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Latest News

Precious metal refiners face new LBMA environmental standard  

By: Martin Creamer     7th February 2019 The London Bullion Market Association (LBMA) has launched a new standard that addresses environmental as well as sustainability issues in gold and silver markets. To do that in a credible way, LBMA has been actively engaging with mining companies and producer nations. 

Transnet promises to ramp up efficiency 

By: Kim Cloete     6th February 2019 Transnet has promised to deal with corruption and step up efficiency around its operations, which have taken a heavy knock over the past few years. “Over the past ten years, we have injected capital of R42-billion into the network side. Yet the scale of the network is worse today than it was ten... 

Transnet promises to ramp up efficiency
Photo by Creamer Media
Transnet acting CEO Tau Morwe

Junior mining fund under discussion – Minerals Council 

By: Martin Creamer     6th February 2019 A government-initiated fund for prospectors and developers is under discussion with the Public Investment Corporation and the Industrial Development Corporation, Minerals Council South Africa emerging mining head Grant Mitchell said on Wednesday. Speaking at a media conference at the Investment... 

Junior mining fund under discussion – Minerals Council
Photo by Creamer Media
Minerals Council executive Tebello Chabana

Demand in global air freight market grew by 3.5% – Iata

By: Simone Liedtke     6th February 2019 The International Air Transport Association (Iata) on Wednesday released its 2018 full year data for global air freight markets, which showed that demand, measured in freight tonne kilometres (FTKs), had grown by 3.5% year-on-year. This growth, the association said, was significantly lower than... 

UJ study provides glimpse into early stages of species formation in the sea

By: Marleny Arnoldi     6th February 2019 The University of Johannesburg (UJ) on Wednesday reported findings of an international study published in “Proceedings of the Royal Society B”, substantiating that warm and cool water temperatures over a long stretch of coastline cause new species of marine fish to evolve without being isolated... 

Sappi delivers strong Q1 performance despite difficult operating environment 

By: Simone Liedtke     6th February 2019 Despite a difficult operating environment, diversified woodfibre company Sappi’s earnings before interest, taxes, depreciation and amortisation (Ebitda) increased by 15% year-on-year and its profit by 29% year-on-year in the quarter ended December 31. Profitability for the first quarter of the... 

Sappi delivers strong Q1 performance despite difficult operating environment
Sappi CEO Steve Binnie

Ford digs up litany of unexplored claims ahead of inquest into burnt Kuga

By: News24Wire      6th February 2019 Unexplained casino chips, a "bullet cartridge" and a suspicious maroon car are among a litany of unexplored claims which the Ford Motor Company dug up ahead of a High Court inquest into the death of Reshall Jimmy. Jimmy's burnt body was found in his Ford Kuga four years ago while he was on... 

Minerals Council’s national platinum strategy targets real potential 

By: Martin Creamer     6th February 2019 Minerals Council South Africa on Wednesday launched a national platinum strategy, which aims at sustaining a million jobs and contributing R8.2-trillion to South Africa’s economy by 2050. Speaking at a media conference at Investing in African Mining Indaba on Wednesday, Minerals Council CEO Roger... 

Minerals Council’s national platinum strategy targets real potential
Photo by Dylan Slater
Minerals Council CEO Roger Baxter

UCT scientists part of international study of Antarctic waters

By: Tasneem Bulbulia     6th February 2019 University of Cape Town (UCT) scientists, Dr Marcel du Plessis and Isabelle Giddy, are part of an international study team that is attempting to occupy and collect vital measurements of the frigid ice-covered waters of Antarctica – the least studied place on the planet. During winter, Antarctic... 

Dam levels stable for now 

By: Natasha Odendaal     6th February 2019 South Africa’s dam levels have stabilised at a national average of 62.5%, with most dams’ water levels expected to rise with more rain and cooler weather over the next week. Intermittent thundershowers in parts of South Africa have stabilised dam levels, while the South African Weather Service... 

