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Fortescue cuts Atlas Iron stake, to retain ‘substantial holding’

By: Esmarie Iannucci     6th August 2018 Iron-ore major Fortescue Metals on Monday said that it would retain a “substantial shareholding” in takeover target Atlas Iron, despite reducing its interest from 19.9% to 11.37%. “Fortescue has considered its options with regard to the 19.9% shareholding in Atlas Iron and has decided to retain... 

India's Goa state to push federal govt to restart mining

By: Reuters     6th August 2018 India's Goa state on Friday passed a resolution asking the state's chief Minister to push the federal government to amend laws to restart mining across the state, a state lawmaker said, months after the country's top court quashed mining permits. The resolution seeks to amend laws in Goa so that... 

This Women’s Day we celebrate a future leader from Motherwell

By: Creamer Media Reporter      3rd August 2018   August is a special for Engen. It is Women’s Month, and it provides the company with an opportunity to reflect upon its commitment to helping gifted South African women explore new horizons.   Babalwa Pendlani is one of many young women whose horizons have broadened thanks to Engen.   Despite... 

S African company supplies four hoppers to Kenyan port

By: Halima Frost     3rd August 2018 South Africa-based equipment supplier BLTWORLD has assisted in supplying four materials handling specialist SAMSON Eco-Hoppers to the Kenyan Port of Mombasa, in June this year. Acquiring the hoppers is part of the Mombasa Resilient Infrastructure Programme (MRIP) initiative by the Kenya Ports... 

New appointments to help ship repair focus

3rd August 2018 Transnet National Ports Authority (TNPA) has announced its new appointments and rotational changes to current harbour masters, all effective July 1, 2018.   

Maintaining Ngqura now easier and more cost effective

By: Halima Frost     3rd August 2018 South Africa’s newest deep-water port, the Port of Ngqura, has received its first piece of maintenance equipment since becoming operational in 2009. The vehicle, a crane truck – estimated to be valued at R1.8-million – was specifically modified to meet the ports requirements, and will be used... 

Success of Africawide free trade area will partly rest on world-class infrastructure

By: Creamer Media Reporter      3rd August 2018 The construction industry - a key partner in the economic integration of the continent envisaged by the African Continental Free Trade Area By Mokate Ramafoko, PPC Managing Director: International Operations 

London court rules DP World Djibouti contract 'valid and binding' – Dubai govt

By: Reuters     2nd August 2018 Dubai's government said on Thursday the London Court of International Arbitration (LCIA) has ruled DP World's port container terminal contract in Djibouti was valid and binding. The government of Djibouti seized the Doraleh Container Terminal from DP World in February over a dispute dating back... 

EPA backs plans to revive Paroo Station lead mine

By: Esmarie Iannucci     1st August 2018 The Western Australian Environmental Protection Authority (EPA) has backed plans to restart operations at the Paroo Station lead mine, near Wiluna. EPA chairperson Tom Hatton said the proposal from Rosslyn Hill Mining to expand the current mining operation by 400 ha and introduce new lead... 

Cokal gets funding partner for BBM

By: Esmarie Iannucci     1st August 2018 ASX-listed Cokal has secured development funding for its 60% owned Bumi Barito Mineral (BBM) pulverised coal injection (PCI) coal project, in Indonesia. Cokal on Wednesday told shareholders that it had executed a binding term sheet with Aahana Global Resources & Investment, a special purpose... 

Nacala corridor transaction reaffirms ‘Africa open for business’

By: Simone Liedtke     30th July 2018 Owing to a consortium of three export credit agencies (ECAs), the African Development Bank (AfDB) and a lending consortium of six international and four South African banks, a collaboration on funding for the revamp and extension of the Nacala Logistics Corridor has successfully raised... 

Rey sells Duchess Paradise for A$24m

By: Esmarie Iannucci     30th July 2018 ASX-listed Rey Resources has signed a deal with Yuanrun Investment to divest of its Duchess Paradise thermal coal project, in Western Australia, for A$24-million. Yuanrun will pay A$2-million to Ray within ten days of the agreement, with the payment treated as a non-refundable deposit. 

Hulamin sells well despite US import tariffs, decreased trade with China

By: Marleny Arnoldi     30th July 2018 JSE-listed aluminium supplier and exporter Hulamin has declared a 77% decrease in headline earnings a share to 13c for the six months ended June 30, partly owing to the 7% strengthening of the rand against the dollar to an average of R12.30 in the period, compared with an average of R13.22 in the... 

