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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... 

Centerra remains open to negotiations with Kyrgyz govt on Kumtor mine

By: Henry Lazenby     4th May 2016 Canadian miner Centerra Gold on Wednesday said the Kyrgyz Republic had “very recently” voiced its dissatisfaction with the current arrangements governing Centerra and the Kumtor project, but had made no proposals to address the situation. TSX-listed Centerra noted earlier in the week that the... 

Centerra’s Bishkek office raided by Kyrgyz general prosecutor

By: Henry Lazenby     28th April 2016 Canadian miner Centerra Gold on Thursday reported a raid of its Kyrgyz subsidiary Kumtor Gold Company’s (KGC’s) Bishkek office on Thursday afternoon by the country’s general prosecutor. The General Prosecutor’s Office (GPO) had issued a press release stating that the purpose of the search was to... 

Hungary nuclear plant expansion progressing

By: Anine Kilian     25th April 2016 The Paks nuclear power plant (NPP), in Hungary, will feature the most advanced nuclear technology in the world by 2027, when its second phase (Paks II) is launched. Paks II would incorporate generation 3+ technology, Hungarian government commissioner for Paks II Atilla Aszodi said during a media... 

Enlarged Fastener Fair Turkey underlines market confidence

     22nd April 2016 More than 190 exhibitors took part in the highly successful third Fastener Fair Turkey in Istanbul on 30 and 31 March. This represented a 46% increase in the number of companies participating compared to the previous exhibition in 2014, and led the event expanding into a second hall at the IFM -... 

South Africa’s 2016 solar-car race set to kick off on September 24

By: Irma Venter     22nd April 2016 This year’s biennial eight-day Sasol Solar Challenge will take place from September 24 to October 1. The event will start in Pretoria, move down to Port Elizabeth and wrap up in Cape Town, similar to the 2014 solar challenge. The 2016 event again revolves around maximising and managing the energy... 

Middle East, North Africa on mining periphery despite hosting 30% of the world’s minerals 

By: Ilan Solomons     15th April 2016 Despite hosting more than 30% of global mineral reserves, the Middle East and North Africa (MENA) region severely lacks exploration and resource development investment. The region’s mining industry is facing several challenges, such as social and environmental pressure from communities living... 

Uranium Resources sells noncore US assets to Laramide

By: Esmarie Swanepoel     11th April 2016 Dual-listed Laramide Resources has entered into a definitive share purchase agreement to buy Uranium Resources’ subsidiary Hydro Resources, in a deal valued at $12.5-million. Hydro Resources holds the Churchrock and Crownpoint properties, in the US state of New Mexico. 

Centerra secures $150m credit facility to develop Öksüt in Turkey

By: Henry Lazenby     6th April 2016 Canadian gold producer Centerra Gold has secured a $150-million project financing term loan that it would use to develop the Öksüt project, in Turkey. The company’s Turkish subsidiary Öksüt Madencilik Sanayi ve Ticaret (OMAS) will use the facility to finance a substantial portion of the... 

Master Drilling maintains eye on growth as strategy gains traction

By: Natasha Odendaal     31st March 2016 JSE-listed Master Drilling continued to pursue its geographic, commodity and business diversification strategy throughout 2015, with gains expected to start being realised in the coming year. The company had set the platform with the acquisition of a Sweden-based company and its Chilean... 

Alamos Q4 results fall short of expectations, replaces key reserve depletion

By: Henry Lazenby     24th March 2016 - and NYSE-listed Alamos Gold on Thursday reported fourth-quarter financial results that fell just short of analyst expectations, however, the company separately reported that it had managed to replace reserve ounces mined at its key Young-Davidson mine, in Northern Ontario. Alamos, which had... 

Wear Resistant Metal Alloy Extends Equipment Life

     18th March 2016 A global innovator of bulk handling accessories and flow aids has introduced a wear-resistant fused alloy plate that can withstand more abrasion than other protective metal linings.  With a bi-metallic design, Martin® Arcoplate™ combines a smooth and dense chromium carbide-rich metal alloy face... 

Metair see 18% decrease in HEPS amid challenging production conditions

By: Anine Kilian     17th March 2016 JSE-listed automotive products manufacturer and distributor Metair Investments has reported an 18% decrease in headline earnings a share to 248c a share for the year ended December 31, 2015, lowering headline earnings to R488-million in the same period. The group also delivered R1.1-billion in... 

2016 Sasol Solar Challenge to kick off on September 24

By: Irma Venter     16th March 2016 This year’s biennial eight-day Sasol Solar Challenge will take place from September 24 to October 1. The event will start in Pretoria, move down to Port Elizabeth and wrap up in Cape Town, similar to the 2014 solar challenge. 

At this rate, we will need a Protection of Divestment Act

By: Riaan de Lange     11th March 2016 Is it ironic that, only a few days ago, notification of the publication of the Protection of Investment Act, 2015, appeared on the Department of Trade and Industry (DTI) website and, as I am typing, a mere hours ago, the Financial Times of London announced that Britain’s largest retail bank would... 

