Tasneem Bulbulia

https://staging1.creamermedia.com/

Tasneem Bulbulia

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

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... →

Akobo says production start-up date in Ethiopia uncertain

2nd May 2024 Scandinavian gold exploration and mining company Akobo Minerals has informed shareholders of the progress it is making in solving recent challenges with nationwide fuel supply disruptions and new customs procedures, finally enabling full site activity at its Segele mine, in Ethiopia. Production... →

Energy Council welcomes passing of Climate Change Bill

2nd 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

Endeavour progresses strategic objectives in first quarter

2nd May 2024 Multinational miner Endeavour Mining, which owns and operates gold mines in Côte d’Ivoire, Burkina Faso and Senegal, continued to make progress against its strategic objectives in the first quarter of this year, CEO Ian Cockerill says. “Our operational performance is tracking in line with our... →

Endeavour achieved first gold at the Sabodala-Massawa expansion project in April

Yearly Air Force show promises 'mini-war', aircraft displays

30th April 2024 The South African Air Force (SAAF) Museum Annual Airshow will be held on May 4 at the Air Force Mobile Deployment Wing (AF MDW) alongside Old Johannesburg Road in Valhalla, Pretoria. With the theme “Flight Through Time – Legends of The Skies”, attendees will be able to experience aviation’s past,... →

Photo by Creamer Media's Tasneem Bulbulia
The show will have historical museum aircrafts, aircrafts that are currently serving in the SAAF, as well as a variety of civilian aircraft

Alphamin buoyed by Mpama South plant progress

29th April 2024 TSX-V- and JSE-listed Alphamin Resources reports that tin concentrate production from the new Mpama South plant is imminent, with first ore having been successfully introduced on April 28. The final plant commissioning phase is now under way and should result in a ramp-up in tin concentrate... →

NCOP approves Climate Change Bill

29th April 2024 The National Council of Provinces (NCOP) has approved the Climate Change Bill. “The Climate Change Bill will provide the much-needed legal framework to regulate activities that contribute to climate change; ensure an effective response in all spheres of government and by society at large; ensure... →

Barbara Creecy

Herbert Smith Freehills promotes Ernst Müller to director in Johannesburg

29th April 2024 International law firm Herbert Smith Freehills is promoting Ernst Müller to director, with effect from May 1. Müller, who joined the firm as an associate in 2017, is a senior associate based in the firm’s Johannesburg office in South Africa. →

Ernst Müller

Red Rock to undertake work programmes at Burkina Faso project

29th April 2024 Aim-listed Red Rock Resources’ Bilbale gold project, in Burkina Faso, holds “significant potential”, consultant Dr Willem J Smuts has noted in a report. Smuts recently undertook a site visit to the project and carried out several days of evaluation work to identify potential high-grade targets,... →

Endeavour achieves first gold pour at Senegal project expansion

29th April 2024 Senior gold producer Endeavour Mining announces that first gold pour at the Sabodala-Massawa BIOX Expansion project, in Senegal, took place on April 18, marking the successful delivery of the BIOX Expansion project on schedule and on budget, with no lost-time injuries. Endeavour points out that... →

BIOX Expansion project

URA starts production at Gravelotte emerald mine

29th April 2024 London-listed URA Holdings has started phased production at the Gravelotte emerald mine (GEM) in South Africa. Following the successful commissioning of the processing and sorting plants, phased production at GEM started, as scheduled, before the end of April. →

Implats' proposed restructuring puts 3 900 jobs at risk

26th April 2024 JSE-listed Impala Platinum Holdings (Implats) has initiated a Section 189(3) consultation process at its South African operations, signalling thousands of potential job losses. Implats envisages a reduction of about 3 900 positions, constituting a 9% reduction in labour across the Impala... →

Implats CEO Nico Muller

Kibo subsidiary progressing Pyebridge asset

26th April 2024 Kibo Energy’s subsidiary, Mast Energy Developments (MED), has received official confirmation that its Pyebridge 9 MW flexible power generation asset in England has passed its satisfactory performance days (SPD) requirements under its current existing T-1 capacity market (CM) contract. This means... →

Sayurie Naidoo appointed Amplats CFO, executive director

26th April 2024 JSE-listed Anglo American Platinum (Amplats) has appointed Sayurie Naidoo as CFO and executive director, with effect from May 1. Naidoo, who has been serving as the acting CFO since Craig Miller assumed the role of CEO in October 2023, brings more than 15 years of experience with Anglo American... →

Volt progresses programmes with customers for Tanzania project

24th April 2024 ASX-listed Volt Resources has provided shareholders with an update on the progress at its Bunyu graphite project, in Tanzania. As reported in January, graphite concentrate from the project was delivered to a customer-designated testing partner on January 17. →

West African on track to meet full-year guidance following solid first quarter

24th April 2024 Unhedged gold mining company West African Resources’ Sanbrado mine, in Burkina Faso, produced 56 595 oz of gold at an all-in sustaining cost (AISC) of $1 291/oz in the first quarter of this year. The company says it is tracking well to achieve full-year guidance of 190 000 oz to 210 000 oz at an... →

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