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New Asia market manager appointed for South African wines body

By: Schalk Burger     17th August 2018 Winemaker industry body Wines of South Africa (WoSA) has appointed Marcus Ford as its new Asia market manager, effective August 20. He will be based in Shanghai, China, and responsible for running all marketing activities throughout mainland China, Hong Kong and Japan, the organisation said on... 

Sweden's Granges halts plans for US aluminium joint venture

By: Reuters     17th August 2018 Sweden's Granges put on ice on Friday plans to form an aluminium manufacturing joint venture in the United States with Japan's Mitsubishi Aluminum Co, saying that the project was less attractive in "current circumstances". It did not specify what circumstances it was referring to though a Granges... 

Threat of contagion in emerging markets deepens commodity risk

By: Bloomberg     13th August 2018 When Thailand devalued its currency two decades ago, few in global commodity markets took note. Within a year, the crisis morphed into an emerging-market rout that eviscerated the price of everything from crude oil to copper. Fast forward to today and Turkey is presenting a similar challenge. The... 

Copper shorts exposed to supply shock as giant mine faces strike

By: Bloomberg     12th August 2018 Copper bears could get caught wrong-footed as a strike looms at the world’s biggest mine. In the US, hedge funds’ bearish bets outnumber bullish wagers by the most since 2016, latest government data show. The top brokers on the Shanghai Futures Exchange boosted their net-short position by more... 

More northeast China cities cancel alumina projects amid public backlash

By: Reuters     6th August 2018 Four more cities in northeast China's Liaoning province have abandoned their pursuit of alumina projects amid public environmental concerns, after Chaoyang last week scrapped plans to build the world's biggest alumina refinery. The new cancellations - announced in recent days by the cities of... 

Gold pinned near one-year lows on dollar strength

By: Reuters     1st August 2018 Gold was stable near one-year lows on Wednesday on a stronger dollar, as the market waited for signals on the direction of US monetary policy from a Federal Reserve meeting later in the day. Spot gold edged down 0.1% to $1 223.08 per ounce by 1045 GMT, close to a one-year low of $1 211.08 reached... 

No longer flavour of the month, SA rethinks its bus rapid transit systems

By: Irma Venter     27th July 2018 It seems government’s love affair with bus rapid transit (BRT) systems has cooled. Courted in the Brazilian city of Curutiba – it is difficult to find a local government transport executive who has not been there on a study tour – and sworn to fidelity in the pressure cooker years before the... 

WTO chief sees trade war ending in political talks

By: Reuters     26th July 2018 The nascent global trade war will have to be ended by a political agreement between world leaders, because continuing down the current path will only damage the global economy, the head of the World Trade Organization said on Wednesday. WTO Director General Roberto Azevedo said that world leaders... 

Premium prices being paid for Kumba’s quality iron-ore 

By: Martin Creamer     24th July 2018 China’s flight to quality iron-ore is benefiting South Africa’s Kumba Iron Ore, which is receiving strong price premiums for high-grade ore.  Two thirds of Kumba ore is lump ore compared with the third or less of its main competitors. 

WorleyParsons commences with second wind power project in Kenya

By: Creamer Media Reporter      23rd July 2018 WorleyParsons has recently signed a 22-month owner’s engineer contract for the Kipeto Wind Power Project in Kenya, the second largest in the country after the Lake Turkana Wind Power Project. The Kipeto Wind Power Project will comprise 60 wind turbines generating a combined capacity of 100 MW of... 

China overloading poor nations with debt, top US official says

By: Reuters     17th July 2018 China is saddling poor nations with unsustainable debt through large-scale infrastructure projects that are not economically viable, the head of the US Overseas Private Investment Corporation (OPIC) said on Monday. The criticism of Beijing - targeted by President Donald Trump in a trade war that... 

Copper heads for fifth weekly loss, aluminium awaits Trump-Putin summit

By: Reuters     13th July 2018 Copper headed for a fifth weekly loss on Friday as trade tensions between the United States and China rumbled on, while aluminium hit a three-month low ahead of a summit between US President Donald Trump and Russian President Vladimir Putin. Trump and Putin are due to meet in Helsinki on Monday... 

Copper slides to 1-year low, zinc sinks in broad selloff

By: Reuters     11th July 2018 Copper prices slumped to their weakest level in a year and zinc fell to 13-month lows amid a broad selloff on Wednesday after the Trump administration said it would slap 10 percent tariffs on an extra $200-billion worth of Chinese imports. US President Donald Trump’s latest tariff threat... 