Airbus teams up with 3D software specialist to implement digital transformation

By: Rebecca Campbell     6th February 2019 Giant Europe-based aerospace group Airbus and France-based 3D design, modelling and engineering company Dassault Systèmes have established a strategic partnership which will allow Airbus to significantly advance its digital transformation and, in the words of the Airbus press release, “lay the... 

Germany presses for changes in EU competition rules after Siemens/Alstom deal blocked

By: Reuters     6th February 2019 Europe should change its competition rules to facilitate cross-border mergers and create European champions which can compete with rivals from China and the United States, German Economy Minister Peter Altmaier said on Wednesday. Siemens and Alstom's plan to create a European rail champion... 

Business confidence index ‘virtually unchanged’ from December 

By: Simone Liedtke     6th February 2019 The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) remained “virtually unchanged” at 95.1 index points in January, compared with the 95.2 points recorded for December 2018. The BCI was, however, 4.6 index points lower than the 99.7 recorded in January... 

Working together can deliver mining’s massive benefits – Friedland 

By: Martin Creamer     6th February 2019 Mining can and will deliver massive benefits if all stakeholders work together, Ivanhoe Mines executive co-chairperson and founder Robert Friedland said on Wednesday Speaking on the third day of the Investing in African Mining Indaba, he outlined the huge potential of collaborative government,... 

Working together can deliver mining’s massive benefits – Friedland
Ivanhoe Mines executive co-chairperson and founder Robert Friedland speaks about the winds of change blowing in South Africa and the DRC and the benefits mining companies, African governments and communities can reap if all parties work together. Video and editing: Nicholas Boyd.

SA business confidence flat amid little real economic progress – Sacci 

By: African News Agency      6th February 2019 Confidence among South African businesses remained virtually unchanged in January compared to December as the optimism that greeted President Cyril Ramaphosa's inauguration a year ago continues to wane, a survey showed on Wednesday. The South African Chamber of Commerce and Industry's (Sacci's)... 

SA business confidence flat amid little real economic progress – Sacci

Association expects re-rating for South African Reits

By: Marleny Arnoldi     6th February 2019 Industry association, the South African Real Estate Investment Trust say the South African real estate investment trust (SA Reit) industry is headed for a re-rating, either this year or next. “Already the Financial Times Stock Exchange (FTSE)/Johannesburg Stock Exchange (JSE) South African... 

Boeing enters partnership to develop supersonic business jet

By: Rebecca Campbell     6th February 2019 US aerospace giant Boeing has announced that it is partnering with much smaller US aeronautics company Aerion to accelerate and complete the design, development and production of the latter’s AS2 supersonic business jet. The partnership includes the making of a “significant” investment in Aerion... 

Boeing enters partnership to develop supersonic business jet
Photo by Aerion
An artist’s impression of the Aerion AS2

De Beers to spend R30m on diamond exploration this year  

By: Martin Creamer     6th February 2019 De Beers Consolidated Mines (DBCM) will spend R30-million on greenfield diamond exploration in South Africa this year, DBCM MD Phillip Barton told Mining Weekly Online on the sidelines of the Investing in African Mining Indaba. This follows DBCM being granted 32 exploration licences across a... 

De Beers to spend R30m on diamond exploration this year
DBCM MD Phillip Barton speaks to Martin Creamer about the company's exploration programme in South Africa, as well as the company's plans for its Venetia mine. Video and editing: Nicholas Boyd.

Sanedi ready to support the mining industry in energy efficiency

By: Kim Cloete     6th February 2019 The mining sector has been encouraged to use more renewable energy and tighten up on energy efficiency, with the support of the South African National Energy Development Institute (Sanedi). Energy Minister Jeff Radebe said the mining industry would need innovative and novel solutions to reduce... 

Sanedi ready to support the mining industry in energy efficiency

South Africa to unveil Eskom support package in coming days – Ramaphosa

By: Reuters     5th February 2019 South Africa will in the coming days unveil a package of measures to shore up State-owned Eskom's finances and address structural issues facing the struggling power firm, President Cyril Ramaphosa said on Tuesday. "In the coming few days we will be announcing a package of measures to stabilise as... 

