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Gold and bullion miners tumble as French vote cuts haven demand

By: Bloomberg     Updated 6 hours ago Gold dropped to a two-week low and bullion mining stocks sank the most in more than a year as investors favoured riskier assets on expectation that Emmanuel Macron will become France’s next president. The metal slipped as much as 1.5% and South African gold miners plunged as much as 8.7% after... 

Chamberlain chosen as LME chief with mandate to reform

By: Reuters     22nd April 2017 Matt Chamberlain was named London Metal Exchange (LME) chief executive on Friday, with a mandate from its owner the Hong Kong bourse to reform the world's largest and oldest metals market. Chamberlain, 35, had been acting CEO since January, when a combination of falling trading volumes and a... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

China's Shandong Tyan says talks over on bid for Barrick's Kalgoorlie

By: Reuters     19th April 2017 Shanghai-listed Shandong Tyan Home said on Wednesday its negotiations with Barrick Gold to buy the Canadian operator's 50% stake in Kalgoorlie mine have ended without a deal, citing new capital and acquisition rules in China. Toronto-based Barrick had been reviewing the financial backing behind... 

Market nervous on zinc bull story as shortages fail to emerge

By: Reuters     11th April 2017 Expected shortages of zinc, a metal often favoured by speculators, may not materialise this year because recent price gains have spurred miners around the world to increase output. Zinc was the best performer on the London Metal Exchange last year with a surge of 60% and many investors and... 

Gold hits 5-month high on safe-haven demand as US strikes Syria

By: Reuters     7th April 2017 Gold rose more than 1% on Friday to hit a 5-month high as investors sought safe-haven assets after the United States launched cruise missiles against a Syrian air base, potentially escalating tensions with Syrian allies Russia and Iran. US President Donald Trump unleashed the military strikes in... 

New excavator brought to Africa  

By: Victor Moolman     7th April 2017 Industrial and agriculture equipment supplier Smith Power Equipment (SPE), last month expanded its Japanese construction equipment product offering in South Africa to include Kubota’s KX080-3S excavator. 

Rio Tinto sees bumpy ride for aluminum as China poses puzzle

By: Bloomberg     5th April 2017 Rio Tinto Group’s aluminum boss sees prices for the lightweight metal heading for an “extremely” volatile period, with uncertainty over when China will curb production helping to keep investors on edge. “That’s really where the uncertainty is at the moment,” Alfredo Barrios said in an interview... 

Ncondezi progresses JDA with SEP on 300 MW Mozambique power plant project

By: Natasha Odendaal     30th March 2017 Aim-listed Ncondezi Energy is steadily progressing the joint development agreement (JDA) with Shanghai Electric Power (SEP) for its 300 MW power plant project, located near Tete, in northern Mozambique. The agreement, once effective, will see SEP inject $25.5-million to fund the balance of the... 

Alstom awarded its first tramway contract in Taiwan

     3rd March 2017 Multinational rail transport company Alstom has been awarded a contract by China Steel Corporation to supply fifteen Citadis trams for Phase 2 of the Kaohsiung tramway project, in Taiwan, which is expected to start revenue service in 2019. This tramway project – the first of its kind for Alstom... 

Hedge funds may be falling back in love with commodities

By: Bloomberg     28th February 2017 Hedge funds are raising their exposure to commodities as prices rally and investors respond to macro shifts including the prospect of accelerating inflation under US President Donald Trump, according to Citigroup. “After two years of scaling back exposure to commodities, the fund community... 

Altona's Cloncurry JV agreement amended

By: Esmarie Swanepoel     14th February 2017 Copper miner Altona Mining has amended its joint venture (JV) agreement with Chinese partner Sichuan Railway Investment Group (SRIG) over the Cloncurry project, in north-west Queensland. Altona on Tuesday noted that SRIG has now been replaced as the JV partner by China Sichuan International... 

Spectre of trade war looms as Trump puts ‘America First’

     10th February 2017 World leaders are not taking Donald Trump’s trade barbs lying down. After the US President said Germany and Japan were gaming foreign exchange markets to win favourable trade terms, Japanese Prime Minister Shinzo Abe joined German Chancellor Angela Merkel last week in pushing back and leading a... 

