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Chinese traders freeze Australian coal orders amid 40-day customs delays - sources

By: Reuters     19th February 2019 Chinese coal traders have stopped ordering Australian coal as clearing times through China's customs have doubled to at least 40 days, according to major buyers in China and international coal merchants, resulting in a sharp fall in Australian prices. The traders and a broker said only cargoes... 

The world still doesn’t have enough places to plug in cars

By: Bloomberg     15th February 2019 Even in the biggest electric vehicle markets, a driver venturing too far from home can have a hard time finding a place to recharge. Try your luck on California’s Pacific Coast Highway. The roughly 600-mile route between San Diego and San Francisco has dramatic sea cliffs, off-the-grid retreats,... 

Water-focused incubation scheme for women shows promising results

By: Natasha Odendaal     15th February 2019 An incubation programme aimed at supporting, developing and upskilling female entrepreneurs in the water sector has gained traction since its launch in June 2017, multidisciplinary engineering consulting firm GIBB says. The GIBB incubation programme was borne out of a memorandum of understanding... 

As renewables soar, BP sees China hitting brakes on energy growth

By: Reuters     14th February 2019 Global demand for renewable power will soar at an unprecedented pace over the coming decades, BP said in a benchmark report on Thursday, while China’s energy growth is seen sharply decelerating as its economic expansion slows. Still, China is set to remain the largest energy consumer by a long... 

Bolivia picks Chinese partner for $2.3bn lithium projects

By: Reuters     7th February 2019 Bolivia has chosen a Chinese consortium to be its strategic partner on new $2.3-billion lithium projects, the government said on Wednesday, giving China a potential foothold in the country's huge untapped reserves of the prized electric battery metal. China's Xinjiang TBEA Group will hold a 49%... 

Vale plunges as deadly dam disaster leads to dividend suspension

By: Bloomberg     28th January 2019 Vale’s dam breach left at least 60 people dead and 292 missing in Brazil, leading the world’s biggest producer of iron ore to suspend dividends as it braces for the financial fallout of the catastrophe. The shares plunged as much as 20%. The collapse of a tailings dam at the Feijao mine in the... 

Wan Jia Zhai project, China

By: Sheila Barradas     18th January 2019 The Wan Jia Zhai project will expand the existing water supply network for Beijing. 

Gold treads lower on improved risk appetite; palladium at record high 

By: Reuters     9th January 2019 Gold prices edged lower on Wednesday as a likely end to a long-drawn Sino-US trade war boosted risk sentiment, outweighing expectations of a pause in interest rate increases by the Federal Reserve. Meanwhile, palladium hit a record high at $1 340.50 an ounce during the session. 

Chile's antitrust court rejects appeals against Tianqi deal

By: Reuters     31st October 2018 Chile's antitrust court on Tuesday rejected appeals filed against its authorization of Tianqi Lithium's $4.1-billion purchase of a stake in lithium producer SQM, Tianqi said on Tuesday. The decision marks the latest legal victory for Tianqi, a Chinese miner seeking to acquire 2%of Chile's SQM,... 

Draft Companies Amendment Bill

By: Creamer Media Reporter      29th October 2018 The Department of Trade and Industry (“DTI”) has published the Companies Amendment Draft Bill (the “Bill”) for public comment. Interested parties may submit comments to the DTI by 20 November 2018. The Bill seeks to make amendments to Companies Act No. 71 of 2008 (the “Companies Act”). The reason... 

Debt-trap diplomacy?

By: Martin Zhuwakinyu     26th October 2018 I have made no bones about my cynicism about Chinese generosity towards African countries, which has taken the form of top-dollar freebies, government and State-owned company loans and investment in infrastructure. As I have said before, my uneasiness heightened when it came to light that Sri... 

Clash over Trump tariffs heats up with barrage of WTO litigation

By: Reuters     19th October 2018 Disputes over US tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions. The agenda for an Oct. 29 meeting of the WTO's dispute settlement body on Friday confirmed the legal moves,... 

