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Business confidence improves on 2020 benchmark, says Sacci

By: Donna Slater Updated 3 hours ago The South African Chamber of Commerce and Industry (Sacci) reports that its Business Confidence Index (BCI) for July, at 110.3, was 1.8 index points higher than in June and 6.1 points higher than in May. Sacci had adjusted the reference point, or base year, of its BCI to 2020 and the benchmark... →

Nutrien names Ken Seitz as CEO of the Canadian potash fertilizer producer

By: Bloomberg 9th August 2022 Canada's Nutrien, the world's largest potash fertilizer producer, named Ken Seitz as CEO on Monday, removing the interim tag. Nutrien in January surprised investors by replacing its CEO for the second time in eight months. It then named Seitz, the head of its potash business, as interim CEO,... →

Australia’s coal shipments face a ‘deadline', Greens leader says

By: Bloomberg 9th August 2022 Greens Party leader Adam Bandt has warned the Australian government needs to start moving away from coal exports to prop up its bottom line, saying net zero goals in major trade partners will cut into fossil fuel earnings. Bandt said three of Australia’s biggest export markets for thermal coal... →

Centrex looks at increasing Ardmore capacity

By: Esmarie Iannucci 9th August 2022 ASX-listed Centrex on Tuesday announced it was looking at ways to increase production at its Ardmore phosphate rock mine, in Queensland. The company noted that with commercial production now having restarted, Centrex was working towards increasing production to a Stage 1.5, which will be... →

Indonesia says Tesla strikes $5bn deal to buy nickel products – media

By: Reuters 8th August 2022 US carmaker Tesla has signed contracts worth about $5-billion to buy materials for their batteries from nickel processing companies in Indonesia, a senior cabinet minister told CNBC Indonesia. Southeast Asia's biggest economy has been trying to get Tesla to set up a production facility in the... →

South Africa, Botswana agree to boost rail link

By: Donna Slater 5th August 2022 South Africa and Botswana have agreed, in principle, on joint development initiatives to be implemented by Transnet Freight Rail (TFR) and Botswana Rail (BR), to improve trade between the two countries, following a high-level business roundtable. The initiatives will enable landlocked Botswana... →

Nutrien says potash will remain tight even as Russia ships more

By: Bloomberg 5th August 2022 Global potash will remain tight even as more buyers shed their fear of buying from Russia and Belarus, according to a top fertilizer maker’s chief executive officer. Supplies from Russia may remain as much as 20% below 2021 levels even as access to export markets grow into the coming year, Ken... →

Lithium exports reached record heights in June - ABS

By: Esmarie Iannucci 5th August 2022 A deep dive by the Australian Bureau of Statistics (ABS) into the Australian lithium sector has shown that lithium concentrate exports reached a record high in the month of June, reaching A$1.16-billion. This was up 1 189% or A$10.7-billion from the month of June in 2021. →

New records set for Aus resource exports

By: Esmarie Iannucci 5th August 2022 New trade data from the Australian Bureau of Statistics (ABS) has shown that Australia’s resources sector had posted another record year of exports, with total resources and energy exports were worth a record A$414-billion, in seasonally adjusted terms, in the 2021-22 financial year. This meant... →

Manufacturers feeling pressure as payment delays continue

By: Tracy Hancock 5th August 2022 Local valve manufacturers continue to struggle with delayed payments from the mining industry, which comprises 55% to 60% of the South African valve manufacturing market, says South African Valve and Actuator Manufacturers Association chairperson Pam du Plessis. Implemented during the Covid-19... →

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