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Natasha Odendaal

Natasha Odendaal

Natasha Odendaal is Creamer Media Deputy Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Jubilee reports second quarter progress at Hernic, DCM

31st July 2017 Aim- and AltX-listed Jubilee Platinum’s recently commissioned Hernic platinum and chrome processing operations has progressed to a fully operational business unit, demonstrating its capability of achieving the expected design parameters. The Hernic project started operations during March,... 

Premier African Minerals secures new funding

31st July 2017 Aim-listed Premier African Minerals on Monday announced a series of funding agreements that will allow the multicommodity mining and natural resources development company to increase its stake in Ethiopia-based Circum Minerals and fast-track exploration efforts at its wholly-owned Zulu lithium... 

Sylvania achieves record FY17 PGM output

31st July 2017 Aim-listed Sylvania Platinum has achieved a new yearly production record after another strong quarter pushed output from the Sylvania Dump Operations (SDO) beyond the upper end of the revised 65 000 oz guidance for 2017 to 70 869 oz. The low-cost platinum-group metal (PGM) processor and developer... 

Bidvest makes R2.7bn play for Irish facilities management group

31st July 2017 JSE-listed Bidvest has entered into an agreement to acquire 100% of Ireland-based integrated facilities management group Noonan from Alchemy Partners and Noonan’s current management team for an enterprise value consideration of R2.7-billion. Noonan operates in Ireland and the UK, where 40% of its... 

Hulamin lifts H1 earnings, eyes further improvements

31st July 2017 JSE-listed Hulamin’s financial report for the half-year ended June 30 shows a continued uptick in earnings, with expectations that the upward double-digit momentum will continue into the second half of the year. The company on Monday reported a 17% rise in basic and headline earnings a share to... 

RBPlat eyes deal with PTM over Maseve

28th July 2017 JSE-listed Royal Bafokeng Platinum (RBPlat) on Friday confirmed that it has made a conditional nonbinding expression of interest to Platinum Group Metals (PTM) for a “possible transaction” surrounding the Maseve business. “The company has entered into discussions in this regard, which, if... 

Numsa to consult its members over proposed engineering strike

28th July 2017 The National Union of Metalworkers of South Africa (Numsa) on Friday said “any way forward” on the looming labour strike in the engineering sector would be determined by its members through upcoming meetings. Following Numsa’s Central Committee meeting this week, the trade union had resolved to... 

Telkom slashes fixed-line prices, fluffs up uncapped package deals

28th July 2017 Information and communication technology giant Telkom has unveiled a series of new pricing structures for its fixed-line uncapped data packages to entice more customers onto its network and deliver in-demand lower data fees. In an overhaul of the fixed-line product offering, aligning its... 

BMFI board approves 15% shareholding acquisition in Pembury

28th July 2017 Following a due diligence process and a binding share sale and subscription agreement, the Black Management Forum Investment (BMFI) board has approved the acquisition of 57-million shares in Pembury Lifestyle Group (PLG) for R55-million. BMFI will acquire 37-million existing shares from property... 

BMI bumps up thermal coal price forecast

28th July 2017 BMI Research has revised its 2017 thermal coal price forecast upwards from $70/t to $75/t in the wake of strong Chinese demand, following weather disruptions at hydropower stations. Towards the end of the year, however, it is expected that the prices will ease as better weather restores Chinese... 

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