Natalie Greve

https://staging1.creamermedia.com/

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

Sandton road users warned of ‘short-term pain’ as road upgrades continue

12th February 2016 Road construction under way in the Sandton central business district (CBD) is set to continue for the majority of 2016, with the City of Johannesburg investing R180-million in sweeping improvements to roads and pavements in the country’s financial and commercial hub. “It’s a welcome investment... →

Germans warn of investor nervousness following signing of new law

12th February 2016 South Africa’s Promotion and Protection of Investment Bill, which was signed into law by President Jacob Zuma in December, is likely to dull the appetite of potential German investors, as provisions contained within the newly enacted legislation effectively deprive the investor of any protection... →

Renewed calls for quality-based evaluation of construction tenders

12th February 2016 Declining levels of performance in the construction industry have prompted the Construction Industry Development Board’s (CIDB’s) renewed call for increased use of functionality when evaluating construction tenders in the public sector, with a recent study by the organisation indicating that 18%... →

DBSA, USTDA seek to accelerate infrastructure development in SSA

5th February 2016 Power, transport and information and communication technology infrastructure projects in sub-Saharan Africa (SSA) have received additional commitment from the Development Bank of Southern Africa (DBSA) and the US Trade Development Agency (USTDA), after the parties this week signed a cooperation... →

Chinese economic slump not the precursor to Africa’s demise – Tshabalala

5th February 2016 While Africa-friendly China’s economic growth languishes at 25-year lows, Standard Bank joint CEO Sim Tshabalala has deviated from popular economic opinion which cautions of a devastating knock-on effect of the slowdown on African economies, arguing instead that the Asian powerhouse’s transition... →

Potential bidders for R3.5bn Gautrain rolling-stock contract named

5th February 2016 Pointing to a sustained increase in ridership figures that continues to place strain on the Gautrain’s limited capacity, Gauteng MEC for Roads and Transport Dr Ismail Vadi has outlined the business case behind the decision to embark on a R3.5-billion acquisition of additional rolling stock for... →

Silver market deficit to widen in 2016 – report

29th January 2016 Global silver production is projected to fall in 2016 by as much as 5% year-on-year as output from more mature operations begins to decline and the lower-price environment provides little incentive for producers to invest in expanding capacity at existing operations, noted a report by specialist... →

Tiger overshoots FY guidance to deliver 26 151 t in 2015

29th January 2016 ASX-listed Tiger Resources has overshot its 2015 production guidance by 5% to deliver 26 151 t of copper, benefitting from a consistent performance from its Democratic Republic of Congo-based Kipoi project. A record 345 001 t of ore was stacked during the fourth quarter as part of Kipoi’s... →

Acacia reports fatality at North Mara

29th January 2016 A contract employee at Acacia Mining’s North Mara mine, in Tanzania, has passed away following a vehicle accident at the mine, the company has informed the market. Chacha Range was killed on Friday morning when the haul truck he was driving overturned on the haul road to the Gokona deposit. →

Sandton road users warned of ‘short-term pain’ as road upgrades set to continue into 2016

29th January 2016 Road construction under way in the Sandton central business district (CBD) is set to continue for the majority of 2016, with the City of Johannesburg investing R180-million in sweeping improvements to roads and pavements in the country’s financial and commercial hub. “It’s a welcome investment... →

AfDB extends $112.3m loan to Morocco to extend rail network

29th January 2016 The African Development Bank (AfDB) has approved a $112.3-million loan to Morocco for the improvement of infrastructure on the Tangier–Casablanca–Marrakech railway route. Allocated to the Moroccan National Railways Office (ONCF), the funds would be used to develop a dual rail line between the... →

Platinum deficit to average 250 000 oz/y to 2021 – report

29th January 2016 Fundamental analysis of the global platinum market for the next six-year period to 2021 supports a bullish price forecast for the metal, a World Platinum Investment Council- (WPIC-) commissioned report by Glaux Metal, the trading name for the independent research of analyst Dr David Jollie,... →

Technology, education, incentives key to solving water challenge – Grant Thornton

29th January 2016 As South Africa battles its most serious water crisis in recent history, professional services firm Grant Thornton has urged government and industry to adopt a comprehensive long-term water strategy to stave off a potential “catastrophe”. Grant Thornton director Michiel Jonker said in a statement... →

Millennials redefining career, work expectations, survey shows

29th January 2016 In the next year, given the choice, one in four global Millennials – classified as those reaching young adulthood around the year 2000 – would quit his or her current job to embark on another career option, Deloitte’s fifth yearly Millenial Survey has shown. This figure increased when the time... →

