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Peabody starts reventilating North Goonyella with aim of resuming production next year

By: Creamer Media Reporter      24th May 2019 Coal miner Peabody has taken the first step to resuming operations at the fire-hit North Goonyella mine in Queensland, Australia, with an announcement on Friday that it is proceeding with the ventilation of the first segment of the coal mine. This forms part of a phased reventilation and... 

Muted Chinese stainless steel production, trade dispute results in nickel price dip

By: Marleny Arnoldi     24th May 2019 Fitch Solutions Macro Research has revised its nickel price forecast for this year down to $13 250/t, compared with its previous forecast of $14 500/t, as prices have headed lower in recent weeks. The nickel price has dropped by 9% to $12 010/t in mid-May, compared with $13 100 in mid-April.  

Davies sees rising unilateralism as trade war escalates 

By: African News Agency      24th May 2019 South Africa, like the rest of the global economy, will continue to be collateral damage in the escalating trade war between China and the US, Trade and Industry Minister Dr Rob Davies has said, predicting a worrying rise in unilateral actions by individual states. Davies cast doubt on the World... 

Dear Mr President

By: Terry Mackenzie-hoy     24th May 2019 Happily, if I google 'Ramaphosa', I get 12.7-billion hits. If I google 'Mackenzie-Hoy, it is 8.1-million, and if I google 'Alan Mulally, I get 462 000 hits. So, I am more famous than Mulally and about 8% as famous as our President. I doubt if the President or anybody in his party has the vaguest... 

Huawei’s market share surges despite smartphone shipment slump

By: Natasha Odendaal     24th May 2019 Despite a “deeper” decline – for the sixth consecutive quarter – of smartphone shipment volumes during the first quarter of 2019, Chinese brand Huawei has accelerated its sales, surpassing Apple as the number two in terms of market share worldwide. Market intelligence and advisory services firm... 

Company aligns with event to promote industry automation

24th May 2019 Nonprofit organisation Manufacturing Enterprise Solutions Association (MESA) Africa has aligned with Africa Automation Fair for the first time this year, to help drive the next level of industry automation in South Africa. MESA Africa is part of MESA International, a global nonprofit community of... 

Kenya’s election open season

By: Tara O’Connor     24th May 2019 As dust settles on South Africa’s elections and business looks to President Cyril Ramaphosa to restore the economy, Kenyan business worries as the political elite starts kicking up dust well in advance of the 2022 Presidential polls. At stake is Kenya’s booming economy, the powerhouse of the East... 

Vodacom to buy IoT.nxt to accelerate IoT strategy

By: Natasha Odendaal     24th May 2019 JSE-listed Vodacom is planning to acquire a majority stake in end-to-end Internet of Things (IoT) solutions provider IoT.nxt for an undisclosed amount to provide traction for its own IoT strategy and transform its dedicated IoT business unit. The acquisition will enable Vodacom to operate across... 

Sasol’s Lake Charles project to cost up to $12.9bn 

23rd May 2019 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the latest increase in the cost estimate for Sasol’s Lake Charles Chemicals project, in the US, and why the project is important to Sasol. 

Gold miners must focus on returns, mergers to attract investment - Barrick CEO

By: Reuters     22nd May 2019 Gold miners must focus on maximising returns and more mergers to attract investors seeking to diversify after years of under-investing in mines, Barrick Gold's chief executive said on Wednesday. "The industry is in decline and we have put ourselves in a very a tight spot because we haven't... 

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