Idéle Esterhuizen

https://staging1.creamermedia.com/

Idéle Esterhuizen

Soventix to build 304 kWp roof-mounted PV system

6th 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... →

Keaton’s Vanggatfontein mine delivers 58% more coal to Eskom

6th May 2013 JSE-listed coal miner Keaton Energy delivered 1.5-million tons of washed 2- and 4-seam thermal coal from its Vanggatfontein colliery, in Mpumalanga, to State utility Eskom during the year ended March 31, marking an increase of 58% from the 956 000 t delivered to the utility the year before. The... →

SA at forefront of intra-Africa investment

6th 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... →

Mondi achieves 35% growth in Q1 underlying operating profit

3rd May 2013 JSE- and LSE-listed packaging and paper group Mondi recorded a 35% year-on-year increase in underlying operating profit to €162-million during the first quarter of 2013, in line with its expectations, despite the effects of a one-off write-down in the value of green energy credits of €11-million.... →

Supply side factors to continue impacting platinum price

3rd May 2013 The price of platinum this year would, in large part, continue to be determined by supply side factors, Thomson Reuters GFMS mining research director William Tankard said on Friday. Discussing the firm’s latest Platinum & Palladium Survey, he noted that further labour unrest was likely, as South... →

Marcus warns that cautious optimism is giving way to renewed concern

3rd May 2013 Despite a marked improvement in South Africa’s terms of trade since 2010, the country’s exports has seen a slow recovery, weighed down by lagging global recovery and widespread stoppages in the mining sector, South African Reserve Bank governor Gill Marcus said in late April. →

Report looks at how domestic capital could be mobilised for African infrastructure

3rd May 2013 The African Development Bank (AfDB) launched its 'Structured Finance – Conditions for infrastructure project bonds in African markets' report at the International Monetary Fund–World Bank Spring Meetings in the US in late April. →

R300m air separation plant to cater for new E Cape industrial prospects

3rd May 2013 Site clearance and preparation for the construction of industrial gas supply company Air Products’ R300-million air separation unit (ASU) in the Coega Industrial Development Zone (IDZ) would start in June, with construction and commissioning scheduled for completion by the third quarter of... →

Long-term fundamentals of SA’s platinum sector remain strong

3rd May 2013 JOHANNESBURG (miningweekly.com) – The long-term fundamentals of South Africa’s platinum mining industry remained attractive, despite labour unrest, increasing electricity prices and high operating costs, research firm Frost & Sullivan has indicated. The growing global vehicle fleet and the... →

R300m SA wind tower factory to reach full production by Feb/March 2014

2nd May 2013 South Africa’s first wind tower manufacturing facility, which will be built at a cost of R300-million in the Coega Industrial Development Zone, outside Port Elizabeth, would produce its first units by November and reach full production by February or March next year, DCD Wind Towers MD Rob King... →

Sylvania reports sustained Q3 production, despite various challenges

30th April 2013 Despite operations being impacted by safety stoppages at its host mines, Aim-listed Sylvania Platinum managed to keep production from its dump operations fairly unchanged at 10 583 oz of platinum-group metals (PGM) and achieve a 5% increase in revenue from $10.1-million to $10.7-million during... →

London hearing on AASA silicosis claims to start Wed

30th April 2013 On Wednesday, a two-day hearing would start in London’s High Court to decide whether 2 500 gold miners who worked at Anglo American South Africa’s (AASA’s) gold mines can pursue their silicosis compensation claims in England. The claimants, who hail from impoverished areas in the Eastern Cape,... →

Amplats to reveal restructuring plans on May 6

30th April 2013 JSE-listed Anglo American Platinum (Amplats) on Tuesday announced that the outcome of the ongoing consultation process relating to its proposed Section 189 restructuring would be postponed to May 6. On March 28, Amplats, the Department of Mineral Resources (DMR), the National Union of... →

SA industrial rentals slowly recovering

30th April 2013 The yearly growth in industrial rentals was slowly recovering in South Africa, seemingly benefiting from the lagged impact of declining vacancy rates, property consultancy Rode & Associates’ latest report on the local property market has revealed. “In fact, such has been the acceleration in the... →

