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Difficulties continue for Afarak in Q3

By: Simone Liedtke     16th November 2018 Industry seasonal effects, coupled with some internal adversities, primarily in the ferro-alloys segment, continue to make this a difficult year for specialty alloys producer Afarak. During the company’s third-quarter period, ended September 30, the benchmark price for ferrochrome fell further,... 

Global gold demand growing across market segments, held back by US ETF outflows

By: Marleny Arnoldi     1st November 2018 World Gold Council (WGC) member and market relations head John Mulligan says the third quarter was a strong one for the global gold industry. Although demand increased by only 1%, or 6 t, compared with the third quarter 2017, the 964 t of gold demand recorded in the third quarter was underpinned... 

Global governments improve business climate through reforms  

By: Marleny Arnoldi     31st October 2018 The Word Bank Group’s ‘Doing Business 2019: Training for Reform’ report finds that governments around the world have set a new record in bureaucracy busting efforts for the domestic private sector, implementing 314 business reforms over the past year. This number of reforms this year has... 

Alacer gears up for Çöpler autoclave start-up

By: Mariaan Webb     30th October 2018 Turkey-focused, Canada-incorporated Alacer Gold has marked a “significant step change” in the third quarter, as its cornerstone organic growth initiative, the sulphide expansion project at its Çöpler mine, in Turkey, was brought on line and is now being prepared for first autoclave start up. In... 

US steel tariff fight stirs up a swarm of WTO litigation

By: Reuters     30th October 2018 The United States urged European Union governments on Monday to reflect on whether it was really in their interest to go ahead with a trade dispute over US metals tariffs, and said it was hopeful of settling the issue with Mexico and Canada. The US tariffs attracted an unprecedented seven... 

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,... 

Eldorado approves $520m mill project in Turkey

By: Creamer Media Reporter      26th October 2018 The board of Vancouver-based miner Eldorado Gold has approved a $520-million investment in a mill project at the Kisladag mine, in Turkey, paving the way for 270 000 oz/y of production over a nine-year mine life. The 13-million-tonne-a-year mill project, which will see Kisladag transition away... 

Clash over Trump tariffs heats up with barrage of WTO litigation

By: Reuters     19th October 2018 Disputes over US tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions. The agenda for an Oct. 29 meeting of the WTO's dispute settlement body on Friday confirmed the legal moves,... 

Amid falling platinum prices, PGM miners upping chrome ore production to improve profitability 

By: Nadine James     19th October 2018 Some platinum group metals (PGM) producers have become large producers of chrome ore to improve their profitability, says Kagiso Asset Management investment analyst Mandi Dungwa. South Africa is the world’s largest chrome producer, delivering more than half of the global ore supply in 2017, with... 

Glencore chair Tony Hayward latest to drop out of Saudi conference

By: Reuters     17th October 2018 Glencore said its chairman Tony Hayward will no longer be attending the Future Investment Initiative conference in Saudi Arabia, confirming a report in the Financial Times. He is the latest top executive to pull out of next week's high profile conference, amid widespread concern about the fate... 

Centerra sells Mongolia mine and project for $35m

By: Mariaan Webb     15th October 2018 Canada-based Centerra Gold has sold its Mongolian business unit to private equity firm OZD Asia for $35-million, in a move that CEO Scott Perry describes as a portfolio enhancement. The company’s Mongolia assets include the Boroo mine and processing plant, as well as the Gatsuurt project. 

Nene rollercoaster takes Nomura from major rand bear to bull

By: Bloomberg     11th October 2018 Nhlanhla Nene has been dropped from South Africa’s cabinet twice in three years – and his misfortunes have been the catalyst that turned one of the biggest rand bears into one of the biggest bulls. As the currency declined this week amid speculation that Nene would resign as finance minister,... 

Latest products and technologies revealed at Electra Mining Africa

By: Creamer Media Reporter      11th October 2018 Over 850 exhibitors showcased their latest new innovations, products and services at one of the world’s biggest mining and industrial trade exhibitions. Held at the Johannesburg Expo Centre in Nasrec from 10-14 September, leading players in the mining, manufacturing, automation, electrical and... 

ASCCI initiates revitalised approach to promoting localisation

10th October 2018 Localisation is a critical tool for industrial development, and as the national co-ordinating body, Automotive Supply Chain Competitiveness Initiative (ASCCI) aims to advance its localisation agenda through activities which support successful localisation of components in the South African... 

IMF cuts world economic growth forecasts as import tariffs, emerging market issues bite

By: Reuters     9th October 2018 The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and the imposition of import tariffs were taking a toll on commerce while emerging markets struggle with tighter financial conditions and capital outflows. The... 

Turkey puts import quotas on steel – WTO filing

By: Reuters     8th October 2018 Turkey will introduce quotas on the amount of steel it imports from Oct. 17, with an additional 25% duty on any imports above the quotas, it said in a filing published by the World Trade Organization on Monday, blaming a surge in imports. It said it had begun investigating the case for emergency... 

Alacer sees FY output at lower end of guidance

By: Mariaan Webb     4th October 2018 TSX- and ASX-listed Alacer expects its production to be at the lower end of its full-year guidance range of 160 000 oz to 230 000 oz, the owner of the Çöpler mine, in Turkey, reported on Thursday. In the third quarter, the mine produced 26 160 oz, taking year-to-date output to 89 233 oz. Alacer... 

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... 

