R/€ = 16.25 Change: 0.00
R/$ = 14.48 Change: 0.00
Au 1200.53 $/oz Change: -6.35
Pt 841.50 $/oz Change: -11.02


Morwe signals strategy shift as he prioritises restoration of trust amid ‘turbulance’ 

By: Terence Creamer     7th November 2018 Transnet acting CEO Tau Morwe is prioritising the restoration of trust, internally and externally, which he acknowledges has been affected by the “turbulence” associated with recent action taken by the board to tackle corruption and recover money “siphoned” from the State-owned company. However,... 

Storage shelving, better option for plastic pallets

2nd November 2018 Pallet supplier Premier Pallets posits that for companies to optimise storage space, a racking-system (racking without centre support or shelving) is the logical way to go, however, this premise comes into question when companies use plastic pallets in factories. The company indicates that the... 

Shipping delay hits Copper Mountain Q3 results

By: Creamer Media Reporter      1st November 2018 The share price of Vancouver-based miner Copper Mountain fell to a 52-week low on Wednesday, after the company posted a third-quarter adjusted loss of C$8.31-million, after a shipping delay and lower prices hit revenue. The company explained that its revenue fell from C$77.15-million in the... 

TNPA granted enviro approval for R1.4bn Richards Bay floating dock

By: Marleny Arnoldi     31st October 2018 The Department of Environmental Affairs (DEA) has given Transnet National Ports Authority (TNPA) the green light to build a long-awaited R1.4-billion floating dock at the Richards Bay port. The floating dock facility, which will be located at the port’s Small Craft Harbour, forms part of the... 

Port of Richards Bay Floating Dock Receives Green Stamp of Approval

31st October 2018 The Department of Environmental Affairs (DEA) has given Transnet National Ports Authority’s (TNPA) Port of Richards Bay the green light to construct its long-awaited multi-million-rand floating dock infrastructure. The new R1.4 billion floating dock facility, which will be located at the port’s... 

ELB and NOVATEC forms partnership to combine innovation and new technologies into engineered solutions

By: Creamer Media Reporter      30th October 2018 ELB Engineering Services (Pty) Ltd (ELB) is pleased to announce a partnership agreement between ELB and NOVATEC New Technologies (NOVATEC), based in Labin, Croatia. NOVATEC is a computer engineering, process automation and system integration company and active in the South African market since... 

Raubex rightsizes road rehab division as lower Sanral work volumes bite 

By: Marleny Arnoldi     29th October 2018 JSE-listed Raubex Group continued to experience challenging conditions in the South African construction industry in the six months ended August 31, particularly in the road construction sector, reporting a 57.4% decline in operating profit to R157-million, compared with the R370-million profit... 

Debt-trap diplomacy?

By: Martin Zhuwakinyu     26th October 2018 I have made no bones about my cynicism about Chinese generosity towards African countries, which has taken the form of top-dollar freebies, government and State-owned company loans and investment in infrastructure. As I have said before, my uneasiness heightened when it came to light that Sri... 

BTT starts construction on Richards Bay LPG storage facility  

By: Tasneem Bulbulia     25th October 2018 Bulk liquid storage operator Bidvest Tank Terminals (BTT) on Thursday celebrated the start of construction on its R1-billion mounded liquified petroleum gas (LPG) storage facility in Richards Bay. The facility is set to house the largest tanks in the world once completed and is anticipated to... 

Drone Racing First For Port Elizabeth

25th October 2018 Drone and technology enthusiasts are in for a treat when South Africa's top pilots will race in a unique Drone Night Racing exhibition at the Nelson Mandela Bay Stadium in Port Elizabeth on November 8. Sixteen of South Africa's top pilots will demonstrate the spectacle of drone racing, which says... 

Huge Portals Delivered To Nelson Mandela Bay

24th October 2018 A leading construction company has taken delivery of two Condra 60-ton portal cranes for its pre-cast yard in Port Elizabeth. The twin Class Three machines, each one weighing approximately 52 tons, are very large cranes with 30-metre spans and 9-metre lift heights.  They will be used for the... 

There is room for more ride-hailing services, says Taxify country manager

By: Irma Venter     23rd October 2018 Taxify believes there is room for another electronic ride-hailing service in South Africa. US-based Uber started operations in South Africa in 2013, with Estonia’s Taxify moving into the country in 2016. 

