Idéle Esterhuizen

https://staging1.creamermedia.com/

Idéle Esterhuizen

Ansys expands offering with Tedaka Technologies acquisition

22nd May 2013 AltX-listed engineering company Ansys on Wednesday announced that it had purchased 100% of the shares and shareholder loans of Tedaka Technologies from Tedaka Investments for R22-million, subject to certain profit warranties. Tedaka Technologies is a supplier of transmission and networking... →

Sephaku Cement reports good progress at Aganang

22nd May 2013 The majority of the large civil structures at Sephaku Cement’s new Aganang plant, in the North West province, were complete and the remaining civil work was progressing well, engineering project manager Heinrich de Beer reported on Wednesday. The greenfields project included a high-tech... →

Amplats, unions and govt agree on measures to preserve jobs

22nd May 2013 Anglo American Platinum (Amplats), its recognised unions and the Department of Mineral Resources (DMR) said late on Tuesday that they would resume talks at the Commission for Conciliation, Mediation and Arbitration (CCMA) over job cuts, on Friday. This comes as the parties reached an agreement... →

Lonmin, AMCU fail to reach agreement on union recognition

22nd May 2013 Platinum producer Lonmin on Wednesday indicated that no agreement had been reached on forming a new union recognition agreement with the Association of Mineworkers and Construction Union (AMCU). As the parties were unable to reach an agreement, the Commission for Conciliation, Mediation and... →

Turkish steel manufacturers to visit SA

21st May 2013 The Turkish Steel Exporters’ Association (CIB) on Tuesday said it would bring a high-level delegation of prominent steel manufacturers and exporters to South Africa to explore areas of cooperation and new business prospects with local companies. The delegation, which would comprise 18 firms that... →

Numsa’s eco-friendly JHB regional offices to be completed by July

21st May 2013 The R15.5-million refurbishment and transformation of the National Union of Metalworkers of South Africa’s (Numsa’s) regional office, in central Johannesburg, into the first eco-friendly union office in Gauteng, would be complete in July, second VP Christine Olivier said on Tuesday. The... →

Waterberg ordered to issue supplementary bidder’s statement in Firestone takeover

20th May 2013 The Australian Takeovers Panel has declared the Waterberg Coal Company’s statements in relation to its hostile takeover offer for Firestone Energy as being deficient and ordered the company to dispatch a supplementary bidder’s statement. This comes after Firestone Energy approached the panel in... →

Labat Africa moves into Namibia oil and gas

20th May 2013 JSE-listed Labat Africa on Monday said it aimed to invest in five oil and gas leases in Namibia. Labat Africa had executed a letter of intent with Amicitia Holdings to purchase all the issued shares in Palatina Petroleum, thereby acquiring a majority participating interest in five petroleum... →

NUM seeks up to 60% wage hike from SA gold producers

20th May 2013 South Africa’s Chamber of Mines (CoM) on Monday confirmed the reciept of proposals by the the National Union of Mineworkers (NUM) regarding the revision of wages and conditions of employment of gold mining companies represented by the Chamber. Newswire Reuters reported that NUM indicated thtat it... →

Lonmin accelerates union recognition process to ease Marikana tensions

17th May 2013 Platinum producer Lonmin , which on Friday welcomed the return to work of its employees following a two-day unprotected strike this week, said that it would accelerate certain aspects of the union membership recognition process at Marikana to ease tensions on the ground. Production at all 13 of... →

SA at forefront of intra-Africa investment

17th May 2013 South Africa has been at the forefront of growth in intra-African trade and broader emerging market investment during 2012, with intra-African investment showing a 33% compound growth rate, advisory firm Ernst & Young’s latest Africa Attractiveness Survey has shown. The report combined an... →

Gauteng factory invests in R5m roof-mounted solar facility

17th May 2013 Photovoltaic (PV) project development and construction company Soventix South Africa has been awarded an engineering, procurement and construction contract worth more than R5-million to build a roof-mounted PV plant for printed circuit board manufacturer Bosco’s Edenvale factory. The plant would... →

R232m allocated to ZA-ARMC1 satellite development in 2013

16th May 2013 The Department of Science and Technology (DST) has allocated R232-million in funding for the development of the new ZA-ARMC1 satellite this year, Science and Technology Minister Derek Hanekom has indicated. “This satellite will greatly enhance Africa's ability to monitor and manage its precious... →