Funding a vital link across 912kms

27th July 2018 Railway infrastructure is key to the growth of any economy – all the more, if you are exporting coal across international trade waters. Thanks to the revamped and extended Nacala Logistics Corridor, the Moatize coal mine in the northwest Tete region of Mozambique can now export greater volumes of... 

MinRes to earn into Brockman’s Marillana project

By: Esmarie Iannucci     27th July 2018 ASX-listed Mineral Resources (MinRes) has struck a deal with fellow-listed Brockman Mining, which could see it acquire a 50% share in the Marillana iron-ore project, in the Pilbara. Under a farm-in agreement, MinRes could earn a 50% interest in the project by spending A$250 000 on exploration... 

BAIC vehicle manufacturing plant project, South Africa

By: Sheila Barradas     27th July 2018 Beijing Automotive Group Corporation South Africa opened its 88 969 m2 vehicle assembly plant, in the Coega Industrial Development Zone, on July 24.  

New milestone set at Gamsberg zinc project

By: Martin Creamer     26th July 2018 The completion of the main construction activities and commissioning of the front-end ore crushing, handling and stockpiling system for the Gamsberg zinc mine project in the Northern Cape is seen as a significant milestone. Completed for the Black Mountain Complex – part of the Vedanta Resources... 

ELB Successfully Commission Gamsberg Ore Handling System

By: Creamer Media Reporter      26th July 2018 The completion of the main construction activities and commissioning of the front-end ore crushing, handling and stockpiling system during the month of July 2018 by ELB Engineering Services (Pty) Ltd (ELB) and their business partners for the Gamsberg Zinc Mine Project in the Northern Cape for the... 

Transnet signs manganese capacity allocation contract with Assmang

By: Anine Kilian     25th July 2018 State-owned Transnet has signed a seven-and-a-half-year Manganese Export Capacity Allocation (MECA2) contract with Assmang as part of its strategy to secure 95% of manganese volumes on rail. The contract, which will see the transportation of export manganese from pit to port, offers Assmang, the... 

BAIC SA opens vehicle assembly plant at Coega IDZ

By: Marleny Arnoldi     24th July 2018 Chinese vehicle manufacturer Beijing Automotive Group’s South African subsidiary, BAIC SA, on Tuesday opened its 88 969 m2 vehicle assembly plant, in the Coega Industrial Development Zone, near Port Elizabeth.   The company has completed the critical construction and equipment installation... 

Sars postpones deadline for mandatory advance reporting of containerised cargo headed to South Africa

By: Anine Kilian     24th July 2018 The South African Revenue Service (Sars) has postponed the introduction of mandatory advance reporting of containerised cargo destined for South African ports to November 1, from the previously set implementation date of August 1. “A Sars survey found that while certain categories, such as... 

Automated Bulk Solids Drum Dumping System

24th July 2018 PORT ELIZABETH, SOUTH AFRICA ¾ A new TIP-TITE™ Drum Dumping System from Flexicon automatically rolls drums containing bulk material into position, dumps the material into downstream equipment and rolls empty drums out of the dumping station, allowing safe, high-capacity transfer from drums of all... 

WorleyParsons commences with second wind power project in Kenya

By: Creamer Media Reporter      23rd July 2018 WorleyParsons has recently signed a 22-month owner’s engineer contract for the Kipeto Wind Power Project in Kenya, the second largest in the country after the Lake Turkana Wind Power Project. The Kipeto Wind Power Project will comprise 60 wind turbines generating a combined capacity of 100 MW of... 

In Senegal, China's President Xi pledges stronger Africa ties

By: Reuters     23rd July 2018 China's President Xi Jinping pledged during a visit to Senegal on Saturday to strengthen economic ties with Africa, a continent already awash with cheap Chinese loans in exchange for minerals and huge construction projects. Xi arrived in Senegal on Saturday for a two-day visit to sign bilateral... 

Business Unusual: Embracing Disruptive Technologies in the Automotive Sector

20th July 2018 Rapid technological advancements in the global manufacturing landscape have changed the ways in which manufacturers function – from product design and development, to production optimisation, to techniques selected to penetrate new markets and deliver products to customers. Interest and... 

