R/€ = 16.49 Change: 0.18
R/$ = 13.99 Change: 0.17
Au 1294.20 $/oz Change: 4.20
Pt 953.50 $/oz Change: 5.50


TNPA launches uMkhomazi tug

By: Megan van Wyngaardt     17th November 2017 Transnet National Ports Authority (TNPA) on Friday launched its penultimate tug as part of its R1.4-billion, nine-tug construction contract. The uMkhomazi tug, which means “place of cow whales” in Zulu, will serve at the Port of Durban. The moniker was given by the Zulus in reference to large... 

Sampling confirms lithium in Namibia – Montero

By: Martin Creamer     17th November 2017 Exploration and development company Montero, which is putting mineralisation to the test in Namibia in search of a lithium resource, on Friday confirmed the presence of the soft silver-white metal in central Namibia. “Montero’s first channel sampling programme has confirmed lithium,” Montero CEO... 

Allied Machine Announces VarioBore Precision Boring Head & System

     17th November 2017 Versatile tool features universal digital readout module Dover, OH - Allied Machine & Engineering, a leading manufacturer of holemaking and finishing tooling systems, announces Wohlhaupter’s VarioBore Precision Boring Head & System, a versatile and cost-effective tool that features a universal... 

Fire hits Freeport Indonesia port facility in Papua

By: Reuters     17th November 2017 A fire broke out at the main port used by copper miner Freeport-McMoRan Inc in Papua, Indonesia, on Thursday night, the company said. The fire occurred at the Amamapare port in a plant where copper concentrate from the giant Grasberg copper mine is processed before loading onto vessels for... 

New Summerstrand-based ale house opened

By: Simone Liedtke     17th November 2017 Eastern Cape-based manufacturing micro-brewery Dockside Brewery opened its Dockside Ale House in Summerstrand, Port Elizabeth, last month. 

Shipments of SA sugar resume after storm-related repairs to terminal

By: Victor Moolman     17th November 2017 A shipment of 31 000 t of bulk raw sugar was dispatched to London, in the UK, from Durban’s Maydon Wharf, in South Africa, earlier this month. This shipment aboard the cargo ship Centurius marks the third export of sugar to a European Union (EU) country after the instatement of the new Southern... 

Lincoln Gap Wind Farm project, Australia

By: Sheila Barradas     17th November 2017 Senvion has been issued a notice to proceed under a contract to install the first 35 turbines of the 59-turbine Lincoln Gap Wind Farm. 

German minerals firm K&S lifts Q3 earnings, adjusts Canada mine ramp-up

By: Mariaan Webb     15th November 2017 German potash and salt producer K+S on Wednesday reaffirmed its earnings forecast for the full year, as it posted higher third-quarter revenue and earnings. The Kassel-headquartered company, which has production sites in Europe, North America and South America, increased its revenue by 6%... 

Tharisa expects higher earnings

By: Martin Creamer     14th November 2017 Platinum group metals (PGM) and chrome coproducer Tharisa on Tuesday informed the market of higher upcoming 2017 financial year earnings. The company, headed by CEO Phoevos Pouroulis, foresees substantially higher earnings per share and headline earnings per share in US cents of 21c to 23c,... 

Iron Road finds more takers for infrastructure

By: Esmarie Swanepoel     14th November 2017 Iron-ore developer Iron Road has inked a memorandum of understanding (MoU) with grain growers in South Australia to develop a grain terminal and export facility. The MoU was signed with a recently formed farmers cooperative EPCBH and would see Iron Road work collaboratively to establish a grains... 

BCCEI strengthens negotiation skills through training

By: Megan van Wyngaardt     13th November 2017 To ease local wage negotiations in its industry, the Bargaining Council for the Civil Engineering Industry (BCCEI) has embarked on building strong negotiations through training. As part of this process, members of the National Negotiating Forum (NNF) have been undergoing training courses to... 

Fortescue Metals ends power supply agreement with TransAlta Corp

By: Reuters     13th November 2017 Iron-ore miner Fortescue Metals Group Ltd said on Monday it has terminated a power supply agreement with TransAlta Corp for its Port Hedland operations in Western Australia. The miner said in a statement it was not satisfied that TransAlta's obligations under the South Hedland Power Purchase... 

