http://www.engineeringnews.co.za
R/€ = 15.60 Change: 0.00
R/$ = 13.69 Change: 0.00
Au 1293.52 $/oz Change: 3.23
Pt 806.16 $/oz Change: 4.01
 

Topic

Anglo American begins quest to unearth next CEO 

By: Reuters     15th January 2019 Anglo American has promoted a section head it considers to have CEO potential, focusing its attention on internal talent as it begins searching for a successor to the man who steered the mining company through the 2015/16 commodities price slump. CEO Mark Cutifani has won plaudits for his... 

Merkel seeks to preserve jobs while phasing out coal plants

By: Bloomberg     15th January 2019 Angela Merkel’s commission plotting Germany’s exit from coal faces a tricky balancing act: how to stop mining and burning the dirtiest fossil fuel without whipping up more voter anxiety over job losses. Germany’s chancellor meets with coal-state governors who sit on the commission on Tuesday in... 

Newmont deal for Goldcorp erodes Canada's gold clout further

By: Bloomberg     15th January 2019 Canada’s influence on the global mining industry appears to be shrinking by the day. Perhaps stung by the nationalistic backlash against Barrick Gold Corp's merger with Randgold Resources, Newmont Mining devoted a big chunk of its news release Monday explaining how its $10-billion offer for... 

World's highest gasoline price prompts strike in Zimbabwe

By: Bloomberg     14th January 2019 Police clashed with protesters in the Zimbabwean capital as the main labor-union confederation began a national strike after the government more than doubled fuel prices to the highest in the world. The stay-away comes as a foreign-exchange shortage has sparked scarcities of everything from fuel... 

Vodacom pays former worker for 'Please Call Me' idea after deadlock  

By: Bloomberg     11th January 2019 Vodacom Group is paying out “reasonable compensation” to a former employee of the South African mobile-network operator for his idea to develop a popular call-back service after a former chief executive officer first took credit for the product. The settlement comes almost a decade after Kenneth... 

Cerba, Lancet are said to agree Africa deal for $123m 

By: Bloomberg     11th January 2019 Cerba HealthCare SAS, the French owner of a global network of medical laboratories, is expanding in Africa by buying some of Lancet Laboratories’ operations for as much as 12.5-billion Kenyan shillings ($123-million), said a person familiar with the matter. Paris-based Cerba will hold a 51% stake... 

Capstone delivers on FY18 copper output guidance

By: Simone Liedtke     11th January 2019 TSX-listed Capstone Mining produced 155.2-million pounds of copper in 2018, in line with expectations, and has set its 2019 output guidance at between 145-million and 160-million pounds of copper at a C1 cash cost of between $1.80/lb and $2/lb. During this year, the Canadian base metals miner... 

Barrick Gold's new CEO dismisses Canada HQ debate as 'hysteria'

By: Bloomberg     11th January 2019 Barrick Gold’s new CE is surprised by the “hysteria” over whether the world’s largest gold miner will remain a Canadian company. Barely a week after his Channel Islands-based Randgold Resources merged with Barrick, Mark Bristow says he’s determined to keep the global miner headquartered in... 

Chimata signs $9.5m finance, offtake facility for Zimbabwe tailings project

By: Simone Liedtke     10th January 2019 Transamine Trading and the Kamativi Tailings Company (KTC) have signed a term sheet for a $9.5-million finance and offtake facility for concentrate produced from the Kamativi tailings lithium project, in Zimbabwe. The proceeds will be used for the construction of the Phase 1 processing plant to... 

BRPs to meet with Optimum, Koornfontein creditors to vote on proposed business rescue plans 

By: Simone Liedtke     10th January 2019 The joint business rescue practitioners (BRPs) of Optimum Coal Mine (OCM) and Koornfontein Mines (KFT) expect to convene meetings with creditors within the next few weeks to vote on the proposed business rescue plans for the mines. The meetings will take place once the BRPs have resolved... 

Tanzania's Magufuli wants central bank to buy gold as part of its reserves

By: Reuters     10th January 2019 Tanzanian President John Magufuli said on Wednesday the central bank should start buying the country's gold to curb smuggling and build reserves to stabilise the currency. On Tuesday, Tanzania named its third mining minister since Magufuli was elected in 2015. The mining sector contributes around... 

City of Joburg appoints Manenzhe Manenzhe as CFO

By: African News Agency      9th January 2019 The City of Joburg announced on Wednesday that Manenzhe Manenzhe has been appointed as the new group chief financial officer, joining the City from Parliament where he served in the same capacity.  Acting group chief financial officer, Charity Wurayayi was late last year implicated in a... 

