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Uganda, Tanzania sign deal for world's longest heated pipeline

By: Reuters     26th May 2017 Uganda and Tanzania signed a framework agreement on their proposed $3.55-billion crude export pipeline on Friday, a key milestone for the project, which is expected to start pumping Ugandan oil to international markets in three years. An official at Uganda's Ministry of Energy told Reuters the... 

Acacia says committee’s findings on its Tanzanian gold exports inaccurate

By: Megan van Wyngaardt     26th May 2017 Tanzania-focused Acacia Mining on Friday said it could not agree with the findings of a report, compiled by a Presidential Committee tasked with investigating the export of gold and copper concentrates. President John Magufuli on Wednesday released the findings of the report and announced that... 

Surcotec’s thermal spray coating solutions has the Western Cape marine market covered

     26th May 2017 The marine industry is a notoriously harsh environment for equipment, parts and components due to accelerated corrosion in a seawater atmosphere and severe operating conditions. Leading thermal spray company, Surcotec, in partnership with Thermaspray, offers a range of high quality thermal spray... 

Up to 6% of Barrick’s 2017 output impacted by Tanzania ore export ban

By: Henry Lazenby     26th May 2017 The world’s largest gold producer by volume, Canada’s Barrick Gold, on Thursday revealed that up to 6% of its attributable output could be affected by the ongoing ban on mineral concentrate exports affecting the operations of its 63.9% subsidiary Acacia Mining, in Tanzania. Acacia’s Bulyanhulu... 

SA auto firms join Tripartite Free Trade Area talks

By: Irma Venter     26th May 2017 South African vehicle manufacturers in April joined the negotiations around the formation of an African Tripartite free trade area (TFTA).   The local industry was pursuing duty-free access for new vehicles made in South Africa to the markets included in the TFTA, said National Association of... 

Strike impacts Freeport's Grasberg mine, workers 'resigned'

By: Reuters     25th May 2017 Freeport McMoRan said on Thursday that mining and milling rates at its Grasberg copper mine, in Papua, Indonesia, have been affected as some 9 000 workers stage an extended strike, and a "large number" of approximately 4 000 absentee workers were deemed to have resigned. Escalating tensions with... 

Yancoal offers $710m for Mitsubishi’s stake in Hunter Valley mines

By: Esmarie Swanepoel     25th May 2017 ASX-listed Yancoal Australia has made a tag-along offer to acquire Mitsubishi Development’s 32.4% interest in the Hunter Valley operations for $710-million. The tag-along offer fulfilled Yancoal’s obligation to Mitsubishi under the sale and purchase agreement for Yancoal’s $2.45-billion buy of... 

Peru FTA to unlock opportunities for Australian exporters

By: Esmarie Swanepoel     25th May 2017 The Minerals Council of Australia (MCA) has welcomed a possible free trade agreement (FTA) with Peru, saying Australia’s mining and mining services sectors could benefit from the agreement Australian Trade, Tourism and Investment Minister Steven Ciobo this week launched FTA negotiations with his... 

Djibouti opens new port as part of $7bn/y free-trade zone plan

By: Reuters     25th May 2017 Djibouti has formally opened one of four new ports designed to cement the tiny Horn of Africa nation's position as a continental hub, a statement from the ports authority said on Wednesday. Doraleh Multipurpose Port has been substantially upgraded as part of a Chinese-backed plan to establish... 

Opinion: PBMRs could be built in old power stations due to be decommissioned 

     25th May 2017 The African Utility week saw an important and welcome announcement. Eskom’s Chief nuclear officer revealed that Eskom was reconsidering the Pebble Bed Modular reactor (PBMR). For whatever reason, work on this ground-breaking project was stopped by the South African Government in 2010. The latest... 

Wescoal’s Khanyisa Complex produces first coal

By: Megan van Wyngaardt     24th May 2017 JSE-listed Wescoal has received regulatory approval from the Department of Mineral Resources to start producing at its expanded Khanyisa colliery, in Mpumalanga. The company on Wednesday said mining activities have started in the Khanyisa Catwalk, as well as the adjacent Khanyisa Triangle areas... 

Acacia’s shares fall as Tanzania committee says it under-declared concentrate exports

By: Creamer Media Reporter      24th May 2017 Acacia Mining’s share price on the LSE fell by more than 20% on Wednesday after it reported that a Tanzanian Presidential Committee that was set up to investigate if mining companies are paying their fair share of taxes, had found that the gold miner had not fully declared all minerals contained... 

