R/€ = 14.91 Change: -0.04
R/$ = 12.15 Change: -0.04
Au 1334.49 $/oz Change: -6.61
Pt 926.50 $/oz Change: -5.49


VARTA® from Johnson Controls now distributed by Auto X, the leading automotive battery manufacturer and distributor in South Africa

     Updated 35 minutes ago With its innovative technology VARTA® is at the forefront to move automotive aftermarket battery business to the next level. Driven by OEM requirements translated to sustainable aftermarket needs. Johnson Controls and Auto X today announce the distribution of VARTA® automotive batteries by Auto X... 

Q1 production on par with FY expectation for Ariana’s Turkish gold mine

By: Marleny Arnoldi     16th April 2018 The Kiziltepe joint venture (JV) mine, in which Aim-listed Ariana Resources holds 50%, lifted its first-quarter production by 8% quarter-on-quarter to 4 866 oz, augmented by an increase in gold recovery from the processing plant.  

Tavsan feasibility study to start following resource classification

By: Creamer Media Reporter      9th April 2018 The resource classification of the Tavsan project, in Turkey, has been materially improved, with 71% of the resource now classified as measured and indicated, 50% owner Ariana Resources reported on Monday. The Tavsan project, which is part of the Red Rabbit joint venture (JV) with Turkish firm... 

Moody’s downgrades Eldorado credit rating

By: Henry Lazenby     6th April 2018 Moody's Investors Service has downgraded Canadian miner Eldorado Gold’s corporate family credit to B2 from B1, citing high geopolitical risks, limited mine diversity, and execution risks related to its material development projects. "The downgrade of Eldorado's rating reflects the high execution... 

Continued growth for tool manufacturer

     6th April 2018 This year, tool and equipment manufacturer the Hilti Group intends to maintain its growth momentum following last year’s growth of CHF 5.1-billion throughout all of its business regions. The company explains that year-on-year the company’s sales are up by 10.8%, and 9.6% in local currencies. 

Koza Altin, GreenOre to expand drilling for gold in Scotland

By: Reuters     5th April 2018 Koza, whose founder had to abandon his Turkish gold assets, is expanding his operations in Britain with a $1-million programme to drill for gold in Ayrshire, Scotland, together with a venture partner, the company said on Thursday. Founder Akin Ipek built a multi-billion-dollar fortune in Turkey... 

Eldorado Gold updated Greek mine plan reduces 'footprint'

By: Reuters     30th March 2018 Canada's Eldorado Gold filed a new technical report for its contentious Skouries gold mine project, in Greece, on Thursday, which said it "significantly" reduces the development's environmental footprint. The miner, which also filed updated reports for projects in Turkey and Canada, took a tough... 

Ford more than doubles engine assembly capacity at PE plant

By: Irma Venter     27th March 2018 Ford Motor Company of Southern Africa (FMCSA) is expanding its Struandale engine plant, in Port Elizabeth, as part of a R3-billion investment in its South African operations, announced late last year. The Struandale plant currently machines cylinder heads, cylinder blocks and crankshafts for the... 

Sudan, Qatar to sign $4bn deal to manage Red Sea port – Ministry

By: Reuters     27th March 2018 Sudan and Qatar will sign a $4-billion agreement to jointly develop the Red Sea port of Suakin off Sudan's coast, Sudanese media quoted Transport Minister Makawi Mohamed Awad as saying. Awad made the announcement during a visit by Qatari officials to Suakin on Sunday, the reports said. 

Global crude steel production increases 3.5% y/y in February

By: Simone Liedtke     26th March 2018 Global crude steel production increased by 3.5% year-on-year to 131.8-million tonnes in February, the World Steel Association (worldsteel) reported on Monday. Africa’s crude steel production increased by 4% year-on-year to 1.1-million tonnes, mainly as a result of a 7.6% year-on-year increase in... 

Eldorado falls to new 52-week low as Q4 results, technical studies fail to impress

By: Henry Lazenby     23rd March 2018 Canadian gold producer Eldorado Gold has slipped to a fresh 52-week low on both the TSX and NYSE on Thursday after it reported disappointing fourth-quarter financial results and a 10% fall in overall gold reserves. Vancouver-based Eldorado reported a net loss of $20.7-million, or $0.03 a share,... 