Choking China backs race to mine greener iron-ore for top mills

By: Bloomberg     9th February 2017 Chinese engineers who carved a railway through the Tibetan plateau and built the world’s longest sea-bridge across Hangzhou Bay have a new challenge: developing a $3.4-billion project on Australia’s remote Eyre Peninsula to meet increased demand for cleaner iron ore. China Railway Group Ltd., the... 

Enormous global demand on way for copper, platinum, zinc – Friedland

By: Martin Creamer     8th February 2017 Enormous global demand is building up for copper, platinum and zinc, driven by new technology, mitigation of health risks in hospitals and agricultural augmentation, Ivanhoe Mines executive chairperson Robert Friedland said on Wednesday. In a comprehensive address to the Investing in African... 

New-Look SAIW Welding Challenge off with a blast!

     17th January 2017 The new-look SAIW Welding Challenge, which comprises the Youth and Senior competitions, took place from 21-25 November 2016 at the head office of the Southern African Institute of Welding (SAIW) in Johannesburg and was a whopping success attracting more than 40 competitors from all around the... 

Geopolitical tensions, other factors to boost gold demand this year

By: Megan van Wyngaardt     13th January 2017 Heightened political and geopolitical risks, currency depreciation, expectations of rising inflation, inflated stock market valuations, long-term Asian growth and the opening of new markets are all expected to positively influence demand for gold and gold’s performance this year, says the World... 

Shanghai Line 10 – Phase 2 project, China

By: Sheila Barradas     9th December 2016 The project involves supplying traction systems and train control monitoring systems for the Shanghai Line 10 – Phase 2. 

ABB supports China in transition to a "New Normal" with world-class innovation and energy efficiency

     7th December 2016 ABB CEO Ulrich Spiesshofer and Claudio Facchin, President, Power Grids division, delivered keynote addresses at ABB’s Power World 2016 event in Beijing, demonstrating ABB’s unique position as the partner of choice for stronger, smarter and greener grids in China as well as increasing... 

The ‘weird’ commodity that’s hurting bears as prices double

By: Bloomberg     7th December 2016 Iron-ore’s probably heading for a retreat in 2017 as new mine supply comes online and a surplus builds, according to UBS Group, which acknowledged that the commodity’s recent surge was unexpected and had torpedoed an earlier forecast for a slump this quarter. “It’s just surprised me,” Wayne... 

Australia gold output rises despite wet weather

By: Creamer Media Reporter      28th November 2016 Australian gold production during the three months to September rose to 75 t, despite severe weather conditions that affected some operations in the Eastern states, gold mining consultant Surbiton Associates has revealed. The September quarter production was a 1 t increase, or a 2% improvement,... 

Copper explodes above $6 000 with prices set for best week ever

By: Bloomberg     11th November 2016 Copper briefly surpassed $6 000/t and headed for the biggest weekly rally ever as the metal became the focus for traders speculating on Donald Trump’s pledge to pour money into US infrastructure. Copper rose as much as 7.6% to $6 025.50, the biggest intraday increase since 2009. Prices were at $5... 

Safe-haven gold outperforms as Trump’s election spooks financial, equity markets 

By: Martin Creamer     9th November 2016 While gold outperformed as a safe haven after Donald Trump’s worrying election as the forty-fifth president of the US, financial and equity markets were frightened into falls along with emerging market currencies, including the rand. The World Gold Council (WGC) reported on Wednesday that gold... 

Trump angst fires up gold as victory may see rally toward $1 400

By: Bloomberg     3rd November 2016 Donald Trump has lit a fire under the global gold market. Bullion rose for a sixth straight day as the tightening US presidential race spurred a jump in haven demand, with investors seeking out protection in their portfolios against the possibility of a victory for the maverick Republican... 

Why electric cars excite the world’s biggest mining company

By: Bloomberg     1st November 2016 BHP Billiton, the world’s biggest miner, is hot for electric vehicles. The Melbourne-based resources giant, which mines metals and coal used for both steelmaking and fueling power plants, is increasingly optimistic that there’ll be a surge in demand for some of its products as consumers opt for... 

Zinc hits five-year high as metal traders bet on China rebound

By: Bloomberg     1st November 2016 Zinc touched the highest in five years as the London Metal Exchange’s annual LME Week began with investors betting that a rebound in demand from China will underpin prices. Mining stocks also climbed. Metals are extending their advance after China’s economy stabilised in the third quarter,... 

