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Chamberlain chosen as LME chief with mandate to reform

By: Reuters     22nd April 2017 Matt Chamberlain was named London Metal Exchange (LME) chief executive on Friday, with a mandate from its owner the Hong Kong bourse to reform the world's largest and oldest metals market. Chamberlain, 35, had been acting CEO since January, when a combination of falling trading volumes and a... 

Strengthening fundamentals continue to bolster ‘new age’ metals outlook

By: Henry Lazenby     22nd April 2017 ‘Big money’ investors are increasingly looking to invest in the relatively small ‘new-age metals’ space, comprising metals such as lithium, graphite and cobalt, as strengthening fundamentals for these minerals and an unprecedented high-impact investment opportunity draw the potential for bonanza... 

TNPA appoints new port managers

By: Megan van Wyngaardt     21st April 2017 The Transnet National Ports Authority (TNPA) has appointed the Port of Cape Town’s first female port manager Mpumi Dweba, who most recently served as port manager at the Port of Ngqura. She succeeds Sipho Nzuza, who recently resigned to take up the role of eThekwini municipality city manager. 

Diamond miners have India in sight with Real is Rare slogan

By: Reuters     21st April 2017 The world's top diamond producers will try to spur demand in India with the launch of their "Real is Rare" slogan in September, after the withdrawal of high-value bank notes dented the world's third biggest diamond market. The marketing slogan was launched in the United States in 2016 by the... 

Eastern Cape architect sets the standard for eco-conscious design on new countryside estate

     21st April 2017 According to a study carried out by US construction think tank Dodge Data and Analytics, South Africans are increasingly choosing to invest in properties that have been designed to limit their environmental impact. This has seen a rise in the number of buildings that are being developed using... 

Sacu makes formal request to initiate post-Brexit trade talks with UK

By: Terence Creamer     21st April 2017 South Africa’s Trade and Industry Minister Dr Rob Davies reports that the Southern African Customs Union (Sacu) has written a letter to the UK government formally requesting the initiation of talks on the terms of the bilateral trade relationship that will be put in place when Britain exits the... 

On-The-Air (21/04/2017) 

By: Martin Creamer     21st April 2017 A new gold project being fast-tracked following the successful raising of capital in London and Johannesburg; A new aspirant mining champion has stepped up to the plate with a R2.3-billion debut deal and Money is being raised to revive a once thriving copper-mining area in the Northern Cape. 

Tin industry to begin reporting on supply chain standards – ITRI

By: Reuters     21st April 2017 Major tin producers have agreed to begin reporting on compliance with a new code of conduct starting from third-quarter 2017, an industry body said, seeking to boost supply chain credentials ahead of new European rules on responsible sourcing of ore. Ten producers have signed up to the code,... 

Strongbow’s South Crofty to revive age-old tin mining tradition in Cornwall 

By: Henry Lazenby     21st April 2017 Bolstered by strengthening tin prices and improving fundamental support in the long term, Canadian mineral exploration firm Strongbow Exploration is set to revive a mining tradition in England’s county of Cornwall, that reaches back thousands of years to the early Bronze Age. The company’s... 

Asset manager launches latest logistics and warehousing facility 

     20th April 2017 Asset management Fortress Income Fund has launched its Westlake View logistics park, further increasing the companies warehousing and logistics development pipeline, which currently has a gross leasable area of about 1-million m2 that spans Gauteng, the Western Cape and KwaZulu-Natal.  

Gold's top forecaster says prices may hit $1 350 by year-end

By: Bloomberg     19th April 2017 Gold will end the year higher, spurred by faster inflation and political tensions in Russia, Syria and North Korea, according to Intesa Sanpaolo, the best forecaster for the metal last quarter. Prices could take a V-shaped path this year, with a swoon coming mid-year as the Federal Reserve raises... 

Mining majors' shares pull back as iron, copper prices retreat

By: Henry Lazenby     18th April 2017 Major miners saw their respective stocks pull back on Tuesday on the back of weaker iron-ore and base metals prices, despite the latest Chinese economic data showing better-than-expected growth in the first quarter of 2017. Major miners traded in the red on Tuesday, including the world’s largest... 

Will the South African economy catch a crab?

By: Riaan de Lange     14th April 2017 It is mid-afternoon on Sunday, April 2. I am enjoying glorious weather, reminiscent of South Africa, with soaring temperatures, which is not the usual rainy, gloomy and cold London. I find myself in Putney, where the River Thymes is aligned by an estimated 300 000 people who have made their way... 