Signs of industry recovery at bauma CONEXPO AFRICA amidst regional economic challenges

By: Creamer Media Reporter      21st March 2018 The premier trade fair for construction machinery, building material machines, mining machines and construction vehicles in Africa has firmly established itself in the market following its third edition. 454 exhibitors from 34 countries and 14,167 visitors attended the international trade fair,... 

Metair aims to almost double gigawatt hours capacity in the next three years

By: Irma Venter     15th March 2018 Energy storage and automotive component manufacturer Metair is gearing up to become a multiple-site giga factory, in an effort to reap the benefits from the rapid increase in battery use in the automotive, telecoms, utility, mining, retail and materials-handling sectors. “We have made good... 

Cemteq Established To Supply Smart, Sustainable Building Materials

     15th March 2018 Wadeville-based Sun Silicates has established a sister company, CemteQ Building Solutions (Pty) Ltd, that specialises in developing and marketing unique, value-adding products for the building and construction industries. Initially CemteQ will focus on using high quality Perlite produced by Sun... 

Ariana forecasts higher output from Turkey mine

By: Creamer Media Reporter      12th March 2018 The Kiziltepe mine – a joint venture between London-listed Ariana Resources and Turkey’s Proccea Construction – will produce significantly more gold this year, than it did in 2017. In a 2018 production guidance, issued on Monday, Ariana stated that the Turkey-based mine would produce 20 000 oz of... 

Energy execs says tariff gambit could hit shale, LNG project costs

By: Reuters     7th March 2018 Energy executives say the Trump administration's proposed steel and aluminum tariffs could bump up the cost of big-ticket projects needed for rapidly rising US shale oil and gas output by three to 10%. Higher construction costs could slow growth in production and exports of crude and natural gas... 

Africa’s leading industry trade fair prepares to open its doors

By: Creamer Media Reporter      6th March 2018 The countdown has begun: bauma CONEXPO AFRICA opens its doors for the third time in one week. The largest trade fair for construction machinery, building material machines, mining machines and construction vehicles in Africa continues to attract international participation, highlighted by four... 

Europe's firm response to stop short of trade war with Trump

By: Reuters     2nd March 2018 The firm response Europe has pledged to planned US tariffs on steel and aluminium imports is likely to stop short of triggering the trade war that open market supporters fear. US President Donald Trump said on Thursday the United States would apply duties of 25% on imported steel and 10% on... 

Metair buys into Romanian battery packs, electric drives firm

By: Irma Venter     2nd March 2018 Energy storage and automotive component specialist Metair has acquired 35% in Primemotors (Prime), in Romania, through its wholly owned subsidiary, Rombat, in an effort to accelerate its production of lithium-ion (li-ion) batteries for the growing European market. Metair recently launched a... 

Alexander Mining forms partnership with Turkish firm

By: Creamer Media Reporter      21st February 2018 Aim-listed mining and mineral processing technology company Alexander Mining has executed a commercial and technical partnership agreement with Turkey’s Proses Mühendislik, Danışmanlık, İnşaat ve Tasarım (Proses), which may result in the use of the company’s proprietary processing technologies... 

Seifsa worried about potential impact of proposed US steel import tariff increases

By: Megan van Wyngaardt     20th February 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has warned that the difficulties facing the local steel industry would continue to worsen in the year ahead if the US Department of Commerce's recommendation for a tariff of at least 53% on all steel imports from 12... 

Metair expands lithium-ion capabilities in Romania

By: Irma Venter     19th February 2018 Energy storage and automotive component specialist Metair has acquired 35% in Primemotors (Prime), in Romania, through its wholly owned subsidiary, Rombat, in an effort to accelerate its production of lithium-ion (li-ion) batteries for the growing European market. Metair recently launched a... 

'Off to the races' for South African assets as Ramaphosa steps in

By: Bloomberg     15th February 2018 Stocks surged the most since December 2014, the rand rallied to a three-year high and bond yields fell to a level last seen more than two years ago as market favorite Cyril Ramaphosa took the helm of Africa’s most industrialized economy. “This is the Cyril bonus,” said Wayne McCurrie, the head of... 

Stratex strikes exploration deal in Turkey

By: Mariaan Webb     15th February 2018 Aim-quoted Stratex has signed an exploration agreement with a local Turkish company TET Madencilik (TET), which has committed to spend up to $1.5-million on exploration and drilling at the Hasançelebi and Doğala projects in the next two years. The projects have been noncore to Stratex’s portfolio... 

