Chanel de Bruyn

https://staging1.creamermedia.com/

Chanel de Bruyn

Chanel de Bruyn is Creamer Media Senior Deputy Editor Online for Engineering News and Mining Weekly.

Amplats reports 'strong' Q3 performance, remains on track to meet FY guidance

21st October 2021 Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) remains on track to meet its full-year production and sales targets after a strong third-quarter performance. Metal-in-concentrate PGM production was 1.12-million ounces, in line with production in the third quarter of 2020,... →

Kazera to acquire a controlling interest in South African mineral sands company

30th September 2021 Aim-listed investment company Kazera Global will acquire a 60% interest in Whale Head Minerals (WHM), which owns two heavy mineral sands (HMS) opportunities in the Port Nolloth/Alexander Bay area in South Africa's Northern Cape province, from Tectonic Gold for $250 000 in Kazera shares. WHM is... →

DNG welcomes postponement of hearing into Karpowership's RMIPPPP award

9th September 2021 Gas-to-power solutions provider DNG Energy has welcomed the decision of the Hight Court in Pretoria to grant its request for the postponement of an application to have the selection of Karpowership South Africa as a preferred bidder in the Risk Mitigation Independent Power Producer Procurement... →

Enoch Godongwana appointed Finance Minister; water, human settlements Ministries to be split

5th August 2021 In a long-awaited Cabinet reshuffle, President Cyril Ramaphosa on August 5 announced the appointment of Enoch Godongwana as Finance Minister. This follows the resignation of Tito Mboweni. →

Photo by Creamer Media
Enoch Godongwana

Sappi returns to profit in Q3 but expects $16m Ebitda impact from unrest for Q4

5th August 2021 Pulp and paper producer Sappi has posted a profit of $18-million for the quarter ended June 30 – the third quarter of its 2021 financial year – compared with a loss of $73-million recorded in the third quarter of 2020. Earnings a share, excluding special items, were $0.05, compared with a loss a... →

Mkango restores full ownership of Songwe Hill, raises £5.52m

5th August 2021 Aim- and TSX-V-listed Mkango Resources will restore its ownership of the Songwe Hill rare earths project, in Malawi, to 100%, which chairperson Derek Linfield says will strengthen the company's position as a future integrated supplier of rare earths. Mkango and Talaxis, a subsidiary of Noble... →

Govt renews alcohol ban, announces school closures

27th June 2021 Amid a massive resurgence in Covid-19 infections, President Cyril Ramaphosa has announced a renewed ban on the sale of alcohol as the the country moves to an adjusted Alert Level 4 lockdown. In an address to the nation, he said the rapid spread of the Delta variant, which has now been detected in... →

President Cyril Ramaphosa

Botswana delivers another diamond larger than 1 000 ct

22nd June 2021 Diamond miner Lucara Diamond Corp has recovered a 1 174.76 ct diamond from its Karowe mine, in Botswana. It is the third diamond weighing more than 1 000 ct to be recovered from South Lobe of the AK6 kimberlite since 2015. In recent years, Lucara had recovered the 1 758 ct Sewelô and the 1 109 ct... →

Kibo, IGES to develop portfolio of waste-to-energy projects in South Africa

18th May 2021 The share price of JSE- and Aim-listed Kibo Energy rose by more than 7% and 3% on the JSE and LSE, respectively, on May 18, after the company announced that it had entered into an agreement with South Africa-based Industrial Green Solutions (IGES) to jointly develop a series of waste-to-energy... →

Thousands register for job opportunities at NMP's Sandpiper project

18th December 2020 More than 6 000 people have registered for future job opportunities at emerging marine phosphate miner Namibian Marine Phosphate's (NMP's) Sandpiper project, in Namibia. NMP in October launched a job registration drive to enable it to compile a database of prospective job seekers who may be... →

AngloGold says will achieve strong yearly free cash flow performance

18th December 2020 Gold miner AngloGold says it is on track to build on the robust free cash flow of $516-million in the first nine months of the year and is expected to post its strongest annual free cash flow performance in almost a decade. In a year-end update published on December 18, interim CEO Christine... →

AngloGold Ashanti interim CEO Christine Ramon

Consortium launches dashboard to give public insight into Covid-19 spread

15th December 2020 The South African Covid-19 Modelling Consortium (SACMC) has unveiled its new SACMC Epidemic Explorer dashboard to enable the public to explore the Covid-19 epidemic data in South Africa. The open-source platform, which will be updated regularly, analyses the resurgence risk, presents metrics to... →

Pan African appoints juwi South Africa as EPC contractor for R140m Evander solar PV plant

