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China’s preference for long-term contracts affecting Indian iron-ore miners
Published: 25 Sep 18
Indian overseas shipment of high-grade iron-ore fines and lumps is facing significant risks as Chinese steel mills are increasingly looking at long term supply agreements. According to three miner-exporters based in the eastern Indian province of Odisha, the largest iron-ore producer in the country, Chinese steel mills are increasingly seeking long-term supply agreements with global resource majors instead of relying on merchant purchase by traders.
York Timbers lifts FY18 Ebitda by 12%
Published: 25 Sep 18
Despite challenging market conditions, integrated forestry company York Timbers increased its earnings before interest, taxes, depreciation and amortisation (Ebitda) and core earnings by 12% and 59%, respectively, for the full year ended June 30. The company on Tuesday pointed out that the Ebitda growth was the result of investment in processing and forestry operations in the last few years, together with continued efficiency gains.
Jendamark MD to vie for prestigious African business leadership award Has PDF
Published: 25 Sep 18
Quinton Uren flies Nelson Mandela Bay flag high QUINTON Uren, managing director of Port Elizabeth-based global technology company Jendamark Automation, was named a finalist in the prestigious All Africa Business Leaders Awards at an event in Johannesburg last night [Thursday, September 20].
US private equity firm launches Coronado Coal IPO in Australia
Published: 24 Sep 18
US private equity firm Energy and Minerals Group (EMG) on Monday kicked off its planned float of Coronado Coal Group in Australia, seeking to raise up to A$1.3-billion for 30% of the group. The float will give the company an enterprise value of up to A$4.4-billion, making it the biggest coal mining float in Australia since Yancoal Australia listed in 2012 at the peak of the country's mining boom.
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.
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.
Ramaphosa aims to crowd in private resources for infrastructure fund
Published: 21 Sep 18
President Cyril Ramaphosa has placed the creation of a public-private infrastructure fund at the heart of an economic stimulus and recovery plan, otherwise constrained by South Africa’s serious fiscal constraints. In unveiling the plan during a briefing at the Union Buildings in Pretoria on Friday, Ramaphosa reported that the South Africa Infrastructure Fund would be established immediately, supported by an executive team within The Presidency, comprising individuals drawn from the public and private sectors.
Ramaphosa moves to revitalise mining, create certainty
Published: 21 Sep 18
It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan speech on Friday. He said that following extensive consultation that involved industry players, communities, labour and government, the Cabinet had approved long-awaited revised Mining Charter, which will be gazetted next week.
Fuel cell parts manufacturer ready to commission plant
Published: 21 Sep 18
Fuel cell components manufacturer Isondo Precious Metals (IPM) hopes to commission its platinum-containing membrane electrode assembly (MEA) manufacturing plant in the upcoming months, pending the finalisation of the balance of funding. The state-of-the-art MEA manufacturing technology plant from Germany, arrived in the country during June 2018 and is currently in storage in Johannesburg. The MEA is the core component of a fuel cell.
Manufacturer ready to commission plant
Published: 21 Sep 18
Fuel cell components manufacturer Isondo Precious Metals (IPM) hopes to commission its platinum-containing membrane electrode assembly (MEA) manufacturing plant in the upcoming months, pending the finalisation of the balance of funding. The state-of-the-art MEA manufacturing technology plant from Germany, arrived in the country during June 2018 and is currently in storage in Johannesburg. The MEA is the core component of a fuel cell.
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