Wits, Unilever pioneer practical work training for engineering students

29th January 2016 In the first corporate-academic partnership of its kind, consumer goods manufacturer Unilever South Africa and the University of the Witwatersrand (Wits) have announced a collaborative skills development programme that aims to provide promising engineering students with practical work experience... →

Energy efficiency tax rebate increased to 95c/kWh

29th January 2016 An amendment to Section 12L of the recently promulgated Taxation Laws Amendment Act, which deals with the energy-efficiency tax incentive, has increased the amount of the deduction from 45c/kWh to 95c/kWh or kilowatt-hour-equivalent of energy saved. The South African National Energy Development... →

Business weighs in on South Africa’s 2016 prospects

29th January 2016 With South Africa expected to narrowly escape a technical recession this year, with economic growth pegged at 1.5% and gross domestic product expansion a marginal 1.7%, the country’s business leaders have added their voices to those expressing concern over the enduring regressive growth trend.... →

Aquarius shareholders approve takeover by Sibanye

29th January 2016 Shareholders of Aquarius Platinum have approved a proposed deal that will see the company acquired by fellow miner Sibanye Gold for of $0.195 a share. The transaction, which would be implemented by way of an amalgamation under Bermuda law, needed to be approved by a simple majority of votes cast... →

Germans warn of investment retreat following signing of investment Bill

28th January 2016 South Africa’s Promotion and Protection of Investment Bill, which was signed into law by President Jacob Zuma in December, is likely to dull the appetite of potential German investors, as provisions contained within the newly enacted legislation effectively deprive the investor of any protection... →

Aquarius posts flat Q2 production, battered PGM basket prices

28th January 2016 Attributable platinum production from Aquarius’s operating mines increased by a marginal 0.5% in the three months ended December 31, to 89 399 oz, despite production headwinds at the group’s Kroondal mine and a decrease in material processed at the Platinum Mile tailings operation. The company on... →

Stellar’s Tongo mining application under review by Mineral Advisory Board

28th January 2016 Aim-listed Stellar Diamonds continues to progress the mining licence application for its Tongo Dyke-1 project, in Sierra Leone, informing the market on Thursday that the application had been processed by the National Minerals Agency and was currently under review by the Minerals Advisory Board... →

SAA strengthens ties with Nigeria with addition of Jhb–Abuja route

28th January 2016 National carrier South African Airways (SAA) has launched flights between Johannesburg and Abuja, Nigeria, creating a second air connection between South Africa and the West African country. SAA said the introduction of a second entry point to Nigeria, alongside the long-established daily flights... →

No bid awarded for new Durban cruise terminal

27th January 2016 Transnet National Ports Authority’s (TNPA’s) latest request for proposals (RFPs) for the development of a new passenger terminal in the Port of Durban has ended in a nonaward. “In terms of Section 56 of the National Ports Act, TNPA is mandated to enter into agreements with companies to design,... →

Denel adds 6x6 offering to Casspir portfolio

27th January 2016 State-owned aerospace and defence technology group Denel has expanded the range of its recovery vehicles based on the well-known Casspir mine resistant system, responding to what it describes as “keen interest” by clients on the African continent. The latest addition to the Mechem vehicle... →

Renewed calls for quality-based evaluation of public construction tenders

27th January 2016 Declining levels of performance in the construction industry have prompted the Construction Industry Development Board’s (CIDB’s) renewed call for increased use of functionality when evaluating construction tenders in the public sector, with a recent study by the organisation indicating that 18%... →

Resgen’s Boikarabelo mine nears completion as hunt for funding advances

27th January 2016 Coal hopeful Resource Generation (Resgen), which has recently emerged from an extensive board overhaul that saw it lose several senior executives and members of its Sydney-based office, continues to advance the final stages of construction of its flagship Boikarabelo mine, in Limpopo, while... →

Ethos sells CQS to JSE-listed Adapt IT

27th January 2016 South African private equity investor Ethos has sold its investment in niche technology company CQS Investment Holdings, which distributes software products for the audit, risk management and financial reporting markets, to JSE-listed Adapt IT. Ethos Technology Fund I acquired CQS in 2008 in a... →

S Africa ranked middle-of-the-road in terms of global innovation support

27th January 2016 South Africa has been ranked thirtieth globally for the extent to which its domestic policies support global innovation, analysis released by global technology policy think tank, the Information Technology and Innovation Foundation (ITIF), has revealed. The findings from the 'Innovation... →

