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Energy-efficient CMT® minimill for the production of reinforcing bars

27th October 2016 Moon Iron & Steel commissions SMS group with the supply of a complete minimill Oman-based Moon Iron & Steel Co. S.A.O.C. (MISCO) has contracted SMS group (www.sms-group.com) to build a new rebar production minimill. The new steel complex, the first of its kind in the Middle East region, is being... 

Hatch rises to challenge of Silo 20 Reinstatement Project at Majuba

26th October 2016 The collapse of the upper section of Silo 20 at Majuba Power Station in Mpumalanga, following a catastrophic wall fracture in November 2014, posed a significant design and engineering challenge for consultant Hatch. Eskom’s second-largest power station, Majuba has an installed capacity of 4 110... 

Black women-led group to buy 51% of Aveng Grinaker-LTA

By: Terence Creamer     11th October 2016 Construction group Aveng announced on Tuesday that it had concluded a binding agreement to sell a 51% beneficial interest and an initial 45% economic interest in Aveng Grinaker-LTA to Kutana Construction for a maximum of R756-million. Kutana Construction is a black women-owned and -led business... 

Glen Eagle subsidiary acquires additional land in Honduras to expand gold processing plant

By: Anine Kilian     7th October 2016 TSX-listed Glen Eagle Resources has acquired 15 000 m2 of land to expand its gold processing plant in Choluteka, Honduras. The company announced on Thursday that its wholly owned subsidiary Cobra Oro had bought the land, enabling the subsidiary to acquire its own free trade zone, reinforcing its... 

SA’s cost-of-doing-business ranking badly down – Chamber

By: Martin Creamer     20th September 2016 South Africa has plummeted to an abysmally low level in the World Bank’s 160-country cost-of-doing-business rankings. On the bank’s Doing Business scale, which measures the fitness of a country’s economy to grow and compete, South Africa has tumbled 15 notches since 2007, from position number 58,... 

SMS group commissions new compact steel plant of El Marakby

13th September 2016 On August 2, 2016, the new compact steel plant of El Marakby in Giza, Egypt, was officially opened with an inaugural ceremony. The electric steelworks supplied by SMS group www.sms-group.com has an annual capacity of 350,000 tons. It comprises a raw materials handling system, a 45-ton electric... 

Anglo American’s Gahcho Kué to provide C$6.7bn boost to Canadian economy

By: Henry Lazenby     9th September 2016 A new report by professional services firm EY has calculated that the world’s largest new diamond mine under construction in Canada’s Northwest Territories (NWT), Gahcho Kué, will provide a C$6.7-billion boost to the Canadian economy. “Diamonds are perhaps one of Canada’s best kept secrets, yet,... 

Engen employees green the Alexander Disability Movement

7th September 2016 A group of Engen employees played their green thumbs forward when they visited the Alexandra Disability Movement in August, demonstrating their gardening skills by revamping the centre’s vegetable garden and planting a variety of vegetables and herbs.    Engen Corporate Social Investment Manager,... 

Focus on innovation provides opportunities for trade

By: Robyn Wilkinson     2nd September 2016 China’s thirteenth five-year plan – from 2016 to 2020 – includes a clear prioritisation of innovation, which is likely to increase the country’s interest in importing technologies from outside, including from South Africa, says advisory services provider KPMG local China practice in South Africa... 

Innovation in IT award for fleet management company

2nd September 2016 Fleet management services provider Enterprise Fleet Management has been named as a finalist in this year’s business technology information provider InformationWeek “Elite 100” list.   

Incoming King IV a transition to a changing world

By: Natasha Odendaal     1st September 2016 Although the latest iteration of the King Report on Corporate Governance in South Africa, King IV, which comes into force in November, will be replaced in due course by another iteration, it is important to continually adapt to a rapidly changing world where integrated reporting only becomes... 

3Q Mahuma Concrete Builds Its Legacy With Chryso Admixtures

25th August 2016 Admixtures have become an essential component of modern readymix concrete designs. And for many enterprising concrete producers access to a supply of these important sophisticated construction chemicals has been a cornerstone of their success. This has certainly been the case for 3Q Mahuma... 

