Anine Kilian

https://staging1.creamermedia.com/

Anine Kilian

Anine Kilian is a Creamer Media Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Keras advances testwork at Togo manganese project

15th August 2018 Aim-listed Keras Resources has made a number of appointments to advance the 10 000 t bulk sampling metallurgical test work programme at the Nayega manganese project, in northern Togo. Keras has appointed Graham Stacey as project manager, Carriere Mines Travaux Public (CMTP) as the turnkey mining... →

SAPA to continue to campaign for chicken to be exempt from VAT

14th August 2018 The South African Poultry Association will continue to campaign for chicken to be exempt from value-added tax (VAT) because it believes it is in the interests of the country and lower-income households, it said in a statement on Tuesday. SAPA is disappointed that the Woolard panel did not... →

Kefi reports continued progress on Tulu Kapi development

14th August 2018 Aim-listed Kefi Minerals says its preparations for the development of its Tulu Kapi gold project, in Ethiopia, continue in earnest with the recent appointment of the head of project implementation, his construction oversight team and the start of their engagement with the principal project... →

Lily mine to reopen in Feb 2019, says new owner

14th August 2018 Vantage Goldfields, which has been bought out by Siyakhula Sonke Empowerment Corporation (SSC), plans to reopen the Lily mine, in Barberton, Mpumalanga, in February 2019, three years after a pillar collapse claimed the lives of three employees at the mine. A lamp house container in which... →

VAT panel recommends zero-rating of white bread, sanitary products and nappies

10th August 2018 The independent panel established to review the current list of items that are zero-rated for value-added tax (VAT) has recommended that white bread, flour, cake flour, sanitary products, school uniforms and nappies be included in the list of zero-rated items. Finance Minister Nhlanhla Nene on... →

Nhlanhla Nene

Northern Cape wind farm funds FitzPatrick Institute bird study

10th August 2018 Kangnas Wind Farm and the FitzPatrick Institute of African Ornithology are working in partnership to gather data related to the Red Lark’s current status, its occurrence, habitat preferences and threats. As an endemic species, Red Lark is one of only a few species solely confined to the Northern... →

Government changes shake up the sub-Saharan African construction sector

10th August 2018 International consultancy and construction company Mace has released its latest tender cost update for sub-Saharan Africa, showing mixed performances for the region’s two most prominent economies. →

Sea Harvest to report up to 3% rise in H1 headline earnings

10th August 2018 JSE-listed Sea Harvest expects to report a 0% to 3% increase in its headline earnings for the six months ended June 30, to between R110.7-million and R114-million, after absorbing transaction costs related to its acquisition of Viking Fishing. Earnings per share (EPS) for the six months are,... →

BlueRock liquidation hearing cancelled as it reaches agreement with former CEO

10th August 2018 Aim-listed BlueRock Diamonds has reached an agreement with former CEO Riaan Visser that his application for the liquidation of Kareevlei Mining be removed from the court roll, subject to security being provided for the full amount of his alleged claim of about £230 000. Accordingly, the... →

Diamcor recovers six special diamonds

10th August 2018 Diamcor Mining has recovered six special rough diamonds at its Krone-Endora at Venetia project, in South Africa’s Limpopo province. The diamonds were recovered from material processed through the company's newly upgraded facilities. →

Caledonia achieves marginal increase in Q2 output

10th August 2018 Caledonia Mining’s 49%-owned Blanket mine, in Zimbabwe, produced 12 657 oz of gold in the second quarter ended June 30, marginally higher than that produced in the second quarter of 2017 and in line with expectations. “The second quarter was a difficult quarter for the business as production was... →

CITIC loans Ivanhoe $100m

10th August 2018 CITIC Metal Group has provided Ivanhoe Mines with an interim loan of $100-million in accordance with a term loan facility that is an integral part of the long-term strategic cooperation and investment agreement between Ivanhoe and CITIC Metal. The interim loan is subject to an annual interest... →

Canyon hopes to combine Cameroon bauxite projects

10th August 2018 Aim- and TSX-V-listed Altus Strategies’ joint venture (JV) partner in Cameroon, ASX-listed Canyon Resources, has been granted three further exploration licences, including for the Minim Martap bauxite project, which is located adjacent to the Birsok project that is subject to a JV between Altus... →

Ncondezi to restructure loan

10th August 2018 Aim-listed Ncondezi Energy has received a number of proposals to refinance or restructure its existing $5.1-million loan. “In parallel to the good progress that has been made with its potential strategic partners over the last 12 months, the company has been considering a number of loan... →

