R/€ = 15.04 Change: 0.00
R/$ = 12.33 Change: -0.05
Au 1326.08 $/oz Change: -9.31
Pt 998.00 $/oz Change: -1.97


Grindrod facing delays with separate listing of shipping unit, but still positive about H1 completion

By: Megan van Wyngaardt     16th January 2018 Owing to the cross jurisdictional nature of a proposed international listing by Grindrod, through which it is aiming to launch a separate listing of its shipping business, the various processes required by regulators in the different relevant jurisdictions are taking longer than initially... 

Chinese coal imports rise in Dec on looser customs curbs

By: Reuters     12th January 2018 China's coal imports rose in December from the previous month, as Beijing loosened curbs on shipments brought in through some ports to ease supply shortages of the fuel. Arrivals of coal, which include lignite, reached 22.74-million tonnes last month, up from 22.05-million tonnes in November,... 

Opinion: My vision for transforming TPT into a leading global port operator

     11th January 2018 In this opinion article, Transnet Port Terminals (TPT) CEO Nozipho Sithole outlines what she sees as the key principles and values that will help to transform TPT into a 'Top 5' global port terminal operator in five years. The top terminal operators globally account for about 30% market share in... 

Port Hedland clearing out ships as Cyclone Joyce intensifies

By: Reuters     11th January 2018 Australia's Port Hedland iron-ore terminal expects to clear all remaining vessels from its harbour by 10:30 GMT as a safety measure after a tropical cyclone intensified off the nation's western coast on Thursday, Pilbara Ports Authority said. The port's biggest user, global mining giant BHP,... 

Port Hedland may clear ships as storm builds off Australia - port authority

By: Reuters     10th January 2018 essels may be cleared from Australia's Port Hedland, the world's biggest iron ore export terminal, as early as Thursday as a safety precaution because of a tropical storm, port manager Pilbara Ports Authority said on Wednesday. The authority said Port Hedland may commence the clearing of vessels... 

Top iron-ore port ships half billion tons as bears call time

By: Bloomberg     9th January 2018 Iron-ore cargoes from Australia’s Port Hedland, the world’s biggest bulk export terminal, jumped to an all-time high of almost half a billion metric tons last year, offering fresh evidence of burgeoning global supply at a time when bearish forecasts for the commodity are stacking up. Exports... 

Shippers benefit as China laps up Brazilian iron-ore

By: Reuters     29th December 2017 US dry bulk shippers are set to post strong revenue growth in the next two years thanks to soaring Chinese demand for high-grade iron-ore from Brazil and Australia. To combat severe winter smog, China has slashed iron-ore output, pushing steel mills in the world's second biggest economy to... 

Africa development body, funds see opportunity in mining infrastructure

By: Reuters     22nd December 2017 With some mining companies increasingly reluctant to own outright the infrastructure that keeps their projects going, an African development institution is linking up with investment funds to help fill the gap. The Nigerian-based Africa Finance Corporation has already expanded its debt or equity... 

Vale sells last two Valemax vessels

By: Henry Lazenby     8th December 2017 Global iron-ore leader Vale has sold the last two of its former fleet of 19 Valemax vessels of 400 000 t capacity. The transaction with the nominees of the Bank of Communications Finance Leasing, netted Vale about $178-million. 

Surge in international iron-ore prices changing Indian market dynamics

By: Ajoy K Das     7th December 2017 The sharp rebound in international iron-ore prices over the last month is changing dynamics of the Indian market, with imports of the steel-making ingredient surging and local miners hiking prices. India’s largest miner, the government-owned and -operated NMDC has increased the domestic sales... 

NTPC to acquire stressed power assets, but sets domestic coal condition

By: Ajoy K Das     6th December 2017 Indian government-owned and -operated power producer NTPC has decided to acquire “stressed thermal power plants”, but only those that are equipped to use domestic coal as a feedstock. The country’s largest power utility, NTPC, will pursue inorganic growth by acquiring thermal power projects... 

Transnet CEO urges more investment in African ports

By: African News Agency      5th December 2017 The head of South Africa’s State-owned transport company Transnet on Tuesday called for greater integration, deregulation and investment into Africa’s port capacity, to reduce costs and increase turnaround times. Transnet CEO Siyabonga Gama told the African Terminal Operators’ Conference in... 

Africans must drive African trade – Zuma

By: African News Agency      5th December 2017 President Jacob Zuma has said that Africa needs to develop its manufacturing capabilities, achieve industrialisation and drive intra-African trade to reverse the continental trend of exporting raw materials and importing finished goods. Zuma was speaking at the inaugural African Terminal... 

South Africa re-elected to International Maritime Organisation council

By: African News Agency      4th December 2017 South Africa has been re-elected to serve on the International Maritime Organisation (IMO) council for 2018/19 – maintaining its unbroken service record since 1999, the transport department said on Sunday. Voting to elect new member States to the IMO council took place during the 30th regular... 

Prieska project to start production by 2020

By: Nadine James     29th November 2017 Dual-listed base metals miner Orion Minerals’ Prieska zinc/copper project could start production by 2020, says Orion MD and CEO Errol Smart. Addressing a media roundtable on Tuesday, he commented that the current project timeline envisages the completion of a Joint Ore Reserves... 

