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Workers at Chile's Escondida, world's top copper mine, ink contract

By: Reuters     Updated 6 hours ago The union representing workers of Chilean copper mine Escondida signed a new collective labor contract on Friday, ending the risk of a strike that could have paralyzed the world's biggest copper mine. Mine operator BHP had said earlier in the week that terms had been reached but the union needed... 

Key to a sustainable future: thyssenkrupp launches advanced water electrolysis

17th August 2018 As renewable energy sources continue their global success story, the demand for integrating them into the current South African energy and industry landscape grows. thyssenkrupp now offers a key technology for renewables integration: Industrial scale water electrolysis for large projects.... 

Construction advancing on eCobalt’s Idaho project

By: Anine Kilian     17th August 2018 Construction at eCobalt Solutions’ Idaho cobalt project, in the Idaho cobalt belt, continues to advance on time and on budget, the company said on Thursday. “Very good progress has been made at the project by our exceptional team of mining professionals,” CEO Paul Farquharson said in statement on... 

“Once you experience the value of Atlas Copco there’s no looking back” - Dynamic Air

17th August 2018 Dynamic Air recently purchased two XATS1200 compressors from Atlas Copco Power Technique to replace older same brand compressors for one of their customers in the oil refinery industry. “Having reached between 18 000 and 21 00 hours, we can safely say that these two Atlas Copco compressors have... 

New regulation increases interest in local industry

By: Melissa Zisengwe     17th August 2018 The logistics industry will be boosted by the New Customs Acts Programme (NCAP), which was formally introduced this year, says working capital specialists Investec Import Solutions customs manager Dylan Govender. The South African Revenue Service (Sars) describes the NCAP as a safe, enabling,... 

Biofuels unviable alternative in South Africa – expert

By: Paige Müller     17th August 2018 Owing to biofuels being too expensive to manufacture, University of the Witwatersrand (Wits) Business School Energy Leadership Centre director Dr Rod Crompton says this makes them a commercially unviable energy source. He tells Engineering News that, despite the fact that global renewable-energy... 

Biojet feasibility project under way

By: Paige Müller     17th August 2018 The Waste to Wing feasibility project, aimed at ascertaining the viability of waste-based sustainable aviation biofuel production and consumption in South Africa, is under way, says nature conservation organisation World Wide Fund for Nature South Africa (WWF-SA). WWF-SA bioenergy programme... 

Industry membership set to stimulate sector

By: Tasneem Bulbulia     17th August 2018 Steel supplier and processing company Allied Steelrode will use its new membership of the SA Institute of Steel Construction (SAISC) to play a positive role in the development and regeneration of the downstream steel industry, Allied Steelrode executive director Warne Rippon tells Engineering... 

Can’t you handle the truth?

By: Riaan de Lange     17th August 2018 Have you seen any mention of the publicat of the International Monetary Forum's (IMF's) 2018 Article IV consultation with South Africa? For what I have seen, it was released through a notice from the National Treasury on July 30. Have you seen any mention of this in the South African financial... 

Budget airline continues to refine its service and aircraft mix

By: Rebecca Campbell     17th August 2018 Pan-African low cost carrier Fastjet (which operates under the brand fastjet) is continuing its programme of optimising its services, routes, and fleet, to restore its financial health, ensure it becomes a sustainable going concern, and thereafter achieve consistent profitability. “As a... 

US nuclear company Westinghouse emerges from bankruptcy protection

By: Rebecca Campbell     17th August 2018 US major nuclear group Westinghouse Electric exited from bankruptcy protection (under Chapter 11 of US Bankruptcy Code) at the start of this month, when its takeover by Brookfield Business Partners came into effect. Brookfield, which is listed on the New York and Toronto Stock Exchanges and is... 

Gold Fields remains in ‘strong’ financial position, despite $367m loss, says Holland

By: Simone Liedtke     16th August 2018 Despite attributable losses from continuing operations for the six-month period ended June 30, of $367-million or $0.45 a share, CEO Nick Holland maintains that the NYSE- and JSE-listed Gold Fields remains in a strong financial position. Holland further noted on Thursday that the integrity of the... 

Elikhulu tailings retreatment project pours first gold; Pan African announces next big project 

By: Schalk Burger     16th August 2018 At the inaugural gold pour at its Elikhulu gold tailings retreatment project, in Mpumalanga, on Thursday, Pan African Resources announced the company's next big project, Royal Sheba, which will be built within the company's existing mining right at Barberton, Mpumalanga, before the end of 2019.... 