Aurizon confirms talks to buy Wicet coal terminal

By: Esmarie Swanepoel     13th November 2017 Australian freight rail operator Aurizon on Monday confirmed that it was in preliminary discussions to acquire the Wiggins Island coal export terminal (Wicet), in Queensland. Wicet is currently owned by a consortium of Australian and international resource companies, including Glencore and New... 

Civil Engineering Bargaining Council Charts The Way

     13th November 2017 With the Bargaining Council for the Civil Engineering Industry (BCCEI)representing two unions and two employer organisations, it provides services to 760 companies and 68 000 employees, much is at stake when it comes to ensuring compliance and stability in the sector. “The council offers a range... 

New carton recycling plant enhances recycling of liquid packaging

By: Dylan Slater     10th November 2017 An investment of R46-million in a first-of-its-kind recycling plant in South Africa – commissioned in July after a six-month construction period – at the Springs-based recycling facility of paper and plastics packaging company Mpact is set to reduce the volume of liquid- packaging cartons going... 

Company offers valve solutions for abrasive, slurry applications

     10th November 2017 ARVALV through-port knife-gate valves have long been the product of choice for challenging abrasive and scaling applications at plants and facilities where extended service life is a must, states valve and instrumentation supplier AR Controls. The ARVALV range is manufactured, stocked, and... 

New carton recycling plant enhances recycling of liquid packaging

By: Dylan Slater     10th November 2017 An investment of R46-million in a first-of-its-kind recycling plant in South Africa – commissioned in July after a six-month construction period – at the Springs-based recycling facility of paper and plastics packaging company Mpact, is set to reduce the volume of liquid-packaging cartons going... 

Meccano enthusiast builds follow-up to his world’s most massive model

By: Creamer Media Reporter      10th November 2017 Meccano enthusiast builds follow-up to his world’s most massive model. In 2014, after an almost five-year build, retired university mathematics lecturer Graham Shepherd claimed to have built the world’s largest model, by mass, out of Meccano or any similar metal-based system. This was the 1 335... 

Aberdare Cables

     10th November 2017 Southern Africa’s largest cable manufacturer Aberdare Cables, established in 1946, offers cable design, product development, installation support, commissioning and diagnostic testing through its engineering services division. “Through our people and customer relationships, we deliver... 

N2 Wild Coast Toll Road megabridges project, South Africa

By: Sheila Barradas     10th November 2017 The tender process for the construction of the Msikaba bridge, in the Eastern Cape, has been reopened.  

Gwadar East Bay expressway, Pakistan

By: Sheila Barradas     10th November 2017 An engineering, procurement and construction management contract for the Gwadar East Bay expressway project has been signed. 

Zanaga iron-ore project granted environmental permit

By: Creamer Media Reporter      8th November 2017 The Ministry of Environment of the Republic of Congo (RoC) has granted Aim-listed Zanaga Iron Ore Company (ZIOC) an environmental permit for its Zanaga project. The permit covers the project's first phase of development, which is expected to produce 12-million tonnes of iron-ore. 

US signs $524.7m investment compact with Côte d'Ivoire

By: Reuters     8th November 2017 The Millennium Challenge Corporation, the US government's main development fund, said on Tuesday it had signed a $524.7-million investment compact with Côte d'Ivoire to build schools and improve roads around the busy port in the commercial capital Abidjan. The five-year compact was signed at the... 

Korab gets export capacity at Darwin

By: Esmarie Swanepoel     8th November 2017 Diversified explorer Korab Resources has inked a non-binding heads of agreement (HoA) with the Darwin Port operator to export some 500 000 t/y of magnesite rock through the port. The HoA included sub-leasing of the land, access to various port facilities, the use of loaders and other equipment,... 

New Frontier acquires warehouse facility in Ireland

By: Anine Kilian     7th November 2017 JSE- and-AltX listed New Frontier Properties has acquired Unit 1 of the Stadium Business Park, in Dublin, Ireland, for €8.6-million, representing a net initial yield of 8.23%. “This purchase in Dublin is in line with our investment strategy to acquire European logistics and warehouse properties... 

China iron-ore hits six-week high, but steel output curbs to weigh

By: Reuters     7th November 2017 Iron ore futures in China rallied to their highest in nearly six weeks on Tuesday, extending recent gains along with steel prices, although steel production curbs over winter suggest further price increases in the raw material may be limited. Chinese cities have ordered their steel mills to cut... 

