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India, Japan to push for One Belt, One Road counter at AfDB conference 

By: Ajoy K Das     19th May 2017 India will unleash its highest level of economic diplomacy at next week’s African Development Bank (AfDB) conference in the western city of Ahmedabad, with the aim of setting quantifiable targets of international economic and trade cooperation between the continents in a bid to counter China’s... 

BAW, IDC invest R250m to expand Gauteng minibus taxi plant

By: Irma Venter     19th May 2017 Beijing Automotive Works (BAW) and the Industrial Development Corporation (IDC) will invest R250-million to expand and upgrade its minibus taxi plant, in Springs, Gauteng. The facility currently assembles the Sasuka 16-seater taxi from semi knocked-down kits, for the South and Southern African... 

Hong Kong-listed IRC says could reopen Russia iron-ore mine

By: Reuters     17th May 2017 Commodity company IRC on Wednesday said it was considering restarting its 1.1-million tonnes per year iron-ore mine in the far east of Russia, the latest sign of revival in a sector shaking a years-long downturn. "Following the positive price movements in 2017 and the recent stabilisation in the... 

G20 must tackle distortions on global steel markets – German minister

By: Reuters     16th May 2017 The world's 20 biggest economies must jointly tackle the causes of imbalances on global steel markets, German Economy Minister Brigitte Zypries told Reuters on Tuesday, adding she had addressed the issue also in talks with Chinese counterparts. "We must work together on the causes of market... 

Chinalco proposes taking entire Guinea Simandou iron-ore mine

By: Reuters     15th May 2017 Chinalco has asked Guinea to let it take over the whole of the troubled Simandou iron-ore mine project, sources familiar with the matter say, as Beijing pursues a global strategy to secure key resources for its vast economy for decades to come. Mired in legal disputes, located in Guinea's remote... 

China, Africa trade, investment 'off to a flying start' in 2017

By: Reuters     11th May 2017 China's trade with African countries in the first quarter climbed by nearly a fifth from a year earlier, while its direct investment in the continent soared 64%, the Chinese commerce ministry said on Thursday. Trade cooperation between China and Africa is "off to a flying start" in 2017, thanks... 

BAW invests R250m to upgrade Springs taxi plant 

By: Irma Venter     8th May 2017 Beijing Automotive Works (BAW) and the Industrial Development Corporation (IDC) will invest R250-million to expand and upgrade its minibus taxi plant, in Springs, Gauteng. The facility currently assembles the Sasuka 16-seater taxi from semi knocked-down kits, for the South and Southern African... 

China's economy shaping up for positive 2018, Rio Tinto says

By: Bloomberg     4th May 2017 Latest indicators on China’s economy point to continued growth through 2018, according to mining giant Rio Tinto Group, which counts the world’s No. 2 economy as its biggest customer. “Are we concerned about the Chinese economic health? The answer is no,” CEO Jean-Sebastien Jacques told... 

China, Taiwan spar over attendance at conflict diamond meeting

By: Reuters     3rd May 2017 China said on Wednesday it was reasonable to have a delegation from self-ruled Taiwan removed from a conference in Australia about conflict diamonds, as Taipei accused Beijing of playing politics for its own ends. China says Taiwan is part of "one China", ruled by Beijing. It regards the island... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

Iron slumps into bear market as Barclays sees further losses

By: Bloomberg     10th April 2017 Iron-ore’s descent into bear-market territory may herald further weakness, with Barclays pinning the blame for the slide on lower steel demand in China driving a shift from mills toward lower-quality ore and raising the prospect of a drop into the $50s. Ore with 62% content in Qingdao fell 1%... 

China said to push talks to create $241bn power giant

By: Bloomberg     30th March 2017 China’s state-owned enterprise regulator has asked coal mining giant Shenhua Group Corp. and power generator China Datang Corp. to discuss a possible merger, according to people with knowledge of the situation. The talks are at an early stage and there’s no guarantee of a deal, said the people,... 

Uncertain politics, policy development permeates commodities price outlook 

By: Henry Lazenby     3rd March 2017 A common factor in the outlook for most commodities included in The Bank of Nova Scotia Commodity Price Index is the outsized near-term importance of highly uncertain politics and policy, the group’s commodity economist Rory Johnston said in a special report of the Commodity Price Index this... 

