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Court says Colombia votes cannot block mining, oil projects

By: Reuters     12th October 2018 Colombia's constitutional court on Thursday ruled that local referendums that ban mining and oil extraction cannot halt energy projects, after a raft of votes spooked multinational companies. A wave of environmentally focused anti-mining referendums over the past 18 months have worried... 

Polymer Concrete Market Growing At 3.5% CAGR To Reach USD 600 Million By 2025

12th October 2018 According to a new research report by Global Market Insights, Inc. Polymer Concrete Market size is forecast to exceed USD 600 million by 2025. High polymer prices may prove to become a obstacle in the growth of the polymer concrete market. Few resins, fibers or acrylates that are added to the... 

Europe placed to contribute to African growth story

12th October 2018 Southern Africa is today off the radar of the majority of European companies and the many opportunities offered by the region are still largely ignored by European Union (EU) business leaders, professional consulting group European House Ambrosetti senior partner Paolo Borzatta said at a media... 

ACSA reports fall in earnings in line with lower aeronautical charges

By: Rebecca Campbell     12th October 2018 The Airports Company South Africa (ACSA), one of the few South African State-owned companies that has been able to keep itself financially healthy, reported recently that, despite declines in its revenues, profits, and earnings before interest, tax, depreciation and amortisation (Ebitda), it was... 

What’s changed and what remains the same 20 years after the launch of Google Search?

By: Natasha Odendaal     12th October 2018 As Google Search celebrates its twentieth year, the local division has revealed how South Africans use search, the significant surge in searches and overhauls underway to improve the popular feature. Google has experienced significant growth over the past two decades, starting from an offering in... 

Wind body to request smoothing of procurement profile in IRP submission

By: Terence Creamer     11th October 2018 The South African Wind Energy Association (SAWEA) will appeal for a “smooth rolling procurement” of new wind-energy capacity in its response to the draft Integrated Resource Plan (IRP 2018) so as to close a three-year procurement gap in the current document. The Draft IRP 2018 was released on... 

Opec sees weaker demand for its crude next year as rivals surge

By: Bloomberg     11th October 2018 Opec is under intense pressure right now from consumers to ease prices by pumping more crude, but for 2019 it sees a more doubtful picture. The cartel cut its estimate for global demand for its crude next year due to weakening economic growth and higher output from rivals, notably US shale... 

ASCCI initiates revitalised approach to promoting localisation

10th October 2018 Localisation is a critical tool for industrial development, and as the national co-ordinating body, Automotive Supply Chain Competitiveness Initiative (ASCCI) aims to advance its localisation agenda through activities which support successful localisation of components in the South African... 

Indian State miners to form JV for power projects

By: Ajoy K Das     10th October 2018 Two of India’s largest State-run miners, Coal India Limited (CIL) and NLC Limited (formerly Neyveli Lignite Corporation Limited), have announced a joint venture (JV) to combine their respective strengths to implement thermal and renewable energy projects. According to mandatory filing with the... 

Technology cost assumptions used to produce IRP explained 

By: Terence Creamer     9th October 2018 An experienced electricity system modeller has corrected a suggestion that the draft 2018 Integrated Resource Plan (IRP 2018) uses levelised cost assumptions for the various generation technologies tested, explaining that overnight capital cost assumptions for each technology are key inputs. The... 

Chile eyes new copper markets to shield economy from trade war

By: Reuters     9th October 2018 Chile aims to find new copper markets and expand its lithium industry as it seeks to shield its economy from a US.China trade war, the mining minister of the world's biggest copper producer said on Monday. Baldo Prokurica also told Reuters the South American nation was considering further... 

India’s High Commission co-sponsors artisan centre of specialisation

By: Schalk Burger     8th October 2018 The High Commission of India and the Department of Higher Education and Training (DHET) on Monday jointly launched a centre of specialisation at the Tshwane South technical and vocational education and training college to train electricians, boilermakers, mechanical fitters and millwrights, the... 

Turkey puts import quotas on steel – WTO filing

By: Reuters     8th October 2018 Turkey will introduce quotas on the amount of steel it imports from Oct. 17, with an additional 25% duty on any imports above the quotas, it said in a filing published by the World Trade Organization on Monday, blaming a surge in imports. It said it had begun investigating the case for emergency... 

