R/€ = 15.95 Change: 0.12
R/$ = 13.47 Change: 0.24
Au 1243.94 $/oz Change: 6.10
Pt 889.27 $/oz Change: 11.77


Moody’s sees stable year ahead for base metals, but also expects some risk factors

By: Megan van Wyngaardt     13th December 2017 Ratings agency Moody’s believes 2018 will be a year of relative stability for the global base metals industry after some recovery was experienced this year. In a 2018 outlook analysis, released on Wednesday, the agency noted that these improved supply/demand fundamentals would hold on the back of... 

Paringa starts vertical construction of Poplar Grove preparation plant

By: Megan van Wyngaardt     13th December 2017 Vertical construction of a preparation plant at ASX-listed Paringa Resources’ Poplar Grove coal mine, in the Illinois basin, in Kentucky, has started with completion on track for the third quarter of 2018, the company reported on Wednesday. Initial internal equipment has been delivered, while... 

Macron: World is losing battle against climate change

By: News24Wire      13th December 2017 French President Emmanuel Macron delivered a stark warning on climate change at a meeting in Paris, urging political and business leaders to launch an urgent new phase in the fight against global warming. "We are losing the battle," Macron said at Tuesday's " One Planet " summit.  "We must all... 

Macron's climate summit draws pledges to make coal a risky bet

By: Bloomberg     13th December 2017 Some of the world’s biggest investors turned their backs on US President Donald Trump’s plan to revive the coal industry, pledging to divest from fossil fuels at a conference organised by French President Emmanuel Macron. The One Planet Summit in Paris was designed to galvanise support for the... 

Gold inches up from near 5-month low ahead of Fed meeting

By: Reuters     12th December 2017 Gold was slightly higher on Tuesday, just up from its lowest in nearly five months in the previous session, and ahead of the start of a two-day US Federal Reserve meeting. Spot gold rose 0.2% to $1 244.30 an ounce by 03:50 GMT, after hitting its lowest since July 20 at $1240.10 on Monday. 

South African poultry group calls for probe of forced labour in Brazil

By: Reuters     12th December 2017 South Africa's poultry industry body has asked the government to investigate allegations of forced labour in the sector in Brazil, the world's largest poultry exporter. The South African Poultry Association (SAPA) said it had asked its government to seek "urgent comment" after a report said... 

Morocco announces auto industry deals worth $1.45bn

By: Reuters     12th December 2017 Morocco said on Monday it had signed deals for 26 auto industry projects worth a total of €1.23-billion ($1.45-billion) as it seeks to build its position as an international hub for the sector. The deals include six agreements with French company Renault to expand an "industry ecosystem" allowing... 

Rusoro wins $1.3bn judgment against Venezuela

By: Henry Lazenby     11th December 2017 Mining junior Rusoro Mining last week won a major victory in its international arbitration complaint against Venezuela, when the Superior Court of Justice in Ontario issued a default judgment owing to Venezuela’s failure to appear. TSX-V-listed Rusoro advised that the judgment was for more than... 

Lead project engineers appointed for Waterberg JV project

By: Creamer Media Reporter      11th December 2017 A technical committee appointed by Waterberg JV Resources, which holds the Waterberg platinum project, in South Africa, has appointed Stantec Consulting International and DRA Projects South Africa as lead independent project engineers. Stantec will focus on underground mining engineering and... 

CoreSlab behind cost-effective and efficient projects

     11th December 2017 CoreSlab, a leading precast concrete specialist, has participated in many successful private- and public-sector building projects. Importantly, the company’s precast concrete systems have allowed professional teams to accelerate construction times and provided cost-savings for property... 

Barrick approves exploration funding for Guyana earn-in

By: Creamer Media Reporter      11th December 2017 US gold major Barrick Gold has elected to continue funding the Arakaka gold project, in Guyana, in which it could earn up to 65% by spending $10-million. ASX-listed junior Alicanto Minerals, which is the operator of the Arakaka project, said on Monday that Barrick had agreed to fund the third... 

