Leandi Kolver

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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

Middelburg smelter achieves Q3 profit increase despite strike

17th October 2014 Despite the National Union of Metalworkers of South Africa (Numsa) strike in July and the post-strike production ramp-up in August, Aim- and AltX-listed Jubilee Platinum’s Middelburg smelter operation, in Mpumalanga, increased its profit by 4.5% quarter-on-quarter for the three months ended... →

RSR investigating Rustenburg locomotive, bus collision

17th October 2014 The Railway Safety Regulator (RSR) on Friday said it was investigating a collision between a locomotive and a bus carrying 45 people at a platinum mine, in Rustenburg, on Friday morning. The accident occurred on a mining siding when the bus transporting mineworkers stalled on the railway tracks,... →

SA needs more inclusive innovation environment

17th October 2014 South Africa’s current innovation landscape was based on exclusivity, preventing ordinary citizens from participating in this space, National Advisory Council on Innovation (Naci) policy investigation senior specialist Dr Ntsane Moleleki said on Friday at a National Science and Technology Forum... →

More has to be done to get voice of science community heard – NSTF

17th October 2014 While the National Science and Technology Forum‘s (NSTF’s) discussion forums showcased the work achieved and policy development in key areas, more had to be done in terms of lobbying for the implementation of key government policies, NSTF executive director Jansie Niehaus said on Friday. Speaking... →

Jobs Fund has allocated R4.96bn to projects since inception – Nene

17th October 2014 Since its establishment by government in 2011, the Jobs Fund has allocated R4.96-billion to projects catalysing innovation and investment in activities which directly contributed to sustainable job creation initiatives and long-term employment creation, Finance Minister Nhlanhla Nene said in a... →

New R1.2bn furnace boosts Nampak’s glass production capacity by 56%

17th October 2014 Glass manufacturer Nampak Glass has increased its manufacturing capacity by 56% through the addition of a new R1.2-billion third furnace at its Germiston-based manufacturing facility. Nampak Glass CEO André de Ruyter said on Friday that the addition of the new furnace, which had the capacity to... →

R2.1bn allocated to mining town development over MTEF period – Radebe

17th October 2014 JOHANNESBURG (miningweekly.com) – A total of R2.1-billion has been ring-fenced by the Department of Human Settlements over the medium-term expenditure framework period for housing projects in mining towns, with R290-million of this amount to be spent in the current financial year, Minister in the... →

Tembo 2014 drilling programme completed

16th October 2014 TSX-V-listed Tembo Gold Corporation has completed its 2014 drilling programme on the 100 m2 Tembo gold project, in Tanzania, Aim-listed Stratex announced on Thursday. Stratex currently held a 12.89% stake in Tembo. →

Grindrod Bank, Bidvest acquisition discussions aborted in light of negative SASSA publicity

16th October 2014 JSE-listed companies Bidvest and Grindrod have failed to reach an agreement on the proposed acquisition of Grindrod Financial Holdings, or Grindrod Bank, by Bidvest Bank, a Bidvest and GFS Holdings company, and discussions have been discontinued, Grindrod announced on Thursday. The company stated... →

Precious metals markets influenced by monetary conditions, industrial metal prices remain detached – report

16th October 2014 While precious metal markets were influenced by monetary conditions, industrial metals have managed to remain somewhat detached from generic economic conditions, with prices being determined by fundamentals of supply and demand that were, in many cases, specific to each metal, French corporate... →

Infrasors expects increased H1 earnings

16th October 2014 Building materials firm Infrasors on Thursday said it expected its headline earnings a share for the six months ended August 31 to increase by between 61% and 96% year-on-year to between 4.5c and 5.5c. Basic earnings a share were also expected to be between 4.5c and 5.5c, compared with 0.1c a... →

Exploration results confirm potential to boost Nayega resource

16th October 2014 Exploration results from pit sampling at Aim-listed Ferrex’s Nayega manganese project, in Togo, have confirmed a number of targets with the potential to increase the project’s current Joint Ore Reserves Committee-compliant resource of 11-million tonnes, MD Dave Reeves said on Thursday. He noted... →

Stellar raises £396 180 to buy earthmoving equipment

16th October 2014 Aim-listed Stellar Diamonds on Thursday announced that it had raised about £396 180 through the issue of 25.56-million ordinary shares, enabling it to buy a number of earthmoving machines for its Tongo and Baoulé projects in Sierra Leone and Guinea respectively. The machines had a total aggregate... →

Competition Commission recommends approval of Clover, DairyBelle merger

16th October 2014 The Competition Commission has recommended that the Competition Tribunal approve the acquisition of DairyBelle’s yoghurt and ultra-high-temperature (UHT) milk manufacturing, marketing and distribution businesses by JSE-listed branded consumer goods and beverages group Clover, with conditions,... →