India to auction 102 mineral blocks in next six months

By: Ajoy K Das     8th October 2018 In one of the most aggressive moves yet to monetise natural resources, India’s Mines Ministry is pushing to auction 102 mineral blocks in the next six months of current financial year. The Ministry’s new thrust to complete the auctions by March 31, 2019 can be gauged from the fact that since... 

India's aluminium makers win Japan sales in market shake-up

By: Reuters     8th October 2018 Indian aluminium makers including Hindalco Industries and Vedanta Ltd are boosting sales to Japan as US sanctions against Russia's Rusal and import tariffs shake up traditional supply routes. India's product has generally not been regarded as high enough quality by Japan's demanding buyers, who... 

Vitol, Trafigura to bid for coal mines once owned by Guptas

By: Bloomberg     5th October 2018 Commodities traders Vitol Group and Trafigura Group have entered the bidding process for South Africa’s Optimum Coal, a miner under bankruptcy protection that was once controlled by the Gupta family. The interest from two of the biggest commodities trading houses underscores the strategic value... 

Balking miners jeopardise $2.8bn Mozambican coal rail

By: Bloomberg     5th October 2018 A plan to develop a $2.8-billion railway and port to ferry coal in Mozambique may collapse because miners are balking, according to the man trying to build it. Failing to get the project off the ground would deprive the southern African country of a source of revenue it’s come to rely on as it... 

India’s Mines Ministry pushes for governance of minor mineral sector

By: Ajoy K Das     5th October 2018 India’s Mines Ministry is pushing 21 mineral bearing states to bring about better organisation and governance of the fragmented minor mineral sector, plagued by illegal mining and major law and order issues. The Mines Ministry has convened a meeting of all these states next week, to take stock... 

Fresh blow for emerging markets as rising oil hits importers

By: Bloomberg     4th October 2018 For years, higher oil prices have stoked gains in emerging-market currencies. But now, Brent crude’s rally to a four-year high is beginning to hurt them. Crude-oil futures rose above $85 a barrel this week for the first time since 2014 as concern about shrinking Iranian exports outweighed higher... 

Rio is hunting deals, discoveries for 'beautiful' diamonds unit

By: Bloomberg     4th October 2018 Two of the world’s top diamonds producers are both shopping for deals, with Rio Tinto following De Beers in hunting for projects to replace aging operations and position for an improving global market outlook. Rio is actively looking for more acquisitions after making a small investment in a... 

South Africa's service industry looks to cash-in on Brexit uncertainty

By: Reuters     3rd October 2018 South Africa’s burgeoning call services sector, which gets more than half its work from Britain, could attract larger inflows as the impact of Brexit weighs and firms seek savings by moving operations offshore, industry officials said on Wednesday. Cultural affinity, good English language skills... 

IRP 2018 suffers from major errors, affirms nuclear analyst 

By: Rebecca Campbell     3rd October 2018 South Africa's Integrated Resource Plan (IRP) 2018 contained serious flaws which significantly undermined confidence in its recommendations. So affirmed University of the Witwatersrand Honorary Research Fellow and South African Network for Nuclear Education, Science and Technology National... 

ITE's emerging market hit takes shine off Mining Indaba deal

By: Reuters     3rd October 2018 Exhibition organiser ITE said it would buy Mining Indaba, the world's largest mining investment conference, from Euromoney, but added that the fall in the Russian rouble, Brazilian real and Turkish lira would hurt 2019 results. The warning took the shine off the Mining Indaba deal, which analysts... 

Poland makes biggest gold purchase since 1998 as prices slump

By: Bloomberg     2nd October 2018 Poland is making a rare charge into gold. The country added about nine metric tons to its bullion reserves in July and August as prices dropped, International Monetary Fund data show. That’s Poland’s biggest purchase since 1998 and among the largest additions by a European Union nation since then. 

Alrosa’s Hong Kong large diamond sale yields $10.7m

By: Mariaan Webb     2nd October 2018 Russia's Alrosa has sold 136 gem-quality diamonds, with a total weight of 2 234 ct, for $10.7-million at an auction in Hong Kong. The sale included 25 fancy yellow diamonds, weighing 440 ct. 

