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VVIP presidential jet still an option even though defence's budget is cut by billions

By: News24Wire      18th May 2018 Despite a budget cut amounting to billions, the purchase of a VVIP presidential jet by the South African Defence Force is not off the table. In her speech in the debate about the South African Defence Force budget on Friday, Defence Minister Nosiviwe Mapisa-Nqakula said:  "I must now report to... 

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... 

Young, bridal jewellery consumers to drive platinum demand

By: Nadine James     18th May 2018 Young, bridal and self-purchasing jewellery consumers are emerging to contribute to platinum demand growth this year, the Platinum Guild International (PGI) reports. In its ‘2017 Platinum Jewellery Business Review’, the PGI found strong consumer retail sales growth in the US, Japan and India for... 

Toshiba signs MoUs to support African hydropower, geothermal roll-out

By: Schalk Burger     18th May 2018 Energy systems multinational Toshiba Energy Systems and Solutions signed four memoranda of understanding (MoUs) to cooperate with African countries to develop hydropower and geothermal energy systems. The MoUs were signed on the sidelines of the Japan-Africa Public-Private Economic Forum, in... 

Diamond jewellery demand at all-time high – De Beers

By: Simone Liedtke     17th May 2018 Global consumer demand for diamond jewellery hit a new all-time high in 2017, climbing to $82-billion, a 2% increase on the previous year, according to industry insight data published by De Beers on Thursday. The US was the main driver of growth for the fourth consecutive year, where positive... 

Kenya banks on nuclear energy to sustain manufacturing, build the economy

By: Kim Cloete     17th May 2018 Kenya hopes to grow its economy and boost manufacturing after building nuclear power plants, a Kenyan academic has told African Utility Week in Cape Town. "We envisage we will become a middle-income industrial country by 2030. With nuclear coming onboard, that will gave us baseload which will... 

R3bn Rosslyn Hub to create 160 000 jobs

By: Nadine James     16th May 2018 The R3-billion mixed-use Rosslyn Hub development was launched at the African Smart Cities Summit, co-located with the African Construction and Totally Concrete Expo, at the Gallagher Convention Centre, in Johannesburg, on Wednesday. The Rosslyn Hub is a crucial step towards the creation of the... 

Nuclear industry urged to address business case

By: Rebecca Campbell     16th May 2018 Decisions on the future energy mix for South Africa need to be forward looking, not backward looking. So affirmed EE Publishers MD Chris Yelland in his keynote address to the National Nuclear Regulator's second Nuclear Regulatory Information Conference on Wednesday. "Nuclear power in South Africa... 

Platinum supply, demand weak in Q1 – WPIC  

By: Nadine James     14th May 2018 There was a slight dip in both platinum demand and supply in the first quarter of this year, the World Platinum Investment Council (WPIC) reports. The organisation on Monday revealed that refined output decreased by 0.7% year-on-year in the first quarter, largely as a result of South African mine... 

Platinum surplus to widen; fuel cells seen as key driver for future demand

By: Marleny Arnoldi     14th May 2018 The platinum market will move further into oversupply this year, as production from South Africa remains flat and demand is forecast to contract by 2.5%, the latest Johnson Matthey platinum group metals (PGM) market report states.  

PNG LNG delivering economic promises - Oil Search

By: Esmarie Swanepoel     14th May 2018 ASX-listed Oil Search has maintained that the Papua New Guinea liquefied natural gas (PNG LNG) project has been beneficial to the region, despite reports suggesting otherwise. Social justice advocates Jubilee Australia has claimed that the PNG LNG project has caused increased violence in PNG as... 

World investors look to Zimbabwe

10th May 2018 Infrastructure stakeholders from around the world are showing keen interest in Zimbabwe as a new spirit of optimism takes root in the country. 

Tshwane’s First Steps Towards Becoming Africa’s Automotive Capital to be Unveiled at the

9th May 2018 African Construction and Totally Concrete Expo and African Smart Cities Summit Rosslyn Hub, a R3-billion, mixed use development that will catalyse the city of Tshwane to become the automotive capital of Africa is set to be launched at the African Construction and Totally Concrete Expo on... 

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... 

Renewable energy jobs reached 10.3m globally in 2017

By: Marleny Arnoldi     8th May 2018 The renewable energy industry created more than 500 000 jobs globally last year – a 5.3% year-on-year increase, says the International Renewable Energy Agency (Irena).  

South Africa urged to consider CSP-PV blend to lower cost of dispatchable solar generation 

By: Terence Creamer     7th May 2018 International technology and infrastructure group Abengoa, which has developed a portfolio of three concentrated solar power (CSP) projects in South Africa, believes blending CSP with solar photovoltaic (PV) technology is the logical next step for lowering CSP costs, while also producing... 

South Africa, Kenya commit to resolve outstanding bilateral issues ahead of Mombassa trade talks

By: African News Agency      7th May 2018 South Africa and Kenya have committed to resolve outstanding bilateral issues in preparation for the upcoming 6th session of the joint trade committee (JTC) to be held in Mombasa, Kenya in September, the trade and industry department (dti) said on Sunday. The commitment was agreed between dti... 

Auto exports earned South Africa R165bn in 2017

By: Irma Venter     4th May 2018 Total earnings from South African automotive exports reached R164.9-billion in 2017, comprising 13.9% of South Africa’s total export earnings. This number is down from the record R171.1-billion achieved in 2016, at 15.6% of total export earnings. Total automotive revenue in the South African... 

Toshiba signs African energy development MoUs

By: Schalk Burger     3rd May 2018 Energy sytems multinational Toshiba Energy Systems and Solutions on Thursday signed four memoranda of understanding (MoUs) to cooperate with African countries to develop hydropower and geothermal energy systems. The MoUs were signed on the sidelines of the Japan-Africa Public-Private Economic... 

