA) and greater clarity regarding the expected and stated imports of liquefied natural gas (LNG), says South African Oil and... 

Stratex swings to profit as it sells Turkey mine

By: Mariaan Webb     3rd August 2017 Aim-quoted Stratex International on Thursday reported a half-year profit after the sale of its interest in the Altıntepe gold mine, in Turkey, helped to boost its coffers. The developer posted a profit of £880 216 in the six months ended June, which compares with a loss of £1.98-million in the... 

Gold demand slumps 14% in H1 – WGC

By: Natasha Odendaal     3rd August 2017 Global gold demand experienced an expected slowdown in the first half of this year after a rollercoaster 2016 which saw a record level surge in demand from exchange-traded funds (ETFs). The World Gold Council’s (WGC’s) latest Gold Demand Trends report showed a 14% contraction in demand in the... 

Ariana considering strategies to up Kiziltepe production

By: Mariaan Webb     31st July 2017 The Kiziltepe mine in Turkey has completed its transition in to commercial production and is operating at levels exceeding feasibility expectations, 50%-owner Ariana Resources reported on Monday. The mine, which Ariana owns in a joint venture with Proccea Construction, delivered 1 929 oz of gold... 

Eldorado profit narrows on lower sales

By: Henry Lazenby     28th July 2017 Canadian gold producer Eldorado Gold has reported lower adjusted earnings for the second quarter as lower gold sales from continuing operations weighed on the TSX- and NYSE-listed miner’s financial performance. Excluding single items, net earnings for the three months ended June 30 were... 

State capture is about ‘stealing State resources’ – Gordhan  

By: Sane Dhlamini     27th July 2017 Former Finance Minister Pravin Gordhan said on Wednesday that State capture was about “stealing State resources” and that it was a no-go area for him and his former deputy Mcebisi Jonas. Gordhan and Jonas both addressed a seminar organised by the University of Johannesburg, on State capture,... 

Custom Engineered Weba Chutes Solve All Issues At Isdemir Steel Plant

     21st July 2017 The first few transfer chutes leading into a plant handling material destined for furnaces and power generation applications commonly experience degradation, dust and impact challenges, whereas once the material is in the plant and needs to be bifurcated to multiple screens there is the... 

Custom Engineered Weba Chutes Solve All Issues At Isdemir Steel Plant

     21st July 2017 The first few transfer chutes leading into a plant handling material destined for furnaces and power generation applications commonly experience degradation, dust and impact challenges, whereas once the material is in the plant and needs to be bifurcated to multiple screens there is the... 

Gaziantep integrated health campus public–private partnership scheme, Turkey

By: Sheila Barradas     21st July 2017 Gaziantep will be one of the largest health campuses in Turkey once complete. 

Zinc, lead demand continue to outstrip output

By: Henry Lazenby     18th July 2017 New analysis by the International Lead and Zinc Study Group (ILZSG) has found that demand for zinc grew by 1.14% during the first five months of 2017, with mine output rising 6.3% and refined metal output up 0.4%. In its latest report published on Monday, the ILZSG said that preliminary data it... 

Metair buys into Germany battery manufacturer

By: Irma Venter     14th July 2017 The JSE-listed Metair group has acquired a 25.1% shareholding in Germany-based battery manufacturer and supplier, Akkumulatorenfabrik Moll (Moll), at a cash price of €7.425-million (R111.4-million). Metair is a global manufacturer, distributor and retailer of energy storage solutions and... 

Muted growth forecast for Europe’s mining industry

By: Creamer Media Reporter      13th July 2017 Mining and metals companies operating in Europe are set to remain in recovery mode, as a sluggish recovery in mineral prices keep investment activity subdued, while environmental regulations will pose headwinds for coal-producing countries. BMI Research said on Thursday that mineral prices were... 

MPRDA, LNG import clarity key to establishment of gas economy

By: Mia Breytenbach     11th July 2017 Key factors that will influence the establishment of a gas economy in South Africa include the passing of the amended Mineral and Petroleum Resources Development Act (MPRDA), while greater clarity is also needed around the anticipated and stated imports of liquefied natural gas (LNG), says South... 

Charaat names new CEO, makes board changes

By: Creamer Media Reporter      10th July 2017 Gold exploration and development company Charaat Gold on Monday announced the appointment of COO Robert Benbow as its new CEO, succeeding Dekel Golan, who has been made deputy chairperson of the board. The company said that Benbow, who assumed the position of CEO with immediate effect, would... 

CEO says his Canadian streaming company misunderstood by markets

By: Bloomberg     7th July 2017 The head of Sandstorm Gold Ltd. is feeling misunderstood. Shares in the Vancouver-based royalty and streaming company haven’t done much since it announced a deal in April to acquire Australia’s Mariana Resources Ltd. The complexity of the arrangement -– in which Sandstorm will obtain a 30 percent... 

Sandstorm completes Turkish takeover, gains Hot Maden

By: Megan van Wyngaardt     4th July 2017 Dual-listed gold streaming and royalty firm Sandstorm Gold has completed its $175-milion acquisition of Australian gold explorer Mariana Resources, which has now become a wholly owned subsidiary. The total consideration paid included 32.83-million new Sandstorm shares issued and a cash... 

Metair acquires 25.1% of German battery manufacturer in R111m deal

By: Irma Venter     4th July 2017 The JSE-listed Metair group has acquired a 25.1% shareholding in Germany-based battery manufacturer and supplier, Akkumulatorenfabrik Moll (Moll), at a cash price of €7.425-million (R111.4-million). Metair is a global manufacturer, distributor and retailer of energy storage solutions and... 

Kiziltepe ramp-up progressing smoothly – Ariana

By: Mariaan Webb     30th June 2017 The Kiziltepe precious metals mine in Turkey is gearing up for commercial production to start soon, as the ramp-up of the mine continues to meet, or exceed, the expectations of joint venture partners Ariana and Proccea Construction. In an operational update published on Friday, 50%-owner Ariana... 

Biorefinery project, Turkey

By: Sheila Barradas     30th June 2017 The proposed project entails the construction of a commercial-scale biorefinery. 

Eldorado cuts Turkish Kisladag mine guidance on gold recovery issues

By: Henry Lazenby     29th June 2017 Gold recovery issues at the leach pad of Eldorado Gold's Kisladag mine – Turkey’s largest gold mine – has prompted the Canadian miner to lower the full-year production guidance for the mine. The Vancouver-based miner on Wednesday said gold solution grade and, consequently gold recovery from the... 

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