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Idéle Esterhuizen

Idéle Esterhuizen

Russia to connect new nuclear plant to grid in 2016

27th June 2013 Russia will produce the first power from its new Leningrad Phase 2 nuclear power plant, west of St Petersburg, in 2015 and will connect the 70-billion rubles plant to the grid in 2016, plant manager Yuri Galanchuk said on Wednesday. “The project has only gone 10% over its budget and about 70% of... 

Nuclear power development in SA will boost job creation

27th June 2013 Developing nuclear energy in South Arica would aid in alleviating the country’s substantial unemployment rate, Russia’s State-owned nuclear company Rosatom deputy director-general Kirill Komorov told Engineering News Online on Wednesday. He said for every direct nuclear job created, about seven... 

DiamondCorp completes modifications to Lace processing plant

24th June 2013 Southern African diamond development and exploration company DiamondCorp on Monday said it had completed the required modifications to the 1.2-million-ton-a-year processing plant at its Lace mine, in the Free State, to allow for the seamless transition from treatment of the tailings to the... 

Thabex to delist from JSE on July 9

21st June 2013 Diamond company Thabex on Friday reported that would withdraw its appeal against the JSE’s decision to terminate its listing on the bourse. The company’s listing would be terminated from the start of business on July 9. The day to trade would be June 28 and the record date would be July 5. 

Richland optimistic Tanzania will tackle illegal mining

21st June 2013 The Tanzania Ministry of Energy and Minerals has awarded gemstone producer Richland Resources’ wholly owned subsidiary, TanzaniteOne, a new mining licence for its tanzanite mining operations in the country. TanzaniteOne holds the new licence on a 50:50 basis with publicly held Stamico, following... 

PLA shareholders to vote on proposed acquisition by Jubilee on July 30

21st June 2013 JSE- and Aim-listed Jubilee Platinum on Friday said the Federal Court of Australia had, at a court hearing on June 20, given orders for Platinum Australia (PLA) to hold a shareholder meeting to consider and vote on the implementation of Jubilee’s proposed acquisition of PLA. At the hearing, the... 

World Coal Association to recognise innovation, safety achievements

21st June 2013 The World Coal Association (WCA) on Thursday launched its inaugural Leadership and Excellence Awards Programme and said it would name the first award winners of the yearly series at its International Coal and Climate Summit, in Poland, in November. The programme was aimed at recognising... 

Call made for better private, public balance in SA air transport sector

21st June 2013 The future of a competitive domestic air transport market in South Africa lay in establishing a balance between the market shares of public and private players, as the risk of a State-subsidised monopoly was emerging, aviation consultant Dr Joachim Vermooten argued at the most recent Transport... 

SA most integrated economy in Africa, Visa study shows

21st June 2013 A new study by global payments technology company Visa has placed South Africa first among 11 African countries in terms of economic integration. The first Visa Africa Integration Index, which was launched in early June, measures the degree of economic integration within key trade corridors of... 

Transnet, NBF launch joint Africa infrastructure desk

21st June 2013 State-owned enterprise Transnet and the New Partnership for Africa's Development (Nepad) Business Foundation (NBF) on Tuesday launched the Africa Infrastructure Desk (Afri-ID) research, linkage and relationship platform, in Johannesburg. The platform is expected to have a meaningful impact on... 

Fraser Alexander, Miwatek launch new AMD treatment solution

21st June 2013 JOHANNESBURG (miningweekly.com) - Mining solutions company Fraser Alexander and water treatment company Mine Water Treatment Technologies (Miwatek) on Tuesday launched their acid mine drainage (AMD) treatment solution, in Randfontein, west of Johannesburg. Unlike traditional AMD treatment... 

Royal Haskoning DHV, VEI to build €2.2m Maputo water distribution system

20th June 2013 Consulting and engineering services provider Royal HaskoningDHV and Dutch water utility Vitens Evides International (VEI) will develop a €2.2-million water distribution system for the northern parts of Mozambique’s capital, Maputo. The water distribution system would supply safe drinking water to... 

Lack of individual property rights holding back economic growth

20th June 2013 South Africa’s slow economic growth, compared with other African countries, and its high poverty rate could be attributed to its lacking individual property rights, Free Market Foundation executive director Leon Louw said Thursday. “South Africa is moving in the opposite direction to other... 

Assmang completes DFS for Malaysia manganese smelting facility

19th June 2013 Diversified miner African Rainbow Minerals (ARM) on Wednesday reported that mining group Assmang, which it jointly controlled with Assore, had completed a definitive feasibility study to establish the financial viability of a manganese alloy smelting facility in Malaysia. Assmang, in... 

