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Teck Resources lowers Q1 met coal sales guidance

By: Anine Kilian     12th March 2018 Canadian metals and mining company Teck Resources has lowered its metallurgical coal sales guidance for the first quarter of this year to six-million tonnes. It had previously expected coal sales to be between 6.3-million and 6.5-million tonnes. 

Transnet rejects claim of no significant mining-linked rail and port investment in 15 years

9th March 2018 Anglo American South Africa deputy chairperson Norman Mbazima argues that a revitalisation of South Africa’s rail and port networks will be key to ensuring a recovery in mining investment. Speaking at the Investing in African Mining Indaba, he lamented that he had not seen any significant rail... 

Shunting locomotive company introduces upgraded Unilok

By: Melissa Zisengwe     9th March 2018 Rail logistics company African Railway Systems and Consultants has introduced the South African rail market to the new upgrade of the Unilok shunting locomotives. 

Global industry leaders to address World Petrochemical Conference

9th March 2018 Global chemicals, refining, and oil industry leaders and experts will be among those to address the World Petrochemical Conference (WPC) 2018 taking place at the Hilton Americas Hotel in Houston, in the US from March 19 to 23. The thirty-third annual WPC will welcome more than 80 speakers and 1... 

Kenya plans to electrify Mombasa–Nairobi rail link

By: John Muchira     9th March 2018 Kenya plans to electrify its diesel-powered standard-gauge railway (SGR) line from the coastal city of Mombasa to the capital, Nairobi, as it seeks to cement its position as a regional transports hub. The East Africa nation has since secured $240-million from China Electric Power Equipment &... 

Eyeing the diaspora dollar

By: Martin Zhuwakinyu     9th March 2018 Zimbabweans are becoming creative when it comes to raising funds to invest in their economy, and the stimulus seems to be the ouster of Robert Mugabe, the long-ruling dictator who ran into the ground a country once hailed as the “jewel of Africa” by Tanzania’s Julius Nyerere. During the latter... 

From Warehouse floor to store: How Trackmatic’s Driver-Led Visibility™ transformed distribution for Massdiscounters

8th March 2018 Massdiscounters, a leading distribution chain, has adopted Trackmatic’s Driver-Led Visibility™ solution. The solution, paired with Trackmatic’s detailed business analytics, has transformed key performance indicators, with objective, empirically based driver performance KPIs improving by 14% and... 

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... 

Cargo Carriers Scholar Road Safety Education

8th March 2018 Cargo Carriers puts its full weight behind Scholar Road Safety Education Cargo Carriers, a leading transport logistics and supply-chain specialist, continues to support initiatives aimed at creating safer roads for South Africans, including the country’s youth. It remains a serious concern that... 

French And South African Rivalry Moves From Rugby Field To The Boardroom

7th March 2018 The fierce competition between South Africa and France will move from the rugby field to the business arena next month. Supply chain professionals from the two nations are set to clash in a business simulation game that demands a flawless strategy and tactics to save a virtual juice company, The... 

Jungheinrich WMS named “Best Factory Software 2018”

7th March 2018 • Jury points to particularly  high customer benefit • Great usablility • Effortless data exchange with all conventional host and ERP systems The Jungheinrich Warehouse Management System (WMS) has been chosen as the “Best Factory Software of 2018” by the Industry 4.0 Research and Application... 

French And South African Rivalry Moves From Rugby Field To The Boardroom

6th March 2018 The fierce competition between South Africa and France will move from the rugby field to the business arena next month. Supply chain professionals from the two nations are set to clash in a business simulation game that demands a flawless strategy and tactics to save a virtual juice company, The... 

Decrease in government spend could harm the infrastructure sector  

By: Anine Kilian     5th March 2018 This year is going to be extremely difficult for South Africa’s infrastructure sector owing to the 12% decrease in infrastructure spending, economist Elsie Snyman told delegates at the Consulting Engineers South Africa Infrastructure Indaba, in Johannesburg, on Monday. Former Finance Minister... 

