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Manufacturing Indaba launches IoT conference
7th May 2018 The Manufacturing Indaba 2018 will host a one-day conference that will focus exclusively on the Internet of Things (IoT) and the Fourth Industrial Revolution. The event will reveal how manufacturers will be impacted and enable knowledge sharing, as well as offer insight into the latest global... →
Raubex closes two businesses amid low govt infrastructure spend
7th May 2018 JSE-listed construction group Raubex has closed two businesses – L&R Civils and Strata Civils – as government spend on infrastructure remains low. Reporting its results for the financial year ended February 28, on Monday, Raubex said challenging market conditions in the South African construction... →
Zimbabwe trying to win back investors’ trust
7th May 2018 Zimbabwe is committed to introducing mining policy certainty to win back investment and revive the industry following the swearing in of President Emmerson Mnangagwa late last year. Mnangagwa is seeking to revive the economy and attract mining investment and has pledged investor-friendly policy... →
Grindrod confirms planned June listing for shipping business
7th May 2018 JSE-listed Grindrod has confirmed the planned separate listing of its shipping division on the Nasdaq, and a secondary listing on the JSE, for June. Subject to approval by Grindrod shareholders at a meeting to be held on June 4, Grindrod Shipping will list in the Industrial-Transportation... →
New book places spotlight on nanotechnology applications and ethics
4th May 2018 The Mapungubwe Institute for Strategic Reflection (Mistra) officially launched its new research book Beyond Imagine: The Ethics and Applications of Nanotechnology and Bio-Economics, in Pretoria, earlier this month. The book looks at countries like India, where nanotechnology is being supported as... →
New technologies key to driving Africa’s growth
4th May 2018 Africa has a historic opportunity to accelerate growth and development by tapping into the potential that new technologies hold, ABB Asia, Middle East and Africa region President Dr Chun-Yuan Gu said on Tuesday. Delivering the keynote speech at the ABB Customer World Africa 2018 conference in... →
DBSA appoints new CFO
4th May 2018 Boitumelo Mosako has been appointed CFO of development finance institution the Development Bank of Southern Africa (DBSA), effective April 1. Prior to joining the DBSA, she served as the CFO at the South African Bureau of Standards. →
CSIR developing biodegradable plastic solutions
4th May 2018 Most of the plastics used in South Africa are nonbiodegradable, especially in the packaging industry, and end up in landfills, posing environmental threats and health concerns, Council for Scientific and Industrial Research (CSIR) polymer modification group leader Dr Avashnee Chetty says.... →
ELB gets go-ahead for construction at Ngodwana biomass plant
4th May 2018 JSE-listed ELB’s ELB Engineering subsidiary, together with its project partner, KC Cottrell, has received notice to proceed with the building of a 25 MW biomass power plant for Ngodwana Energy following the successful bid in terms of the Renewable Energy Independent Power Producer Procurement... →
Amplats procures energy storage system for Amandelbult
4th May 2018 Anglo American Platinum (Amplats) has contracted energy storage systems provider Primus Power to supply its Amandelbult mine, in Limpopo, with eight EnergyPod battery systems. The EnergyPods will provide Amandelbult with 200 kW of power and 1 000 kWh of energy. →
Seifsa encouraged by Absa PMI improvement
2nd May 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is encouraged by the improvement in the Absa Purchasing Managers Index (PMI) for April, released on Wednesday, with the data showing that businesses are slowly responding to a buoyant consumer, business and investor... →
Increase in gold exploration dollars spent not yet reflected in new discoveries
2nd May 2018 Although gold exploration budgets have fallen from a ten-year peak in 2012, spending on finding new gold ounces remains at historically high levels, a report from S&P shows. It points out that $54.3-billion has been allocated to gold exploration over the past decade, almost 60% higher than the... →
Galileo continues discussions with MPP
2nd May 2018 Aim-listed Galileo Resources has reported that negotiations with an undisclosed major phosphate/fertiliser producer (MPP) are continuing positively. The company is talks with the MPP to finalise a definitive agreement to supply, for up to 15 years, raw phosphate rock in the form of flotation... →
Sylvania’s Q3 production falls after ‘challenging’ January
30th April 2018 A challenging January has resulted in Aim-listed Sylvania Platinum’s four-element (4E) platinum group metals (PGMs) production decreasing by 3% quarter-on-quarter to 16 857 oz for the third quarter ended March 31. “January was a particularly difficult month due to the impact of the delays with a... →
