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Anadarko seeks to raise $14bn to $15bn for Mozambique LNG project

By: Reuters     18th May 2018 Anadarko Petroleum is seeking to raise a record $14-billion to $15-billion from banks and export credit agencies for its huge liquefied natural gas (LNG) project in Mozambique, sources close to the matter said. Fast-growing gas demand from China and Southeast Asia is reassuring export project... 

The Just Transition debate in South Africa

By: Saliem Fakir     18th May 2018 South Africa is the only country that explicitly includes in its Nationally Determined Contributions (NDCs) a mention of the Just Transition – this is as far as I know.   The issue of a just transition raised its head recently when the National Union of Metalworkers South Africa (Numsa) and a... 

Hydrogen Epoch of Reionisation Array project, South Africa

By: Sheila Barradas     18th May 2018 The telescope is creating a favourable impression for the way it has involved the local community and boosted the local economy.  

Farnese blue diamond, with 300-year royal history, fetches $6.7m

By: Reuters     16th May 2018 The Farnese Blue diamond, which was passed down through European royal families for 300 years, sold at auction in Geneva on Tuesday for 6.7-million Swiss francs ($6.7-million), beating auctioneers Sotheby's estimate of 3.5-million to 5-million Swiss francs. The 6.16 ct, dark grey-blue gem from... 

thyssenkrupp secures EP contract for first skid-mounted chlorine plant in Sub-Saharan Africa

15th May 2018 The Process Industries business of thyssenkrupp Industrial Solutions South Africa was successful in securing the engineering and procurement contract for a 45 tonne modular skid-mounted chlorine plant in Tanzania, the first of its kind to be installed in Sub-Saharan Africa. Process Industries’... 

NNR conference a key stakeholder platform for nuclear industry

By: Melissa Zisengwe     11th May 2018 State-owned entity National Nuclear Regulator (NNR) will host its second nuclear regulatory information conference at the Indaba Hotel & Conference Centre, Johannesburg, from May 16 to 18. The key themes for this year’s conference are the energy mix; safety and security culture; lessons learned... 

Wine prices to rise as global shortage looms

By: Simone Liedtke     8th May 2018 The South African wine industry needs an upward price adjustment to ensure a sustainable supply going forward, amidst a looming wine shortage, says industry body Vinpro. Vinpro’s ‘Wine Harvest Report 2018’ shows that wine grape production is at 1.2-million tonnes – an almost 15% decrease compared... 

New 3d Printed House Points The Way To A More Sustainable Construction Industry

3rd May 2018 Arup and CLS Architects unveiled 3D Housing 05 – a new 3D printed house in central Milan – as part of the Salone del Mobile design festival. Printed on-site by a portable robot, the house showcases the role 3D printing can play in reducing construction waste; it increases efficiencies during the... 

Reformist SA, French Presidents increase mutual investment attraction

By: Rebecca Campbell     27th April 2018 French companies are confident in the South African market and in its future, French Embassy Economic Counsellor William Roos assured South African journalists at a recent briefing. He pointed out that some 400 French companies had already set up business in South Africa and others are interested... 

Russia, betting on EU-Trump talks, keeps powder dry in Rusal row for now

By: Reuters     26th April 2018 Moscow is holding off on taking retaliatory measures against the United States for imposing sanctions on Rusal, hoping the EU can persuade Washington to ease restrictions against the world's second largest aluminium producer further, sources told Reuters. The United States on Monday gave... 

Global crude steel production up 4% y/y in March

By: Marleny Arnoldi     25th April 2018 World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.33-million tonnes in March – a 4% increase compared with production for March 2017.  

Egypt aims for $10bn foreign investment in oil, gas in 2018/19

By: Reuters     23rd April 2018 Egypt aims for foreign investment in the oil and gas sector to reach about $10-billion in the 2018/19 fiscal year that begins in July, Petroleum Minister Tarek El Molla said on Sunday. Molla said he expected foreign investments to total the same amount for the current fiscal year, marking a 25%... 

Same-day delivery to be the norm by 2022, survey finds

By: Anine Kilian     13th April 2018 Manufacturers, transportation and logistics firms and retailers are moving to meet the growing needs of the on-demand economy, in which the online buying, smartphone-wielding consumer expects a seamless, faster purchasing journey, a global survey has shown. The ‘Future of Fulfilment Vision... 

Rooftop PV system donated to Consulate of Italy in Cape Town

By: Simone Liedtke     13th April 2018 Multinational company Building Energy has donated a 3.12 kW off-grid solar photovoltaic (PV) rooftop power plant to the Italian consulate in Cape Town. The plant, comprising 12 PV panels, will generate about 5 MWh/y of energy, significantly decreasing the building’s carbon footprint through a... 

Alta signs strategic alliance to progress Gorno project

By: Esmarie Swanepoel     13th April 2018 ASX-listed Alta Zinc has executed a strategic alliance agreement and mandate with private equity group Areta Capital Partners to progress the Gorno zinc project, in northern Italy. Arete has introduced a consortium of investors who have committed to provide a cornerstone funding package of... 

SA firm’s high-capacity air hoists making inroads into global oil and gas, marine sectors

By: Schalk Burger     13th April 2018 Industrial pneumatic equipment manufacturer ATS 2000 is reporting significant demand for its high-capacity air hoists in the international oil and gas market and for industrial and marine applications, says ATS 2000 MD Glenton Rebello. The company has manufactured four 60 t air hoists at its... 

