R/€ = 16.63 Change: 0.01
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Pt 843.50 $/oz Change: -0.04


ACSA reports fall in earnings in line with lower aeronautical charges

By: Rebecca Campbell     12th October 2018 The Airports Company South Africa (ACSA), one of the few South African State-owned companies that has been able to keep itself financially healthy, reported recently that, despite declines in its revenues, profits, and earnings before interest, tax, depreciation and amortisation (Ebitda), it was... 

Initiated by Schneider Electric, New Pan-African and Non-profit Data Center Professional Association ADCA, launched at Datacloud in Marrakech

11th October 2018 The new association encompasses 60 members to date including 30 data center operators committed to boosting the African digital economy The President is Fatoumata Sarr Dieng, Director of Wholesales at Sonatel, Orange Schneider Electric chairs as Vice President 

Mining Indaba intensely focused on driving capital into African mining 

By: Martin Creamer     11th October 2018 An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday. Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be... 

Astron Energy appoints chair, CEO

By: Tasneem Bulbulia     9th October 2018 Astron Energy, previously Chevron South Africa (CSA), has appointed Mashudu Ramano chairperson and Jonathan Molapo CEO, with immediate effect. CSA was, last month, acquired by black economic empowerment consortium Off The Shelf Investments, which is chaired by Ramano, for $1-billion. 

Science fair affords students learnerships, prizes to promote science skills development

By: Marleny Arnoldi     5th October 2018 During the Eskom Expo International Science Fair, which was held from October 3 to 5, the Eskom Senior Grand Prize was awarded to a Curro Klerksdorp Grade 12 learner Aqil Variava, who developed the “pollution index” – a tool to investigate water quality. He won a R75 000 cash prize.  

Marine waste a pressing issue, but few solutions in sight 

By: Dylan Slater     5th October 2018 Plastics have become the “ubiquitous workhorse material” of the modern economy, combining unrivalled functional properties with low cost, and its use has increased twenty-fold in the past half-century, according to circular economy advocacy charity The Ellen MacArthur Foundation.  

Marine waste a pressing issue, but few solutions in sight

By: Dylan Slater     5th October 2018 Plastics have become the “ubiquitous workhorse material” of the modern economy, combining unrivalled functional properties with low cost, and its use has increased twenty-fold in the past half-century, according to circular economy advocacy charity The Ellen MacArthur Foundation.  

Integrated Solutions Key To Growing Africa’s Power Generation

4th October 2018 As African countries work to develop their power generation capacity in the most cost effective ways, the key will be to find integrated solutions that attract investment throughout the value chain. According to Alastair Gerrard, integrated solutions executive at Zest WEG Group, the energy sector... 

Every wealth journey is unique: Standard Bank Wealth teams up with famed sculptor to craft ‘barcoded’ clay work that showcases the art of uniqueness

3rd October 2018 As a leading patron of the arts, Standard Bank Wealth and Investment has commissioned African artist Nkosinathi Thomas Ngulube to develop a distinctive clay sculpture that reflects its own philosophy of sculpting award-winning services and solutions that grow, preserve and protect wealth.

Tullow Oil optimistic about prospects in Africa

By: Kim Cloete     2nd October 2018 Oil and gas exploration and production company Tullow Oil has outlined its sharper and deeper focus on Africa, with upbeat outlooks for its projects in both West and East Africa.   Despite a shift to cleaner energy and alternative energy sources, Tullow Oil also believes there will be strong... 

Group Five announces R1.43bn loss, Teixeira resigns

By: Irma Venter     2nd October 2018 Group Five will focus on its Developments & Investments (D&I) and Operations & Maintenance (O&M) businesses going forward, with a “de-emphasis” on the Construction and Engineer, Procure and Construct (EPC) businesses. This “de-emphasis” did not mean Group Five was walking away from construction,... 

Azumah grows Ghana project’s mineral resources to 2.5Moz

By: Marleny Arnoldi     28th September 2018 ASX-listed gold developer Azumah Resources has increased the combined mineral resource of its Wa gold project by 21%, or 433 900 oz, to 2.5-million ounces, adding to the expectations for attractive financial metrics for the Ghana project. Azumah will update the ore reserves and financial metrics... 

Orange, MainOne team up in submarine cable expansion

By: Natasha Odendaal     28th September 2018 French telecommunications group Orange and connectivity and data centre services provider MainOne Cable have signed an agreement that will see Orange inject undisclosed major investments into the West African submarine cable system MainOne. Under the partnership, Orange will acquire additional... 

