Natalie Greve

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Natalie Greve

Natalie Greve is Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: natalie@engineeringnews.co.za

Jubilee concludes Pollux deal with issuance of 1.51m shares

8th December 2015 Concluding its acquisition of Pollux Investment Holdings from Lipsoset Proprietary, mines-to-metals company Jubilee Platinum has made the third and final tranche payment of R1-million through the issuance of 1.51-million shares at a price of 3.06p apiece. Pollux held the exclusive rights to... →

October manufacturing output narrows 2.1% y/y

8th December 2015 Manufacturing production contracted by 2.1% year-on-year, or 1.7% month-on-month, in October, with the largest negative contribution made by basic iron and steel, nonferrous metal products, metal products and machinery, which slumped 10.3% year-on-year, as well as the motor vehicles, parts and... →

GE kicks off local production of Transnet locomotives

8th December 2015 Digital industrial group GE has started production of the 233 GE Evolution Series locomotives it has been contracted to supply to State-owned Transnet Freight Rail (TFR) as part of its acquisition of 1 064 electric and diesel locomotives from four original-equipment manufacturers. The R50-billion... →

First wind turbine erected at R1.9bn Noupoort wind farm

8th December 2015 The first of a planned 35 wind turbines has been erected at the R1.9-billion, 305 000 MWh/y Noupoort wind farm, in the Northern Cape, marking a pivotal point in the farm’s development and preceding the imminent energisation of the substation. The turbines, which were 100 m tall to allow for... →

S African container exports feel impact of commodity price slump

8th December 2015 The economic slowdown in China and the slump in commodity prices has impacted container trade in South Africa, with the dry exports market – comprised primarily of mining commodities – declining by 2% year-on-year in October and by 4% over the last quarter, the third-quarter Maersk Trade Report... →

Power supply under threat following loss of 220 MW, Eskom warns

8th December 2015 Energy utility Eskom has warned of a tight electricity system and possible load-shedding following the loss of 220 MW of power imports from Mozambique as a result of a technical fault on one of the eight converters at the Apollo substation, in Midrand. Early investigations had indicated that the... →

ICT player Pinnacle snaps up majority stake in PV business

8th December 2015 To secure another pillar of business in a rapidly growing market, South Africa’s largest information and communication technology (ICT) products and services distributor Pinnacle Holdings has acquired a majority stake in solar power solutions company and solar photovoltaic (PV) specialist... →

Proposed Rwandan office development awarded 6-star green rating

8th December 2015 Marking the first Rwanda-based development to achieve the highest certification in green building standards, the proposed 19-storey Nobelia Office Tower, in Kigali, has been awarded a 6-Star Green Star building rating by the Green Building Council of Rwanda. This followed the completion of the... →

S Africa’s intl research ties strengthened through involvement in FP7

7th December 2015 A study of the impacts of South Africa’s participation in the Seventh Framework Programme for Research and Technological Development (FP7) of the European Union (EU) has found it to have strengthened the country’s integration into international research networks, enhancing bilateral cooperation... →

Drilling at PTM’s Waterberg play confirms mineralisation continuity

7th December 2015 Drilling at dual-listed Platinum Group Metals’ (PTM’s) Waterberg project, in the North West, has demonstrated good continuity in the near-surface Super F zones, extending the Northern Super F zone up dip nearer to surface, the company said in an update on Friday. Drilling results included an... →

Hudbay CEO resigns to head up Goldcorp

7th December 2015 Copper and zinc miner Hudbay Minerals CEO and president David Garofalo has resigned, following his appointment as president and CEO of fellow miner Goldcorp. Hudbay has appointed COO Alan Hair to succeed Garofalo as president and CEO, effective January 1, 2016. →

Orezone gets bourse nod to move to TSX-V

4th December 2015 Toronto-listed Orezone Gold Corporation has been conditionally approved to voluntarily move its current common share listing on the TSX to a Tier-1 listing on the TSX-V. The listing change would allow the company to reduce its future general and administration costs, given the different... →

Futurist advocates for ‘strategic foresight’ in corporate planning

4th December 2015 United Nations Educational, Scientific and Cultural Organisation chair in futures studies Professor Sohail Inayatullah has touted the adoption of “transformative and strategic foresight” by companies in future scenario planning, telling a workshop that this approach creates flexibility in... →

Sohail Inayatullah

Banks offer up R12bn in Transnet deal as parastatal eyes R500bn spend over coming decade

