http://www.engineeringnews.co.za
R/€ = 16.68 Change: -0.03
R/$ = 14.40 Change: -0.01
Au 1197.20 $/oz Change: 3.10
Pt 797.50 $/oz Change: -1.10
 

Topic

Trump proposes unwinding Obama's coal-plant pollution curbs

By: Bloomberg     Updated 4 hours ago President Donald Trump’s administration on Tuesday unveiled its plan to dramatically weaken carbon dioxide limits on coal-fired power plants by shifting most of the regulatory burden to states in a further assault on the Obama climate legacy. The Environmental Protection Agency’s "Affordable... 

No concrete plans for now to douse high petrol price

By: Kim Cloete     21st August 2018 Energy Minister Jeff Radebe has lamented the sharp rise in the petrol price but has not announced any concrete plans to douse the situation. He says a cluster of Ministers has been seconded to see what government can do to mitigate high petrol prices. He expects the Ministers to report back to... 

Poultry group seeks to suspend US import quota

By: Reuters     21st August 2018 The South African Poultry Association (SAPA) has filed a legal action to force the government to suspend a quota that excluded imports of US poultry from South Africa's anti-dumping tariff, a senior official with the association said on Tuesday. The decision by SAPA was a response to the Trump... 

Study initiated to assess conversion of Kelvin power station from coal to gas

By: Terence Creamer     21st August 2018 A $1.3-million feasibility study has been initiated into the prospect of converting the coal-fired Kelvin power station, east of Johannesburg, into a 450 MW to 600 MW gas-fired power station. The study will also assess the potential for developing the Kelvin site into a gas distribution hub for... 

Xylem named to FORTUNE “Change the World” list

20th August 2018 Xylem among top 50 companies recognized for significant social impact Global water technology company, Xylem (NYSE:XYL), has been included on FORTUNE’s 2018 "Change the World" list, a ranking of 50 companies that have made a significant social impact through their core business strategy. Listed... 

Sasol FY18 headline earnings fall 22%

By: Anine Kilian     20th August 2018 Integrated chemicals and energy company Sasol on Monday reported a 22% year-on-year decrease in its headline earnings a share to R27.44 for the financial year ended June 30. Speaking at a presentation of the group’s results on Wednesday, joint president and CEO Bongani Nqwababa said core headline... 

Gold trading volumes double in Turkey amid currency crisis

By: Bloomberg     18th August 2018 First Turkish President Recep Tayyip Erdogan argued citizens should buy gold, then he said sell. Add dramatic swings in the lira, and the country’s traders are now enthusiastically doing both. Gold futures volumes have surged on the Borsa Istanbul as the volatile currency attracts speculation and... 

Rusal says board backs change of domicile to Russia

By: Reuters     17th August 2018 Russia's sanctions-hit aluminium giant Rusal said on Friday its board had discussed and approved a change of domicile from Britain's Jersey to Russia in order to take advantage of new special tax regulations. Rusal, which was hit with US sanctions in April that seriously disrupted aluminium... 

Sweden's Granges halts plans for US aluminium joint venture

By: Reuters     17th August 2018 Sweden's Granges put on ice on Friday plans to form an aluminium manufacturing joint venture in the United States with Japan's Mitsubishi Aluminum Co, saying that the project was less attractive in "current circumstances". It did not specify what circumstances it was referring to though a Granges... 

Gold seen fighting back in battle with dollar for haven role

By: Bloomberg     17th August 2018 Don’t write off gold in the battle of the havens. Bullion has lost out in a paradigm shift where the metal’s no longer viewed as the traditional refuge when investors are in a risk-off mood, but that won’t last, according to Rick Rule, CEO of Sprott US Holdings. 

Toyota aims to increase exports into Africa as market recovers

By: Irma Venter     17th August 2018 Toyota South Africa Motors (TSAM) aims to export 100 000 vehicles a year from its Durban plant, says president and CEO Andrew Kirby. Total plant capacity is 242 000 units a year, which includes a 234 000-unit capacity for the Hilux, Fortuner and Corolla, 13 500 for the Ses’fikile minibus and 5... 

