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Old rings are treasure as gold rally revives scrap recycling

By: Bloomberg     23rd August 2016 The surprising rebound in gold prices this year has given new life to unwanted jewelry, coins and trinkets – in the melting pot. More than a third of the world’s bullion supply usually comes from recycled metal, but purchases at pawn shops and cash-for-gold companies had slowed during a... 

Eldorado diversifies exploration portfolio

By: Henry Lazenby     23rd August 2016 Canadian gold producer Eldorado Gold has added four new exploration properties located in Romania, Serbia and Brazil to its portfolio, the miner said on Monday. Eldorado VP of of exploration Peter Lewis said the company was excited by the addition of the projects, since they all included defined... 

High-Performance Material Handling Technologies on Display at MINExpo 2016

     19th August 2016 A broad range of advanced technologies for safer and more productive bulk handling will be on display at MINExpo INTERNATIONAL® 2016, as Martin Engineering unveils new and improved component designs for conveyor belt cleaning, dust management, load containment, risk reduction and improved... 

Games stimulate development of problem-solving skills, Intel avers

By: Schalk Burger     19th August 2016 Games offer effective methods for students to engage with and master problem-based learning, and stimulate critical thinking and active learning, says Intel Middle East, Turkey and Africa director of innovation Hitendra Naik. The use of games in education is still in its formative stages, but... 

Siemens CEO sees political upheaval threatening orders

By: Bloomberg     19th August 2016 Fresh from raising the earnings outlook for a second time this year, Siemens AG CEO Joe Kaeser struck a more cautionary tone for the German engineering company, saying rising political uncertainty in countries like the UK and Turkey is clouding prospects for keeping the order books full.... 

Metair’s auto parts business struggles; no immediate fears over failed Turkey coup

By: Irma Venter     18th August 2016 A struggling automotive components business saw operating profit at JSE-listed Metair drop 25%, to R260-million, for the six months ended June 30, compared with the same period last year. Revenue at the energy storage solutions and automotive components manufacturer and distributor increased 14%... 

European Bank to underwrite Centerra’s $150-million Öksüt project financing term loan

By: Henry Lazenby     13th August 2016 Gold miner Centerra Gold has gained a second underwriter in the form of the European Bank for Reconstruction and Development (EBRD) for its $150-million project financing term loan that it will use to develop the Öksüt project, in Turkey. Toronto-based Centerra advised Friday that the EBRD will... 

Wacker Neuson cautious for H2 despite of a strong second quarter

     11th August 2016 In the second quarter of 2016, leading international light and compact equipment manufacturer the Wacker Neuson Group almost equaled its record revenue from the prior-year quarter. In light of increased market uncertainties and volatility for H2, the Group revised its forecast for 2016. Revenue... 

New Technology Generates Power Using Conveyor Belt Energy

     8th August 2016 A global leader in bulk handling equipment has introduced an innovative technology that uses the kinetic energy from a moving conveyor belt to generate enough power to run a wide variety of electronic systems.  Martin Engineering designed the Martin® Roll Gen™ System to create a self contained... 

Global defence aviation market predicted to expand, but competition to rise too

By: Keith Campbell     5th August 2016 European aerospace and defence company Airbus Defence and Space (Airbus DS) expects the global defence market to grow at an annual average rate of 2.4% between now and 2020. Currently, total global defence expenditure is estimated at about €400-billion. In terms of regions, defence spending in... 

Atakoy water treatment plant modernisation and expansion project, Turkey

By: Sheila Barradas     4th August 2016 The project involves the modernisation of an existing water treatment plant to treat 360 000 m3/d of wastewater. 

AB InBev to dominate top jobs after SABMiller deal

By: Reuters     4th August 2016 Anheuser Busch InBev managers will take all but one of 19 key positions following the brewer's $100-billion-plus takeover of rival SABMiller, according to details of the transaction announced on Thursday. The deal, sweetened last week to help make up for a drop in the British currency, has been... 

Eldorado Gold reports $339m loss for Q2

By: Anine Kilian     29th July 2016 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 (www.sms-group.com) 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... 

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