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Press Office - SRK Consulting

SRK Consulting

SRK provides expert advice and solutions for clients requiring specialised services, mainly in the fields of mining, geotechnics, water, waste and the environment.

SRK seeks to serve clients across a range of industries that are primarily natural resource based. The firm’s primary business is the provision of professional consulting services.

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Chilean economic growth boosted by domestic spending

By: Reuters     18th August 2017 Chile's gross domestic product grew broadly in line with expectations in the second quarter of 2017, boosted by domestic spending, the central bank said on Friday, although investment continued to lag. GDP grew by 0.7% in the second quarter from the first quarter in seasonally adjusted terms. 

RMB wins African Banker Investment Bank of the Year award

     18th August 2017 Rand Merchant Bank (RMB) won the Investment Bank of the Year award for the fifth year running in the African Banker Awards 2017. The award is made by the African Banker magazine to the most innovative investment bank operating in Africa. RMB received the accolade at an award ceremony on 23rd May... 

Cesa Aon Engineering Excellence Awards winners for 2017 announced

     18th August 2017 Consulting Engineers South Africa (Cesa), supported by Aon South Africa, on Thursday announced the winners of this year’s Cesa Aon Engineering Excellence Awards, which recognise outstanding achievements in the engineering industry and celebrate innovation, quality, outstanding workmanship and... 

Zimbabwe tightens screws on miners' export earnings in forex crunch

By: Reuters     18th August 2017 The Reserve Bank of Zimbabwe has ordered platinum and chrome miners to surrender 80% of their export earnings to the central bank as the country struggles to contain a crippling dollar note shortage. Previously miners in the southern African nation were required to retain 50% of their earnings. 

Ferguson calls on NT govt to reconsider fracking stance

By: Esmarie Swanepoel     18th August 2017 The Australian Petroleum Production & Exploration Association (Appea) has called on the Northern Territory government to reconsider its stance on hydraulic fracturing (fracking), saying an onshore gas industry in the region could deliver new sources of stable, long-term revenue for the Territory... 

Act revised to apply tariffs on imported products 

By: Victor Moolman     18th August 2017 Earlier this year, the Preferential Procurement Policy Framework Act (PPPFA) was adapted to include designation of domestic steel, wire and other industry products, and although it came into effect in April, the South African Wire Association (SAWA) says it is too soon for the steel construction... 

African conference strives to boost bioenergy industries

     18th August 2017 Global conference organiser Centre for Management Technology (CMT) notes that its Biomass Trade & Bioenergy Africa conference will be held at the Radisson Blu Hotel in Sandton on September 28 and 29. CMT hopes that the conference will further development of the African biomass and bioenergy... 

Despite rising EV tide, automaker urges SA to implement cleaner-fuels vision

By: Irma Venter     18th August 2017 Research published by Bloomberg New Energy Finance (BNEF) this month shows that electric vehicles (EVs) may account for 54% of all new light-duty vehicle sales globally by 2040. However, it is unlikely that South Africa will follow this trend to the same degree. 

Focus needed to maximise S Africa’s export potential

By: Robyn Wilkinson     18th August 2017 The future of the South African materials handling sector will be impacted on significantly by sub-Saharan Africa development and the ability of South Africa to leverage its export capabilities on the subcontinent, says engineering consultant WSP Africa transport and infrastructure divisional... 

Sustainable partnerships needed to ensure Africa’s food security

By: David Oliveira     18th August 2017 New approaches and sustainable partnerships are required to ensure food security for Africa’s rapidly urbanising population, says financial services provider Absa senior agricultural economist Wessel Lemmer. According to a January 2017 report by The Sustainable Development Goals Centre for... 

Upstream and downstream industry has to work together

By: Victor Moolman     18th August 2017 Upstream and downstream steel industries need to work together to overcome the challenges of imports and tariffs in the steel construction industry, says South African Institute of Steel Construction (Saisc) CEO Paolo Trinchero. 

Exxaro H1 headline earnings rise on higher coal sales

By: Anine Kilian     17th August 2017 Diversified miner Exxaro Resources has posted headline earnings of R2.79-billion for the six months ended June 30, compared with headline earnings of R1.10-billion in the first half of 2016. Revenue rose 10% year-on-year to R10.74-billion, while group net operating profit increased by 35% to... 

