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Brazil's Vale reports record iron-ore output in Q3

By: Reuters     19th October 2017 Brazil's Vale SA, the world's largest iron ore producer, said on Thursday its production in the third quarter hit a fresh quarterly record, boosted by a ramp-up at its S11D mine. Iron ore output rose 3.3 percent compared with the same period last year to 95.1 million tonnes, the company said,... 

Horizonte Minerals files mine construction licence for Araguaia project

By: Anine Kilian     19th October 2017 Aim- and TSX-listed Horizonte Minerals has completed and filed a mine construction licence application for its Brazil-based Araguaia nickel project, marking a major milestone for the project as it moves towards a decision on construction, said CEO Jeremy Martin in a statement released Thursday.... 

Brazil miner Vale seals share conversion, elects new board members

By: Reuters     19th October 2017 The remaining preferred shareholders of Brazil's Vale SA on Wednesday voted to accept a plan obliging them to convert their shares into a single stock class, finalizing a process that is part of the miner's bid to improve corporate governance. The move was approved by the remaining preferential... 

Aguia improves Tres Estradas economics

By: Esmarie Swanepoel     18th October 2017 Test work at fertiliser developer Aguia Resources’ Tres Estradas phosphate project, in Brazil, has indicated significant capital and operating expenditure savings through process improvements and production efficiencies. Aguia on Wednesday said that the test work, done as part of the bankable... 

Zinc price spike sparks flurry of miner listings

By: Reuters     13th October 2017 A doubling in zinc prices since late 2015 and strong outlook for the commodity has fueled a flurry of zinc miner listings on the Toronto Stock Exchange as companies cash in on investor demand for producers of the metal. Brazil-based Nexa Resources, a top five global zinc producer, is seeking to... 

Iron-ore rallies as China imports bust 100Mt level

By: Bloomberg     13th October 2017 Iron-ore imports by China surged above 100-million metric tons to a record, smashing the previous high set in 2015, as the country’s concerted push to clean up the environment stoked demand for higher-grade material from overseas while hurting local mine supply. Prices rallied. 

GM, suppliers to invest $500m in Argentina to produce new model

By: Reuters     13th October 2017 General Motors Co and its suppliers will invest a total of $500-million in Argentina operations through 2019 to prepare to produce a new Chevrolet model in 2020, the company said in a statement on Thursday. The company will invest $300-million while its supplier network will invest $200-million... 

China gobbles Amazon rainforest ore to clean polluted skies

By: Bloomberg     12th October 2017 A bid by China to clean up pollution in its biggest cities and industrial towns is fueling a push to mine resource riches on the other side of the globe in the Amazon rainforest -- one of the most environmentally sensitive areas on Earth. Smog-laden skies across the world’s most-populated country... 

Embraer to open Johannesburg aviation training centre

By: Schalk Burger     11th October 2017 Aviation systems engineering and manufacturing firm Embraer will open an aviation training centre at the OR Tambo International airport, in Johannesburg, in the first half of next year. The facility will be the first of its kind in Africa to provide this range of training for qualified pilots,... 

Meridian reports record Q3 output, sales; new offtake accord

By: Henry Lazenby     11th October 2017 Manganese miner Meridian Mining has reported new record production and sales at its flagship Espigão project, in Rondônia, Brazil. London, UK-based Meridian achieved production of 18 488 t in the third quarter ended September 30, compared with 13 445 t in the comparable period a year earlier – a... 

Nexa, formerly Votorantim Metais, plans IPO for up to $651m

By: Reuters     11th October 2017 Mining company Nexa Resources, formerly Votorantim Metais Holding, and its controlling shareholder expect to raise between $576-million and $651-million in its initial public offering in New York and Toronto. In a filing with the US Securities and Exchange Commission, Nexa said parent... 

Pedal to the metal, this Dutch stock may just be revving up

By: Bloomberg     10th October 2017 A near 160% share surge makes AMG Advanced Metallurgical Group the standout performer on the Amsterdam Small Cap Index this year. The rally may just be getting started. The Dutch metals supplier, whose 3% gain last week to €37.57 marked the highest weekly close since 2008, is pulling out all the... 

Brazil revives African ties, eyes expanding market

By: Reuters     10th October 2017 Agricultural powerhouse Brazil aims to revive ties with Africa after a lull and sees a vast export market for food and manufactured goods in a continent whose population is surging, its foreign minister said. Brazil's presence in Africa surged during the government of former President Luiz Inacio... 

