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Luxembourg Protocol can save South Africa billions – Rail Working Group

By: Natasha Odendaal     14th February 2019 The adoption of the Luxembourg Rail Protocol to the Cape Town Convention on International Interests in Mobile Equipment is expected to be a game changer for South Africa, said Rail Working Group chairperson Howard Rosen on Thursday. The treaty, which is expected to enter into force late in 2019,... 

Bristow snaps into fast action wearing Barrick crown 

By: Martin Creamer     13th February 2019 Dr Mark Bristow has snapped into fast action wearing the Barrick crown. His Randgold Resources, which now falls under the Barrick Gold umbrella, on Wednesday bowed out with panache when it declared a 35% dividend increase to $2.69 a share, buoyed by record production of 807 000 oz of gold at the... 

LafargeHolcim completes sale of $1.75bn Indonesian unit

By: Reuters     1st February 2019 LafargeHolcim has completed the sale of its Indonesia business in a deal which valued the unit at $1.75-billion, the cement maker said on Friday. Proceeds from the sale to Semen Indonesia will be used to pay down LafargeHolcim's debts, the company said. LafargeHolcim held 80.6% in the business,... 

Kola gets $2.1bn price tag

By: Esmarie Iannucci     29th January 2019 The Kola potash project, in the Republic of the Congo (also known as Congo-Brazzaville), is expected to cost $2.1-billion to develop, triple-listed Kore Potash said on Tuesday. The ASX-, JSE- and Aim-listed company revealed that Kola would have a nameplate capacity of 2.2-million tonnes a year of... 

Comperj Complex e-house, Brazil

By: Sheila Barradas     25th January 2019 Kerui Metodo Construção e Montagem aims to provide an e-house solution for the construction of a natural-gas processing unit. 

Sierra Metals records strong yearly production

By: Tasneem Bulbulia     24th January 2019 Latin American miner Sierra Metals achieved strong production results in 2018, continuing a ten-year track record of consolidated yearly ore throughput growth, as well as record quarterly ore throughput at both its Bolivar copper and Cusi silver mines, in Mexico. This is according to the... 

Cape Town’s WhereIsMyTransport expands to Latin America, India

By: Irma Venter     22nd January 2019 Public transport data and technology company WhereIsMyTransport has raised $1.85-million in funding from Liil Ventures and Goodwell Investments, as part of its Series A funding round. The funding will support the company’s expansion into Latin America and India. 

Investors put a further £1m in Cornish lithium project

By: Creamer Media Reporter      17th January 2019 Investors in mining start-up Cornish Lithium have put another £1-million into the exploration company to continue its activities in south-west England and to drill exploratory boreholes to extract samples of lithium bearing brines. The company said in January last year that it needed about... 

Barrick CEO to forge ahead in Latin America despite past strains

By: Bloomberg     11th January 2019 Barrick Gold Corp’s new boss intends to push ahead with plans to increase investment in the mineral-rich – but environmentally tricky – deposits straddling the Chile-Argentina border. “If you want to find elephants, go to elephant country,” CEO Mark Bristow, a South African geologist and big-game... 

Barrick Gold eyes assets, exploration as it plots new phase 

By: Bloomberg     17th November 2018 Barrick Gold, soon to become the world's largest bullion miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives said on Friday. Barrick, which expects to complete its $6.1-billion takeover of Randgold Resources January 1, outlined plans... 

Disappearing forests

By: Martin Zhuwakinyu     2nd November 2018 In rather melodramatic fashion, one journalist, writing in June this year, portrayed the rate at which the world is losing its forests thus: “Image looking down on huge swathe of lush forest – but before you can pull out your phone to take a picture, it’s gone.” A look at the latest tree cover... 

'Blood gold' controversy forces industry transparency push

By: Bloomberg     26th October 2018 It’s been labeled “blood gold,” a jarring phrase that ties one of the world’s most valuable metals with brutal mining practices and illicit profits that legitimate miners and refiners are rushing to end. With miners facing increasing pressure to guarantee the provenance of gold, the group that... 

Saudi miner Ma'aden actively looking for overseas investments - CEO

By: Reuters     26th October 2018 Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, is actively looking for investment opportunities overseas that would complement and strengthen its business inside the kingdom, the company's CEO said on Thursday. Ma'aden, which mines gold and copper and has in recent years expanded... 