Aveng announces early bond redemption and R1.8bn rights issue
30th April 2018 JSE-listed construction group Aveng will implement a R1.8-billion rights offer to raise the capital needed to fund the early redemption of a portion of its existing convertible bonds of R2-billion. The rights offer will also add R300-million in new capital into the business. →
New technology being used to immortalise Mandela in centenary coins
27th April 2018 The South African Mint, a subsidiary of the South African Reserve Bank, will roll out a series of three collectable and one circulation coin depicting the life of distinguished statesman and global icon, Nelson Mandela, whose centenary is being commemorated this year. A bimetallic R5 circulation... →
SAA fills critical vacancies as it pursues turnaround
27th April 2018 South African Airways (SAA) has announced key appointments to fill the critical skills gap at the airline as it forges ahead with implementing a turnaround plan. Pumla Luhabe was appointed chief commercial officer, Bob Head CFO, Hendus Venter CIO, Mpati Amelia acting chief legal officer and... →
Nersa reappoints part-time regulator members
27th April 2018 Energy Minister Jeff Radebe has reappointed Jacob Modise, Maleho Nkomo and Fungai Sibanda as part-time regulator members of the National Energy Regulator of South Africa (Nersa). Modise was reappointed as Nersa chairperson and Nkomo as deputy chairperson. →
New technology being used to immortalise Mandela in centenary coins
27th April 2018 The South African Mint, a subsidiary of the South African Reserve Bank, will roll out a series of three collectable and one circulation coin depicting the life of distinguished statesman and global icon, Nelson Mandela, whose centenary is being commemorated this year. A bimetallic R5 circulation... →
Nanoclay technology being developed as possible means to treat AMD
27th April 2018 The Council for Scientific and Industrial Research (CSIR) is developing low-cost polymer-based adsorbents for the removal of toxic pollutants such as heavy metals, anions and organics, from wastewater, that could be applied in the treatment of acid mine drainage (AMD). AMD is the outflow of... →
PTM completes Maseve mine sale
26th April 2018 Platinum Group Metals (PTM) has concluded the sale of its equity in Maseve Investments, the holding company of the Maseve mine, to Royal Bafokeng Platinum (RBPlat). The aggregate consideration for the sale comprised 4.871-million RBPlat common shares, which have been delivered, and the... →
Norilsk sees increase in all metals during Q1
26th April 2018 Russian palladium and nickel mining company Norilsk Nickel, which also owns operations in Finland and South Africa, increased production of all key metals in the first quarter of the year. “The main phase of our downstream reconfiguration programme was completed last year and work-in-progress... →
HMI postpones publication of provincial findings report
26th April 2018 The Health Market Inquiry (HMI) has postponed the publication of its provisional findings and recommendations report to May 31, to afford HMI experts sufficient time to assess and interrogate submissions raised in stakeholder responses, which were submitted in April. The report was due to be... →
Increasing debt at water trading entity unacceptable – Portfolio Committee
26th April 2018 The Portfolio Committee on Water and Sanitation is worried about the Department of Water and Sanitation (DWS) Water Trading Entity’s (WTE’s) increasing debt book, despite various calls by the committee to use intergovernmental relations framework avenues to address the problem, committee... →
Gem lifts Q1 production, sales
26th April 2018 LSE-listed Gem Diamonds’ carat recoveries increased by 32% year-on-year to 33 526 ct for the three months ended March 31, compared with the 25 479 ct recovered in the first quarter of 2017. Carat recoveries also rose by 10% on the 30 560 ct recovered in the December 2017 quarter. →
Lucara recovers 327 ct diamond from Karowe
26th April 2018 Diamond producer Lucara Diamonds has recovered a 327 ct, top white gem diamond from its 100%-owned Karowe diamond mine, in Botswana. Eight diamonds greater than 100 ct have now been recovered at Karowe since the beginning of the year, including a 472 ct diamond. →
RBPlat CFO resigns
26th April 2018 Martin Prinsloo has resigned as CFO and executive director of Royal Bafokeng Platinum (RBPlat), effective August 10. He has been with the company for nine years and is leaving to pursue other opportunities. →
MC Mining’s Q3 output falls on equipment availability challenges at Uitkomst
