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Creamer Media Reporter

Equinox commissions crushing, conveying equipment at Zambia copper mine

8th October 2008 TSX- and ASX-listed Equinox Minerals announced this week that the primary crushing and conveying circuit at its delayed Lumwana copper project, in Zambia, had been commissioned. The miner said in a statement that crushing operations had started, and crushed material was being stockpiled in... 

New Alexandra mall to boast integrated taxi facility

8th October 2008 Property developer Pan Africa DevCo announced on Wednesday that it will build a 16 000 m2 shopping center in the Alexandra township, as part of the 'Presidential Alexandra' renewal project. The Pan Africa shopping center which will be built in the township where South Africa's new President,... 

Banking technology firm to list in Johannesburg

7th October 2008 Nasdaq-listed smart card technologies and systems provider Net 1 Universal Electronic Payment Solution (UEPS) Technologies will list on the main board of the JSE on Wednesday. The company provides smart card technologies and systems that create a secure and affordable transacting channel between... 

New energy-saving assembly facility for Nigeria

7th October 2008 UK-based Freeplay Energy and Zinox Technologies will launch an assembly plant, producing energy efficient communications and lighting equipment, which is expected to reduce Nigeria's dependence on electric power. Freeplay Energy CEO David Floyd said that the plant would employ thousands of... 

Bateman secures $36m construction contract

7th October 2008 Aim-listed project house Bateman Engineering has been awarded a $36-million contract for the construction of two sulphuric acid processing plant facilities at the Ambatovy nickel project in Madagascar. Construction and commissioning of the first acid plant was to be completed by the end of... 

Platinum miner closes $7,4m private placement

7th October 2008 TSX- and NYSE-listed platinum hopeful Platinum Group Metals on Tuesday reported that it raised $7,4-million in a non-brokered private placement, which it undertook earlier this year. In September, the group announced a $7,6-million private placement to fund a feasibility study for the Western... 

Strong H1 earnings from Altron, but outlook clouded

7th October 2008 Technology group Allied Technologies (Altron) on Tuesday reported "strong results" for the six months ended August 31, 2008, with its Altech and Powertech units achieving good revenue and profit growth. However, CEO Robert Venter was cautions about the outlook, saying the slowdown in parts of... 

PetroSA’s profits fall on rising costs

6th October 2008 South Africa's national oil and gas company PetroSA's net profit declined by 32,6% to R1,83-billion for the year ended March 31, 2008, compared with R2,71-billion the year prior. The Central Energy Fund (CEF), of which PetroSA was an operating subsidiary, stated in its annual review that... 

Survey finds Australia getting 'less risky' for resource development

6th October 2008 Australia has come in fourth in a top ten list of individual countries with the least risk for resource sector investment, according to resources publication ResourceStocks’ 2008 World Risk Survey. This year’s survey covered 74 countries and included individual African nations. First-time... 

Petmin sells colliery to Shanduka for R145m

3rd October 2008 JSE- and AIM-listed minerals, mining and processing company Petmin would focus on three core assets, namely the Somkhele, SamQuarz and Veremo operations, after disposing of its Springlake colliery for R145-million. The company said in a statement to shareholders on Friday that it had sold the... 

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