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Tanzania concentrate export ban weighs on Acacia’s H1 performance

By: Natasha Odendaal     21st July 2017 Tanzania’s ongoing concentrate export ban, implemented in March, has significantly impacted on LSE-listed Acacia Mining’s results for the first six months of the year. Despite delivering its highest-ever first-half production levels during the period to June, Acacia now expects production to stay... 

Telkom injects R200m into educational programmes

By: Natasha Odendaal     21st July 2017 Telecommunications giant Telkom has pledged R200-million over the next five years towards a scalable three-phased strategy to deploy educational programmes in high schools in disadvantaged communities. Through the group’s Connected Schools Programme (CSP) and Supplementary Teaching Programme,... 

Icasa number portability report shows room for improvement

By: Natasha Odendaal     21st July 2017 The Independent Communications Authority of South Africa (Icasa) has recommended the establishment of a technical committee to ensure a “quicker response” to the requirements outlined in its newly published Number Portability Findings Report. The findings report, published earlier this week,... 

Iron’s surge to $70 draws out sceptics as prices reverse

By: Bloomberg     21st July 2017 Iron-ore’s strong start to the second half and surge above $70 a metric ton will probably fade through the year-end as demand from top buyer China slows and global mine supplies remain robust, according to Sucden Financial and Bank Julius Baer & Co. “Any significant uptick in seaborne cargoes... 

‘Near-new’ processing plant puts Mt Mulgine on accelerated path

By: Mariaan Webb     21st July 2017 Tungsten developer Tungsten Mining is embarking on a fast-tracked, low capital expenditure (capex) development pathway for its Mt Mulgine project, in Western Australia, with the acquisition of a second-hand processing plant from Pilbara Minerals. Tungsten will pay A$600 000 for the “near-new”... 

Buffalo Coal in push to slash debt and improve safety and operational efficiency

By: Ilan Solomons     21st July 2017 South African bituminous and anthracite coal miner Buffalo Coal is determined to repay all its debt and continue to improve safety standards, while improving overall operating capability to ensure its operations become optimally efficient, says interim CEO Rowan Karstel, who was speaking to... 

Durban port upgrade and expansion project, South Africa

By: Sheila Barradas     21st July 2017 The project to lengthen and deepen two berths at the Durban Container Termnal has been approved. 

Exhibition facilitates industrial growth in KZN

By: Robyn Wilkinson     21st July 2017 This year’s KwaZulu-Natal Industrial Technology Exhibition (Kite) will provide businesses in the province with an ideal access route to the key resources required to ramp up their operations in line with government’s extensive and ongoing investment in new manufacturing endeavours. 

May unveils British initiatives aimed at reducing Africa’s reliance on aid

By: Keith Campbell     21st July 2017 British Prime Minister Theresa May used the recent G20 Summit in Hamburg, Germany, to announce a series of new British initiatives intended to reduce the reliance of African countries on aid and increase their long-term stability and prosperity. This was in line with a theme for the summit... 

Black Iron reinvigorates Ukraine iron-ore project on favourable exchange rate

By: Mariaan Webb     20th July 2017 Canadian explorer and developer Black Iron will develop a new preliminary economic assessment (PEA) for its Shymanivske iron-ore project, in Ukraine, to take into account the favourable exchange rate and a phased development plan. Instead of a 9.9-million-ton-a-year operation, as considered in... 

Diamond output leap helps Anglo

By: Martin Creamer     20th July 2017 A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a copper-equivalent basis. Rough diamond production increased by 36% to 8.7 million... 

Ethiopia plans to offer firms shares in road projects – finance minister

By: Reuters     19th July 2017 Ethiopia plans to offer shares in its road-building and maintenance projects to private investors, its finance minister said on Tuesday, the latest step to open up and modernise the state-led economy. The Horn of Africa country has over 113 000 km (68 000 miles) of paved roads and plans to... 

BC Iron launches PFS on salt project

By: Esmarie Swanepoel     19th July 2017 A scoping study into the Mardie salt project, in the Pilbara, has found that the project could support a production rate of between 3-million and 3.5-million tonnes a year over a mine life of 20 years. ASX-listed BC Iron on Wednesday told shareholders that the scoping study estimated a capital... 

