Tasneem Bulbulia

https://staging1.creamermedia.com/

Tasneem Bulbulia

Tasneem Bulbulia is a Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.

Nedbank, Transnet mediation over swaps terminated

28th May 2024 Mediation between financial services group Nedbank and State-owned Transnet, in respect of interest rate swap transactions (swaps) between the parties that took place in December 2015 and March 2016, and which have been widely reported in the media for many years, has ended after it became... →

Ivanhoe completes Phase 3 concentrator construction at DRC project ahead of schedule

28th May 2024 TSX-listed Ivanhoe Mines announced that, on May 26, first ore was fed into the Phase 3 concentrator at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). First ore marks the completion of construction of the Phase 3 concentrator, which has been achieved months ahead of... →

Photo by Bloomberg
Ivanhoe founder and executive co-chairperson Robert Friedland

Firebird receives safety permit for Chinese project

28th May 2024 ASX-listed Firebird Metals’ subsidiary Hunan Firebird Battery Technologies has received a safety permit for Stage 1 of a proposed battery-grade manganese sulphate plant in China. The plant will use third-party manganese ore to produce high-purity manganese sulphate. →

Lucapa, partners recover 195 ct diamond from Lulo

28th May 2024 ASX-listed Lucapa Diamond Company and its Lulo alluvial mine partners Endiama and Rosas and Petalas have announced the recovery of a 195 ct Type IIa diamond from the Lulo mine, in Angola. The diamond is the sixth-largest to be recovered from the Lulo alluvial operations since mining started in 2015. →

Lulo mine

TotalEnergies JV, Austrian firm join forces on proposed Tunisian green hydrogen project

28th May 2024 TE H2, a joint venture between TotalEnergies and EREN Groupe, together with Austrian electric company VERBUND, have signed a memorandum of understanding (MoU) with Tunisia to study the implementation of a large green hydrogen project, H2 Notos. The proposed H2 Notos project will produce green... →

Signing the MoU

Multimodal Inland Port Association launched

27th May 2024 The Multimodal Inland Port Association (MIPA), which seeks to address a critical need in South Africa’s logistics landscape, was launched in South Africa last week. The association aims to act as the unified voice for inland ports across the nation, focusing on promoting, supporting, and... →

Labour department, IDC launch round two of the Innovation Fund

27th May 2024 The Department of Employment and Labour, in partnership with the Industrial Development Corporation (IDC), has announced the launch of the second round of the National Pathway Management Network’s (NPMN’s) Innovation Fund, an initiative of the Presidential Youth Employment Intervention (PYEI).... →

bp, Shell agree to sell Sapref land, associated assets to the CEF

27th May 2024 Following successful negotiations, bp Southern Africa and Shell Downstream South Africa (SDSA) have reached an agreement for the sale of their respective 50% ownership of assets located at the Sapref refinery precinct, in KwaZulu-Natal, to South African State-owned entity the Central Energy Fund... →

Sapref refinery

ALPLA, Re-Purpose partner to strengthen plastics cycle in South Africa

27th May 2024 Plastic packaging manufacturer and recycler the ALPLA Group and waste repurposing company Re-Purpose have announced a strategic partnership that is expected to advance sustainable packaging solutions and strengthen the feedstock value chain of ALPLA’s first polyethylene terephthalate (PET)... →

Photo by ALPLA/Re-Purpose
Re-Purpose uses a reverse collection model

Tiger Brands’ interim results impacted by trading conditions, leadership transition

27th May 2024 JSE-listed Tiger Brands says it results for the six months ended March 31 reflect a tough trading environment, with negative volume growth across retail and wholesale channels, as well as the impact of its shift in focus to restructuring and implementing a new operating model. Since Tjaart... →

Patel to leave Cabinet after elections

24th May 2024 Trade, Industry and Competition Minister Ebrahim Patel has announced that he will conclude his service in Cabinet after next week's election. “I wish to thank the President [Cyril Ramaphosa] and the African National Congress for the trust and confidence shown during my period in office and the... →

Photo by Bloomberg
Trade, Industry and Competition Minister Ebrahim Patel

Speakers highlight focus areas to tackle mine water challenges

23rd May 2024 South Africa has made considerable strides in addressing mine water challenges; however, it is imperative that these efforts are bolstered and improved upon, through aligning research with implementation, ensuring that the correct processes are in place and adapting the regulatory environment to... →

West Coast diamonds events, excursion a success

22nd May 2024 The West Coast Diamond Event and Excursion, held on May 17 and 18 in Port Nolloth, in the Northern Cape, and hosted by the Geological Society of South Africa’s (GSSA's) Northern Cape branch, has been lauded as a “great success” with positive feedback received from attendees. This is according to... →

The West Coast Diamond Event and Excursion

CSIR simulation assisting in truck flow improvement on the N4 corridor

22nd May 2024 A simulation model developed by a team at the Council for Scientific and Industrial Research (CSIR), in Pretoria, is being used as a tool to improve the flow of trucks on the N4 road corridor. These trucks, mostly loaded with export minerals, travel from the mines in the North West, Mpumalanga... →

