Leandi Kolver

https://staging1.creamermedia.com/

Leandi Kolver

Leandi Kolver is Creamer Media Deputy Editor Features for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Savca appoints two new directors

29th October 2014 The Southern African Venture Capital and Private Equity Association (Savca) on Wednesday announced that it had made two new appointments to its board of directors. Women-led private equity firm Identity Partners principal partner Sonja de Bruyn Sebotsa and Rand Merchant Bank Corvest executive... →

KZN opens regional offices to decentralise public transport licensing

28th October 2014 KwaZulu-Natal Transport, Community Safety and Liaison MEC Willies Mchunu on Tuesday opened the KwaZulu-Natal Department of Transport’s new regional offices in Empangeni as part of the provincial department’s programme to decentralise the application and issuing processes for public transport... →

Nigerian Stock Exchange receives full WFE membership

28th October 2014 The Nigerian Stock Exchange (NSE) on Tuesday became the first West African stock exchange to be granted full membership status by the World Federation of Exchanges (WFE). The NSE was elected as a federation member during the fifty-fourth general assembly and annual meeting of the WFE, held in... →

Motsepe Foundation, ARM donate $1m to Guinea Ebola fund

28th October 2014 Motsepe Foundation founder and African Rainbow Minerals executive chairperson and founder Patrice Motsepe has donated $1-million to Guinea’s Ebola Fund on behalf of the organisations. This donation, for which regulatory approval was received on Friday, would assist Guinea with clinical... →

Photo by Duane Daws
Motsepe Foundation founder and African Rainbow Minerals executive chairperson and founder Patrice Motsepe

Hummingbird targets delivery of Yanfolila optimisation studies by end 2014

28th October 2014 Gold exploration and development company Hummingbird Resources was aiming to deliver the optimisation studies for its Yanfolila project, in Mali, by the end of this year, with construction expected to start in the first quarter of next year. The company on Tuesday announced that an infill and... →

Ascendis acquires Scientific Group in R283m deal

28th October 2014 Health and care group Ascendis Health has entered into an agreement to acquire the majority of the Scientific Group, including its diagnostics business SG Diagnostics, for a consideration of R283.7-million in cash and shares. The deal also included a minority interest in a medical business within... →

Ascendis CEO Dr Karsten Wellner

DA still seeks details of SDT buyers

28th October 2014 The Democratic Alliance (DA) would continue to pursue a declaration from the State Diamond Trader (SDT) on who its biggest buyers are, DA shadow Minister of Mineral Resources James Lorimer has said. He noted in a statement that the DA had been pursuing this matter since October 2012, when the... →

Sibanye Q3 production up 10%, full-year guidance maintained

28th October 2014 Gold miner Sibanye Gold on Tuesday reported record gold production of 424 700 oz (13 210 kg) for the three months ended September 30, up 10% year-on-year. The company said the higher production, which resulted in an operating profit of R1.78-billion, was mainly owing to the solid performance of... →

Photo by Duane Daws
Sibanye Gold CEO Neal Froneman

Stratex, Thani complete formation of new East, North African company

27th October 2014 Aim-listed exploration and development company Stratex on Monday announced that it had completed the formation of a new East and North Africa-focused exploration company in partnership with Thani Emirates Resource Holdings. Stratex and Thani’s assets in the region were now combined into a new... →

South Africa’s economically active population growing – DoL

27th October 2014 While South Africa’s economically active population was growing, indicating that more people were coming into the labour force, this growth was not mirrored in the number of jobs created year-on-year, the Department of Labour (DoL) said in its Annual Labour Market Bulletin (ALMB) 2013-2014... →

Time for Africa to increase its contribution to space economy – Pandor

27th October 2014 The African continent had to move away from being a “client” in terms of accessing scientific information to rather having customers coming to the continent to access its information, Science and Technology Minister Naledi Pandor said on Monday. Speaking at the opening of the tenth African... →

Science and Technology Minister Naledi Pandor

Foster Wheeler merger enhances MDM’s growth potential

27th October 2014 Through its merger with global engineering and construction company Foster Wheeler, metallurgical engineering company MDM Engineering has improved its ability to grow its business in current tough market conditions, MDM executive director and founder George Bennett said on Friday. Speaking to... →

MDM executive director and founder George Bennett

New vertical shaft brick kiln to improve Langkloof Bricks’ energy efficiency

24th October 2014 Swedish Ambassador to South Africa Christian Meuwly will next week inaugurate the final roll-out of the new vertical shaft brick kiln (VSBK) at clay brick manufacturer Langkloof Bricks’ facility in Jeffrey’s Bay. The VSBK formed a part of economic, social and ecological development company... →

George Airport runway rehabilitated

24th October 2014 The runway at the George Airport, in the Western Cape, has been rehabilitated to improve safety, in terms of run-off and storm water drainage, and the structural capacity of the pavement surface. The scope of work comprised the extension of Runway 11/29, the extension of the aeronautical... →