Ecuador to offer oil blocks under new bidding terms in Jan

By: Reuters     7th October 2017 Ecuador will offer oil exploration and production blocks in January under new contract terms that it expects will attract more interest and allow the OPEC-member country to compete with its neighbours for foreign investment, the oil minister said. The new terms will allow producers to be paid in... 

EU sets dumping duties on steel from four countries

By: Reuters     6th October 2017 The European Union (EU) has decided to set duties on hot-rolled steel from Brazil, Iran, Russia and Ukraine after a complaint by EU manufacturers that the product used for construction and machinery was being sold at excessively low prices. The EU will levy antidumping tariffs of between €17.60/t... 

PRASA New Rolling Stock Acquisition Programme, South Africa

By: Sheila Barradas     6th October 2017 Alstom Brazil has started the process during which technology is being transferred to South Africans for the manufacture of X’Ttrapolis Mega trains. 

Automotive industry to phase out environmentally-unsafe refrigerants

     5th October 2017 In line with the latest legislation in Europe, which came into effect at the beginning of the year, the automotive industry is required to phase out current environment-damaging refrigerants being used, and replace these with green alternatives. Automotive air-conditioning systems currently run... 

Serendipity smiles on Largo’s Maracás Menchen record output as vanadium price rockets 249% y/y

By: Henry Lazenby     4th October 2017 Pure-play vanadium producer Largo Resources has recorded record output of vanadium pentoxide (V2O5) produced at its flagship Maracás Menchen mine, in Bahia, Brazil, during the third quarter ended September 30. The TSX-listed company said on Tuesday the operation had produced 2 513 t of V2O5 in... 

SAPVIA member appointed Global Solar Council director

By: Schalk Burger     29th September 2017 South African Photovoltaic Industry Association (SAPVIA) programme manager Niveshen Govender has been elected to serve as director on the Global Solar Council (GSC) board. The GSC was established during the twenty-first Conference of Parties climate dialogue, held in Paris, France, in 2015. It... 

Airports Company achieves its best-ever profits

By: Keith Campbell     29th September 2017 Airports Company South Africa (Acsa) achieved a profit of R2-billion for the 2016/2017 financial year (FY), it announced recently, up from R1.9-billion for the FY 2015/2016. “This is probably the best set of results we’ve presented in the history of the company,” affirmed CEO Bongani Maseko at... 

South Africa sees slight improvement in economic freedom

By: Anine Kilian     28th September 2017 South Africa jumped ten spots on the Free Market Foundation’s (FMF’s) economic freedom index, ranking this year at 95 out of 159 countries from its 2016 ranking of 105, when its overall rating out of ten – where zero is unfree and ten is free – was 6.64. “This year, at 95, our rating is 6.63... 

Australia's Roy Hill says can expand iron ore capacity beyond target

By: Reuters     27th September 2017 Australian iron-ore miner Roy Hill Holdings Pty Ltd has the ability to expand its production capacity beyond the 55-million tonnes it has targeted, its chief executive said on Wednesday. Roy Hill, controlled by Australian billionaire Gina Rinehart, is closing in on that 55 million tonnes a year... 

Here's one commodity rally that may end up being short-lived

By: Bloomberg     27th September 2017 Is it finally time to get excited about nitrogen fertiliser? Since the end of June, prices for the world’s most commonly used crop nutrient have soared 60 percent in the US – rebounding from the lowest levels in more than a decade. There have been similar moves in Brazil, India and the Middle... 

Chile left-wing candidates could form alliance, threatening market rally

By: Reuters     27th September 2017 Chile's stock market has priced in a victory of conservative presidential candidate Sebastian Pinera, even though progressive candidates could form an alliance in a December runoff, traders and analysts said. The IPSA stock market index has surged 27% this year and is on track for its best year... 

Investors wary as Tanzania moves to assert more control over mines

By: Reuters     26th September 2017 New laws and a crackdown on mining firms in Tanzania has slowed fresh investment in what has long been seen as one of Africa's brightest mining prospects as companies assess the consequences of government efforts to claim a bigger slice of the pie. Takeover bids and exploration plans have been... 

