The Coega Development Corporation recently announced a substantial R200 million investment by FAW Trucks South Africa, contributing to the province’s automotive sector growth. The Chinese-owned truck company’s investment will further strengthen the Eastern Cape as a strategic hub for automotive manufacturing. FAW Vehicle Manufacturers SA (PTY) Ltd was established in 1994 and is now a … Read more
Oil inventories recorded a surprising increase last week, according to data released Wednesday by the US Energy Information Administration (EIA), which also showed a decline in production. Commercial crude inventories rose 500,000 barrels in the week ended November 15, while analysts had expected a slight decline of 85,000 barrels. Part of this increase is due … Read more
After goals from Adam Karabec and Daniel Fila, the Czechs earned a two-goal victory in Belgium. The coach Jan Suchopárek and the players themselves assessed this result very well, but warned against over-optimism. “We should put it out of our minds,” striker Václav Sejk urged at the pre-match press conference. The young Belgians may have … Read more
Rustem Umerov said that in 2025 more missiles will be produced at home. The improved Neptune cruise missile will be produced in Ukraine in 2025. Rustem Umerov announced this at a meeting with Ukrainian missile manufacturers. Details of the meeting can be found in the official announcement Telegram channel Ministry of Defense of Ukraine. The … Read more
At the beginning of the decade, the Volvo brand was one of the biggest visionaries in the field of electrification, it even wanted to say goodbye to combustion engines by 2030. However, recently it has changed its goals, like most car companies, and counting on models equipped with combustion engines in the next ten years … Read more
Visitors to the Polish resource Bankier.pl commented on the text about the ongoing problems of the German car industry. The resource reports that after Volkswagen, now Audi has announced a wave of layoffs, which is gaining momentum in the German car industry. Audi is reportedly planning to reduce its workforce by around 15%. In Germany … Read more
Three sources said Wednesday that the alliance OPEC plus He could postpone a planned increase in oil production that is expected to take effect in December by a month or more, citing concerns about weak oil demand and high supply. The increase of 180,000 barrels per day was supposed to be implemented in October last … Read more
It is a Dutch (based in the Netherlands) digital marketing agency that helps companies sell in various international markets. The Dutch agency J&J Marketing Family lands in Spain. The firm opens an office in Barcelona with the aim of helping Spanish companies in the internationalization of their businesses by attracting new audiences in other markets. … Read more
Jakarta, CNBC Indonesia – Shares in French mining group Eramet fell 19% on Wednesday as the company announced cuts in nickel and manganese production targets. Referring to the Financial Times, this is a blow to the mining business group listed on the Paris Exchange that had previously suffered from the fall in global nickel prices. … Read more
The exploitation plan for the second half of 2024 includes areas with greater geological uncertainty, since the mine is operating at the end of its reserves. In the third quarter of 2024, the San José mine, operated by Fortuna Mining, produced 510,741 ounces of silver and 3,771 ounces of gold with average head grades of … Read more