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Afrimat Construction Index shows marginal improvement year-on-year
By: Simone Liedtke 20th June 2019 JSE-listed Afrimat’s Construction Index (ACI) for the first quarter broadly followed the same “disappointing trend” evident in overall economic activity during the quarter, with gross domestic product (GDP) having contracted by more than 3% quarter-on-quarter. Economist Dr Roelof Botha, who... →
MINERALS COUNCIL PRESIDENT RAISES CONCERNS:
By: Martin Creamer 7th June 2019 During his address at last month’s Minerals Council South Africa annual general meeting, re-elected Minerals Council president Mxolisi Mgojo praised the commitment of mining companies to solving safety, transformation and inclusive growth problems. He pointed out, however, that policy uncertainty... →
Australia mining investment recovery, exports to add to GDP growth – RBA
By: Reuters 5th June 2019 A gradual pick-up in mining investment in Australia combined with solid export demand for the country's commodities will likely contribute to broader economic growth over the next year, a senior central bank economist said on Wednesday. The resource sector accounts for 20% of Australia's... →
Areas of uncertainty regarding Mining Charter likely to raise compliance costs 
By: Tasneem Bulbulia 28th May 2019 Although Mining Charter III has resulted in greater collaboration between stakeholders across the mining industry, while taking into account the realities facing the industry, areas of uncertainty remain and these are likely to raise compliance costs. This was discussed during a Webber Wentzel... →
India to surpass China as largest importer of coking coal by 2025
By: Marleny Arnoldi 23rd May 2019 Fitch Solutions maintains its forecast for an average coking coal price of $195/t for this year, stating that prices will remain elevated, with strong demand from China’s steel sector, as US–China relations continue to deteriorate and the probability rises of further economic support from the... →
Mining sector facing similar ‘bullying tactics’ to that hindering construction
By: Nadine James 22nd May 2019 Similar “bullying tactics” to those that are causing significant disruption in the South African construction industry, is also affecting the mining industry, Minerals Council South Africa CEO Roger Baxter confirmed on Wednesday. In a media briefing following the council’s annual general meeting... →
BBBEE Commission says most broad-based schemes failing ‘ownership test’
By: Terence Creamer 21st May 2019 The regulatory body overseeing the implementation of South Africa’s broad-based black economic empowerment (BBBEE) legislation has dismissed suggestions that changes have been made to the rules governing the treatment of trusts and other broad-based structures under the ownership element of the... →
Power Africa moves towards its goal of bringing more energy to the continent
By: Kim Cloete 16th May 2019 Power Africa, which was launched by former US President Barack Obama six years ago, is working towards its target of providing energy access to an additional 60-million new homes and businesses and adding 30 000 MW of cleaner, more efficient electricity generation capacity on the African... →
$62m Zimbabwe smelter heeds local beneficiation call
By: Martin Creamer 16th May 2019 The $62-million smelter at Unki Mine’s existing complex is a strategic investment, which meets local beneficiation commitments, Anglo American Platinum said on Thursday, when it opened the completed installation at a ceremony in Shurugwi, Zimbabwe. The smelter investment is indicative of the... →
Stable oil price drives investment in burgeoning African oil, gas sector
By: Nadine James 25th April 2019 Africa is likely to experience continued oil and gas investment over the next three to five years as the stabilisation of crude prices above $60/bl, coupled with the continent’s rapidly expanding population, lure oil producers to one of the last remaining energy investment frontiers, Standard... →
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