http://www.engineeringnews.co.za
R/€ = 14.85 Change: -0.04
R/$ = 12.63 Change: -0.05
Au 1289.85 $/oz Change: -3.03
Pt 904.00 $/oz Change: 2.31
 

Topic

Japan, Russia, Turkey bring potential US tariff retaliation to $3.5bn

By: Reuters     22nd May 2018 Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminium, the World Trade Organization said on Tuesday, bringing the total US tariff bill to around $3.5-billion annually. The three countries detailed their compensation claims in... 

Allied Steelrode, seven others join task force to lobby for support of downstream steel industry

By: Marleny Arnoldi     21st May 2018 Steel supplier and processing company Allied Steelrode has affirmed its commitment to an industry representative group the CEO Task Force, which will aid in regenerating the country’s steel sector, through mobilising the downstream industry – which suffers the most when challenges arise in the... 

Threat of cobalt supply shock is top risk for electric vehicles

By: Bloomberg     21st May 2018 A burgeoning risk of a supply crunch in cobalt – a key battery metal that’s more than tripled in price in two years – poses one of the biggest threats to forecasts for rising electric vehicle adoption. Major investment in mines is required to avoid price spikes that could see cost reductions for... 

Tomra Sorting Recycling Reports Increased Interest In Sorting Technologies At Ifat 2018

21st May 2018 Tougher new regulations and consumer concerns are reflected in enquiries received at the leading trade fair for environmental technologies  TOMRA Sorting Recycling experienced high levels of interest in its sensor-based sorting technologies at IFAT 2018, the world’s leading trade fair for... 

Kibo awards second lot of Mbeya EPC contract

By: Simone Liedtke     21st May 2018 Aim-listed Kibo Mining has awarded Sepco III the second lot of the engineering, procurement and construction (EPC) contract for its Mbeya coal-to-power project (MCPP), in Tanzania. Lot 2 of the EPC contract involves the construction of the power line that will evacuate power from the Mbeya power... 

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.... 

Mining gear maker Metso picks CEO from Finnair

By: Reuters     21st May 2018 Finnish engineering company Metso said on Monday it had picked Finnair CEO Pekka Vauramo as its new chief executive officer. Vauramo is expected to bring stability to the business following the surprise departure of the previous CEO Nico Delvaux after less than a year in the job. 

Anadarko seeks to raise $14bn to $15bn for Mozambique LNG project

By: Reuters     18th May 2018 Anadarko Petroleum is seeking to raise a record $14-billion to $15-billion from banks and export credit agencies for its huge liquefied natural gas (LNG) project in Mozambique, sources close to the matter said. Fast-growing gas demand from China and Southeast Asia is reassuring export project... 

Young, bridal jewellery consumers to drive platinum demand

By: Nadine James     18th May 2018 Young, bridal and self-purchasing jewellery consumers are emerging to contribute to platinum demand growth this year, the Platinum Guild International (PGI) reports. In its ‘2017 Platinum Jewellery Business Review’, the PGI found strong consumer retail sales growth in the US, Japan and India for... 

Australia’s MCA welcomes gold report

By: Esmarie Swanepoel     18th May 2018 The Minerals Council of Australia (MCA) has welcomed a new report by the World Gold Council (WGC), which states that gold will continue to be valued over the next 30 years, with new uses for gold meaning new opportunities for producers. “New uses for gold including in antibiotics, smartphones... 

Safety valves manufacturer invests in growth, celebrates 200 years

18th May 2018 European safety valves manufacturer Leser celebrates its 200th anniversary this year, with the share of its profits last year spent on the development of its facilities amounting to €35.3-million. Leser’s service and products in South Africa are offered through its sole local distributor,... 

WAR TALK

18th May 2018 South Africa has already become something of a casualty in the brewing trade war between the US and China. However, should President Donald Trump’s trade-war rhetoric and initial actions escalate into a full-blown conflict, it is likely that the pain could spread well beyond the steel and... 