Glencore coal miners return to work in Australia but vow more strike action

By: Reuters     17th August 2017 Coal mine workers from seven Glencore collieries in Australia returned to work on Thursday after a four-day work stoppage, with many voting to keep up pressure on the company over wages and job security. More than 1,400 workers met in the mining hub of Singleton, New South Wales, about 200 km... 

Bushveld Energy, IDC studies indicate favourable vanadium battery, electrolyte demand

By: Mia Breytenbach     16th August 2017 There is favourable demand for vanadium redox flow batteries (VRFBs), particularly in the utility and offgrid, as well as minigrid markets, with demand to peak in 2025 to 2030. This is according to recently concluded market studies, commissioned by Aim-listed Bushveld Minerals’ energy subsidiary... 

China to ban primary mercury mining by 2032 as convention comes into force

By: Reuters     16th August 2017 China will ban the production and trade of a range of products containing mercury by 2020, including thermometers and blood pressure monitors, and ban primary mercury mining by 2032, as a global pact to cut pollution from the metal comes into effect. China - the world's biggest miner and... 

Electricity intensive firms to approach Nersa for new job-saving tariff deal

By: Terence Creamer     16th August 2017 The Energy Intensive Users Group (EIUG) will approach the National Energy Regulator of South Africa (Nersa) before the end of September with a proposal for structural changes to Eskom’s tariff for large power users by removing existing cross-subsidies to assist businesses whose future... 

India, Iran talks on Farzad B gasfields near breaking point 

By: Ajoy K Das     16th August 2017 The protracted negotiations between India and Iran on the Farzad B gasfields have come to a halt following a hardening of stance by both countries. No top level talks between officials of India and Iran have been held since the expiry of the last deadline of February, but official written... 

Shortage of Chinese rare earths spot material bodes well for Mkango – report

By: Henry Lazenby     15th August 2017 Structural changes in China’s rare earths supply chain bodes well for companies outside of that country that are developing new rare earths projects. A new report published by respected industry observer Adamas Intelligence of Sudbury, Ontario, highlights a 50% increase in the price of certain... 

ConCourt upholds scrap metal export provisions

By: Anine Kilian     14th August 2017 The Constitutional Court (ConCourt) has dismissed local scrap metal exporter SA Metal Group’s request for leave to appeal the High Court’s decision to uphold the State’s scrap metal export provisions, known as the price preference system, as well as the International Trade Administration... 

Merger completed in thermal application sector

By: Tasneem Bulbulia     11th August 2017 Export-oriented engineering company Loesche Group has completed the merger of its combustion systems and drying systems businesses into one central location. Completed in April, the group has built a team of specialists to manage the merger accordingly, as all technical details, drawings,... 

Newcomer to mark SA entry with introduction of medium-duty truck by year-end

By: Irma Venter     11th August 2017 This first phase of VE Commercial Vehicles South Africa’s (VECV SA’s) entry into South Africa will see the introduction of the Eicher medium-duty Pro 3000 series. The 8.5 t gross vehicle mass (GVM) haulage trucks (4 t to 5 t payload) will be followed by the launch of the heavy-duty Pro 6000... 

Eskom to sell more surplus power in major turnaround

By: Reuters     10th August 2017 South African power utility Eskom is to start selling more of its surplus capacity as new plants come on line, its acting chief executive said on Thursday, marking a shift from two years ago when the company had to conserve power because of shortages. South Africa had regular power cuts in 2015... 

Toyota SA pursues production of budget car at Durban plant

By: Irma Venter     10th August 2017 Toyota South Africa Motors (TSAM) is investigating the possibility of manufacturing a new passenger car at its Prospecton plant, in Durban. “We are seeking the opportunity to produce something more affordable,” says TSAM CEO Andrew Kirby. 

Iron-ore exports to China from Port Hedland drop 12% in July

By: Reuters     8th August 2017 Iron-ore shipments to China from Australia's Port Hedland terminal dropped 12% to 32.03-million tonnes in July from 36.6-million tonnes in June, port data released on Tuesday showed. Overall iron-ore shipments from the world's biggest export terminal for the steelmaking raw material dipped to... 