First Cobalt starts permitting and environmental programmes at Iron Creek

By: Tasneem Bulbulia     9th January 2019 First Cobalt has appointed consultants Brown and Caldwell to provide guidance on permitting and to develop an environmental baseline study strategy for its Iron Creek project, in Idaho. “On the heels of the maiden resource estimate announced in the fall, this is one of a series of technical... 

Nautilus, Deep Sea Mining Finance extend loan facility maturity date

By: Tasneem Bulbulia     8th January 2019 Nautilus Minerals and Deep Sea Mining Finance have agreed to extend the maturity date of the existing secured loan facility, which is currently due on January 8, for 30 days to February 8. Nautilus is currently in discussions with an arm’s length party to secure a $5-million loan. 

Lucara’s digital sales platform delivers positive outcome for inaugural sale

By: Marleny Arnoldi     8th January 2019 TSX-, Nasdaq- and Botswana Stock Exchange-listed Lucara Diamond Corporation finalised its inaugural diamond sale through its digital sales platform, Clara Diamond Solutions, in December. Seven manufacturers participated in the sale, five of whom matched and received their orders through the... 

Partnership for Action on the Green Economy conference starts this week in Cape Town

By: Marleny Arnoldi     8th January 2019 Environmental Affairs Minister Nomvula Mokonyane will host, on January 10 and 11, the Partnership for Action on the Green Economy (Page) Ministerial conference at the Cape Town International Convention Centre. She said in a statement issued on Tuesday that hosting the Page conference would... 

SA finance ministry warn public against online scammers

By: African News Agency      8th January 2019 The ministry of finance on Tuesday warned South Africans against scams which purport to be communication from the ministry asking for money in return for backing projects or business plans. In a statement, the ministry said that in the latest of these scams, a person purporting to be the finance... 

Africa 2019 – The Optimist's View

By: Creamer Media Reporter      8th January 2019 Is there a new scramble for Africa? Why should Africa be confident? These and other questions are eloquently ventilated at the plethora of Africa Investment conferences – including our own Hogan Lovells Africa forums in London and Johannesburg –and 2018 has been no different. 

Zimbabwe's Delta hikes price of beer as liquidity crunch bites

By: African News Agency      8th January 2019 Zimbabwe’s largest drinks company Delta Corporation has resorted to increasing the price of clear beer by an average 25% after the government stopped it from selling exclusively in United States dollars. “The adjustment of the wholesale price is meant to cushion against the significant increases... 

Global Business Services incentive to bolster youth employment opportunities

By: Tasneem Bulbulia     7th January 2019 The Global Business Services (GBS) incentive, which came into effect from January 1, will create employment opportunities for the youth in South Africa, says Trade and Industry Minister Dr Rob Davies. He notes that the opportunities will be especially in the areas of medium to high complexity... 

South Africa considers setting up council of economic advisers

By: Bloomberg     21st December 2018 Finance Minister Tito Mboweni said President Cyril Ramaphosa has asked him to consider a process to set up a council of economic advisers. “The President has spoken to me about consolidating a process about thinking through his idea around a council of economic advisers,” Mboweni told reporters... 

Volatile rand has Namibia mulling an end to 25-year currency peg

By: Bloomberg     21st December 2018 Namibia is growing tired of the economic pain caused by the volatile South African rand and is considering ending a 25-year-old peg to the currency of its larger neighbor. The government in Windhoek is weighing options to amend the currency arrangement or forge a new path for the Namibian... 

Liquid Telecoms to launch 'multi-billion rand' wholesale 4G network

By: Creamer Media Reporter      21st December 2018 Liquid Telecom South Africa, part of pan-African telecoms group Liquid Telecom, on Friday announced that it would establish a multi-billion rand 4G network in South Africa. From early 2019, wholesale roaming services will be made available across its network nationwide. 

Indian billionaire's Australian mine plans face further delay

By: Bloomberg     21st December 2018 Gautam Adani’s long quest to build a coal mine in the Australian outback faces another setback, with the Queensland state government refusing to sign off on the company’s plans before further studies into the project’s environmental impact are complete. “Two plans are yet to be approved before... 

Eskom evaluating bids for mortgage business

By: Reuters     15th December 2018 Cash-strapped power utility Eskom is evaluating bids for its finance company that specialises in mortgage lending to employees, its spokesman said on Friday. State-run Eskom is scrambling to keep the lights on in Africa's most advanced economy and has been implementing frequent controlled power... 