Power supply for furnaces optimised

5th August 2016 Induction equipment manufacturer Inductotherm successfully commissioned four 22 000 kW power supplies connected to 50 t furnace systems, and a fusion bonded epoxy (FBE) coating plant for rebar, at steel products producer BSRM Group, in Bangladesh. “We work with many steel mills around the world... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals

By: Henry Lazenby     8th July 2016 Bank of America Merrill Lynch (BofAML) has adjusted the price forecast for most mined commodities, citing increased market uncertainty favouring precious metals over the base metals pricing outlook. So far this year, mined commodities have rallied sharply, reinforcing analysts’ view that... 

Russell Reynolds Associates Announces Landmark Acquisition in Norway

17th June 2016 Russell Reynolds Associates announces today its acquisition of Amrop AS – one of Norway’s leading leadership consulting and executive search firms. The transaction is currently being completed. This is a key move in Russell Reynolds’ 46-year history and will take the firm to 50+ professionals in... 

Quest for living wage, need to contain costs overshadow upcoming platinum pay talks

By: David Oliveira     3rd June 2016 Striking a balance between workers receiving a living wage in line with the national inflation rate and avoid mass job cuts, owing to cash-strapped mining houses looking to reduce costs, remains a major concern for labour unions and platinum miners as wage negotiations loom. The current wage... 

Tradecore Steel (Pty) Ltd Launches In Johannesburg

2nd June 2016 TradeCore Steel (Pty) Ltd recently opened its doors as a privately-owned steel trading and distribution company in Wadeville, Johannesburg. The company’s core offering is the physical bulk trading and local and cross-border logistics and distribution of steel sourced from third party producers,... 

Commodity price indices rally as oil picks up where metals left off

By: Henry Lazenby     27th May 2016 Commodity price indices have rallied in recent weeks as strong performance by oil softened the lull in metals price movements. Scotiabank's commodity price index had improved by 4.5% month-on-month in April as energy gains more than offset metals weakness. 

Largest fibre manufacturing plant opens in KZN

27th May 2016 Nonwoven product manufacturer Fibertex South Africa’s manufacturing plant in Hammarsdale, KwaZulu-Natal – which is one of six Fibertex factories in the world – is now the largest nonwoven geotextiles manufacturing facility in Africa. 

Conventional building methods not suited to African conditions  

By: Nadine James     20th May 2016 Housing and construction systems developer Moladi says its low-cost housing system, comprising plastic formwork panels and a cement admixture, is widely embraced throughout Africa, as it has been specifically designed to meet the requirements of the African market. Moladi founder and CEO Hennie... 

Fifty-eight participants graduate from Eskom academy

By: Sascha Solomons     13th May 2016 In line with its commitment to develop skills and create jobs, State-owned power utility Eskom’s Contractor Academy saw 58 participants drawn from Mpumalanga, Limpopo, the North West and Gauteng graduate in March this year. The graduation ceremony celebrated the upskilling of another group of... 

Draft Mining Charter under intense legal scrutiny

By: Martin Creamer     10th May 2016 The possible far-reaching implications for the mining industry of the new draft Mining Charter came under intense scrutiny in Johannesburg on Tuesday when a team of lawyers discussed the various changes contained in the draft and focused in particular on its attempt to align the mining industry –... 

Production flow system establishes effective in-house communications

By: Schalk Burger     22nd April 2016 High-performance and efficient teams cannot exist without good communication, yet horizontal communication channels to allow for teamwork and collaboration are generally deficient and ancillary to hierarchical communications, says process flow management consultants StratFlow CEO Hendrik Lourens.... 

AMSA confirms another round of steel price increases from May 1

By: Terence Creamer     19th April 2016 Steel producer ArcelorMittal South Africa (AMSA) has confirmed yet another round of price increases on both flat- and long-steel products, announcing average increases of 10% from May 1 and reinforcing what has become an established pricing trend since the start of 2016. However, acting CEO Dean... 

Lincoln inches closer to Kookaburra Gully development

By: Esmarie Iannucci     6th April 2016 Graphite developer Lincoln Minerals has signed a memorandum of understanding (MoU) with the District Council of Tumby Bay, in South Australia, over the proposed Kookaburra Gully graphite mine. The MoU provided a framework for both parties to work together on the road, power and water... 