Powertech re-enters arc furnace market with R42m Namakwa Sands contract

16th October 2014 JSE-listed Allied Electronics subsidiary Powertech Transformers on Thursday announced that it has reentered the arc furnace market, reestablishing its position as the only South African manufacturer designing, building and testing arc furnace transformers locally. Powertech stated that a... →

Mondi Q3 profit in line with prior year performance

16th October 2014 Paper and packaging group Mondi on Thursday reported an underlying operating profit of €174-million for the three months ended September 30, which Mondi said was comparable to that of the prior corresponding period, but 10% below that of the second quarter. Mondi noted that the profit achieved... →

PFS drilling at South Boulder’s Colluli completed ahead of schedule

15th October 2014 ASX-listed South Boulder Mines on Wednesday announced that prefeasibility study (PFS) level drilling at its Colluli potash project, in Eritrea, had been completed ahead of schedule. This early completion of the PFS section of the drilling programme enabled the finalisation of the mining study and... →

Gibs deputy dean appointed Sabsa VP

15th October 2014 The University of Pretoria’s Gordon Institute of Business Science (Gibs) deputy dean Professor Nicola Kleyn has been appointed VP of the South African Business School Association (Sabsa) for a two-year term. Sabsa, which represented South African business schools that offered locally and... →

Revised BPS incentive taking increased maturity of SA services into account – Davies

15th October 2014 The revised Department of Trade and Industry (DTI) Business Process Services (BPS) incentive launched on Tuesday, has taken into account South Africa’s increased maturity in terms of the services being offered, as the country is increasingly being asked to provide more complex back-office process... →

Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies

Norwegian-African Business Summit to focus on infrastructure development

15th October 2014 The Norwegian African Business Association (NABA) will on October 30 host the fourth Norwegian-African Business Summit, aimed at addressing the main challenges and opportunities facing African infrastructure development. The summit, to be held in Oslo, Norway, will welcome African and Norwegian... →

NNR to test effectiveness of Koeberg nuclear emergency plan

15th October 2014 The National Nuclear Regulator (NNR) on Wednesday said it would, on October 22, conduct a full-scale nuclear safety regulatory emergency exercise at the Koeberg power station, in the Western Cape, to test the effectiveness of the Integrated Koeberg Nuclear Emergency Plan. During the exercise, the... →

Photo by Duane Daws
Koeberg power station

AfDB president meets with Gates to discuss African development

15th October 2014 African Development Bank (AfDB) group president Donald Kaberuka on Tuesday met with Bill & Melinda Gates Foundation co-chairperson and trustee Bill Gates to discuss ways to work together to improve the development of Africa. During the meeting, Kaberuka and Gates discussed issues ranging from... →

AfDB president Donald Kaberuka

Baobab testwork confirms chosen technology route, robust project economics

15th October 2014 Bench and pilot scale metallurgical test work at Aim-listed Baobab Resources’ Tete pig iron and ferrovanadium project, in Mozambique, has confirmed the chosen technology route for the project, MD Ben James said on Wednesday. He noted that the results, to date, had also identified areas where... →

SA elected to UN biological diversity convention CoP bureau

15th October 2014 South Africa has for the first time been elected to the United Nations (UN) Convention on Biological Diversity (CBD) Conference of the Parties (CoP) bureau, strengthening the country’s status as a global player in the biodiversity field, the Department of Environmental Affairs (DEA) reported on... →

Datatec H1 earnings slightly lower, group revenue up on back of Westcon recovery

15th October 2014 International information and communication technology solutions and services group Datatec on Wednesday reported a marginal decline in profit for the six months ended August 31 to $38.2-million, compared with a profit of $39.69-million in the prior corresponding period. Underlying earnings per... →

Photo by Duane Daws
Datatec CEO Jens Montanana

Base announces increased Kwale mineral resources

14th October 2014 Mineral sands miner Base Resources on Tuesday announced an upgrade and increase in mineral resources for its 100%-owned Kwale project, in Kenya. The company explained that the updated mineral resource estimate – which revealed an combined overall increase of 5% for total material tonnes and 2%... →

Additional tests indicate potential to increase Bushveld Minerals vanadium resource

14th October 2014 Additional Davis tube tests (DTT) on two samples from hanging wall units to the main magnetite layer (MML) of Aim-listed Bushveld Minerals’ vanadium project, in Limpopo, have confirmed the company’s expectations that suitable vanadium grades and recoveries could be achieved from the hanging wall... →

