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Volatility in global base metals industry to remain, but outlook stable – Moody’s

By: Marleny Arnoldi     30th October 2018 Financial services firm Moody’s Investor Service has a stable outlook for the global base metals industry over the next 12 to 18 months, although indications are that economic growth rates may have peaked. The firm said in a release on Tuesday that synchronised economic growth rates in 2018,... 

Saudi miner Ma'aden actively looking for overseas investments - CEO

By: Reuters     26th October 2018 Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, is actively looking for investment opportunities overseas that would complement and strengthen its business inside the kingdom, the company's CEO said on Thursday. Ma'aden, which mines gold and copper and has in recent years expanded... 

IRP 2018 suffers from major failings, nuclear analyst claims

By: Rebecca Campbell     19th October 2018 South Africa's Integrated Resource Plan (IRP) 2018 contained serious flaws which significantly undermined confidence in its recommendations. So affirmed University of the Witwatersrand Honorary Research Fellow and South African Network for Nuclear Education, Science and Technology National... 

Supportive climate

By: Terence Creamer     19th October 2018 South Africans were naturally preoccupied on October 8 with whether or not Nhlanhla Nene’s offer to resign as Finance Minister would be accepted by President Cyril Ramaphosa, who subsequently appointed Tito Mboweni to the post. On that same day, however, representatives from 195 countries... 

Organisations raise objections to the draft IRP

By: Kim Cloete     17th October 2018 Industry bodies and organisations have welcomed aspects of the draft Integrated Resource Plan 2018 but have also raised concerns during public hearings held in Parliament on Wednesday. They are hoping that their suggestions will be included in a final plan for South Africa’s energy future. 

China aluminium exports to surge on trade war - CRU

By: Reuters     9th October 2018 Chinese aluminium exports are expected to surge in coming months and next year after Beijing boosted tax rebates as part of a package to soften the impact of a trade war with the United States, according to industry consultancy CRU. High Chinese exports of metals such as aluminium and steel in... 

Fresh blow for emerging markets as rising oil hits importers

By: Bloomberg     4th October 2018 For years, higher oil prices have stoked gains in emerging-market currencies. But now, Brent crude’s rally to a four-year high is beginning to hurt them. Crude-oil futures rose above $85 a barrel this week for the first time since 2014 as concern about shrinking Iranian exports outweighed higher... 

Chile weighs arbitration with top lithium producer Albemarle

By: Reuters     4th October 2018 The Chilean state agency that oversees lithium mining in the country´s Atacama salt flat will decide within a week whether to take top producer Albemarle Corp to arbitration in a contract dispute, an attorney for the agency said on Wednesday. Maria Elina Cruz, an attorney for Chile state... 

IRP 2018 suffers from major errors, affirms nuclear analyst 

By: Rebecca Campbell     3rd October 2018 South Africa's Integrated Resource Plan (IRP) 2018 contained serious flaws which significantly undermined confidence in its recommendations. So affirmed University of the Witwatersrand Honorary Research Fellow and South African Network for Nuclear Education, Science and Technology National... 

Global crude steel production rises 2.6% y/y in August

By: Simone Liedtke     25th September 2018 Global crude steel production increased by 2.6% year-on-year to 151.7-million tonnes in August, the World Steel Association (worldsteel) reports. According to the data, which was released on Tuesday, China’s crude steel production for August was 80.3-million tonnes, an increase of 2.7% compared... 

Africa’s metals, engineering cluster needs to do more to attract investment 

By: Marleny Arnoldi     21st September 2018 Steel and Engineering Industries Federation of Southern Africa (Seifsa) chief economist Dr Michael Ade has declared Africa’s metals and engineering sector open for business. Ade was addressing delegates on the second day of Seifsa’s fourth annual Metals and Engineering Indaba, in Johannesburg. 

Life After Coal continues fight against coal-fired IPP projects

By: Marleny Arnoldi     20th September 2018 The Life After Coal Campaign contends that two proposed independent power producer (IPP) coal-fired power stations will never be built. The organisation is opposed to the construction of the proposed 557 MW Thabametsi project, near Lephalale, in Limpopo, and the proposed 306 MW Khanyisa project... 