Wits ranks 222 globally, 2nd in Africa  

By: Sashnee Moodley     27th October 2016 The University of the Witwatersrand (Wits) has been ranked the second best academic institution in Africa and 222nd globally according to the 2016/17 Best Global Universities (BGU) ranking by publisher US News & World Report.  Wits scored 61.4 points, up 62 places from its 2015/16 global ranking.... 

Goldman sees China’s ‘stealth’ coal bailout lasting until 2020 

By: Bloomberg     21st October 2016 China’s coal production restrictions, which have boosted prices, are a “stealth” bailout for miners and their creditors that may last until the end of the decade, according to Goldman Sachs Group. Without government intervention, China’s coal industry wouldn’t be able to service the nearly... 

MB Crusher Innovation at BAUMA CHINA 2016

     18th October 2016 Once again MB Shanghai, chinese branch office of MB Crusher, will be on stage at Bauma China 2016, Asia‘s largest and most important event for the construction industry. The event will be held at the New International Expo Centre in in Shanghai, Cina (22nd – 25th November). MB Crusher will... 

South Africa’s economic woes largely self-inflicted – CDE

By: David Oliveira     7th October 2016 While the historical legacy of apartheid and the global economic slowdown have contributed to South Africa’s poor economic growth, Centre for Development and Enterprise (CDE) executive director Ann Bernstein stated that South Africa’s economic woes were predominantly owing to government’s policy... 

Chinese technology group outlines African IoT strategy

By: David Oliveira     30th September 2016 The Asia-Pacific and African markets have been instrumental to the success of global information and communications technology (ICT) solutions provider Huawei. Speaking at the Huawei Connect 2016 conference, which took place in Shanghai from August 31 to September 2, Huawei product marketing and... 

China punishes coal, steel companies in overcapacity cut drive

By: Bloomberg     29th September 2016 China has punished coal and steel companies for illegal production or unsafe operations as part of the government’s efforts to reduce industrial overcapacity. Following safety checks at 4 624 coal mines, the regulator revoked the licences of 28 and halted production at 286, the National... 

China auto boom is warning to world miners facing scrap age

By: Bloomberg     29th September 2016 China is on the cusp of a scrap wave that will return metal from ageing cars and expired fridges to the supply chain in a growing threat to mining companies, according to  Chiho-Tiande Group , a top recycler, which is taking over one of the biggest and oldest names in Europe’s scrap business. The... 

Greenland Minerals teams up with Shenghe on Kvanefjeld development

By: Mariaan Webb     23rd September 2016 Shanghai-listed rare earths company Shenghe Resources will acquire a 12.5% interest in Greenland Minerals and Energy (GMEL) and enter into a strategic working relationship with the Australia-listed company to advance the Kvanefjeld project. Shenghe downstream processing subsidiary Leshan Shenge... 

China leads aluminium production

By: Sebastian Whyle     23rd September 2016 China is currently the biggest producer and consumer of aluminium in the world and has expanded its aluminium industry considerably over the past 11 years, says metals trading company Metal and Tool Trade (MTT) board chairperson Volker Schütte.  

Integration of digital tech seen as critical to future business success

By: David Oliveira     23rd September 2016 Companies that incorporate digital technology that is customer-centric are most likely to succeed in the business world of tomorrow, says research-based consultancy Forrester Consulting VP and principal analyst Nigel Fenwick. In a presentation following the release of a paper titled ‘Business and... 

IoT solution helping to reduce electricity line losses in Nigeria

By: David Oliveira     23rd September 2016 Global information and communications technology (ICT) services provider Huawei’s advanced metering infrastructure (AMI) solutions have enabled energy conglomerate Sahara Group’s Nigerian Ikeja Electric power distributor to reduce line losses from 46.2% to 11.6% This has led to electricity bill... 

Guinea goes from zero to hero for world’s top aluminium maker

By: Bloomberg     9th September 2016 Guinea will pass Australia to become China’s main source of bauxite next year as the world’s biggest aluminium maker boosts imports of the raw material from the West African nation that supplied almost nothing just two years ago. Shipments from Guinea to China will reach as much as 13-million... 

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