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Global governments improve business climate through reforms  

By: Marleny Arnoldi     31st October 2018 The Word Bank Group’s ‘Doing Business 2019: Training for Reform’ report finds that governments around the world have set a new record in bureaucracy busting efforts for the domestic private sector, implementing 314 business reforms over the past year. This number of reforms this year has... 

TPP-11 to give Australian resources a major boost – Minerals Council

By: Esmarie Iannucci     31st October 2018 PERTH (miningweekly.com) – The Australian government has ratified the Trans-Pacific Partnership (TPP-11) trade agreement, a move that has been welcomed by the resources sector. Australia is the sixth country to ratify the agreement, meaning it can now enter into force on December 30, with... 

TNG signs another LoM offtake

By: Esmarie Iannucci     30th October 2018 Strategic metals company TNG has signed a binding term sheet with Switzerland-based speciality chemicals distributor DKSH, to purchase all the titanium dioxide pigment produced at the Mount Peake vanadium/titanium/iron project, in the Northern Territory. TNG MD Paul Burton said on Tuesday that... 

Gemfields finds 1.1 kg emerald at Kagem in Zambia

By: Bloomberg     29th October 2018 The world’s biggest emerald miner has found a gem that weighs more than 1.1 kg at its mine in Zambia. The 5 655 ct stone found earlier this month at the Kagem mine will be sold at auction in Singapore in November, Gemfields Group said in a statement on Monday. 

Flow of LME nickel to hidden storage dents bull story

By: Reuters     19th October 2018 The bulk of nickel moving out of London Metal Exchange-approved warehouses in Asia is showing up in hidden facilities in Europe, analysts said, denting a bullish scenario of potential shortages. LME nickel stocks have shrunk by about 40% this year, largely from warehouses in Malaysia, Taiwan... 

De Beers eyes tech markets for synthetic diamonds future 

By: Reuters     19th October 2018 Anglo American unit De Beers is going after lucrative, but elusive high-tech markets in quantum computing, as it aims to expand its lab-grown diamond business beyond drilling and cutting. Element Six, De Beers' synthetic diamond arm, is building a $94-million factory in Portland, Oregon, an... 

Latest WEF global competitiveness report raises red flags for South Africa

By: Simone Liedtke     17th October 2018 The World Economic Forum’s (WEF’s) latest findings in its Global Competitiveness Report for 2018/19 again raised several flags about factors in South Africa’s economic performance, which are having a serious negative impact on its international competitiveness, says North West University... 

South Africa slips in WEF Global Competitiveness Index

By: African News Agency      17th October 2018 South Africa has fallen another five places in the World Economic Forum Global Competitiveness Index (WEF GCI), placing 67 out of 140 countries. The 2018 WEF GCI, released on Wednesday, scores 140 economies using 98 indicators organised into 12 pillars – institutions, infrastructure, ICT... 

Gold comes alive in biggest jump since 2016 after equities roiled

By: Bloomberg     12th October 2018 Gold may have finally snapped out of its inertia. On Thursday, prices posted the biggest gain since June 2016, when the UK voted to exit the European Union, after a slump in global equity markets stoked demand for the metal as a store of value. Bullion received another shot in the arm after data... 

China swoops in on Canadian oil that's $50 below US crude

By: Bloomberg     11th October 2018 Chinese oil buyers are making a beeline for a bargain across the Pacific. With Canadian oil over 60% cheaper than US benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy, sludgy crude. That’s because – apart from being a source of fuel – it’s... 

Gold gets ignored as global equity rout fails to fire up havens

By: Bloomberg     11th October 2018 Equities are plummeting, President Donald Trump says the Federal Reserve’s gone ‘loco’ and the trade war’s heating up, yet traditional havens in times of trouble such as gold are not getting any love. The biggest selloff in equities since February rolled through Asia and into Europe on Thursday,... 

Gold nudges up on risk aversion amid China worries

By: Reuters     9th October 2018 Gold prices edged higher on Tuesday as risk appetite fell, with Asian stocks slipping to 17-month lows amid concerns over a potential slowdown in China's economic growth. Spot gold was up 0.2% at $1 189.58/oz at 07:15 GMT. On Monday, it fell 1.2%, its biggest one-day percentage fall since August... 