UK Royal Mint's gold sales jump 20% amid political turmoil

By: Bloomberg     13th April 2017 The UK Royal Mint’s gold sales jumped by a fifth in the first three months of the year, according to figures obtained under freedom of information legislation. Following month-on-month declines in the first two months, March gold sales jumped 263% in volume-terms, according to the information... 

Baker McKenzie launches app to assist in case of antitrust dawn raids

By: Natasha Odendaal     13th April 2017 An application (app) that assists clients in navigating the coordinated dawn raids undertaken by competition authorities has been expanded to accommodate 44 countries, including South Africa. Multinational law firm Baker McKenzie’s Dawn Raid app delivers real-time step-by-step guidance on the... 

Moma kickstarts Q1 with double-digit production increases

By: Natasha Odendaal     13th April 2017 Output from the Moma titanium minerals mine, in northern Mozambique, during the first quarter of this year has set the pace for a targeted 5% to 16% year-on-year increase in full year production, London-listed Kenmare Resources said on Thursday. Double-digit year-on-year increases seen in... 

Rio Tinto’s Du Plessis says regulatory probes receiving full board attention

By: Esmarie Swanepoel     13th April 2017 The outgoing chairperson of diversified miner Rio Tinto, Jan du Plessis, has reaffirmed that the company is working with authorities on regulatory investigations relating to its operations in Guinea and Mozambique. The US Securities Exchange is conducting an investigation relating to the... 

The Post Building project, UK

By: Sheila Barradas     13th April 2017 The Post Building is a mixed-use, Allford Hall Monaghan Morris-designed redevelopment of the former Royal Mail sorting office. 

Rio ponders future in Indonesia's Grasberg copper mine

By: Reuters     12th April 2017 Diversified miner Rio Tinto said on Wednesday it was continuing talks on the long-term future of its stake in the Grasberg copper mine in Indonesia and one of its top executives would visit the country for talks over the coming weeks. Mine operator Freeport McMoRan's exports of copper concentrate... 

Perseus makes positive start to 2017, as Edikan’s Q1 production rises 51% q/q

By: Mia Breytenbach     12th April 2017 Dual-listed gold miner Perseus Mining has made a positive start to 2017, with 48 655 oz of gold produced in the quarter ended March 31. Production for the quarter was 51% higher than that produced in the December 2016 quarter, with the Edikan mine, in Ghana, on track to achieve its production... 

BHP says DLC restructure to destroy $1.3bn in value, waste franking credits

By: Megan van Wyngaardt     12th April 2017 The proposal by BHP Billiton’s activist shareholder Elliott Advisors that the company scrap its dual-listed company (DLC) structure in favour of a primary listing in London and a secondary listing in Sydney, could destroy at least $1.3-billion in value, to save less than $2.5-million a year, the... 

Hermes plans to vote against Rio chair on diversity failings

By: Bloomberg     11th April 2017 Hermes Investment Management will vote against the re-election of Jan du Plessis, the chairperson of Rio Tinto Group, because of the company’s policy on boardroom diversity. The London-based money manager, which has said it will be focusing on diversity issues and climate change during this... 

Incledon, Xesibe Construction on track with Ncera irrigation scheme

     11th April 2017 Quality fluid-conveyance solutions provider Incledon is supplying the bulk pipeline to main contractor Xesibe Construction for the Ncera macadamia project for the Eastern Cape’s Department of Rural Development and Land Reform. Incledon’s scope of work comprises the supply of 2.4 km of 400 mm... 

Market nervous on zinc bull story as shortages fail to emerge

By: Reuters     11th April 2017 Expected shortages of zinc, a metal often favoured by speculators, may not materialise this year because recent price gains have spurred miners around the world to increase output. Zinc was the best performer on the London Metal Exchange last year with a surge of 60% and many investors and... 

Australia says changes to BHP Billiton corporate structure must fit national interest

By: Reuters     11th April 2017 Any significant changes to the corporate structure of Anglo-Australian miner BHP Billiton would need to be consistent with a "national interest" test under the law, the Australian government said on Tuesday. Activist shareholder Elliott Advisors on Monday proposed BHP Billiton scrap its... 