Cobalt prices stabilising – ERG

By: Anine Kilian     16th August 2018 The recent price adjustment in the cobalt market represents a logical and short-term correction to the heightened speculative activity earlier this year, says Eurasian Resources Group (ERG) CEO Benedikt  Sobotka. Cobalt metal prices jumped in excess of 120% between 2016 and 2017, a sign of strong... 

Iluka's H1 earnings surge

By: Esmarie Swanepoel     16th August 2018 Mineral sands miner Iluka has reported an 80% increase in the underlying group earnings before interest, tax, depreciation and amortization (EBITDA) for the half-year to June. Underlying EBITDA reached A$278.5-million in the interim period, compared with the A$154.6-million in the previous... 

Indian mining industry seeks tax overhaul

By: Ajoy K Das     16th August 2018 The Indian mining industry has called for a complete overhaul and rationalisation of the tax regime, including scrapping the export tax on iron-ore and bauxite. The Indian mining industry has to bear the burden of one of the highest incidence of tax in the world. Mines allocated through... 

Why converting municipal trash into energy isn’t a complete waste of time

15th August 2018 Although many would argue otherwise, the inevitable concept of centralized power plants is slowly dissipating. We’re moving into an era where consumers of energy are also becoming producers of it, where communities and businesses are generating their own power. But, even though conversations... 

Davies endorses Itac’s recommendation of increase in sugar import duties

By: Simone Liedtke     15th August 2018 Trade and Industry Minister Dr Rob Davies has endorsed the International Trade Administration Commission of South Africa’s (Itac’s) recommendation for an increase in import duties on sugar to $680/t. While the level is not at the maximum bound rate, as initially requested by the industry in the... 

The Brenthurst Foundation Appoints Three New Advisory Board Members

14th August 2018 The Brenthurst Foundation is pleased to share with you news of three appointments to our Advisory Board: former President of Liberia (and Nobel laureate) Ellen Johnson Sirleaf, former Defence Minister of Colombia Juan Carlos Pinzón, and former Prime Minister of Ethiopia Hailemariam Desalegn. Our... 

Minister decries Gold Fields’ job-cut plan at cash-burning South Deep

By: Martin Creamer     14th August 2018 They say South Deep will be the last gold mine standing, but every report coming out of it indicates that it is an extremely hard nut to crack, with production hopelessly below guidance. Since 2006, Gold Fields has pumped R32-billion into South Deep without even breaking even, let alone making a... 

Northern Cape wind farm funds FitzPatrick Institute bird study

By: Anine Kilian     10th August 2018 Kangnas Wind Farm and the FitzPatrick Institute of African Ornithology are working in partnership to gather data related to the Red Lark’s current status, its occurrence, habitat preferences and threats.  As an endemic species, Red Lark is one of only a few species solely confined to the Northern... 

Cape Town changing HID street lights with smart LED technology

By: African News Agency      10th August 2018 The programme to replace high intensity discharge (HID) lamps with light-emitting diode (LED) technology is progressing well, the City of Cape Town said on Thursday. In a statement, the City said it has budgeted approximately R20-million in this new financial year to replace more HID lamps with... 

Space agencies of South Africa and India strengthen cooperation

By: Rebecca Campbell     10th August 2018 The South African National Space Agency (Sansa) and the Indian Space Research Organisation (ISRO) formalised their relationship by signing a Memorandum of Understanding on the fringes of the recent Brics Summit in Johannesburg. (Brics is the alignment between Brazil, Russia, India, China, and... 

AFC welcomes completion of, first shipment from Guinea bauxite mine

By: Nadine James     8th August 2018 Infrastructure development finance institution Africa Finance Corporation (AFC) on Wednesday announced the on time completion of the Bel Air mine, in Guinea, and its first shipment of high-grade bauxite to China.  The construction of the mine was completed on time and within budget.  

Sustainability beyond the “factory door”

By: Creamer Media Reporter      8th August 2018 Sustainable business practices are no longer a nice to have, but a vital component of strategy that drives organisational longevity, market share and bottom-line performance. For the most part, responsible organisations have adopted environmentally friendly practices into their everyday... 

