14 May 2013

Mining

'Dirtbin' needs a paint job

Durban's city centre has never been my favourite place; I always find my senses being thoroughly assaulted. Don't get me wrong, I grew up in Durban and still feel very precious about my home town, and I'll defend it to the summit of Tafelberg because I have always seen its potential - in my mind all it's ever needed is a fresh coat of paint.

KZN MEC Mike Mabuyakhulu sees that same potential, calling for the recently held Tourism Indaba to make Durban its home. And why not, really? In its 34 years, the conference has more often than not been held successfully in Durban. Mabuyakhulu says the province is ready "to make the necessary investment...to grow this trade show to the level where it rivals and outshines the best shows in the world."

The Cape Point Partnership's Brett Hendricks, however, sees the annual indaba as more of a roving event, commenting on Facebook: "Having a roving event that moves between major South African cities would definitely raise the bar. I'm hoping 2014 will have an added 'wow' factor."

'Wow!' is what we'll need if we're going to meet the national tourism strategy target of becoming one of the top 20 world tourist destinations by 2020, and we're on the right path - the number of tourists entering South Africa increased by 10.2% from 2011-2012, according to Stats SA.

Hosting large-scale events such as the Tourism Indaba means having to tick a lot more boxes. Clive Shelver, managing director at Film & Entertainment Underwriters, explains why it's important to have a proper risk management strategy in place.

If you're hosting an event, make sure you have it added to our recently introduced Biz Event Calendar as a Biz Featured Event. These events are featured in our daily and weekly newsletters, and are actively mentioned on our Facebook and Twitter timelines.

An event of note, the SAMAs were held this past weekend - congrats to the winners! Go paint the town red!

Sindy Peters, Group Head: Content

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Weekly top stories

Another rare blue diamond found
[Lucille Davie] A rare 25.5 carat blue diamond was found at the Cullinan Mine, the third biggest diamond producer in South Africa, last month. Blue diamonds are among the rarest and most highly coveted of all diamonds and the Cullinan mine is the most important source of blues in the world, according to Petra Diamonds, the company that owns the mine. Read more >>


Editorial news

Mining
Another rare blue diamond found
[Lucille Davie] A rare 25.5 carat blue diamond was found at the Cullinan Mine, the third biggest diamond producer in South Africa, last month. Blue diamonds are among the rarest and most highly coveted of all diamonds and the Cullinan mine is the most important source of blues in the world, according to Petra Diamonds, the company that owns the mine. Read more >>

Record highs for Wits' mining intake
The number of first-year mining students at the Wits School of Mining Engineering has surpassed all expectations in 2013, reaching record levels that will help solve the industry's skill shortages. According to Professor Fred Cawood, head of the School of Mining Engineering at Wits, the word is out that mining is a good career choice for a young person looking for a secure job after graduation. Read more >>


Mines
Bulk exports marginally higher in April
[Helmo Preuss] SA's bulk export volumes rose by 0.5% year-on-year (y/y) in April to 13.1m tons (Mt)‚ according to data from the Transnet National Ports Authority (TNPA) released on Monday (13 May). Read more >>

Transnet closes Richards Bay line
Railway operator Transnet Freight Rail (TFR) announced on Monday (13 May) that the coal export line to Richards Bay will be closed down for 12 days from 14 to 25 May for routine maintenance work. Read more >>

State should own 50% of all Africa's mines
[Paul Vecchiatto] African governments should own at least a 50% of any new mining venture in order to ensure that the country gets more of the revenue from mining projects. Read more >>

Skills burden haunts CEOs
[Evan Pickworth] Mining‚ energy‚ engineering and construction companies have reported the most chronic shortages of skilled employees worldwide‚ while 89% of South Africa's chief executives plan to make changes to their strategies for managing talent over the next 12 months‚ a new report shows. Read more >>

Production falls - Easter holidays blamed
Manufacturing production fell 2.2% year-on-year (y/y) in March after a slightly revised 2.8% (2.9%) year-on-year decline in February‚ data released by Statistics SA on Thursday (9 May) showed. Read more >>

Jobs lost, jobs found - what's true?
[Paul Vecchiatto] Economic Development Minister Ebrahim Patel says it is government's economic policy to create jobs and that the country has experienced a net gain of 199‚000 jobs over the past year. This follows Statistics SA's announcement that 100,000 more people where unemployed in the first quarter of this year. Read more >>

RBCT exports up 20,6% this year
[Helmo Preuss] Richards Bay Coal Terminal (RBCT) saw a 20.6% year-on-year (y/y) rise in tonnage shipped to 6.2m tons (Mt) after a 20% y/y gain in March to 7.5Mt. In February's RBCT's exports declined by 10.4% y/y decline to 5.5Mt while in January, exports were just 4.2Mt. Read more >>


Mining Services
Carrus achieves level 1 B-BBEE rating for specialised logistics division, RADEC
[Issued by Carrus Group] RADEC, a member of the Carrus group of companies, was recently awarded a level 1 BBBEE status. RADEC is also a value adding supplier, meaning that their clients can claim 168,75% towards their BEE scorecard, under the preferential procurement section. Read more >>


International
Mittal asks Europe to cut energy prices
LUXEMBOURG: The head of steel manufacturing company ArcelorMittal on Wednesday (8 May) called on European decision-makers to cut energy prices to make the steel sector more competitive as the group faces another tough year owing to slumping demand for the material. Read more >>

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2013 Biz Trends Report

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