4th December 2015 Boosting the coffers earmarked for its ambitious locomotive fleet acquisition programme, State-owned logistics group Transnet has announced the successful conclusion of a R12-billion club loan with five of the country’s major financial institutions, ratifying what the parastatal described as... →

Exxaro likely to move more coal in 2015 financial year, cuts expansion capex

4th December 2015 Coal and heavy minerals miner Exxaro expects coal production and sales volumes for the 2015 financial year to top that of the prior 12 months, noting in a market update this week that the scheduled ramp-up of the Medupi power station and the inclusion of coal output from Exxaro Coal Central (ECC)... →

100Mt-plus copper resource defined at Botswana copper, silver play

4th December 2015 A recent drilling campaign on the Zone 5 deposit at Cupric Canyon Capital subsidiary Khoemacau Copper Mining, in Botswana, has defined a 100-million-ton high-grade copper and silver ore resource, the company said on Tuesday. “This most recent drilling and feasibility work has established Zone 5... →

New Gold Resource claim doubles Gold Mesa prospect

3rd December 2015 Adding to the company's Nevada Mining Unit exploration potential, gold and silver miner Gold Resource Corporation has staked additional claims that more than double the Gold Mesa gold-bearing property, in Nevada, which now comprises 4 580 acres. The company said in a statement on Thursday that it... →

Caledonia lifts Blanket mine resource, reserve

3rd December 2015 Based on the results of a six-month diamond core drilling programme, London-listed Caledonia Mining has added 222 000 t of new inventory to the indicated resource category at its 49%-owned Blanket mine, in Zimbabwe, as well as a further 283 000 t to the inferred resource category. The combined... →

Payment of Kibo’s placing proceeds again delayed

3rd December 2015 Hume Capital Securities has informed Tanzania-focused mineral explorer Kibo Mining that the payment of the final proceeds from Kibo’s February placing will be further delayed by up to two months from November 27. This followed a previous notice issued by Hume in August that client monies would be... →

Central, West Africa a hotbed of infrastructure growth, report finds

3rd December 2015 A study into infrastructure development in Africa has pointed to the emergence of Central and North Africa as megaproject hotspots, with 301 transport, energy and power, water and mining projects – denoting investment of $375.4-billion – currently under way on the continent. Drawing from the... →

Rambler lifts q/q copper concentrate output 33%

2nd December 2015 Copper and gold miner Rambler Metals and Mining has lifted copper concentrate production from its Ming copper and gold mine, in Newfoundland and Labrador, by 33% quarter-on-quarter, delivering 4 788 t of concentrate in the three months ended October 31. The concentrate contained 1 272 t of copper... →

S Africa still holds own in intl tax ratings

2nd December 2015 South Africa continues to hold its own against its international peers in terms of its tax regime and culture, emerging twentieth overall out of 189 economies polled as part of professional services firm PwC and the World Bank’s ‘Paying Taxes: 2016’ report. While this represented a one-position... →

Services, not manufacturing, Africa’s silver growth bullet, author claims

1st December 2015 While a resurgence in manufacturing in Africa has been popularly touted as the silver bullet that will accelerate the continent’s economic growth prospects, The Economist management editor and columnist Adrian Wooldridge has suggested that Africa’s industrial renaissance may well be scuppered by... →

Enviro review of prospective Donlin gold project up for public scrutiny

1st December 2015 Marking a significant permitting milestone in the progress of the Donlin gold project, in Alaska, towards production, the US Army Corps of Engineers (Corps) has published the project’s draft environmental-impact statement (DEIS), opening the process up for public comment. Operator Donlin Gold was... →

PEA shows strong economics at US graphite project

1st December 2015 A preliminary economic assessment (PEA) of Alabama Graphite Corporation’s (AGC’s) flagship Coosa graphite project, in the US, has demonstrated strong economics and “excellent” potential for the project to become a near-term producer of high-value, ultrahigh-purity speciality graphite products for... →

KZN-based intermodal transport hub Bridge City takes shape

30th November 2015 Agriculture and agroprocessing group Tongaat Hulett continues to advance the Bridge City development, north of Durban, with half of the sites within the Bridge City Town Centre having been sold and only four sites still available in the 17 ha Bridge City Business Estate. Developed as the second... →

Ansys H1 earnings rally 333% on back of technology acquisition

30th November 2015 The June addition of technology investment group Parsec Holdings to the Ansys stable has invigorated the niche technology-driven engineering group’s interim performance, precipitating a 93% uptick in revenue to R155.1-million and a 333% improvement in earnings before interest, taxes, depreciation... →