Buzzkill for US coal may come from weak yuan, not tariffs

By: Bloomberg     11th July 2018 Washington’s trade war with Beijing doesn’t pose much of a direct threat to US coal miners, since just a tiny percent of their sales go to China. But Appalachia may feel some heat from the sinking value of the Chinese yuan. A weaker Chinese currency makes it more expensive for the Asian giant to... 

CITIC Metal gets internal green light to buy 19.5% stake in Ivanhoe

By: Marleny Arnoldi     9th July 2018 China State-owned investment company CITIC’s subsidiary CITIC Metal has completed its confirmatory due diligence and has received the necessary internal approvals to complete the long-term, strategic cooperation and investment agreement with TSX-listed Ivanhoe Mines.  

Tesla raises car prices in China -Electrek

By: Reuters     9th July 2018 Tesla Inc has raised prices on its Model X and S cars by over $20 000 in China, automotive news website Electrek reported on Monday, making it one of the first US carmakers to hike prices in the wake of rising trade tensions. China slapped retaliatory tariffs on US car imports in response to... 

Goldman says buy commodities as clock ticks toward trade war

By: Bloomberg     5th July 2018 Commodity bull Goldman Sachs Group Inc. has poured cold water on the notion that a trade war between the US and China represents a serious threat to raw materials, saying most of them aren’t likely to be significantly impacted, and after recent declines now’s the time to buy. The Wall Street... 

China says former Rio Tinto executive Stern Hu released from prison

By: Reuters     4th July 2018 China's Foreign Ministry said on Wednesday that Stern Hu, an Australian citizen and former Rio Tinto executive jailed in China on bribery charges eight years ago, has been released. Ministry spokesman Lu Kang made the announcement at a daily news briefing in Beijing. 

Entrepreneurial spirit, collaboration, education needed to advance Fourth Industrial Revolution – WEF chairperson  

By: Nadine James     28th June 2018 South Africa must create ecosystems that foster entrepreneurial activity and multistakeholder collaboration, while furthering innovation and education in the science, technology, engineering and mathematics (Stem) fields, if it is going to benefit from opportunities that result from the Fourth... 

China continues to encourage foreign mining investment

By: Rebecca Campbell     22nd June 2018 In early April the People’s Republic of China established a new Ministry, that of Natural Resources (MNR). The creation of the new Ministry was part of a programme to restructure the country’s State Council (Cabinet). The MNR took over all the responsibilities of the previous (and now... 

Africa needs to attract foreign investment to achieve development, advises China

By: Rebecca Campbell     22nd June 2018 "Foreign investment can be a very practical, convenient and viable way for industrialisation," stressed Ambassador Zhou Yuxiao, Beijing's emissary to the Forum on China-Africa Cooperation (FOCAC), at the recent Africa Institute of South Africa-Human Sciences Research Council/Embassy of the... 

Siemens boss outlines how China’s BRI will benefit 70% of global population

By: Zandile Mavuso     22nd June 2018 Earlier this month, multidisciplinary cooperation Siemens held its first Belt & Road International Summit in Beijing, China, themed Create, Connect and Collaborate, during which it advocated for a digital ecosystem to foster future-oriented infrastructure development globally in what it referred... 

China stresses importance to Africa of attracting foreign investment

By: Rebecca Campbell     8th June 2018 "Foreign investment can be a very practical, convenient and viable way for industrialisation," stressed Ambassador Zhou Yuxiao, Beijing's emissary to the Forum on China-Africa Cooperation (FOCAC), at the Africa Institute of South Africa-Human Sciences Research Council/Embassy of the People's... 

Siemens CEO urges more countries to participate in China’s Belt and Road Initiative

By: Zandile Mavuso     7th June 2018 China’s Belt and Road Initiative (BRI) represents a “new world trade order”, says Siemens global president and CEO Joe Kaeser. In a keynote address at the first Belt and Road International Summit, in Beijing, China, this week, he urged more countries to get actively involved in the BRI. 

Chinalco starts $1.3bn expansion of Peru copper mine

By: Reuters     4th June 2018 Aluminum Corp of China, known as Chinalco, at the weekend said it had started work on a $1.3-billion expansion of its Toromocho copper mine in central Peru. The investment will increase the mine's copper output by 45% by 2020, with the value of production exceeding $2-billion annually, Chinalco... 

