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Creamer Media Reporter

Domestic IPOs by African issuers increase for a second year

19th January 2018 While 2017 registered fewer domestic listings in Africa, the capital raised in domestic listings by African issuers increased by 19.5% year-on-year to $1.4-billion, the second consecutive year of growth. The latest research by global law firm Baker McKenzie shows that there were seven domestic... 

Construction of new Transnet plough tug under way

19th January 2018 The construction of Transnet National Ports Authority’s (TNPA’s) new plough tug has kicked off in Port Elizabeth. The yet-to-be-named vessel, which is expected to be handed over to TNPA Dredging Services by October this year, will be used as a bed leveller, smoothing out high spots created by... 

Polyus launches $250m bond offering

19th January 2018 Russian gold miner Polyus on Friday announced a $250-million offering of senior unsecured guaranteed convertible bonds, the proceeds of which it would use for debt refining and other general corporate purposes. The bonds, to be issued by Polyus Finance, are due in 2021. 

Engineering News iPhone and Android Apps available for free download

19th January 2018 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers an Engineering News Online app for iPhone and Android users.  These apps... 

Highland Gold’s 2017 production up 4%

18th January 2018 Russian gold miner Highland Gold reported steady fourth-quarter output of 68 722 oz of gold and gold equivalent and said full-year output was 4% higher at 272 274 oz. Production at the Mnogovershinnoye (MNV) mine, in the Khabarovsk region, fell to 24 377 oz in the fourth quarter, from 26 433 oz... 

Gruyere construction nearly one-third complete

18th January 2018 The Gruyere gold project, which Australian junior Gold Road and South African major Gold Fields are building in a 50:50 joint venture near Laverton, Western Australia, is advancing according to schedule. With early works at Gruyere having started in December 2016, construction has now been in... 

CTRG reaches financial close with lenders

17th January 2018 Mozambique-based Central Térmica de Ressano Garcia (CTRG), a joint venture between Sasol Energy and Electricidade de Moçambique (EDM) has reached financial close on a $189-million project finance transaction with its lenders. CTRG, in which EDM holds a 51% stake and Sasol Energy the balance,... 

Georgian Mining appoints COO to its board

17th January 2018 Copper/gold company Georgian Mining has appointed its COO, Michael Struthers, to the board of directors with immediate effect. He is replacing Martyn Churchouse, who is stepping down as exploration director, but will continue to work on behalf of the company as a senior adviser focused on... 

Global Geoscience appoints Amec for US lithium project study

17th January 2018 Australia-based lithium/boron mine developer Global Geoscience has selected Amec Foster Wheeler as the engineering and design firm to complete the prefeasibility study (PFS) for the Rhyolite Ridge project in the US. Announcing the appointment on Wednesday, Global Geoscience MD Bernard Rowe said... 

Jubilee acquires 29% stake in BMR

15th January 2018 Alt-X- and Aim-listed Jubilee Metals Group has acquired a 29.01% interest in the enlarged issued share capital of BMR Group for £500 000 cash and the issue of 63-million new ordinary shares of Jubilee. The acquisition increases Jubilee’s effective interest in the Zambian Kabwe project to 57.41%,... 

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