Natalie Greve

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Natalie Greve

Natalie Greve is Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: natalie@engineeringnews.co.za

Aquarius’s first-quarter output increases, metals prices cut profits

6th November 2015 Triple-listed Aquarius Platinum has lifted attributable production for the quarter ended September 30 by 8% year-on-year to 93 513 oz of platinum-group metals (PGMs). The group’s Kroondal mine lifted output 4% year-on-year to 58 418 oz in the first quarter of the 2016 financial year, while... →

R300m fund for SMMEs in renewable energy sector launched

5th November 2015 Specialist risk finance group Business Partners has launched a dedicated R300-million fund earmarked for the financing of new or existing small, medium-sized and microenterprises (SMMEs) in the South African renewable-energy space, providing equity and debt finance of between R500 000 and... →

Fossil fuels to remain key component of energy mix, reiterates DoE

4th November 2015 As South Africa continues to await the tabling of the country’s Integrated Energy Plan (IEP) by Energy Minister Tina Joemat-Pettersson, Department of Energy (DoE) energy planning chief director Tshilidzi Ramuedzisi has reiterated that fossil fuels will continue to play a prominent role in the... →

S African coal exports unsustainable at long-term prices – Prevost

4th November 2015 XMP Consulting coal analyst and Eskom consultant Xavier Prevost has again argued against the continued large-scale export of coal from South Africa, telling delegates at the Fossil Fuel Foundation’s third Electricity Conference, in Germiston, on Wednesday, that long-term export coal prices would... →

Photo by Duane Daws
Xavier Prevost

Samancor to cut 500 jobs – Solidarity

3rd November 2015 Trade union Solidarity says a “major” restructuring process at Samancor Manganese’s Metalloys plant, in South Africa, will affect 500 employees in various sections of the company. According to Solidarity, the manganese producer made the announcement in a section 189 notice and would soon begin a... →

Aureus buys gold corridor licences adjacent to its Liberia mine

3rd November 2015 West African gold producer Aureus Mining has inked a deal that will see it acquiring three exploration licences contiguous to the company's Bea Mountain mining licence and located close to the New Liberty gold mine, in Liberia, from counterpart Sarama Resources. Following the completion of the... →

W Cape bee population threatened by bacteria strain, govt warns

3rd November 2015 The bee population of the Western Cape is being seriously threatened by American Foulbrood (AFB) – an infection caused by the spore-forming bacterium Paenibacillus larvae – with knock-on effects likely to be felt in the downstream agriculture industry, the Western Cape provincial government has... →

Threat of Zim airport closure a cautionary tale, Gibb asserts

3rd November 2015 Black-owned engineering consulting firm Gibb has intensified calls for the upgrade of Africa’s ageing airport infrastructure, arguing that aviation investment is becoming increasingly critical as the continent markets itself as an attractive and sustainable investment destination. “Poor records... →

Kilimanjaro airport

PTM secures $80m to advance WBJV mine

3rd November 2015 TSX- and NYSE-listed Platinum Group Metals (PTM) has delivered notice to Sprott Resource Lending Partnership for the drawdown of a $40-million working capital facility, executed in February. The company had also entered into agreements with its largest shareholder Liberty Metals & Mining... →

10% of S African firms victims of cyberattack in past year

3rd November 2015 As State Security Minister David Mahlobo delivered his opening address at the State Security Cybersecurity Conference, in Pretoria, on Monday, new global research from Grant Thornton’s International Business Report (IBR) on cybersecurity has revealed that cyberattacks continue to take a serious... →

Imperial offloads industrial equipment company for R1.03bn

3rd November 2015 JSE-listed Imperial Holdings has reached an agreement to dispose of the group’s interests in industrial equipment importer and distributor Goscor to the current management and minority acquirers of Goscor for R1.03-billion, which included the discharge of shareholder loans of R730-million. The... →

Development delays at Lace mine to hit 2016 Q1 cash flow

3rd November 2015 South African diamond asset developer DiamondCorp continues to advance development at the Lace diamond mine, in the Free State, with work on the Upper K4 (UK4) block focused on preparing the 310 m production level for production ramp-up by the end of the year. The company said in an update on... →

S Africa lambasts developed countries’ stance ahead of COP21

2nd November 2015 Four weeks ahead of the twenty-first Conference of the Parties (COP21) to the United Nations Framework Convention on Climate Change (UNFCCC), in Paris, Environmental Affairs Minister Edna Molewa has come out against what she describes as a reluctance by developed nations to agree to ambitious... →