Investment dream team has hit the ground running – Ramaphosa 

By: News24Wire      3rd October 2018 President Cyril Ramaphosa says his special envoys on investment have held 150 meetings with investors in total - visiting Johannesburg, Cape Town and nine countries over five months. This as Ramaphosa updated Members of Parliament in a written reply to questions on one of his earliest economic... 

Cleat Manufacturer Secures Major Singapore Tunnel Contract

3rd October 2018 Leading manufacturer of cable glands and cable cleats, CMP Products, has secured a major contract to supply cable restraining ‘cleats’ to the multi-million dollar Singapore Tunnel Project. Owned by Singapore Power Grid, (SPG) the project aims to future-proof the supply of electricity across... 

Opec will balance oil markets, but spare capacity limited – Nigerian official

By: Reuters     26th September 2018 The Organization of the Petroleum Exporting Countries (Opec) will act to balance the market after oil prices hit their highest in four years, but its options may be limited by available spare capacity, a Nigerian oil industry official said on Wednesday. "It's obvious that if you have high prices... 

Bank of America sees gold topping $1 300 on fiscal deficit

By: Bloomberg     24th September 2018 Gold is set to surge over the next year as concerns deepen about the widening US. budget deficit and a tariff-driven trade war starts to damage the country’s economy, according to Bank of America Merrill Lynch. Bullion could average $1 350/oz in 2019 as corporate tax reforms worsen the US... 

Goldman backs commodities as trade war fury now met with shrugs

By: Bloomberg     21st September 2018 Commodity bull Goldman Sachs Group says raw materials are poised to gain into the end of the year as investors have now become used to trade-war tensions, growth in top economies remains strong, and consumers who’d put off purchases in recent months start buying again. Copper jumped. “This week... 

How Anglo quietly built a commodity trader in Glencore's shadow

By: Bloomberg     17th September 2018 Anglo American has quietly become a commodities trader. In just five years, the century-old miner assembled marketing operations that now sell more metals than the company produces. Yet the trading business gets barely a mention at presentations by Anglo executives or in analyst reports, taking... 

Ramaphosa wants smart, connected cities, says sci-tech minister

By: African News Agency      11th September 2018 Cities that are digitally connected and ready to benefit from and contribute to the Internet of Things (IoT) are a priority for President Cyril Ramaphosa and the South African government. This is according to Minister of Science and Technology Mmamoloko Kubayi-Ngubane, who made the remarks on... 

Seventy years of weld training

7th September 2018 Founded in 1948, this year, the Southern African Institute of Welding (SAIW) is 70 years old and it has been one of the great success stories in South African industry. From its fledgling beginnings, when it acted mainly as the South African welding industry’s association, it has grown into the... 

Vesconite

7th September 2018 Self-lubricated polymer bearings and bushes manufacturer VescoPlastics welcomes visitors to its stand (Hall 6 Stand C23) at Electra Mining Africa, which will be held at Nasrec, Johannesburg, from September 10 to 14. VescoPlastics caters for most bearing and wear-plate-bearing requirements of the... 

Gold's dismal run sets half-decade mark as dollar and stocks win

By: Bloomberg     31st August 2018 Gold is set for a fifth straight monthly decline, the longest losing run in half a decade, as the dollar gets a twin boost from trade tensions and the Federal Reserve’s path for higher interest rates, while inflation remains stuck in hibernation and US equities notch record after record. Bullion... 

How technology has made the world a smarter place

27th August 2018 By Mr CY Kim, Managing Director, LG Electronics South Africa Technology is embedded into every facet of modern life and with the arrival of artificial intelligence (AI), the internet of things (IoT) and the fourth industrial revolution, people sometimes worry about the implications of every... 

Gold seen fighting back in battle with dollar for haven role

By: Bloomberg     17th August 2018 Don’t write off gold in the battle of the havens. Bullion has lost out in a paradigm shift where the metal’s no longer viewed as the traditional refuge when investors are in a risk-off mood, but that won’t last, according to Rick Rule, CEO of Sprott US Holdings. 

Mozambique's ruby mining goes from ‘wild west’ to big business

By: Bloomberg     13th August 2018 Sebastiao Pedro struck it lucky in 2014 when, as a 21-year-old small-scale miner, he found a large red ruby in northern Mozambique. He sold it to a buyer from Vietnam for $43 000, returned to his family 900 miles away and built a house with the proceeds. Then the money ran out. 