South African ICT students head off to China under learning programme

By: Natasha Odendaal     19th October 2018 Another ten information and communication technology (ICT) university students from various institutions have headed to Huawei, in China, on a study trip aimed at building up an ICT talent ecosystem. The yearly study opportunity in China, under the Seeds for the Future programme – a joint Huawei... 

Global steel body hikes demand forecasts, but says risks remain

By: Reuters     16th October 2018 The World Steel Association on Tuesday doubled its 2018 and 2019 forecasts for growth in global demand for the material used in everything from cars to construction, but said that trade tensions were clouding the outlook for the sector. The caution over trade from a body that represents 85% of... 

Chilean court freezes sale of stake in lithium giant SQM to Tianqi

By: Reuters     12th October 2018 SANTIAGO – A Chilean court on Thursday suspended the sale of a coveted stake in lithium producer SQM to China's Tianqi Lithium, saying it will consider a lawsuit filed by the Chilean company's controlling shareholders, who oppose the deal. The lawsuit, filed on Wednesday, alleges a previous... 

China swoops in on Canadian oil that's $50 below US crude

By: Bloomberg     11th October 2018 Chinese oil buyers are making a beeline for a bargain across the Pacific. With Canadian oil over 60% cheaper than US benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy, sludgy crude. That’s because – apart from being a source of fuel – it’s... 

SQM controlling shareholder moves to block stake sale to China's Tianqi

By: Reuters     11th October 2018 The controlling shareholder in Chilean lithium producer SQM on Wednesday filed suit with Chile's Constitutional Court to block a deal allowing the sale of nearly one-fourth of the miner to China's Tianqi Lithium. The lawsuit alleges that Chile's antitrust court last week failed to follow due... 

China aluminium exports to surge on trade war - CRU

By: Reuters     9th October 2018 Chinese aluminium exports are expected to surge in coming months and next year after Beijing boosted tax rebates as part of a package to soften the impact of a trade war with the United States, according to industry consultancy CRU. High Chinese exports of metals such as aluminium and steel in... 

Chile eyes new copper markets to shield economy from trade war

By: Reuters     9th October 2018 Chile aims to find new copper markets and expand its lithium industry as it seeks to shield its economy from a US.China trade war, the mining minister of the world's biggest copper producer said on Monday. Baldo Prokurica also told Reuters the South American nation was considering further... 

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

Chinese delegation to study South Africa’s mineral codes

By: Martin Creamer     2nd October 2018 South Africa’s meticulous set of mineral reporting codes has succeeded in attracting a high-ranking Chinese delegation from the Mineral Resources and Reserves Evaluation Centre of the Ministry of Land and Natural Resources (MRREC) in Beijing. South Africa’s Samcodes Standards Committee (SSC) will... 

China's at 'peak steel' right now, top iron-ore shipper says

By: Bloomberg     2nd October 2018 The world’s largest steel market is about to go into reverse. Production in China will peak in 2018 and then shrink next year as local demand drops, according to forecasts from the Australian government, which says the shift will add to headwinds for core ingredient iron ore. Mainland steel... 

China battery firms set up $700m nickel JV in Indonesia

By: Reuters     28th September 2018 Chinese battery firm GEM on Friday said it was teaming up with four companies to invest a total of $700-million in a project to produce battery-grade nickel chemicals in Indonesia. The investment comes as several global metals producers have also set their sights on Indonesia's nickel reserves,... 

Chinese petcoke buyers turning to Russia, Mideast after US tariffs

By: Reuters     21st September 2018 Chinese importers of petroleum coke are buying more volumes from Russia and the Middle East due to a hefty tariff on shipments from the United States, previously one of China's main sources of the material used in aluminium and cement production. China slapped a 25% tariff on US petroleum coke,... 

Armadale appoints marketing consultant

By: Creamer Media Reporter      21st September 2018 Aim-listed Armadale Capital has appointed  an experienced Beijing-based marketing consultant, Jenny Lee, to pursue offtake agreements ahead of an anticipated decision to mine at its Mahenge Liandu graphite project, in Tanzania, in early 2019. Lee, who s MD of Jialin International Trading, will be... 

