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Hyundai opens assembly plant in Ethiopia

By: Reuters     22nd February 2019 South Korea's Hyundai Motor Co opened a 10 000-a-year vehicle capacity assembly plant in the Ethiopian capital Addis Ababa on Thursday, its first factory in East Africa. While second-hand vehicles dominate sales in the Horn of Africa country, Hyundai hopes locally-assembled cars could prove... 

There’s liquidity in gas

18th February 2019 Mozambique is no stranger to mega-projects with large foreign direct investments dating back to the 90’s. Mozambique, through its National Oil Company, has again partnered with International Oil Companies for the development of gas resources discovered in offshore Mozambique. RMB’s Oil and Gas... 

WWF starts One Planet City Challenge 2019

By: Marleny Arnoldi     13th February 2019 Afgri Technology Services (ATS) has partnered with the University of Pretoria’s (UP’s) TuksNovation to foster innovation in the agricultural sector. TuksNovation is a nonprofit organisation founded by the university, in partnership with the departments of Trade and Industry and Small Business... 

Livent's lithium woes in China cloud industry outlook

By: Reuters     13th February 2019 Livent on Tuesday forecast a drop in Chinese lithium sales for the year because of uncertainty about the country's electric vehicle subsidies, a worrisome sign for other producers of the key battery component. The Philadelphia-based company, among the first major global lithium producers to post... 

Hydrogen fuel cell power plant, South Korea

By: Sheila Barradas     8th February 2019 Hanwha Energy is building a fuel cell power plant, which will be the first in the world to be powered solely by hydrogen that is extracted as a by-product from petrochemicals production.  

Bluebird eyes start to South Korean mines

By: Esmarie Iannucci     7th February 2019 LSE-listed Bluebird Merchant Ventures was still targeting its first gold pour in South Korea before the end of 2019, joint venture (JV) partner Southern Gold reported. The JV is hoping to bring the Gubong and Kochang mines back to operation, with Bluebird expecting cash flow from the operations... 

Sumitomo books $137m one-off losses on Ambatovy nickel project

By: Reuters     6th February 2019 Japanese trading house Sumitomo Corp booked one-off losses of about 15-billion yen ($137-million) on the Ambatovy nickel/cobalt project in Madagascar in the October to December quarter and cut its nickel output estimate for the current year for the project. The losses include about 10-billion... 

Coal exports have not risen since 2008, with the IRP posing a further threat, says Minerals Council

By: Kim Cloete     4th February 2019 Coal production, exports and investment in the industry have remained stagnant since 2008, despite higher export prices and South Africa’s abundant coal reserves, says the Minerals Council South Africa. “Even as the coal export price soared, export volumes failed to respond,” Minerals Council... 

King Shaka airport, Dube cargo terminal report growing international use

By: Schalk Burger     31st January 2019 The King Shaka International Airport and the Dube TradePort Cargo Terminal, in La Mercy, in KwaZulu-Natal, have recorded growth in international flights and airfreight volumes over the past year, Dube TradePort Corporation CEO Hamish Erskine said in a statement on Thursday. The Cargo Terminal... 

Chile strikes deal with lithium miner Albemarle in contract dispute

By: Reuters     25th January 2019 Chile State development agency Corfo said on Thursday it had reached a deal with the world's top lithium miner, Albemarle, to resolve a contract dispute and would not file a previously threatened arbitration lawsuit against the US-based producer. The spat centered around an amendment to the... 

RBCT coal exports decline 

By: Martin Creamer     24th January 2019 Richards Bay Coal Terminal (RBCT) exported 73.47-million tonnes of coal in 2018, 4.1% less than in 2017. The main export destination of the South African-mined coal was Asia at 81.6%. 

ArcelorMittal's Essar bid delays planned JV with SAIL -official

By: Reuters     23rd January 2019 ArcelorMittal's prolonged bid to buy debt-ridden Essar Steel is delaying the world's biggest steelmaker's joint venture with state-owned Steel Authority of India Ltd (SAIL), India's steel minister and SAIL's chairman said. India's biggest state-owned steel company SAIL and billionaire Lakshmi... 

Electric car growth rate to cool in 2019, says report

By: Irma Venter     23rd January 2019 Bloomberg New Energy Finance (BNEF) expects the electric passenger car sales growth rate to cool in 2019. In its ‘Transition in Energy, Transport – 10 Predictions for 2019’ report, BNEF says there are now almost five-million passenger electric vehicles (EVs) on the road globally. 

Ford, IBM among quartet in Congo cobalt blockchain project

By: Reuters     16th January 2019 Carmaker Ford, technology giant IBM, South Korean cathode maker LG Chem and China's Huayou Cobalt have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo. The pilot, overseen by responsible-sourcing group RCS Global, aims to help... 

AB InBev soars on possible IPO of Asian business 

By: Bloomberg     11th January 2019 Anheuser-Busch (AB) InBev's shares jumped the most since 2015 after people with knowledge of the matter said the world’s largest brewer is considering an initial public offering of its Asian operations as a way to unlock value after a string of acquisitions left it saddled with debt. The Leuven,... 

EU expected to clear steel import curb after Trump tariffs

By: Reuters     9th January 2019 European Union countries are expected to next week approve a scheme to limit imports of steel into the bloc following US President Donald Trump's imposition of tariffs on steel and aluminium entering the United States. The vote on Jan. 16 would put in place an effective cap on steel imports for... 

Qld LNG exports reach new heights

By: Esmarie Iannucci     8th January 2019 Liquefied natural gas (LNG) exports through the Port of Gladstone reached a record 20.58-million tonnes in 2018, the Queensland Resources Council (QRC) has revealed, reaffirming the sector’s importance to the Queensland economy. QRC CEO Ian Macfarlane said the data released by Gladstone Ports... 

Congo postpones Sunday's presidential vote by a week

By: Reuters     21st December 2018 Democratic Republic of Congo's election board has postponed a long-anticipated presidential vote scheduled for Sunday by one week until December 30 after a fire destroyed voting materials. Already delayed repeatedly since 2016, the poll is meant to choose a successor to President Joseph Kabila,... 

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... 

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