Brazil to reinstate protection for Amazon reserve

By: Reuters     26th September 2017 Brazil will reinstate a mining ban in a vast area of the Amazon rainforest, the government announced on Monday, in an about-face that is a victory for environmentalists who feared deforestation. The Mines and Energy Ministry said in a statement that President Michel Temer's administration had... 

Giant miner vies with Google, GE, for hires amid automation push

By: Bloomberg     22nd September 2017 Rio Tinto, the world’s second-largest mining company, is focused as much on driver-less trucks and automated drills as conventional shovels and loaders these days. That means it needs a whole lot more high-tech workers. The London-based company is stepping up efforts to lure engineers and... 

Industries should prepare for increased use of HFO gases

By: Nadine James     22nd September 2017 As a result of the Kigali Agreement, countries will gradually start phasing out the use of hydrofluorocarbon (HFC) gases, replacing them with hydrofluoro-olefin (HFO) gases and natural refrigerants like ammonia, carbon dioxide and hydrocarbons, says industrial gases supplier A-Gas South Africa.... 

Intercontinental alignment agrees to increased economic cooperation

By: Keith Campbell     22nd September 2017 The five member countries of the Brics alignment – Brazil, Russia, India, China and South Africa – are to strengthen trade and investment between themselves. This was affirmed in the “Xiamen Declaration” issued during the IX Brics Summit in the southeastern Chinese coastal city of Xiamen. The... 

Iron-ore sinks as 'peak steel' call, supply angst rattle market

By: Bloomberg     20th September 2017 Iron-ore has been dragged back into the $60s after getting hit by a barrage of bad news, with persistent concern about rising global supply, fresh questions about the outlook for demand in China, and a warning from Australia’s central bank that the top buyer may be nearing peak steel. The... 

Cybercrime becoming a major threat in South Africa

By: Anine Kilian     19th September 2017 The US Federal Bureau of Investigation has ranked South Africa sixth and seventh on the cybercrime predator list, which means that there is an increasing amount of fraud being perpetrated from the country, says computer forensics company Cyanre CEO Danny Myburgh. Speaking at the ninth Chartered... 

R2K picketers call for cellphone companies to ring in the changes

By: News24Wire      19th September 2017 Right2Know has led pickets outside the four major telecommunications companies in Gauteng on Tuesday, demanding affordable voice and data costs for South Africans. Tariffic, a research company, found that South Africa has the second highest data contract prices among seven countries, including... 

World Bank blames lack of innovation for South Africa’s dismal productivity performance 

By: Terence Creamer     19th September 2017 The World Bank’s tenth and latest South Africa Economic Update points to serious weaknesses in the area of domestic innovation, which it says lies at the heart of a worrying divergence in the country’s productivity performance when compared with both advanced economies and the country’s Brics... 

Avanco revises Jaguar deal

By: Esmarie Swanepoel     18th September 2017 ASX-listed junior Avanco Copper has revised its agreement with TSX-listed Jaguar Mining over the CentroGold project, in Brazil. The two companies in 2016 entered into an A$8.45-million earn-in agreement under which Avanco could take full ownership of the project through various instalments. 

Next Fortescue CEO to lead push beyond iron-ore cash machine

By: Bloomberg     15th September 2017 Nev Power’s successor as Fortescue Metals Group Ltd.’s top executive will be charged with leading the world’s fourth-largest iron ore exporter’s drive into new businesses. “We are going to look for and consider other opportunities, where other investors can join us,” chairperson and founder... 

Henning Rasmuss

     15th September 2017 This week we feature Henning Rasmuss, international business director at architectural firm Paragon Architects   

The six major economies reaffirm their commitment to free trade

By: Keith Campbell     15th September 2017 Leaders of six of the world’s ten biggest economies have reaffirmed their support for free trade, at two high level meetings held in Asia recently. The countries concerned are Brazil, China, India, Japan, Russia and the UK. In terms of gross domestic product (GDP) measured in purchasing power... 

Sizeable limonite find exposes Horizonte to burgeoning EV market

By: Samantha Herbst     14th September 2017 Brazil-focused nickel development company Horizonte Minerals on Thursday reported sizeable limonite mineral resources at its Araguaia nickel project, which exposes the Aim- and TSX-listed company to the fast-growing nickel/cobalt electric vehicle (EV) battery market. Limonite is treated to... 

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