Singer's BHP gambit shines light on little-known oil giant

By: Bloomberg     11th April 2017 The usual suspects have planted their flags along the dusty byways of the Permian Basin, declaring where they’ve staked claims. There are names like Royal Dutch Shell, Anadarko Petroleum, Pioneer Natural Resources. And, on signs fronting a barbed-wire fence, BHP Billiton. For the world’s largest... 

Ransacked gold mine venture reboots as arguing partners quit

By: Bloomberg     11th April 2017 South African mining veteran Peter Skeat is pressing ahead with plans to squeeze more gold out of an 80-year old ransacked gold mine west of Johannesburg after settling a dispute with three former partners. The entrepreneur, who is part-financing the venture himself, is seeking investors to help... 

Sparkling diamond earrings seen fetching up to $70m at auction

By: Reuters     11th April 2017 Two dazzling pink and blue pear-shaped diamonds are together expected to fetch close to $70-million when they go under the hammer next month. Sotheby's said the Apollo and Artemis stones are "by far the most important pair of earrings ever offered at auction". They will be offered to buyers... 

Costs, risks outweigh the benefits of changes proposed by Elliott – BHP

By: Natasha Odendaal     10th April 2017 Mining giant BHP Billiton on Monday said any potential benefits of implementing a proposal tabled by minority shareholders Elliott Associates and Elliott International would be significantly overshadowed by the costs and associated risks of the suggested changes. The fund manager earlier on... 

Iron slumps into bear market as Barclays sees further losses

By: Bloomberg     10th April 2017 Iron-ore’s descent into bear-market territory may herald further weakness, with Barclays pinning the blame for the slide on lower steel demand in China driving a shift from mills toward lower-quality ore and raising the prospect of a drop into the $50s. Ore with 62% content in Qingdao fell 1%... 

Centamin reports lower Q1 output in line with guidance

By: Natasha Odendaal     10th April 2017 London- and Toronto-listed Centamin on Monday reported a 20% quarter-on-quarter and 13% year-on-year decline in total gold production from its Sukari gold mine, in Egypt, for the first quarter of 2017. In line with Centamin's forecast, preliminary total gold production for the three months to... 

New Sutherland laboratory adds another eye in the sky for Sansa

By: Megan van Wyngaardt     7th April 2017 The South African National Space Agency (Sansa) has unveiled an optical space research (OSR) laboratory at the South African Astronomical Observatory (SAAO) in Sutherland. This facility will be used solely for research and to host space monitoring projects with national and international partners. 

Nothing off table as Lonmin pursues value in low platinum price environment

By: Martin Creamer     7th April 2017 The tough new circumstance confronting platinum mining companies demands business unusual to cope with the low price environment. “Right now, sustainability is more important than anything,” says Lonmin CEO Ben Magara, who has also assumed direct hands-on COO control of all the operations in... 

Duncan Ayling

     7th April 2017 This week we feature Duncan Ayling, GM of Wind Prospect, a wind and solar engineering and technical consultancy providing services for developers, investors, lenders and utilities throughout Africa   

Tech firms must go beyond Congo's 'conflict minerals' to clean supply chain – study

By: Reuters     6th April 2017 Abuses linked to mining in countries such as Myanmar and Colombia are being overlooked by technology companies focused only on eliminating "conflict minerals" from war-torn parts of Africa in their supply chains, researchers said on Thursday. In Democratic Republic of Congo (DRC), competition for... 

Big miners have trouble joining technology revolution

By: Reuters     6th April 2017 Mining companies chasing the kind of technological breakthroughs made long ago in the manufacture of cars and mobile phones have unveiled eye-catching innovations ranging from vast drills and remote-controlled trucks to second-by-second data analysis. Behind the scenes, however, there has so far... 

Dynapac quality secures Eastern Cape local municipality tender for distributor, Universal Equipment

     6th April 2017 Dynapac distributor in Eastern Cape Province, Universal Equipment, was awarded the tender for the supply of two Dynapac CA510 Soil Rollers with compaction meter technology, to Lukhanji Local Municipality in Queenstown. Universal Equipment Managing Director, Riaan Claassen, attributes the... 

Rio Tinto sees bumpy ride for aluminum as China poses puzzle

By: Bloomberg     5th April 2017 Rio Tinto Group’s aluminum boss sees prices for the lightweight metal heading for an “extremely” volatile period, with uncertainty over when China will curb production helping to keep investors on edge. “That’s really where the uncertainty is at the moment,” Alfredo Barrios said in an interview... 

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