Tullow Oil optimistic about prospects in Africa

By: Kim Cloete     2nd October 2018 Oil and gas exploration and production company Tullow Oil has outlined its sharper and deeper focus on Africa, with upbeat outlooks for its projects in both West and East Africa.   Despite a shift to cleaner energy and alternative energy sources, Tullow Oil also believes there will be strong... 

Australia resources exports heading for record; country takes lithium crown

By: Esmarie Iannucci     2nd October 2018 Australia’s resources and energy exports are forecast to hit a record high of A$252-billion in 2018/19, helped along by a decline in the Australian dollar over the past quarter. In its newest Resources and Energy Quarterly, the Office of the Chief Economist notes that the new outlook had been... 

Gemfields in strong position to support planned growth

By: Simone Liedtke     28th September 2018 Gemfields Group Limited (GGL) is now in a strong position to support the planned growth of its underlying mining operations in Zambia and Mozambique, as well as to further develop its Faberge business and progress its bulk sampling in Ethiopia, it said in a report to shareholders for the six... 

Indian aluminium producers seek higher import barriers

By: Ajoy K Das     28th September 2018 Indian domestic aluminium refiners are seeking tariff and non-tariff barriers to stem the rising tide of imports of the base metal into the country, which has led to lower sales by local metal producers. Major integrated aluminium refiners in the country, including State-run National Aluminium... 

India copper imports surge

By: Ajoy K Das     28th September 2018 Almost a third of India’s domestic demand for copper is being met through imports with local copper refiners facing a challenge to meet this cheaper inflow of the base metal into the country. “There has been a surge in copper imports particularly from countries that have signed free trade... 

Venezuela, Iran uncertainties push back ONGC Videsh listing plans

By: Ajoy K Das     28th September 2018 Uncertainties over its assets in Venezuela and Iranian projects will push back the listing of ONGC Videsh. The wholly owned overseas investment arm of Indian national oil exploration and production (E&P) major, ONGC Limited has maintained that with its ventures in Venezuela and Iran in a limbo,... 

Manufacturer keeps up with increasingly complex orders

28th September 2018 As manufacturing becomes more specialised, manufacturing companies have to keep up with customers’ changing demands with regards to complexity of manufactured parts as well as functionality and the aesthetic appeal of the product. South African arm of Germany-based metallurgical plant and rolling... 

Musings on the local aerospace and defence industries

By: Rebecca Campbell     28th September 2018 Last week saw the latest edition of Africa Aerospace and Defence, still the continent’s premier exhibition in this sector, attracting exhibitors and visitors from all over the world. And, naturally, drawing one’s thoughts to the state of the closely related but not identical aerospace and defence... 

Lakhwar multipurpose project, India

By: Sheila Barradas     28th September 2018 The project entails the proposed installation of a 300 MW power plant. 

Wire rod mill project, India

By: Sheila Barradas     28th September 2018 A contract has been awarded for the supply and installation of a two-strand wire rod mill in Toranagallu. 

NMDC firms up capex for next two financial years

By: Ajoy K Das     27th September 2018 India’s largest iron-ore miner, NMDC, has earmarked a capital expenditure (capex) of $902-million over the next two financial years. NMDC has committed this investment even as the miner is on verge of starting commercial production of its three-million-ton greenfield steel plant in the central... 

Unbalanced trade heightens inequality – Unctad

By: Tasneem Bulbulia     26th September 2018 Trade under hyperglobalisation has failed to foster broad-base structural change in developing countries and has contributed to increased worldwide inequality, the United Nations Conference on Trade and Development (Unctad) says. Its Trade and Development Report for 2018, entitled ‘Power,... 

EU regulators to rule on Thyssenkrupp, Tata Steel venture by Oct 30

By: Reuters     26th September 2018 European Union (EU) antitrust regulators will decide by October 30 whether to allow Germany's Thyssenkrupp and India's Tata Steel to create Europe's No. 2 steelmaker, the European Commission said on Wednesday. The companies unveiled their plan for a steel joint venture in July after two years of... 

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