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Tasneem Bulbulia

Tasneem Bulbulia

Tasneem Bulbulia is a Creamer Media Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Aveng to sell Infraset to Colossal Africa Consortium

18th February 2019 JSE-listed Aveng has entered into a binding term sheet for the sale of the Aveng Infraset businesses, comprising the South African division and the Infraset business of the foreign subsidiaries of Aveng Africa, to the Colossal Africa Consortium. Infraset was identified as a noncore asset during... 

Adcock Ingram, Cipla awarded portions of State’s ARV tender

18th February 2019 Pharmaceutical manufacturers Adcock Ingram and Cipla have each secured a portion of a tender to provide State-run hospitals with antiretroviral (ARV) medicines over a three-year period from July 1. Adcock was awarded a 12% share of the ARV tender.   

Intensification drilling under way at Botswana Diamonds’ Thorny River

18th February 2019 Aim- and BSE-listed exploration company Botswana Diamonds has started with the planned intensification drilling on its Thorny River prospect in South Africa, with the first four holes having intersected diamonds at predicted thicknesses and depths.  The programme, which comprises the drilling of... 

Vukile appoints Laurence Cohen CFO designate

18th February 2019 Real estate investment trust (Reit) Vukile Property Fund has appointed Laurence Cohen as CFO designate, effective March 1. He will succeed Vukile’s FD Mike Potts and be appointed to the Vukile board of directors on July 1, after Potts’ planned retirement on June 30. 

Constitutional Court upholds Aquila’s Gravenhage manganese mining right

18th February 2019 The Constitutional Court has upheld a High Court judgment granting China-based Baowu Group subsidiary, Aquila Steel, a mining right over its Gravenhage manganese deposit, located in South Africa’s Northern Cape province. Aquila’s planned development of Gravenhage has been delayed for several... 

Petra appoints new CEO, narrows H1 net loss

18th February 2019 LSE-listed Petra Diamonds, which on Monday announced the appointment of Richard Duffy as CEO, narrowed its adjusted net loss after tax to $4.5-million for the six months ended December 31, 2018, from the net loss of $7.2-million recorded for the six months to December 31, 2017. Nevertheless,... 

Mexico approves Pan American Silver’s Tahoe acquisition

18th February 2019 The Mexican Federal Economic Competition Commission on Friday approved the proposed transaction whereby Pan American Silver will acquire all of the issued and outstanding shares of dual-listed Tahoe Resources. In a statement, Tahoe confirmed that all required regulatory, shareholder and court... 

Lithium hopeful Far secures C$12m facility from Alumina Partners

18th February 2019 Canadian lithium hopeful Far Resources has secured up to C$12-million from New York-based private equity firm Alumina Partners to advance its exploration activities.     The company is focused on defining a lithium resource at its Zoro project, which is located in the Snow Lake region of... 

Lower South Deep output dents Gold Fields’ FY18 profit

15th February 2019 Dual-listed Gold Fields achieved normalised profit from continuing operations of $27-million for the year ended December 31, 2018, compared with the $154-million posted for 2017.   The company’s profit was dented by a decline in output, led by its South Deep mine in South Africa. 

Edcon, SA Corporate Real Estate set to refurbish CBD property

15th February 2019 Edcon has announced that the property on the corner of Pritchard and Joubert streets in the Johannesburg central business district (CBD) would be renovated by landlord SA Corporate Real Estate, with the renovated building set to become a new mall that will include a renovated Edgars store and... 

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