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Glencore shoots lights out, mulls divi top-up, reaffirms South Africa

By: Martin Creamer     21st February 2018 Diversified mining and marketing company Glencore shot the lights out with a superlative set of 2017 results that coincided with a leap in its share price in Johannesburg, the reaffirmation of South Africa as an even more positive investment destination, and the mulling of a dividend "top up"... 

Seifsa worried about potential impact of proposed US steel import tariff increases

By: Megan van Wyngaardt     20th February 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has warned that the difficulties facing the local steel industry would continue to worsen in the year ahead if the US Department of Commerce's recommendation for a tariff of at least 53% on all steel imports from 12... 

Po Valley declares maiden reserve for Teodorico

By: Creamer Media Reporter      19th February 2018 Australia’s Po Valley Energy, which is in the process of selling its Italian operations to Aim-listed Saffron Energy, has declared a maiden 2P reserve of 36.5-billion cubic feet of gas at the Teodorico gasfield, offshore Italy. Teodorico has the largest gas in place of all of Po Valley’s... 

Russian views on the future of civil aeronautics

By: Rebecca Campbell     16th February 2018 People are concerned about noise, emissions and safety. We are working to make aviation safer, greener and more comfortable for people,” highlighted Professor Sergey Chernyshev, general director of Russia’s renowned Central Aerohydrodynamic Institute (much better known in English by the... 

Russian views on the future of civil aeronautics

By: Rebecca Campbell     16th February 2018 “People are concerned about noise, emissions, and safety. We are working to make aviation safer, greener and more comfortable for people,” highlighted Professor Sergey Chernyshev, General Director of Russia’s renowned Central Aerohydrodynamic Institute (much better known in English by the... 

Global aeronautics body promoting networking among young researchers

By: Rebecca Campbell     9th February 2018 The International Forum for Aviation Research (IFAR) is seeking to develop international interactions between young professionals working in both technical and non-technical areas of aviation research around the world. This initiative is described as “early career networking” and is a focus area... 

Master Drilling unveils novel mobile tunnel boring system at Indaba

By: Mia Breytenbach     6th February 2018 JSE-listed Master Drilling has launched its new South African-developed mobile tunnel boring system, which is suitable for the excavation of various types of tunnels. Master Drilling executive director Koos Jordaan explained at the unveiling of the system at the Investing in African Mining... 

Modular solutions for small chlorine plants from thyssenkrupp

     30th January 2018 Thyssenkrupp Industrial Solutions’ modular skid mounted chlorine plants offer a cost-effective and practical solution to industries on the African continent who require small chlorine alkali plants for applications such as water treatment and mineral processing. Bruce Bassett, Process Industries... 

Cities turn to digital solutions to solve service delivery problems

By: Schalk Burger     26th January 2018 Digital technologies are providing cities worldwide, including several in Africa, with a new set of tools to improve service delivery and bolster social and economic inclusion. The smart city movement focuses on how technology can serve citizens and how it can make cities more equal and provide a... 

Cities turn to digital solutions to solve service delivery problems

By: Schalk Burger     26th January 2018 Digital technologies are providing cities worldwide, including several in Africa, with a new set of tools to improve service delivery and bolster social and economic inclusion. The focus of the smart city movement is how technology can serve citizens, how it can make cities more equal and provide... 

Global crude steel output up 5.3% y/y in 2017

By: Schalk Burger     25th January 2018 Global crude steel production increased by 5.3% year-on-year to 1.69-billion tonnes in 2017. Output increased in all regions except for the Commonwealth of Independent States, where production remained flat at about 102.1-million tonnes, the World Steel Association reported this week. 

EM brings high-resolution ‘plug-and-play’ thermal transfer printer to SA

     25th January 2018 The high-resolution, ‘plug-and-play’ Cembre Markingenius MG3 thermal transfer printer can produce thousands of tags – using just three plates – for cables, pipes, and tubes. It is now available in South Africa through leading distributor ElectroMechanica (EM). Manufactured in Italy, the... 