Eastplats secures financing deal for Crocodile River Mine retreatment project

By: Megan van Wyngaardt     5th March 2018 Dual-listed Eastern Platinum (Eastplats) and its subsidiary Barplats Mines have entered into an agreement with Union Goal Offshore Solution for the construction, mining and processing of the tailings resource, and the subsequent offtake of chrome concentrate from the Barplats Zandfontein Upper... 

DP World may develop $1.2bn port at Banana on Congo coast

By: Bloomberg     2nd March 2018 DP World may develop a $1.2-billion deep-water port in the Democratic Republic of Congo, according to documents published by a Senegalese whistle-blowing organization. DP World signed an agreement with the Transport Ministry in February 2017 giving the Nasdaq Dubai-listed company exclusive rights... 

Atlas to export Pilgangoora lithium DSO to Sinosteel

By: Simone Liedtke     2nd March 2018 ASX-listed Atlas Iron has signed an agreement with Sinosteel Australia for the export of lithium direct shipping ore (DSO) sourced from the Pilgangoora lithium project, which is owned by ASX-listed Pilbara Minerals. Atlas will sell up to 1.5-million tonnes of lithium DSO to Sinosteel over a... 

Super Group posts 27.5% revenue increase in December half-year

By: Irma Venter     2nd March 2018 Challenging trading conditions and political uncertainty continued to depress trading conditions at transport logistics and mobility company, Super Group. The group on Monday reported a 27.5% increase in revenue for the six months ended December 31, compared with the same period in 2016, to... 

AngloGold seeks Tanzania talks to break impasse on mine laws

By: Bloomberg     27th February 2018 AngloGold Ashanti is seeking talks with the Tanzanian government to break a deadlock over changes to mining laws that the firm has said it will challenge through arbitration. “We have reached out to the government for negotiations,” Chief Executive Officer Srinivasan Venkatakrishnan said in an... 

Chicken business turnaround boosts RCL’s H1 profit

By: Anine Kilian     26th February 2018 A strong turnaround in the chicken business, along with good rainfall and lower prices for commodity inputs benefited JSE-listed RCL Foods in the six months ended December 31, contributing to margin recovery across the group’s business units, CEO Miles Daily said on Monday. The group reported a... 

Champion Iron Ore sends off first loaded train

By: Henry Lazenby     23rd February 2018 TSX- and ASX-listed miner Champion Iron Ore has dispatched its first loaded train of iron-ore from subsidiary Quebec Iron Ore's (QIO's) flagship Bloom Lake mine, near Fermont. The train load comprised 16 500 t of high-grade 66% iron concentrate and is destined for the Sept-Îles port, from where... 

Study launched into economic impact of possible EV transition in South Africa 

By: Terence Creamer     23rd February 2018 A macroeconomic study into the impact of a possible transition in the South African transport market from internal combustion engine (ICE) vehicles to electric vehicles (EVs) has been launched. Initially proposed by the Department of Trade and Industry (DTI), the study is backed by the South... 

Richards Bay Coal Terminal, port win top global excellence awards 

By: Martin Creamer     23rd February 2018 South Africa's Richards Bay Coal Terminal (RBCT) and Richards Bay Port won global recognition at the Global Ports Forum awards ceremony in Dubai on Thursday. The winners of these prestigious international awards by the ten-year-old Singapore-launched Global Ports Forum are finalised by a judging... 

SA’s defence industry has potential to grow global market share 

By: Donald Makhafola     23rd February 2018 Owing to its international competitiveness and high levels of innovation, the local defence industry has a global reach and an increasing export market despite the low national defence budget, says global defence and security company Saab Grintek Defence president and CEO Trevor Raman. "The... 

KAP gears up for growth, announces solid interim results

By: Schalk Burger     23rd February 2018 Diversified industrial group KAP Industrial Holdings has raised R2-billion through the issuance of three- to five-year bond tenures to fund its future growth, the firm stated in its six-month interim results for the period ended December 31. Its revenue from continuing operations increased by 29%... 

Concrete Industry Honours Afrisam With Two Top Awards

22nd February 2018 Construction materials leader AfriSam dominated at the recent Southern African ReadyMix Association (SARMA) awards by winning two of the four accolades bestowed on the industry’s top performers for 2017. SARMA’s premier annual event – held in Gauteng during the Concrete Conference in August – saw... 