DRA awarded first phase of Exxaro’s Belfast coal implementation project

24th October 2014 Engineering and project delivery company DRA has been awarded the $4.5-million first phase contract of JSE-listed Exxaro Resources subsidiary Exxaro Coal’s Belfast implementation project, in Mpumalanga. The first phase of the project would include the detailed design and engineering of a 500 t/h... →

Aquarius posts Q1 profit on back of higher production, lower costs

24th October 2014 Platinum miner Aquarius Platinum on Friday reported a net profit of $5.21-million for the three months ended September 30 compared with a loss of $10.19-million during the prior corresponding period. This increase was driven by a 3% rise in production, 5% higher dollar prices, lower costs and... →

Aquarius' Everest mine

Giant Flag construction to start next year

24th October 2014 Construction of the R170-million Giant Flag project, in the Camdeboo municipal area of the Karoo, is scheduled to start early next year, creating more than 700 jobs in the area. The 66 ha South African flag would be made up of 2.5-million coloured succulents and a 4 MW solar field. The novelty... →

Schematic of the planned Giant Flag

African countries urged to consider innovative infrastructure financing

24th October 2014 African countries should consider innovative solutions to finance infrastructure development that would enable the continent to unlock quality growth, the Africa Progress Panel (APP) has argued. The organisation, which is chaired by former UN secretary general Kofi Annan, pointed out that,... →

Second-phase BBBEE Codes of Good Practice gazetted

24th October 2014 Trade and Industry Minister Dr Rob Davies has gazetted the second phase of the amended broad-based black economic-empowerment (BBBEE) Codes of Good Practice for public comment. The Department of Trade and Industry (DTI) had previously committed to reviewing and gazetting the outstanding... →

Radio-telescope images providing insight into nova explosion gamma rays

24th October 2014 Using highly detailed radio-telescope images, scientists have managed to pinpoint the locations where a classical nova stellar explosion emitted gamma rays, revealing a probable mechanism for the gamma-ray emissions, the University of Cape Town (UCT) said on Thursday. UCT explained that gamma... →

Foster Wheeler completes acquisition of MDM Engineering

23rd October 2014 Global engineering and construction company Foster Wheeler on Thursday announced that an indirect wholly owned subsidiary of the company had completed its acquisition of metallurgical engineering company MDM Engineering. MDM would now become part of Foster Wheeler’s minerals and metals group. →

ABG Q3 production up 16%, AISC continues decline

23rd October 2014 Tanzania-focused gold producer African Barrick Gold (ABG) increased its production for the three months ended September 30, by 16% year-on-year, while all-in sustaining costs (AISC) declined for the eight successive quarter. ABG CEO Brad Gordon said the company’s production amounted to 190 986 oz... →

Richard Tomes resigns as joint MD of PPC

23rd October 2014 JSE-listed cement company PPC on Thursday announced the resignation of its joint MD Richard Tomes, who would pursue other opportunities. The company said that Johann Claassen, who served as joint-MD with Tomes, would continue in the position of MD. →

Zuma says govt seriously mulling Operation Phakisa for mining sector

23rd October 2014 President Jacob Zuma on Thursday reiterated that government was seriously considering a mining-focused Operation Phakisa phase. Minister in the Presidency Jeff Radebe earlier this year, at the Mining Lekgotla, noted that an Operation Phakisa for the mining sector was on its way, with... →

Photo by Duane Daws
President Jacob Zuma

Emerging economies can overcome sluggish growth forecasts

23rd October 2014 Emerging economies did have the ability to overcome the current difficult economic conditions and slow growth forecast, Brazilian Ambassador Carneiro De Mondonça said on Thursday. Speaking at the South African Chamber of Commerce and Industry (Sacci) 2014 Convention, he pointed out that the... →

Photo by Duane Daws
Brazilian Ambassador Carneiro De Mondonça

SMME funding not responsibility of govt alone – Zulu

23rd October 2014 Government could not take responsibility for radical economic transformation and small business development on its own, Small Business Development Minister Lindiwe Zulu asserted on Thursday. Speaking at the South African Chamber of Commerce and Industry (Sacci) 2014 Convention, she said all South... →

Photo by Duane Daws
Small Business Development Minister Lindiwe Zulu

Nordgold Q3 production up 11% y/y, company on track to achieve upper end of full-year guidance

22nd October 2014 LSE-listed Nordgold on Wednesday reported a 11% year-on-year, and 2% quarter-on-quarter increase in production for the three months ended September 30, to 270 600 gold equivalent ounces. The company also noted that, for the nine months ended September 30, production had reached 746 900 oz, a 13%... →