Commodity price increases lack conviction – IHS

By: Nadine James     17th August 2018 Commodity analysts IHS Markit on Thursday reported that the Materials Price Index (MPI) had risen by 0.5% in the last week, but that the index’s ten subcomponents were evenly split between those showing increases and those showing declines, highlighting the uncertainty in markets. The MPI... 

Fuel levy’s revenue-generating prowess to come under intense pressure

By: Irma Venter     17th August 2018 The fuel levy as income source for government is rapidly losing productivity to generate income, says Professor Stephan Krygsman of the University of Stellenbosch’s Department of Logistics (Transport Economics). Taking the year 2000 as starting point, with the fuel levy at 100% productivity,... 

Local company to introduce new plastic pallets

By: Melissa Zisengwe     17th August 2018 Plastic pallets distributer, Premier Pallets will introduce new polyethylene terephthalate (PET) pallets to the market next month. Premier Pallets owner Tilania du Preez says the pallets were manufactured in South Africa from PET plastic bottles such as Coke bottles. 

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... 

Experts collaborate to deliver project in Kenya

17th August 2018 Integrated infrastructure delivery company Aecom’s Nairobi team, consisting of experts from South Africa, Kenya, Germany and the US, is working on a civil-structure assessment project for a transmission line in Kenya. “A major advantage for Aecom in the region is its ability to leverage its... 

Fuel levy’s revenue-generating prowess to come under intense pressure

By: Irma Venter     17th August 2018 The fuel levy as income source for government is rapidly losing productivity to generate income, says Professor Stephan Krygsman of the University of Stellenbosch’s Department of Logistics (Transport Economics). Taking the year 2000 as starting point, with the fuel levy at 100% productivity,... 

Icon of SA engineering passes away at 97

By: Creamer Media Reporter      17th August 2018 ICON OF SA ENGINEERING PASSES AWAY AT 97 South Africa’s ‘grating man’ Andrew Mentis, founder of steel floor grating specialist Andrew Mentis (Pty) Ltd, passed away on 17 June 2018 in Johannesburg at the age of 97, four days before he would have turned 98. 

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... 

AI poised to push the boundaries of patent law

By: Creamer Media Reporter      17th August 2018 As artificial intelligence (AI) – essentially, intelligence demonstrated by a machine – continues to change the way society works, plays and functions, so too will it have a profound impact on the legal profession, including patent law. 

Whither Zimbabwe?

By: Martin Zhuwakinyu     17th August 2018 It could be back to the future for Zimbabwe, where many had set great store by the general elections held on July 30, which returned the governing Zanu-PF and its Presidential candidate, Emmerson Mnangagwa, to power. Mnangagwa had been interim head of State since the November 2017 ouster of... 

Xylex demonstration plant, South Africa

By: Sheila Barradas     17th August 2018 Sappi proposes to further upscale its Xylex technology for the production of xylitol and furfural. 

Pennsylvania petrochemicals complex, US

By: Sheila Barradas     17th August 2018 Shell plans to build a petrochemicals plant comprising an ethylene cracker. 

Grootegeluk boosts Exxaro’s H1 coal output

By: Marleny Arnoldi     16th August 2018 Diversified miner Exxaro Resources’ coal production volumes for the six months to June 30 increased by 7%, or 1.5-million tonnes, compared with that of the second half of 2017. The company on Thursday attributed the increase in overall output to higher production volumes at the company’s... 

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... 

Kizeltepe benefiting from weaker lira, higher grades

By: Mariaan Webb     16th August 2018 The Kiziltepe mine, which Aim-listed Ariana Resources owns in a joint venture (JV) with Turkey's Proccea Construction, is benefitting from the recent movements in the value of the lira, with operational costs incurred in the local currency decreasing. Ariana MD Kerim Sener said on Thursday that... 

