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Process Pipe

9th July 2019 Process Pipe and its newly acquired company, CAB South Africa, has established a national footprint as a wholesaler and retailer of carbon and mild steel pipes, fittings and flanges in South Africa, with branches in Gauteng, KwaZulu-Natal and the Western Cape. Moreover, as Process Pipe & CAB... 

Metal fabrication support programme in next 100 days – Patel  

By: Martin Creamer     27th June 2019 Within the next 100 days, the Department of Trade, Industry and Competition intends launching a support programme for new plant and equipment in metal fabrication. “We’ll meet investors and stakeholders on the long-term development of foundries and steel mini-mills, including measures to enable... 

India’s Mines Ministry makes contingency plans for expiring mining leases

By: Ajoy K Das     27th June 2019 India’s Mines Ministry is drawing up contingency plans to offer a three-year extension for merchant mining leases slated to expire in March next year. Sources in the Ministry said that while the government is pushing state governments to initiate the auction of about 288 mining leases expiring... 

Rio and ArcelorMittal tell different sides of iron-ore story

By: Bloomberg     21st June 2019 In the world of metals and mining, sometimes it’s better to sell the raw product rather than the finished one. This seems to be a lesson for investors who chose to hold shares in ArcelorMittal rather than Rio Tinto Group this year. Despite nagging trade tensions and fears about global growth,... 

Insimbi to acquire metals trading firm Treppo

By: Tasneem Bulbulia     21st June 2019 JSE-listed Insimbi Industrial Holdings will see ISB acquire Treppo, which is involved in the sourcing, trading and buying of recycled metals – mainly ferrous metals or steel – in the greater Gauteng area. Through this transaction, Insimbi will expand its ferrous business and its client base,... 

Slogging hammer, wheel slogger upgrades offer safer maintenance

By: Tracy Hancock     21st June 2019 The slogging hammer and wheel slogger from tools and equipment supplier BMG have been upgraded to provide operators with greater efficiency and improved safety when loosening and tightening bolts and nuts during maintenance on mining equipment. Productivity is significantly improved through the... 

Metso offers product innovations, equipment

By: Halima Frost     21st June 2019 Mining equipment maker Metso Minerals’ Metso hybrid truck body, and an expansion to the MX multi-action cone crusher series, the MX3, were launched in April at the Bauma trade fair held in Munich, Germany. The Metso truck body and improved MX3 are available in South Africa and Southern Africa... 

Trump weighs limits on uranium imports after Commerce cites security risk

By: Bloomberg     20th June 2019 The US Commerce Department has recommended the White House take steps to protect the domestic production of uranium after finding the nation’s reliance on imports was a national security risk, said three people briefed on the matter. Among the trade remedies recommended is to require nuclear... 

Ramaphosa confirms R230bn support for Eskom to be front-loaded

By: Terence Creamer     20th June 2019 President Cyril Ramaphosa announced on Thursday that the R230-billion in fiscal support being directed to debt-laden power utility Eskom over the coming ten years would be structured in a way that ensures a significant portion is provided in the early years. A Special Appropriation Bill would be... 

Endeavour Mining has a new CFO

By: Creamer Media Reporter      20th June 2019 Intermediate gold miner Endeavour Mining has appointed Anglo American base metals executive Louis Irvine as CFO, succeeding Vincent Benoit, who is rejoining Endeavour’s main shareholder, La Mancha Group, on August 1. Immediately prior to joining Endeavour, Irvine was executive head of strategy... 

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