Transnet expansion project uplifts the community

20th July 2018 State-owned freight rail company Transnet’s R2.38-billion Manganese Rail Phase 1 Expansion project created about 2 200 employment opportunities in the remote Northern Cape region and provided skills development and training to local staff. 

CLOUDS GATHER

20th July 2018 Trade tensions continued to rise between the US and China this month, with President Donald Trump imposing new tariffs and China retaliating. Bloomberg reports that China has told companies to boost imports of goods – from soybeans to seafood and automobiles – from countries other than the US... 

SMEC South Africa to help develop white oil storage terminal in Ethiopia

By: Marleny Arnoldi     19th July 2018 Consulting engineering firm SMEC South Africa, with support from SMEC International, has been appointed by Ethiopian Petroleum Supply Enterprise to develop a white oil products storage terminal at Port Dukem, in Ethiopia. The facility will be the biggest among the country’s depots at 240 000 m3.  

Bridgestone South Africa’s manufacturing plant showcases rubber innovation

By: Marleny Arnoldi     19th July 2018 Tyre manufacturer Bridgestone South Africa on Wednesday hosted a media tour of its 186 027 m2 manufacturing facility in Brits, North West, to showcase how its technology has evolved from the 1950s to date. Bridgestone manufactures passenger radial, light truck radial, truck and bus radial, and... 

Light rail line in Nigeria's capital opens to passengers

By: Reuters     19th July 2018 Nigeria has opened a new Chinese-built light railway network in the capital Abuja after 11 years of construction, a rare transport project in a nation where economic growth has been stymied for generations by a lack of infrastructure development. Passengers were permitted this week to ride the... 

Kumba lowers FY sales, production guidance

By: Marleny Arnoldi     19th July 2018 JSE-listed Kumba Iron Ore is working closely with State-owned freight utility Transnet to secure the delivery of the contractual capacity and to mitigate derailments that affected the company’s export sales in the second quarter of the year. The company’s export sales increased by only 1% to... 

China overloading poor nations with debt, top US official says

By: Reuters     17th July 2018 China is saddling poor nations with unsustainable debt through large-scale infrastructure projects that are not economically viable, the head of the US Overseas Private Investment Corporation (OPIC) said on Monday. The criticism of Beijing - targeted by President Donald Trump in a trade war that... 

21 t SANY excavator is a perfect gem for the mining industry

13th July 2018 The 21 t SANY SY210C-9 excavator from Goscor Earth Moving (GEM), part of the Goscor Group, offers the highest level of efficiency and productivity demanded by arduous applications such as mining. The SANY SY210C-9 features a six-cylinder in-line water-cooled Cummins 6BT5.9-C140 engine, with a... 

Rio Tinto autonomous train makes first delivery 280 km away 

By: Esmarie Iannucci     13th July 2018 Mining major Rio Tinto has delivered its first iron-ore delivery by autonomous train from the Tom Price mine, to the port of Cape Lambert, some 280 km away. The autonomous train consisted of three locomotives and carried about 28 000 t of ore. The train was monitored remotely by operators in... 

Saudi Arabia pledges to invest R133bn in South African energy sector

By: News24Wire      12th July 2018 President Cyril Ramaphosa’s ambitious plan to attract $100-billion to kick start the country’s struggling economy got a major boost on Thursday, when Saudi Arabia committed to invest $10-billion (about R133-billion) in the country. This is expected to be invested in the energy and power creation... 

Costs outweigh price of Atlas Iron’s ore

By: Esmarie Iannucci     12th July 2018 Takeover target Atlas Iron has faced another tough quarter during the three months to June, with all-in sustaining costs outweighing the price for its ore. Atlas on Thursday told shareholders that C1 cash costs for the period reached A$42/t, up from the A$41/t in the March quarter, while full... 

New vessel repair hub boosts local economy

12th July 2018 The new vessel repair facilities in the Port of PE were not only developed as a positive step towards a thriving vessel maintenance and marine engineering hub, but also to boost the local economy in the long term. With the final part of this R200 million project completed about a year ago, it is... 

Kenya says Nairobi–Mombasa refined products pipeline ready for use

By: Reuters     11th July 2018 A refined products pipeline linking Kenya's capital Nairobi with the port city of Mombasa is complete and ready for use, state-run Kenya Pipeline Company (KPC) said on Wednesday. The 450 km pipeline will eliminate an estimated 700 oil tanker trucks per day that transport fuel by road between... 

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