Continental Coal admission to trading on the Aim to be cancelled

14th October 2014 South Africa-focused coal miner Continental Coal on Tuesday announced that as it was unable to restore its securities to trading on the Aim in the short term, and the company’s shares had been suspended for more than six months, its admission to trading on the Aim would be cancelled, effective... →

Dawn earnings decline but future upside expected from Grohe JV

14th October 2014 While JSE-listed Distribution and Warehousing Network (Dawn) was not pleased with its financial results for the “disruptive and difficult” 2014 financial year, the company was excited about its recently announced joint venture (JV) agreement with Grohe International, which placed it on a new... →

Dawn CEO Derek Tod

Basil Read brand featured on UK postage stamp for role in St Helena airport project

14th October 2014 JSE-listed Basil Read on Tuesday noted that it was being featured in a new series of UK postage stamps acknowledging the construction of a new airport on the island of St Helena, a British territory 2 300 km west of Walvis Bay, Namibia. Basil Read St Helena Airport project director Jimmy Johnston... →

Keaton Vanggatfontein H1 production up 5%

13th October 2014 JSE-listed Keaton Energy on Monday reported that output of washed 2- and 4-seam coal from it’s Vanggatfontein colliery, in Mpumalanga, had increased 5% year-on-year to 1.2-million tons in the first half of the 2015 financial year. No toll washing had taken place during the six-month period, with... →

Basil Read appoints Wightman CFO, FD

13th October 2014 JSE-listed Basil Read on Monday announced the appointment of Amanda Wightman as CFO and FD of the company with immediate effect. Wightman, who joined the company in 2005, had been acting in the position of interim CFO since November 2013, following the resignation of then FD PJ Marais. →

Revised BPS incentive to attract investment, create jobs through offshoring activities

13th October 2014 Trade and Industry Minister Dr Rob Davies would on Tuesday launch the revised Business Process Services (BPS) incentive, aimed at attracting investment and creating employment in South Africa through offshoring activities, at South Africa House, in London. Davies said South Africa had risen to... →

Second-phase BBBEE Codes of Good Practice gazetted

13th October 2014 Trade and Industry Minister Dr Rob Davies has gazetted the second phase of the amended broad-based black economic-empowerment (BBEEE) Codes of Good Practice for public comment. The Department of Trade and Industry had previously committed to reviewing and gazetting the outstanding statements of... →

Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies

IFM, Chrometco agree to start Rooderand chrome mining

13th October 2014 London-listed International Ferro Metals (IFM) has signed an agreement with JSE-listed Chrometco for the start of mining at the Rooderand LG6 openpit mine, in the North West. IFM said the Phase 1 exploration drilling programme at the mine had been completed, with Phase 2 drilling, which was under... →

Super Group to buy Allen Ford for R606m

10th October 2014 JSE-listed Super Group on Friday announced that it had entered into an agreement to acquire UK-based franchised motor dealer group Allen Ford for about R606-million, at an exchange rate of £1 to R17.88. Super Group said this acquisition was in line with its strategy of making selective... →

Bellzone to raise up to £1.7m

10th October 2014 Aim-listed Bellzone Mining on Friday announced that it was planning to raise up to £1.7-milion through the issue of about 337-million new ordinary shares at a placing price of 0.5p, to enable the company to continue operations until the end of November. The placing price of 0.5p represented a... →

Africa has significant real estate investment potential as global retailers target the continent

10th October 2014 Africa has significant potential for real estate investments with the continent’s retail landscape constantly changing as international brands target the African consumer, commercial property services company Broll Property Group CEO Malcolm Horne said on Friday. He pointed out that Broll had... →

West Hills Mall, Ghana

First gas burner fired up at Medupi’s Unit 6

10th October 2014 State-owned power utility Eskom this week fired-up the first gas burner of the Medupi power station’s Unit 6, which was scheduled to be synchronised at the end of this year. Eskom explained that the firing of the gas burner, which followed the filling of the liquefied petroleum gas (LPG) tank and... →

Photo by Duane Daws
Medupi power station

Rustenburg BRT station construction set to start before year-end

10th October 2014 Construction on the bus rapid transport stations for Phase 1A of the Rustenburg Rapid Transport (RRT) project was likely to start before the end of the year, with the construction tenders currently being adjudicated, RRT said last month. Phase 1A of this four-phase project that ran along the... →

Employment up in Q2, as jobs stats sampling is reassessed

10th October 2014 The number of people employed in the formal, nonagricultural sector of the South African economy increased by about 155 000 people, or 1.8%, from March to an estimated 8.67-million employees in June, Statistics South Africa’s (Stats SA’s) latest Quarterly Employment Statistics (QES) survey has... →

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