Denel set on expanding business in Asia-Pacific region

By: Megan van Wyngaardt     23rd May 2017 State-owned Denel on Tuesday said it was dead set on expanding its business in the Asia-Pacific markets, despite an affidavit, lodged by former Treasury director-general Lungisa Fuzile, stating that its joint venture (JV) partner is a technically insolvent company. The aerospace and defence... 

Thos Begbie’s global quality status boosted by on-the-spot Dekra 

By: Martin Creamer     23rd May 2017 The same-site working relationship that Thos Begbie has established with global quality inspectorate Dekra Industrial RSA is giving the prolific exporter of copper castings a commercial edge in its global dealings with mining and smelter-related customers worldwide. Thos Begbie now hosts the... 

South Africans spoilt for choice when buying new vehicles 

By: Irma Venter     23rd May 2017 South African car buyers had access to 55 passenger car brands in 2016, with 3 458 model derivatives to choose from, says National Association of Automobile Manufacturers of South Africa (Naamsa) executive manager Dr Norman Lamprecht. “This afforded car buyers the widest choice to market-size... 

Rhodes Food attributes strong interim results to organic growth

By: Megan van Wyngaardt     23rd May 2017 JSE-listed Rhodes Food on Tuesday posted a 14.6% year-on-year increase in net profit to R125-million for the six months ended April 2, while headline earnings rose 15.9% to R126-million. The food producer attributed the growth to sustained strong organic growth in the regional segment, with fresh... 

Queensland coal mining jobs growing again

By: Esmarie Swanepoel     23rd May 2017 Stronger commodity prices have resulted in an increase in the number of jobs in the coal exploration sector, with new data from the Queensland government revealing that employment in the sector had grown by more than 3 000 in the six months to November. “Coal mining jobs are up 9% to 22 000 and... 

Australia to benefit from ‘TPP minus one’ free trade deal – MCA

By: Esmarie Swanepoel     22nd May 2017 The Minerals Council of Australia (MCA) has welcomed the revival of the Trans-Pacific Partnership (TPP), saying Australia would stand to gain significant economic benefits from the regional trade agreement. Eleven Asia-Pacific countries, including Australia, over the weekend agreed to revive the... 

Cape Lambert buys into Zambia cobalt project

By: Esmarie Swanepoel     22nd May 2017 ASX-listed Cape Lambert has signed a binding term sheet to acquire a 70% interest in the Kitwe cobalt/copper tailings project, in Zambia. Under the terms of the agreement, Cape Lambert will pay $25 000 on the execution of a term sheet to acquire a majority shareholding in Zambian firm Australian... 

Freeport Indonesia workers to strike for second month - union

By: Reuters     21st May 2017 An estimated 9 000 workers at the giant Grasberg copper mine operated by the Indonesian unit of Freeport McMoRan Inc will extend a strike for a second month, a union official said on Saturday, in an ongoing dispute over employment terms and layoffs. Freeport is at loggerheads with Indonesia over... 

Congo plans to reintroduce mining code revision next week

By: Reuters     19th May 2017 Democratic Republic of Congo's government plans to reintroduce legislation in Parliament next week to revise the mining code a year after withdrawing it amid fierce opposition from mining companies, the mines minister told Reuters on Friday. The government of Africa's largest copper producer... 

GM’s departure from SA will hurt suppliers, says Naacam

By: Irma Venter     19th May 2017 The decision by General Motors (GM) to pull out of South Africa will “have negative consequences on component suppliers to the company’s existing Chevrolet assembly lines”, says National Association of Automotive Component and Allied Manufacturers (Naacam) executive director Renai Moothilal. “We... 

BBI finds foundation project for Balla Balla

By: Esmarie Swanepoel     19th May 2017 Infrastructure developer BBI Group has struck a deal with the subsidiary of Mineral Resources, for an option to acquire the Weelumurra iron-ore project, in Western Australia. The project is some 15 km from BBI’s proposed Central Pilbara rail head and stock yard, and had the potential to be the... 

KZN coal mine supplying communities’ water needs and more, mulls output expansion 

By: Ilan Solomons     19th May 2017 The Zululand region of KwaZulu-Natal was afflicted by what the Department of Water and Sanitation described as the “worst drought in a century” in 2016 and is still one of the water-scarce areas of the country. Helping neighbouring communities survive this disaster, investment company Menar... 

