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Nexa, formerly Votorantim Metais, plans IPO for up to $651m

By: Reuters     11th October 2017 Mining company Nexa Resources, formerly Votorantim Metais Holding, and its controlling shareholder expect to raise between $576-million and $651-million in its initial public offering in New York and Toronto. In a filing with the US Securities and Exchange Commission, Nexa said parent... 

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. 

Iron-ore succumbs to bear market and may extend slump into $50s

By: Reuters     25th September 2017 Iron-ore has slumped back into a bear market after posting the biggest weekly loss in 16 months amid concern that record demand in China may ease off as mills enact winter output cuts just as data from the top user signals that the economy may be cooling. Losses have probably been driven by “the... 

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... 

South Africa's main two airports to expand capacity again

By: Keith Campbell     29th July 2016 The Airports Company South Africa (ACSA) is planning to start work on new or expanded domestic passenger terminal facilities at both Cape Town International Airport and Johannesburg's OR Tambo International Airport in the near future. ACSA CEO Bongani Maseko conveyed this information to... 

Vale output expected to tease record levels despite dam disaster

By: Bloomberg     20th July 2016 Vale SA’s relentless expansion is expected to keep the world’s biggest iron-ore miner near record output levels despite the hobbling effects of last year’s Samarco dam burst on its Brazilian operations. The Rio de Janeiro-based miner will report second-quarter output of 86-million metric tons,... 

PRASA new rolling stock procurement programme – Gibela rolling stock project, South Africa

By: Sheila Barradas     15th July 2016 The Passenger Rail Agency of South Africa plans to unveil a replica of its newly acquired trains at the Pretoria station for public viewing from the end of July. 

APP TAKES FLIGHT

     1st July 2016 South Africans have become increasingly used to hailing a taxi using the Uber application. However, the US ride-hailing company is spreading its wings and is currently testing a helicopter-hailing service in the congested Brazilian city of Sao Paulo. Above, a prospective passenger is photographed... 

PRASA new rolling stock procurement programme – Gibela rolling stock project, South Africa

By: Sheila Barradas     1st July 2016 The first new passenger trains to be delivered according to a multibillion-rand contract, signed between Gibela and PRASA, are set to enter service in October. 

Joburg slips in Networked Society rankings

By: Natasha Odendaal     22nd June 2016 Johannesburg has slipped a number of spots in the latest Networked Society City Index; however, some progress is still being made and there are signs of improvements. The 2016 edition of the report, compiled by Ericsson and released on Wednesday, ranked Johannesburg at 35, down from the 29... 

PRASA New Rolling Stock Procurement Programme – Gibela rolling stock project, South Africa

By: Sheila Barradas     17th June 2016 The number of local suppliers in the R51-billion contract to produce 600 new passenger trains for PRASA has reached 32. 

Trade test centre registered

By: Robyn Wilkinson     10th June 2016 Engineering, manufacturing, construction and maintenance services provider Steinmüller Africa has registered its Technical Training Academy as a decentralised trade test centre, enabling the company to perform trade tests in the field of welding. 

PRASA New Rolling Stock Procurement Programme – Gibela rolling stock project, South Africa

By: Sheila Barradas     3rd June 2016 The Passenger Rail Agency of South Africa has, to date, taken delivery of five X’Trapolis Mega train sets being manufactured by the Gibela Rail Transportation Consortium, in Brazil. 

MB Crusher establish itself in São Paulo, Brasil

     9th May 2016 It has been 15 years since the invention of the Crusher Bucket with jaw movements, the Italian company MB CRUSHER now introduce the new Brazilian subsidiary.  

PRASA New Rolling Stock Procurement Programme – Gibela rolling stock project, South Africa

By: Sheila Barradas     29th April 2016 The Passenger Rail Agency of South Africa and the Gibela Rail Transportation Consortium have begun open-line testing on the first test train imported from Brazil. 

PRASA New Rolling Stock Procurement Programme – Gibela rolling stock project, South Africa

By: Sheila Barradas     4th March 2016 PRASA has received the second test train and a Public Display Train Coach from Gibela. 

PRASA New Rolling Stock Procurement Programme – Gibela rolling stock project, South Africa

By: Sheila Barradas     12th February 2016 Gibela CEO Marc Granger is positive that the R51-billion deal that will result in the Alstom-led consortium supplying 600 new trains until 2027, will move ahead swiftly this year. 

Air transport catalyst for economic growth across African Continent

     22nd January 2016 Greater distances, more widely dispersed populations and lack of terrestrial infrastructure makes aviation an essential catalyst for social and economic progress on the African continent, says airport management company Airports Company South Africa (Acsa).  

PRASA New Rolling Stock Procurement Programme – Gibela rolling stock project, South Africa

By: Sheila Barradas     8th January 2016 Alstom’s first X’Trapolis Mega commuter train for Passenger Rail Agency of South Africa has successfully arrived on time at PRASA’s Wolmerton depot. 

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