Job-shedding in the thousands cause for alarm – Seifsa

By: Natasha Odendaal     7th August 2017 The loss of 25 000 jobs in the metals and engineering sector during the three-year period from July 2014 to June 2017 necessitates that a workable solution be found to halt the “jobs bloodbath”, says the Steel and Engineering Industries Federation of Southern Africa (Seifsa). With a first-quarter... 

Richland’s Queensland sapphire mine approaches profitability

By: Mariaan Webb     7th August 2017 The ramp up of the Capricorn sapphire mine to 1.2-million carats a quarter has lifted Richland Resources’ half-year performance, with the Aim-listed company on Monday reporting a significant revenue increase. The mine, in Queensland, delivered 1.96-million carats in the first six months of the... 

Uganda, Tanzania start work on construction of $3.5bn oil pipeline

By: Reuters     7th August 2017 The leaders of Tanzania and Uganda laid a foundation stone on Saturday for the construction of a $3.55-billion-crude export pipeline that would pump Ugandan oil for international markets. The 1,445 km-project - set for completion by 2020 - will stretch from landlocked Uganda's western region,... 

Gunvor offers Equatorial Guinea funding help in bid for LNG

By: Reuters     4th August 2017 Gunvor has offered to help Equatorial Guinea with financing as the Swiss commodity trader looks to edge out rivals bidding for supply from Africa's first deepwater floating liquefied natural gas (FLNG) plant. Gunvor, Vitol and Royal Dutch Shell have been shortlisted for an LNG off-take deal from... 

Coal drives record Qld exports

By: Esmarie Swanepoel     4th August 2017 The Queensland government on Friday revealed that exports from the state reached a record A$65.9-billion over the last 12 months. Treasurer and Minister for Trade and Investment Curtis Pitt said a significant rise in the value of coal exports was the primary driver behind Queensland setting... 

As batteries make power play, South Africa mulls market participation

By: Irma Venter     4th August 2017 The world changed more than could be imagined in the 1990s. Not only was it the advent of all things Internet and digital connectivity, it also saw the birth of the rechargeable lithium battery, required to charge humankind’s new tools, such as cellphones and laptop computers. Today, the chase is... 

As batteries make power play, South Africa mulls market participation

By: Irma Venter     4th August 2017 The world changed more than could be imagined in the 1990s. Not only was it the advent of all things Internet and digital connectivity, it also saw the birth of the rechargeable lithium battery, required to charge humankind’s new tools, such as cellphones and laptop computers. Today the chase is... 

Forum to address rail maintenance and rehabilitation

     4th August 2017 A delegation of international rail maintenance and rehabilitation professionals, together with an “unbeatable” line-up of thought leaders in Africa’s transport sector will be in Durban, South Africa in October to address challenges faced by the rail fraternity in Africa. 

Kusile power plant project, South Africa

By: Sheila Barradas     4th August 2017 The project continues to closely manage contractor productivity. 

New maritime transport policy to facilitate sector growth

By: Marleny Arnoldi     4th August 2017 The Department of Transport finalised its Comprehensive Maritime Transport Policy (CMTP) for South Africa in June.  

Port of Ngqura manganese export expansion project, South Africa

By: Sheila Barradas     4th August 2017 Transnet Freight Rail plans to increase the capacity on its manganese rail line beyond 5.5-million tonnes to an eventual 16-million tons. 

SADC needs to promote intra-bloc trade and South Africa should lead – OECD

By: Keith Campbell     4th August 2017 The Organisation for Economic Cooperation and Development (OECD), in its July 2017 survey of the South African economy, has urged South Africa to promote further economic integration within the Southern African Development Community (SADC). “SADC is already the largest export market and a major... 

Station’s strategic location to improve corridor capacity

By: Simone Liedtke     4th August 2017 Rosmead station, in the Eastern Cape, was identified as strategic in improving operational capacity along the export corridor and forms part of Phase 1 of State-owned freight utility Transnet’s Port of Ngqura manganese export expansion project. 

Mondi sees 6% decrease in H1 profit

By: Anine Kilian     3rd August 2017 JSE-listed Mondi’s underlying profit fell by 6% year-on-year to €497-million for the six months ended June 30. Underlying earnings before interest, taxes, depreciation and amortisation for the period, adjusted for the year-on-year movement in the forestry fair value gain, was up 3%.... 

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