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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

City of Johannesburg tackling poverty, unemployment

4th March 2016 Landfill waste, a lack of food security and unemployment are three of the major challenges that the City of Johannesburg (CoJ) aims to prioritise in its 2040 vision, said CoJ manager Trevor Fowler at a Johannesburg Investor Roadshow event held in Johannesburg on Friday. He noted that by 2040, the... 

Mozambique President inaugurates 120 MW gas-fired power station

4th March 2016 The mass deployment of often-overlooked mini, or small-scale, hydropower projects to complement existing energy generation in Africa emerged as a key theme during a panel discussion at the Africa Energy Indaba, in Sandton, on Tuesday. A panel, comprising four industry proponents, agreed that,... 

Role of contractors under scrutiny as Grayston bridge inquiry gets under way

4th March 2016 While key stakeholders have refused to take responsibility for the October collapse of the Grayston drive pedestrian bridge on Gauteng’s M1 highway – which killed two people and injured 19 – the Johannesburg Development Agency (JDA) has told an official inquiry into the bridge collapse that... 

TNPA unveils R843m port security system

4th March 2016 Transnet National Ports Authority (TNPA) has invested R843-million in a new port security system to safeguard customer cargo, port users and Transnet’s own port assets, staff and contractors. “The National Ports Act 12 of 2005 and the International Ship and Port Facility Security Code of 2004... 

Petmin expects an increase in H1 headline earnings, but lower EPS

3rd March 2016 JSE-listed multicommodity miner Petmin’s headline earnings for the six months ended December 31, 2015 are expected to increase by 70% to about 14c a share, compared with 8.4c in the previous year’s comparable period. However, the company expected to see a loss of 7c in earnings per share (EPS)... 

Shell, NEF cooperate on transforming retail petroleum industry

3rd March 2016 Petroleum product supplier Shell Oil Company and the National Empowerment Fund (NEF), under the auspices of the Department of Trade and Industry, on Thursday entered into a cooperative agreement to assist black South Africans wanting to own and operate service stations. Through this initiative,... 

CoAL shareholders approve Universal offer

3rd March 2016 Aim-, ASX- and JSE-listed coal junior Coal of Africa’s (CoAL’s) recommended offer to acquire fellow South Africa-focused miner Universal Coal for A$0.25 share has received acceptances from 53.20% of Universal shareholders – representative of the total number of shares in issue – thereby... 

Hedging policies important for business

3rd March 2016 A major challenge hedge fund managers face when working with clients is that people believe they can predict what the currency forecast would be, which is difficult owing to the unpredictability of exchange rates, Standard Bank Foreign Exchange and Money Market sales manager Eric Freemantle said... 

Improved plastics business performance lifts Mpact’s FY results

2nd March 2016 Paper and plastic packaging manufacturer Mpact on Wednesday reported basic earnings a share of 366.9c for the year ended December 31, compared with 259.1c the year before. Group revenue increased 10.8% to R9.5-billion, while underlying operating profit increased 21% to R909-million, with the... 

Kibo enters into £1.5-million loan facility

2nd March 2016 Dual-listed Kibo Mining has entered into a loan facility with Sanderson Capital Partners for up to £1.5-million to be used for contingency funding. “The Mbeya coal-to-power project (MCPP) is progressing at an expeditious pace. We are now only a few months away from expected completion of the... 

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