R/€ = 15.86 Change: 0.03
R/$ = 14.00 Change: 0.03
Au 1327.20 $/oz Change: 0.92
Pt 840.13 $/oz Change: 9.97

Nadine James

Nadine James

Nadine James is a Creamer Media Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744


Linhleko Projects, FLSmidth partner to boost Waterval chrome production by 20%

21st February 2019 Black-owned fabrication and mining installations company Linhleko Projects this week officially launched its cooperation agreement with FLSmidth – a 50/50 profit sharing agreement in which Linhleko uses FLSmidth’s REFLUX Classifier (RC) technology to enhance chrome recovery from... 

Pan African H1 revenue up 52.8% y/y to R1.3bn

20th February 2019 Gold miner Pan African Resources achieved a 52.8% year-on-year increase in revenue for the six months to December 31, 2018, to R1.3-billion. CEO Cobus Loots on Wednesday attributed the higher revenue to an increase in gold production, which rose by 54.2% year-on-year to 81 014 oz on the back of... 

State-owned AEMFC awarded PCF bid to the tune of R1bn

20th February 2019 A consortium led by State-owned mining company African Exploration Mining and Finance Corporation (AEMFC) has been awarded the post-commencement funding (PCF) bid for Optimum Coal and its associated assets to the value of R1-billion.  PFC is finance granted to a company in business rescue and is... 

Retrenchments at South32’s Hillside smelter could affect up to 500 jobs – Solidarity

19th February 2019 Trade union Solidarity on Tuesday said it had received a retrenchment notice from South32’s Hillside aluminium smelter, in Richards Bay. The trade union stated that the retrenchment process could impact the lives of up to 30 000 people and, consequently, the entire Richards Bay area. 

M&R expects significant improvement in interim HEPS

19th February 2019 JSE-listed engineering group Murray & Roberts (M&R) expects a significant improvement in total earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended December 31. Basic EPS for the period are expected to increase by between 57% and 75% year-on-year to between 44c... 

Clough set to acquire Saulsbury’s oil and gas unit, EPC portfolio

19th February 2019 Murray & Roberts (M&R) subsidiary Clough will acquire Houston-based engineering, procurement and construction (EPC) contractor Saulsbury’s Gulf Coast downstream and chemical business unit, as well as its EPC portfolio, for $5.2-million.  In the statement issued on Tuesday, M&R CE Henry Laas... 

Balwin Rentals to acquire 4 544 rental apartments

19th February 2019 JSE-listed Balwin Properties’ subsidiary Balwin Rentals has secured a right of first refusal to acquire 4 544 rental apartments that will be developed by Balwin. The developments are Greenpark, comprising 1 056 apartments, in Boksburg, which is expected to be completed by December 2021; Greenlee,... 

Paramount secures armoured vehicle contract with UAE

19th February 2019 South African defence and aerospace company Paramount Group has secured a contract with the United Arab Emirates (UAE) for its next generation armoured personnel carrier – Mbombe 4, which was unveiled at defence and security expo IDEX 2019, being held in the Middle East this week.  Manufactured... 

Armadale signs MoU with potential buyer of Mahenge Liandu graphite

19th February 2019 Aim-listed Africa-focused mining investment company Armadale Capital has signed a memorandum of understanding (MoU) for a proposed offtake agreement with Chinese graphite mining and processing company Matrass Group, for graphite products produced at Armadale’s Mahenge Liandu project, in Tanzania.... 

Platreef weighted basket price reaches three-year high – Ivanhoe

19th February 2019 Ivanhoe Mines co-chairpersons Robert Friedland and Yufeng Sun, as well as Ivanplats MD Dr Patricia Makhesha, on Monday announced that the weighted basket price of the metals contained in the Platreef palladium/platinum/rhodium/nickel/copper/gold project has risen to a new, three-year high.... 

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