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Japan aluminium industry may consider crafting quality assurance guidelines after Kobe Steel scandal

By: Reuters     13th November 2017 Japan's aluminium industry may consider crafting sector-wide quality assurance guidelines if it gets requests from member companies to do so in the wake of the data fabrication scandal that has engulfed Japan's Kobe Steel, the head of Japan's aluminium industry association said on Monday. Mitsuru... 

Japan's steelmakers in rare sweet spot, but Kobe Steel may miss out

By: Reuters     1st November 2017 Japan's steelmakers are in the midst of the best market conditions in at least three years as steel prices rise with construction in full swing for the 2020 Olympics in Tokyo and automakers boosting production. But the country's third-biggest steelmaker, Kobe Steel Ltd , is likely to be left out... 

Gold heading for worst weekly run in '17 as higher rates loom

By: Bloomberg     6th October 2017 Gold has taken a relentless battering. Prices are poised to drop for a fourth week, the worst streak of losses this year, on prospects for higher U.S. interest rates, a rising dollar, a strong American economy and record equity markets. Fears over a potential nuclear conflict with North Korea... 

Yokogawa to Conduct PoC Test of Remote Pump Monitoring Service Using Its IIoT Architecture

     28th September 2017 Creating new value by working with partner companies Yokogawa Electric Corporation (TOKYO: 6841) announces that it has begun working with Iwaki Co., Ltd. on a proof-of-concept (PoC) test for a remote pump monitoring service. This service will use an Industrial IoT (IIoT) architecture that is... 

The six major economies reaffirm their commitment to free trade

By: Keith Campbell     15th September 2017 Leaders of six of the world’s ten biggest economies have reaffirmed their support for free trade, at two high level meetings held in Asia recently. The countries concerned are Brazil, China, India, Japan, Russia and the UK. In terms of gross domestic product (GDP) measured in purchasing power... 

Ballard surges on design that reduces platinum in fuel cells

By: Bloomberg     14th September 2017 Ballard Power Systems, a supplier of fuel-cell power systems, surged to a three-year high after announcing a technology breakthrough that replaces most of the high-cost platinum used in earlier design. Ballard gained 24% to $4.59 at 3:08 pm, in New York, the most intraday in more than a year and... 

Isuzu Motors South Africa unveils leadership changes

By: Irma Venter     1st September 2017 Isuzu Motors South Africa (IMSAf) has announced a number of leadership appointments in support of the purchase of all Isuzu-related assets from General Motors South Africa (GMSA), effective January next year. Haruyasu Tanishige, in addition to his current role of senior executive officer for the... 

Toyota to begin Durban assembly of Hino trucks in November

By: Irma Venter     25th August 2017 Assembly of the new Hino 500 Series truck will start at Toyota South Africa Motors’ Durban plant in November. The first prototypes have already been built, says Hino South Africa senior manager Leslie Long. 

New Isuzu SA business to be headed by GMSA CFO, Michael Sacke

By: Irma Venter     22nd August 2017 Isuzu Motors South Africa (IMSAf) on Tuesday announced a number of leadership appointments in support of the purchase of all Isuzu-related assets from General Motors South Africa (GMSA), effective January next year. Haruyasu Tanishige, in addition to his current role of senior executive officer... 

Sumitomo Metal Mining exits Solomon Islands nickel exploration project

By: Reuters     8th August 2017 Japan's Sumitomo Metal Mining said on Tuesday it will withdraw from a nickel exploration project in the Solomon Islands owing to slumping nickel prices, harsh business circumstances and the outcome of legal proceedings. Sumitomo Metal Mining, which began exploring in the Solomons in 2005, has... 

Yokogawa Establishes Sustainability Goals for the Year 2050

     7th August 2017 - Addressing global issues through co-innovation to create new value - Yokogawa Electric Corporation (TOKYO: 6841) announces that it has developed sustainability goals for the year 2050 that will guide its efforts to make the world a better place for future generations. 

Local assembly of new Hino 500 to start in Durban in November

By: Irma Venter     1st August 2017 Assembly of the new Hino 500 Series truck will start at Toyota South Africa Motors’ Durban plant in November. The first prototypes have already been built, says Hino South Africa senior manager Leslie Long. 