Po Valley sells Italy operations subsidiary to Saffron Energy

By: Megan van Wyngaardt     23rd January 2018 Perth-based Po Valley on Tuesday signed a binding share sale and purchase agreement with Aim-listed Saffron Energy, under which the latter would acquire onshore and offshore oil and gas production, development and exploration assets in northern Italy held by Po Valley Operations (PVO). Subject to... 

Po Valley makes significant commercial gas discovery in Italy

By: Megan van Wyngaardt     19th January 2018 Shares in Australia’s Po Valley Energy (PVE) surged on Friday, reaching an intraday high of 10c each, up from the previous day’s closing price of 4c each, following the news of significant commercial discovery at its new Selva gas field in northern Italy. By 16:00 in Sydney, the stock traded at... 

Nigeria passes major oil reform bill after 17 year struggle

By: Reuters     19th January 2018 Nigeria has moved closer to turning an oil industry bill into law after a 17 year struggle to complete the legislation which aims to increase transparency and stimulate growth in the country's oil industry. Nigeria' lower house of parliament has passed a version of the bill which is the same as... 

Millennials snubbing diamonds has hedge fund seeing slump deepen

By: Bloomberg     19th January 2018 Diamonds are set to slump further, according to a hedge fund whose bet on marijuana made it the world’s best performer in 2016. Prices of the precious gem may slump as much as 10% this year as it loses appeal with younger consumers and faces challenges from synthetic alternatives, said... 

Palermo–Catania railway line – Bicocca–Catenanuova section, Italy

By: Sheila Barradas     19th January 2018 Rete Ferroviaria Italiana is expanding the 38 km Bicocca and Catenanuova section of the Palermo–Catania railway line. 

Nigeria moves closer to turning long-awaited oil bill into law

By: Reuters     18th January 2018 Nigeria moved closer to turning the first part of a long-awaited oil industry bill into law after the lower house passed the same version of the legislation approved by the Senate last year, a lawmaker in the House of Representatives said on Thursday. It is the first time both houses have... 

New ‘disruptive’ mine borer heads for Indaba unveiling

By: Martin Creamer     18th January 2018 A new Proudly South African mine tunnel borer that requires no blasting, delivers higher production advances, comes with a collaboration imprimatur and can be retrofitted to existing operations, will be unveiled at next month’s Mining Indaba in Cape Town and commissioned in the third quarter of... 

Congo Republic plans to join Opec oil cartel

By: Reuters     18th January 2018 Congo Republic plans to join the Opec oil cartel, the government said, as the former French colony presses ahead with projects that could help it become the third-largest oil producer in sub-Saharan Africa. "The Republic of Congo has decided to accede to the Organization of the Petroleum... 

WEF 2018 meeting to feature record number of world leaders

By: African News Agency      18th January 2018 A record number of heads of state, government and international organisations, as well as leaders from business, civil society, academia, the arts and media, are set to attend the World Economic Forum’s (WEF) 48th annual meeting taking place in Davos-Klosters, Switzerland, from January 23 to 26.... 

Seifsa warns US antidumping duties could hurt local steel industry

By: Megan van Wyngaardt     12th January 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is worried about the potential impact on the local steel industry of the US Department of Commerce’s (DoC’s) affirmative final determinations in an antidumping duty investigation into imports of carbon and alloy steel... 

M&A markets remain resilient despite geopolitical risks

By: Megan van Wyngaardt     14th December 2017 Despite the growth in global geopolitical risks, merger and acquisition (M&A) markets continued to prove highly resilient, with a 19% year-on-year increase recorded in the number of deals valued at between $1-billion and $5-billion, international law firm Allen & Overy’s (A&O’s) latest M&A... 

Germany favours Eurofighter as it seeks to replace Tornado

By: Reuters     12th December 2017 The German Defence Ministry said on Monday that the European fighter jet was the leading candidate to replace its Tornado jets, which it wants to start phasing out in 2025. The ministry’s position appears to contradict that of the German air force, whose chief indicated last month that he... 

Morocco announces auto industry deals worth $1.45bn

By: Reuters     12th December 2017 Morocco said on Monday it had signed deals for 26 auto industry projects worth a total of €1.23-billion ($1.45-billion) as it seeks to build its position as an international hub for the sector. The deals include six agreements with French company Renault to expand an "industry ecosystem" allowing... 