Grindrod buys marine support services business

By: Nadine James     23rd October 2018 JSE-listed Grindrod said on Tuesday that the recently announced acquisition of the Novagroup from Pescanova would enhance its service and product offering, as well as expand its footprint in southern Africa. Nova was established in the 1960s to deliver support services to the maritime industry,... 

Kumba on track to meet FY18 guidance 

By: Nadine James     23rd October 2018 Although rail constraints resulted in a reduction in export sales for Kumba Iron Ore during the third quarter ended September 30, the Anglo American subsidiary remains on track to meet its full-year guidance of producing between 43-million and 44-million tonnes of iron-ore. The iron-ore miner on... 

ALROSA starts large rough diamond auction in Vladivostok

19th October 2018 ALROSA, the world's largest diamond mining company, is starting the forth auction this year for the sale of special size rough diamonds (over 10.8 carats) in Vladivostok. The auction will start on October 22, and the results will be announced on November 2.   The company is putting for sale 166... 

Amid falling platinum prices, PGM miners upping chrome ore production to improve profitability 

By: Nadine James     19th October 2018 Some platinum group metals (PGM) producers have become large producers of chrome ore to improve their profitability, says Kagiso Asset Management investment analyst Mandi Dungwa. South Africa is the world’s largest chrome producer, delivering more than half of the global ore supply in 2017, with... 

Tech, fashion showcased in iconic African designs

By: Natasha Odendaal     19th October 2018 A successful campaign aimed at bringing to life the transformative capabilities of data has revealed the combination of the power of technology and fashion and turned a concept into a dialogue. A thought-provoking project under the bannered theme “Fabric” undertaken by Siemens in August... 

Containerised workshop facilitates hydraulic services

19th October 2018 Hydraulics components supplier Hytec Services Africa (HSA), part of hydraulic components supplier Hytec Group, has launched its mine site based containerised hose workshops to provide a comprehensive onsite hose and fittings service to its mining clients across Africa. Set up in refurbished and... 

Hytec Group companies reduce OEM’s energy costs

19th October 2018 In a first for South Africa, automation solutions provider Tectra Automation and hydraulic solutions provider Hytec collaborated to aid a motor vehicle original-equipment manufacturer (OEM) reduce energy costs at its Port Elizabeth engine plant. 

Port of Cape Town infrastructure and port development projects, South Africa

By: Sheila Barradas     19th October 2018 The Transnet National Ports Authority has identified infrastructure and port development projects that will address three critical sectors in the Port of Cape Town – liquid bulk, ship repair and tourism. 

Olkaria V geothermal power plant project, Kenya

By: Sheila Barradas     19th October 2018 The project is three quarters complete and on schedule for commissioning in July next year. 

Transnet starts preparation work on reconstruction of Island View accumulator tanks

By: Creamer Media Reporter      18th October 2018 State-owned Transnet has started preparation work on the reconstruction of the accumulator tanks at the Island View precinct in the Port of Durban, with the project expected to get under way in 2019. The project plan for the reconstruction of the tanks is currently at a feasibility phase, with... 

BHP iron-ore output up, FY copper guidance trimmed

By: Esmarie Iannucci     17th October 2018 Diversified giant BHP has reported increases in copper and iron-ore production during the three months to September, while petroleum and coal production fell. Iron-ore production for the three months to September was up by 10% on the previous corresponding period, to 61-million tonnes of ore,... 

Ramp-up for Anglo American's Minas Rio mine likely delayed to 2021

By: Reuters     16th October 2018 Anglo American should restart operations at its Brazilian Minas Rio iron ore mine in November or December but a planned ramp-up to 26.5-million tonnes per year is likely to be pushed back to 2021 from 2020 as previously expected, the miner's Brazil chief said on Tuesday. The company halted... 

TNPA tests helicopter service at Cape Town port 

By: Simone Liedtke     15th October 2018 Transnet National Ports Authority (TNPA) is exploring options to introduce a helicopter service at its Port of Cape Town to assist with operations during major swells and to increase the availability of service during stormy conditions. With Cape Town having been plagued recently by... 

KenGen says new geothermal plant nearly ready

By: Reuters     12th October 2018 KenGen's new 165.4 MW capacity plant powered by geothermal steam is three quarters complete and on schedule for commissioning next July, Kenya's main electricity producer said on Friday. Geothermal steam, hot underground steam found in the Rift Valley which is used to drive turbines for... 

