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No future(s): Asian financial coal trading dries up as Noble declines, Glencore rules

By: Reuters     23rd October 2017 Financial trading of thermal coal has virtually ceased in Asia as a result of the woes at one major trading house and the growing dominance of another, despite the region being by far the world’s biggest consumer of the fuel. Asia gobbles up some 70% of all coal used for power generation, and the... 

Production version of Honda concept EV set for Europe launch in 2019

By: Irma Venter     29th September 2017 Honda has revealed an all-new electric vehicle (EV), the Urban EV Concept, at the 2017 Frankfurt Motor Show. The concept car is built on a completely new platform, and sets the direction for the technology and design that will appear on a future battery electric Honda production model. 

Korean group may introduce new heavy-duty truck to SA market

By: Irma Venter     22nd September 2017 Hyundai Automotive South Africa (HASA) is testing the Xcient heavy-duty truck for possible introduction into the South African new-vehicle market. HASA CEO Niall Lynch says the truck, with a gross vehicle mass of 36.6 t, is undergoing road tests within Imperial Logistics. 

Honda previews 2019 electric car, showcases revenue opportunity for EV owners

By: Irma Venter     12th September 2017 Honda has revealed an all-new electric vehicle (EV), the Urban EV Concept, at the 2017 Frankfurt Motor Show. The concept car is built on a completely new platform, and sets the direction for the technology and design that will appear on a future battery electric Honda production model. 

Hyundai SA mulls heavy truck introduction, awaits 2019 small SUV

By: Irma Venter     21st August 2017 Hyundai Automotive South Africa (HASA) is testing the Xcient heavy-duty truck for possible introduction into the South African new-vehicle market. HASA CEO Niall Lynch says the truck, with a gross vehicle mass of 36.6 t, is undergoing road tests within Imperial Logistics. 

New branding, again, for SA’s premier motoring event

By: Irma Venter     18th August 2017 From Auto Africa, to the Johannesburg International Motor Show, to the Festival of Motoring, to the South African (SA) Motoring Experience . . . In an effort to seek increased support from cost-conscious motor manufacturers and consumers, South Africa’s premier motoring event has again been... 

US embassy welcomes new Consul General in Johannesburg

By: Anine Kilian     4th August 2017 Michael McCarthy has been appointed Consul General to to lead the US Consulate General in Johannesburg. “Our consulates serve as essential elements of our diplomatic mission here in South Africa, promoting trade, building business ties, facilitating security cooperation and delivering consular... 

Goldcorp acquires all outstanding Exeter shares

By: Anine Kilian     3rd August 2017 After securing an 80.5% interest in TSX-listed Exeter Mining in June, Canadian gold mining major has acquired the remaining issued and outstanding Exeter shares for 0.12 of a common share of Goldcorp for each outstanding Exeter share. Dual-listed Goldcorp will issue an aggregate of up to... 

The nine lives of a South African auto show

By: Irma Venter     5th July 2017 From Auto Africa, to the Johannesburg International Motor Show, to the Festival of Motoring, to the South African (SA) Motoring Experience . . . In an effort to seek increased support from cost-conscious motor manufacturers and consumers, South Africa’s premier motoring event has again been... 

Automotive sector remains relevant in volatile market

By: Natasha Odendaal     29th June 2017 While South Africa works its way through the impact of the latest economic headwinds, the automotive sector is holding its own in a volatile market, Econometrix director and chief economist Dr Azar Jammine said on Wednesday. Despite an expected contraction in domestic vehicle production and sales... 

Vault building booms as gold lures investors in turbulent world

By: Bloomberg     7th June 2017 From safety-deposit boxes in leafy west London to high-security facilities housing gold and silver in Frankfurt, companies that store valuables are expanding to meet demand. A rush into haven assets that began during the financial crisis is getting a new lease on life from an upsurge in populist... 

Australian gold explorer lists in Frankfurt

By: Creamer Media Reporter      2nd June 2017 Australian gold and manganese explorer Spitfire Minerals has confirmed the listing of its shares on the Frankfurt Stock Exchange. The listing is expected to help increase trading liquidity and to open up potential investment in Spitfire by institutional and retail investors in Germany and... 

Gold less prone to turmoil as ETF cash eases price swings

By: Bloomberg     9th May 2017 In times of trouble, gold has long been a popular haven for investors expecting that more volatility will increase the value of the commodity. But lately, it’s taking more than threats of war or terrorist attacks to get much of a reaction from the bullion market. Price swings for the precious... 