SA companies face water-related risks – report

29th April 2013 South African companies seem to be particularly exposed to water-related risks with 71% of respondents in the Carbon Disclosure Project’s (CDP’s) Water Disclosure Report 2012 indicating that they have experienced financially material water-related impacts. The National Business Initiative, which... →

Takeovers Panel issues interim order in Firestone takeover

29th April 2013 The Australian Takeovers Panel has issued an interim order to prevent ASX- and TSX-listed Firestone Energy and ASX-listed Waterberg Coal Company (WCC), previously Range River Gold, from further communicating with Firestone’s shareholders regarding WCC’s takeover offer. Firestone on April 18... →

Paragon Diamonds increases processing rate at Lesotho project

29th April 2013 Aim-listed Paragon Diamonds on Monday said it had increased the plant processing rate at its Lesotho-based Lemphane kimberlite project bulk-sampling programme to over 230 t/d. The company indicated that it had also completed the processing of two additional kimberlite samples of 3 371 t and 1 201... →

WTO announces final two candidates in DG selection process

29th April 2013 World Trade Organisation (WTO) general council chairperson Shahid Bashir on Monday announced that Herminio Blanco, of Mexico, and Roberto Carvalho de Azevêdo, of Brazil, had progressed to the final round of the organisation’s director-general selection process. Speaking at a meeting of heads of... →

Amplats names Moosa new nonexecutive chairperson

26th April 2013 Platinum major Anglo American Platinum (Amplats) on Friday said it had appointed Valli Moosa as independent nonexecutive chairperson with immediate effect. Moosa’s appointment followed the retirement of former Anglo American CEO Cynthia Carroll. →

Africa’s airport operators, govts must collaborate to enable econ growth

26th April 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... →

After 22-year interlude, IMF recognises Somali government

26th April 2013 The International Monetary Fund (IMF) on Monday announced that it now recognised the new Federal Government of Somalia, which took office in September last year, paving the way for the resumption of relations after a 22-year interlude. Recognition of the government, which is headed by President... →

Compact mobile maize-milling plant unveiled

26th April 2013 Food processing plant and equipment supplier Bühler South Africa on Friday launched its 2 t/h mobile Isigayo compact mill, aimed at tackling government’s mandate of developing the small-scale milling sector and improving food security in the Southern African region. The equipment supplier’s... →

First of eight Zimbabwe toll plazas opens

26th April 2013 Construction consortium Infralink has officially opened Zimbabwe’s first toll plaza at Ntabazinduna, 20 km outside Bulawayo. The plaza is the first of eight being constructed as part of the R1.4-billion Phase 1 of the Zimbabwean government’s initiative to upgrade the logistics networks in the... →

DTI lauds jobs success of textiles competitiveness scheme

26th April 2013 The Clothing and Textiles Competitiveness Programme (CTCP) had, to date, created more than 12 000 new permanent jobs in South Africa’s clothing, textiles, leather and footwear sectors, Department of Trade and Industry director-general Lionel October said on Monday. Speaking at the Source Africa... →

Bronkhorstspruit biogas project poised to move into construction in June

26th April 2013 Construction on the Bronkhorstspruit Biogas Plant (BBP) would start in June and be completed in the first quarter of next year, the project developer Bio 2 Watt says. Founder Sean Thomas told Engineering News Online that the project, with an initial installed capacity of 3 MW, would reach... →

Dismissals could soar as workers opt out of unions – lawyer

26th April 2013 JOHANNESBURG (miningweekly.com) – The apparent opting out of labour union membership in South Africa amid a wave of wildcat strikes, could mark a rise in employee terminations, should companies lose confidence in collective bargaining, law firm Routledge Modise employment director Prince Mafojane... →

Davis agrees to step down as Glencore-Xstrata merger clears last major hurdle

26th April 2013 JOHANNESBURG (miningweekly.com) – Xstrata CEO Mick Davis has agreed to not take up the six-month role of CEO and executive director of the combined Glencore Xstrata group – one of the conditions set by China’s Ministry of Commerce (Mofcom) for it to approve the $33-billion deal. Swiss commodities... →