Polymer Concrete Market Growing At 3.5% CAGR To Reach USD 600 Million By 2025

12th October 2018 According to a new research report by Global Market Insights, Inc. Polymer Concrete Market size is forecast to exceed USD 600 million by 2025. High polymer prices may prove to become a obstacle in the growth of the polymer concrete market. Few resins, fibers or acrylates that are added to the... 

Bulk water supply project nears completion

12th October 2018 Phase 1 of the design and implementation for the augmentation of the James Kleynhans Bulk Water Supply project in Makhanda – formerly known as Grahamstown, in the Eastern Cape – which started last year in September is due for completion in December. The first phase of the four-phase project,... 

Cranes used for heavy lifting on N2 upgrade

12th October 2018 Midrand-based crane rental agency Concord Cranes deployed equipment manufacturer Liebherr’s 440T mobile cranes to the N2 Mtunzini-to-Empangeni upgrade project in KwaZulu-Natal for main client the South African National Roads Agency Limited (Sanral). According to Sanral, this has been acknowledged... 


12th October 2018 Container ships moored alongside ship-to-shore cranes at Mombasa port, in Kenya. The East African economy expanded by 6.3% in the three months to the end of June, up from 5.7% in the previous quarter, the Kenya National Bureau of Statistics reported in Septemebr. The accelertion was supported by... 

Durban Container Terminal: Pier 2 North Quay berth deepening project, South Africa

By: Sheila Barradas     12th October 2018 Transnet plans to create deeper berths at the Durban Container Terminal Pier 2’s North Quay to enable the Port of Durban to accommodate newer-generation container vessels. 

New equipment to boost PE port’s manganese export capacity by 1.8 Mt/y

By: Marleny Arnoldi     10th October 2018 Transnet Port Terminals (TPT) has taken delivery of the first two of four RAM rotating spreaders that are set to create an additional 1.8-million tons a year of capacity for manganese exports at its Port Elizabeth (PE) terminal. A further two spreaders will arrive from China at the end of... 

Ford produces first trial Ranger Raptors in SA, invests another R160m

By: Irma Venter     10th October 2018 The Ford Motor Company of Southern Africa has produced its first batch of trial Ranger Raptor bakkies at its Silverton assembly plant, in Pretoria. In preparation for full-scale production of the new model, the plant assembled its first ten official Ranger Raptor units as part of the tooling... 

Africa needs to invest more in infrastructure to meet Agenda 2063 goals

By: Marleny Arnoldi     9th October 2018 For Africa to reach its Agenda 2063 goals, the necessary infrastructure needs to be in place, especially to support Africa’s accelerated integration and growth, technological transformation, trade and development. This will include high-speed railway networks, roads, shipping lines, sea and air... 

Altura ships first lithium

By: Esmarie Iannucci     9th October 2018 Lithium miner Altura Mining has shipped its first cargo of spodumene concentrate from Port Hedland to its offtake partner in China. The company on Tuesday said that some 5 000 t of spodumene concentrate was loaded onto the vessel MV Clipper Tenacious, which was shared with two other exporters. 

Australia’s Newcastle port is ordered to cut coal carrying costs for Glencore

By: Esmarie Iannucci     8th October 2018 The Australian Competition and Consumer Commission (ACCC) has ordered the Port of Newcastle Operations (PNO) to reduce its charges for ships carrying coal for mining major Glencore by 20%. In January 2015, PNO increased the charge for coal ships entering the port by about 40% to A$0.69/t. 

Vitol, Trafigura to bid for coal mines once owned by Guptas

By: Bloomberg     5th October 2018 Commodities traders Vitol Group and Trafigura Group have entered the bidding process for South Africa’s Optimum Coal, a miner under bankruptcy protection that was once controlled by the Gupta family. The interest from two of the biggest commodities trading houses underscores the strategic value... 

Balking miners jeopardise $2.8bn Mozambican coal rail

By: Bloomberg     5th October 2018 A plan to develop a $2.8-billion railway and port to ferry coal in Mozambique may collapse because miners are balking, according to the man trying to build it. Failing to get the project off the ground would deprive the southern African country of a source of revenue it’s come to rely on as it... 

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