PhokaThaba agrees to R3.5m settlement with JIC

19th June 2013 JSE- and Aim-listed Jubilee Platinum on Wednesday said the liquidation application by Westdawn Investments, trading as JIC Mining Services, against Platinum Australia (PLA) subsidiary PhokaThaba had been set aside, with PhokaThaba agreeing to pay a settlement amount of R3.5-million to JIC within... 

Murray & Roberts reaches settlement agreement with Comp Com

19th June 2013 Construction group Murray & Roberts on Wednesday said it had entered into a settlement agreement with the Competition Commission regarding the commission’s fast-track settlement investigations into historical anticompetitive practices in the construction industry. The fast-track process was... 

Collective effort needed to bridge Africa’s refining gap

19th June 2013 A regional effort was needed to overcome the disconnect between Africa’s gas and oil production and its refining capacity, PricewaterhouseCoopers (PwC) Africa oil and gas advisory leader Chris Bredenhann said on Wednesday. Citing South Africa’s Project Mthombo – a planned 400 000-bl/d crude-oil... 

Harmony Gold warns of possible Hidden Valley impairment

18th June 2013 JSE- and NYSE-listed gold producer Harmony Gold on Tuesday said it was compiling its 2014 financial year business plans, adding that early indications were that there would be a write-down of a portion of the carrying value of its Hidden Valley mine, in Papua New Guinea. The miner indicated that... 

SA platinum industry could shed 145 500 jobs by 2015

18th June 2013 South Africa’s embattled platinum industry is at risk of losing 145 500 jobs by 2015, an analyst from Nomura said on Tuesday. Assuming a breakeven platinum price of $1 500/oz for 2014 and 2015, Peter Attard-Montalto said in a report that about 24 000 jobs would be at risk next year, growing to... 

SA’s engineering science graduates increasing, but still below target – Nzimande

18th June 2013 The number of engineering science graduates in South Africa has increased from 8 424 in 2009, to 9 387 in 2011, below the target of 10 093, Higher Education and Training Minister Dr Blade Nzimande said in response to a parliamentary question from Gauteng delegate to the National Council of... 

Baobab presents 2Mt/y model for Mozambique pig iron project

18th June 2013 London-listed junior Baobab Resources could significantly scale up its pig iron and ferro-vanadium project, in the Tete province, with an increased production scenario studying a two-million-tonne-a-year operation. The new model returned pretax net present value (NPV) of $2.4-billion, a pretax... 

AfDB, MIAF collaborate to tackle Africa’s infrastructure challenges

14th June 2013 The African Development Bank (AfDB) first VP and COO Emmanuel Mbi, and Made in Africa Foundation (MIAF) CEO Chris Cleverly have signed a key memorandum of understanding (MoU) to tackle Africa’s infrastructure deficit and unlock its economic potential. The organisations recognised that dealing... 

Firestone board shake-up as Perkins and other directors resign

14th June 2013 Coal developer Firestone Energy on Friday announced several board changes, including the resignation of deputy chairperson David Perkins. Perkins was appointed to the board in January 2011. 

Greenpeace Africa launches 10 kWp rooftop solar system

14th June 2013 Earlier this month, Greenpeace Africa started up a new 10 kWp rooftop solar photovoltaic panel installation at its Johannesburg office, which the organisation’s climate and energy campaigner Ruth Mhlanga said proved the feasibility of renewable energy in South Africa. 

Engineering positions still most difficult to fill – survey

14th June 2013 Engineering positions were still the most difficult for companies to fill, Manpower Group South Africa’s Talent Shortage Survey 2013 has shown. Although drivers and skilled trades were second and third in 2012, management positions and teachers had taken these spots this year. 

SA mining still central to global industry growth – PwC

14th June 2013 JOHANNESBURG (miningweekly.com) – Notwithstanding the current turbulent nature of the South African mining sector, it would continue to play a significant role in the future growth of the global mining industry, PricewaterhouseCoopers (PwC) mining industry leader for Africa Hein Boegman said on... 

Goldplat shuts Kenya mine as it completes strategic review

14th June 2013 JOHANNESBURG (miningweekly.com) – Aim-listed gold producer Goldplat on Tuesday said it had placed its Kilimapesa gold mine (KGM), in Kenya, on care and maintenance until the project’s economics could justify its reopening. The Africa-focussed miner said in a statement that the closure of the... 

