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

ERG secures electricity supply for DRC copper/cobalt operations

1st August 2018 Metalkol, a cobalt and copper tailings reprocessing project and a low-cost hydrometallurgical facility owned by Eurasian Resources Group (ERG), has signed an agreement to secure electricity supply for its operations in the Democratic Republic of the Congo (DRC) for up to ten years. →

RSR says it won’t issue PRASA with safety permit

1st August 2018 The Railway Safety Regulator (RSR) on Wednesday said the Passenger Rail Agency of South Africa (PRASA) was operating trains without a valid safety permit. PRASA’s safety permit, which was previously issued with special conditions, expired at midnight on July 31, and the RSR has taken the decision... →

Drilling progressing well at Arc’s Zamsort project

1st August 2018 An 11 000 m drilling programme currently under way at Aim-listed Arc Minerals’ Kalaba prospect, in Zambia, is progressing well. The prospect is owned by Zamsort, which is developing a copper/gold project. Arc has a 66% interest in Zamsort. →

Cradle Arc buys back convertible loan notes

1st August 2018 Aim-listed Cradle Arc plans to redeem all of its £1.28-million outstanding convertible loan notes for £1.59-million in cash, by way of staged and back-end weighted payments up to their scheduled maturity date of December 31. Funding for such redemption, alongside additional working capital for... →

Report shows Cape Town is Africa’s tech capital

31st July 2018 A report commissioned by the Cape Innovation and Technology Initiative (CiTi), Wesgro and the Allan Gray Orbis Foundation – with the support of the Western Cape government – has confirmed that the greater Cape Town area, including Stellenbosch, is Africa’s tech capital. The report, compiled by... →

Altron founder retires from board

31st July 2018 Allied Electronics (Altron) founder Dr Bill Venter, will retire as nonexecutive director of the board, effective July 31. The board on Tuesday thanked Venter for the important and central role he played in the development of the South African electronics industry and the South African economy as... →

Huge Telecom appoints new FD

31st July 2018 Robert Burger has been appointed FD of JSE-listed Huge Group subsidiary, Huge Telecom, effective August 1. He is a chartered accountant with 17 years of experience in the telecommunications industry, which he gained while working for Vodacom. →

Gold Fields completes acquisition of stake in Asanko mine

31st July 2018 JSE-listed Gold Fields has completed a joint venture (JV) transaction with Asanko Gold, giving it a 50% stake in Asanko’s 90% interest in the Asanko gold mine, in Ghana. “The closing of the transaction with Asanko gives us exposure to a great camp, with long-life, low-cost production, with... →

Sulphides intersected at Orion’s Rok Optel nickel/copper prospect

30th July 2018 Semi-massive and injected-stringer sulphide veins have been intersected at Orion Minerals’ Rok Optel nickel/copper prospect, in the Areachap Belt, in the Northern Cape. The company noted in a release on Monday that the intersections achieved provide strong geological proof of concept for Orion’s... →

Equinox shareholders approve Solaris Copper spinout

27th July 2018 Equinox Gold shareholders have voted in favour of a plan of arrangement for Equinox to transfer all of its copper assets into a newly incorporated company called Solaris Copper. The company will now seek approval for the plan of arrangement from the Supreme Court of British Columbia. →

Zambia remains a fast growing refined copper producer

27th July 2018 Zambia remains one of the fastest-growing reﬁned copper producers in the world, backed by strong domestic smelting capacity, rising mining output and ongoing government support, says BMI Research. Zambia will remain a regional leader and an important global player in reﬁned copper production... →

Cairns Group Farm Leaders disappointed at new US agricultural subsidies

27th July 2018 The Cairns Group Farm Leaders, which comprises a group of farm organisations from various agricultural exporting countries, including South Africa, have expressed concern about the US administration’s announcement that it will provide $12-billion to support US farmers impacted by tariffs imposed... →

enX appoints new CFO

27th July 2018 Jarrod Friedman has been appointed CFO and executive director of enX Group, effective September 1. Friedman served as CFO of enX from April 2013 to April 2016, following which he was appointed to 3G Mobile as group CFO until its recent sale to Blue Label Telecoms. →

Sibanye in $500m streaming deal with Wheaton

27th July 2018 JSE-listed Sibanye-Stillwater has raised $500-million in a streaming deal with Wheaton Precious Metals International. The agreement provides Sibanye-Stillwater with a long-term funding instrument that is linked to the operational performance of its US platinum-group metals operations, namely the... →

URU continues with exploration at Limpopo project

27th July 2018 The successful completion of a two-stage six-hole drill programme completed in 2017 on URU Metals’ Limpopo-based Zebediela nickel/platinum group element (PGE) project has resulted in mineralised intersections that exceeded the company's expectations. The company said in an update on Wednesday... →

Necsa, Rosatom subsidiary partner on nuclear medicine

26th July 2018 The South African Nuclear Energy Corporation (Necsa) and Rusatom Healthcare, the healthcare division of Russian State-owned nuclear corporation Rosatom, on Thursday 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 – Savca

26th July 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... →

RBPlat expects to report narrowed H1 losses

26th July 2018 JSE-listed Royal Bafokeng Platinum (RBPlat) expects to report a loss a share of between 10.5c and 13.5c for the six months ended June 30, compared with a loss a share of 15c reported for the first half of 2017. Its headline loss a share is, meanwhile, expected to be between 4.5c and 7.5c,... →