Miners find chicken-egg sized diamond in Canada's frozen north

By: Bloomberg     14th December 2018 The biggest diamond ever found in North America has been unearthed by Dominion Diamond Mines and Rio Tinto Group at a mine in Canada’s frozen north. The 552 ct yellow gem was found at the Diavik mine in the Northwest Territories, and is almost three times the size of the next largest stone ever... 

Ministers work around the clock to strengthen global climate deal

By: Reuters     14th December 2018 Ministers are working around the clock to complete and strengthen the rules for making a landmark agreement to combat climate change operational, with one day of talks remaining. Delegates from nearly 200 nations are on a self-imposed deadline to produce a "rule book" to flesh out details of... 

Davies to launch revised business process services incentive scheme

By: Marleny Arnoldi     12th December 2018 Trade and Industry Minister Dr Rob Davies will, on Friday, launch the revised Global Business Process Services Incentive Scheme, while on a trip to London, in the UK. The launch of the revised incentive further supports and enhances South Africa’s value proposition, catalysing new investments... 

Energy Minister 'very confident' in new Necsa board

By: Rebecca Campbell     7th December 2018 The new chairperson of the board of the State-owned South African Nuclear Energy Corporation (Necsa), Dr Rob Adam, has given the assurance that the new board and interim CEO would be able to restore the beleaguered entity. He was talking, via video link, at a media briefing in Pretoria on Friday.... 

Russian Jan-July gold output flat at 157.19 t

By: Reuters     16th November 2018 Russia produced 157.19 t of gold in the first seven months of 2018, exactly the same amount as in the same period last year, the Finance Ministry said on Friday. Production for the period included 129.34 t of mined gold compared with 126.39 t a year ago, the Ministry said. 

Sacci BCI rises in October

By: Reuters     7th November 2018 South Africa's business confidence rose for a second consecutive month in October, bolstered by higher import volumes, vehicle sales and retail sales, a survey showed on Wednesday. The South African Chamber of Commerce and Industry's (Sacci) monthly business confidence index rose to 95.8 in... 

Enterprise Europe Network

By: Riaan de Lange     2nd November 2018 With all the nonsense packaged as news that you are subjected to – or, more correctly, bombarded with – on a daily basis, it is quite easy for you to get sucked in and to then not see the forest for the trees. You might be more familiar with the British adage, not see the wood for the trees,... 

Denel reports R1.7bn operating loss for 2017/18, turnaround progressing 

By: Marleny Arnoldi     31st October 2018 State-owned defence industrial group Denel on Wednesday, with the release of its yearly results, stated that its operating loss of R1.7-billion for the 2017/18 financial year clearly shows a business that has had a difficult year, marked by lapses in governance, mismanagement and poor contract... 

DRDGOLD Upbeat About Far West Gold Recoveries Commercial Success

31st October 2018 “Our Share Could Evolve Into A Growth Stock” DRDGOLD Limited (DRDGOLD; JSE,NYSE: DRD) says it believes the commercial success of its new Far West Gold Recoveries project may lift the company’s profile in the investment domain, positioning it for growth and evolving its share into a “growth” stock. 

Sell SAA, it won't fly – economist 

By: News24Wire      31st October 2018 South African Airways (SAA) is a "vanity project" that the economy cannot afford and it should be sold, members of Parliament (MPs) have heard. The standing and select committees on finance on Wednesday heard submissions from the public on the mini budget. The mismanagement of loss-making... 

Miners welcome budget statement

31st October 2018 Surface mining association, Aspasa, has welcomed the Medium-Term Budget Policy Statement’s (MTBPS) that aims to contain expenditure and implement meaningful reforms aimed at achieving sustainable and inclusive economic growth. Aspasa director, Nico Pienaar, says the economy is going through a... 

Transnet suspends former supply chain officer for misconduct

By: African News Agency      31st October 2018 Transnet said on Wednesday that it has suspended its former group supply chain officer, Edward Thomas, pending investigations into various serious allegations of misconduct involving a number of contracts. Transnet said that Thomas, currently group general manager for finance, was informed on... 

Sustainable mining is a force for good: Butler

30th October 2018 Mining needs to embrace its role as an agent of change for good – and tell the story of how it does this better – if it wants to continue to compete for investment dollars and talent in the future, according to International Council of Mining and Metals CEO Tom Butler. Speaking at the... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close