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Davies to launch revised business process services incentive scheme

By: Marleny Arnoldi     12th December 2018 Trade and Industry Minister Dr Rob Davies will, on Friday, launch the revised Global Business Process Services Incentive Scheme, while on a trip to London, in the UK. The launch of the revised incentive further supports and enhances South Africa’s value proposition, catalysing new investments... 

November inflation ticks slightly higher to 5.2%

By: News24Wire      12th December 2018 November inflation ticked up to 5.2%, according to data released by Statistics South Africa (Stats SA) on Wednesday.  This is up from inflation of 5.1% recorded for October.  

Australia plans deal with US on 'critical minerals', hopes to boost its exports

By: Reuters     12th December 2018 Australia is this week set to sign a preliminary deal with the United States to support joint research and development of minerals deemed critical to the US economy, a government minister said on Wednesday. That comes as Washington is looking to diversify its sources of supply for 35 minerals... 

Zimbabwe miner RioZim demands $92m from central bank in lawsuit – document

By: Reuters     22nd November 2018 Zimbabwean miner RioZim is demanding $92-million from the central bank in a lawsuit brought to force the Reserve Bank to pay for more of its gold purchases from the company in US dollars, court documents showed. Miners are struggling as Zimbabwe grapples with an acute shortage of dollars. 

India’s Nalco to bid for bauxite blocks at auctions, readies to foray into merchant mining

By: Ajoy K Das     16th November 2018 With various Indian state governments readying to put 21 bauxite mines up for allocation, State-run National Aluminium Company Limited (Nalco) will put in bids at the auctions for captive consumption and foray into merchant mining of the raw material. The 21 bauxite blocks will be auctioned by... 

ALROSA to present more than 100 special size rough diamonds in Israel

2nd November 2018 ALROSA, the world's largest diamond mining company, will hold an auction for the sale of special size rough diamonds (over 10.8 carats) and polished diamonds of own manufacture. The auction will take place in one of the world's largest diamond trade centers - Ramat Gan (Israel), on November 4-22.... 

Brick and mortar retail not dying a slow death – US property developer  

By: Marleny Arnoldi     1st November 2018 Private commercial real estate investor and operator Rainier Companies principal Danny Lovell says brick and mortal retail is here to stay, despite rapid growth in sales on e-commerce platforms. “It is easy to get caught up in the ‘retail Armageddon’ story and it clearly has created . . .... 

Encana to acquire shale oil producer Newfield for $5.5bn

By: Bloomberg     1st November 2018 After years of slimming down its oil and gas holdings, Canada’s Encana is reversing course with a $5.5-billion acquisition of a US shale producer in what will be the company’s biggest-ever deal. Encana agreed to purchase Newfield Exploration, which will give it positions in the Stack and Scoop... 

Mining veteran wants to build a $1bn battery metals giant

By: Bloomberg     1st November 2018 South African mining veteran Brian Menell wants to build a battery material giant to help challenge China’s domination of the nascent industry. It’s still early days for his privately funded company, TechMet, which controls just a handful of assets from Canada to Rwanda. But he’s raising more... 

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... 

Oracle pursuing digital transformation in construction industry

By: Tasneem Bulbulia     31st October 2018 The construction industry is not implementing digital transformation as fast as other industries are and this presents many opportunities for companies. This was outlined at a Navigating the Future of Projects event, hosted by Oracle Construction and Engineering, in Johannesburg, on Wednesday. 

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... 

Cartrack aims for a million-plus subscribers by 2020

By: Irma Venter     31st October 2018 Cartrack should truly reach economies of scale in the next 24 months, when the mobile asset management and asset recovery company should reach one-million global subscribers, says CEO Zak Calisto. Speaking in Johannesburg as he announced Cartrack’s financial results for the six months ended... 

Peabody says Q4 focus is on North Goonyella, completing Shoal Creek buy

By: Creamer Media Reporter      31st October 2018 NYSE-listed Peabody on Tuesday announced solid results for the third quarter, despite ending the three-month period with substantial challenges at the fire-hit North Goonyella mine, which remains idled. The miner reported revenue of $1.41-billion, compared with $1.48-billion a year earlier, and... 

Businesses need increased awareness when managing risks – Dlamini

By: Simone Liedtke     30th October 2018 Given the fact that the world is marked by volatility, uncertainty, complexity and increasing ambiguity, retail property group Massmart chairperson Kuseni Dlamini on Tuesday suggested that businesses need to be “that much more aware and vigilant in terms of managing risks in the most appropriate... 

France to decide by 2020 on next generation aircraft carrier

By: Bloomberg     30th October 2018 The French military is studying what sort of aircraft carrier should replace the Charles De Gaulle, and should decide by the end of 2020, Defense Minister Florence Parly said on Tuesday. “The new French carrier will be floated by 2038,” she said on BFM television. “We must define its missions,... 

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... 

Epiroc affirms its automation expertise with unveiling of new Regional Application Centre

30th October 2018 Epiroc proudly introduces its new Regional Application Centre (RAC), which aligns with the OEM’s ongoing focus on meeting customers’ growing pursuit to elevate uptime, boost productivity, improve safety and shrink operating costs through the implementation of technology. Based in five key cities... 

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,... 

GM cautious on switch to platinum even as palladium price soars  

By: Bloomberg     30th October 2018 Palladium’s surge to a record has intensified talk among analysts that carmakers will look to replace it with cheaper platinum for use in pollution-control devices. The auto industry’s answer: Not so fast. Palladium, mainly used to control smog from gasoline engines, is trading near the highest... 