15th December 2020 Gold miner Pan African Resources has entered into an engineering, procurement and construction (EPC) agreement with juwi South Africa to build a 9.975 MW solar photovoltaic (PV) plant at its Evander Mines. Construction on the R140-million solar PV plant will start in the first quarter of 2021,... →

Pan Africa CEO Cobus Loots

Tirupati raises funds

10th December 2020 Specialist graphite and graphene producer Tirupati Graphite has raised £890 000 as part of an offer to retail investors to participate in the company's initial public offering on equal terms to institutional and professional investors. The company’s broker Optiva Securities has also raised an... →

Froneman promotes digital first strategy for mining companies

9th December 2020 Precious metals miner Sibanye-Stillwater has undertaken a digital first approach for the organisation, with considerable value to be unlocked from a capital as well as an environment, social and governance (ESG) perspective, CEO Neal Froneman said, delivering the keynote address at the University... →

Photo by Adobe
Sibanye-Stillwater has undertaken a digital first approach for the organisation

Koeberg Unit 2 returns to service

21st October 2020 Unit 2 of the Koeberg nuclear power station on October 21 successfully completed its twenty-fourth outage since it first started to generate electricity. The unit is synchronised onto the electricity grid and will load up to full capacity by next week, power utility Eskom reports. →

Festival of Motoring postponed to August 2021

26th May 2020 Event organiser Messe Frankfurt South Africa is postponing its Festival of Motoring event to August 2021. The Festival of Motoring, presented by WesBank, is the largest automotive show on the African continent and the only national industry-supported event endorsed by the National Association of... →

Mondelēz to add Cocoa Life symbol to its chocolate products

3rd April 2019 Global snack maker Mondelēz International has announced plans to add the message “Helping Farmers to Grow” on its chocolate products. The company indicated that this means it will not only consider commercial imperatives but also environmental, social and ethical factors when choosing where to... →

Glencore’s DRC settlements should allay fears about asset seizure – analyst

15th June 2018 Diversified miner Glencore’s settlement, this week, of various disputes with entities in the Democratic Republic of Congo (DRC), should allay investor concerns about the risk of a seizure of its DRC assets, says Goldman Sachs. Glencore, led by CEO Ivan Glasenberg, on Friday announced that it had... →

Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Mandate Paper 2018 to set tone for government spending – Radebe

7th September 2017 Government will set a cap on the use of consultants, place limits on what it spends on litigation and penalise departments and State entities for bad governance by withholding transfers and guarantees as part of its plan to reprioritise funding to meet the goals of the National Development Plan... →

Trade surplus falls to R9bn in July

31st August 2017 South Africa's trade surplus slid to R8.99-billion ($688-million) in July from a revised R10.56-billion surplus in June, data from the revenue agency showed on Thursday. Exports fell 8.7% to R93.1-billion on a month-on-month basis in July, while imports were down 8% to R84.1-billion, the South... →

Barclays Africa plans Kenya gold ETF listing early this year

27th February 2017 Barclays Africa Group is preparing to list its NewGold ETF on the Nairobi Securities Exchange after receiving regulatory approval to begin trading the securities. “We expect the listing to take place early this year,’’ Michael Mgwaba, head of exchange traded products at Johannesburg-based... →

Peak Resources sees bright future for Tanzania magnet metals project

31st July 2015 A focus on high-value rare earths and the use of a tailor-made beneficiation process bodes well for Tanzania-focused Peak Resources. The ASX-listed company is developing the Ngualla rare earths project, which contains high-grade neodymium and praseodymium mineralisation. →

Time to file tax returns

30th June 2015 Tax filing season is due to start in less than 12 hours, and although thousands of taxpayers are already prepared, others have not yet given a thought to filing their tax returns when the South African Revenue Service (SARS) opens its eFiling system at midnight on Tuesday. The filing period is... →

Eskom implements stage 1 load-shedding

19th June 2015 Eskom has announced that it will implement stage 1 load-shedding from 17:00 on Friday, which is likely to continue until 22:00 this evening. "This is due to increased electricity demand and a shortage of generation capacity resulting from technical faults at some of our power station units," said... →

Applications open for African entrepreneurship prize

27th February 2015 African entrepreneurs under the age of 22 have until April 15 to submit applications for the fifth Anzisha Prize, which aims to identify Africa’s most exciting young social and business entrepreneurs. →

Glencore's Mopani warns of possible investment cuts, job losses as VAT refunds withheld

1st October 2014 The CEO of Zambia-focused Mopani Copper Mines has warned that the withholding of value-added tax (VAT) refunds due to copper mining companies by the Zambian government, may negatively impact the company’s plans to invest in new projects in the country. The copper and cobalt miner, which is... →

