R/€ = 15.94 Change: -0.37
R/$ = 13.76 Change: -0.33
Au 1275.19 $/oz Change: -5.11
Pt 868.50 $/oz Change: -16.98


GoldMining graduates to TSX

By: Creamer Media Reporter      18th June 2018 Gold-focused minerals explorer GoldMining is expected to delist from the TSX-V on Tuesday, when its shares will start trading on the TSX. Commenting on the company's graduation to the TSX, GoldMining chairperson Amir Adnani said that the new listing would elevate the visibility of the company,... 

PEA completed for South America’s ‘most advanced’ PGM project

By: Creamer Media Reporter      18th June 2018 A preliminary economic assessment (PEA) for the Pedra Branca platinum group metal (PGM) project, in north-eastern Brazil, has confirmed the economic potential of the project, which Aim-listed Jangada Mines says is South America’s largest and most advanced PGMs play. The PEA has assigned a net... 

Consciousness needed for chemical use

15th June 2018 The use of chemical compound Difluoromethane (R32) refrigerant in air-conditioning systems as a ‘green’ alternative to R410A demonstrates the global impact of the phasedown programme initiated by the Montreal Protocol and Kigali Agreement, according to specialty chemicals and gases supplier... 

Equinox Gold says Brazil gold project past halfway mark

By: Creamer Media Reporter      14th June 2018 The Aurizona gold project that Canadian junior Equinox Gold is building in Brazil has moved past the halfway mark, with the overall project now 55% complete and the engineering, procurement and construction management activities about 70% complete. In a project update on Thursday,... 

ACSA continues to work with African partners in developing airports 

By: Kim Cloete     13th June 2018 The Airports Company South Africa (ACSA) says it is working with its counterparts in Mozambique, Zambia and Ghana on the commissioning of airports. ACSA COO Fundi Sithebe says the company is assisting the Zambian government in commissioning its Kenneth Kaunda International Airport, as well as... 

Oz extends Avanco offer, gains majority share

By: Esmarie Swanepoel     13th June 2018 Copper miner Oz Minerals has extended its takeover period for fellow-listed Avanco Resources to July 6, after gaining a 73.9% foothold in the takeover target. Oz Minerals said on Wednesday that acceptances and acceptance instructions have been received from all of Avanco’s major shareholders,... 

Brazil overhauls decades-old mining law to lure investment

By: Reuters     12th June 2018 Brazil's President Michel Temer issued two decrees on Tuesday overhauling 50-year-old mining laws in attempt to draw investment to the sector and implementing rules on the collection of higher mining royalties. The changes to the 1967 mining code include measures to allow for mining titles to be... 

Harvest to raise £9m for Brazil project

By: Simone Liedtke     11th June 2018 Aim-listed Harvest Minerals on Monday launched an accelerated bookbuild to raise about £9-million. The gross proceeds of the placing, if fully subscribed, will be substantially applied to the development of production expansion at the Arapua fertiliser project, in Brazil, and product marketing,... 

Sikorsky Continues Customer Support Focus with New Parts Supply Site and S-92 Blade Repair Capability

8th June 2018 Sikorsky, a Lockheed Martin company, today announced the relocation and expansion of its Brazil-based forward stocking location (FSL) at a ribbon cutting ceremony attended by local operator CEOs and Sikorsky officials. The strategic decision positions Sikorsky products closer to operators and... 

Zest to enter renewables market

By: Shannon de Ryhove     8th June 2018 Local manufacturer of large electrical equipment and supplier of motors, drives and switchgear Zest WEG Group Africa has announced exclusively to Engineering News that it has recently restructured its business to include the renewable-energy industry. This move is strategically aligned with the... 

How to offset the job killing effect of sugar tax

8th June 2018 FairPlay movement member Charles Ward argues that, by following the lead of sugar producing countries, such as Brazil, which is now a major bioethanol producer and exporter, South Africa will be able to not only save but also grow its sugar-cane industry 

African airlines switching to more economical regional jets

By: Rebecca Campbell     8th June 2018 Regional airliner manufacturers are seeing a major adjustment in African airline markets as airlines "right-size" their fleets, adopting more economical, regional types (especially regional jets). This was made clear at the recent 27th African Aviation Summit (Air Finance Africa) by... 