American trade delegation in South Africa to expand business opportunities in Southern Africa

By: African News Agency      30th October 2018 An American trade delegation, comprising businessmen from more than 30 American companies and state government leaders, is in South Africa seeking to expand agricultural export opportunities in the region. The trade delegation, which arrived in South Africa on Monday and will conclude its visit... 

Breakthrough In Copper Recoveries From FLSMIDTH

29th October 2018 In an effort to improve leach kinetics and recoveries of primary copper concentrates, minerals process solutions provider FLSmidth developed the Rapid Oxidative Leach (ROL) process – capable of attaining over 97% copper dissolution in less than six hours under atmospheric conditions. This advance... 

Business concerned about coal sector job losses

By: Kim Cloete     26th October 2018 The National Society of Black Engineers (NSBE) and the Black Business Council (BBC) have called for amendments to the Integrated Resource Plan (IRP) 2018, telling Parliament's Portfolio Committee on Energy, on Friday, that the draft plan, with its emphasis on renewable energy rather than coal,... 

'Blood gold' controversy forces industry transparency push

By: Bloomberg     26th October 2018 It’s been labeled “blood gold,” a jarring phrase that ties one of the world’s most valuable metals with brutal mining practices and illicit profits that legitimate miners and refiners are rushing to end. With miners facing increasing pressure to guarantee the provenance of gold, the group that... 

CSIR points to 30 000 net jobs gain in electricity to 2030, despite fall in coal jobs 

By: Terence Creamer     26th October 2018 An analysis of the Department of Energy’s (DoE’s) recommended plan in the draft Integrated Resource Plan 2018 (IRP 2018) shows that there will be a 30 000 net increase in employment in the electricity industry to 2030, despite a 100 000 fall in coal jobs over the period. In its formal response to... 

Shake-up at US energy regulator raises specter of coal bailout

By: Bloomberg     26th October 2018 An untimely resignation has given one Kentucky Republican a second shot at saving coal. Neil Chatterjee, former energy adviser to Senate Majority Leader Mitch McConnell, has been tapped to lead the Federal Energy Regulatory Commission after Chairman Kevin McIntyre stepped down this week due to... 

LafargeHolcim cuts full-year earnings forecast as costs bite

By: Reuters     26th October 2018 LafargeHolcim increased its sales outlook for 2018 but reduced its profit expectations as the world's largest cement maker reported better-than-expected earnings during its third quarter. The Swiss company said on Friday it now expected annual sales to grow in the 4% to 6% range, up from its... 

Debt-trap diplomacy?

By: Martin Zhuwakinyu     26th October 2018 I have made no bones about my cynicism about Chinese generosity towards African countries, which has taken the form of top-dollar freebies, government and State-owned company loans and investment in infrastructure. As I have said before, my uneasiness heightened when it came to light that Sri... 

Nontariff barriers in Africa

By: Riaan de Lange     26th October 2018 Is it not strange how quickly we get accustomed to terminology that rolls off our tongues and finds its way into our writings and yet we do not even know its true meaning? The term 'nontariff barriers' (NTBs) arguably falls into this category. What are NTBs, which the United Nations Conference on... 

Sasol poised to improve operational performance in 2019

26th October 2018 Integrated chemicals and energy company Sasol reported that it is well positioned to continue improved operational performance in the 2019 financial year despite electricity supply interruptions, as its sales volumes increased by 1% for its performance chemicals business owing to robust market... 

Wind energy investors watching S Africa closely

By: Tracy Hancock     26th October 2018 For the last several years, from the wind industry’s perspective, the South African government has done everything it can to discourage investor confidence; however, that has changed with the new government, states Global Wind Energy Council (GWEC). 

Dirk Dijkstra

26th October 2018 This week we profile Dirk Sjoerd Dijkstra, GM and head of subregion: Southern Africa at powertools, fastening solutions, construction software and services company Hilti South Africa   

Welding Alloys South Africa

26th October 2018 As a Welding Alloys Group subsidiary, Welding Alloys South Africa (WASA) has access to a vast source of knowledge and technology, bringing world-class products and solutions to African countries. WASA’s market-leading chromium carbide wear-resistant plate material is well-known throughout various... 

Grand Inga hydropower project, Democratic Republic of Congo

By: Sheila Barradas     26th October 2018 Government has given two groups of investors a four-week deadline to submit a joint proposal on the development of the multibillion-dollar Inga 3 hydropower plant. 

BTT starts construction on Richards Bay LPG storage facility  

By: Tasneem Bulbulia     25th October 2018 Bulk liquid storage operator Bidvest Tank Terminals (BTT) on Thursday celebrated the start of construction on its R1-billion mounded liquified petroleum gas (LPG) storage facility in Richards Bay. The facility is set to house the largest tanks in the world once completed and is anticipated to... 

OceanaGold adjusts FY guidance

By: Creamer Media Reporter      25th October 2018 On the back of strong operational performance in the first nine months of the year, OceanaGold has increased its 2018 gold production guidance for the second time, to a range of 515 000 oz to 545 000 oz. The Melbourne headquartered company previously forecast production to be in the 500 000 oz... 

South32 foresees short-term volatility, but long-term growth, sustainability 

By: Schalk Burger     25th October 2018 Diversified mining and metals company South32 on Thursday forecast short-term price volatility for the commodities it produces, but also highlighted its strong cash position and its work to further optimise its global portfolio of assets. In a speech delivered at the company’s 2018 annual general... 

China cutting rare earth output, unnerving global manufacturers

By: Reuters     25th October 2018 The Chinese government is limiting domestic production of rare earth minerals in the second half of the year, a move likely to crimp international exports and send prices for the critical materials higher, according to data from Adamas Intelligence. China is by far the world's largest producer... 

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