Upgrades in pipeline for valve manufacturing facility

By: Marleny Arnoldi     19th May 2017 Since valves manufacturer AVK Southern Africa’s (AVK SA’s) acquisition of valves manufacturer Gunric in December last year, AVK has taken full control of Gunric’s manufacturing facility in Robertville, Gauteng.  

Valves association provides platform for training

By: Marleny Arnoldi     19th May 2017 With poor product design, poor selection and inefficient processes in the manufacture of valves becoming a concern, the South African Valve and Actuator Manufacturers Association (Savama) says there is a need for training to be emphasised to avoid this reality becoming entrenched.  

Weak economy continued to exact toll on new-vehicle sales in April

By: Irma Venter     19th May 2017 A tough economy and a slew of public holidays, meaning less selling days, both took their toll on domestic new-vehicle sales in April, which, at 34 956 units, were down 5 392 units compared with the same month last year. Sales numbers released by the Department of Trade and Industry show that new... 

South Africa’s foreign debt downgrade not the worst-case scenario  

By: Natasha Odendaal     18th May 2017 Despite the hype around the latest sovereign downgrades, South Africa has not hit rock bottom, nor has it experienced the worst-case scenario – a full downgrade to junk to include local currency debt ratings. Hanging in the balance, in particular, were the potential further downgrades of the... 

Oxford Instruments launches X-MET8000 Expert Geo - a new high-performance handheld XRF analyser for geochemical analysis throughout the mining process

     18th May 2017 Oxford Instruments has added the X-MET8000 Expert Geo to its successful range of X-MET8000 handheld XRF (X-ray fluorescence) analysers for geochemical analysis throughout the mining process, from the early stages of exploration to process waste analyses. X-MET8000 Expert Geo offers fast material... 

General Motors pulls out of SA, GMSA to become Isuzu Motors SA

By: Irma Venter     18th May 2017 US vehicle manufacturer General Motors (GM) on Thursday announced that it would disinvest from South Africa as part of a global restructuring process. GM South Africa (GMSA) sells the Opel, Isuzu and Chevrolet brands in South Africa. 

Afrimat to start production at Diro iron-ore mine by mid-year

By: Megan van Wyngaardt     18th May 2017 Construction company Afrimat expects to start production at its Diro iron-ore operations, in the Northern Cape, by mid-year. Afrimat CEO Andries van Heerden said during a media briefing on Thursday that the company was now in the process of refurbishing the business. “We have started... 

Zimbabwe plans $200m platinum refinery with Australia's Kelltech

By: Reuters     17th May 2017 Zimbabwe is planning to build a $200-million platinum refinery next year in a joint venture with Australia's Kelltech, the Mines Minister said on Wednesday. The Southern African nation holds the world's largest deposits of platinum after South Africa and has been pushing mining firms operating in... 

South Africa farm minister sees no land expropriation without payment

By: Reuters     17th May 2017 South Africa's ruling African National Congress (ANC) is not likely to approve any expropriation of land from white farmers without paying compensation, the agriculture minister said on Tuesday after President Jacob Zuma mooted such an idea. Faced with opposition mainly from ANC's urban base,... 

Absence of Eskom CEO rattles opening of African Utility Week 

By: Kim Cloete     16th May 2017 Despite great anticipation ahead of his address, reinstated Eskom CEO Brian Molefe did not open the annual African Utility Week, in Cape Town, as planned. The CEO was scheduled to be the keynote speaker at the opening plenary, attended by several thousand energy and water experts, but pulled out... 

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... 

South Africa grain group sees 3.5Mt maize surplus this year

By: Reuters     16th May 2017 South Africa producer group Grain SA expects a surplus of 3.5-million tonnes of maize when this season’s harvest is complete and aims to export all of it with orders in from Japan, South Korea and Taiwan, its chief executive said on Tuesday. South Africa will likely harvest 14.54-million tonnes... 

African Export Import Bank to invest up to $500m in Gambia

By: Reuters     16th May 2017 The African Export Import Bank (Afreximbank) will invest up to $500-million in Gambia, its president said, an economic boost to the impoverished West African country ostracized by investors under former president Yahya Jammeh. The money will go towards tourism, infrastructure and agriculture in... 

Australia and Hong Kong begin free trade agreement talks

By: Reuters     16th May 2017 Australia and Hong Kong began talks to secure a free trade agreement, Australia's trade minister Steven Ciobo said on Tuesday, saying the focus would be on securing increased access for service providers and it could be firmed up within a year. Ciobo, who met Hong Kong's Secretary for Commerce... 

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