Brazil presidential decree next week to overhaul mining rules – sources

By: Reuters     7th June 2018 Brazil's President Michel Temer plans to issue a decree next week to overhaul the rules for mining permits, bypassing Congress after it failed to approve similar changes last year, two people with direct knowledge of the matter told Reuters. The sources, who asked not to be named because the... 

Brand South Africa taking investor temperature ahead of investment summit

By: Terence Creamer     6th June 2018 Brand South Africa has begun consultations with foreign investors and diplomats as part of preparations for the investment conference, which President Cyril Ramaphosa will convene later this year. Ramaphosa has set a target of attracting $100-billion-worth of direct investment over the coming... 

Alstom showcases local footprint, rail services and solutions at 21st Africa Rail Event

6th June 2018 Alstom’s stand, #A69, Hall 1 level 0   Alstom is proud to be a sponsor for the eight year of the Africa Rail event, Africa’s largest rail conference and exhibition. The exhibition will take place from 12-13 June 2018 in Sandton, Johannesburg, and is focused on bringing together solution providers... 

Mining resumes at Avanco’s Brazil mine

By: Mariaan Webb     4th June 2018 Mining operations have resumed at the Antas mine in strike-hit Brazil, after fuel and other supplies started flowing into Parauapebas. The Antas mine, which was shut last week amid a crippling truck driver strike, is functioning on a normal roster, ASX-listed Avanco said on Monday. 

Kinross Gold celebrates 25-year TSX anniversary

By: Creamer Media Reporter      2nd June 2018 Canada-based senior gold mining company Kinross Gold on Friday celebrated its twenty-fifth year as a listed company on the Toronto Stock Exchange. The senior gold miner, which has mines in the US, Brazil, Russia, Mauritania, Chile and Ghana, started trading on the TSX on June 3, 1993. 

Brazil says US tariffs and quotas unjust, still open to negotiate

By: Reuters     2nd June 2018 The Brazilian government said US quotas and tariffs that went into effect on Friday on Brazil's steel and aluminum exports to the United States were unjustified, but said it remains open to negotiate a solution that benefits industries in both countries. Under the new quota-based system agreed... 

Brics’ New Development Bank approves six project loans totalling $1.6bn

By: Marleny Arnoldi     29th May 2018 Multilateral development bank, the New Development Bank (NDB), on Monday held its third yearly meeting of the NDB board of governors (BoG) and the fourteenth meeting of the NDB board of directors (BoD), in Shanghai, China.  

Avanco cuts Antas production

By: Esmarie Swanepoel     29th May 2018 Plant operations and most mining activities have been suspended at the Antas openpit mine, in Brazil, as a strike by truck drivers drags on. ASX-listed Avanco Resources has previously warned that operations at Antas would be affected by the strike, as fuel and consumables failed to be delivered... 

Brazil deal to end truckers' strike rattles Petrobras investors

By: Reuters     29th May 2018 Petrobras shares plunged 15% on Monday after Brazil's government offered new fuel subsidies and softened the oil producer's pricing policy in a bid to settle a truckers' strike that has wreaked havoc on Latin America's largest economy. As a result of tax cuts and subsidies announced by President... 

South Africa struggling to improve competitiveness – survey 

By: African News Agency      28th May 2018 The Institute of Management Development (IMD) said on Monday that South Africa had failed to improve on its overall competitiveness, with low economic growth, unemployment and a steep public debt interest payments posing serious bottlenecks for the country's growth.  In its latest World... 

Transport Decarbonisation Alliance launched

By: Simone Liedtke     25th May 2018 The Transport Decarbonisation Alliance (TDA), a coalition aiming to catalyse the accelerated decarbonisation of the transport sector, was launched earlier this week in Leipzig, Germany, as part of the International Transport Forum (ITF). Rail transport company Alstom and partner companies, cities... 

Global crude steel production increases 4.1% y/y in April

By: Simone Liedtke     25th May 2018 Global crude steel production, as reported by the 64 countries reporting to the World Steel Association (worldsteel), was 148.3-million tonnes – a 4.1% increase compared with April 2017. China’s crude steel production for April was 76.7-million tonnes, an increase of 4.8% compared with April 2017. 

African airlines switching to more economical regional airliners

By: Rebecca Campbell     25th May 2018 Regional airliner manufacturers are seeing a major adjustment in African airline markets as airlines "right-size" their fleets, adopting more economical, regional types (especially regional jets). This was made clear at the twenty-seventh African Aviation Summit (Air Finance Africa) on Thursday... 