Road export process flow infographic

Edison increases its valuation of Pan African despite lower production forecast

22nd May 2024 Analyst Edison Investment Research has increased its valuation of South African gold miner Pan African Resources to $0.48 a share, from $0.41 previously. London- and Johannesburg-listed Pan African earlier this month announced that it had revised its 2024 full-year production guidance to between... →

Summit emphasises imperativeness of supporting SMMEs

21st May 2024 Small, medium-sized and microenterprises (SMMEs) in the country are grappling with various challenges, including a lack of coordination between the public and private sectors, insufficient financial support, addressing the skills gap and empowerment through funding and government support. Despite... →

Speakers explore process heat supply alternatives

20th May 2024 With South Africa facing an imminent gas supply cliff, and the need to decarbonise becoming increasingly imperative, industrial gas users are facing considerable challenges and may need to explore alternative solutions for process heat supply. This was outlined by speakers during EE Business... →

Implats concludes a new empowerment transaction at Impala Rustenburg, Impala Bafokeng

20th May 2024 JSE-listed Impala Platinum (Implats) has concluded a series of agreements, facilitating the implementation of a broad-based black economic empowerment (BBBEE) transaction at its Impala Rustenburg and Impala Bafokeng assets. The transaction will result in 13% BBBEE ownership at both Impala... →

Implats has concluded a series of agreements, facilitating the implementation of a B-BBEE transaction at its Impala Rustenburg and Impala Bafokeng assets

Employment environment bleak, but there are opportunities for improvement

20th May 2024 The 2024 ‘UASA South African Employment Report’ and second UASA/Bureau of Market Research (BMR) Employment Index paints a bleak picture of the country’s employment situation; however, there are areas of focus that can be pursued to turn this around, including skills development to capitalise on... →

Petra weathers lower diamond prices in latest tender

17th May 2024 Independent diamond miner Petra Diamonds’ sixth tender cycle for the 2024 financial year yielded $44-million from the sale of 371 000 ct. CEO Richard Duffy says like-for-like prices were marginally down through this seasonally quiet period, being 2.6% lower than for Tender 5, with demand... →

CEO Richard Duffy

Thumbs up to newly passed Climate Change Bill

17th May 2024 Industry organisation the Energy Council of South Africa has welcomed the passing of the Climate Change Bill by Parliament on April 25. “The Climate Change Bill is a critical piece of legislation that seeks to enable the development of an effective climate change response and a long-term just... →

Energy Council CEO James Mackay

Afrimat delivers strong full-year results, continuing growth

16th May 2024 During its financial year to February 29, midtier mining and materials company Afrimat invested considerably in projects that are expected to yield fruitful returns and further strengthen diversity and competitive advantage, group CEO Andries van Heerden said. One such project was the Nkomati... →

CEO Andries van Heerden

RMB provides bespoke $100m funding package to Powerfleet

16th May 2024 Financial services provider Rand Merchant Bank (RMB) acted as the sole mandated lead arranger and funder of a $100-million funding package for global telematics business Powerfleet. The entity was created from a merger between Powerfleet and Mix Telematics. The combined business aims to become a... →

Mantashe engages with stakeholders over Lily, Barbrook mines’ reopening

15th May 2024 Mineral Resources and Energy Minister Gwede Mantashe on May 15 held a stakeholder engagement session that deliberated on the plans to reopen the Lily and Barbrook gold mines in Mpumalanga. Attended by stakeholders representing Vantage Goldfields, the Lomshiyo Traditional Council, the business... →

Mineral Resources and Energy Minister Gwede Mantashe

Lotus bolsters its management team

15th May 2024 ASX-listed Lotus Resources has appointed four experienced resource executives to provide the company with additional experience in project development, operations, technical and corporate development, including project financing. Michael da Costa will join Lotus as COO at the end of May. →

Nedbank launches R10m Indalo Fund

15th May 2024 Finance institution Nedbank on May 15 announced the launch of the R10-million Indalo Fund at the Indalo Inclusive Symposium at the Council for Scientific and Industrial Research in Pretoria. The Indalo Fund is designed to change the way entrepreneurs are funded, creating a pipeline of viable... →

Nedbank Corporate Social Responsibility executive head Poovi Pillay

Mining production, sales drop in March

14th May 2024 Mining production decreased by 5.8% year-on-year in March, Statistics South (Stats SA) reports. The largest negative contributors were coal (-9.1% and contributing -2.3 percentage points); manganese ore (-12.2% and contributing -1 percentage point); iron-ore (-6.8% and contributing -0.9 of a... →

Pensana records encouraging testwork results from samples at Angola project

14th May 2024 London-listed Pensana Rare Earths says initial results from beneficiation testwork on samples from the Sulima West deposit at the Coola exploration licence, located 75 km north of Longonjo, in Angola, are “very encouraging”. The testwork is being undertaken to determine whether the mineralogy at... →