EU starts new investigation into steel imports from China

By: Reuters     24th May 2018 The European Commission has opened an investigation into hot-rolled steel sheet piles imported from China to determine whether they are being dumped in Europe, according to a notice in the EU Official Journal on Thursday. The investigation into a form of steel used in construction was launched... 

Tariff war could derail global recovery – ECB

By: Reuters     7th May 2018 Protective tariffs imposed by the US in recent months have only had a minor impact on the world economy but a significant escalation in tensions could derail the recovery in global trade, the European Central Bank (ECB) said on Monday. Retaliation and a full fledged trade war could increase... 

Qatar steps in to buy Rosneft stake after China deal collapses

By: Bloomberg     7th May 2018 Qatar emerged as a major shareholder in Rosneft on Friday after a $9-billion deal to sell a stake in Russia’s State-run oil producer to China’s troubled CEFC Energy collapsed. Qatar Investment Authority stepped in after the sellers – a consortium of QIA itself and mining giant Glencore – told... 

Personalised Experiences, Neighbourhood ‘Live Sites’ And Temporary Venues Help Create More Inclusive, Cost-Effective Olympic Games Predicts Arup

3rd May 2018 Design, engineering and consulting firm Arup, has been involved in some of the best-known sporting destinations from the Singapore Sports Hub, through to the Bird’s Nest Stadium and Water Cube in Beijing and many of the venues and long-terms plans for London 2012 and the Queen Elizabeth Olympic... 

Up to 500 000 t of alumina being exported from China as Rusal crisis bites

By: Reuters     30th April 2018 Multiple shipments of alumina are being exported from China, with major suppliers agreeing deals of up to 500 000 t, in a rare move prompted by supply problems after U.S. sanctions on Russian producer Rusal. China is the biggest global producer and consumer of alumina, a compound extracted from... 

Syrian storm puts SA in uncomfortable company

By: Rebecca Campbell     27th April 2018 On April 7, Douma, in Syria, was subject to what appears to have been a chemical weapons attack. The Syrian Government has an independently-established (by the Organisation for the Prohibition of Chemical Weapons, or OPCW) record of using chemical weapons in the current civil war, and against... 

Trump: 'Very good chance' of a US-China trade deal

By: Reuters     25th April 2018 US President Donald Trump on Tuesday said the US would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days. China has said it would welcome a visit by US Treasury Secretary Steven Mnuchin, who is seeking to resolve a tense... 

Mining firms from China to Canada watch as Greenland holds election

By: Reuters     21st April 2018 With melting ice expanding access to the Arctic, investors from China to Canada are watching Greenland's election next week for signs of the political will to get a flagging mining programme on the island back on track. Greenland is hoping rising commodity prices can help attract foreign... 

Africa's last absolute monarch renames Swaziland as eSwatini

By: Reuters     20th April 2018 Swaziland's King Mswati III, Africa's last absolute monarch, said on Thursday he was officially renaming the country as the Kingdom of eSwatini. He announced the change to eSwatini, meaning "land of the Swazis", in the local Swati language at Golden Jubilee celebrations of the fifteeth... 

Agreement for two hydrogen fuelling units struck

13th April 2018 Global industrial gases company Air Products has signed an agreement with State-owned Chinese power generation company Shenhua New Energy, a subsidiary of China’s energy conglomerate China Energy Investment Group, to provide two hydrogen containerised dispenser units to China Energy’s first... 

Global trade growth strong but at risk if conflict escalates, WTO says

By: Reuters     12th April 2018 World trade in goods is maintaining a robust recovery, but it still might falter if trade tensions escalate further, the World Trade Organization said in its annual forecast on Thursday. Trade in goods will grow 4.4% this year after a decade averaging 3.0% a year following the financial crisis.... 

World's top iron shipper says China import boom to level off

By: Bloomberg     9th April 2018 The world’s largest iron-ore exporter delivered a mixed message on the outlook, raising near-term price forecasts, but combining that revision with a more somber message that China’s gargantuan imports are set to level off as steel production eases in the coming years. Iron-ore will average... 

XI–LI CONSOLIDATION

30th March 2018 China premier Li Keqiang, left, shakes hands with Xi Jinping, China’s president, following parliament’s approving of Li's appointment to a second five-year term during the first session of the thirteenth National People's Congress at the Great Hall of the People in Beijing, China, on March 18. Li... 

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