GoviEx completes required payment to Toshiba

By: Simone Liedtke     2nd May 2018 TSX-listed GoviEx Uranium has completed the required payment to Toshiba Corporation under the terms of a previously announced termination agreement. The agreement sets out the terms and conditions under which GoviEx and Toshiba have agreed to settle the Tranche B Bond, dated April 18, 2012, as... 

On-The-Air (27/04/2018) 

By: Martin Creamer     27th April 2018 The imminent opening in Johannesburg of the exciting new Mandela Mining Precinct is a major boost for badly needed research and development. This month’s rapid-fire announcements of the widespread new use of fuel cells globally is great news for South Africa’s struggling platinum mining... 

Fuel cell frenzy as cars, plants deploy platinum to protect environment

By: Martin Creamer     26th April 2018 Hyundai has just launched its new Nexo fuel cell car in South Korea, pre-orders for which exceeded expectations, Honda last month launched the new 2018 Clarity fuel cell car, Doosan Fuel Cell America has cut the ribbon on three 460 kW fuel cells at the Waterbury Pollution Control Authority in... 

South Africa to host the Japan–Africa Public Private Economic Forum

By: Marleny Arnoldi     25th April 2018 South Africa will host the Japan–Africa Public Private Economic Forum at the Sandton Convention Centre from May 3 to 4.  

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.  

Lithium-ion industry to take centre stage in next five years

By: Simone Liedtke     20th April 2018 At least 12 lithium and six cobalt transactions have been closed between downstream manufacturers and mining companies since 2016, signalling a changing trend in procurement strategy. This, commodity research consultancy Roskill said in a statement on Friday, shows that the lithium-ion (Li-ion)... 

On-The-Air (20/04/2018) 

By: Martin Creamer     20th April 2018 South Africa is expected to play an important role in a large new multi-billion-rand potash project in the Republic of Congo. Wonderful news for platinum is that mining equipment driven by a fuel cell is scheduled to make a game-changing debut underground next year. Mining giant Glencore has... 

What Industry 4.0 means for business

20th April 2018 At its core, the Fourth Industrial Revolution, or Industry 4.0, is driven by the coming together of physical and digital technologies. By gathering and analysing data from machines and robots, we are able to obtain insights into the health and performance of industrial installations, allowing us... 

North Field expansion onshore facilities project, Qatar

By: Sheila Barradas     20th April 2018 Qatargas is developing the largest single nonassociated gasfield in the world. 

Canada's Alouette aluminium smelter denies force majeure rumours

By: Reuters     18th April 2018 The Alouette aluminium smelter in Canada, the biggest in the Americas, does not plan to declare force majeure, a spokesperson said on Wednesday, denying a market rumour. There was speculation in the market that Alouette may have to take the measure due to a shortage of raw material alumina. 

Steel demand to grow by 1.8% in 2018

By: Simone Liedtke     17th April 2018 The World Steel Association (worldsteel) has forecast 1.8% year-on-year growth in global steel demand to 1.62-billion tonnes this year. Worldsteel further reports in its April Short Range Outlook (SRO), published on Tuesday, that global steel demand will grow by a further 0.7% to 1.63-billion... 

Tokyo Steel to keep product prices steady in May

By: Reuters     16th April 2018 Tokyo Steel Manufacturing, Japan's top electric-arc furnace steelmaker, on Monday said it would hold product prices steady in May due to slow local demand. The decision marks three months of price freezes by the company. 

Kun-Manie field engineering campaign to start soon

By: Simone Liedtke     13th April 2018 Exploration and resources company Amur Minerals has completed the restocking and mobilisation of all machinery, spares and supplies needed to complete the 2018 field season at its Kun-Manie nickel/copper sulphide project, in Far East, Russia. The resupply transport effort began on February 15 and... 

Global silver output falls 4.1% in 2017, as industrial demand ramps up – GFMS

By: Henry Lazenby     12th April 2018 A new survey by the GFMS team at Thomson Reuters has found that global silver output had fallen 4.1% in 2017 to 852.1-million ounces. Prepared by GFMS, the report found that total physical demand of 1.02-billion ounces was 25% lower year-on-year, signalling that the tightening of the... 

Excavators ready to boost economy

9th April 2018 ELB Equipment is aggressively gearing its excavator offering to meet an anticipated demand upsurge as the economy turns upwards. “Excavators are at the heart of any construction or mining operation and their availability is pivotal to getting projects off the ground. For this reason, we have... 

Developing New Manufacturers

9th April 2018 Advancement in machine learning and industrial innovations vital to boosting South Africa’s manufacturing sector. Following the 2008 financial crisis, which caused many industrial sectors around the globe to dwindle, South Africa’s manufacturing industry experienced a similar downturn and almost... 

Australia sees miners winning highest Japan coal deal since 2012

By: Bloomberg     9th April 2018 Coal miners are set to win the highest supply contract in six years from Japanese utilities after demand drove spot prices higher, according to Australia’s commodity forecaster. Japan’s utilities will probably pay $100 a metric ton for annual supplies during the period from April to March, the... 

World's top iron shipper says China import boom to level off

By: Bloomberg     9th April 2018 The world’s largest iron-ore exporter delivered a mixed message on the outlook, raising near-term price forecasts, but combining that revision with a more somber message that China’s gargantuan imports are set to level off as steel production eases in the coming years. Iron-ore will average... 

Tachibana Waste to Energy plant, Japan

By: Sheila Barradas     6th April 2018 The project entails the construction of a municipal solid waste incineration plant, in Kawasaki. 

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