Idéle Esterhuizen

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Idéle Esterhuizen

AngloGold workers return to work after brief strike

22nd April 2013 All workers who participated in a work stoppage at Africa-focused AngloGold’s Mponeng and Moab Khotsong mines on Saturday, resumed work on Sunday evening, spokesperson Alan Fine has indicated. About 2 500 workers at the Moab Khotsong mine, 160 km southwest of Johannesburg, and all the workers at... →

Edenville raises over £100 000 through share subscription

22nd April 2013 As part of the Equity Finance Facility (EFF) it announced in March, coal focused African energy exploration and development company Edenville Energy on Monday has raised £106 895 through a subscription for new ordinary shares in the company’s capital by Henderson Global Investors' Volantis... →

Auction generates $15.2m revenue for Gemfields

22nd April 2013 Aim-listed Gemfields sold 6.3-million carats of predominantly lower quality rough emeralds and beryl extracted from its Zambia-based Kagem mine, last week, generating $15.2-million in revenue. The auction was the second of the current financial year, which ends on June 30, and was held at the... →

Eastplats suspends Crocodile River funding

22nd April 2013 Canada-based platinum miner Eastern Platinum (Eastplats) on Monday said it would suspend funding for its South African Crocodile River mine (CRM) development plan, owing to the continuing negative outlook in the global economic environment, the sustained weakness in platinum-group metals (PGM)... →

SA trade still recovering, dragged down by world economy, mine strikes – Marcus

19th April 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 on Friday. She stated that South... →

AfDB launches African infrastructure finance report

19th April 2013 The African Development Bank (AfDB) on Friday 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. The report explored how structured finance techniques could mobilise... →

DRC copper export ban will have no real impact on operations – Tiger

19th April 2013 Toronto- and Sydney-listed Tiger Resources on Friday said there will be no material impact on its operations or the continued sale of copper concentrate from its Kipoi copper mine, in the Katanga province, in the Democratic Republic of Congo (DRC), after the country’s government banned the export... →

Anglo American Q1 metallurgical coal, copper output up

19th April 2013 Diversified miner Anglo American’s metallurgical coal production reached a record 7.2-million tons for the quarter ended March 31, 2013, with export metallurgical coal production having increased by 23% year-on-year to 4.6-million tons. However, the group indicated that this was partially offset... →

Kumba Q1 output up 15%

19th April 2013 JSE-listed Kumba Iron Ore’s output for the quarter ended March 31 was 15% higher quarter-on-quarter at 10.34-million tons, owing to improved production at its Sishen mine and good performance at its Kolomela mine, both in the Northern Cape. Although production at Sishen fell by 11% year-on-year... →

South Africa should look to tap power from big Moz gas finds

19th April 2013 Gas would form a key part of South Africa’s future power generation mix, with the focus to fall on liquefied natural gas (LNG) in the short term and on shale gas in the long term, Standard Bank power and infrastructure head in South Africa Ntlai Mosiah said Monday. “The implications for South... →

Umgeni Water seeks contractor for 55 Mℓ/d raw water treatment works

19th April 2013 State-owned water utility Umgeni Water has called on competent contractors to tender for the construction of the 55 Ml/d Lower Thukela Bulk Water Supply Scheme (LTBWSS) adjacent to the Thukela river, in KwaZulu-Natal. Corporate stakeholder manager Shami Harichunder told Engineering News Online... →

City Power to focus initially on larger power users as it launches smart-meter roll-out

19th April 2013 Power utility City Power on Thursday said it was finalising a programme for the roll-out and installation of about 250 000 smart meters for consumers in Johannesburg over a three-year period. The programme, of which the initial phase would focus on larger power users (LPUs), was expected to be... →

NamPower starts prequalification process for Kudu EPC contractor

19th April 2013 Namibia’s power utility NamPower has kicked of the prequalification process for the provision of a turnkey engineering, procurement and construction (EPC) solution for the 800 MW Kudu gas-to-power project that it was currently developing, near Oranjemund, in Namibia, by inviting qualified... →

Report raises concern over SA’s approach to construction tender evaluation

19th April 2013 With the South African government earmarking R827-billion for infrastructure development over the next three years, the Construction Industry Development Board (CIDB) has indicated its concern after its recent Construction Industry Indicators (CII) report revealed that only about 50% of South... →

DiamondCorp finalises funding package for Lace mine

19th April 2013 JOHANNESBURG (miningweekly.com) – Southern African diamond development and exploration company DiamondCorp has finalised the £23-million finance package for the 47-level block cave development at its Lace mine, in the Free State. The company reported on Wednesday that it had received the final... →

SA mining output up 7% year-on-year in February, reflecting low 2012 base

19th April 2013 JOHANNESBURG (miningweekly.com) – Mining production in South Africa increased in February, growing 7% year-on-year, following the downwardly revised 6.7% growth in January, Statistics South Africa’s (Stats SA’s) preliminary ‘Mining: Production and Sales’ report has shown. The highest positive... →

Continental Coal finalises Mashala Resources deal

18th April 2013 ASX- and Aim-listed Continental Coal on Thursday 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... →

RBPlat reports higher production despite tough market conditions

18th April 2013 Notwithstanding a challenging business environment, black-empowered platinum producer Royal Bafokeng Platinum (RBPlat) reported a 4% year-on-year increase in total tonnes delivered to concentrators during the quarter ended March 31, while milled tonnes increased by 8% and the built-up head grade... →