Starbucks Evolves Structure in EMEA to Accelerate Long-Term Strategic Growth

22nd October 2018 Intention to fully license Starbucks operations with longstanding business partner, Alsea, in France, the Netherlands, Belgium and Luxembourg Company introducing a new support structure in the EMEA head office to better serve an increasingly-licensed regional strategy; Intends to close support... 

South African mint shines in Africa

By: Natasha Odendaal     19th October 2018 The South African Mint’s (SA Mint’s) master craft and secure manufacturing has made it one of the top preferred manufacturers of coins and coin blanks in the world, and a valuable partner across Africa. The famous producer of circulation and commemorative coins has, on its CV, an impressive list... 

Drought forces two-month closure of Leagold Brazil mine

By: Mariaan Webb     11th October 2018 Latin America-focused Leagold on Wednesday announced a two-month shutdown of its RDM mine, in Brazil, citing continued regional drought conditions. In 2017, the RDM mine was closed on August 11 and restarted, on an intermittent basis, in early November with the onset of the region's rainy season. 

DRA to conduct feasibility study for Guinea graphite project

By: Schalk Burger     19th September 2018 Engineering services multinational DRA has been appointed to conduct the feasibility study for Canada-based Guinea-focused mining company SRG’s Lola graphite project, in Guinea. DRA said in a statement on Wednesday that the project will be executed through the DRA Met-Chem office, in Montreal,... 

Barrick seeks Chinese partners for Tanzania mines – Globe

By: Bloomberg     17th September 2018 Barrick Gold may slash 400 jobs and involve Chinese partners in its troubled Tanzania operations, executive chairperson John Thornton told the Globe and Mail newspaper. The Toronto-based company has slashed middle management by half to about 700 and “we want to get it down to 300", Thornton,... 

Satellite operator launches South Africa-based operations

By: Natasha Odendaal     14th September 2018 Satellite operator Avanti Communications Group has officially launched its South Africa-based operations as it continues a corporate revamp and continued investment and focus in Africa. “The announcement is underpinned by Avanti’s continued commitment to investing in Africa through a direct local... 

Aspen sells global nutritional business

By: Tasneem Bulbulia     13th September 2018 Pharmaceutical manufacturer and supplier Aspen has concluded an agreement to sell its global nutritional business to French-based multinational dairy corporation Lactalis Group for a fully funded cash consideration of €739.8-million, or about R12.9-billion. The company disclosed this during a... 

Aspen mulls sale of infant formula unit

By: Reuters     11th September 2018 South African drug maker Aspen Pharmacare said on Tuesday it was in discussions to sell its global infant formula business, but did not give any further details. Aspen's infant milk formula business sells infant milk formula in the Asia-Pacific, Sub-Saharan Africa and Latin America, and has a... 

Ghana NPO forms part of global Cummins Powers Women initiative

31st August 2018 Global power leader Cummins used the occasion of Women’s Day on 8 March to launch its ‘Cummins Powers Women’ initiative. It will partner with a network of best-in-class non-profit organisations (NPOs) in regions with existing, outcomes-based programmes to accelerate gender equality. These include... 

Politics hamper African airlines’ growth potential

By: Jessica Oosthuizen     31st August 2018 The African airline sector has significant potential for growth, but it is not growing sufficiently because of various issues, such as stringent regulatory frameworks, says flag carrier airline Air Mauritius Southern Africa and Latin America regional GM Carla da Silva. Government policies in... 

South African winemakers look to Peru for growth

By: Marleny Arnoldi     30th August 2018 Wine producer La Ric Mal owner and winemaker Malcolm Green and other wine producers from four South African provinces will travel to Lima, Peru, this weekend, with the aim of expanding the market for South African wines. This expedition forms part of the Trade and Investment Mission organised and... 

Firms in satellite broadband services partnership

By: Natasha Odendaal     24th August 2018 Satellite operator and services provider Avanti Communications and panAfrican telecommunications solutions service provider iWayAfrica have signed a deal to provide satellite broadband services across sub-Saharan Africa. The new master distributor contract will allow iWayAfrica to provide... 

Global copper mine production up 5.7% in first five months of 2018 – ICSG

By: Marleny Arnoldi     21st August 2018 The International Copper Study Group (ICSG) says global mine production of copper in the first five months of this year increased by 5.7% year-on-year to about 450 000 t, while concentrate production increased by 5.5% year-on-year and solvent extraction and electrowinning (SX-EW) increased by 6%... 