Surging copper stockpiles point to concerns over global demand

By: Bloomberg     5th May 2017 Another surge in copper stockpiles tracked by the world’s top base-metals bourse is reigniting concerns about demand for the material that’s often viewed by investors as a bellwether for the global economy. A 40% jump in inventories monitored by the London Metal Exchange in just three days comes... 

Russian mining tycoons eyeing return to London's stock market

By: Bloomberg     26th April 2017 For three years, Russian companies retreated from the London stock market. Now, a pair of oil and mining-billionaires is hoping to break the drought. En+ Group, owned by aluminium magnate Oleg Deripaska, and Polyus PJSC, a gold producer controlled by the family of Suleiman Kerimov, are planning... 

Frankfurt Airport seeks to increase its business with South Africa

By: Keith Campbell     10th March 2017 Germany’s number one international airport, Frankfurt, is seeking to increase its two-way air cargo trade with South Africa. This was highlighted at a media briefing at the recent 2017 Air Cargo Africa conference in Kempton Park, east of Johannesburg, by Fraport AG’s executive board member and... 

Frankfurt Airport aims to increase its business with South Africa

By: Keith Campbell     23rd February 2017 Germany’s number one international airport, Frankfurt, is seeking to increase its two-way air cargo trade with South Africa. This was highlighted at a media briefing at the 2017 Air Cargo Africa conference in Kempton Park, east of Johannesburg, by Fraport AG chief operating officer Anke Giesen.... 

Yellen can't halt Trump gold rally that funds bet against

By: Bloomberg     20th February 2017 They should’ve had more faith. Hedge funds reduced their wagers on a bullion rally for the first time in three weeks, just before prices neared a two-month high and capped a third straight week of gains. Not even Federal Reserve Chair Janet Yellen’s outlook for higher US interest rates has been... 

ETF buyers return to precious metals as Trump turmoil sows angst

By: Bloomberg     31st January 2017 Add the flap over US immigration policy to investor concerns that are reigniting demand for precious metals as havens. Long-only exchange-traded funds backed by precious metals have attracted about $200-million this month, on course for the first monthly inflow since October, data compiled by... 

Lufthansa's year-round Frankfurt-Cape Town route launched

By: Anine Kilian     2nd December 2016 International airline Lufthansa’s new direct year-round flight between Frankfurt and Cape Town is scheduled to arrive in Cape Town on Saturday morning. Passengers on this flight will enjoy a newly retrofitted Airbus A340-300, which boasts 279 seats and offers the airline’s new intercontinental... 

Concept Laser will be showing innovation on all levels at formnext powered by TCT

     29th August 2016 Sales launch of the new machine architecture Innovations in the small and large machine segment Expansion of the range of materials announced The AM scene awaits the second edition of formnext powered by TCT in Frankfurt a. Main (November 15-18, 2016) with great excitement. It is already... 

Cape Town on track to be the start-up capital of Africa, says Wesgro

By: Kim Cloete     18th August 2016 Cape Town is pushing beyond its tourist image with a drive to be seen as the start-up capital in Africa. “We’re incredibly excited about Cape Town becoming a destination for young people around the world. Cape Town has become Africa’s largest start-up scene,” Wesgro CEO Tim Harris told delegates... 

LSE says Brexit may erode trading volume

By: Bloomberg     4th August 2016 LSE Group said the UK’s decision to leave the European Union may eventually damage investor confidence and weigh on trading. “There is a broad range of possible outcomes resulting from this vote which has created uncertainty in the markets,” LSE said Thursday in a statement while reporting a gain... 

Wallbridge reports 26% resource increase at Fenelon acquisition

By: Henry Lazenby     15th July 2016 Explorer Wallbridge Mining has received an updated mineral resource estimate outlining a 26% increase in the contained ounces in the Discovery Zone on the Fenelon property, in Quebec, which Wallbridge is in the process of acquiring from Balmoral Resources for C$3.6-million. TSX- and... 

Rotary vane reduces energy consumption

     8th July 2016 Vacuum pumps, blowers and compressors manufacturer Busch Vacuum Pumps and Systems presented its new series of energy saving rotary vane vacuum pumps, for the first time at the IFFA exhibition in Frankfurt, Germany in May. The new pumps are designed specifically for fast packaging cycles and for... 