Champion stock gains on resolving longstanding Sept-Îles Port dispute

By: Henry Lazenby     18th July 2017 The TSX-listed stock of project redeveloper Champion Iron on Tuesday gained more than 4% after the company announced that it has settled a dispute with the Sept-Îles Port Authority, from where iron-ore product from the Bloom Lake mine, in Quebec, will be shipped to market. The Montreal-based... 

Vitol drops plan to buy Gupta stake in RBCT

By: Bloomberg     18th July 2017 Vitol Group, the world’s largest independent oil trader, walked away from a deal to buy a stake in the Richards Bay Coal Terminal from a company controlled by South Africa’s Gupta family. “The consortium comprising Vitol and Burgh Group Holdings will not be proceeding with the acquisition,” the... 

Historic diamond hub feels the brunt as Americans buy fewer gems

By: Bloomberg     14th July 2017 An ugly year for diamonds in the vital US market is piling pressure on Europe’s historic center of the $80-billion global trade. Diamond trading companies in the Belgian port city of Antwerp, which has been the industry’s trading capital for five centuries, were already feeling the pinch from a... 

Australian products showcased at event

By: Robyn Wilkinson     14th July 2017 Following the establishment of Australia-based industrial solutions provider HMA Group’s South African subsidiary, the company is looking forward to showcasing its diverse offering at this year’s POWER-GEN & DistribuTECH Africa. 

Increased demand for fibre connectivity cables and accessories

By: Marleny Arnoldi     14th July 2017 Cable accessories company Tank Industries says the telecommunications industry is picking up, owing to the uptake of fibre-optic cables in domestic and new build commercial installations.  

Latest product range for carrying cables to be showcased

By: Marleny Arnoldi     14th July 2017 At its annual expo scheduled to take place on September 14 and 15, technical solutions provider Bearing Man Group (BMG) will showcase industrial motor control manufacturer Tsubaki’s Kabelschlepp roller supporter chain (RSC) system, which is used to carry cables and suitable for cranes and long... 

New solutions make LNG to power a reality in Africa

By: Robyn Wilkinson     14th July 2017 Marine and energy solutions provider Wärtsilä will present solutions that provide a way for the South African government to realise its liquefied natural gas (LNG)-to-power ambitions in a realistic, cost-effective and swift manner at this year’s POWER-GEN & DistribuTECH Africa. 

Nigerian Society of Engineers on how private sector can be incentivised to build infrastructure

By: Irma Venter     14th July 2017 The public sector in Africa should understand and nurture the idea that increased private sector investment in infrastructure is the best way to achieve “intense job creation”, and to incentivise funding and skills transfer, says Nigerian Society of Engineers infrastructure and public-private... 

Atlas Copco product and training sponsorship empowers informal mechanics

     13th July 2017 Atlas Copco South Africa (Pty) Ltd has for the past five years been a proud supporter of the Filpro enterprise development programme, an inspirational initiative that empowers and upskills informal mechanics to become active participants in the country’s formal mainstream economy. Social... 

Glencore said to draw Liberty House bid for Australian mine

By: Bloomberg     12th July 2017 Liberty House Group, fresh off a deal for Australian steel mill Arrium, is among bidders for a Glencore coal mine that could fetch as much as A$500-million, people with knowledge of the matter said. Liberty House’s GFG Alliance joint venture submitted an indicative offer for the Tahmoor mine by... 

Toro receives federal approval for Wiluna uranium project

By: Ilan Solomons     10th July 2017 Federal Environment and Energy Minister Josh Frydenberg has granted environmental approval for Toro Energy’s Wiluna extension uranium project, in Western Australia.   The project was assessed under a bilateral agreement between federal and state governments initiated in February 2014.  ASX-listed... 

Merkel calls for G20 compromise as crunch climate talks start

By: Reuters     7th July 2017 German Chancellor Angela Merkel pressed fellow Group of 20 leaders to compromise at the start of talks on climate and trade that have pitted US President Donald Trump against virtually every other country in the club of leading economies. The host of the G20 summit addressed her counterparts on... 

China, France eye Gambian port upgrade to rival Dakar

By: Reuters     7th July 2017 Chinese and French companies are bidding to help Gambia build up its Atlantic port Banjul to be what industry sources say could be a rival to neighbouring Senegal's Dakar. It would be one of the first major structural changes in Gambia following the end of President Yahya Jammeh's more than... 

