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Harte Gold's Sugar Mill mine fully permitted
Published: 23 Sep 18
Ontario’s first high-grade gold mine in more than a decade is about to start commercial production, junior miner Harte Gold said this week, announcing that it has received the necessary permits to mine, process ore and pour gold on site. The permitting of the Sugar Zone mine has been a lengthy process and shareholders in the TSX-listed company reacted positively to the permitting news, with stock gaining 17% on Friday to C$0.46 a share.
India to incentivise consortiums to build iron-ore pellet plants
Published: 21 Sep 18
India’s Mines Ministry is exploring ways to incentivise private merchant iron-ore miners to form consortiums to construct pelletisation plants in mineral bearing states, in view of a changing raw material preference of steel mills worldwide, particularly in China. Government companies like KIOCL (formerly Kudremukh Iron Ore Company Limited), steel producer, Rashtriya Ispat Nigam Limited (RINL) and Steel Authority of India Limited (SAIL) have all been nudged to invest in constructing new iron-ore pellet plants.
Westwater CEO expects continued uranium price rise
Published: 21 Sep 18
Nasdaq-listed Westwater Resources, which owns uranium project in Texas and New Mexico, is upbeat about the uranium market and says he believes that prices will continue to rise in the near term. In a news release on Friday, CEO Christopher Jones laid out a case for higher prices detailing how spot market prices and volumes for uranium concentrate are outperforming this year.
Air traffic control undergoing a digital revolution Air traffic control undergoing a digital revolution
Published: 21 Sep 18
The dramatic advances in information and communications technology, electro-optical technologies and digitalisation have enabled a revolution to take place in terms of airport air (and ground) traffic control. This was highlighted in a briefing at the Africa Aerospace and Defence 2018 exhibition by Saab VP: Civil Security (Middle East and North Africa region) David Shomar. Saab had played a leading – in some cases the leading – role in these developments. He pointed out that remotely-controlled digital air traffic control (ATC) was now operational in Sweden, the Republic of Ireland and in the State of Virginia in the US.
Recycled PET use held back by collection rates Recycled PET use held back by collection rates
Published: 21 Sep 18
Beverage multinational subsidiary Coca-Cola Bottling South Africa (CCBSA) uses 10% recycled polyethylene terephthalate (rPET) and has completed technical and production validation of 25% rPET content, but are constrained by the availability of rPET, Coca-Cola Bottling Gauteng and Inland regional supply chain manager Henry Peek said on Friday. CCBSA energy and sustainability manager JP Blumenthal detailed the company's engineering work to make their PET beverage bottles lighter, called lightweighting, which has seen the weight decrease from 54 g for a 2 litre bottle about 11 years ago to 45.7 g currently, with a wall thickness of about 0.3 mm. The company has validated further lightweighting and can reduce the weight of a 2 litre bottle to 41.8 g, which it would phase in over the next six months.
Initiative seeks to further local procurement in franchising
Published: 21 Sep 18
The Franchise Association of South Africa (Fasa) has partnered with Proudly SA to increase the local procurement of goods and services within the franchising sector by facilitating collaboration between suppliers, franchisors and franchisees. This joint enterprise development initiative was pursued after Fasa identified the need for transformation in the franchise industry, owing to the size of the sector and its contribution to the country’s gross domestic product.
Franchising sector records positive growth
Published: 21 Sep 18
Franchising continues to show growth and resilience despite challenging socioeconomic and political challenges in the country. The industry has an estimated turnover of R721-billion in the last financial year, the Franchise Association of South Africa (Fasa) reported on Friday.
Paulson launches alliance to seek better returns in gold sector
Published: 21 Sep 18
Long-time gold bull John Paulson followed through on Friday on a pledge made last year to team up with other gold investors in an effort to work with management of companies in the gold sector to improve returns, according to the group, called the Shareholders Gold Council. The coalition, launched by Paulson's US hedge fund Paulson & Co, will issue analyst reports and engage with management to improve capital allocation, compensation and corporate governance in gold companies, the coalition said in a statement.
Saab suggests capability upgrade for SAAF Gripens
Published: 21 Sep 18
Swedish aerospace and defence group Saab has proposed to the South African Air Force (SAAF) than it adopt the latest incremental update developed for the JAS39C and JAS39D Gripen fighter. The update is designated MS 20. "The Gripen was developed with the concept of continuous upgrades – small upgrades every second or third year," explained Saab Senior Marketing Executive: Middle East and Africa Mats Lundberg to Engineering News Online at the Africa Aerospace and Defence 2018 exhibition. "This was a requirement of the Swedish Air Force. They want to be ahead of the threats and have the latest technology. We believe we can do this best through continuous small upgrades."
Africa’s metals, engineering cluster needs to do more to attract investment Africa’s metals, engineering cluster needs to do more to attract investment Has Video
Published: 21 Sep 18
Steel and Engineering Industries Federation of Southern Africa (Seifsa) chief economist Dr Michael Ade has declared Africa’s metals and engineering sector open for business. Ade was addressing delegates on the second day of Seifsa’s fourth annual Metals and Engineering Indaba, in Johannesburg.
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