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Vale's iron-ore output will rise only if prices increase – CEO

By: Reuters     27th August 2018 The CEO of Brazil's Vale SA, the world's largest iron-ore producer, said in an interview published on Sunday that the company would ramp up annual production to 450-million tonnes only when prices rise. Vale CEO Fabio Schvartsman told the Estado de S. Paulo newspaper the company would only... 

Brazil's Usiminas seeks to sell stake in miner Musa –source

By: Reuters     24th August 2018 Brazilian steelmaker Usinas Siderurgicas de Minas Gerais, known as Usiminas, has hired Banco BTG Pactual SA to sell its 70% stake in its mining company, one person with knowledge of the matter said on Thursday. Trading on Usiminas stock was suspended for around 40 minutes by Brazilian stock... 

Brazil's Samarco mine unlikely to restart in 2019 -BHP

By: Reuters     21st August 2018 There is little likelihood that Brazil's Samarco iron ore mine, a joint venture between Vale SA and BHP Billiton, will restart operations next year even though it expects to have all of the required licenses, a BHP spokesman said on Tuesday. The statement confirmed comments made by another BHP... 

Anglo American expects to obtain permit for Minas-Rio mine by June 2019

By: Reuters     16th August 2018 Miner Anglo American Plc expects to obtain licences to expand its Minas-Rio multibillion-dollar iron-ore mine in Brazil by June next year, the company's CEO for Brazil Ruben Fernandes told Reuters on Wednesday. Minas-Rio is Anglo American's biggest development project, but it is still in ramp-up... 

BHP says Brazil court approves Samarco settlement

By: Reuters     10th August 2018 Mining heavyweight BHP said on Thursday a federal court in the Brazilian state of Minas Gerais approved an agreement between miner Samarco and Brazil authorities, marking a milestone in the legal battle over a deadly 2015 dam failure. A 20-billion reais ($5.- billion) lawsuit against Samarco,... 

Climate change not the only reason for water shortages – Muller 

By: Natasha Odendaal     9th July 2018 While recent rainfall has brought some reprieve to the drought-plagued City of Cape Town, the region remains vulnerable, and people, politics and poor planning are predominantly to blame for most urban water shortages, water expert Professor Mike Muller has said. In an opinion piece published in... 

Huge Brazil tax liability slows sale of funds' Vale stakes – sources

By: Reuters     29th June 2018 A potential tax liability in the billions of dollars is delaying the sale of major stakes in miner Vale SA by Brazil's largest pension funds, according to two sources with knowledge of the matter. Discussions over the tax issue are prolonging when and how pension funds are going to unload their... 

Getting below the surface of the Cape Town water crisis

By: News24Wire      22nd June 2018 It will take three months and cost R350-million for a small-scale temporary desalination plant to produce enough water to raise the level of Cape Town’s supply dams by just 1%. Yet the small amount of rain over the long weekend in April raised the dam levels by more than 1% – free of charge.... 

Brazil truckers strike having limited impact on Vale operations – CEO

By: Reuters     30th May 2018 A strike by Brazilian truckers to protest a hike in diesel prices has had a limited impact on operations at Vale, the world's top iron-ore producer, but could worsen if the strike continues, CEO Fabio Schvartsman said on Tuesday. Speaking at an event in Sao Paulo, Schvartsman also said he saw a... 

Brazil deal to end truckers' strike rattles Petrobras investors

By: Reuters     29th May 2018 Petrobras shares plunged 15% on Monday after Brazil's government offered new fuel subsidies and softened the oil producer's pricing policy in a bid to settle a truckers' strike that has wreaked havoc on Latin America's largest economy. As a result of tax cuts and subsidies announced by President... 

Pension fund Previ not likely to sell its Vale shares in 2018 – source

By: Reuters     5th April 2018 Brazilian pension fund Previ is not likely to sell its shares in Vale in a public offering this year, a person with knowledge of the matter said on Wednesday, a week after the iron ore miner announced a more generous dividend policy. Holding on to its full Vale stake would allow Previ to take... 

Brazilian miner Vale to discuss new dividend policy - Valor

By: Reuters     28th March 2018 Board members of Brazilian miner Vale will discuss in a meeting on Thursday a new dividend policy, according to a Wednesday report by newspaper Valor Econômico. Under the new policy, Vale would calculate dividend payouts based on its earnings before interest, tax, depreciation and amortisation,... 