Development continues at Waterfall City 

8th August 2018 From Creamer Media in Johannesburg, this is the Real Economy Report. Sashnee Moodley: Construction and development of JSE-listed Attacq’s Waterfall City is ongoing, with new infrastructure including roads, residential properties and warehouses continuously in the pipeline. Anine Kilian tells us... 

Engen Pitch & Polish continues to advance entrepreneurs

By: Creamer Media Reporter      8th August 2018 Engen believes that entrepreneurship and an entrepreneurial culture are crucial to South Africa’s sustainable economic and social development. This is why the petroleum giant is again a proud partner and the headline sponsor of the 2018 Engen Pitch & Polish, powered by Raizcorp.   It is the ninth... 

New legal and innovation expertise on board at the Bigen Group

By: Creamer Media Reporter      7th August 2018 Dr McLean Sibanda, until recently CEO of The Innovation Hub Management Company (TIH) in Pretoria, has joined the Bigen Group as Executive: Investments and Concessions at its head office located at The Innovation Hub precinct in Pretoria. The Bigen Group is a leading multinational infrastructure... 

Heavy-handed laws not needed to transform mining – RBPlat 

By: Martin Creamer     6th August 2018 The growth of the once small community-based Royal Bafokeng Platinum (RBPlat) into the fully fledged mining company that it is today, provides ample evidence that transformation is best served by collaborative partnerships rather than heavy-handed laws. “Anglo American Platinum have been an... 

Low cost airline Fastjet makes further changes to its market offering

By: Rebecca Campbell     6th August 2018 Pan-African low cost carrier Fastjet (which operates under the brand fastjet) is continuing its programme of optimising its services, routes, and fleet, it reported on Monday. The aim is to restore its financial health, ensure it becomes a sustainable going concern, and thereafter achieve... 

Great Australian Bight holds a treasure trove for South Australia

By: Esmarie Swanepoel     6th August 2018 A new study by the Australian Petroleum Production and Exploration Association (Appea) has found that successful oil exploration in the Great Australian Bight could see the creation of more than 2 000 jobs in South Australia and generate over A$7-billion a year in average tax revenue to federal... 

thyssenkrupp teams up with The Red Wings Project to spread Mandela Day goodwill

6th August 2018 The education of countless disadvantaged young girls in South Africa is being compromised due to high absenteeism from school; the lack of access to and unaffordability of sanitary pads result in many girls missing one week of school every month. thyssenkrupp Industrial Solutions South Africa has... 

High-speed door solutions from Maxiflex are cool!

6th August 2018 High-speed roll-up doors from Maxiflex are helping to maintain constant temperatures inside the cold storage and refrigeration areas of Makro Riversands and Makro Springfield located in Gauteng and Kwazulu-Natal (KZN) respectively. “Makro Riversands is a brand new store that opened its doors at... 

Energy access a catalyst for economic growth, says green energy company 

By: Simone Liedtke     3rd August 2018 Access to cheaper and reliable energy, through renewable energy technology, would be a catalyst for boosting the African continent’s gross domestic product (GDP) in a sustainable way, green energy technology provider New Southern Energy (NSE) CEO David Masureik told Engineering News Online in a... 

High-speed door solutions from Maxiflex are cool!

3rd August 2018 High-speed roll-up doors from Maxiflex are helping to maintain constant temperatures inside the cold storage and refrigeration areas of Makro Riversands and Makro Springfield located in Gauteng and Kwazulu-Natal (KZN) respectively. “Makro Riversands is a brand new store that opened its doors at... 

Erudite adopts a fresh approach to transformation 

By: Nadine James     3rd August 2018 Becoming a sustainable and relevant mining industry service provider requires a genuine effort to meet and address issues of localisation and transformation, while fostering local partnerships to develop extractive projects in African countries, suggests engineering, procurement and construction... 

thyssenkrupp teams up with The Red Wings Project to spread Mandela Day goodwill

3rd August 2018 The education of countless disadvantaged young girls in South Africa is being compromised due to high absenteeism from school; the lack of access to and unaffordability of sanitary pads result in many girls missing one week of school every month. thyssenkrupp Industrial Solutions South Africa has... 

Merger volumes fall in second quarter

By: Esmarie Swanepoel     3rd August 2018 Global merger and acquisition (M&A) transaction values in the mining and metals sector fell by 9.5% year-on-year in the second quarter of 2018, advisory firm Ernst & Young (EY) reported this week. In its latest quarterly data, the company noted that while deal value in the first half of 2018 was... 

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