Global steel production, consumption growth to slow – Fitch

By: Tasneem Bulbulia     18th September 2018 Growth in global production and consumption of steel in expected to slow over 2018/19, following a significant rebound since early 2016, Fitch Solutions Macro Research’s recently published ‘Global Steel Outlook’ report states. The global market will post a narrowing deficit of 7.4-million tonnes... 

Successful modernization of AOD converter at SěAH CSS

By: Creamer Media Reporter      17th September 2018 The 100-ton AOD converter at the SěAH CSS stainless steel mill in Changwon, South Korea, was successfully re-commissioned in March 2018, after installation of an electro-hydraulic torque retainer from SMS group. The purpose of the modernization was to minimize the destructive forces acting on the... 

Davies to attend G20 meeting

By: African News Agency      11th September 2018 South Africa's trade and industry minister Rob Davies will attend a meeting with peers from the G20 global grouping in Argentina set to focus on the agriculture sector, his department said on Tuesday. The G20 or Group of Twenty is an international forum for the governments of Argentina,... 

Melting ice due to climate change disrupting shipping routes

By: Irma Venter     10th September 2018 Climate change is freeing up new trade routes in some areas, while increasing the risk of ice in others. There was another milestone for Arctic shipping in early 2018 when a specially designed liquid natural gas tanker became the first commercial ship to travel the Northern Sea Route in winter... 

Neo Lithium in talks for $490m Argentine mine venture

By: Bloomberg     5th September 2018 Neo Lithium is negotiating a $490-million deal to finance development of a mine in Argentina as the Toronto-based penny stock looks to tap a nascent lithium boom in the South American country. Shares rose. The company is in talks with would-be US, European and Asian joint-venture partners for... 

South Africa wins bid to host world’s largest astronomy meeting in 2024

By: Simone Liedtke     31st August 2018 South Africa has won the bid to host the 2024 General Assembly of the International Astronomical Union (IAU), marking its first assembly on African soil in its 105 years of existence. The next General Assembly will be held in South Korea in 2021, followed by Cape Town in 2024. 

Platinum-using fuel cells making more headway

By: Martin Creamer     29th August 2018 Last month’s initial public offering (IPO) on the New York Stock Exchange of Bloom Energy suggests a second, much larger market may be emerging for fuel cells, Greentech Media reported this week in an article recording the deployment of Bloom’s technology at 25 Fortune 100 companies. The... 

Crude steel production, capacity utilisation ratio increase y/y in July

By: Marleny Arnoldi     27th August 2018 Global crude steel production for the 64 countries reporting to the World Steel Association was 154.6-million tonnes in July – a 5.8% year-on-year increase. China contributed 81.2-million tonnes of crude steel in July, a 7.2% year-on-year increase. Japan produced 8.4-million tonnes, which is... 

Mathe Group ups tyre processing by 35%, grows steel exports

By: Irma Venter     24th August 2018 The KwaZulu-Natal-based Mathe Group, South Africa’s largest tyre recycler, has developed two steel by-products that are being exported to Australia and Korea in growing quantities. Dr Mehran Zarrebini, head of British investment group PFE International, which is one of the major shareholders in... 

Linde, Praxair try to save $83bn merger after antitrust blow

By: Reuters     22nd August 2018 Industrial gases giants Linde and Praxair are in talks to try to salvage their $83-billion merger after US competition regulators demanded they sell assets that generate more than $4.3-billion in sales. Linde said on Wednesday the divestments were expected to reach a level that would allow either... 

South Africa's new coal-fired plants must have emissions technology

By: Reuters     21st August 2018 South Africa's first privately built coal-fired power plants must have the latest technology to reduce harmful emissions, the energy minister said on Tuesday, as a wave of court challenges threaten to derail the projects. Environmental activists have taken legal action against the new Thabametsi... 

Anticipated growth for solar furnace market

10th August 2018 The global solar furnace market is envisaged to leverage the opportunity created by the growing need to use solar energy as a cost-effective alternative to fossil fuel, owing to increasing prices. This is according to a report by market researcher and consulting services provider TMR Research,... 

Enhanced compressed air dryer launched

10th August 2018 Global manufacturing and industrial equipment supplier, SPX Flow, through compressed air treatment supplier Artic Driers International, has introduced a “radically” new approach to compressed air drying, according to an Artic Driers International statement in July. The incessant need to reduce... 