Farnese blue diamond goes on sale after 300 years of royal history

By: Reuters     6th April 2018 The historically important Farnese Blue diamond, which was passed down through European royal families for some 300 years, is to go on sale for the first time next month, auctioneers Sotheby's said. Expected to fetch between $3.7-million and 5.3-million, the 6.1 ct, dark grey-blue stone from the... 

Durban port upgrade and expansion project, South Africa

By: Sheila Barradas     6th April 2018 The upgrade of two shiploaders at the Durban harbour has been completed. 

Ford more than doubles engine assembly capacity at PE plant

By: Irma Venter     27th March 2018 Ford Motor Company of Southern Africa (FMCSA) is expanding its Struandale engine plant, in Port Elizabeth, as part of a R3-billion investment in its South African operations, announced late last year. The Struandale plant currently machines cylinder heads, cylinder blocks and crankshafts for the... 

Global crude steel production increases 3.5% y/y in February

By: Simone Liedtke     26th March 2018 Global crude steel production increased by 3.5% year-on-year to 131.8-million tonnes in February, the World Steel Association (worldsteel) reported on Monday. Africa’s crude steel production increased by 4% year-on-year to 1.1-million tonnes, mainly as a result of a 7.6% year-on-year increase in... 

De Beers expands Forevermark brand in Europe

By: Mariaan Webb     22nd March 2018 Global diamond miner De Beers is expanding its Forevermark in key European countries, with the brand entering the German market and potentially also France and Italy. The Anglo American subsidiary is aiming to bolster the diamond brand’s visibility in key European countries, which attract a... 

EU trade chief hopeful of exemption from Trump tariffs

By: Reuters     22nd March 2018 European Trade Commissioner Cecilia Malmstrom expressed cautious optimism on Thursday that US President Donald Trump would exempt the European Union from import tariffs to be imposed on steel and aluminium. The United States is set to begin charging import duties of 25% on steel and 10% on... 

Enel starts conversion to new PV panel manufacturing technology at Italy factory

By: Simone Liedtke     19th March 2018 Multinational renewable-energy corporation Enel Green Power has started a technology conversion project at its 3SUN factory, in Catania, Italy, to enable the facility to become the exclusive manufacturer of heterojunction technology (HJT) bifacial photovoltaic (PV) panels. The HJT bifacial PV... 

Dry-Type Mini Substation Now Available From Trafo

14th March 2018 Trafo Power Solutions is extending the benefits of dry-type transformers by offering customised dry-type mini substations as a complete and customisable electrical distribution solution for users in mining, industrial, marine, commercial and residential applications. “Using the well-proven... 

E-VIA FLEX-E mobility, Italy, France and Spain

By: Sheila Barradas     9th March 2018 The project entails the installation of 14 ultrafast charging stations in Europe. 

The 2017 financial year at Jungheinrich: double-digit growth – forecast met

8th March 2018 • Net sales: +11 per cent, value of incoming orders: +11 per cent and units: +13 per cent • Net income: +18 per cent • Dividend: +14 per cent • Strong demand in the core market of Europe and logistics systems business • Net sales forecast for 2018: €3.6 - 3.7 billion Jungheinrich is pressing... 

2018 will be known as the 'Year of the Drone' in South Africa

6th March 2018 Just as the change in the political landscape has brought hope and the real prospect of economic growth, so will the exciting developments in the commercial drone industry allow for renewed optimism. During the 2017 DroneCon conference, Dr Roelof Botha presented his economic impact study relating... 

Africa’s leading industry trade fair prepares to open its doors

By: Creamer Media Reporter      6th March 2018 The countdown has begun: bauma CONEXPO AFRICA opens its doors for the third time in one week. The largest trade fair for construction machinery, building material machines, mining machines and construction vehicles in Africa continues to attract international participation, highlighted by four... 

Big growth plans for 15-year strong company

1st March 2018 From humble beginnings in the opencast coal mines of Witbank, in Mpumalanga, fluid handling solutions provider Industrial Fluid Solutions (IFS) now boasts distribution across South Africa, through a network of resellers.  Focused on servicing the mining sector, IFS intends to build its presence... 

Po Valley retains Italy assets following mutual termination of Saffron deal

By: Mariaan Webb     1st March 2018 Australia-based gas producer Po Valley on Thursday announced that it would retain its northern Italy gas assets, after a deal with UK firm Saffron Energy about the sale of Po Valley Operation (PVO) was terminated. The transaction formed part of a broader three-way commercial deal to create a... 

Sappi concludes Cham Paper acquisition

By: Anine Kilian     28th February 2018 JSE-listed Sappi has completed the acquisition of Cham Paper Group (CPG). The transaction includes the acquisition of CPG’s Carmignano and Condino mills, in Italy, as well as its digital imaging business in Cham, Switzerland. 

Libya's NOC declares force majeure on 70 000 bbl/d El Feel oilfield

By: Reuters     26th February 2018 Libya's National Oil Corporation (NOC) said on Saturday it had declared force majeure on the 70 000 bbl/d El Feel oilfield after a protest by guards closed the field. El Feel was shut after guards withdrew from the field to push demands over pay and other benefits earlier this week. 

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... 

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