Photo by Duane Daws
Edna Molwewa

PetroSA announces departure of suspended CEO

30th October 2015 South African national oil company PetroSA has reached an agreement with CEO Nosizwe Nokwe-Macamo that will see her employment terminated, with effect from November 1, the company said in a statement on Friday. Noting that the terms of the agreement were confidential, the company said the... →

Nosizwe Nokwe-Macamo

Singapore investor eyes stake in CoAL’s coking coal project

30th October 2015 Singaporean private investment firm Yishun Brightrise Investment has kicked off a due diligence investigation of Coal of Africa Limited’s (CoAL’s) Makhado coking coal project, in Limpopo, expressing its intent to acquire a stake in the potential 5.5-million-ton-a-year prospect. Potential... →

Photo by Duane Daws
CoAL CEO David Brown

Education to get a larger slice of 2016 budget pie, says Nene

30th October 2015 A little over a week after delivering his Medium-Term Budget Policy Statement to Parliament as students protesting under the #FeesMustFall campaign amassed outside, Finance Minister Nhlanhla Nene on Friday confirmed that additional funds would be committed to education in the 2016 National... →

‘Resilient’ small businesses now face funding, cash flow headwinds

30th October 2015 South African small- and medium-sized enterprises (SMEs) continue to show resilience in the face of lingering economic headwinds, funding shortfalls and delayed client payments, results from the 2015 National Small Business Survey released by the National Small Business Chamber (NSBC) have shown.... →

JSE property newcomer Acsion posts H1 NAV of R10.42

29th October 2015 Amid an operating environment that remained challenging and which drove a focus on cost control, real estate investment trust (Reit) Acsion – a relative newcomer to the JSE – recorded revenue of R215.4-million, a net profit after tax of R96-million and a net asset value (NAV) of R10.42 apiece in... →

Pivotal, Redefine, Abland buy Jhb land parcel in three-way deal

29th October 2015 Development-focused investment fund the Pivotal Fund has bought a 45% share in S&J Industrial – a 160 ha industrial parcel of land in Germiston, Johannesburg. This followed a joint venture agreement between Pivotal and counterparts Redefine Properties and Abland, whereby the land would be... →

Goldplat returns to profitability, seeks S American prospects in Q1

29th October 2015 Aim-listed Goldplat has reported “robust” gold production of 9 581 oz for the quarter ended September 30, pointing to stability across its South African, Ghanaian and Kenyan gold operations that has returned the company to profitability. Goldplat’s South Africa-based operation Goldplat Recovery... →

Localisation by oil, gas companies in Africa should go beyond ‘box-ticking’ – Deloitte

29th October 2015 Multinational oil and gas companies should embrace the concept of localisation in the countries in which they operate, partnering with governments and local communities to lower supply-chain costs, boost local skills development, reduce risk and enhance their local reputation, global audit and... →

Sephaku expects hefty 579% lift in H1 earnings

29th October 2015 Sephaku Holdings expects its earnings a share for the six months to September 30, to rise by up to 579% to between 9c and 9.4c apiece. Headline earnings a share were likely to increase by a similar margin – up to 566% – to between 8.92c and 9.32c apiece. →

African Potash secures finance deal for offtake partners

28th October 2015 Aim-listed explorer African Potash has advised that its investment banking adviser Loita Capital Partners International has arranged an offtaker finance facility term sheet with local bank Ecobank Malawi in respect of African Potash’s fertiliser trading operations on the continent. The bank would... →

Cesa youth forum calls for more jobs to be created

28th October 2015 Consulting Engineers South Africa’s (Cesa’s) Young Professionals Forum (YPF) has expressed its solidarity with students at tertiary institutions across the country in their fight against what it claims are “exorbitant” fees and fee increases, noting in a statement on Wednesday that the success of... →

Tribunal chair urges caution on potential Competition Act transgressions

28th October 2015 Competition Tribunal chairperson Norman Manoim has urged chartered secretaries and compliance officers to exercise caution during their governance of a company’s corporate activity, telling the Chartered Secretaries Southern Africa’s seventh yearly Corporate Governance Conference, on Wednesday,... →

Changes to investment Bill a ‘self-inflicted’ economic blow, think tank warns

27th October 2015 As Parliament’s Portfolio Committee on Trade and Industry continues to mull the Protection of Investment Bill, Johannesburg-based think tank the Institute for Race Relations (IRR) has described the proposed legislation as counter-productive, vague and in violation of South Africa’s trade... →

Minbos awarded licence over additional Angolan deposits

27th October 2015 ASX-listed Minbos Resources has secured licences for all deposits within its 50%-owned Cabinda phosphate project, in Angola. The company announced on Tuesday that the Angolan Ministry of Mines and Geology (MGM) had issued a licence for the Chivovo, Chibuete, Ueca, Cambota and Mongo Tando deposits. →