AB InBev to build new brewery in fast-growing Mozambique

By: Reuters     8th August 2018 Anheuser-Busch InBev, the world's biggest brewer, will start building a more than two-million hectolitre a year brewery in Mozambique in the second half of next year, the company's Africa head said on Tuesday. The Mozambique investment will look to fend off competition from rival Heineken, which... 

Strong growth in smaller airliner segment predicted by Brazilian aerospace group

By: Rebecca Campbell     27th July 2018 Brazilian aerospace group Embraer, one of the world’s top two regional jet manufacturers, has forecast a global demand for 10 550 new airliners with capacities of 150 seats or less, over the next 20 years. This prediction was released at Farnborough in the UK on the day before the start of the... 

Only a 'cataclysm' could hit top quality ore demand – Vale CEO

By: Reuters     26th July 2018 Brazil's Vale, the world's top iron-ore producer, forecast steady prices for the mineral and rising premiums for its top quality ore, thanks to strong demand from China and despite global trade tensions. Vale CEO Fabio Schvartsman said a scarcity of Vale's trademark top quality ore protects the... 

Strong demand forecast for pilots, technicians and cabin crew in Africa and globally

By: Rebecca Campbell     25th July 2018 Africa will need 29 000 pilots over the next 20 years, US aerospace group Boeing has forecast. The continent will also need 28 000 technicians and 29 000 cabin crew. These predictions were made in the group’s 2018 “Pilot & Technician Outlook”, released on Tuesday. The report divides the world... 

BAIC SA opens vehicle assembly plant at Coega IDZ

By: Marleny Arnoldi     24th July 2018 Chinese vehicle manufacturer Beijing Automotive Group’s South African subsidiary, BAIC SA, on Tuesday opened its 88 969 m2 vehicle assembly plant, in the Coega Industrial Development Zone, near Port Elizabeth.   The company has completed the critical construction and equipment installation... 

Brazilian aerospace group predicts strong growth in smaller airliner segment

By: Rebecca Campbell     16th July 2018 Brazilian aerospace group Embraer, one of the world’s top two regional jet manufacturers, has forecast a global demand for 10 550 new airliners with capacities of 150 seats or less, over the next 20 years. This prediction was released on Sunday at Farnborough in the UK, the day before the start... 

Vale notches record Q2 iron-ore, pellet output despite trucker strike

By: Reuters     16th July 2018 Brazil's Vale achieved record iron ore and pellet production for a second quarter despite a nationwide trucker strike that paralyzed Latin America's largest economy in May, the miner said in a filing on Monday. Vale, the world's top iron-ore producer, said iron ore output reached 96.755-million... 

Travel between SA and Spain boosted by renewed air link

By: Rebecca Campbell     13th July 2018 The reintroduction of direct flights between Johannesburg and Madrid by Spanish flag-carrier airline Iberia in August 2016 has resulted in a significant boost in travel between South Africa and Spain. This was reported by Airports Company South Africa Assistant General Manager (Client and... 

Ecuador attracting mining interest, political risks weigh on Latin America outlook

By: Mariaan Webb     12th July 2018 The South American country of Ecuador is attracting interest among foreign mining companies, as a low-risk, high-reward market, where government remains supportive of mining, despite the February referendum restricting mining in protected areas. Market intelligence firm BMI, which publishes a... 

Huge Brazil tax liability slows sale of funds' Vale stakes – sources

By: Reuters     29th June 2018 A potential tax liability in the billions of dollars is delaying the sale of major stakes in miner Vale SA by Brazil's largest pension funds, according to two sources with knowledge of the matter. Discussions over the tax issue are prolonging when and how pension funds are going to unload their... 

Let’s get the questions right on police reform

By: Rebecca Campbell     29th June 2018 One of the striking things about South Africa is how little interest the ruling African National Congress (ANC) has shown in transforming certain key institutions the country. Oh, there have been big changes in personnel, yes, because the ANC has focused, and continues to focus, on demographic... 

Renewed air link boosts traffic between South Africa and Spain

By: Rebecca Campbell     28th June 2018 The reintroduction of direct flights between Johannesburg and Madrid by Spanish flag-carrier airline Iberia in August 2016 has resulted in a significant boost in travel between South Africa and Spain. This was reported by Airports Company South Africa assistant general manager (client and... 

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