Kaz Minerals copper miner declares dividend, H1 earnings rise

By: Reuters     16th August 2018 Kaz Minerals copper miner on Thursday announced an interim dividend of 6 US cents per share, the first since 2012, in keeping with a growing trend for miners to focus on shareholder returns. Kaz Minerals shares plunged early this month after the Kazakhstan-focused miner said it was expanding... 

Trump says his steel tariffs will save the US industry – WSJ

By: Reuters     16th August 2018 President Donald Trump said on Wednesday his tariffs on foreign steel are saving the US industry and he predicted that in the future American steelmakers will mostly face domestic competition, the Wall Street Journal reported. In a 20-minute interview with the newspaper, Trump said some people... 

Exxaro H1 profit lifts boosted by coal performance

By: Reuters     16th August 2018 Exxaro Resources said on Thursday half-year profit rose 8%, boosted by a strong performance in its core coal business. Diluted headline earnings per share (HEPS) for continuing and discontinued operations rose to 953 cents per share for the six-month period ended June 30 2018, from 882 cents in... 

Russian miners explore payment schemes eschewing dollar

By: Reuters     15th August 2018 Two of Russia's biggest mining companies said on Wednesday they were investigating rouble-based payments schemes, amid calls from Moscow to reduce the role of the US dollar in Russian trade and so limit the impact of US sanctions. The Kremlin said on Monday that Russia favoured bilateral trade... 

Emira delivers positive FY18 performance with 2.53% distribution increase

By: Simone Liedtke     15th August 2018 Real estate investment trust (Reit) Emira Property Fund’s distributions for the financial year ended June 30, increased by 2.53% year-on-year, despite persistently tough trading conditions. This increase, CFO Greg Booyens said on Wednesday, reaffirms the company’s turnaround and return to... 

Rand rout threatens fuel price stability, warns AA

By: News24Wire      15th August 2018 Substantial rand weakness could undo recent fuel price stability, the Automobile Association (AA) warned on Wednesday. It was commenting on unaudited mid-month fuel price data released by the Central Energy Fund (CEF). "Almost two months of modestly improving rand strength ended in a dramatic... 

First-half diamond sales down 16% at Botswana's Okavango

By: Reuters     15th August 2018 Sales at Botswana's State-owned Okavango Diamond Company (ODC) fell 16% in the first half of 2018 to $260-million, its managing director said, citing a high comparison base against last year's record growth. Marcus ter Haar said the company sold 1.778-million carats in the first half of 2018... 

Metals poisoned by Turkey contagion as copper nears bear market

By: Bloomberg     15th August 2018 From Turkey’s financial crisis to China’s trade war, the emerging-market contagion is infecting metal markets. Base metals markets tumbled on Wednesday, with most contracts falling more than 2% in London. Copper sank below $6 000 a metric ton and is now approaching a bear market. Not even gold,... 

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... 

Lead shortages, seasonally strong demand suggest possible price revival

By: Reuters     14th August 2018 Global trade disputes and political tensions have sent prices of battery metal lead to 14-month lows but tight supplies, shortages and seasonally strong demand for the coming northern winter suggest a possible change of tack. The possibility of protracted trade tensions between the United States... 

Antofagasta's H1 earnings fall, trade tensions cloud demand outlook

By: Reuters     14th August 2018 Chilean copper producer Antofagasta said first-half core earnings fell 16.2% from a year earlier, citing weaker ore quality, and said trade tensions clouded the broader market outlook in the short term. Its share price was down by 5.4% by 09:13 GMT, while the broader sector was 0.8% lower. 

Rand rebounds two percent as Turkey-led rout eases

By: Reuters     14th August 2018 South Africa's rand gained more than 2% on Tuesday, bouncing off a two-year low struck a day before, when investors dumped emerging market assets because of fears over the Turkish economy. At 0705 GMT, the rand traded at 14.0800 versus the dollar, around 2.3% stronger on the day and more than 11%... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close