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Antofagasta expects water agreement with BHP for Zaldivar mine-media

By: Reuters     25th March 2019 Chile's Antofagasta expects to reach an agreement with miner BHP to help ensure water supply at its Zalidvar copper mine in the country's northern desert, a company official told a Chilean newspaper on Friday. Antofagasta needs access to water for the future development of its Zaldivar copper... 

Mboweni questions need to hold onto State assets

By: Bloomberg     25th March 2019 Finance Minister Tito Mboweni said a discussion must begin on whether the government needs to retain control of all the assets it owns given the poor state of the national finances. Mboweni has asked Public Enterprises Minister Pravin Gordhan for a list of noncore State assets and has been... 

Intervention needed to protect South Africa’s infrastructure projects 

By: Nadine James     22nd March 2019 Urgent intervention is needed to protect infrastructure projects, investor confidence and the safety of professionals in the built environment, Association of South African Quantity Surveyors (ASAQS) member Yunus Bayat said on Friday, in response to reports of widespread “construction mafia” and... 

Black Management Forum questions 'lack of transparency' in appointing new Sars commissioner

By: News24Wire      22nd March 2019 The Black Management Forum (BMF) has said that it is concerned with what it deems to be a 'rushed and guarded' recruitment process in appointing a new commissioner for the South African Revenue Service (Sars). Last week Finance Minister Tito Mboweni reappointed Mark Kingon as the acting head of... 

Revitalised Bloodhound project gets new livery and headquarters

By: Irma Venter     22nd March 2019 The Bloodhound is back and on the hunt to set a new world land speed record (LSR). Under the new ownership of Ian Warhurst, CEO of Grafton LSR, the freshly assembled Bloodhound LSR team will focus on completing development of the jet- and rocket-powered car and moving to the next phase of the... 

Denel seeking contingency funding as it outlines turnaround strategy

By: Rebecca Campbell     22nd March 2019 State-owned South African defence industrial group Denel is preparing an application for funding from the R13-billion contingency reserve announced by Finance Minister Tito Mboweni in his 2019/2020 Budget speech. “We know that [the] Government is cognisant of the fact that Denel is in need of... 

Partnerships to be key in addressing Africa’s power deficit

22nd March 2019 In this opinion article, Wikus Kruger argues that public-private partnerships, access to financing and targeted skills development will be crucial in addressing Africa’s chronic power shortage 

Lithium miner says market fears waning as funding hunt resumes

By: Bloomberg     21st March 2019 After hitting heavy resistance last year in its search to raise capital, junior miner Bacanora Lithium Plc believes the time is right to resume its hunt. In July, the London-based company pulled a $100-million share sale designed to finance construction of Mexico’s first lithium mine. Now... 

Omnia expects positive full-year revenue growth but lower earnings

By: Tasneem Bulbulia     20th March 2019 In line with its stated strategy to become a more diversified and balanced business with exposure to global markets, Omnia Holdings has realised positive revenue growth in the 2019 financial year, to date. This included revenue growth in new markets owing to a focus on global expansion based on... 

Canada’s Budget commitment to the North seen as positive for mining

By: Creamer Media Reporter      20th March 2019 Canada’s North, where the future of the country’s mining industry lies, has received a boost in Tuesday’s federal government Budget, with a commitment of more than C$700-million over the next ten years in new and focused funding for Arctic communities. The Budget increased the allocation of the... 

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