Hydro to start shutdown of Brazil alumina lines by mid-April – sources

By: Reuters     28th March 2018 The Alunorte refinery in northern Brazil, owned by Norway's Norsk Hydro, will start shutting down half of its alumina capacity in the next two weeks to preserve equipment, two people familiar with the matter said on Tuesday. The world's largest alumina refinery, situated in Brazil's Amazon... 

Day Zero in Cape Town will not happen in 2018, says DA's Maimane

By: African News Agency      7th March 2018 Day Zero will not occur in 2018 and this means taps will stay open, provided Cape Town residents continue consuming water at current levels and there is decent rainfall, Democratic Alliance (DA) leader Mmusi Maimane said on Wednesday. Maimane was speaking at a press briefing at the party’s... 

Brazil court denies Norsk Hydro request to resume production

By: Reuters     6th March 2018 A Brazilian court denied a request by Norwegian aluminium maker Norsk Hydro to resume full operations at its unit Hydro Alunorte, the court said in a statement, in the latest setback after allegations it had contaminated water in the area. Norsk Hydro had appealed to a higher court after a judge... 

Vale diversifies away from iron-ore despite strong China demand – CEO

By: Reuters     30th January 2018 Continued Chinese efforts to reduce pollution will boost demand for Vale's high quality iron-ore, the Brazilian miner's chief executive said on Tuesday, even as the world's top iron-ore producer seeks to diversify away from the metal. China's aggressive campaign to clean its skies by clamping... 

Vale could be 'natural' owner for Samarco, in talks with BHP

By: Reuters     17th January 2018 Brazil's Vale is in talks with BHP Billiton on options for their joint venture Samarco, and it may be easier for Vale to resolve that miner's problems as sole owner, a director of the Brazilian mining company said on Wednesday. "Maybe Vale would be a natural owner of Samarco, maybe it could make... 

PRASA New Rolling Stock Acquisition Programme, South Africa

By: Sheila Barradas     6th October 2017 Alstom Brazil has started the process during which technology is being transferred to South Africans for the manufacture of X’Ttrapolis Mega trains. 

Alstom completes first 20 trains for PRASA 

By: Creamer Media Reporter      11th July 2017 International railway systems and equipment major Alstom on Tuesday has completed the manufacture of the first 20 trains as part of its €4-billion contract with the Passenger Rail Agency of South Africa (Prasa). The contract, signed in 2013, commits Alsom to supply 600 X’Ttrapolis Mega trains... 

Angola Cables starts construction on Brazil data centre 

By: Creamer Media Reporter      10th July 2017 Multinational telecommunications company Angola Cables has started the construction of its South American data centre, located in Fortaleza, Brazil, connecting to the subsea Internet cable linking Africa to the Americas. The data centre will run two key routes – the South Atlantic Cable System... 

Bongiwe Pityi

26th May 2017 This week we feature Bongiwe Pityi, GM of OR Tambo International Airport   

Vale to get $733m by month-end from Moatize stake sale to Mitsui

By: Reuters     16th March 2017 Brazilian mining company Vale said on Wednesday it is nearing conclusion of a deal to sell a stake in Mozambique's Moatize coal project to Japan's Mitsui & Co. Vale said it expects to receive by the end of this month an initial payment of $733-million from Mitsui from the equity sale. The... 

REMA TIP TOP strives for strong market position in Brazil

13th February 2017 REMA TIP TOP, a globally operating system provider of services and products in the field of conveying and treatment technology as well as tyre repair, has acquired Norte Sul Serviços de Vulcanização (“Norte Sul Serviços”), a conveyor maintenance provider in Brazil. Through the acquisition, REMA... 

WEG announces acquisition of a controlling stake on TGM, a Brazilian manufacturer of turbines and transmissions

9th January 2017 WEG S.A. announced the acquisition of a controlling stake on TGM Indústria e Comércio de Turbinas e Transmissões Ltda. (“TGM”), a Brazilian manufacturer of turbines and transmissions with headquarters in Sertãozinho, State of São Paulo, Brazil. Founded in 1991, TGM is a leading Brazilian provider... 

Angola Cables, Etix team up to provide direct US–Africa connection

By: Natasha Odendaal     16th November 2016 Angolan telecommunications company Angola Cables and Luxembourg-headquartered data centre and cable landing station specialist Etix Everywhere have partnered to build infrastructure to reduce the latency between the US and Africa, thereby eliminating the data route through Europe. The parties... 

The Empty Shop at Sandton City to open in October

21st October 2016 Sandton City is thrilled to announce it will reopen the doors of South Africa’s most stylish, successful and award-winning charity shop for a third and final year. The Empty Shop will again open in the Checkers Court on Saturday, 29 October, giving shoppers the opportunity to #cometothecity, be... 