Noble Group sues Australian coal producers for alleged breaches

By: Bloomberg     3rd August 2018 Noble Group, the commodity trader seeking to push through a restructuring after losing billions of dollars and defaulting, has filed a claim in Australia against two coal producers for alleged breaches of contractual obligations under a marketing services agreement. The Singapore-listed company,... 

Full management solution for on-board maintenance launched

3rd August 2018 Marine coatings supplier Jotun launched an innovative solution that brings simplicity, predictability and optimal quality to the process of marine on-board maintenance. Launched in June, the SeaStock Management Solution will see Jotun assuming full management of its customers’ on-board... 

Top-grade iron-ore may spike to $100/t

By: Bloomberg     16th July 2018 High-grade iron-ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity, adding further momentum to a trend that’s reshaped the global market in recent years and driven buyers in Asia’s top economy to seek out better-quality material.... 

Iron-ore slides to seven-month low as trade war fears mount

By: Bloomberg     5th July 2018 Iron-ore’s starting to buckle after a series of warnings that prices are set to drop amid rising global supply, and as investors fret about the potential impact of escalating trade tensions between the US and China. Benchmark spot ore eased to $62.50/t on Thursday, the lowest since November,... 

Goldman says buy commodities as clock ticks toward trade war

By: Bloomberg     5th July 2018 Commodity bull Goldman Sachs Group Inc. has poured cold water on the notion that a trade war between the US and China represents a serious threat to raw materials, saying most of them aren’t likely to be significantly impacted, and after recent declines now’s the time to buy. The Wall Street... 

Commodities face a twin threat, Morgan Stanley says

By: Bloomberg     29th June 2018 Commodities face a twin threat in the coming months, according to Morgan Stanley, which flagged burgeoning risks to consumption from a potential escalation in global trade tensions, especially for metals, as well as any slowdown in China. “Escalating global trade tensions bring a risk of demand... 

Gold has miserable month as dollar seen as 'first choice' haven

By: Bloomberg     29th June 2018 Gold’s losses in June, driven by an ascendant dollar, have put it on course for the biggest monthly drop since November 2016, when markets were roiled by Donald Trump’s victory in the US Presidential election. Bullion for immediate delivery traded at $1 250.98/oz at 9:56 a.m. in London, near the... 

Gold seen fighting back as dollar rebound is poised to reverse

By: Bloomberg     27th June 2018 Much maligned gold is set to stage a comeback as the dollar weakens, according to Pictet Wealth Management. Bullion will climb to $1 320 an ounce by the end of the year, said currency strategist Luc Luyet, which compares with about $1 256 on Wednesday. While trade tensions haven’t yet provided... 

Africa to get three top-notch cyber security facilities

27th June 2018 NEC XON is creating three new Cyber Defence Operations Centres (CDOC), one in Nigeria, another in Senegal, and the third in Mauritius in addition to the existing facilities in South Africa.   The new cyber security facilities form the nucleus of pan-African collaboration for sharing global threat... 

AUTONOMOUS ADVANTAGE

15th June 2018 Singapore has built a mini town designed to position it favourably in the global race to deploy driverless public transport. The 2 ha complex has intersections, traffic lights, bus stops and pedestrian crossings, all built to Singapore’s public-roads specifications. Pictured above is a Navya SAS... 

ACSA continues to work with African partners in developing airports 

By: Kim Cloete     13th June 2018 The Airports Company South Africa (ACSA) says it is working with its counterparts in Mozambique, Zambia and Ghana on the commissioning of airports. ACSA COO Fundi Sithebe says the company is assisting the Zambian government in commissioning its Kenneth Kaunda International Airport, as well as... 

Gemfields’ latest auction nets $71.8m

By: Simone Liedtke     11th June 2018 JSE-listed Pallinghurst Resources’ Gemfields subsidiary sold about 95% of its lots on offer at an auction of rough rubies held in Singapore last week. The auction yielded an all-time auction record for the company, generating $71.8-million in revenues with the rubies sold at an average realised... 

60 year anniversary of global polymer company - 8 lessons for entrepreneurs

By: Creamer Media Reporter      4th June 2018 At 87 years old, serial entrepreneur Alain Leger, who founded one of South Africa’s most successful manufacturing enterprises, is a seasoned business person celebrating the 60th anniversary of the company he founded this year. While the art of taking on financial risks in the hope of achieving... 

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