Tasneem Bulbulia

https://staging1.creamermedia.com/

Tasneem Bulbulia

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

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... →

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... →

Bushveld to dispose of Vanchem asset to SPR, working capital advanced

7th May 2024 Aim-listed Bushveld Minerals has secured additional funding to provide immediate working capital relief and ensure continuity of its operations by entering into a binding term sheet with Southern Point Resources Fund (SPR) to conditionally sell the entire Vanchem vanadium processing plant asset... →

Bushveld CEO Craig Coltman

Kore Potash to list on the A2X

7th May 2024 Mineral exploration and development company Kore Potash will list its shares on South Africa’s A2X Markets, with its shares to be available for trade on the exchange from May 14. It is already listed on the LSE’s Aim market, the JSE and the ASX and these listings will remain unaffected by its... →

Redefine choosing to remain optimistic despite challenging market conditions

6th May 2024 JSE-listed Redefine Properties reported solid results for the six months to February 29, despite prevailing challenging economic conditions in South Africa, including the impact of high interest rates, loadshedding and consumer strain, CEO Andrew König said in a briefing on May 6. He said the... →

CEO Andrew König

Air Products to leverage expertise to bolster South Africa’s hydrogen mobility ecosystem

6th May 2024 Industrial and specialty gas manufacturer and supplier Air Products South Africa is looking to leverage on the group’s global expertise and experience in the hydrogen industry, as well as its technology offering, to play a pivotal role in establishing a sustainable and thriving hydrogen mobility... →

Air Products hydrogen dispensing unit and trailer

Pioneer solution converts paper sludge, food and textile waste into bioethanol

3rd May 2024 A pioneering solution has been developed to convert cellulose fibre-rich waste from pulp and paper mill operations into ethanol using a specialised fermentation process. The solution was announced by the Paper Manufacturers Association of South Africa (Pamsa), in collaboration with Stellenbosch... →

Facility for Infrastructure proposals deadline extended

3rd May 2024 The National Treasury has extended the deadline for submissions to the Budget Facility for Infrastructure (BFI) to May 17 to allow more time for project sponsors to package and submit their proposals. The department earlier published a call for proposals for consideration under the BFI. →

Experts offer suggestions for South African green hydrogen projects to secure financing

3rd May 2024 There is sufficient funding available for South Africa to progress its green hydrogen objectives, however, certain elements need to be addressed for this to materialise. This was outlined by speakers during the ‘Investment opportunities in green hydrogen’ session, during the 2024 Hydrogen Economy... →

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