Waterberg JV PFS on track

22nd October 2014 The prefeasibility study (PFS) for TSX- and NYSE-listed Platinum Group Metals’ (PTM’s) Waterberg Joint Venture (JV) project on the northern limb of the Bushveld Complex is on track, with completion targeted for the second quarter of next year, PTM said on Wednesday. The company noted that an... →

DTI encourages China to invest in SA manufacturing sector

22nd October 2014 Department of Trade and Industry export promotion and marketing chief director Zanele Sanni has invited manufacturing and advanced manufacturing companies from Shenzhen, China, to invest in South Africa, noting that Chinese investors could also access the additional special support measures... →

Competition Commission approves Dawn, Grohe merger

22nd October 2014 The Competition Commission on Wednesday announced that it had unconditionally approved the merger between JSE-listed Distribution and Warehousing Network’s (Dawn’s) Watertech and Sanitaryware business with Grohe International. Under the terms of the merger agreement, Grohe would buy 51% of Dawn’s... →

Total, Famous Brands, Thrupps partner for speciality convenience offering

22nd October 2014 Total South Africa (SA), a subsidiary of listed French multinational Total, has partnered with JSE-listed Famous Brands and speciality grocer Thrupps to provide Total service station customers with a new convenience offering.Thrupps on Tuesday opened its first store in a Total forecourt, in... →

Yaoure 2014 drilling programme confirms presence of high-grade areas

21st October 2014 The 2014 drilling programme at West Africa-focused gold mining company Amara Mining’s Yaoure gold project, in Côte d'Ivoire, has confirmed the presence of high-grade areas in the Yaoure central zone and demonstrated strong continuity in the high-grade CMA zone. Amara chairperson and CEO John... →

DSBD to provide municipalities with SMME infrastructure development incentives

21st October 2014 The Department of Small Business Development (DSBD) would soon invite applications from local municipalities to apply for incentives to cover the building or renovation of infrastructure that could support small, medium-sized and microenterprises (SMMEs), DSBD acting director-general Pumla... →

SMME inclusion in mainstream economy part of ‘radical economic transformation’ – Zulu

21st October 2014 Ensuring that small, medium-sized and microenterprises (SMMEs) were included in the mainstream economy had to form part of the “radical economic transformation” targeted by the current administration, Small Business Development Minister Lindiwe Zulu said on Tuesday. Speaking at the inaugural... →

Photo by Duane Daws
Small Business Development Minister Lindiwe Zulu

Gold Fields on track to reach full-year production target, cost estimates revised downwards

20th October 2014 Gold miner Gold Fields on Monday announced that its attributable gold equivalent production for the three months ended September as expected to be about 559 000 oz. All-in sustaining costs (AISC) and all-in costs (AIC) for the third quarter were expected to be about $1 074/oz and $1 096/oz... →

Nordgold completes acquisition of Burkina Faso project

20th October 2014 London-listed Nordgold has completed the acquisition of Canadan mineral exploration company Goldrush Resources’ Ronguen gold project, 10 km from Nordgold’s Bissa mine, in Burkina Faso. Nordgold had, in June this year, entered into a share purchase agreement with Goldrush to acquire all the shares... →

Richards Bay Bulk Terminal exceeds September target

20th October 2014 The Richards Bay Bulk Terminal, in KwaZulu-Natal, loaded 1.49-million tons of cargo in September, exceeding its monthly target of 1.32-million tons, Transnet Port Terminals (TPT) said on Monday. TPT said the reaching of vessel targets ahead of deadline created capacity for the export section to... →

Shell hands over exploration data to W Cape universities

20th October 2014 Energy company Shell has handed over rare, high-quality three-dimensional (3D) seismic data, collected off the west coast of South Africa, to the universities of the Western Cape and Cape Town to be used for the advancement of research and skills development relevant to the oil and gas industry.... →

Changing legislation, policy still significant threat for JSE top 100

20th October 2014 Resources, financial services and healthcare companies faced significant threats arising from changing legislation and political policy, a recent study by professional services firm Deloitte of the JSE’s top 100 companies has shown. To produce its Dissecting Disclosures report, Deloitte used the... →

Recent accidents raise questions over effectiveness of freight sector self-regulation

20th October 2014 Recent accidents involving heavy vehicles on Gauteng’s roads should make the local freight industry question the value of self-regulation, Gauteng Roads and Transport MEC Dr Ismail Vadi said on Monday. Speaking at the Gauteng Freight Summit, in Boksburg, he referred to the multivehicle crash that... →

Gauteng Roads and Transport MEC Dr Ismail Vadi

136 projects to be pitched to investors at inaugural Global African Investment Summit

17th October 2014 The Global African Investment Summit (TGAIS) will be presented with 136 bankable projects, worth a combined total of $246-billion, in the natural resources, agribusiness, power and critical infrastructure sectors, when it takes place in London next week. The summit, which will be chaired by the... →

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