Global aeronautics body promoting networking among young researchers

By: Rebecca Campbell     9th February 2018 The International Forum for Aviation Research (IFAR) is seeking to develop international interactions between young professionals working in both technical and non-technical areas of aviation research around the world. This initiative is described as “early career networking” and is a focus area... 

EU steel sector sees demand growth in 2018, import threat

By: Reuters     6th February 2018 European steel demand is set to rise in 2018 with continued strength in most steel-using sectors, European steel association Eurofer said on Tuesday, while warning of a threat of rising imports. Apparent steel consumption, which excludes the impact of inventory changes, is set to rise by 1.9% in... 

Kiziltepe beats feasibility forecasts – Ariana

By: Creamer Media Reporter      1st February 2018 The Kiziltepe gold and silver joint venture (JV) mine, in Turkey, has exceeded its feasibility study production forecast by 38% on gold-only basis, 50%-owner Ariana Resources reported on Thursday. The mine, in which Proccea Construction is the other JV partner, produced and sold 4 501 oz of gold... 

Tharisa entering multi-project PGM-chrome growth phase

By: Martin Creamer     31st January 2018 Platinum group metals (PGMs) and chrome co-producer Tharisa Minerals, which predicts that a global chrome ore deficit is on the horizon, has published details of its strategic Vision 2020 growth thrust. “Tharisa is entering an exciting growth phase,” CEO Phoevos Pouroulis said in the release to... 

Turkish gold businessman to sue Turkey's savings deposit bank

By: Reuters     27th January 2018 The founder of Turkey's biggest mining company Akin Ipek has launched legal action against a Turkish state fund in the latest stage of his battle for control of London-based assets, a spokesman for the British subsidiary said. Turkish authorities have seized hundreds of companies that are now... 

Turkish gold imports hit record 370 t in 2017 – Borsa Istanbul

By: Reuters     19th January 2018 Gold imports to Turkey hit a record 370 t in 2017, more than trebling from 106.1 t, data from Borsa Istanbul showed. This was the highest level of imports since the data was made available in 1995 and well above the previous record of 302 t set in 2013. 

Alacer sees 2018 as ‘pivotal’ year

By: Natasha Odendaal     16th January 2018 TSX- and ASX-listed Alacer Gold has produced 168 163 oz of gold at all-in sustaining costs (AISC) of $685/oz, meeting its original production targets and beating its AISC cost guidance for the year. Going forward, the gold mining company expects 2018 to be a pivotal year, as the Çöpler sulphide... 

Seifsa warns US antidumping duties could hurt local steel industry

By: Megan van Wyngaardt     12th January 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is worried about the potential impact on the local steel industry of the US Department of Commerce’s (DoC’s) affirmative final determinations in an antidumping duty investigation into imports of carbon and alloy steel... 

Eldorado agrees to extend Greek arbitration period

By: Henry Lazenby     20th December 2017 Canadian miner Eldorado Gold has agreed to extend the 90-day arbitration period by 60 days to April 6, 2018. The Greek arbitration panel hearing a complaint by the country’s Finance, and Environment and Energy Ministries against the company's subsidiary Hellas Gold requested the extension. 

Ericsson Mobility Report: 17 million 5G subscriptions in the Middle East and north Africa by 2023

     15th December 2017 According to the latest regional appendix to the latest Ericsson (NASDAQ:ERIC) Mobility Report, the first 5G subscriptions in the Middle East and north Africa region are expected during the period 2020 to 2022, reaching around 17 million subscriptions by 2023. 

Germany favours Eurofighter as it seeks to replace Tornado

By: Reuters     12th December 2017 The German Defence Ministry said on Monday that the European fighter jet was the leading candidate to replace its Tornado jets, which it wants to start phasing out in 2025. The ministry’s position appears to contradict that of the German air force, whose chief indicated last month that he... 

Metair and partners to produce lithium-ion batteries

By: Irma Venter     8th December 2017 Energy storage and automotive component specialist Metair has launched a programme to produce lithium-ion (li-ion) batteries across its operations in South Africa, Turkey and Romania. The programme will see Metair partner with universities and industry agencies for the production and... 

Bursa integrated health campus, Turkey

By: Sheila Barradas     8th December 2017 BRS Sağlık Yatırım plans to build a 459 588 m2 health campus, in the Nilüfer region of Turkey. 

Tel Aviv Tramway Red Line signalling project, Israel

By: Sheila Barradas     1st December 2017 NTA Metropolitan Mass Transit System has signed a contract with Alstom for the signalling project. 

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