Finding security and fire solutions under one roof at Securex 2016

31st March 2016 Tackling crime head on requires a manifold approach that encompasses the involvement of various stakeholders including the Government and its agencies, the private sector, the private security industry and the citizens of the country. A proactive mindset regarding monitoring and prevention of... 

Cortec’s MCI® HPRS® Produces Amazing Results And Sharply Lowers Corrosion Rates In Concrete!

30th March 2016 Spalling or deterioration of reinforced concrete does not inevitably signal the end of concrete structures. With Cortec’s High Performance Repair System (HPRS®), it is possible to greatly reduce a structure’s corrosion rate and extend useful service life. Cortec’s highly durable, multifunctional,... 

5.7% decline in half-year revenue for sugar producer

25th March 2016 Agriculture, agroprocessing and sugar producer Tongaat Hulett has noted a 5.7% decline in half-year revenue, generating an operating profit for the 2015/16 sugar season. The sugar season, which runs from April 1 to March 31 yearly has been beleaguered by drought during the current season which... 

Push to supply longer-term lodgings  

By: Malusi Mkhize     24th March 2016 Housing and building construction system company Moladi believes mining companies, which are currently dealing with the commodities downturn, should invest in longer-term building solutions for the purpose of on-site accommodation, as opposed to more traditional prefabricated modular buildings.... 

AMSA insists market changes, not protection behind April steel hikes 

By: Terence Creamer     16th March 2016 Steel producer ArcelorMittal South Africa (AMSA) informed its customers this week that it would be increasing prices on a range of steel products by up to 11% from April 1, but the JSE-listed group insisted that the hikes had nothing to do with recent increases in tariff protection from 0% to 10%... 

Crusader raise defies market sentiment

By: Esmarie Iannucci     2nd March 2016 Junior explorer Crusader Resources has raised some A$5.5-million through a share placement, with the company announcing plans to issue some 55-million shares, at a price of 10c each. The share placement would take place in two tranches, with the first 13.6-million shares being placed under the... 

New special steel solutions from Ugitech for pioneering construction projects

29th February 2016 Aesthetically pleasing designs, energy savings, cost efficiency, and durability – the demands of the construction industry on the steel available today are numerous and challenging. The innovative special steel solutions UGI® und UGRIGRIP® from steel producer Ugitech meet these requirements. The... 

Scrap metal issue requires inclusive industry debate

By: Dylan Slater     26th February 2016 The recent concerns regarding the proposed amendments to the price preference system (PPS) policy guidelines for local scrap metal require debate and input from all role-players, such as exporters of and domestic users of scrap metal, says steel industry representative organisation the Southern... 

Contract awarded for new luxury high-rise in Sandton

By: David Oliveira     26th February 2016 Luxury accommodation provider Legacy Group announced earlier this month that it had awarded multi-disciplinary construction and engineering group Aveng Grinaker-LTA with the Leonardo building contract to construct a four-level basement and a 150 m high-rise building at 75 Maude street, in... 

H1 growth for WBHO on the back of Aus operations

By: Megan van Wyngaardt     23rd February 2016 JSE-listed civil engineering and construction company Wilson Bayly Holmes-Ovcon’s (WBHO’s) headline earnings a share rose 23.6% to 645c apiece for the six months ended December 31. The company’s revenue from continuing operations also increased by 7% from R14.4-billion to R15.4-billion, bolstered... 

Foundation piles for new Kyalami building project

12th February 2016 Gauteng Piling has provided 118 auger cast in-situ piles for the Kyalami Grand Prix Circuit building project, as part of the extensive upgrade of the Midrand circuit following its acquisition by Porsche South Africa CEO Toby Venter last year. The complete refurbishment of the Kyalami building was... 

Gas supplier strives for OHS excellence

5th February 2016 Gas products supplier Air Products South Africa has, over a number of years, developed a formal occupational health and safety (OHS) programme, which has proven effective, and has gained recognition in the health and safety industry. The safety programme involves not only strict adherence to... 

New exhibition focuses on Cape logistics sector

By: Dylan Slater     29th January 2016 Event organising company Exhibition Management Services (EMS) will launch two logistics-oriented exhibitions, Cape Logistics and Temperature Controlled Storage and Distribution Africa (TCSD), which will be co-located with the Cape Industries Showcase.  

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