Power underpins wave of African industrialisation

     24th November 2017 Power is closely tied to a surge of new infrastructure projects and rapid industrialisation across Africa, with significant opportunities still open to the power sector, delegates heard at a briefing for key power sector stakeholders in Sandton this week. Infrastructure spend across Africa will... 

Tug building project, South Africa

By: Sheila Barradas     24th November 2017 The penultimate tug in Transnet National Port Authority's nine-tug construction contract was launched on November 9. 

Mossel Bay slipway refurbishment, South Africa

By: Sheila Barradas     24th November 2017 Transnet National Ports Authority is refurbishing Mossel Bay's 500 t slipway and slideslip facility. 

Ganntas Tunnel, Algeria

By: Sheila Barradas     24th November 2017 The Ganntas Tunnel is the first long tunnel in Algeria and North Africa. 

New DNA barcoding kit to stifle illegal animal trade

By: Megan van Wyngaardt     21st November 2017 Aimed at sharpening conservation efforts, the international Barcode of Life (iBoL) project on Monday launched its Lab-in-a-Box portable deoxyribonucleic acid (DNA) barcoding kit, which enables rapid species identification for port of entry officials within a few hours. The launch took place... 

TNPA completes R39m infrastructure upgrade at Port Nolloth

By: Anine Kilian     20th November 2017 The Transnet National Ports Authority (TNPA) has completed the R39-million rehabilitation of the infrastructure of Port Nolloth on the north-western coast of South Africa. The infrastructure upgrade was carried out by contractor Steffanuti Stocks Marine over 14 months, with 25% of the contract... 

South African ports ready for bumper cruise season

     20th November 2017 More than 20 luxury cruise ships operated by 17 international cruise lines will call at South Africa’s ports during the 2017/18 cruise season. “As the South African port authority, we have positioned Durban and Cape Town as stimulus cruise home ports, while Richards Bay, Mossel Bay, Port... 

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... 

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... 

African models boost construction development

By: Marleny Arnoldi     17th November 2017 Owing to various African countries’ having secured sovereign funding for construction projects that are being planned or in the process of implementation, these countries have the potential to promote rapid gross domestic product (GDP) growth, says consultancy firm WSP.  

Affordability makes energy efficient solutions accessible

By: Nica Schreuder     10th November 2017 Increasing emphasis on the importance of energy efficiency and sustainable energy solutions has resulted in energy efficient lighting solutions using solar power becoming more cost effective. Subsequently, this has enabled disadvantaged communities, with minimal access to lighting, to afford... 

AngloGold achieves strong Q3 performance, on track to meet FY guidance

By: Mia Breytenbach     6th November 2017 Johannesburg- and New York-listed AngloGold Ashanti generated free cash flow of $88-million in the third quarter of this year, following strong production and cost containment across its portfolio, and remains on track to meet its full-year guidance.  The free cash flow for the quarter, compared... 

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... 

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,... 

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.  

CTL beneficial as a synfuel

By: Marleny Arnoldi     27th October 2017 Depending on market forces and subsequent regulations, coal-to-liquids (CTL) as a fuel alternative could be beneficial for the synfuels industry, especially for companies that diversify outside of conversion processes to include other capabilities, says synfuel company Synfuels Americas.  

Monitoring system assists with continuous safety and product quality

By: Simone Liedtke     27th October 2017 Industrial equipment supplier SICK Automation says its LMS511 Pro object detection system assists in decreasing the number of collisions and injuries for the chemicals, petrochemicals and automated bulk handling industries, where continuous process and proximity monitoring plays a critical role... 

South Africa to upgrade ports of entry to boost regional trade, says Gigaba

By: African News Agency      25th October 2017 South African Finance Minister Malusi Gigaba on Wednesday said government was planning to upgrade the country’s key ports of entry in a bid to improve regional trade and curb slow economic growth. Gigaba said that there were many opportunities across the Sub-Saharan African region that South... 

Inside one billionaire's fight against global iron-ore glut

By: Bloomberg     24th October 2017 The global iron-ore market may be oversupplied for as long as half a decade, keeping prices under pressure, according to billionaire Anil Agarwal’s Vedanta, which plans to fight back by raising the quality of its output amid a global shift toward higher-grade material being driven by China’s... 

TNPA progresses multibillion-rand investment in East London port

By: Creamer Media Reporter      20th October 2017 The Transnet National Ports Authority (TNPA) on Friday said it had injected R542-million into several major infrastructure and equipment projects at the Port of East London over the past few years as part of Operation Phakisa. This includes the R219-million refurbishment of the dry dock to... 

IDC will invest in infrastructure that unlocks industrialisation

By: Keith Campbell     20th October 2017 The Industrial Development Corporation (IDC), South Africa’s development finance institution which exists to fund entrepreneurs and projects in the industrial sector, also seeks to use investments in infrastructure to free up industrial development opportunities. This was highlighted by IDC... 

Bicacon considers manufacturing acquisition opportunities

By: Schalk Burger     20th October 2017 Construction and engineering services group Bicacon is investigating the viability of establishing a manufacturing division within the group to produce products for use by its maintenance division, says Bicacon Group strategy and planning head Bornapart Sibanda. The group continues to look for... 

BT launches bandwidth on demand service

By: Schalk Burger     20th October 2017 Information and communication technology (ICT) multinational BT has launched a service that enables customers to requisition additional bandwidth for their businesses or between sites for a set amount of time, says BT Network Services VP Keith Langridge. The service enables customers that rely on... 

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