CoreSlab behind cost-effective and efficient projects

     11th December 2017 CoreSlab, a leading precast concrete specialist, has participated in many successful private- and public-sector building projects. Importantly, the company’s precast concrete systems have allowed professional teams to accelerate construction times and provided cost-savings for property... 

Alta Zinc says updated resource estimate supports growth strategy

By: Creamer Media Reporter      8th December 2017 ASX-listed Alta Zinc, formerly Energia Minerals, has updated the mineral resource estimate for the Colonna Zorzone deposit at its Gorno zinc project, in northern Italy.The resource estimation revision, which was commissioned to include all drilling results obtained to date, primarily focused on... 

The “Kids” Of The MB Crusher Family

     7th December 2017 Waste and residues - once materials to be disposed of - are now transformed by MB into a new source of profit, with significant environmental benefits. Until recently, nobody had thought of this. Then along came MB Crusher, who designed and produced machinery that transforms loaders, skid loaders... 

Banding & ID Solutions SA represents Africa at UK sales conference

     4th December 2017 Banding & Identification (ID) Solutions South Africa was the only African representative at the recent EMEA sales conference in early October, organised by Band-It UK. In attendance were Senior Sales Representative Matthew Campbell and Sales Director Rosa Dos Remendos. The conference was hosted... 

Playing Games At Work Pays Off For South African Team In Global Challenge

     1st December 2017 A team of South African supply chain professionals recently proved that playing games at work can get you far; in this case, as far as Lisbon, Portugal, for the global finals of “The Fresh Connection Challenge”, an innovative business simulation game that is delivering big benefits for companies... 

Tel Aviv Tramway Red Line signalling project, Israel

By: Sheila Barradas     1st December 2017 NTA Metropolitan Mass Transit System has signed a contract with Alstom for the signalling project. 

AfDB launches youth advisory group to tackle joblessness

By: African News Agency      28th November 2017 The President of the African Development Bank Group (AfDB) in Côte d'Ivoire, Akinwumi Adesina, has launched the Presidential Youth Advisory Group (PYAG) to provide insights and innovative solutions for job creation for Africa’s youth. In a statement on Tuesday, AfDB said the “Jobs for Youth in... 

Tax, spend, squander provide toxic backdrop for nuclear plans

By: Keith Campbell     24th November 2017 On November 7, France ran out of money. Or, rather, France ran out of its own money; that is, it ran out of all the money the French State had gathered in taxes and other imposts. Between November 7 and December 31, the French State is running on borrowed money. This fascinating calculation was... 

De Beers Group Announces Shining Light Awards Finalists For 2016/2017

     21st November 2017 Awards support emerging jewellery designers from southern Africa De Beers Group is pleased to announce the nine regional finalists in this year’s Shining Light Awards, which recognise emerging jewellery designers in Botswana, Namibia and South Africa and provide them with a valuable platform to... 

400 emergency shutdown valves supplied to Oman petrochemicals project

     10th November 2017 Industrial product supplier Metso supplied 400 industry-leading Neles emergency shutdown (ESD) valves for an ethylene cracker as part of the new Liwa Plastics Industrial Complex (LPIC) project in Oman. The new complex will process light ends produced in State-owned oil company Oman Oil Refineries... 

SA enterprise catches up with global counterparts on IT security

     7th November 2017 The IT security concerns, challenges and investment by South African enterprises is closely aligned with those of their international counterparts, according to a new global survey by network security specialists Fortinet. “Where as recently as two years ago, South Africa lagged the rest of the... 

Global airline association predicts air passenger traffic to double by 2036

By: Keith Campbell     3rd November 2017 The International Air Transport Association (IATA) has forecast that 7.8-billion people will travel by air in 2036. This will amount to a nearly 100% increase over the figure of 4-billion air passengers expected for this year. This projection is based on a average compound annual growth rate... 

PO Valley welcomes new investor in Italy

By: Esmarie Swanepoel     1st November 2017 ASX-listed gas producer Po Valley Energy has welcomed a new project partner to its Podere Gallina project, in Northern Italy. The company has inked a farm-in agreement with Aim-listed Prospex Oil and Gas, which would see the London-listed company earn a 17% interest in the license in exchange... 

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