Mathe Group ups tyre processing by 35%, grows steel exports

By: Irma Venter     7th August 2018 The KwaZulu-Natal-based Mathe Group, South Africa’s largest tyre recycler, has developed two steel by-products that are being exported to Australia and Korea in growing quantities. Dr Mehran Zarrebini, head of British investment group PFE International, which is one of the major shareholders in... 

Sumitomo says Ambatovy to miss FY18/19 nickel output target

By: Reuters     3rd August 2018 Japanese trading house Sumitomo Corp expects that nickel output at its Ambatovy project in Madagascar will likely fall short of its earlier target of 48 000 t in the year to March 2019, its chief financial officer said on Friday. "The Ambatovy has run at about 64% to 65% of full capacity in the... 

Gubong restart on the cards for 2019 - Bluebird

By: Esmarie Iannucci     1st August 2018 A report by London-listed Bluebird Merchant Ventures has found that the Gubong gold mine, in South Korea, could be reopened and recommissioned, with production expected in late 2019. Joint venture partner Southern Gold told shareholders on Wednesday that Bluebird had provided the company with an... 

Chile says lithium miner Albemarle slow to respond on contract details

By: Reuters     31st July 2018 Chile's government said on Monday that lithium miner Albemarle had been slow to respond to the government's requests for information about a contract the US-based miner signed with the South American country in 2016. The contract allows Albemarle to produce lithium on land owned by the Chilean... 

Tunisia, AfDB to launch drones pilot project for agriculture management

By: Marleny Arnoldi     30th July 2018 Tunisia and the African Development Bank (AfDB) have signed an agreement for the launch of a pilot project to use drones for data collection, which will enhance the management of agricultural projects in the country. The project will be implemented over the next ten months and will receive... 

MeerKAT highlights importance of funding

By: Rebecca Campbell     27th July 2018 The official inauguration of the 64-dish MeerKAT radio telescope array in the middle of this month was a wonderful landmark in the history of both science and technology in South Africa. It marked the culmination of years of hard work and innovation by South African scientists and engineers, and,... 

India readying to lift ban on gold imports from South Korea

By: Ajoy K Das     25th July 2018 A sharp fall in gold imported into the country during the first quarter of the current financial year has prompted the Indian government to move toward an early lifting of the import ban of the precious metal from South Korea. With gold imports down 25% during first quarter at $8.43-billion and... 

Occupational disease prevention campaign launched

By: Schalk Burger     20th July 2018 Workplace health and safety compensation funds Rand Mutual Assurance (RMA), Federated Employer’s Mutual Assurance Company and the Department of Labour Compensation Fund, as well as the Department of Mineral Resources have launched the Occupational Disease Prevention Campaign. Preventing injuries... 

EU to curb steel imports after Trump tariffs

By: Reuters     18th July 2018 The European Union will launch measures on Thursday designed to prevent a surge of steel imports into the bloc following the US imposition of tariffs on incoming steel and aluminium, the EU's official journal said. The European Commission has proposed a combination of a quota and a tariff to... 

Compressed air dryer freezing the costs of energy consumption

By: Halima Frost     13th July 2018 Compressed-air treatment suppliers Artic Driers International, also the Southern Africa distributor of global manufacturer SPX Flow Busan products, has introduced a new approach in compressed-air drying South Africa through the Phase Change Material (PCM) compressed-air dryer. “The constant need... 

Hurting for buyers, US coal miners are learning to love India

By: Bloomberg     12th July 2018 The big bright spot for US coal miners is located halfway around the world. India almost tripled its imports of the rock from America in the first quarter from a year earlier, helping fuel its fast-growing economy and making it the largest foreign buyer of US coal, according to the US Energy... 

Occupational disease prevention campaign launched

By: Schalk Burger     6th July 2018 Workplace health and safety compensation funds Rand Mutual Assurance (RMA), Federated Employer’s Mutual Assurance Company and the Department of Labour Compensation Fund, as well as the Department of Mineral Resources, on Thursday launched the Occupational Disease Prevention Campaign, in... 

2018 to be a pivotal year for ICT industry, report asserts

By: Natasha Odendaal     6th July 2018 With the unprecedented continuous and rapid developments in fifth-generation (5G) and the Internet of Things (IoT), 2018 will not be “just another year” for an industry that has become accustomed to high smartphone subscription and mobile traffic growth. Over the next five years, there are... 

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