Iron-ore exports to China from Australia's Port Hedland edge down in June

By: Reuters     7th July 2017 Iron-ore shipments to China from Australia's Port Hedland terminal dropped to 36.6-million tonnes in June from 38-million tonnes the month before, port data released on Friday showed. Overall iron ore shipments from the world's biggest export terminal for the steelmaking raw material dipped to... 

Charter destroying national patrimony, depriving citizens of economic wellbeing

By: Martin Creamer     7th July 2017 Fourteen years ago, I attended a sod-turning ceremony at a manganese project in South Africa’s Northern Cape, made possible by a R1.7-billion equity investment by foreigners. These investors were prepared to bet on the successful development of a new manganese mine in the Kalahari, with one... 

Explorer seeking partners to support its efforts to tap Mauritania’s mineral wealth

By: Ilan Solomons     7th July 2017 Mauritania has many mining investment opportunities, with economic, social and political conditions conducive to the pursuit of developing a sector considered strategic by the country’s government, says Oil, Energy and Mines Minister Dr Mohamed Abdel Vetah. He points out that the Mauritania... 

Musina intermodal terminal expected to improve cross-border trade

By: Schalk Burger     7th July 2017 The Musina Intermodal Terminal (MIT), launched in June, is set to reduce the cost of cross-border trade, especially for bulk commodities, on the North-South trade corridor. The terminal, about 3 km outside Musina and about 13 km from the Beitbridge border post, will serve to move commodities,... 

VWSA aims to use empowerment trust to transform supplier base

By: Irma Venter     7th July 2017 Volkswagen Group South Africa (VWSA) last month officially launched its broad-based black economic empowerment (B-BBEE) Initiatives Trust. The aim of the trust is to increase the number of black-owned suppliers in the automotive sector value chain.  

Transnet suspends operations on Richards Bay coal line

By: Megan van Wyngaardt     6th July 2017 Operations along Transnet’s Richards Bay coal line (RBCL) have been suspended, owing to ongoing violent community protests across KwaZulu-Natal. The State-owned company on Thursday said the step was taken to curb potential losses to the local economy, with Transnet working closely with customers... 

Arrium sale brings certainty for Whyalla workers – govt

By: Esmarie Swanepoel     6th July 2017 Both the federal and state governments have welcomed a deal to save the struggling Arrium steel plant and iron-ore mining operation in Whyalla, South Australia. The administrators of Arrium Mining and Materials earlier this week struck a deal with London-based GFG Alliance after the company... 

Malaysia's bauxite exports rise despite mining ban

By: Reuters     6th July 2017 A year and a half after banning bauxite mining to force miners to meet environmental standards, Malaysia's exports to main customer China are again growing, raising public anger over illegal mining. Residents and politicians in the east coast bauxite mining region are calling for a total export... 

Iron-ore market faces extreme volatility for couple of years

By: Bloomberg     5th July 2017 Iron-ore markets are heading for a very bumpy ride in the next couple of years, marked by significant price swings as the steel industry in China restructures, according to the developer of a planned $3.7-billion mine in Australia. “Extreme volatility is going to be a hallmark of the market for... 

New premises for SEW-EURODRIVE PE to cater for growing Eastern Cape market

     5th July 2017 SEW-EURODRIVE South Africa’s Port Elizabeth branch has relocated to Unit 4, Aldo Business Park, Old Cape Road in Greenbushes, reflecting both the growth of the branch and the importance of the Eastern Cape region, according to Branch Manager Francois Sieberhangen. Although Port Elizabeth is the... 

Poland sees Trump visit catalyst to cut Russian gas reliance

By: Bloomberg     5th July 2017 Polish leaders are betting Donald Trump’s visit to Warsaw starting on Wednesday, two days before the US President meets his Russian counterpart, will bolster their efforts to reduce the nation’s dependence on natural gas from its eastern neighbour. Less than a month after Poland’s Baltic Sea... 

UK’s GFG Alliance signs binding deal to buy struggling steelmaker Arrium

By: Esmarie Swanepoel     5th July 2017 London-based GFG Alliance will buy the struggling Arrium steel plant and iron-ore mining operation in Whyalla, South Australia. GFG Alliance, headed by Sanjeev Gupta, on Tuesday submitted a modified offer for the Arrium Australia businesses, prompting the administrators to back the bid, despite... 

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