Choking China backs race to mine greener iron-ore for top mills

By: Bloomberg     9th February 2017 Chinese engineers who carved a railway through the Tibetan plateau and built the world’s longest sea-bridge across Hangzhou Bay have a new challenge: developing a $3.4-billion project on Australia’s remote Eyre Peninsula to meet increased demand for cleaner iron ore. China Railway Group Ltd., the... 

Enormous global demand on way for copper, platinum, zinc – Friedland

By: Martin Creamer     8th February 2017 Enormous global demand is building up for copper, platinum and zinc, driven by new technology, mitigation of health risks in hospitals and agricultural augmentation, Ivanhoe Mines executive chairperson Robert Friedland said on Wednesday. In a comprehensive address to the Investing in African... 

Mining Indaba remains pivotal to Africa

By: Ilan Solomons     3rd February 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Mining Indaba remains pivotal to Africa 

By: Ilan Solomons     27th January 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

China’s metals curb plan seen risking shortages in biggest user

By: Bloomberg     26th January 2017 China’s proposal to halt some metals production to fight air pollution over the winter would create shortages of alumina but have a more limited impact on aluminium supply, according to China’s top industry body, which has been consulted on the plan. The proposal involves an alumina suspension... 

New CEO confirmed for MBSA as former chief heads for Beijing

By: Irma Venter     20th January 2017 German automaker Daimler has announced the appointment of Andreas Engling as the new CEO and manufacturing executive director of Mercedes-Benz South Africa (MBSA).Current CEO, Arno van der Merwe, will start a new chapter in his career as president and CEO of Beijing Benz Automotive (BBAC). Both... 

Rio ends quest for China mine riches with biggest shareholder

By: Bloomberg     18th January 2017 Rio Tinto Group and its largest shareholder Aluminum Corporation of China have terminated their joint venture (JV) established to find copper deposits, as global mining companies tighten exploration budgets. Chinalco Rio Tinto Exploration, a JV between Rio and Aluminum Corpporation, also known... 

Scotiabank Commodity Index set to end 2016 on high note

By: Henry Lazenby     21st December 2016 The Bank of Nova Scotia expects its benchmark Scotiabank Commodity Price Index to finish the year up 25%, with all sub-indices showing positive performance, the third largest Canadian banking group said Tuesday. The oil and gas index rose 55% in the year-to-November after both oil and natural gas... 

ABB supports China in transition to a "New Normal" with world-class innovation and energy efficiency

     7th December 2016 ABB CEO Ulrich Spiesshofer and Claudio Facchin, President, Power Grids division, delivered keynote addresses at ABB’s Power World 2016 event in Beijing, demonstrating ABB’s unique position as the partner of choice for stronger, smarter and greener grids in China as well as increasing... 

Boardroom shuffle sees Merc SA’s Van der Merwe head to China 

By: Irma Venter     6th December 2016 German automaker Daimler has announced the appointment of Andreas Engling as the new CEO and manufacturing executive director of Mercedes-Benz South Africa (MBSA). Current CEO, Arno van der Merwe, will start a new chapter in his career as president and CEO of Beijing Benz Automotive (BBAC). 

Gold surges most since Brexit as Trump win fuels market turmoil

By: Bloomberg     9th November 2016 Gold soared by the most since Britain’s Brexit vote in June as Donald Trump won the US Presidency, prompting a rush to havens and a flight from risky assets. Bullion jumped as much as 4.8% to $1 337.38 an ounce, the biggest intraday increase since June, and traded at $1 317.17 by 7:44 in London,... 

China copper imports drop to 21-month low in Oct as demand wanes

By: Reuters     8th November 2016 China's imports of copper fell 14.7% from a month ago to 290 000 t in October, its lowest since February 2015, General Administration of Customs data showed on Tuesday, as demand from the world's top commodities user continued to slow. Copper imports to China, the world's leading copper and... 

There’s an $8bn iron-ore quandary ahead for top miners

By: Bloomberg     3rd November 2016 The world’s biggest iron-ore miners are warning that prices are set to decline – just as they need to begin spending as much as $8-billion developing new mines to keep their best cash machines ticking over. Over the next five-to-10 years, the miners need new production to replace almost... 