Explosive Trillian report hints at massive State capture

By: News24Wire      29th June 2017 Advocate Geoff Budlender's report into the investigation of Gupta-linked company Trillian Capital has revealed shocking instances of corruption. Outgoing Trillian chair Tokyo Sexwale discussed the report with reporters on Thursday afternoon, and called for the report to be included in a judicial... 

Nippon Steel, Australian miners to set quarterly coking coal prices using spot indexes

By: Reuters     12th June 2017 Japan's top steelmaker, Nippon Steel & Sumitomo Metal Corp will set quarterly coking coal prices using spot price indexes starting from the current quarter, a company spokesman said on Monday. The decision to move to spot prices ends a decades-old system where bilateral talks between buyers and... 

Construction costs in Johannesburg set to rise 7.5%

By: Megan van Wyngaardt     8th June 2017 Johannesburg has been ranked fourth among the top five global cities where construction costs will increase over the next year, with the cost of construction set to rise about 7.5% over 2017/18, against a global average of 3.5%, professional services company Turner & Townsend’s ‘International... 

Iamgold rises on 30% Côté stake sale, positive PFS results

By: Henry Lazenby     6th June 2017 The TSX-listed stock of Canadian gold producer Iamgold gained nearly 12% on Tuesday following news late on Monday that it has agreed to sell a 30% stake in its Côté gold project, in Ontario, and the publication of a positive prefeasibility study (PFS) for the mine. Tokyo-based Sumitomo Metal... 

Sassda awarded international Bronze prize in Tokyo for Hydra Arc’s Water Tanks project.

     6th June 2017 At the recent International Stainless Steel Forum’s  (ISFF) conference in Tokyo, stainless steel associations and producers from around the world were invited to enter the ISSF-21 Awards on behalf of their members and customers. Sassda entered all the winners of its 2017 Stainless Steel Awards... 

Tribeca planning to target overhaul of BHP board directors

By: Bloomberg     6th June 2017 BHP Billiton’s board is being targeted for a sweeping overhaul by Tribeca Global Natural Resources Fund, opening a potential new front in the burgeoning activist campaign against the world’s biggest mining company. The Sydney-based hedge fund, which last month joined billionaire Paul Singer’s... 

BHP CEO says he has not met with Elliott since Barcelona

By: Reuters     5th June 2017 BHP Billiton CEO Andrew Mackenzie said on Monday he has not met with activist hedge fund Elliott Management since their talks in Barcelona last month and declined to comment on whether another meeting was scheduled. Elliott, a New York-based fund that has built up a 4.1% stake in BHP, is pushing... 

Adani must pay royalties on Carmichael mine, Queensland says

By: Reuters     26th May 2017 India’s Adani Group will be required to pay full royalties on its $16.5-billion Carmichael coal project in Australia’s Queensland, according to the state’s premier. The Carmichael mine “will pay every cent of royalties in full” under a new policy unanimously agreed to by the state’s cabinet for... 

Laing O’Rourke withdraws employees from Ichthys LNG project amid contract dispute

By: Esmarie Swanepoel     15th March 2017 More than 600 workers have reportedly been dismissed from the 8.9-million-tonne-a-year Ichthys liquefied natural gas (LNG) project as a dispute between contractors arose. Laing O’Rourke, which has been constructing four cryogenic tanks on the project on behalf of contractor JKC Australia LNG... 

Platinum needs marketing, marketing and more marketing – RBPlat 

By: Martin Creamer     28th February 2017 Embattled platinum needs ongoing marketing, with producers needing to invest in the promotion effort and ensure that the metal does not continue to be demonised by the anti-diesel hype, Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri told investors, unionists, analysts and journalists on... 

BIO LIGHTING

     20th January 2017 Cherry trees decorated with light-emitting-diode lamps along the Meguro river during the Megurogawa Minnano Illumination event in downtown Tokyo, Japan. The 2016 display went off-grid, with lights powered using biodiesel fuel from used cooking oil collected from residents and restaurants in... 

South Africa’s National Nuclear Regulator hosts international nuclear mission

By: Keith Campbell     16th December 2016 An Integrated Regulatory Review Service (IRRS) mission of the International Atomic Energy Agency (IAEA) visited South Africa from December 5 to December 15. The purpose of the IRRS mission was to examine South Africa’s nuclear regulatory system and compare it with the IAEA’s safety standards and... 