GoldStone progresses scoping, old working assessment at Akrokeri-Homase project

By: Marleny Arnoldi     27th September 2018 Aim-listed GoldStone Resources is growing more confident in identifying mineral resource potential at the Akrokeri-Homase (AKHM) gold project, in Ghana. A work programme has focused on accessing the historic, high-grade Akrokeri underground gold mine, which is one of two previously producing... 

New AngloGold boss weighs asset sales to unlock value at miner

By: Bloomberg     26th September 2018 AngloGold Ashanti’s new CEO Kelvin Dushnisky said his goal of unlocking value at the world’s third-largest gold producer will involve focusing on its best assets and selling those that aren’t core to the business. Dushnisky, 55, took over at AngloGold on September 1 as the Johannesburg-based... 

Goldplat upbeat on FY18 results, despite lower profit, output

By: Simone Liedtke     26th September 2018 Aim-listed gold producer Goldplat achieved a profit from operating activities of £2.5-million for the financial year ended June 30. While this is lower than the £2.9-million profit reported for the prior financial year, chairperson Matthew Robinson on Wednesday said this was a positive result... 

Visa regulation amendments to ease entry for business travellers, tourists

By: Tasneem Bulbulia     25th September 2018 The Department of Home Affairs (DHA) is pursuing new regulations to make it easier for business travellers, tourists and academia to enter South Africa, but South African minors leaving the country will still need consent from both parents when leaving the country. The announcement of the new... 

Getting It Right

21st September 2018 In the September 14 edition, we ran two stories on Volkswagen Group South Africa, one on the company's plans to start assembly operations in Ghana and Nigeria in the future and the other on the appointment of Andile Dlamini as head of group communications. A photograph featuring Volkwagen... 

Engen operations in nine African countries transfer to Vivo Energy in March 2019

By: Marleny Arnoldi     18th September 2018 Oil company Engen Holdings’ operations in nine sub-Saharan African countries will be transferred to JSE-listed downstream petroleum company Vivo Energy on March 1, 2019. The $203.9-million transaction will see Vivo’s retail service station network expand from 15 to 23 countries in Africa,... 

PFS generates positive feedback for Cardinal’s Ghana gold project

By: Tasneem Bulbulia     18th September 2018 Gold-focused Cardinal Resources’ prefeasibility study (PFS) for the Namdini gold project in Ghana has confirmed it as one of the country’s and continent’s most promising undeveloped, large gold assets. The financial modelling of the project has shown it to be technically sound and financially... 

Renewable-energy guide offers insight into maturing African markets

By: Schalk Burger     14th September 2018 Global law firm DLA Piper has characterised the regulatory environments for renewable-energy projects in 12 African countries in response to developing markets on the continent, says DLA Piper Global co-chair of energy sector Natasha Luther-Jones. Renewable energy projects are becoming... 

Ghana on hook for $2bn China deal if bauxite plan stalls

By: Bloomberg     10th September 2018 Ghana will have to use alternative sources to pay back China’s Sinohydro Corp. for $2-billion in infrastructure if the revenue from an earmarked bauxite project is insufficient to meet installments. Sinohydro agreed to a deal with the West African nation in May to build bridges, roads, hospitals... 

Mali's Keita names new defence and mines ministers for second term

By: Reuters     10th September 2018 Malian President Ibrahim Boubacar Keita named new defence, mines and foreign ministers on Sunday as he began his second five-year term presiding over a country ravaged by jihadist and inter-ethnic violence. Keita was sworn in last week after winning a landslide re-election despite escalating... 

'Will I come back dead?' Human costs of South African gold

By: Bloomberg     10th September 2018 fter more than two decades of improving mine safety since the end of apartheid, South Africa’s progress has stalled with an increase in gold-mining deaths. More than 50 people have died in the country’s mines in 2018, roughly the same number as this time last year. While annual death tolls are... 

Mining waste set to grow, but ‘reduce, reuse, recycle’ solutions abound

By: Tracy Hancock     7th September 2018 The evolution of waste management techniques to accommodate the shift to low-grade ores by mining operations is one of the key emerging trends in the global mining waste management market, states UK market research company Technavio. The London-headquartered company explains that in the last... 

