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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... →

Despite delay, US expected to impose steel tariffs

By: Reuters 15th August 2017 US President Donald Trump is still expected to impose steel import tariffs on national security grounds despite the delay of a probe into the matter and pursuit of multilateral talks to reduce excess capacity, industry players and trade experts say. US steel stocks have fallen nearly 10% since... →

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... →

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... →

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... →

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