Gold beaten down as Fed’s rate-hike countdown enters final hours

By: Bloomberg     14th December 2016 Gold traded near a ten-month low before an interest rate decision from the Federal Reserve, with investors expecting policy makers led by chairperson Janet Yellen to deliver the central bank’s first hike of the year just as US equities power to records. Bullion for immediate delivery was at $1... 

World’s LNG giant says everyone wins when buyers get their way

By: Bloomberg     2nd December 2016 The Japanese company poised to become one of the world’s largest LNG buyers says it shouldn’t need to pay producers to lift restrictions on where it can resell cargoes and that the removal would benefit the whole market, including sellers. Jera Co, a joint venture between Tokyo Electric Power... 

Platinum supply under extreme pressure – Dunne 

By: Martin Creamer     29th November 2016 The platinum mining industry is not mining anywhere near the forecast demand of nine-million ounces by 2025, the nominal global demand quantum based on a modest compound annual growth rate of only 1.5%. Reiterating this to journalists on Tuesday, Northam Platinum CEO Paul Dunne pointed out that... 

Toyota to launch fuel cell buses in 2017 

By: Megan van Wyngaardt     25th November 2016 Toyota Motor Corporation on Friday said it would start selling fuel cell buses under the Toyota brand from early 2017. Having already undergone repeated field tests for practical use, the Bureau of Transportation of the Tokyo Metropolitan Government plans to use two of these fuel cell buses as... 

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... 

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... 

WINDSOR appoints new Managing Director

     24th October 2016 WINDSOR KUNSTSTOFFTECHNOLOGIE GMBH, based in Hanau, Germany, introduces Peter Kochs (49) as its newly appointed Managing Director. WINDSOR is the Europe-wide representative for hydraulic and servo-hydraulic injection moulding machines for the Taiwanese manufacturer FCS (Fu Chun Shin Group). In... 

Toshiba Machine Eu Demos New Automation Cell At K2016

     17th October 2016 Toshiba Machine EU will present LIVE demonstrations showing manufacturers how they can mold and assemble complex, multi-material parts with precision and ease in an integrated automation cell requiring minimal floor space. Featuring the EC180SXII, a 1760-kN (200 US ton) all-electric injection... 

Making the most of new Iranian opportunities

     11th October 2016 With Iran having been largely cut off in the past decade from many earlier trading relationships due to sanctions, the plastics machinery sales department of plastics processing machinery producer The Japan Steel Works Ltd., Tokyo, now makes the most of new opportunities by organizing a seminar... 

Yokogawa Develops Process Data Analytics Software for the Early Detection of Production Quality Issues

     6th October 2016 Yokogawa Electric Corporation (TOKYO:6841) announces that it has developed Process Data Analytics, an application program that can detect a decline in quality or productivity at an early stage of the manufacturing process by analyzing process data, facility status information, operation history,... 

Hitachi Construction offers A$689m for Australia’s Bradken

By: Bloomberg     3rd October 2016 Hitachi Construction Machinery, the world’s biggest maker of giant excavators, made a A$689-million offer to acquire Bradken, an Australian supplier of mining equipment. The company will offer A$3.25 per share to buy the Newcastle, New South Wales-based company, the Japanese manufacturer said in... 

China to proceed with biggest steel merger in almost a decade

By: Bloomberg     20th September 2016 Two of China’s biggest steelmakers agreed to merge their listed units, moving a step closer to a union that would create the nation’s biggest mill and a company with the scale to rival ArcelorMittal. The publicly traded arm of Shanghai Baosteel Group, the second-biggest Chinese mill by output,... 

EY’s Canadian Mining Eye index surges on buoyant gold, base metals prices

By: Henry Lazenby     12th August 2016 Professional services firm EY’s Canadian Mining Eye index surged 42% during the three months ended June 30, as major miners gained 29% on the back of rising gold and base metal prices. Gold prices increased by 7% in the second quarter, compared with 16% gains in the prior period, while the major... 

Sea search for metal is Japan’s answer to land that has none

By: Bloomberg     10th August 2016 As deep as 1 600 m under water and 1 500 km from Tokyo, work has begun on the new hunting ground for metals in Japan, a country so devoid of natural resources that most of what it needs has to be imported. As the island nation depleted most of its land-based minerals in the economic boom that... 

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