Breaking through digital frontiers to achieve the exceptional

3rd October 2018 We stand at the precipice of the Fourth Industrial Revolution, which promises to be the most globally impactful revolution to date. The immersion of technology into virtually every aspect of our world is resulting in the convergence of the physical (hardware), digital (applications and software)... 

ITE's emerging market hit takes shine off Mining Indaba deal

By: Reuters     3rd October 2018 Exhibition organiser ITE said it would buy Mining Indaba, the world's largest mining investment conference, from Euromoney, but added that the fall in the Russian rouble, Brazilian real and Turkish lira would hurt 2019 results. The warning took the shine off the Mining Indaba deal, which analysts... 

Ariana mulling opportunities to diversify

By: Mariaan Webb     28th September 2018 Gold and silver miner Ariana Resources on Friday reported an interim profit of £319-million, helped by record performance from its joint venture (JV) mine in Turkey, and also announced that it was evaluating opportunities to diversify. The interim profit compares with a loss of £663-million in... 

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... 

Central banks add 193 t of gold to reserves in H1

By: Marleny Arnoldi     20th September 2018 Central banks have added 193.3 t of gold to their reserves in the first six months of this year, which is an 8% increase compared with the 178.6 t bought in the same period last year, making it the strongest first half for central bank gold buying since 2015. The World Gold Council (WGC) states... 

Martin Engineering Vibrators Go Pink For Breast Cancer Awareness Month

19th September 2018 Following the success of its 2017 campaign, the global leader in bulk material handling technologies is repeating its Cougar Cares fundraising program for National Breast Cancer Awareness Month in October.  Manufacturing a limited-edition series of Cougar® brand DC truck vibrators painted in the... 

Consultancy pursues innovation, growth

14th September 2018 Engineering consultancy AZMET continues to showcase South African engineering talent to a global audience, and the company is pursuing a number of plans for further expansions and opportunities that exist for organisations willing to innovate, says AZMET marketing director Ruan Kukard. AZMET,... 

Gold slips amid US-China trade war concerns

By: Reuters     12th September 2018 Gold fell on Wednesday, but remained stuck in a narrow trading range as investors worry about a simmering trade war between the United States and China. Spot gold was down 0.3% to $1 193.61 an ounce at 1200 GMT, after hitting its lowest since Aug. 24 at $1 187.21 on Tuesday. US gold futures eased... 

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,... 

Rand gains limited by negative emerging market sentiment

By: News24Wire      11th September 2018 The rand, which has been strengthening since Thursday last week, may break through the R15/$ barrier on Tuesday, but any gains will be limited by emerging market weakness, according to analysts.  The local currency opened trade at R15.19 to the greenback and was changing hands 0.96% stronger at... 

Two new refineries in the works for Nigeria

7th September 2018 As part of its refinery collocation initiative designed to boost local refining capacity to end the era of petroleum products importation, the Nigerian National Petroleum Corporation (NNPC) has hinted of plans to establish a 100 000 bbl/d brownfield refinery in both Port Harcourt and Warri in... 

Blockchain for enterprise cloud platform to raise transaction trust

By: Schalk Burger     7th September 2018 Cloud technology multinational Oracle’s Blockchain Cloud Service provides a development platform for enterprises and State organisations to build their own scalable and low-cost blockchain networks, says Oracle cloud platform business development director and Europe, Middle East and Africa... 

Partnerships enable HighJump to bring new supply chain technology to Africa

By: Schalk Burger     5th September 2018 With the help of its partners, supply chain software company HighJump is bringing new logistics, freight and warehouse technologies into South Africa and Africa. These technologies include the use of voice commands, which will be important to interact with automated systems and robots that are a... 

Oxide ore processing starts at Çöpler

By: Creamer Media Reporter      5th September 2018 Canada’s Alacer Gold has started processing oxide ore through the crushing and grinding circuit of the newly constructed Çöpler sulphide plant, in Turkey. The remainder of the plant, including the acidulation, pressure oxidation and counter current decantation, will be started once the sulphide... 

Putin wants big business to spend $120bn to revive economy

By: Bloomberg     3rd September 2018 The Kremlin is leaning on Russia’s oligarchs to spend $120-billion on new investments by the end of Vladimir Putin’s term after shelving plans to hike taxes on big business. That’s an increase of 15% to 20% and part of the Russian leader’s plan to take overall investment to a quarter of gross... 

Emerging markets including SA feel the pressure as Turkish lira, Argentina's peso tumble

By: African News Agency      31st August 2018 The crisis in Turkey, which saw the lira currency tumble over five percent on Thursday, and a similar fall in Argentina's peso are having a negative knock-on impact on emerging markets, an economist said on Friday. The lira's sharp retreat followed a report that Turkey's central bank's deputy... 

Kate Mollett

31st August 2018 This week we profile Kate Mollett, regional manager: Africa South territory, at Veeam.   

Global mining showing interest in Master Drilling’s new technology  

By: Martin Creamer     28th August 2018 The mining industry is showing strong interest in the new blast-free mobile tunnel boring machine that South African company Master Drilling will launch in Italy next month. This interest is exemplified by 32 mining executives from mining jurisdictions across the world making themselves available... 

Nevada project produces premium quality boric acid

By: Creamer Media Reporter      28th August 2018 Australia-based mine developer Global Geoscience on Tuesday announced that it had produced premium quality boric acid from its Rhyolite Ridge lithium/boron project, in Nevada, using conventional commercial processes. The company said that the successful production of boric acid, which was... 

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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