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Upcoming protest not the first amid talks of transition away from coal – SAWEA
Published: 16 Nov 18
The South African Wind Energy Association (SAWEA) has defended the industry’s job creation potential. This comes ahead of a peaceful march by the National Union of Mineworkers (NUM), which is planned for November 17, to protest potential job losses in the coal-fired power generation sector as a result of South Africa’s plans to increase its use of renewable energy sources.
South African company building new smelter in Zimbabwe
Published: 02 Nov 18
Foundry and engineering company Thos Begbie is working in the Great Dyke of Zimbabwe, close to the town of Shurungwi, where it is helping to construct the Unki platinum smelter, adjacent to a mining operation owned by platinum mining company Anglo American Platinum (Amplats). Thos Begbie was awarded the contract for the new smelter last year by Amplats, owing to a government regulation set out in 2015, which replaces the Mines and Minerals Act of 1963, restricting the exportation of raw minerals from Zimbabwe. The new regulation – the Mines and Minerals Development Bill – was approved in 2016 by then President Robert Mugabe, who was replaced by President Emmerson Mnangagwa in November 2017.
Good reception for cleaning system
Published: 02 Nov 18
Following the launch of its KaiVac 1750 No-Touch cleaning system at last year’s Cleantex Cleaning Expo, held from June 12 to 14, cleaning solutions provider Goscor Cleaning Equipment says the system has since been taken up by the top five contract cleaning service providers in the country. The contract cleaning service providers work predominantly with building management and maintenance firms, but also include the ablution facilities, kitchens and back-of-house operations of large industrial clients and mines.
Naamsa welcomes uptick in October new-vehicle sales
Published: 01 Nov 18
The National Association of Automobile Manufacturers South Africa (Naamsa) on Thursday said the latest domestic new-vehicle sales figures for October reflected an unexpected and welcome uptick of 1.7% to 51 866 units sold, which was largely supported by fairly strong growth in the various commercial vehicle segments. Aggregate industry domestic sales for the month represented the highest single months’ total to date this year.
Absa PMI fell for a third consecutive month in October
Published: 01 Nov 18
South Africa's seasonally adjusted Absa Purchasing Managers' Index (PMI) fell further in October due to declines in new orders, business activity and employment, a survey showed on Thursday. The index, which is compiled by the Bureau for Economic Research and gauges manufacturing activity in Africa's most industrialised economy, was at 42.4 in October, its lowest reading since July 2017 and well below the 50-mark separating contraction from expansion.
Denel reports R1.7bn operating loss for 2017/18, turnaround progressing
Published: 31 Oct 18
State-owned defence industrial group Denel on Wednesday, with the release of its yearly results, stated that its operating loss of R1.7-billion for the 2017/18 financial year clearly shows a business that has had a difficult year, marked by lapses in governance, mismanagement and poor contract execution that resulted in severe liquidity challenges. The operating loss has been further compounded by R500-million in irregular expenditure and a disclaimer audit opinion by the Auditor-General which is of “grave concern” to Denel.
Record low costs a necessity for Australia’s international competitiveness
Published: 31 Oct 18
The resources sector is fundamental to Australia’s economic prosperity according to Fortescue Metals Group CEO Elizabeth Gaines during a presentation at the International Mining and Resources Conference (IMARC) in Melbourne today. “The sector generates exports of $226 billion a year, and that’s more than half of Australia’s estimated total exports.
Peabody says Q4 focus is on North Goonyella, completing Shoal Creek buy
Published: 31 Oct 18
NYSE-listed Peabody on Tuesday announced solid results for the third quarter, despite ending the three-month period with substantial challenges at the fire-hit North Goonyella mine, which remains idled. The miner reported revenue of $1.41-billion, compared with $1.48-billion a year earlier, and net income of $79.8-million, down from $230-million in the September 2017 quarter.
TPP-11 to give Australian resources a major boost – Minerals Council TPP-11 to give Australian resources a major boost – Minerals Council
Published: 31 Oct 18
PERTH (miningweekly.com) – The Australian government has ratified the Trans-Pacific Partnership (TPP-11) trade agreement, a move that has been welcomed by the resources sector. Australia is the sixth country to ratify the agreement, meaning it can now enter into force on December 30, with Australia joining Canada, Japan, Mexico, New Zealand and Singapore as part of the first group to ratify. “Our ratification means we are guaranteeing maximum benefits for our farmers and businesses, with the bonus of two tariff reductions within 3 days - one on December 30, and another on January 1, 2019,” said Prime Minister Scott Morrison. “The TPP-11 is one of the most comprehensive and ambitious trade agreements in Australia’s recent history. It will help support Australian businesses to grow and see annual benefits of up to A$15.6-billion to our national economy by 2030. “Australian farmers and businesses will particularly benefit from new high-quality free trade agreements with Canada and Mexico, our first ever with these two of the world’s top 20 economies.” “Australian exporters of industrial products such as iron and steel, leather and paper products and medical equipment, who currently sell A$19-billion worth of products to TPP-11 markets, will be able to grow their businesses without facing a tariff disadvantage,” Morrison said. “The TPP-11 also improves our market access into Japan for our beef, wheat, barley and dairy exporters beyond the bilateral Japan-Australia Economic Partnership Agreement.” The Minerals Council of Australia (MCA) on Wednesday said the ratification was great news for Australian jobs and exports. “The TPP-11 will give Australian exporters an early double tariff cut, helping our world-class Australian minerals companies, as well as other export sectors like farming, manufacturing and wine,” said MCA CEO Tania Constable. Economic modeling previously commissioned by the MCA has shown that by 2030, the TPP-11 will have increased Australian exports by A$29.9-billion, while generating additional direct investment into the country by A$7.8-billion, and overseas investment by Australian firms to A$26-billion. “By trading with the rest of the world, Australia generates export earnings to support growth and jobs at home, gives consumers lower prices and more choice, forges more competitive industries and a more efficient economy,” Constable said. “Trade and free trade agreements also give our manufacturers access to global supply chains and help lift millions of people in developing countries out of poverty. “Australia has long been a trading nation and our minerals exports are a major part of the story of Australia’s international economic success.”
Stainless awards provide welcome boost to local sector Has PDF
Published: 30 Oct 18
The winners of the 2018 Sassda Columbus Stainless Awards have been announced at a glittering banquet in Fourways, Johannesburg with 189 entries from 53 companies resulting in a stellar list of more than 60 finalists. Speaking at the event, Sassda Executive Director John Tarboton said; “This year, perhaps more than ever, awards of this nature are essential as they celebrate the innovation, strength and durability of the South African stainless steel industry, despite the buffeting winds of change that have beset our country in the two years since the last awards event was held.
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