Awards sponsor commits to promoting welding profession

21st October 2016 Welding equipment supplier African Oxygen’s (Afrox’s) sponsorship of the Southern Africa Stainless Steel Development Association (Sassda) Columbus Stainless Steel Awards 2016 Student category is part of its commitment to promote the welding industry and to encourage the youth to consider this as... 

Paladin lifts Q3 uranium output as Langer Heinrich output rises, costs fall

By: Henry Lazenby     18th October 2016 Despite Australia-based uranium producer Paladin Energy lifting saleable uranium output by 16% in the quarter ended September 30, it missed its sales guidance by 50 000 lbs of uranium oxide (U3O8), citing a re-timing of sales negatively influencing results. Total sales for the quarter amounted to... 

Carolina Capital closes Montana mine acquisition, to change name

By: Henry Lazenby     18th October 2016 Vancouver-based Carolina Capital has acquired a 100% interest, subject to certain underlying royalties, in the Montana-based Madison gold/copper project, where it has identified a series of existing gold and copper zones that remain open for expansion. The company, which has won approval from the... 

Asante Gold signs C$19.5m JV with Chinese-backed BXC to develop Ghana-based Kubi project

By: Henry Lazenby     18th October 2016 Ghana-focused project developer Asante Gold has partnered with China-owned BXC to form the Kubi Gold joint venture (JV), a 50:50 JV that will develop the Kubi mining leases to production. BXC is a subsidiary of Beijing Fuxing Xiao-Cheng Electronic Technology Stock, and has agreed to provide... 

Argonaut lowers FY guidance as abnormal weather, mine sequencing impedes output

By: Henry Lazenby     18th October 2016 Canadian gold producer Argonaut Gold has lowered its full-year guidance by 15 000 gold-equivalent ounces (GEOs) to between 115 000 GEOs and 120 000 GEOs, after abnormally high rainfall and changes in mine sequencing impacted on production at the El Castillo mine, in Mexico. During the three... 

LATAM airlines launches direct flight between Latin America and South Africa

By: African News Agency      4th October 2016 LATAM airlines group has launched a direct flight between Latin America and South Africa, with the first plane on the new route landing at OR Tambo International Airport in Johannesburg on Monday afternoon. The plane landed after a nine-hour journey from Sao Paulo’s Guarulhos International airport. 

BHP-Vale Brazil mine said to weigh missing next bond coupon

By: Bloomberg     15th September 2016 Samarco Mineracao is considering skipping bond coupon payments that are due as soon as this month as the stalled Brazilian iron-ore miner runs out of money, according to people with knowledge of the matter. Without knowing when it can restart mining, the venture owned by BHP Billiton and Vale is... 

Big miners need a better plan for growth riddle in China

By: Bloomberg     13th September 2016 Rio Tinto Group, the world’s second-biggest miner, is no longer certain of picking the path ahead for growth in China, its biggest customer. It isn’t alone. China’s short-term demand remains difficult to read, Glencore’s CEO Ivan Glasenberg said last month after the largest miners were... 

BHP-Vale mine bondholders said to hire lawyers for debt talks

By: Bloomberg     6th September 2016 Samarco bondholders hired US law firm Hogan Lovells for help with debt-restructuring talks as the stalled Brazilian iron-ore miner runs out of money, according to people with knowledge of the matter. With a coupon payment looming, Hogan Lovells is seeking a Brazilian law firm to work with it on... 

Samarco prosecutor expects to seek criminal charges next month

By: Bloomberg     1st September 2016 Brazilian prosecutors are finalising a criminal investigation into the Samarco mine disaster and expect to ask a judge by the end of September to charge employees, said one of the prosecutors heading the case. The investigation is looking into alleged negligence that may constitute involuntary... 

Vale says crown-jewel deal unlikely this year

By: Bloomberg     26th August 2016 Vale SA, the top iron-ore miner, is poised to complete coal and fertilizer sales this year, while a deal involving its most prized assets probably will take longer, according to its investor relations chief. The Rio de Janeiro-based company, which is grappling to reduce one of the industry’s... 

Stalled BHP-Vale mine said seeking waiver on bank repayments

By: Bloomberg     13th August 2016 Brazilian miner Samarco is seeking a standstill agreement on about $1.6-billion in bank loans as its owners BHP Billiton and Vale refuse to cover debt payments, people with knowledge of the matter said. The iron-ore venture, whose operations were halted last year after a dam spill, is asking... 

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