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Tuesday, 07 April 2009 |
As the South African mineral and mining industry has expanded in recent years, the related mineral and mining chemicals markets have enjoyed steady growth. However, the global economic downturn has had a severe impact on mining activity, and this has in turn decreased the demand for chemicals in this sector.
New analysis from Frost & Sullivan the growth partnership company, finds that the South Africa Mineral and Mining Chemicals Markets earned revenues of $592.7 million in 2008 and estimates this to reach $901.7 million in 2014. Explosives will continue to be the dominant product segment, while processing and water treatment chemicals will grow at a slower rate. |
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Tuesday, 17 March 2009 |
Even with the retreat of commodities prices, fundamentals in the mining and metals sector continue to be compelling. With inventories continuing to run down and increased spending as a result of infrastructure-intensive stimulus packages a new rally in the sector is likely.
Released yesterday, Ernst & Young’s annual review of mergers, acquisitions and capital raising in the sector, 2008: The year when cash was king, reviews a tumultuous year in the mining and metals sector. It would, however, be impossible to summarise 2008 without starting with the effects of the global financial crisis and the resulting economic downturn. |
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Friday, 13 March 2009 |
Alexkor, a state-owned alluvial diamond company in Alexander Bay, Northern Cape, is looking to the future with confidence after a recent decision to invest in Accpac ERP for Mining, from Softline Accpac, to enrich its business processes through better reporting, workflow and integration capabilities. The implementation will be done using the expertise of Softline Accpac premier business partner ATS Mirlem, which operates in the Western Cape.
Alexkor was established in 1989, when the state alluvial diggings was taken over from the government and transformed into the Alexander Bay Development Corporation. The core business is the mining of diamonds on beaches and in the sea along the north-west coast of South Africa. These activities are complemented by geology, rehabilitation and environmental management. Non-core activities include engineering services, transport services, guest houses, a petrol station and an airport.
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Friday, 06 March 2009 |
Open Text Corporation, a global leader in enterprise content management (ECM), today announced its software solution that specifically helps mining, energy and chemical companies manage critical changes in processes at mines, oil refineries and chemical plants.
Management of Change (MOC) programmes are a major challenge for plants, in terms of time, resources, and risks of fines, lawsuits or shutdowns if initiatives fail. Open Text's solution automates the content and processes for MOC, so companies can cut down on the administrative burden, minimise risk and reduce costs.
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Tuesday, 03 March 2009 |
Following two years of record M&A activity, 2008 has turned out to be a year of extremes, according to Mining Deals 2008, the annual review by PricewaterhouseCoopers of mining sector M&A activity. The earlier part of the year followed the previous year’s buoyant pattern before plunging in a sudden dizzying vortex in the final months.
Many transactions that got to announcement stage did not close. This is why deal records were not broken as 2008 was a year if record bid announcements, however, the decision of BHP Billiton not to pursue its offer for Rio Tinto will probably be the main event of the 2008 mining deals year. This was not the only bid that failed to progress – there were many others such as Xstrata bidding for Lonmin
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