China visit helps Duterte reap funding deals worth $24b 

By: Bloomberg     22nd October 2016 Philippine President Rodrigo Duterte will bring home $24-billion worth of funding and investment pledges from his four-day visit to China as both nations agreed to resume talks and explore areas of cooperation in the South China Sea. China will provide $9-billion in soft loans, including a... 

Reassurance in a stormy world

By: Keith Campbell     30th September 2016 After a review that lasted some two months, British Prime Minister Theresa May gave the go-ahead for the Hinkley Point C nuclear power plant (NPP), which will be built by a partnership between France’s State-owned Électricité de France (EDF) and China General Nuclear Power (CGN), another... 

China auto boom is warning to world miners facing scrap age

By: Bloomberg     29th September 2016 China is on the cusp of a scrap wave that will return metal from ageing cars and expired fridges to the supply chain in a growing threat to mining companies, according to  Chiho-Tiande Group , a top recycler, which is taking over one of the biggest and oldest names in Europe’s scrap business. The... 

RioZim chooses Chinese group to design $2.1bn power plant

By: Bloomberg     26th September 2016 RioZim chose a State-owned Chinese company to design a $2.1-billion power plant it plans to build in Zimbabwe, which faces frequent blackouts, and is lobbying South Africa’s electricity utility to buy from the facility to help attract investors. State Nuclear Electric Power Planning Design and... 

Growing urbanisation the impetus for Daimler Trucks’ electric ambitions

By: Irma Venter     2nd September 2016 It’s quite surprising to see a heavy truck tiptoe rather than brawl its way across the tarmac. The truck in question is the proto- type Mercedes-Benz urban eTruck. The ‘e’ stands for electric, which means there is none of the familiar noisy acceleration, engine vibration, braking or diesel... 

Growing urbanisation the impetus for Daimler Trucks’ electric ambitions

By: Irma Venter     2nd September 2016 It’s quite surprising to see a heavy truck tiptoe, rather than brawl its way across the tarmac. The truck in question is the prototype Mercedes-Benz urban eTruck. The ‘e’ stands for electric, which means there is none of the familiar noisy acceleration, engine vibration, braking, or diesel... 

Amid low prices and weak demand, steel protectionism goes global

By: Bloomberg     26th August 2016 From the US to India, regulators around the world are pushing harder than ever to shield local steel industries from foreign competition. Nations imposed 85 new duties and other taxes on steel imports in the first half, according to the Russian Steel Association, which counted preliminary and... 

Law firm launches practice focused on infrastructure

By: Dylan Slater     26th August 2016 International law firm Pinsent Masons announced at the end of July plans to launch an infrastructure-focused practice in Johannesburg, South Africa, with the appointment of two founding partners to launch the office.  

Iron-ore at risk as China veteran warns steel output to drop

By: Bloomberg     25th August 2016 Steel production in China, the world’s biggest supplier, will probably contract this year and shrink further in 2017 as local demand slows, hurting the outlook for iron-ore, according to Li Xinchuang, a vicechairperson at the China Iron & Steel Association. “There will be significant declines in... 

CIC said to pursue $9-billion Vale iron-ore streaming deal

By: Bloomberg     20th August 2016 China Investment Corp (CIC), the $814-billion sovereign fund, is leading a Chinese investor group in talks for a multibillion-dollar iron-ore streaming deal with Brazil’s Vale, people familiar with the matter said. The consortium is negotiating the potential purchase of a portion of Vale’s... 

Tussling over islands

By: Riaan de Lange     19th August 2016 One of my first memories when I first came to Pretoria many years ago is that of Fook Island. I recall that my cousin’s boyfriend stayed in a commune just off Atterbury road and, just up the road from the commune, at the corner of Mackenzie street and 20th street, was a house with extracts of the... 

IDC, BAIC set to unveil plans for new Eastern Cape auto plant

By: Terence Creamer     16th August 2016 South Africa’s State-owned Industrial Development Corporation (IDC) has indicated that it and the BAIC Automotive Group, of China, will announce details of a new multibillion-rand motor vehicle manufacturing plant in Eastern Cape later this month. The development financier will host its annual... 

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