Kenmare’s Moma mine lifts Q3 heavy minerals concentrate output

27th October 2015 Mineral sands production from Kenmare Resources’ Moma titanium minerals mine, in Mozambique, continued to increase in the third quarter ended September 30, as the mine resumed steady operations following the flood damage to the power lines and industrial action in the first half of the year, the... →

Aquarius lifts Q1 output; metals prices cut profits

27th October 2015 Triple-listed Aquarius Platinum has lifted attributable production for the quarter ended September 30 by 8% year-on-year to 93 513 oz of platinum-group metals (PGMs). The group’s Kroondal mine lifted output 4% year-on-year to 58 418 oz in the first quarter of the 2016 financial year, while... →

True Gold names former Nevsun finance man CFO

27th October 2015 Replacing Ryan Torvik, who had been with the company since the prefeasibility stage of the flagship Karma gold mine, in Burkina Faso, TSX-V-listed True Gold Mining has appointed Peter Hardie as CFO, effective November 2. He would join the company from gold, copper and zinc miner Nevsun Resources,... →

Developing countries lose economic ground in Q2 – report

26th October 2015 Major emerging economies “once again” posted disappointing performances in the second quarter of the year, with growth broadly less dynamic than during the first quarter, owing to weaker commodities prices and currency depreciation against the dollar, new research by international credit insurer... →

WTO trade agreement could lift global exports by $1tn a year – report

26th October 2015 The first detailed study into the potential impact of the implementation of the World Trade Organisation’s (WTO’s) Trade Facilitation Agreement (TFA) has pointed to its potential to increase global merchandise exports by up to $1-trillion a year, with developing countries likely to capture more... →

Denel announces upcoming launch of maritime division

26th October 2015 After just under a year ago establishing its Integrated Systems & Maritime (ISM) division, South African State-owned aerospace and defence technology conglomerate Denel plans to officially launch the new business at the upcoming Maritime Africa conference and exhibition, in Cape Town, next month.... →

IFM stalls annual report as subsidiary’s business rescue process advances

26th October 2015 Ferrochrome producer International Ferro Metals (IFM) expects to publish the business rescue plan for its embattled South African subsidiary IFM South Africa (IFMSA) by November 30, noting in a statement on Monday that the business rescue process continues on schedule. The company added that, as... →

Commission refers case against WBHO, Group Five to tribunal

26th October 2015 Marking the end of the Competition Commission’s investigation into the alleged collusive conduct in the construction sector arising out of the fast-track process, the commission has referred to the Competition Tribunal the last case arising out of its investigation of bid-rigging in that sector.... →

Govt announces paper, packaging recycling plan

26th October 2015 South Africa is soon to introduce a Paper and Packaging Industry Plan that will require separation-at-source from a household level, bringing about a significant change in the current waste management regime, Environmental Affairs Minister Edna Molewa has announced. “This will not only minimise... →

Cabinet ratifies relaxation of controversial immigration laws

23rd October 2015 The Tourism Business Council of South Africa (TBCSA) has welcomed the ratification by Cabinet of changes to unpopular immigration regulations, noting that, while the organisation required additional time to apply its mind to the various amendments – some of which it believed remained ambiguous –... →

Cesa yearly conference to place infrastructure delivery at its centre

23rd October 2015 Consulting Engineers South Africa (Cesa) has rebranded its yearly conference and exhibition, dubbing the event, which looks to stimulate debate on key issues in the consulting engineering and infrastructure industries, the Cesa Infrastructure Indaba. The conference, which would be held in... →

MTN named Africa’s top brand

23rd October 2015 Demonstrating that established brands continue to hold sway on the continent, telecommunications provider MTN has retained the Best Brand in Africa title, clinching the Grand Prix award at the Brand Africa awards ceremony, in Johannesburg, on Thursday evening. The South Africa-based mobile group... →

Northam, Heraeus sign R300m platinum offtake, development deal

23rd October 2015 Platinum producer Northam Platinum has agreed terms to extend a cooperation agreement with offtake partner Heraeus Deutschland and Heraeus South Africa (HSA), the terms of which will see Heraeus contributing some R300-million to expand the capacity of Northam’s existing smelter. The R750-million... →

First ‘fully local’ solar PV projects selected under REIPPPP

23rd October 2015 The 5.8 MW Adams and 5.8 MW Bellatrix solar projects, in the Western Cape, have been selected under the Department of Energy’s (DoE’s) Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), becoming the first projects under the programme to be locally developed, designed,... →

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