Tianqi Lithium picks up minority SQM stake for $4.07bn

By: Henry Lazenby     17th May 2018 Lithium producer Tianqi Lithium has secured a 24% stake in Sociedad Quimica y Minera de Chile (SQM) from crop nutrient producer and distributor Nutrien, for $4.07-billion. Nutrien's sale of its SQM holdings was required by the Competition Commission of India and Ministry of Commerce in China... 

Contrasting performances for Sub-Saharan African, European miners – BMI

By: Simone Liedtke     17th May 2018 Europe and sub-Saharan Africa are on opposite ends of BMI Research’s Mining Risk and Reward Index (RRI), as can be seen with Europe’s significantly stronger performance in country and industry risk indicators, while sub-Saharan Africa continues to lag in country reward scores. The country reward... 

Diamond jewellery demand at all-time high – De Beers

By: Simone Liedtke     17th May 2018 Global consumer demand for diamond jewellery hit a new all-time high in 2017, climbing to $82-billion, a 2% increase on the previous year, according to industry insight data published by De Beers on Thursday. The US was the main driver of growth for the fourth consecutive year, where positive... 

China's Jinchuan to double African copper, cobalt output – exec

By: Reuters     17th May 2018 China's Jinchuan Group International Resources plans to double its African copper and cobalt production in the next two to three years, its CEO said on Thursday. The company currently produces around 50 000 tonnes of copper and 5 000 tonnes of cobalt a year, Gao Tianpeng said at the LME Asia Week... 

Poynting looks to the rest of Africa as it continues to expand globally

By: Irma Venter     17th May 2018 Johannesburg-based Poynting Group is seeking to expand its business to the rest of the Africa, says CEO Michael Howard. Poynting is already well known outside Africa, with 50% of its revenue flowing from Europe, the US, Australia and Scandinavia. Manufacturing is based in Midrand and China, with... 

R3bn Rosslyn Hub to create 160 000 jobs

By: Nadine James     16th May 2018 The R3-billion mixed-use Rosslyn Hub development was launched at the African Smart Cities Summit, co-located with the African Construction and Totally Concrete Expo, at the Gallagher Convention Centre, in Johannesburg, on Wednesday. The Rosslyn Hub is a crucial step towards the creation of the... 

Tharisa on track to achieve Vision 2020 strategy; acquires Zim chrome asset

By: Simone Liedtke     16th May 2018 Integrated resource group Tharisa CFO Michael Jones says the company’s Vision 2020 strategy, which is aimed at increasing production to 200 000 oz of platinum-group metals (PGMs) and two-million tonnes of chrome concentrates by year-end 2020, is well on track. Tharisa, which on Wednesday... 

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target

By: Terence Creamer     16th May 2018 Energy Minister Jeff Radebe says one-quarter, or $25-billion, of South Africa's newly announced five-year investment target of $100-billion could be met through investments in new energy projects, including a possible new greenfield crude oil refinery and a gas pipeline linking South Africa to... 

Nigeria awards $7bn rail project to Chinese state rail firm – Xinhua

By: Reuters     16th May 2018 Nigeria has awarded a $6.68-billion contract to the China Civil Engineering Construction Corporation (CCECC) for work on a major segment of a railway linking the country's commercial hub Lagos, in the southwest, and Kano in the north, Xinhua reported. "The signing of the ... segment contract... 

Australia's trade minister says China ties a priority after recent "differences"

By: Reuters     16th May 2018 Australia's trade minister will use a visit to China this week to reinforce ties with his country's largest trading partner, he said on Wednesday, following a recent souring in relations. Steven Ciobo's arrival in Shanghai on Thursday marks the first trip by an Australian minister in eight... 

Paulson keeps stake in gold investments during Q1 – filing

By: Reuters     16th May 2018 New York-based Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the first quarter of 2018, while other heavyweights including Soros Fund Management, Jana Partners and Caxton Corp all remained unexposed to the metal. The timing for Paulson appeared... 