Necsa, Rosatom subsidiary partner on nuclear medicine

10th August 2018 The South African Nuclear Energy Corporation (Necsa) and Rusatom Healthcare, the healthcare division of Russian State-owned nuclear corporation Rosatom, recently signed an agreement to cooperate with each other on nonpower-related uses of nuclear technology. The agreement, which is based on... →

Private-equity investment more than doubles in Southern Africa

10th August 2018 The Southern African private equity industry invested R31.3-billion in 2017, which represents an increase of 102% on the R15.5-billion invested in the previous year and well above the yearly average of R14.7-billion a year invested over the preceding ten years. Further, South Africa’s private... →

Resilient Waters project gets US backing

10th August 2018 The United States Agency for International Development (USAID) has launched a five-year, $32.4-million project called Resilient Waters to address severe water challenges facing the Limpopo river basin and Okavango river basin communities. The project will work to provide access to safe drinking... →

Exxaro expects to report higher H1 earnings

8th August 2018 Diversified miner Exxaro Resources expects to report a 41% to 54% year-on-year increase in attributable earnings per share (AEPS) for the six months ended June 30. The company on Wednesday said its AEPS are likelty to be between R12.05 and R13.15, compared with the R8.52 reported for the six... →

Bauba signs chrome offtake agreement

8th August 2018 JSE-listed Bauba Platinum has signed a chromite ore commodity purchase contract with Gerald Metals and Pelagic Resources for chrome ore run-of-mine (RoM) produced at its Moeijelijk mine, in Limpopo. This agreement is underpinned by a $5-million prepayment, which represents a part prepayment on... →

Rainbow, TechMet to consider feasibility of downstream rare earths separation

8th August 2018 Aim-listed Rainbow Rare Earths has entered into a cooperation agreement with TechMet to fund a definitive feasibility study (DFS) into downstream rare earths separation. Subject to the completion of an initial scoping exercise, Rainbow and TechMet will form a joint venture to commission and... →

Investments in paper business start paying off – Mpact

8th August 2018 Capital investments in JSE-listed Mpact’s paper business are starting to contribute to the group’s performance, CEO Bruce Strong said on Wednesday. Reporting on the group’s results for the six months ended June 30, he noted that the gains made in the paper business had, however, been offset by a... →

Katanga’s H1 copper, cobalt revenues rise

8th August 2018 TSX-listed Katanga Mining on Wednesday reported that its copper revenue for the first half of this year increased to $350.86-million, compared with $3 000 in the first half of 2017, while its cobalt revenue increased to $141.1-million, from zero revenue in the first half of the prior year. “The... →

BBC appoints new president

8th August 2018 Sandile Zungu has been elected the new president of the Black Business Council (BBC). He succeeds Danisa Baloyi, whose term has come to an end. →

Sitatunga Resources hopes to create jobs at newly acquired colliery

8th August 2018 Exploration and mining project development company Sitatunga Resources, which has bought Wescoal’s coal assets near Newcastle, KwaZulu-Natal, believes its investment in the Braakfontein Colliery will create much-needed jobs in the area. Braakfontein Colliery is an advanced-stage exploration... →

GCIS, Busa launch anticorruption pledge campaign

8th August 2018 The Government Communication and Information System (GCIS) has, in partnership with Business Unity South Africa (Busa), launched the Anti-Corruption #ThumaMina pledge campaign. →

M&R withdraws Aveng merger proposal

8th August 2018 JSE-listed Murray & Roberts (M&R) on Wednesday announced that it had withdrawn its proposal for a potential merger with Aveng. The company announced last week that it was reviewing a decision by the Takeover Special Committee (TSC) to overturn a June decision by the Takeover Regulation Panel that... →

ARC to acquire 100% of TymeDigital

8th August 2018 African Rainbow Capital (ARC), led by chairperson Patrice Motsepe, has reached an agreement to acquire, through its 50.1% held subsidiary, ARC Financial Holding Company (FinHoldCo), 90% of TymeDigital by Commonwealth Bank, for an undisclosed consideration. When concluded, FinHoldCo will own 100%... →

Wescoal to dispose of LBC assets

7th August 2018 JSE-listed Wescoal has, through its wholly-owned subsidiary, Leeuw Braakfontein Colliery (LBC), entered into a sale of assets with Sitatunga Resources in terms of which LBC will dispose of its LBC assets in KwaZulu-Natal. The total consideration for the disposal is R103-million and will be paid... →