AMCU postpones Lonmin strike action pending meeting with Deputy President

13th June 2013 The world's third-largest platinum producer Lonmin on Thursday said it was committed to concluding a new recognition agreement with the Association of Mineworkers and Construction Union (AMCU), while the union said it had decided to postpone issuing a strike notice to the platinum miner, pending... 

M&R Cementation wins ARM-Vale Zambia contract

13th June 2013 Murray & Roberts Cementation has been awarded a contract for trackless, high-speed development at the Lubambe copper mine, in Zambia, which South Africa's African Rainbow Minerals jointly owns with Brazil’s Vale and Zambia Consolidated Copper. The project was scheduled to extend to January 2014,... 

MBC’s new acquisition a boost for SA vessel ownership

13th June 2013 Black-empowered shipping company Marine Bulk Carriers (MBC) and its partners have placed a R300-million order for a new anchor-handling tug and supply vessel, purpose-built for South African conditions. The company stated that the order was in response to the South African government’s call to... 

Itac to make final decision on chicken meat imports in July

12th June 2013 The International Trade Administration Commission of South Africa (Itac) said it would make a final determination regarding the South African Poultry Association’s (Sapa’s) application for increased import duties on chicken meat at its next meeting on July 9. This was the outcome of a meeting on... 

Keaton CEO concerned about Vaalkrantz wage talks

12th June 2013 JSE-listed Keaton Energy CEO Mandi Glad expressed her concern over possible labour unrest at the company’s Vaalkrantz anthracite colliery, in KwaZulu-Natal, citing wage negotiations with the National Union of Mineworkers (NUM) and the Association of Mineworkers and Construction Union. “Vaalkrantz... 

Fraser Alexander, Miwatek launch new AMD treatment technology

11th June 2013 JOHANNESBURG (miningweekly.com) - Mining solutions company Fraser Alexander and water treatment company Mine Water Treatment Technologies (Miwatek) on Tuesday launched their acid mine drainage (AMD) treatment solution, in Randfontein, west of Johannesburg. Unlike traditional AMD treatment... 

Platinum Group Metals’ exploration progressing well

10th June 2013 Toronto- and New York-listed Platinum Group Metals on Monday said that Hole WB-99, at its South African joint venture project with Japan Oil, Gas and Metals National Corporation (Jogmec), had intersected 25.5 m of the T2-layer grading 6.4 g/t 3E over a core length of 25.5 m at a depth of 681 m to... 

Nersa calls on all municipalities to submit tariff increase applications

10th June 2013 The National Energy Regulator of South Africa (Nersa) on Monday called on 12 of the country’s municipalities, which have yet to apply for a tariff increase for implementation on July 1, to submit their applications as soon as possible. The deadline for submissions had been June 6. 

Gemfields in talks with Zambia over Singapore gem sale

10th June 2013 Aim-listed Gemfields said on Monday that it was in discussions with the Zambian Mines Ministry over the auctioning of emeralds outside the country. The company had to postpone its June 10 to 14 emerald auction in Singapore, pending clarification from the Zambian Ministry of Mines, Energy and... 

SAA one of six airlines to get IATA environment stamp

10th June 2013 National carrier South African Airways (SAA) has become one of the first airlines in Africa and one of six in the world to achieve International Air Transport Association (IATA) environmental assessment stage one status. SAA spokesperson Tlali Tlali said in a statement that the aim behind the... 

Poultry association warns meat imports will lead to job losses, importers disagree

7th June 2013 The South African Poultry Association (Sapa) on Friday warned that up to 20 000 jobs could be lost in the domestic poultry industry, as producers would have to resort to retrenchments to mitigate the impact of operational challenges caused by a flood of low-quality chicken imports from Brazil and... 

Afrimat raises Infrasors minority buyout offer

7th June 2013 JSE-listed materials supplier Afrimat on Thursday increased its offer to the minority shareholders of resources group Infrasors from 35c a share to 65c a share to acquire their stake in the company. This was a premium to the current trading price of Infrasors of about 60c and was the same price... 

CRG reports strong production for first four months of 2013

7th June 2013 LSE- and JSE-listed gold miner Central Rand Gold (CRG) on Friday reported total mining production of 83 597 t for the first four months of the year, against a target of 83 604 t. The overall mined grade was 3.25 g/t, marginally lower than 3.92 g/t in 2012. CRG noted, however, that the drop in... 

IFC sees great potential for growth of energy services firms in SA

7th June 2013 The energy services company (ESCO) business model had strong potential in South Africa, International Finance Corporation (IFC) regional sustainability and climate business specialist Tibor Kludovácz said at the inaugural International ESCO Finance Conference held in Sandton recently. Although... 

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