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Creamer Media Reporter

New Bloemfontein student residence to open its doors in January

2nd November 2017 A R120-million, 469-bed student accommodation development built by Respublica Student Living Fund, in Bloemfontein, will be ready for occupation in January 2018.   The residence includes 58 apartments, each with eight single rooms, two bathrooms, a lounge/dining area and communal kitchen. The... 

Sale of CoAL’s Mooiplaats colliery concluded

2nd November 2017 The R179.9-million sale of triple-listed Coal of Africa Limited’s (CoAL’s) Mooiplaats colliery, in the Ermelo coalfield, has been concluded. CoAL and its black economic empowerment partner Ferret Mining & Environmental Services in October entered into an agreement with Mooiplaats Coal Holdings... 

Centamin lifts Q3 Ebitda by 57% q/q

2nd November 2017 Egypt-focused Centamin’s earnings before interest, taxes, depreciation and amortisation (Ebitda) increased by 57% quarter-on-quarter to $103.6-million for the third quarter ended September 30. The higher Ebitda was the result of an increase in gold sales to 150 273 oz and a higher average... 

Acacia CEO, CFO to step down

2nd November 2017 Brad Gordon and Andrew Wray will step down as CEO and CFO of Acacia Mining at the end of this year. Gordon will return to Australia for family reasons, while Wray is pursuing an opportunity elsewhere. 

Seifsa ‘cautiously optimistic’ following improved PMI

1st November 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is “cautiously optimistic” about the sector’s performance, in light of data released by the Absa Purchasing Managers' Index (PMI),  which indicates an improvement in activity in the manufacturing sector. This was the... 

Alrosa reaffirms commitment to long-term contracts

1st November 2017 Russian diamond giant Alrosa has reaffirmed its commitment to channel 70% of its sales to key customers governed by three-year contracts. Alrosa started implementing long-term contracts in 2009 and has said that the sales practices had repeatedly proved its efficiency. 

Mustang to delay Montepuez plant upgrade to focus on second ruby tender

1st November 2017 ASX-listed Mustang Resources will delay the planned plant upgrade at its Montepuez ruby mine, in Mozambique, which will reduce the company’s expenditure and allow it to focus on preparations for its second tender. This decision was taken following the conclusion of a maiden tender, held from... 

Health & Safety in Mining

1st November 2017 The Health and Safety in Mining feature will provide an update on the state of health and safety at South African and other African mines, as well as the challenges facing the industry when it comes to implementing health and safety measures. This feature will provide industry insiders with a... 

Oil & Gas in Africa

1st November 2017 As the political and legislative environments of many African countries become more stable, an increasing number of exploration projects are getting under way on the continent, resulting in more oil and gas resources being discovered and developed. This feature will focus on the state of the... 

Graphite explorer Battery Minerals signs marketing MoU with Chinese group

31st October 2017 ASX-listed Battery Minerals, which is developing the Montepuez and Balama graphite projects in Mozambique, on Tuesday announced that it had agreed to study the potential of developing a product marketing strategy with China’s Qingdao Guangxing Electronic Materials (GEM). In terms of a memorandum... 

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