Octodec grows interim retail income despite challenging conditions

14th May 2024 JSE-listed real estate investment trust Octodec Investments achieved income growth of 3.1% for the six months ended February 29, largely driven by higher rentals in its residential portfolio. Rental income for the period was just over R1-billion, compared with R974.2-million in the first half of... →

HealthConnect, which is adjacent to the Louis Pasteur Hospital, offering medical suites to doctors and medical specialists, was completed at the end of February, with occupation from March

UJ becomes Project Management Institute’s first academic partner

13th May 2024 The Project Management Institute (PMI) has announced the addition of the University of Johannesburg (UJ) to its list of authorised training partners (ATP). With this, UJ becomes PMI’s first academic ATP in South Africa to offer PMI Construction Professional (PMI-CP) certification training. →

Seifsa, Numsa conclude three-year metals, engineering sector wage agreement

13th May 2024 After three formal engagements, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) and trade union the National Union of Metalworkers of South Africa (Numsa) have concluded the terms of a three-year wage agreement for the metals and engineering sector. The agreement is... →

Goldplat’s third quarter buoyed by strong performance of its Ghanaian operations

13th May 2024 Aim-listed Goldplat’s gold recovery operations in South Africa and Ghana achieved a combined operating profit for the third quarter, ended March 31, of £1.6-million (excluding listing and head office costs and foreign exchange losses), a 10% increase on the operating profit for the third quarter... →

Photo by Creamer Media
The third-quarter performance of the South African operation Goldplat Recovery South Africa continued to be impacted on by a reduction in supply from current mining operations and, to a lesser extent, by electricity supply interruptions

South Africa must create a business-friendly environment to attract foreign investment

13th May 2024 Business organisation Business Leadership South Africa CEO Busiswe Mavuso writes in her latest weekly newsletter that the withdrawal of foreign investment seems to be “dominating” at present. She avers that while foreign investment in South Africa hinges on many factors, including global... →

Business Leadership South Africa CEO Busiswe Mavuso

Nersa approves Sasol Gas’ price application

10th May 2024 The National Energy Regulator of South Africa (Nersa) on April 29 approved Sasol Gas’ application for a maximum price of gas for the period July 1, this year, to June 30, 2025. This results in the maximum price of gas being R84/GJ for end-user customers from July 1 to September 30. →

Hard disk drive demand rebound holds opportunities for platinum – council

10th May 2024 The market for hard disk drives (HDDs) is showing signs of a rebound after almost two years of decline, as the rapid growth in machine learning and AI are driving the need for expanded data storage, industry organisation the World Platinum Investment Council (WPIC) points out, also highlighting... →

Kenmare paid Moz govt $30m in taxes, royalties and fees for 2023

10th May 2024 London-listed Kenmare Resources paid the Mozambique government $30.56-million – made up of $19.8-million, $10.26-million in royalties and $504 000 in fees – in 2023, the company reports in its ‘Payments to Governments 2023’ report. Kenmare operates the Moma titanium minerals mine in northern... →

The Moma titanium minerals mine

Lucara achieves solid quarter at Karowe, underground expansion progressing

10th May 2024 Diamond miner Lucara Diamond Corp’s Karowe diamond mine, in Botswana, delivered another solid operational quarter ended March 31, and the company’s high-value diamond production forecast remains robust, underpinned by its focus on operating practices, CEO and president William Lamb says. Work on... →

Karowe mine

Conference highlights coal mining industry safety milestones, new targets

9th May 2024 The South African coal mining industry has made progress in reaching its goal of zero harm; however, programmes and initiatives must be bolstered to ensure this is achieved and then maintained. This was outlined by speakers during the Coal Safe 2024 conference, held on May 9, at Emperors Palace,... →

Photo by Creamer Media's Donna Slater
DMRE chief inspector of mines David Msiza

JSE undertaking measures to mitigate de-listing, shrinkage

8th May 2024 The JSE is undertaking several initiatives to mitigate de-listings and reduced market capitalisation, chairperson Phuthuma Nhleko said during the entity’s AGM on May 7. Speaking to Engineering News prior to the meeting, consultancy and research provider AmaranthCX director Paul Miller posited... →

Chairperson Phuthuma Nhleko

Kefi progressing Ethiopian gold project towards launch

7th May 2024 Aim-listed Kefi Gold and Copper has reported good progress, to schedule, at its high-grade Tulu Kapi gold project in Ethiopia. The remaining finance syndicate board processes are on track for final (conditional) approvals during May, while project launch preparations have started at Tulu Kapi. →

Panthera restructures ownership of Mali, Nigeria projects

7th May 2024 Aim-listed Panthera Resources has entered into definitive agreements with DFR Gold and Maniger to restructure Panthera’s ownership interests in the Kalaka gold project, in Mali, and the Paimasa, Dagma and Dext gold projects, in Nigeria. Following completion of the restructuring, Panthera will own... →

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Newsletters

Sign up for our FREE daily email newsletter

Receive daily sector news alerts

More

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Subscribe