India gov't favours petcoke import ban, US would be biggest loser

By: Reuters     11th December 2017 India's government is in favour of banning imports of petroleum coke to curb air pollution, according to a government affidavit filed with its top court, which could be a big blow to US refiners who export heavily to the country. The Supreme Court, which in October banned the use of petroleum... 

SA Hippo Founder Celebrates 38 Years Of Innovative Manufacturing.

     11th December 2017   Hazleton Pumps International (Pty) Ltd previously known as Electro-Mech (Pty) Ltd was registered on 23 October 1979 with electrical and mechanical contracting being the main business activities of the company. Electro-Mech further expanded the business to include borehole drilling and the... 

African Energy Indaba celebrates its 10th edition in 2018.

     11th December 2017 The African Energy Indaba (AEI) celebrates its 10th edition on 20-21 February, 2018 at the Sandton Convention Centre, Johannesburg, South Africa. This flagship annual event on the African business calendar correlates with the growth in African energy on the continent, as the AEI is well-renowned... 

Mineral Resources trumps Chinese bid for Australian gas producer AWE

By: Reuters     11th December 2017 Australia's Mineral Resources has offered A$484-million for domestic gas producer AWE, topping a sweetened bid from State-owned China Energy Reserve and Chemicals Group (CERCG). The two suitors are targeting AWE's stake in a gas project in Western Australia, Waitsia, which the company has called... 

Ballistic firearms ‘fingerprinting’ futile, wasteful – SA Hunters

By: Dylan Slater     8th December 2017 Recent proposals by the South African Police Service (Saps) to establish a national “ballistic fingerprint” database of legally owned firearms in South Africa and for this database to be used as a forensic tool in criminal investigations is a largely futile and wasteful exercise in Saps’... 

SA cleantech innovation grows from strength-to-strength during four-year partnership

     8th December 2017 Top performers for 2017 in the Cleantech Innovation Programme in South Africa (GCIP-SA) were announced at a gala and awards event held in Pretoria on 3 November 2017. Hosted by the United Nations Industrial Development Organization (UNIDO) and the Technology Innovation Agency (TIA), the event was... 

Mine fatalities in South Africa rise first time in decade

By: Bloomberg     8th December 2017 For the first time in almost a decade, more people are dying in South African mines, the world’s deepest and among the most dangerous. There were 81 fatalities from January through November, according to data from the Chamber of Mines, an industry lobby group. Harmony Gold Mining Co. reported a... 

Underground mining revival triggers equipment manufacturing investments

By: Ajoy K Das     8th December 2017 With green shoots emerging in the underground mining sector, a slew of Indian companies are looking to tap into opportunities by building new domestic underground equipment manufacturing capacity. For one, an Indian consortium of companies is resurrecting Mining and Allied Machinery Corporation... 

Gold beaten down in worst week in seven months on US review rate

By: Bloomberg     8th December 2017 Gold is heading for the biggest weekly drop since May as investors anticipate higher US interest rates, and progress on tax reform buoys the dollar. Metal for immediate delivery has slumped 2.5 percent this week, the most since the five days ended May 5. It traded at $1 248.72 an ounce at 9:32... 

Blockchain set to change transactions, information flow and business processes

By: Schalk Burger     8th December 2017 Trust is the underlying factor supporting financial systems – from the value of currency and financial transactions to public spending. Similarly, trust underpins almost all information transfers, and money is a medium that allows people to ‘communicate’ value throughout an economy, says... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent ones, thereby reflecting a degree of positivity, as well as signs of growth. This also points to untapped potential that is ready to be unlocked through increased investment upstream and... 

IHS Materials Price Index chalks up fourth weekly gain

By: Henry Lazenby     8th December 2017 The materials price index (MPI) from Global Insight by IHS Markit has reported the fourth week of consecutive gains, adding 0.5% last week. IHS Markit economist Cole Hassay said the increase was more broadly based than in recent weeks, with six of the ten subcomponents rising. Freight and ferrous... 