AMCU indicates it will reject CoM collective bargaining proposal

26th April 2013 JOHANNESBURG (miningweekly.com) – Although the Chamber of Mines (CoM) was expecting to receive a formal response from the Association of Mineworkers and Construction Union (Amcu) regarding its proposed formation of a centralised bargaining forum for the platinum sector soon, Amcu president Joseph... →

Local new car sales show good growth in 2013 – Standard Bank

25th April 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 was showing good growth of 4.1% to more than 163 000 units during the first three months of this year, up from the... →

Ncondezi concludes power agreement with Mozambique government

25th April 2013 Aim-listed Ncondezi Coal has concluded a power framework agreement with the Mozambique government in relation to its proposed 1 800 MW Ncondezi power project in the Tete province. The agreement would govern the relationship between Ncondezi and the government during the development phase of the... →

Mponeng worker dies in loco accident

25th April 2013 The Department of Mineral Resources (DMR) has stopped operations on one level at South African gold major AngloGold Ashanti’s Mponeng mine, near Carletonville, after a worker was fatally injured. The locomotive operator was killed when a locomotive struck him. AngloGold Ashanti indicated that the... →

Kibo selects Korean power company to participate in Rukwa power project

24th April 2013 Tanzania-focused exploration and development company Kibo Mining on Wednesday said it had concluded its selection of global power producer Korea East-West Power (EWP) as the preferred strategic participant for its Rukwa coal-to-power project. Kibo added that negotiations were currently under way... →

Exxaro considers selling NCC

24th April 2013 Diversified resources group Exxaro is calling for expressions of interest from parties to acquire its New Clydesdale Colliery (NCC) operation, near eMalahleni, in Mpumalanga. The company announced on Wednesday that it had started a process that could result in the disposal of NCC. →

Long-term fundamentals of SA’s platinum sector remain strong

24th April 2013 The long-term fundamentals of South Africa’s platinum mining industry remained attractive, despite labour unrest, increasing electricity prices and high operating costs, research firm Frost & Sullivan has indicated. The growing global vehicle fleet and the improving performance of the US and... →

Manufacturing Circle calls for monetary policy review

24th April 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... →

SA businesses to finance growth through retained earnings, sitting on cash piles – report

23rd April 2013 Advisory firm Grant Thornton’s International Business Report (IBR) 2013 shows that nearly 80% of South African business executives plan to finance organisational growth over the next three years through retained earnings. The firm indicated this highlighted a deep-seated need for greater... →

Redefine raises R800m in book build

23rd April 2013 Property loan stock company Redefine Income Fund has closed an R800-million book building after strong demand resulted in the initial proposed amount of R650-million being oversubscribed. The company had initially proposed to raise about R650-million through the issue of new shares. The offer was... →

Thani takes over management of Stratex JV projects

23rd April 2013 Aim-listed Stratex International on Tuesday said its Afar joint venture (JV) partner Thani Ashanti had assumed management of the partnership’s two copper projects in Ethiopia and the Republic of Djibouti, as it had met the JV criteria for earning a 51% stake in these projects. In terms of a... →

SA Corporate Real Estate awards property management contract to Broll

22nd April 2013 JSE-listed SA Corporate Real Estate Fund on Monday said it had awarded the contract for the property management of its entire portfolio to property group Broll, effective from July 1. SA Corporate’s portfolio comprises 139 properties, covering 1.19-million square metres of lettable area,... →

CMH reports 51.5% growth in 2012 headline earnings

22nd April 2013 JSE-listed Combined Motor Holdings (CMH) recorded a 51.5% increase in headline earnings a share to 183.9c for the year ended February, boosted by net finance charges that grew by 26% off a low base and a reduced tax rate of 24%, down from 27%. This represented a 25.4% return on shareholders'... →

Zondereinde mine strike persists, losses grow

22nd April 2013 The three-week dispute by rock drill operators (RDOs) at JSE-listed Northam Platinum’s Zondereinde mine has seen the company lose about 16 000 oz of metal-in-concentrate production and roughly R180-million in revenue. The company has reported that although the 580 RDOs had been going underground,... →

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