Eastplats continues to oppose litigation; VP of South African operations resigns

26th July 2018 Anton Lubbe has resigned as VP of Eastern Platinum’s (Eastplats’) South African operations, effective August 31. The company said in a corporate update on Thursday that it would reorganise his duties between CEO Diana Hu, COO Andrea Zhang, and through the →

Harmony’s Hidden Valley mine reaches commercial production

26th July 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... →

AECI achieves strong H1 performance

25th July 2018 JSE-listed AECI on Wednesday reported positive financial results for the six months ended June 30. Together with contributions from the acquisitions of Schirm and Much Asphalt in February and April respectively, AECI increased its revenue by 24% to R10.47-billion and profit from operations by 35%... →

Transnet signs manganese capacity allocation contract with Assmang

25th July 2018 State-owned Transnet has signed a seven-and-a-half-year Manganese Export Capacity Allocation (MECA2) contract with Assmang as part of its strategy to secure 95% of manganese volumes on rail. The contract, which will see the transportation of export manganese from pit to port, offers Assmang, the... →

Minerals Council to launch national safety and health day campaign

25th July 2018 In light of the growing number of fatalities in South African mines, the Minerals Council South Africa plans to launch a national campaign of Safety and Health Days in Mining, in mid-August. The Minerals Council on Wednesday said its board is deeply disappointed, concerned and saddened by the... →

Photo by Creamer Media
Minerals Council president Mxolisi Mgojo

USAID launches water project to benefit Southern African communities

25th July 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... →

SA, Russia recommit to implementation of PGMs MoU

24th July 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 officially launches Zimbabwe platinum project

24th July 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... →

Norilsk says will continue litigation against Botswana govt

24th July 2018 Russian nickel producer Norilsk Nickel on Tuesday said it would continue with the litigation against the Botswana government over the Nkomati and Tati facilities to recover around $277-million it says is owed to it by State-owned BCL. Norilsk alleges that BCL failed to make a payment under an... →

BMI raises thermal coal price forecast to $100/t

24th July 2018 BMI has increased its thermal coal price forecast for this year to $100/t from $85/t previously as a result of tight supply from exporting countries and higher demand on the back of hot weather in importing countries. The research company said in a statement on Tuesday that Newcastle coal prices... →

Sars postpones deadline for mandatory advance reporting of containerised cargo headed to South Africa

24th July 2018 The South African Revenue Service (Sars) has postponed the introduction of mandatory advance reporting of containerised cargo destined for South African ports to November 1, from the previously set implementation date of August 1. “A Sars survey found that while certain categories, such as... →

Galileo to continue with drill programme at Star Zinc project

23rd July 2018 Aim-listed Galileo Resources will continue with a drilling programme at its 85%-owned Zambia-based Star Zinc project, after a positive study of the project was completed by Earthmaps Consulting. →

Keras Resources to undertake $1.5m test programme at Togo project

23rd July 2018 Aim-listed Keras Resources has been granted permission to undertake a $1.5-million bulk sampling metallurgical test work programme at its Nayega manganese project, in northern Togo. The company on Monday said this included the processing of 10 000 t of beneficiated manganese ore by a major... →

China–South Africa investment continues to grow

23rd July 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... →

Components firm invests heavily in skills to meet global production standards

20th July 2018 India-based automotive component manufacturer KLT Automotive and Tubular Products South Africa plans to add 1 000 people to its 900-strong work force in the next eight years. The company has a major contract with the Ford Motor Company of Southern Africa (FMCSA) for the Ford Ranger, and... →

Gauteng moves to identify land for expropriation sans compensation

20th July 2018 The Department of Human Settlements has budgeted more than R650-million to prepare identified portions of land in Gauteng for expropriation without compensation. Human Settlements MEC Dikgang Uhuru Moiloa said on Monday that the province’s rapid land release programme, launched in May, would... →

URU continues with exploration at Limpopo project

18th July 2018 The successful completion of a two-stage six-hole drill programme completed in 2017 on URU Metals’ Limpopo-based Zebediela nickel/platinum group element (PGE) project has resulted in mineralised intersections that exceeded the company's expectations. The company said in an update on Wednesday... →

Shanta continues drilling programme in Tanzania

18th July 2018 Aim-listed Shanta Gold has drilled four new high-grade intersections as part of the Phase 1 drilling campaign at its Tanzania-based Bauhinia Creek East underground mine. The new high-grade intersections are situated at depth and to the east of the historical exploration drill hole CSD063,... →

Vukile raises R1.63bn, acquires new properties in Spain

18th July 2018 JSE-listed Vukile Property Fund, which is expanding its presence in Spain, has raised about R1.63-billion through the issue of new shares. Of the total, R1.38-billion was raised through an accelerated bookbuild process that was open to selected investors. →

Calgro M3 expands Memorial Parks business

18th July 2018 JSE-listed property and property related investment holding company Calgro M3 has expanded its Memorial Parks business to two more provinces – the Western Cape and the Free State. This increases the number of memorial parks owned and managed by the group to five, with further plans to acquire... →

Globeleq acquires Brookfield’s South African renewables portfolio

18th July 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... →

Africa’s energy industry facing disruption

17th July 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... →

Sibanye enters into $500m streaming deal with Wheaton International

16th July 2018 JSE-listed Sibanye-Stillwater has raised $500-million in a streaming deal with Wheaton Precious Metals International. The agreement provides Sibanye-Stillwater with a long-term funding instrument that is linked to the operational performance of its US platinum-group metals operations, namely the... →

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