Coal woes don’t deter German bet on first Polish mine since ’70s

By: Bloomberg     5th July 2016 A German coal trader is unfazed by decade-low coal prices that pushed producers into bankruptcy as it seeks to open Poland’s first mine in four decades. HMS Bergbau AG plans to invest more than 100-million euros ($111-million) to begin output from a mine in southern Poland by 2018, Dennis... 

Gold rises most since 2008 crisis as investors seek Brexit haven

By: Bloomberg     25th June 2016 Gold surged the most since the height of the 2008 global financial crisis after the UK voted to exit the European Union, causing turmoil across markets and boosting haven demand. Bullion jumped as much as 8.1% and futures trading volume was double the average for this time of day. As the pound... 

Gold sees biggest gain since 2008 in rush for havens from Brexit

By: Bloomberg     24th June 2016 Gold rallied the most since the global financial meltdown of 2008 after the UK voted to leave the European Union, sending markets into a tailspin and investors piling into haven assets. Bullion for immediate delivery jumped as much as 8.1%, the most since 2008, and traded at $1 322.88 an ounce as... 

Gold pinned to Brexit angst as traders see $1 350 if leave wins

By: Bloomberg     16th June 2016 Polls show Britons will vote next week to exit the European Union, and that has gold traders betting the precious metal will be a lot more valuable. Prices will rally to the highest in two years if the so-called Brexit campaign succeeds on June 23, reaching $1 350/oz within a week of the vote –... 

Trans-European Transport Network project, European Union

By: Sheila Barradas     1st April 2016 The project will remove bottlenecks, upgrade infrastructure and streamline crossborder transport operations for passengers and businesses throughout the European Union. 

Fission closes strategic C$82m investment by China’s CGN Mining

By: Henry Lazenby     26th January 2016 Canadian explorer Fission Uranium has closed a strategic C$82.22-million financing with Chinese investor CGN Mining, marking the first time a Chinese company has invested directly in a Canadian uranium company. TSX- and Frankfurt-listed Fission had issued 96.7-million shares to CGN at C$0.85 apiece. 

Permasteelisa Supports Foster & Partners In The Exhibition “Architecture, Urbanism, Innovation” In Tokyo

     19th January 2016 The exhibition will be open at the Mori Art Museum in Tokyo until 14th February 2016, with a showcase of more than 50 projects completed by the architecture firm over the years. The large-scale exhibition “Architecture, Urbanism, Innovation”, currently running in Japan at the Mori Art Museum in... 

Access to global cloud providers available at Teraco through Internet Solutions’ CloudConnect

     24th November 2015 Internet Solutions, a pan-African communications service provider, has connected at Teraco, a vendor neutral data centre provider in South Africa, enabling clients to have a secure connection and single point of access to Google, Amazon Web Services, Dimension Data Cloud and Microsoft Azure and... 

Hydra-Arc

     27th October 2015 Hydra-Arc, initially established in 1987 to source and supply welding and maintenance skills for Sasol shutdowns, has now established Sky-Hill Heavy Engineering, a facility for the fabrication of pressure vessels, heat exchangers, piping spools, structural steel and mechanical installations. SA... 

South Africa to remain integral to BMW’s global production network

By: Irma Venter     2nd October 2015 German premium automaker BMW earlier this month confirmed that it was well advanced in its planning for the production of a new model at its South African plant, set to kick off when the current 3 Series reached the end of its lifecycle. BMW was steadily “progressing to an announcement”, said BMW... 

BMW in planning phase for new model at Rosslyn plant

By: Irma Venter     16th September 2015 German premium automaker BMW this week confirmed that it was well advanced in its planning for the production of a new model at its South African plant, set to kick off when the current 3 Series reached the end of its life cycle. BMW was steadily “progressing to an announcement”, said BMW sales... 

SA fabrication specialist looks to the global market

     8th September 2015 Hydra-Arc, initially established in 1987 to source and supply welding and maintenance skills for Sasol shutdowns, has now established Sky-Hill Heavy Engineering, a facility for the fabrication of pressure vessels, heat exchangers, piping spools, structural steel and mechanical installations.... 

Japan Eyes Africa as the New Investment Frontier, says Frost & Sullivan

     27th August 2015 Convergence across industries is resulting in the rapid emergence of new business models as well as substantial investment opportunities for the African continent. As Frost & Sullivan Senior Partner, Dorman Followwill, highlighted in his opening presentation at the Growth Innovation Leadership... 

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