Transnet delivering on its Africa strategy

By: Simone Liedtke     22nd February 2018 State-owned Transnet's Diaspora Infrastructure Development Group (DIDG) Consortium on Wednesday delivered rolling stock to the National Railways of Zimbabwe (NRZ) to strengthen regional integration, trade and the recapitalisation of the Zimbabwean railway programme. This transaction between a... 

Volumes, dollar prices keep rand at bay for divi-hoisting Assore

By: Martin Creamer     21st February 2018 Improved volumes and better dollar prices proved sufficient for mining holding company Assore to keep rand strength at bay in posting strong headline earnings growth and a sharp interim dividend increase. The company's half-year results were highlighted by a 12% rise in headline earnings, a... 

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"... 

Rwanda to issue mining licences to boost investment by a fifth

By: Bloomberg     21st February 2018 Rwanda will issue 50 new licences to mine metals including gold, tin and tantalum this year that may help boost investment in the East African nation by a fifth, the Rwanda Development Board said. The state-run board expects to attract $2-billion of investment in 2018, compared with $1.67-billion... 

Imperial Holdings delves into unbundling plans, reports solid H1 results

By: Megan van Wyngaardt     20th February 2018 Imperial Holdings' plans for unbundling its Imperial Logistics and Motus entities, and listing them separately, are still in the works but are dependent on a number of internal and external factors, CEO Mark Lamberti said on Tuesday. The company last year said work was in progress to determine... 

Collaborative warehousing – driving market share in an evolving economy

20th February 2018 Future proofing your warehouse model to keep up with evolving consumer demand n the 100 years post the industrial revolution, business experienced an era of slow, incremental change. In recent years, however, the so-called 4th industrial revolution has brought about exponential disruption to... 

SA, UK political uncertainty dampens trading conditions, says Super Group

By: Irma Venter     19th February 2018 Challenging trading conditions and political uncertainty continued to depress trading conditions at transport logistics and mobility company, Super Group. The group on Monday reported a 27.5% increase in revenue for the six months ended December 31, compared with the same period in 2016, to... 

SureFOX: Accelerating Enterprise Insurtech

19th February 2018 February marks an important milestone in Africa’s “insurtech” history. EmptyTrips, South Africa’s award-winning innovative freight and transport exchange,  announced a new digital on-demand enterprise insurance service offering, named SureFOXTM. Insurtech is fast becoming an attractive area, a... 

'All systems go' for Sona, MPs hear

By: News24Wire      16th February 2018 Preparations for a State of the Nation Address (Sona), to be given by incoming president Cyril Ramaphosa, is on track for Friday evening. Ramaphosa was elected President at a sitting in the National Assembly on Thursday. 

Radial tyre portfolio available on the market

16th February 2018 Technology company Continental is introducing two additional EM-Master E4/L4 radial tyre sizes to the market, the company indicated in an announcement last month. “This now completes our range of radial tyres for use on wheel loaders and dump trucks in particular for construction work and... 

Projects boding well for geotechnical contractor

By: Marleny Arnoldi     16th February 2018 Specialist geotechnical contractor and subsidiary of Keller Group, Franki Africa, is providing 46 000 Columns with Mixed Moduli (CMM) for the 350 000 m2 Clairwood logistics park construction site project.  

Debt-laden AMSA weighs asset disposals as it seeks to fix balance sheet 

By: Terence Creamer     16th February 2018 ArcelorMittal South Africa (AMSA) is considering various asset disposals as part of a plan to strengthen its balance sheet, which remains under pressure as a result of a protracted period of lossmaking, which has endured since 2010. The JSE-listed steelmaker declared another headline loss of... 

Despite reporting a Q4 earnings miss, Teck equity rises on record revenue, cash flow

By: Henry Lazenby     14th February 2018 Canadian diversified miner Teck Resources has reported fourth-quarter headline earnings slightly below analyst expectations, as lower metallurgical coal sales and prices offset metal price improvements in the three-month period to December 31. Adjusted profit attributable to shareholders in the... 

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