SA miners most exposed to risk of tumbling gold prices – Fitch

18th April 2013 South African miners had the biggest exposure to the risk of falling gold prices, owing to high production costs that were rising further at a fast pace, ratings agency Fitch said on Thursday. The agency indicated in a statement that, while prices could recover quickly if worries over the... →

Rebosis expects Comp Commission approval of Sunnypark Centre deal soon

18th April 2013 JSE-listed black-managed Rebosis Property Fund expected the Competition Commission to approve its acquisition of the Sunnypark Centre, in Pretoria, within the next week, while transfer was anticipated in the third week of May, CEO Sisa Ngebulana said on Thursday. The deal was among agreements... →

Fading confidence in collective bargaining could lead to job cuts, warns law firm

18th April 2013 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 has said. “The spate of... →

Hospitality to buy 100% stake in Radisson Blu Gautrain hotel for R443m

17th April 2013 Hospitality Property Fund’s (HPH’s) wholly owned subsidiary HPF Properties (Propco) has entered into a new sales agreement with Savana to acquire 100% of the Radisson Blu Gautrain hotel and conference centre, in Sandton, for about R443.39-million. Propco had cancelled the initial sale agreement,... →

Zeder agrees to buy Capespan for R285m

17th April 2013 Investment company Zeder, through its wholly owned subsidiary Zeder Financial Services, on Wednesday said it had reached an agreement to acquire the entire shareholding held by Total Produce in global fruit procurement company Capespan Group for R258-million. The amount was to be paid in cash by... →

N1-N2 Winelands improvements to benefit surrounding communities, create jobs

16th April 2013 The South African National Roads Agency Limited (Sanral) spokesman Vusi Mona has rejected reports that the N1-N2 Winelands toll highway project would adversely affect members of impoverished communities in the area. Mona indicated that since preparations for the N1-N2 Winelands toll highway... →

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

16th April 2013 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 trader Glencore announced on... →

Preparations for construction of Air Products’ R300m ASU plant to start in June

16th April 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 2014.... →

Amcu indicates it will reject CoM collective bargaining proposal

16th April 2013 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 Mathunjwa told Mining Weekly... →

Firestone enters into talks with interested funders

16th April 2013 ASX- and JSE-listed Firestone Energy has entered into discussions with interested parties regarding future funding. The company, which is currently the takeover target of fellow ASX-listed Range River Gold, indicated that it was currently in the early stages of formulating offers, which were... →

Construction on Bronkhorstspruit biogas plant to start in June

16th 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... →

Textiles competitiveness programme creates over 12 000 permanent jobs – DTI

15th 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... →

IMF recognises new Somali federal government

15th 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... →

Bühler South Africa launches compact mobile maize-milling plant

12th 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... →

Afrimat makes offer to remaining Infrasors investors

12th April 2013 JSE-listed construction materials supplier Afrimat has offered remaining shareholders of South African resources group Infrasors 35c a share to acquire their shareholding in the company, the same price at which it bought the initial 50.7% interest from Hanchurch Asset Management and retiring... →

Africa’s focus on ‘new’ infrastructure contributing to maintenance deficit

12th April 2013 The emphasis on building new infrastructure in South Africa, as well as the rest of Africa, was to the detriment of the continent’s existing infrastructure, creating a maintenance deficit, Industrial Development Corporation (IDC) learning and development department head Eric Mahamba-Sithole said... →

Randgold ‘rapidly advancing’ growth projects – Bristow

12th April 2013 JOHANNESBURG (miningweekly.com) – Africa-focused miner Randgold Resources is rapidly advancing its further growth projects and examining new joint-venture opportunities, CE Mark Bristow said on Thursday. At the release of the company’s 2012 annual report, he emphasised that Randgold’s top... →

Cutifani says he’ll initially focus on value creation

12th April 2013 JOHANNESBURG (miningweekly.com) – Diversified miner Anglo American’s new CEO Mark Cutifani has indicated that his initial focus would be to find ways to improve value creation within the company. “I will look to start with the value proposition for being a major diversified [company]. I will look... →

Third licence added to Botswana Diamonds/Morminas agreement

11th April 2013 Aim-listed Botswana Diamonds on Thursday said a third license block would now be evaluated on the Save river, in Mozambique, as part of its recently signed option agreement with a Mozambican company Morminas. Botswana Diamonds aimed to explore the potential for alluvial and eluvial deposits that... →

SA mining output up 7% y/y in February, reflecting low 2012 base

11th April 2013 Mining production in South Africa increased in February, growing 7% year-on-year, following the downwardly revised 6.7% growth in January, Statistics South Africa’s (Stats SA’s) preliminary ‘Mining: Production and Sales’ report has shown. The highest positive growth rate of 66% in February was... →

Sable Platinum buys 4% stake in Global Initiatives for $4m

11th April 2013 Platinum exploration company Sable Platinum on Thursday said it had entered into an agreement to acquire a 4% equity interest in Botswana-based mining company Global Initiatives for $4-million. In terms of the agreement with Global’s executive director Atang Makgekgenene, Sable had also been... →

Zondereinde strike persists despite interdict

11th April 2013 Striking rock drill operators at JSE-listed Northam Platinum’s Zondereinde mine have still not returned to work, despite being served with an interdict issued by the Labour Court, which ruled that the current work stoppage at the mine was unprotected. The interdict directed the roughly 500... →

DiamondCorp finalises funding package for Lace mine

11th April 2013 Southern African diamond development and exploration company DiamondCorp has finalised the £23-million finance package for the 47-level block cave development at its Lace mine, in the Free State. The company reported on Wednesday that it had received the final tranche of £1.96-million of funds... →

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