Ramaphosa challenges mining to take ten value-adding steps   

By: Martin Creamer     5th February 2019 President Cyril Ramaphosa on Tuesday challenged the mining industry to take ten value-adding steps to hoist the industry into a potent new orbit across the entire continent. Addressing the Investing in African Mining Indaba, the president said he wished to issue a challenge against the background... 

Ramaphosa challenges mining to take ten value-adding steps
President Cyril Ramaphosa outlines ten value-adding steps for the mining industry at the 2019 edition of the African Mining Indaba in Cape Town. Camera Work & Editing: Nicholas Boyd. Recorded: 5.2.2019.

Nersa to make Eskom tariff decision before March 15  

By: Terence Creamer     5th February 2019 The National Energy Regulator of South Africa (Nersa) says it will make a ruling on Eskom’s heavily contested revenue application before March 15, but has not committed to a firm date for the release of the determination. Full-time regulatory member Nomfundo Maseti, who chaired the marathon... 

Nersa to make Eskom tariff decision before March 15
Photo by Dylan Slater
Eskom CFO Calib Cassim pictured during the marathon Gauteng leg of nationwide public hearings, which started in Cape Town on January 14

Imperial Logistics expects to meet H1 guidance

By: Tasneem Bulbulia     5th February 2019 Imperial Logistics is finalising its results for the six-month period to December 31, 2018, and expects revenue and operating profit to be in line with its guidance as announced in October 2018. Basic earnings a share for the period, which included the now unbundled Motus Holdings, are expected... 

SA mining is a sunrise industry – Ramaphosa 

By: African News Agency      5th February 2019 President Cyril Ramaphosa said on Tuesday that the mining industry in South Africa is not a sunset industry, rather it is a sunrise industry.  Speaking on the second day on the 25th annual Investing in African Mining Indaba in Cape Town, Ramaphosa said government recognised the important role... 

SA mining is a sunrise industry – Ramaphosa
President Cyril Ramaphosa

Iata highlights key industry topics at summit

By: Tasneem Bulbulia     5th February 2019 International Air Transport Authority (Iata) director-general and CEO Alexandre de Juniac on Tuesday indicated the need for smarter regulations, to contend with growing regulatory challenges within the aviation industry. In a speech delivered at the Centre for Aviation Aeropolitical and... 

Astral Q1 operating profit ‘considerably’ lower year-on-year

By: Tasneem Bulbulia     5th February 2019 Astral Foods’ operating profit for the first fiscal quarter ended December 31, 2018, was considerably lower than that of the corresponding period in the previous year, and will have a negative impact on the company’s results for the six months to March 30. The company on Tuesday pointed out that... 

Energy megaprojects on South Africa's radar as utility falters

By: Bloomberg     5th February 2019 South Africa is looking to spend-billions of rand to secure energy from megaprojects on the continent at a time when state power utility Eskom is broke and struggling to supply enough electricity. The government has signaled a willingness to buy 5 000 MW of power from a planned $18-billion... 

UK and five African countries sign agreement to ensure trade continuity after Brexit

By: Rebecca Campbell     5th February 2019 At the end of last month the UK signed a trade continuity agreement with countries from Eastern and Southern Africa. The countries concerned are the Comoros, Madagascar, Mauritius, Seychelles and Zimbabwe. These countries had, in 2009, signed an Economic Partnership Agreement (EPA) with the... 

UK and five African countries sign agreement to ensure trade continuity after Brexit
Photo by Crown Copyright
UK Trade Minister George Hollingbery

Centrica, Tokyo Gas sign deal to buy LNG from Mozambique

By: Reuters     5th February 2019 British energy supplier Centrica and Tokyo Gas have agreed to jointly buy 2.6-million tonnes of liquefied natural gas (LNG) a year from Mozambique LNG Company, the firms said on Tuesday. Centrica LNG Company, a subsidiary of Centrica, and the Japanese energy company said the LNG would be... 

