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Anine Kilian

Anine Kilian

Anine Kilian is a Creamer Media Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

MTN to buy 40% stake in Iranian broadband provider for R540m

19th May 2017 Telecommunications giant MTN Group on Monday signed a nonbinding preliminary agreement to invest R540-million into Iranian fixed broadband provider Iranian Net for a 49% stake in the company. Further investments of R3.4-billion in both equity and loans will also be made over the next five years... 

Mechanics challenged to restore vintage stationary engine

19th May 2017 Entries for the Engen Engine Restoration Challenge 2017 are now open. Engen is partnering with the South African Federation of Vintage Tractor and Engine Clubs (Savtec) to invite budding mechanics to take part in this exciting initiative. Following last year’s inaugural competition, this year’s... 

R46bn earmarked for provincial infrastructure projects

19th May 2017 The Gauteng provincial government will spend R46-billion on infrastructure over the next three years, Premier David Makhura said on Thursday. Delivering the keynote address at the Gauteng Infrastructure Funding Summit, he said the investment would contribute significantly to economic empowerment,... 

Private investment key to Gauteng infrastructure development

19th May 2017 If Gauteng wants to achieve its objective of becoming a global city region, government must partner with the private sector to deliver infrastructure, Human Settlements MEC Paul Mashatile said on Thursday. Addressing delegates at the Gauteng Infrastructure Funding Summit, in Midrand, he said... 

First trains built by Gibela enter commercial service

19th May 2017 President Jacob Zuma on Tuesday unveiled 13 new passenger trains to be operated by the Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail division. The X’Trapolis Mega trains were built by the Gibela Rail Transportation Consortium and form part of those to be delivered under a... 

Bidcorp rebranding as Bidfood to be completed by June

18th May 2017 JSE-listed Bidcorp expects its rebranding as Bidfood to be completed by June. “We have seen positive momentum achieved in the six months ended December 31, 2016; however, currency volatility continues to impact Bidcorp’s rand results, with the rand having appreciated against both the euro and... 

Human settlements dept prioritises tackling of backlog in transfer of title deeds

18th May 2017 The Department of Human Settlements has a budget of R33.4-billion available to it for the 2017/18 financial year.   “Of this, R873-million is directed towards initiatives and administration of the department, while R19.9-billion will be transferred to provinces,” Human Settlements Minister... 

Sibanye finalises terms of $1bn rights offering

18th May 2017 Sibanye Gold has finalised the terms of its $1-billion rights offering. The company will offer shareholders 1.2-billion new shares at R11.28 a share – a 60% discount on the closing price of shares on May 17. 

Erin Energy appoints new chairperson, CEO

18th May 2017 JSE-listed Erin Energy on Thursday announced that it has elected Frank Ingriselli to succeed John Hoffmeister as chairperson. Ingriselli, who is CEO of Blackhawk Energy, has more than 36 years of experience in the energy industry, with wide ranging oil and natural gas exploration and production... 

Shanta completes €2.1m equipment financing deal

18th May 2017 Aim-listed Shanta Gold has completed a €2.1-million finance agreement with Sandvik Mining and Construction for the purchase of underground mobile equipment for its Tanzania-based New Luika gold mine. The financing is repayable quarterly, in two tranches, over respective 36 month periods. 

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