SA must shift to ‘manufacturing economy’, not ‘knowledge economy’ – Merseta

16th May 2013 Manufacturing, Engineering and Related Services Education and Training Authority (Merseta) CEO Raymond Patel on Thursday challenged government’s National Development Plan (NDP) vision of shifting South Africa’s economy to be more knowledge-based by suggesting the move should rather be to a more... →

Palabora temporarily closes north hoisting tower

15th May 2013 South African copper producer Palabora Mining indicated on Wednesday that it would have to revise its forecast hoisting volumes from its underground mine, as its north hoisting winder would be out of service, owing to tangled tail ropes. The company reported that the tail ropes became tangled on... →

Paladin Energy reports fall in profit, despite high sales volumes

15th May 2013 Dual-listed uranium producer Paladin Energy reported that lower prices resulted in a drop in its gross profit for the nine months ended March, to $28.9-million, from $30.3-million in the 2012 corresponding period. The average realised uranium price for the nine months was $50.8/lb of triuranium... →

Licensing Bill will give officials too much power – FMF

15th May 2013 Government’s proposed Licensing of Business Bill would provide local government officials with unconstrained discretionary power, creating massive bureaucratic empires and eroding rule of law, Free Market Foundation (FMF) executive director Leon Louw said on Wednesday. “The powers created in... →

Expansion at Centamin’s Sukari mine on track

15th May 2013 Toronto- and London-listed Centamin on Wednesday reported that the Stage 4 plant expansion of its Sukari gold mine, in Egypt, to ten-million tons a year, remained on track for the bulk of commissioning to start, and be completed, in the second half of 2013. To date, expenditure was... →

Sasol customers say lower prices will boost export competitiveness

14th May 2013 Despite being called to testify against Sasol Chemical Industries (SCI) during the first week of the Competition Tribunal hearings into allegations of excessive pricing of propylene and polypropylene, Usabco purchasing director Julius Lebi indicated on Tuesday that the company was committed to... →

TFR shuts coal line to catch up on maintenance

13th May 2013 State-owned rail utility Transnet Freight Rail (TFR) on Monday said it would shut its coal-export line for 12 days, from May 14 to 25, to catch up on its maintenance backlog. The South African rail operator said in a statement that the lower activity in May presented an opportunity to replace old... →

Platinum market records 375 000 oz deficit in 2012

13th May 2013 The global platinum market experienced a deficit of 375 000 oz in 2012, owing to a steep decline in output from South Africa, platinum group metals authority Johnson Matthey’s ‘Platinum 2013’ report has revealed. Published on Monday, the report found that primary platinum supply fell by 13% to... →

Bushveld Minerals announces takeover offer to acquire Lemur Resources

13th May 2013 Aim-listed Bushveld Minerals on Monday announced an off-market takeover offer to acquire Madagascar-focused Lemur Resources. The offer, which was not subject to a minimum acceptance condition, would see Bushveld offering three of its shares for every five Lemur shares. This valued each Lemur... →

Lonmin raises full-year output guidance to 700 000 oz

13th May 2013 Platinum miner Lonmin on Monday raised its production guidance for the full 2013 financial year to 700 000 oz of metals-in-concentrate, up from previous expectations of 680 000 oz. The company produced 366 059 oz of platinum-in-concentrate and sold 326 142 oz of the precious metal during the six... →

African Copper Q4 output up 45%

10th May 2013 Aim-listed African Copper produced 2 429 t of copper in concentrate at its wholly owned mines in Botswana in the quarter ended March 31, a 45.2% year-on-year increase in production. The Mowana mine delivered record production of 1 314 t of copper in concentrate in March. →

Continental Coal finalises Mashala Resources deal

10th May 2013 ASX- and Aim-listed Continental Coal in April said its 74%-owned South African subsidiary had completed the acquisition of the outstanding minority interests in coal mining junior Mashala Resources. The acquisition afforded Continental Coal South Africa with, besides others, 100% interests in the... →

African airport operators urged to collaborate with governments to foster growth

10th May 2013 To drive economic growth and competitiveness in Africa, there was an urgent need for the continent’s airport operators and governments to collaborate, Airports Company South Africa acting MD Bongani Maseko has said. “The benefit we have, is that all spheres of government are realising the... →

Small-car sales not yet reflecting reduced consumer spending

10th May 2013 Notwithstanding the South African Reserve Bank’s projection that the country’s gross domestic production would grow only by a marginal 2.7% during 2013, local new car sales were showing good growth of 4.1% to more than 163 000 units during the first three months of this year, up from the... →

