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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

Tychean makes a play for Blom Diamonds

2nd June 2017 ASX-listed Tychean Resources has inked a binding agreement to acquire a 74% interest in South Africa-based diamond company Blom Diamonds, from Ernest Blom. The deal, which includes Blom Diamond Cutting Works and Mons Montis Diamonds, would transform Tychean into a vertically integrated... 

US diamond jewellery demand hits all-time high

2nd June 2017 As total diamond jewellery demand increased marginally to $80-billion in 2016, demand from US consumers ticked up 4.4% to break through the $40-billion mark for the first time. After recording the fifth consecutive year of growth, US consumers now accounted for roughly half of all diamond... 

Kibo sheds some Lake Victoria gold licences to narrow focus

2nd June 2017 Following a comprehensive technical and commercial review of its portfolio, Aim- and AltX-listed Kibo Mining has relinquished several early-stage noncore gold prospecting licences, licence offers and licence applications in the Lake Victoria goldfields, in northern Tanzania. Kibo surrendered 79... 

PIC says in support of Vodacom’s Safaricom acquisition

2nd June 2017 JSE-listed telecommunications giant Vodacom on Friday secured the green light from 15.63% shareholder, the Public Investment Corporation (PIC), to acquire an indirect 34.94% interest in Safaricom. State investment arm, the PIC, provided Vodacom with a letter of support for the proposed... 

Greening Africa’s cities could reverse some of the impact of urbanisation – report

2nd June 2017 A fast urbanising Africa is rapidly degrading the environmental assets of its cities, leaving the continent at risk of locking itself into a “grow dirty now, clean up later” development path that may be irreversible, costly, inefficient and welfare-reducing, a new World Bank report has revealed.... 

Acacia Coal applies for licence transfer of RAC project

2nd June 2017 ASX-listed Acacia Coal has lodged an application to have the key project licences of the Riversdale anthracite colliery (RAC) project, in KwaZulu-Natal, transferred to it from project vendor Rio Tinto. The application, under Section 11 of the Mineral and Petroleum Resources Development Act, had... 

PPC expects lower FY earnings

2nd June 2017 JSE-listed PPC expects to report lower earnings for the financial year ended March 31, when compared with the pro forma financial results for the 12 months ended March 31, 2016. The cementmaker, which changed its financial year from September to March and adjusted its reporting to align with... 

Long-awaited national water master plan to be published in September

2nd June 2017 The first draft of a master plan aimed at “re-engineering the manner in which the water and sanitation business in South Africa is coordinated and guided” is expected to be tabled in September, more than a year after its intended completion of August 2016. The Department of Water and Sanitation... 

July ratings decision key to determining whether or not SA is truly junked

2nd June 2017 Despite the hype around the latest sovereign downgrades, South Africa has not hit rock bottom, nor has it experienced the worst-case scenario – a full downgrade to junk to include local currency debt ratings. Hanging in the balance, in particular, were the potential further downgrades of the... 

Eskom’s Medupi Unit 4 synchronised to the grid

1st June 2017 State-owned power utility Eskom on Thursday said Unit 4 at the Medupi coal-fired power station project, in Limpopo, had been synchronised to the national power grid this week. This was the third of six units to come on stream and marked a key milestone towards the full commercial operation of the... 

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