Goldman backs commodities as trade war fury now met with shrugs

By: Bloomberg     21st September 2018 Commodity bull Goldman Sachs Group says raw materials are poised to gain into the end of the year as investors have now become used to trade-war tensions, growth in top economies remains strong, and consumers who’d put off purchases in recent months start buying again. Copper jumped. “This week... 

Lingering misgivings

21st September 2018 I start with a mea culpa this week. In the September 7 edition, I waxed lyrical about the exploits of Sophia, the humanoid robot, at the SAPNow conference, which had been held in Johannesburg the previous week to showcase some of the latest developments in artificial intelligence, the Internet of... 

China's iron-ore demand to remain flat as scrap steel use rises

By: Reuters     20th September 2018 China's iron-ore demand is expected to stay flat, said an official from Baoshan Iron & Steel Co, the country's biggest listed steelmaker, as Beijing's stricter environmental rules boost the use of scrap steel. China's growing stockpiles of scrap steel should also increase its use in steelmaking... 

With copper options, China steps up challenge to London, New York rivals

By: Reuters     20th September 2018 The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market in one of its biggest challenges yet to London and New York rivals. The product, which follows the launch of sugar and soymeal options last year, comes as... 

US gives rare earths reprieve in revised $200bn China tariff list

By: Reuters     18th September 2018 The United States did not include rare earth elements, metals used in magnets, radars and consumer electronics, from its final list of tariffs on $200-billion of Chinese goods, underscoring its reliance on China for the strategic minerals. China is the world's largest producer of rare earths and... 

Chile's lithium miner SQM asks court to reject Tianqi agreement

By: Reuters     14th September 2018 Chilean lithium miner SQM objected to the terms of a deal drawn up between the country's anti-trust regulator and the Chinese miner Tianqi which hopes to buy almost a quarter of SQM, its lawyers told the country's anti-trust court on Thursday. An attorney representing SQM told Chile’s anti-trust... 

Nickel price to benefit from short supply, strong steel demand through 2019

By: Reuters     12th September 2018 Slower production increases in leading supplier Indonesia and continued growth in stainless steel demand are forecast to extend a supply shortage in the global nickel market, supporting price gains through 2019. Nickel, which recently hit its lowest since December, could climb as high as $16 000... 

Gold slips amid US-China trade war concerns

By: Reuters     12th September 2018 Gold fell on Wednesday, but remained stuck in a narrow trading range as investors worry about a simmering trade war between the United States and China. Spot gold was down 0.3% to $1 193.61 an ounce at 1200 GMT, after hitting its lowest since Aug. 24 at $1 187.21 on Tuesday. US gold futures eased... 

Ghana on hook for $2bn China deal if bauxite plan stalls

By: Bloomberg     10th September 2018 Ghana will have to use alternative sources to pay back China’s Sinohydro Corp. for $2-billion in infrastructure if the revenue from an earmarked bauxite project is insufficient to meet installments. Sinohydro agreed to a deal with the West African nation in May to build bridges, roads, hospitals... 

Ramaphosa calls for consolidation between SA companies and continent 

By: African News Agency      6th September 2018 President Cyril Ramaphosa has called on South African companies to work in partnership, consolidate South African interests on the African continent and to collaborate with China on projects in line with the country's development and integration objectives. Ramaphosa made the call on Thursday... 

China says African countries don't think cooperation adds to debt

By: Reuters     6th September 2018 African leaders attending this week's summit with China don't think that cooperation between the continent and Beijing has added to their debt burden, the Chinese government's top diplomat said on Thursday. Chinese President Xi Jinping pledged $60-billion to African nations at Monday's opening of... 

Ramaphosa says South Africa to recover from recession soon

By: Reuters     6th September 2018 South Africa will soon recover from recession, President Cyril Ramaphosa said on Thursday in his first reaction to news that undermines his effort to revive the economy and attract investment after a decade of stagnation. Ramaphosa staked his reputation on economic revival when he took over in... 

ANC calls for immediate stimulus package as economy dips into recession  

By: News24Wire      5th September 2018 The African National Congress (ANC) has called for ‘aggressiveness’ in implementing an economic recovery package after Stats SA announced on Tuesday that South Africa had slipped into its first technical recession since 2009.  In a statement on Wednesday, the party’s subcommittee on economic... 

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