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Creamer Media Reporter

Beowulf appoints Swedish chairperson

30th October 2017 Mineral exploration and development company Beowulf Mining has appointed 68-year-old Swede Per Göran Färm as its chairperson with immediate effect, succeeding Bevan Metcalf. Färm was an elected Member of the European Parliament (MEP) from 1999 to 2004 and, then again, from 2007 to 2014. He was... 

Java approved as 4AX issuer agent

30th October 2017 Designated adviser to the JSE’s AltX Exchange and sponsor for JSE-listed companies Java Capital Holdings has been approved as an issuer agent sponsor to new stock exchange 4 Africa Exchange (4AX). 4AX CEO Fay Mukaddam on Monday said in a statement that, as issuer agent and sponsor for 4AX, Java... 

K5Mzansi Joint Venture

27th October 2017 The K5Mzansi Joint Venture (JV) is focused on delivering world-class-quality products, supplied on time at competitive prices, with a view to developing long-term relationships with its clientele. Servicing the mining, materials handling, power generation, petrochemicals, oil and gas, and heavy... 

Euro Steel

27th October 2017 Part of AFMETCO Group of Companies, Euro Steel has evolved into one of South Africa’s largest stainless steel, special steels, aluminium and other corrosion-resistant materials distributors and exporters. The company operates predominantly in all major cities in South Africa, but also has... 

Brown appoints executives at Denel, Safcol and Alexkor

26th October 2017 Public Enterprises Minister Lynne Brown has appointed Zwelakhe Ntshepe group CEO of Denel. He joined Denel 21 years ago and most recently served as acting group CEO. 

Savannah raises £3.91m to advance pipeline of projects

25th October 2017 Aim-listed Savannah Resources has raised about £3.91-million through the issue of about 74.43-million shares to new and existing investors at a placing pricing of 5.25p a share. It has also issued one warrant for every two new subscriptions shares, with each warrant having an exercise price of 6p. 

Calgro M3 secures R387m in funding

25th October 2017 Housing developer Calgro M3 has secured its first international funding – a R387-million facility – that will be used to help fund the delivery of the group’s low-income housing units in its secured pipeline in priority urban development areas. Calgro M3’s current pipeline stands at... 

Volt seeks to raise $30m for Bunyu Stage 1 development

25th October 2017 ASX-listed Volt Resources has appointed Exotix Capital to undertake a bond issue to raise up to $30-million in structured debt to fund the Stage 1 development of Volt’s Bunyu graphite project, in Tanzania. Exotix will act as structuring, financial and placement adviser and will leverage its... 

Deepening nickel deficit forecast as EV market booms

25th October 2017 As the world is speeding ahead with a move towards more electric vehicles (EVs), including hybrids, plug-ins and full electric cars, the nickel market is heading for deepening deficits, falling stocks and rising prices. This is the view of Wood Mackenzie principal analyst Sean Mulshaw, who... 

Aggreko commissions 7.4 MW diesel facility to power Yanfolila processing plant

25th October 2017 Temporary power generation equipment supplier Aggreko has commissioned a 7.4 MW diesel power facility at Aim-listed Hummingbird Resources’ Yanfolila mine, in Mali. The facility will provide power to the mine’s process plant. 

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