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New Toyota magnet cuts dependence on key rare earth metal for EV motors

By: Reuters     20th February 2018 Toyota Motor Corp has found a way to reduce the amount of a key rare earth metal used in magnets for electric car motors by around 20%, which could tame the cost of producing electric cars and reduce the risk of a supply shortage of materials needed for their production. The Japanese automaker... 

Japan's steel industry urges Trump to make careful trade decision

By: Reuters     19th February 2018 Japan's steel industry said on Monday the US Commerce Department proposal to President Donald Trump to impose curbs on steel imports violate the principles of free trade, calling for Washington to make a careful and appropriate decision. The US Commerce Department recommended on Friday that Trump... 

Mitsui to raise stake in Chile's Collahuasi copper mine

By: Reuters     16th February 2018 Japanese trading house Mitsui & Co said on Friday it will reshuffle its copper assets in Chile, increasing its stake in the Collahuasi mine and selling a small stake in the Los Pelambres mine, boosting its overall copper volumes. Mitsui said it would buy a 3.6% stake in Collahuasi from JX Nippon... 

Russian views on the future of civil aeronautics

By: Rebecca Campbell     16th February 2018 People are concerned about noise, emissions and safety. We are working to make aviation safer, greener and more comfortable for people,” highlighted Professor Sergey Chernyshev, general director of Russia’s renowned Central Aerohydrodynamic Institute (much better known in English by the... 

Russian views on the future of civil aeronautics

By: Rebecca Campbell     16th February 2018 “People are concerned about noise, emissions, and safety. We are working to make aviation safer, greener and more comfortable for people,” highlighted Professor Sergey Chernyshev, General Director of Russia’s renowned Central Aerohydrodynamic Institute (much better known in English by the... 

Sumitomo sees Ambatovy at 50% utilisation rate in Jan to March

By: Reuters     8th February 2018 Sumitomo said on Thursday it expects its Ambatovy nickel/cobalt project in Madagascar to run at about a 50% utilisation rate in the January-March quarter, rising to 80% from April. The trading house said last week that the project had resumed operations from end-January after halting operations... 

Japan's Mitsui wins bidding war for Australian gas producer AWE

By: Reuters     5th February 2018 Mitsui & Co won a three-way bidding war to take over Australia's AWE, after rival Mineral Resources failed to match the Japanese trading giant's A$594-million offer. Assuming the deal goes ahead, it would mark Mitsui's first takeover of an Australian company and give it a 50% stake in the... 

India demand picks up after tax announcement

By: Reuters     2nd February 2018 Demand for physical gold improved this week in India as jewellers resumed purchases after the government kept import taxes on the precious metal unchanged, while buying remained subdued in most other centres in Asia. Jewellers in India had delayed purchases earlier this week and offered gold at... 

Mitsui boosts profit forecast on higher iron-ore, coal prices

By: Reuters     2nd February 2018 Japanese trading company Mitsui & Co on Friday said its April-December profits jumped over 60% from the year before and raised its full-year forecast to record levels, boosted by higher prices for iron ore and coking coal. Mitsui is now forecasting a net profit of 440-billion yen, up from its... 

Mitsui heats up bidding war for Australian gas producer AWE

By: Reuters     29th January 2018 Japan's Mitsui & Co has made a $481-million offer to buy Australia's AWE, trumping bids from two other companies that are vying for a stake in a promising onshore gas field. The Mitsui offer of A$0.95 a share in cash, or about A$594-million, marks the first full takeover bid by the Japanese... 

Japan's record exports, manufacturing, point to powerhouse economy

By: Reuters     24th January 2018 Japan’s exports to China and Asia hit record levels as shipments rose for a thirteenth straight month in December and manufacturing growth hit a four-year high in January, pointing to an economy that powered through the fourth quarter and into 2018. The Ministry of Finance (MOF) said on Wednesday... 

Yokogawa Develops N-IO Standard Field Enclosure and Control System Virtualization Platform

     10th January 2018 For improved agility in implementing control system projects Yokogawa Electric Corporation (Tokyo: 6841) announces that it has developed an N-IO standard field enclosure and a control system virtualization platform. The enclosure is a weatherproof remote IO cabinet that stores IO devices used by... 

Tokyo Electric says Canada's Cameco seeks $682m in damages

By: Creamer Media Reporter      19th December 2017 Japan's Tokyo Electric Power (Tepco) has revealed that Canadian uranium major Cameco is seeking $681.9-million in damages following a dispute that has driven the former partners to international arbitration. News agency Reuters reported from Tokyo, Japan, that Tepco has confirmed receipt of a... 

Biomass-fired circulating fluidised-bed boiler, Japan

By: Sheila Barradas     15th December 2017 Andritz has been awarded an order to deliver the boiler. 

TOXIC BROADCAST

     8th December 2017 A pedestrian, wearing a surgical mask, turns to watch a television screen while walking in Tokyo, Japan, on November 29. The television channel was broadcasting North Korea Leader Kim Jong Un’s announcement of yet another ballistic missile launch, shattering a two-month period of relative quiet.... 

SMS group strengthens its position as service provider in Japan

     7th December 2017 Cooperation between Japan Engineering Network, Co. (JEN) and SMS group K.K. bundles competences in repair service for continuous casting plants Japan Engineering Network, Co.(JEN) and SMS group K.K., based in Tokyo, Japan, have signed a business partnership agreement on repair services for... 

Electric cars' success leaves Toyota isolated with hydrogen bet

By: Bloomberg     27th November 2017 Toyota Motor, which has made a big bet on hydrogen-powered cars, is looking more isolated as industry rivals double down on plug-in electric vehicles as the dominant technology in the emerging post-fossil fuel era. Three years ago, Toyota president Akio Toyoda, grandson of company founder... 

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... 

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