Seventy years of weld training

7th September 2018 Founded in 1948, this year, the Southern African Institute of Welding (SAIW) is 70 years old and it has been one of the great success stories in South African industry. From its fledgling beginnings, when it acted mainly as the South African welding industry’s association, it has grown into the... 

Endeavour sells Mali mine for $60m

By: Mariaan Webb     4th September 2018 TSX-listed Endeavour Mining has agreed to sell another mine to BCM Investments, this time the Tabakoto mine, in Mali. Endeavour on Tuesday announced a binding agreement to sell Tabakoto to Algom Resources – a subsidiary of BCM – for $60-million. Last year, the company sold the Nzema mine, in... 

IronRidge strengthens management team as it transitions from explorer to developer

By: Simone Liedtke     3rd September 2018 Aim-listed IronRidge Resources continues to strengthen its management team as it transitions from explorer to developer, through securing key executives and senior managers for the next phase of the company’s project and corporate development. On Monday, CEO Vincent Mascolo committed to a further... 

Volkswagen signs assembly, policy MoUs in Nigeria, Ghana

By: Irma Venter     3rd September 2018 Volkswagen has added Ghana and Nigeria to its list of future vehicle assembly operations in Africa. The German manufacturer is already active on assembly sites in Kenya, Algeria and Rwanda. 

Ghana NPO forms part of global Cummins Powers Women initiative

31st August 2018 Global power leader Cummins used the occasion of Women’s Day on 8 March to launch its ‘Cummins Powers Women’ initiative. It will partner with a network of best-in-class non-profit organisations (NPOs) in regions with existing, outcomes-based programmes to accelerate gender equality. These include... 

Hyprop ‘ahead of the market’ with total dividend of 756.5c a share for FY18

By: Simone Liedtke     31st August 2018 JSE-listed real estate investment trust (Reit) Hyprop continued to deliver strong growth in a tough economic environment, with a total dividend a share of 756.5c declared for the financial year to June 30. This growth was 8.8% higher than in the prior financial year, the company said on Friday. 

Bigen wins two Standard Bank Top Women Empowerment Awards

By: Creamer Media Reporter      31st August 2018 The Bigen Group, an innovative and solutions-focused infrastructure development group, earned two sought-after Standard Bank Top Women Awards. Bigen was named Top Gender Empowered Company in Infrastructure Development and CEO Anton Boshoff the Top Male Driving Gender Empowerment at the annual... 

Aker Energy to start Ghana drilling in Oct, eyes development plan in 2019

By: Reuters     31st August 2018 Norwegian oil firm Aker Energy will delay submitting a plan for development of its block off Ghana until early next year in order to first complete appraisal drilling, expected to start in October, its chief executive said on Thursday. The unlisted firm, controlled by Norwegian billionaire Kjell... 

South African winemakers look to Peru for growth

By: Marleny Arnoldi     30th August 2018 Wine producer La Ric Mal owner and winemaker Malcolm Green and other wine producers from four South African provinces will travel to Lima, Peru, this weekend, with the aim of expanding the market for South African wines. This expedition forms part of the Trade and Investment Mission organised and... 

Group Five warns of widened FY18 losses

By: Creamer Media Reporter      29th August 2018 Construction company Group Five on Wednesday warned of widening losses for the financial year ended June 30, as losses continued in the second half of the year, despite the group's restructuring and rationalisation programme. Group Five expects to report a loss a share and a headline loss a share... 

Air quality control solutions balance social and environmental needs

29th August 2018 Coal-fired power generation remains an important component of Africa’s energy landscape. Air-quality control solutions are key to preserving clean air and quality of life, says Webb Meko, Business Development Director, Sub-Saharan Africa, Black & Veatch Johannesburg, 21 August 2018 – According to... 

Azumah needs more ounces at Wa

By: Esmarie Iannucci     29th August 2018 Junior gold developer Azumah Resources would need to establish a reserve base of at least one-million ounces at its Wa gold project, in Ghana, before a positive project decision could be made, MD Stephen Stone said on Wednesday. The company is working to add to the current 624 000 oz reserve... 

Global mining showing interest in Master Drilling’s new technology  

By: Martin Creamer     28th August 2018 The mining industry is showing strong interest in the new blast-free mobile tunnel boring machine that South African company Master Drilling will launch in Italy next month. This interest is exemplified by 32 mining executives from mining jurisdictions across the world making themselves available... 

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