Brazil regulator rejects Vale bid to change output target for railroad

By: Reuters     7th November 2017 Brazil's transportation regulator ANTT has rejected a request from Vale, the world's top iron-ore producer, to change its production goals for the Carajas Railroad this year, according to a notice by the Official Gazette on Monday. Production goals for Vale's Carajas project, the world's largest... 

BAIC SA appoints new CFO

By: Anine Kilian     6th November 2017 BAIC South Africa (SA) has appointed Batandwa Mdyesha CFO, with immediate effect. She was previously the CFO of State-owned mining company African Exploration Mining and Finance Corporation. 

Shipping company cleaning up Durban cargo spill

By: News24Wire      6th November 2017 According to a statement released in Geneva on Friday by Mediterranean Shipping Company (MSC) specialised boats and machinery are trying to extract the vast quantities of "nurdles" (raw plastic pellets) floating in the Durban harbour following a cargo spill by container ship MSC Susanna 24 days... 

Universal Storage Systems

By: Creamer Media Reporter      3rd November 2017 From its head offices at 6 Kruger road, Strijdom Park, Johannesburg, Universal Storage Systems offers steel racking, shelving and mezzanine storage solutions to the national and international markets. With branches in Cape Town, Durban, Port Elizabeth and Nelspruit, Universal Storage Systems’... 

Transnet resumes operations at Port of Durban after KwaZulu-Natal storms

By: African News Agency      2nd November 2017 State-owned freight and logistics company Transnet said on Thursday that 100% of marine operations at the Port of Durban have resumed following a violent storm in KwaZulu-Natal last month. Last month inclement weather left a trail of destruction in the country’s busiest port, the Port of Durban... 

October new-vehicle sales up 4.6%, Porsche follows in Merc, BMW footsteps

By: Irma Venter     1st November 2017 New-vehicle sales in October increased for the fifth month in a row, improving by 4.6% on sales in the same month last year, to reach 51 037 units. Passenger car sales carried the market in October, with all other segments in decline. 

Indian petcoke ban to boost coal imports amid already tight market

By: Reuters     1st November 2017 A ban on petroleum coke around the Indian capital of New Delhi starting from Wednesday will require the country to raise its imports of coal to replace the fuel, just as Asia is heading into the tightest market conditions for coal in years. India's annual demand for petroleum coke, an energy... 

Australia's project pipeline strong despite end of mining boom

By: Esmarie Swanepoel     1st November 2017 Australia’s resources sector continues to contribute to investment in the Australian economy, despite the apparent end to the so-called mining boom. Advisory firm Deloitte Access Economics this week reported that the total value of projects in its Investment Monitor database rose by... 

Transnet looking abroad for growth as it again pares back South Africa capex 

By: Terence Creamer     30th October 2017 State-owned freight logistics group Transnet continues to pare back its investment portfolio in the South African, which is expected to grow by less than 1% in 2017. The group, which operates rail, port and pipelines businesses, expects to invest R229.2-billion over the coming seven years,... 

NMDC requests protecton from ultra-left extremists in Chhattisgarh

By: Ajoy K Das     27th October 2017 Indian iron-ore miner NMDC has stated that ultra-leftwing extremism and violence pose the greatest risk to its assets in central Indian province of Chhattisgarh. In a company statement, NMDC points to disturbances created by extremists in the Bailadila region, where it operates iron-ore mines. 

Detailed design under way for refurbishment of Mossel Bay slipway 

By: Anine Kilian     27th October 2017 Transnet National Ports Authority’s (TNPA’s) Port of Mossel Bay has appointed a service provider to provide a detailed design for the refurbishment of the port’s 500 t slipway and sideslip facility. The refurbished facility will cater primarily for fishing vessels.  

Transnet Freight Rail anticipates economic uptick, aims to unlock intraregional collaboration 

By: Samantha Herbst     27th October 2017 Despite being at the mercy of economic uncertainty, compounded by sometimes heavily fluctuating commodity prices, State-owned rail transport company Transnet Freight Rail (TFR) has identified itself as a key economic enabler that aims to boost the South African economy by trying to unlock areas... 

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