Eskom’s own survival at risk should big hikes be permitted, EIUG warns  

By: Terence Creamer     5th February 2019 The Energy Intensive User Group (EIUG) has added its voice to the overwhelming chorus of societal opposition to Eskom’s latest tariff submission, warning on Tuesday that above-inflation hikes would have “immediate, catastrophic and irreversible” consequences for South Africa’s mining and... 

Eskom’s own survival at risk should big hikes be permitted, EIUG warns
Photo by Dylan Slater
Nersa panel members listen to submissions during the marathon Gauteng leg of the regulator's nationwide public hearings process

VEON says aims to buy out Egypt's Global Telecom for $600m

By: Reuters     5th February 2019 Telecoms operator VEON Ltd said on Tuesday it intends to offer 5.30 Egyptian pounds ($0.3005) per share for the 42.3% of Cairo-listed Global Telecom Holding it does not already own. The offer for the stake in Global, formerly known as Orascom, represents a 20% premium to its closing price on... 

Unions oppose potential split of Eskom 

By: Reuters     5th February 2019 South African trade union federation, the Congress of South African Trade Unions (Cosatu) said on Tuesday that it opposed a proposal to split up Eskom into three different entities, adding that it would not solve the struggling utility's governance and debt problems. "We don't support unbundling... 

Time to make Africa prosperous – Ghana President   

By: Martin Creamer     5th February 2019 It is time for Africa to make itself and its people prosperous by making use of mineral resources and modern technology to create a new world shorn of greed and cupidity, Ghana President Nana Akufo-Addo said on Tuesday. In an opening address on the second day of the Investing in African Mining... 

Time to make Africa prosperous – Ghana President
Ghana President Nana Akufo-Addo tells mining companies what they can expect when investing in Ghana. Video and editing: Nicholas Boyd.

High Court to hear environmental organisations’ application for access to coal IPP documents 

By: Marleny Arnoldi     5th February 2019 The Pretoria High Court will, on Wednesday, hear an application brought by environmental organisations, groundWork and Earthlife Africa, for the handover of various documents relating to the judicial review of the environmental authorisations granted to two coal-fired power station preferred... 

ATNS appoints new human resources executive

By: Simone Liedtke     5th February 2019 State-owned Air Traffic and Navigation Services (ATNS) has appointed Lulekwa Ngcwabe as its new human resources executive. She joins ATNS from the City of Johannesburg’s Metrobus entity, where she was GM for corporate services. 

ATNS appoints new human resources executive
Newly-appointed Lulekwa Ngcwabe

Expect some tough announcements on Eskom soon – Davies 

By: News24Wire      5th February 2019 Eskom is in deep trouble financially and operationally and South Africa is facing enormous challenges in the electricity industry, Minister of Trade and Industry Rob Davies said on Tuesday. Davies was a guest speaker at a round table discussion hosted by the Department of Trade and Industry on... 

Expect some tough announcements on Eskom soon – Davies
Photo by Creamer Media
Trade and Industry Minister Rob Davies

PIC directors will remain until a new board is appointed

By: Marleny Arnoldi     5th February 2019 Public Investment Corporation (PIC) corporate affairs head Dean Botha on Tuesday confirmed that the organisation’s board of directors remains in place. This follows after the nonexecutive members of the PIC board on February 1 requested Finance Minister Tito Mboweni release them as directors.  

Mantashe to investors: Don't listen to doomsayers, invest in SA

By: News24Wire      5th February 2019 Investors must be shown that there are opportunities to make money and that is what we offer them in the South African mining industry, Minister of Mineral Resources Gwede Mantashe said on Tuesday. He was one of the guest speakers at a roundtable hosted by the Department of Trade and Industry... 

 Mantashe to investors: Don't listen to doomsayers, invest in SA
Mineral Resources Minister Gwede Mantashe

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