LOESCHE delivers first mobile grinding plant

     10th March 2016 Vertical roller mill in containers. Turnkey. Clariant Germany has purchased the first mobile LOESCHE grinding plant, completely integrated in seven containers, for the Balikesir facility in Turkey. All electrical connections between the containers are pluggable. Düsseldorf - Clariant Germany... 

Fastener Fair Stuttgart 2017: Stand bookings for the International Exhibition for the Fastener and Fixing Industry well underway

     8th March 2016 The 7th International Exhibition for the Fastener and Fixing Industry, Fastener Fair Stuttgart 2017, will take place from 28 – 30 March 2017 at Messe Stuttgart in Germany. Due to a new hall positioning in halls 1, 3 and 5, there will be potential for further growth of the exhibition; a total of... 

Fully funded Centerra on track to hit a million ounces yearly by 2020

By: Henry Lazenby     8th March 2016 Canadian miner Centerra Gold is on track to hit annual output of about a million ounces by 2020, as it expands its geographic exposure through a portfolio of robust, low-cost projects. The Toronto-based miner was poised to grow organically utilising the company’s strong balance sheet, which,... 

Forevermark expands footprint to three new countries

By: Megan van Wyngaardt     3rd March 2016 Diamond miner De Beers has launched its Forevermark brand in Hungary, Thailand and South Korea, bringing its total number of outlets to 1 700 in 38 consumer markets. Forevermark launched in Hungary with R-A Diamonds, a distributor and wholesaler for fine diamond jewellery and loose diamonds. R-A... 

Get ready for Africa’s largest ever packaging and related industries show

     3rd March 2016 Over 600 exhibitors are all set to showcase new products, technologies and solutions at the largest ever Propak Africa trade show. Taking place at the Expo Centre, Nasrec in Johannesburg, from 15-18 March, Propak Africa will offer visitors the opportunity to see the latest products, equipment,... 

Get ready for Africa’s largest ever packaging and related industries show

     3rd March 2016 Over 600 exhibitors are all set to showcase new products, technologies and solutions at the largest ever Propak Africa trade show. Taking place at the Expo Centre, Nasrec in Johannesburg, from 15-18 March, Propak Africa will offer visitors the opportunity to see the latest products, equipment,... 

Uncertainty surrounds Centerra’s main producing asset in 2016

By: Henry Lazenby     25th February 2016 Significant uncertainty hangs over Canadian miner Centerra Gold’s flagship Kumtor mine, in the Central Asian Republic of Kyrgyzstan, as the company’s only currently operating mine faces legal and regulatory headwinds this year. In reporting its fourth-quarter and full-year 2015 financial results... 

BLECH India returns to Mumbai in 2017

     25th February 2016 Inter Ads-Brooks Exhibitions Pvt. Ltd., organisers of India’s premier exhibition for the Sheet Metal Working industry, have announced that BLECH India will take place from 27-29 April 2017 at the Bombay Exhibition Centre in Mumbai. Mumbai, the gateway to India, provides the perfect location for... 

S African steel output ticks up in January as world output contracts

By: Natasha Odendaal     23rd February 2016 While overall world crude steel production continued to decline, contracting 7.1% year-on-year in January, South Africa’s output grew 2.7% year-on-year to account for 650 000 t of the overall 128-million tonnes produced by the 66 countries reporting to industry body worldsteel. In December 2015,... 

Africa’s cement, concrete and construction industries are open for business

     18th February 2016 The African Construction and Totally Concrete Expo provides a unique gateway into doing construction business across the continent’s high growth and high risk markets. The subcontinent requires 40 million tonnes of new cement capacity alone in order to meet rising urbanisation and growth rates... 

It is all systems go for AAD 2016

     17th February 2016 The 9th edition of Africa Aerospace and Defence show, held biennially event at the Airforce Base Waterkloof in Tshwane, will continue as planned, under the expert watchful guidelines stipulated by the National Conventional Arms Control Committee, the regulatory body which oversees events such as... 

S Africa holds potential to be major unconventional gas producer 

By: Natasha Odendaal     15th February 2016 With unconventional gas causing a “shift in the dynamics” of the natural gas market worldwide, South Africa can exploit its potential to become a major producer if it invests in its infrastructure, develops local expertise and creates an enabling framework to stimulate investment. A new World... 

Construction chemicals producer to open R&D centre in Jet Park

     12th February 2016 Construction chemicals producer The Chryso Group’s plans to use South Africa as the springboard for increased penetration into the African continent will be boosted by the establishment of a new research and development (R&D) facility at the Chryso Southern Africa head office in Jet Park, in the... 

Centerra lifts total reserves 9%

By: Henry Lazenby     10th February 2016 Canadian miner Centerra Gold has increased its total reserve base by 9% to 8.4-million ounces of contained gold as at the end of December, up from 7.7-million ounces a year earlier. At the end of 2015, Centerra’s estimated proven and probable gold reserves increased by 666 000 contained ounces,... 

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