AMCU threatens strike action at Implats over planned job cuts

7th August 2018 The Association of Mineworkers and Construction Union (AMCU) has threatened industrial strike action at Impala Platinum (Implats) if talks with the company over its plans to cut 13 000 jobs and shut down five mines are not successful. Implats announced last week that it would cut its workforce by... →

Kabwe project on track despite cancellation of BMR’s share trading

3rd August 2018 The cancellation of admission to trading on Aim of BMR’s shares does not impact the execution of the Kabwe project, Jubilee Metals said on Friday. BMR and Jubilee have entered into discussions, with Jubilee having offered to fully fund the completion of the Kabwe project against an immediate... →

Managem seeks additional 30% of Avocet's Tri-K project

3rd August 2018 Aim-listed Avocet is assessing whether the conditions for the second closing of its Tri-K transaction with Managem have been met. Avocet announced in October 2016 that it had entered into an agreement with Managem for Managem to ultimately earn a 70% interest in the Tri-K gold project, in Guinea,... →

Gemfields sells 90% of emeralds on offer at latest auction

3rd August 2018 Gemfields’ latest auction, comprising predominantly commercial quality rough emeralds, generated revenues of $10.89-million, with an overall average value of $4.21/ct achieved. The auction was held in Lusaka, Zambia, from July 30 to August 2. →

Globeleq acquires Brookfield’s South African renewables portfolio

3rd August 2018 Globeleq has entered into an agreement with an affiliate of Brookfield Asset Management to acquire Brookfield’s interest in its South African renewable energy portfolio. The agreement is subject to various closing conditions and, once fulfilled, will give Globeleq a majority shareholding in six... →

Self-generation emerging as a big theme across Africa

3rd August 2018 Africa’s energy industry is not declining, but it is being disrupted, says GE gas power systems anglophone Africa sales MD Nosizwe Dlengezele. Addressing media at a briefing, in Johannesburg, on Tuesday, she noted that, ultimately, people who rely on the energy market will find ways to acquire... →

China–South Africa investment continues to grow

3rd August 2018 Trade and investment between China and South Africa remains on a positive growth trajectory, Standard Bank CEO Sim Tshabalala said on Monday. Addressing delegates at a media briefing marking the tenth anniversary of the strategic partnership between Standard Bank and the Industrial and Commercial... →

Harmony’s Hidden Valley mine in commercial production

3rd August 2018 JSE-listed Harmony Gold’s Hidden Valley operation, in Papua New Guinea reached commercial levels of production in June. “The investment in the Stage 5 and 6 cutback was delivered safely, on schedule and below budget and we are confident that Hidden Valley will produce more than 180 000 oz in the... →

South Africa and Russia recommit to PGMs MoU

3rd August 2018 South Africa and Russia recommitted themselves to the continued implementation of the memorandum of understanding (MoU) on platinum group metals (PGMs), following the third yearly PGMs conference, which took place in Johannesburg, on Tuesday. Delegates at the conference agreed on the need to... →

Karo launches Zim platinum project

3rd August 2018 Zimbabwe and platinum producer Karo Platinum on Tuesday officially launched the Karo platinum project, in Chegutu, Zimbabwe. “We are excited about partnering with Zimbabwe and its people in building a long-term and sustainable business. Zimbabwe has an extraordinary metal and mineral endowment... →

CCP hopes to get first investment approved by year-end

2nd August 2018 Recently launched 12J mining fund Concentrate Capital Partners (CCP) is hoping to get one of its first investments approved by year-end. Speaking to Mining Weekly Online on the sidelines of the 12J Marketplace conference, in Johannesburg, on Thursday, MD Paul Miller said the venture capital... →

Franchising industry a major contributor to South Africa’s GDP

2nd August 2018 The franchising industry contributed 13.4% to the country’s gross domestic product (GDP) in 2017, the Franchise Junction CEO Thys van Zyl said on Thursday. Addressing delegates at the 12J Marketplace conference, in Johannesburg, he pointed out that the franchising industry not only contributed to... →

Gold demand falls 4% y/y in Q2

2nd August 2018 Global gold demand remained muted at 964 t in the second quarter, 4% lower year-on-year, according to the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ report. Speaking to Mining Weekly Online, WGC member and market relations head John Mulligan said mine production in the second... →

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