Anglo American to spin off unit to encourage platinum demand

By: Reuters     15th May 2018 Anglo American will spin out its internal venture capital unit, it said on Tuesday, as the world's biggest platinum producer seeks to spur investment in fuel-cell technology to boost demand for a commodity in oversupply. A push, particularly in Europe and China, for lower-emission transport... 

Sinosteel to invest $1bn in Zimbabwe, lift ferrochrome output

By: Reuters     15th May 2018 China's Sinosteel Corporation has agreed to invest $1-billion in Zimbabwe to build a power plant and increase ferrochrome output, the Southern African country's President Emmerson Mnangagwa said on Monday. Sinosteel president Andong Liu said the Chinese firm planned to build three additional... 

Solidarity announces action plan on US steel, aluminium import tariffs

By: Marleny Arnoldi     14th May 2018 Trade union Solidarity on Monday announced an action plan in response to the decision by the US not to grant the South African steel and aluminium industry exemption from import tariffs on steel and aluminium.  

Sappi continues to invest in growth as Q2 performance beats expectations

By: Simone Liedtke     14th May 2018 Global diversified woodfibre company Sappi will continue to invest in its growth and has submitted an environmental approval application to expand its Saiccor mill, in KwaZulu-Natal by another 110 000 m2. Production is expected to start early in 2020, with the environmental approval expected... 

Platinum supply, demand weak in Q1 – WPIC  

By: Nadine James     14th May 2018 There was a slight dip in both platinum demand and supply in the first quarter of this year, the World Platinum Investment Council (WPIC) reports. The organisation on Monday revealed that refined output decreased by 0.7% year-on-year in the first quarter, largely as a result of South African mine... 

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... 

Platinum surplus to widen; fuel cells seen as key driver for future demand

By: Marleny Arnoldi     14th May 2018 The platinum market will move further into oversupply this year, as production from South Africa remains flat and demand is forecast to contract by 2.5%, the latest Johnson Matthey platinum group metals (PGM) market report states.  

PNG LNG delivering economic promises - Oil Search

By: Esmarie Swanepoel     14th May 2018 ASX-listed Oil Search has maintained that the Papua New Guinea liquefied natural gas (PNG LNG) project has been beneficial to the region, despite reports suggesting otherwise. Social justice advocates Jubilee Australia has claimed that the PNG LNG project has caused increased violence in PNG as... 

More agile Sherritt focused on building ‘cycle-proof’ balance sheet

By: Henry Lazenby     11th May 2018 Canadian diversified miner Sherritt International is focused on further strengthening its balance sheet, with a view to building a “cycle-proof” balance sheet as Class I nickel and cobalt prices rise, president and CEO David Pathe tells Mining Weekly Online. Building on from the late... 

Louis Dreyfus completes $466m sale of metals unit to Chinese fund

By: Reuters     11th May 2018 Louis Dreyfus Company said on Friday it had completed the sale of its metals business to a Chinese investment fund for $466-million, as part of a push to revive profits by focusing on its core agricultural markets. Louis Dreyfus announced in December an agreement to sell LDC Metals to NCCL... 

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.  

Legal fight, delays force Adani writedowns on Carmichael Coal

By: Bloomberg     11th May 2018 Indian conglomerate Adani Enterprises Ltd. has taken a 896.4-million rupees ($13.3-million) writedown on its Carmichael coal mine in Australia’s Queensland state due to delays and legal challenges. The impairment charge was booked by its Australian unit Adani Mining Pty in the quarter ended... 

Nuclear energy vital in building sustainable economy 

By: Melissa Zisengwe     11th May 2018 The adoption and implementation of nuclear energy would help the country reach its energy targets and build a sustainable economy, says independent economic risk consultant Rob Jeffrey. “South Africa’s prioritisation of economic growth should include adopting an effective and efficient energy... 

Cement plant maintenance crucial

By: Jessica Oosthuizen     11th May 2018 Strategic and effective cement plant maintenance services can increase plant productivity and reduce costs, says furnace and industrial services company The Dickinson Group sales manager Brighton Mapiku. “By doing thorough cement plant maintenance, which includes proper planning, employing... 

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,... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close