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Krugerrand demand resurgence anticipated to result in record sales Krugerrand demand resurgence anticipated to result in record sales Has Video
Published: 16 Aug 17
Increased demand for gold has supported sales of the gold bullion Krugerrands and this year is predicted to yield the highest sales since the 1980s, with an expected 15% to 20% increase on the 1.1-million ounces of the coins sold in 2016. This is according to precious metal smelting and refining complex Rand Refinery marketing executive head Richard Collocott, who was addressing the media during site visit to the company’s facility on the East Rand, on Wednesday, to mark the coins fiftieth anniversary.
Italtile FY sales, profitability below target
Published: 16 Aug 17
JSE-listed Italtile’s basic earnings a share rose by 3% to 90.3c, while headline earnings a share decreased by 1% to 85.7c for the year ended June 30. Revenue grew by 4% to R3.7-billion, while after-tax profit rose 3% to R880-million.
Global information security spending to reach $86.4bn in 2017
Published: 16 Aug 17
Worldwide spending on information security products and services will increase 7% year-on-year to $86.4-billion this year, driven by the business impact of security incidents and an evolving regulatory landscape. This spending is expected to grow further to $93-billion in 2018, the latest forecast from Gartner shows.
Emira on track to improve performance, despite difficult operating environment
Published: 16 Aug 17
Despite a challenging year, JSE-listed real estate investment trust Emira Property Fund says it has significantly improved vacancies across its portfolio to 5.3%, from 7% at its half-year, while having also renewed 77% of expiring space during the financial year to June 30.    Speaking at a presentation of the company’s results, in Johannesburg, on Wednesday, CEO Geoff Jennett said the South African operating environment had worsened and was set to remain tough, “but Emira is now on a much better footing to move forward and [improve] its performance for investors.”   He pointed out that the company’s substantial leasing progress took a lot of hard work. “We introduced several new solutions that respond well to the fiercely competitive market. Filling vacancies and retaining tenants is a top priority,” he said.    Rebalancing its portfolio, Emira sold 11 noncore properties – or around 4% of its total portfolio – at a 1.1% average premium to book value.
Manufacturing sector slows Q2 spending, Q3 outlook more promising Manufacturing sector slows Q2 spending, Q3 outlook more promising
Published: 16 Aug 17
While the manufacturing sector slowed its overall investment during the second quarter of the year, there are indications of a recovery in the third quarter, new data released by the Manufacturing Circle suggests. The latest Manufacturing Composite Investment Tracker (MCIT) shows continued – albeit decelerated – investment by the sector into the plant and equipment, research and development and human capital subindices, with the composite index dropping five points to 58 during the quarter under review.
Zinc breaks through $3 000 barrier as metals rally gathers pace
Published: 16 Aug 17
Zinc surged above $3 000 a metric ton amid persistent global deficits, and aluminium climbed as China reined in illegal capacity, adding fresh impetus to the rally even as some investors expressed concerns. Zinc jumped as much as 2.6% to $3 037/t on the London Metal Exchange, the highest level since 2007, and traded at $3 029 at 1:20 p.m. in London. Aluminium gained as much as 1.3% to $2 075.50/t, the highest since November 2014, while nickel, copper and lead all traded higher.
Nornickel delivering coal to remote settlements in Russian Arctic
Published: 16 Aug 17
The Polar transport division of nickel and palladium miner Nornickel said on Wednesday it had shipped about a third of the 72 000 t of coal it planned to deliver to remote settlements in the Russian Arctic this year.  Nornickel, which is a key participant of the Northern Supply Haul programme, plans to ship about 48 000 t of coal by river barges and about 24 000 t by sea vessels to the hard-to-reach settlement of Taimyr.
Mining contractors progressing work at Xtract’s Mozambique gold project, alluvial mining to start soon Mining contractors progressing work at Xtract’s Mozambique gold project, alluvial mining to start soon
Published: 16 Aug 17
The mining contractor activity at Aim-listed Xtract Resources’ Manica concession area, in Mozambique, is progressing “favourably”, with initial mining of the alluvial gold deposits expected to start at the end of this month, the company reported on Wednesday. Xtract’s Mozambique subsidiary Explorator concluded mining contractor agreements for the project with mining contractors Omnia Mining and Moz Gold in June and with Sino Minerals Investment Company in July for the exploitation of the alluvial deposits.
CSIR lauds female researcher for obtaining doctorate in spatial statistics
Published: 16 Aug 17
Dr Sibusisiwe Khuluse-Makhanya has become the first black female researcher at the Council for Scientific and Industrial Research (CSIR) to obtain a PhD in spatial statistics.   Her PhD, which is titled ‘Spatial Statistical Modelling of Urban Particulate Matter’, was conferred at a graduation ceremony at the University of Twente, in the Netherlands.   The study looked into developing a framework for mapping the risk of exposure to poor air quality. The focus was on statistical methods to deal ...
Davenport extends landholding in German potash basin
Published: 16 Aug 17
Melbourne-registered Davenport Resources has signed an agreement with a German government agency to buy three potash mining licences in the South Harz region for €1.2-million. Davenport, which is listed on the ASX, will acquire the licences from Bodenverwertungs-und-verwaltungs – the agency charged with divesting former German Democratic Republic (GDR) assets.
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