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Manganese makes list of key tech metals heading for short supply

By: Martin Creamer     11th July 2017 Nothing can stop the proliferation of iPhones, solar panels and Teslas, except perhaps a shortage of key natural resources, comments the latest Fortune magazine, which puts manganese from South Africa on the list of crucial technology metals needed in the US. Fortune’s world map showing the... 

Pallinghurst scores as Jupiter dishes out $25m more

By: Martin Creamer     5th June 2017 Pallinghurst mining company Jupiter Mines on Monday announced that it would make a further $25-million distribution to its shareholders in September. The Johannesburg Stock Exchange-listed Pallinghurst, which is an 18.43% shareholder in Jupiter, expects to receive a further distribution of... 

Pallinghurst share price leaps on value unlock outline

By: Martin Creamer     19th May 2017 The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the... 

New cost-slashing platinum technology gaining impressive momentum

By: Martin Creamer     18th May 2017 The new cost-slashing, time-saving, capital-unlocking, mine-broadening and cobalt-saving platinum technology, driven by diversified mining company Pallinghurst and South Africa’s State-owned Industrial Development Corporation (IDC), is gaining impressive international momentum as an initiative... 

Platinum's process leap given Parliamentary pep

By: Martin Creamer     28th April 2017 A significantly improved platinum group metals (PGMs) processing method has been developed with the assistance of South Africa's State-owned Industrial Development Corporation (IDC), Economic Development Minister Ebrahim Patel has informed Parliament. In response to questions posed by Shadow... 

Resources Watch  

     23rd March 2017 'Irrational' uranium prices making life tough, even for world-class juniors; IDC supporting entry of superior platinum processing route; and ARM’s Motsepe says take community engagement seriously 

Efforts to salvage wind-tower plant shut in wake of Eskom’s refusal to sign new IPP contracts

By: Terence Creamer     17th February 2017 The Industrial Development Corporation (IDC) is hoping to salvage the domestic manufacturing capability established to produce wind-tower sections in the Eastern Cape that was set up in response to government’s demand for higher levels of local content in the renewable-energy sector. However, it... 

IDC hopes to salvage wind-tower plant, but warns liquidation can’t be ruled out 

By: Terence Creamer     8th February 2017 The Industrial Development Corporation (IDC) is hoping to salvage the domestic manufacturing capability established to produce wind-tower sections in the Eastern Cape that was set up in response to government’s demand for higher levels of local content in the renewable-energy sector. However, it... 

IDC met with Atul Gupta, but never at Saxonwold – CEO

By: News24Wire      24th May 2016 Industrial Development Corporation (IDC) officials met with Atul Gupta and members of his business ahead of providing financial assistance to Oakbay Resources & Energy, it was revealed on Tuesday. IDC CEO Geoffrey Qhena confirmed the meetings took place in a written reply provided by Economic... 

Steel mill project, South Africa

By: Sheila Barradas     24th October 2014 The detailed feasibility study on a two-phase steel project should be completed in the first quarter of 2015. 

IDC says proposed Limpopo steel mill to target regional growth markets

By: Terence Creamer     3rd October 2014 The detailed feasibility study into a $4.5-billion, two-phase steel project planned for development by the Hebei Iron and Steel Group, of China, and South Africa’s Industrial Development Corporation (IDC) should be completed in the first quarter of 2015, IDC CEO Geoffrey Qhena reported at the... 

Empowered rail group to pursue localisation workflow

By: Terence Creamer     8th February 2013 A consortium lead by South Africa’s State-owned Industrial Development Corporation (IDC) and black-economic empowered Commuter Transport Engineering (CTE) has acquired Union Carriage & Wagon (UCW) from Murray & Roberts (M&R) for an undisclosed amount. CTE founder and CEO Patricia Norris tells... 

New empowered rail group emerges as M&R sells UCW

By: Terence Creamer     29th January 2013 A consortium led by South Africa’s State-owned Industrial Development Corporation (IDC) and black-economic empowered Commuter Transport Engineering (CTE) has acquired Union Carriage & Wagon (UCW) from Murray & Roberts (M&R) for an undisclosed amount. CTE founder and CEO Patricia Norris tells... 

Attention turns to Scaw’s capital constraints following R3.4bn IDC takeover

By: Terence Creamer     26th November 2012 South Africa’s State-owned Industrial Development Corporation (IDC) says it is aware of the capital constraints that continue to hinder Scaw Metals from realising its growth ambitions and that are constraining it from playing a more meaningful reindustrialisation role. However, mining and... 

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