Platinum's discount to palladium hits 16-year-high

By: Reuters     8th December 2017 Platinum's discount to fellow precious metal palladium reached its highest level since 2001 on Thursday, as the latter soared on heightened vehicle demand and an ongoing supply deficit. Palladium hit a high of $1 022.70 on Thursday, just off a 16-year high from last week, while platinum hit a... 

NEB declares Trans Mountain Pipeline exempt of Burnaby bylaws

By: Henry Lazenby     8th December 2017 Canada’s federal endowed National Energy Board (NEB) issued an order on Thursday, declaring that Kinder Morgan’s C$7.4-billion Trans Mountain Expansion project is not required to comply with two sections of the City of Burnaby’s bylaws as the company prepares to begin construction. 

Quality reprioritised in local battery market

By: Robyn Wilkinson     8th December 2017 With its battery anti-theft solution successfully protecting more than 15 000 lead acid batteries in South Africa, battery and related-components supplier Aztec is seeing an increase in demand for premium quality batteries with a longer operating life. 

SA stainless steel industry worth $3bn, 100 000 jobs

By: Dylan Slater     8th December 2017 The South African stainless steel industry is “very important” in employing people and growing the economy through exports and the local manufacturing of products, says South African Stainless Steel Development Association CEO John Tarboton.  

Blockchain set to change transactions, information flow and business processes

By: Schalk Burger     8th December 2017 Trust is the underlying factor supporting financial systems – from the value of currency and financial transactions to public spending. Similarly, trust underpins almost all information transfers, and money is a medium that allows people to communicate value throughout an economy, says financial... 

Volvo Financial Services makes Southern African debut

By: Irma Venter     8th December 2017 Volvo Financial Services (VFS), the global finance arm of the Volvo Group, has announced the launch of Volvo Financial Services Southern Africa. VFS Southern Africa will provide financial services to customers of Volvo Group Southern Africa, which includes the UD Trucks, Volvo Bus, Volvo Trucks... 

Metair and partners to produce lithium-ion batteries

By: Irma Venter     8th December 2017 Energy storage and automotive component specialist Metair has launched a programme to produce lithium-ion (li-ion) batteries across its operations in South Africa, Turkey and Romania. The programme will see Metair partner with universities and industry agencies for the production and... 


     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.... 

Keystone pipeline Gulf Coast expansion project, Canada and US

By: Sheila Barradas     8th December 2017 TransCanada has petitioned the Nebraska Public Service Commissionthe to reconsider its decision on an alternative route for the pipeline. 

Marine Corps Air Station energy security microgrid, US

By: Sheila Barradas     8th December 2017 The US Marine Corps and Naval Facilities Engineering Command Southwest is building a new diesel and natural gas plant, as well as refurbishing an existing building into an advanced energy and water operations centre. 

Project Newton, US

By: Sheila Barradas     8th December 2017 Newton Manufacturing is expanding its feed-supplement manufacturing capacity. 

Africa and China have a shared future under new world order

By: African News Agency      7th December 2017 The world order has changed and it was time to take hands and chart a common destiny. This was one of the central themes to emerge from a seminar held in Cape Town on Thursday under the twin headings Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and Xi Jinping: the... 

Mike Brown steps in as Gem Diamonds nonexecutive director

By: Dylan Slater     7th December 2017 Diamond producer Gem Diamonds is set to receive fresh blood as decade-sitting Gavin Beevers will not stand for re-election in 2018 as a nonexecutive director 

Ocean science key to supporting sustainable ocean health

By: Anine Kilian     6th December 2017 Studying and understanding ocean science is key to achieving the Sustainable Development Goals (SDGs) set out by the United Nations (UN) and to sustain the health of the world’s oceans, according to Department of Environmental Affairs oceans research director Ashley Johnson, who unpacked the key... 

Vukile continues to grow Spain retail portfolio

By: Schalk Burger     6th December 2017 JSE-listed retail property trading company Vukile Property Fund added two Spanish retail parks, worth about €65-million, to its portfolio of 11 other Spanish retail parks. CEO Laurence Rapp said in a note on Wednesday that the total value of the Spanish portfolio was about €290-million. Vukile’s... 

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