Avocet FY gold output dips to 74 755 oz

27th January 2016 Gold production from unhedged gold mining and exploration company Avocet’s Inata gold mine, in Burkina Faso, has dipped year-on-year, narrowing from 86 037 oz in 2014 to 74 755 oz in 2015. Cash costs for the year under review averaged $1 058/oz – an improvement on the $1 186/oz in the prior year. →

M&R subsidiaries awarded contracts in Korea, US LNG sectors

27th January 2016 Construction multinational Murray & Roberts’ (M&R’s) Perth-based subsidiary Clough and Baltimore-based subsidiary CH-IV have secured contracts in the oil and gas sectors in Korea and the US. “We are very pleased with these awards, considering the low oil price and current pressure on the global... →

Gauteng reveals potential bidders for R3.5bn Gautrain rolling stock contract

26th January 2016 Pointing to a sustained increase in ridership figures that continues to place strain on the Gautrain’s limited capacity, Gauteng MEC for Roads and Transport Dr Ismail Vadi has outlined the business case behind the decision to embark on a R3.5-billion acquisition of additional rolling stock for... →

Wescoal’s Elandspruit hits monthly production target

25th January 2016 Wescoal’s flagship Elandspruit colliery is delivering its production target of 165 000 t a month of run-of-mine coal on a continuous basis, with mine development at an advanced stage, the company said on Monday. Moreover, recently raised funding was being used to upgrade haulage roads and reduce... →

PPC progresses expansion strategy, despite warning of lower H1 earnings

25th January 2016 Cement supplier PPC says its expansion programme remains on track, with construction at sites in the Democratic Republic of the Congo, Zimbabwe and Ethiopia continuing to progress on schedule. The company continued to advance its proposed acquisition of ready-mix concrete supplier 3Q Mahuma... →

Ethos acquires 65% of Eazi Group in R1.6bn deal

25th January 2016 In a deal valued at R1.6-billion, South African private equity investor, the Ethos Fund has acquired 65% of work-at-height and material handling solutions provider Eazi Group. An investment vehicle controlled by Buffet Investments’ Jonathan Beare and founding shareholders would retain the... →

S Africa posts 16.3% uptick in 2015 steel output to 7.6Mt

25th January 2016 While crude steel output from the 66 steel producing countries reporting to industry body worldsteel saw a 2.8% year-on-year drop to 1.62-billion tonnes, South Africa managed to lift its output by 16.3% over the 12 months, delivering 7.6-million tonnes of steel and becoming the world’s... →

Petra raises H1 diamond output 2%, exceeding guidance

25th January 2016 Petra Diamonds lifted overall diamond production by 2% to 1.62-million carats for the six months ended December 31, exceeding its 1.5-million-carat production target for the first half of the year. It remained on track to reach its production guidance of 3.3–million to 3.4-million carats for the... →

Small business dept to hold stakeholder engagement over review of legislation

25th January 2016 The Department of Small Business Development (DSBD) is embarking on a nationwide consultation process to solicit inputs from stakeholders on the review of the National Small Business Act and the National Small Business Amendment Act, as well as engage stakeholders on the proposed national minimum... →

Amplats’ FY earnings fall on impairments, restructuring costs

25th January 2016 Platinum major Anglo American Platinum (Amplats) has warned that impairments and restructuring costs would result in it reporting lower earnings and headline earnings for the year ended December 31. Headline earnings and headline earnings per share (HEPS) for the year under review would be up to... →

DBSA, US trade org to accelerate infrastructure development in SSA

22nd January 2016 Power, transport and information and communication technology infrastructure projects in sub-Saharan Africa (SSA) have received additional commitment from the Development Bank of Southern Africa (DBSA) and the US Trade Development Agency (USTDA), after the parties this week signed a cooperation... →

Moody's places 55 mining companies on review for downgrade

22nd January 2016 Reflecting an effort by the ratings agency to recalibrate mining portfolio ratings to align with the fundamental shift in the credit conditions of the global mining sector, Moody's has placed 55 mining companies on review for downgrade. This included 12 mining companies from the Europe, Middle... →

Greenland, Denmark ink deal over uranium mining, export

22nd January 2016 The government of Denmark and the self‐rule government of Greenland have reached formal agreement to establish an internal framework within Denmark regarding the special foreign, defence, and security policy issues related to the mining and export of uranium from Greenland. This would lead to... →

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