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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... 

US announces probe into imports of steel wire rod

By: Reuters     19th April 2017 The US Department of Commerce said on Tuesday it was launching investigations into whether imports of carbon and alloy steel wire rod from certain countries are being dumped and/or subsidised. The dumping probe affects imports from Belarus, Italy, South Korea, Russia, South Africa, Spain, Turkey,... 

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... 

Spotlight on Omron PID solution at The Solar Show Africa 2017

     15th February 2017 An industry-leading solution to the problem of Potential Induced Degradation (PID), which can slash the output of a solar-power plant by as much as 70%, will take centre stage at The Solar Show Africa 2017 from 28 to 29 March at the Sandton Convention Centre. This leading exhibition and... 

Data management systems can help firms tap unused historical information

By: Schalk Burger     10th February 2017 The growing use of analytics to support business operations and the increasing complexity of data flows in all companies are leading companies of all sizes to adopt data management systems, says data management software firm Commvault Middle East, South Africa and Turkey systems engineering... 

ABB delivers growth in fourth quarter

     8th February 2017 Fourth quarter highlights • 3%1 orders growth driven by large contract awards • 9% orders growth in the United States and China • Revenues up 1% • Power Grids strong growth in orders (up 15%) and revenues (up 4%); Op EBITA margin2 increased to 10.4% • Operational EBITA margin 11.7% impacted by... 

Forevermark brand expanding customer base globally  

By: Ilan Solomons     7th February 2017 The response to the Forevermark diamond brand has been “just great” in the past three years, which is, to a significant degree, attributable to the brand’s promise of authenticity, quality, uniqueness, integrity and being ethically sourced, states De Beers' Forevermark brand ambassador at Caratco... 

Alacer reports lower FY profit as lower oxide ounces, grades weigh on bottom line

By: Henry Lazenby     7th February 2017 Canadian miner Alacer Gold's net profit fell sharply to $6.2-million, or $0.02 a share, for the 2016 financial year, compared with the $46.63-million, or $0.16 a share, reported for 2015. Gold sales of $142-million for the 12 months to December 31, were 40% lower year-on-year, reflecting a 44%... 

Tanzania said to pick Mota, Yapi to build $1.1bn rail

By: Bloomberg     3rd February 2017 Tanzania chose Turkish construction company Yapi Merkezi Insaat VE Sanayi As and Portuguese building firm Mota-Engil SGPS SA to build a railway at a cost of more than €1-billion ($1.1-billion) to connect the East African country with landlocked neighbors, people familiar with the matter said. The... 

Airbus A400M may have won $2bn Indonesian order – reports

By: Keith Campbell     3rd February 2017 French aerospace journal “Air et Cosmos” and British defence media group Jane’s have both reported that the Indonesian government has approved the purchase of five Airbus A400M military airlifter aircraft. Both cite local Indonesian media as the source of the information. According to the French... 

SOCAR gas processing and chemical project, Azerbaijan

By: Sheila Barradas     3rd February 2017 The project aims to export natural gas and gas condensate produced from the processing of raw materials, C2+ fractions polymerisation, polyethylene and polypropylene products to Turkey, Western Europe and China. 

Terex Trucks partners with Ascendum in Turkey

     31st January 2017 Front and side view of Terex Trucks’ 91-tonne capacity rigid hauler, the TR100. To lay a strong foundation for the expected long-term growth in Eurasia, Terex Trucks has struck an alliance with distinguished equipment supplier Ascendum Makina. With customers active in infrastructure, road... 

Rio unit born in Death Valley is retooled for battery boom

By: Bloomberg     31st January 2017 During the financial crisis,  Rio Tinto Group needed cash and tried to unload its oldest mining business – one that began in 1872 hauling borates salts by mule from Death Valley to make US laundry soap. The company gave up on a sale because no one would pay the asking price. A decade later, the... 

Kizildere III Unit 2 geothermal power plant project, Turkey

By: Sheila Barradas     27th January 2017 The planned project involves the extension of the power generation capacity of Kizildere III geothermal power plant from 100 MWe to 165 MWe.  

Rand could strengthen to best levels since late 2015

By: News24Wire      26th January 2017 The rand is continuing its strong showing after breaking through a significant level of R13.30/$ on Wednesday on the back of a bigger risk appetite for emerging market currencies and a strengthening of the euro. “There is now a possibility that the rand could break through the R13.20/$ and... 

PEA places Mariana’s Hot Maden in world-class league

By: Henry Lazenby     21st January 2017 Aim- and TSX-quoted exploration and development company Mariana Resources this week announced the positive results of a preliminary economic assessment (PEA) for its flagship Hot Maden project in Turkey, touting a net present value, at a 10% discount, of about $1.4-billion. "The potential value... 

Ariana to explore Turkey’s ‘hot gold’ corridor

By: Anine Kilian     18th January 2017 Gold exploration and development company Ariana Resources is planning to conduct exploration along what it calls the “hot gold” corridor, in Turkey, throughout this year. Several well defined target areas at Ardala South East and South West, Hizarliyayla and Incesu South, besides others, will... 

Alacer forecasts big gold production increase in 2017

By: Esmarie Swanepoel     18th January 2017 Dual-listed Alacer Gold has increased its production expectations for 2017, as higher gold production from the Çöpler gold mine, in Turkey, carried over from the end of 2016 into this year. Alacer on Wednesday reported gold production of 33 861 oz for the December quarter, which was a... 

Ariana Resources raises funds to advance Turkey gold projects

By: Megan van Wyngaardt     13th January 2017 Aim-listed Ariana Resources has raised £900 000 through an oversubscribed placing of 56.2-million new ordinary shares at 1.6p apiece. The proceeds will be used to advance the company's projects outside of Kiziltepe, in Turkey, which includes the 475 000 gold equivalent ounce Red Rabbit project,... 

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