Rand flat but vulnerable to more weak data

17th June 2014 South Africa's rand was largely flat against the dollar on Tuesday but could come under pressure ahead of the Reserve Bank's latest quarterly bulletin, which is expected to show a sizeable widening of the current account deficit. The rand remains vulnerable to negative domestic news after falling... →

Rio Tinto H1 earnings down amid softer commodity prices

8th August 2013 Lower commodity prices in the six months to June 30 contributed to diversified mining giant Rio Tinto reporting lower earnings for the period. The group on Thursday posted a 71% drop in first-half net earnings to $1.72-billion, compared with net earnings of $5.88-billion in the first half of... →

New Cesa CEO aims to strengthen measures to counter corruption

26th July 2013 As the new CEO of Consulting Engineers South Africa (Cesa), Lefadi Makibinyane has made it his primary focus to ensure that the consulting engineering sector delivers quality service and that there is never doubt about the quality of work delivered by Cesa members. He praised his predecessor... →

Photo by Duane Daws
Lefadi Makibinyane: The infrastructure we build must be built with the integrity

New Cesa CEO strives to strengthen measures to counter corruption

12th July 2013 As the new CEO of Consulting Engineers South Africa (Cesa), Lefadi Makibinyane has made it his primary focus to ensure that the consulting engineering sector delivers quality service and that there is never doubt about the quality of work delivered by Cesa members. He praised his predecessor... →

Govt’s effectiveness in stabilising mining sector questioned

28th June 2013 Government had failed to play an effective facilitative role and to create a predictable and stable environment in the local mining industry, Webber Wentzel partner and head of Africa mining and energy projects Peter Leon said during a roundtable discussion on the mining industry, broadcast on... →

Government’s effectiveness in stabilising mining sector questioned

19th June 2013 Government has failed to play an effective facilitative role and to create a predictable and stable environment in the local mining industry, Webber Wentzel partner and head of Africa mining and energy projects Peter Leon said during a roundtable discussion on the mining industry, broadcast on... →

Telkom considering impairment of legacy assets

5th June 2013 Analysts have viewed Telkom’s announcement that its board of directors is considering impairing the carrying value of its legacy network as a positive move. Telkom group CEO Sipho Maseko on Wednesday morning told shareholders in a statement that the decision to impair the carrying value of the... →

Centamin to pursue further opportunities in Ethiopia

29th May 2013 Egypt-focused gold miner Centamin, which is facing ownership challenges at its flagship Sukari mine, could diversify geographically and was considering further opportunities in Ethiopia. Aim-listed exploration and development company Alecto Minerals, which owns the Wayu Boda and Aysid-Metekel... →

DoE to review electricity roadmap once bigger energy plan finalised

14th May 2013 The Department of Energy (DoE) will work towards finalising an Integrated Energy Plan (IEP) for South Africa during the current financial year, Energy Minister Dipuo Peters said on Tuesday. Speaking at a media briefing prior to her Budget Vote speech for the 2013/14 financial year, the Minister... →

Tough trading conditions mute Cashbuild’s revenue growth

9th May 2013 Building materials retailer Cashbuild reported marginal year-on-year revenue growth of 1% during the third quarter of its 2013 financial, as tough trading conditions continued. Nine new stores opened by the company since July 2011, contributed 2% of the increase, while existing stores’... →

Goldplat to start development on third recovery operation by year-end

2nd May 2013 With its two existing gold recovery operations in Africa performing “solidly”, Aim-listed Goldplat was planning to start development on a third such operation by the end of this year. In a statement to shareholders, CEO Russell Lamming said the company’s gold recovery operations in South Africa... →

Botswana Diamonds granted exclusivity period extension

2nd May 2013 Aim-listed Botswana Diamonds has been granted an extension to an agreement, signed in February, providing it with a three-month exclusivity period to review data on 13 licence blocks in the Gope region, in the southwest of the Orapa region of Botswana. In February, the diamond exploration company... →

Gem Diamonds Q1 output down 38% on lower grades

24th April 2013 LSE-listed Gem Diamonds’ output for the first quarter of 2013 fell by 38% to 18 775 ct, compared with the 30 181 ct in the fourth quarter of 2012, mainly owing to the lower quality diamonds mined at the Letšeng mine during the quarter. The average grade recovered in the first quarter of the year... →

Harmony to report lower output for March quarter

8th April 2013 Multi-listed Harmony Gold on Monday warned that its gold output for the quarter ended March 31, 2013, would be about 15% lower than the 291 734 oz produced in the quarter ended December 2012. The temporary closure of Harmony’s Kusasalethu mine due to safety and security reasons, ventilation... →

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