Lobby group calls for monetary policy to be aligned with manufacturing push

10th May 2013 The time was ripe to review South Africa’s monetary policy, which was cited as one of the main challenges facing the country’s manufacturing sector, Manufacturing Circle executive director Coenraad Bezuidenhout said on Wednesday. At a manufacturing CEO breakfast hosted by the Black Management... →

NYDA welcomes DED’S R3bn commitment for young entrepreneurs

9th May 2013 The National Youth Development Agency (NYDA) on Thursday commended the Department of Economic Development for allocating R3-billion over the next five years, as part of the Youth Employment Accord. →

London Mining reaches record Q1 production

9th May 2013 Aim-listed London Mining achieved record production and sales volumes at its 100%-owned Marapa mine, in Sierra Leone, during the first quarter of its 2013 financial year, CEO Graeme Hossie reported on Thursday. Production at the operation during the quarter was 706 000 wet metric tons (wmt) of... →

Lonmin welcomes AMCU’s referral of union negotiations to CCMA

9th May 2013 Platinum producer Lonmin on Thursday said it welcomed the Association of Mining and Construction Union’s (AMCU’s) decision to refer the negotiations around a new union recognition agreement to the Commission for Conciliation, Mediation and Arbitration (CCMA). “A process facilitated by the CCMA... →

Sappi reports ‘disappointing’ Q2 results, dragged down by European market

9th May 2013 JSE-listed paper, pulp and packaging group Sappi recorded a 68% drop in operating profit for the second quarter of the year to $40-million, down from $125-million in the 2012 equivalent period, dragged down by worse-than-expected European market conditions. “The results were disappointing.... →

TIA, CIPC partner to promote innovation

9th May 2013 The Companies and Intellectual Property Commission (CIPC) and the Technology Innovation Agency (TIA) have signed a partnership agreement aimed at the promotion, protection and commercialisation of intellectual property (IP). The partnership aimed to implement integrated IP services for customers... →

2013 collective bargaining season to be ‘particularly important’ – DoL DG

8th May 2013 Despite a volatile labour market, this year’s bargaining season was going to be particularly important in proving that collective bargaining was still the best way of bridging differences between business and labour, as well as for cultivating a culture of social dialogue, Department of Labour... →

SA urged to improve its maths, science education at primary school level

8th May 2013 South Africa would have to continue to find ways to support teachers and schools, provide strong primary school education and increase the country’s pool of mathematics specialists who taught at that level, University of the Witwatersrand’s (Wits’) School of Education lecturer Lynn Bowie said on... →

Stratex evaluates potential acquisition opportunities

7th May 2013 Aim-listed Stratex International continues to evaluate potential acquisition opportunities and its management was optimistic that it could use its cash balance of £17-million to provide further growth for the company. Nonexecutive chairperson Christopher Hall noted in a statement to shareholders... →

AfDB’s CIF gives go-ahead for revised CSP plan for some African countries

7th May 2013 The African Development Bank’s (AfDB’s) $7.6-billion Climate Investment Fund (CIF) on Tuesday permitted Algeria, Egypt, Jordan, Libya, Morocco and Tunisia to proceed with an updated version of a sweeping plan to create an unparalleled 1 120 MW of energy from concentrated solar power (CSP) for the... →

Edenville seeks to partner Tanzania govt on power projects

7th May 2013 Aim-listed Edenville Energy will, in the coming year, focus its activities on assessing the commercial viability of mining near-surface coal at its Rukwa or Mkomolo operations. The company appointed South African firm Sound Mining Consultants to undertake a scoping study, which started last... →

Vukile book build closed, oversubscribed

7th May 2013 JSE-listed property loan stock company Vukile has closed its accelerated book build after strong demand resulted in it having been oversubscribed by some R150-million. The resulted in the company raising R400-million instead of the initially planned R250-million. →

Aureus Mining places order for ball milling system at New Liberty gold project

7th May 2013 TSX- and Aim-listed Aureus Mining on Tuesday said it had placed an order with NCP International for the supply, delivery and installation of a ball milling system at its New Liberty gold project, in Liberia. This formed part of the company’s strategy to source the longer-lead key plant items for... →

Afferro announces maiden mineral resource for Ntem

7th May 2013 Cameroon-focused iron-ore exploration and development company Afferro Mining on Monday announced a maiden National Instrument (NI) 43-101-compliant mineral resource for its Ntem iron-ore project. A total indicated mineral resource of 39.1-million tonnes at a grade of 34% iron and a total inferred... →

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Newsletters

Sign up for our FREE daily email newsletter

Receive daily sector news alerts

More

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Subscribe