Acquisitions allow for access to tech, developments in industry

By: Shannon de Ryhove     25th May 2018 Global motors and drives manufacturer and supplier Zest WEG Group’s Brazil headquarters has made several new acquisitions over the past few years, which has enabled the company to access a larger expertise pool and new technology, says Zest WEG Group manager of rotating machines Fanie Steyn. WEG... 

Porto de Sergipe I power plant, Brazil

By: Sheila Barradas     25th May 2018 The project entails the construction of the largest gas-fired power plant in Latin America.  

Jet engines help power cobalt to 10-year highs

By: Reuters     24th May 2018 The spotlight in the cobalt market has been fixed on electric vehicles but shrinking supply and robust demand from traditional sectors such as jet engine makers are helping fuel a price rally that shows no signs of fading. Cobalt in recent years has become synonymous with electric vehicles as it... 

Avanco warns of cuts at Antas

By: Esmarie Swanepoel     23rd May 2018 Copper miner Avanco has warned shareholders that it might scale back operations at its Antas openpit mine, in Brazil, due to a nation-wide truck driver strike. The miner said on Wednesday that a prolonged strike could adversely impact the supply of consumables for mining and processing... 

Kazatomprom delivers uranium to Brazil

By: Creamer Media Reporter      23rd May 2018 The National Atomic Company of Kazakhstan (Kazatomprom) has expanded the sales geography in the world nuclear fuel market, with a contract to sell uranium to Brazil. Kazatomprom said on Wednesday that it had won the bid for the supply of natural uranium concentrates to State-owned nuclear fuel... 

Global effort against climate change cannot be postponed – Basic countries

By: News24Wire      21st May 2018 The Basic countries, comprising Brazil, South Africa, India and China, have reiterated that the global effort against climate change is an irreversible process that cannot be postponed. This was said following the 26th Basic Ministerial Meeting on Climate Change, held in Durban over the weekend.... 

Avanco a step closer to Pedra Branca

By: Esmarie Swanepoel     16th May 2018 Takeover target Avanco is one step closer to the grant of a provisional environmental licence for its Pedra Branca copper project, in Brazil, following a successful public hearing. The company on Wednesday reported that no objections were recorded at the public hearing, which indicated a strong... 

Russian billionaires take boardroom battle to London High Court

By: Reuters     15th May 2018 Russia tycoon Oleg Deripaska gave evidence in the London High Court on Monday in a case challenging the sale of shares in Norilsk Nickel (Nornickel) by soccer club owner Roman Abramovich. Deripaska, making his first public appearance since being made a target of US sanctions, wants to stop... 

Ramaphosa appoints Mabuza as Russia envoy

By: News24Wire      14th May 2018 President Cyril Ramaphosa has appointed Deputy President David Mabuza as his special envoy to Russia, according to a statement from the Presidency. The move appears to set a point of departure on South Africa’s role in the BRICS group of emerging economies which include Brazil, Russia, India and... 

Russian billionaires' Nornickel tussle to go to trial on Monday

By: Reuters     14th May 2018 A London High Court trial over the legality of Russian billionaire Roman Abramovich's sale of a stake in Norilsk Nickel will start on Monday, part of a long-running battle for control of the miner. Rusal, which is controlled by Oleg Deripaska, is trying to stop Chelsea soccer club owner... 

Bayer to sell South African cotton seed business as part of Monsanto merger conditions

By: Marleny Arnoldi     11th May 2018 The Competition Tribunal on Friday approved a merger between German multinational pharmaceutical and life sciences company Bayer and US multinational agrochemical corporation Monsanto on the condition that the merged entity sell the Bayer South African cotton seed business.  

Ministers from SA and India stress bilateral opportunities at business summit

By: Rebecca Campbell     11th May 2018 India has progressed from having almost no trade with South Africa in 1994 to today being the country's sixth to eight largest trading partner, South African Trade and Industry Minister Dr Rob Davies has highlighted. He was addressing the recent India-South African Business Summit in Sandton,... 

World investors look to Zimbabwe

10th May 2018 Infrastructure stakeholders from around the world are showing keen interest in Zimbabwe as a new spirit of optimism takes root in the country. 

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