26th April 2018 Equipment availability challenges resulted in an 18% quarter-on-quarter decrease in production at MC Mining’s Uitkomst metallurgical and thermal coal colliery to 115 750 t for the three months ended March 31. “The contract miner experienced equipment availability challenges during the quarter,... →
Pests, diseases a burden on agriculture – ARC
25th April 2018 Despite an influx of agricultural imports and an increase in pests and diseases coming into the country over the past 20 years, South Africa has not invested adequately in pest and disease control strategies, says Agricultural Research Council (ARC) president Shadrack Moephuli. “We have not been... →
Africa’s population growth could drive South Africa’s livestock exports
25th April 2018 Africa’s population is expected to grow by 25% by 2050, creating an expanding middle class population that will require an affluent protein diet, Agricultural Research Council (ARC) research institute manager Dr Misheck Mulumba said on Wednesday. Addressing delegates at a public awareness day... →
Gécamines says was forced to seek dissolution of Katanga’s Kamoto
24th April 2018 State-owned La Générale des Carrières (Gécamines) says it was forced to take legal action to dissolve TSX-listed Katanga Mining’s Kamoto Copper Company (KCC) for failure to restore shareholders’ equity within the legal time period. The State-owned miner has initiated court proceedings to seek the... →
Minigrid research, development fund launched for sub-Saharan Africa
24th April 2018 Investment firm CrossBoundary, in partnership with The Rockefeller Foundation, on Tuesday launched the Mini-Grid Innovation Lab, in Nairobi, Kenya. The lab is the first research and development fund for sub-Saharan Africa that focuses exclusively on testing business model innovations in the... →
Agri SA spent R331m on transformation in 2016/17
24th April 2018 Members of agricultural industry association Agri SA spent R331-million on transformation during the 2016/17 financial year and reached an estimated 108 307 beneficiaries, including 55 000 farmers. This is according to the 2018 Agri SA transformation report, which was released on Tuesday, and is... →
MC Mining appoints new board members
24th April 2018 Coal developer MC Mining has appointed CFO Brenda Berlin as an executive director to its board and also announced two nonexecutive director appointments. Berlin was named CFO in November last year and joined MC from Impala Platinum, where she held a number of senior appointments, including head... →
Anglo reports 4% increase in Q1 production
24th April 2018 Diversified miner Anglo American on Tuesday reported a 4% year-on-year increase in total production on a copper equivalent basis in the first quarter ended March. The company had a “solid start to 2018”, despite the suspension of operations at the Minas-Rio mine, in Brazil, CEO Mark Cutifani said. →
DMR’s appeal of High Court ruling to further delay Mining Charter 3
24th April 2018 Mineral Resources Minister Gwede Mantashe’s application for leave to appeal the Pretoria High Court’s decision on the ‘once empowered, always empowered’ principle under the Mining Charter is regrettable, says Herbert Smith Freehills co-chairperson and partner Peter Leon. He added that the... →
Commissioning of automated underground mine drives growth at Randgold’s Kibali mine
24th April 2018 The successful commissioning of the automated materials handling system at Randgold Resources’ Kibali underground operation is supporting the mine’s planned ramp-up in production, CEO Mark Bristow says. The mine, in the Democratic Republic of Congo, is on track to achieve its production guidance... →
Minas-Rio disruptions to cut Anglo’s earnings by up to $400m
24th April 2018 Diversified miner Anglo American expects the continued disruptions at its Minas-Rio iron-ore mine, in Brazil, to result in a reduction in earnings before interest, taxes, depreciation and amortisation of between $300-million and $400-million for this year. Production was suspended at the mine in... →
Hyprop FD resigns
23rd April 2018 Laurence Cohen has resigned as JSE-listed Hyprop’s FD, effective August 1, to pursue personal interests. The appointment of a new FD will be announced in due course. →
Amplats procures energy storage system for Amandelbult
23rd April 2018 Anglo American Platinum (Amplats) has contracted energy storage systems provider Primus Power to supply its Amandelbult mine, in Limpopo, with eight EnergyPod battery systems. The EnergyPods will provide Amandelbult with 200 kW of power and 1 000 kWh of energy. →
Gold tracks the dollar as investments take a back seat – WGC
23rd April 2018 A new report published by the World Gold Council (WGC) shows that the US dollar is again a strong indicator of the direction of the gold price. “Historically, gold has had a consistently negative correlation to the US dollar. Gold’s relationship with the dollar is determined by US-based gold... →
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