Teddy Daka

JSE punts local equity market to Asian funders ahead of China, Africa talks

27th November 2015 A week ahead of the second annual gathering of the Forum on China–Africa Cooperation (Focac), in Johannesburg, the JSE is rolling out the proverbial red carpet for Chinese investors looking to Africa’s largest bourse for possible investment opportunities, calling attention to South Africa’s... →

PPP sees opening of air-conditioning, refrigeration academy at TVET college

27th November 2015 A public–private partnership (PPP) between electronics manufacturer Samsung Electronics, the Manufacturing, Engineering and Related Services Sector Education and Training Authority (Merseta) and the Department of Higher Education and Training is hoping to plug the skills gap in the technical... →

Existing building performance rating increasing in popularity – GBCSA

27th November 2015 While initially targeting sustainability and energy efficiency in new constructs, the Green Building Council of South Africa (GBCSA) says it is now observing an accelerated uptake in the retrofitment of existing buildings, with energy efficiency and sustainability considerations no longer... →

SA technologies emerging in response to energy challenges

27th November 2015 As South Africa continues to battle electricity shortages, the threat of load-shedding and imposed load curtailment on large industrial users, the country’s research and development fraternity is increasingly making the case for the development of home-grown mitigation and energy efficiency... →

Eskom aims to support small energy services firms

27th November 2015 The Energy Services Companies (Esco) model funding programme remains integral to efforts by energy utility Eskom to promote the retrofitment and replacement of energy-intensive technologies with energy-efficient technology solutions, despite recent funding cuts to the parastatal’s overarching... →

Keaton swings to first-half loss as troubled Vaalkrantz asset weighs on profits

27th November 2015 While consistent year-on-year output from thermal coal producer Keaton Energy’s stalwart Vanggatfontein operation bolstered the junior’s productive performance in the first six months of the financial year, it was unable to offset a disappointing showing by the company’s Vaalkrantz asset, which... →

Obama signs revolutionary Asteroid exploration Bill into US law

26th November 2015 US President Barack Obama has signed into law a pioneering new Act that recognises the right of US citizens to own asteroid resources they obtain and that encourages the commercial exploration and use of resources from asteroids, providing a legislative blueprint that will guide asteroid... →

Defiant McEwen fails to meet NYSE share price threshold

26th November 2015 Growing gold and silver producer McEwen Mining’s plans to regain compliance with the NYSE’s minimum share price requirement have been scuppered, with the company failing to meet the bourse’s requirement that the average closing price of a listed company's stock remain above $1 a share over a... →

Tsogo Sun named top JSE performer for integrated reporting

25th November 2015 Hospitality group Tsogo Sun has been awarded top honours at auditing, accounting and advisory firm Nkonki’s Top 100 JSE Listed Companies Integrated Reporting Awards 2015, receiving recognition for its delivery of the most transparent, complete, consistent and concise yearly integrated report of... →

100Mt-plus copper resource defined at Botswana copper, silver play

24th November 2015 A recent drilling campaign on the Zone 5 deposit at Cupric Canyon Capital subsidiary Khoemacau Copper Mining, in Botswana, has defined a 100-million-ton high-grade copper and silver ore resource, the company said on Tuesday. “This most recent drilling and feasibility work has established Zone 5... →

Recognition of water as a critical commodity central to its protection, panel hears

24th November 2015 As South Africa battles water restrictions precipitated by the El Niño phenomenon, aged infrastructure, above-average temperatures, below-average rainfall and climate change, industry stakeholders have called for a collaborative water stewardship approach that will look to protect dwindling water... →

enX boosts FY revenues 51% on fuel business addition

23rd November 2015 Industrial energy and supplies group enX has raised revenues by 51% to R883-million for year ended August 31, citing healthy divisional growth and a strong performance by the new fuel segment, which contributed nearly a quarter of group revenues. Adjusted earnings before interest, taxes,... →

Banks offer up R12bn in Transnet deal as parastatal eyes R500bn spend over coming decade

23rd November 2015 Boosting the coffers earmarked for its ambitious locomotive fleet acquisition programme, State-owned logistics group Transnet has announced the successful conclusion of a R12-billion club loan with five of the country’s major financial institutions, ratifying what the parastatal described as... →

Home Affairs announces five-day closure as it upgrades passport, ID systems

20th November 2015 Some 140 Department of Home Affairs (DHA) offices across the country plan to close their doors between November 27 and December 2, as they upgrade live capture facilities that aim to accelerate the application processes for new Smart IDs and passports. Addressing the media in Pretoria, on Friday,... →

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