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South Africa to pilot first utility-scale vanadium redox flow battery

By: Nadine James     23rd February 2018 Aim-listed miner Bushveld Minerals’ 84%-owned energy subsidiary, Bushveld Energy, will be commissioning its first utility-scale vanadium redox flow battery (VRFB) for testing by State-owned power utility Eskom in May, says Bushveld Energy CEO Mikhail Nikomarov. Nikomarov notes that the... 

South Africa to pilot first utility-scale vanadium redox flow battery

By: Nadine James     23rd February 2018 Aim-listed miner Bushveld Minerals’ 84%-owned energy subsidiary Bushveld Energy will be commissioning its first utility-scale vanadium redox flow battery (VRFB) for testing by State-owned power utility Eskom in May, says Bushveld Energy CEO Mikhail Nikomarov. 

Energy policy certainty needed to bolster manufacturing growth in Africa

By: Anine Kilian     21st February 2018 More policy certainty is required to support energy projects and to build a strong manufacturing sector in Africa, says engineering and infrastructure advisory group Aurecon African market energy director Elekanyani Ndlovu. Speaking as part of a panel discussion at the Africa Energy Indaba on... 

Tribunal approves Barnes Southern Palace's acquisition of Scaw

By: Simone Liedtke     19th February 2018 The Competition Tribunal has conditionally approved the transaction, in terms of which holding company Barnes Southern Palace plans to acquire Scaw South Africa from the Industrial Development Corporation (IDC). To address information sharing concerns, the transaction was approved subject to a... 

Eskom looking beyond shareholder to tackle ‘unsustainable’ capital structure 

By: Terence Creamer     30th January 2018 Having secured “in principle” commitments from funders to enable Eskom to meet looming debt obligations of R20-billion by the end of February, the new leadership at the power utility has started weighing various options, including asset sales, for shoring up the group’s fragile balance sheet.... 

Commission recommends conditional Barnes Southern Palace, Scaw merger approval

By: Megan van Wyngaardt     29th January 2018 The Competition Commission has recommended that the Competition Tribunal approve the proposed transaction, with conditions, whereby Barnes Southern Palace intends to acquire steel maker Scaw from the Industrial Development Corporation (IDC). Barnes Southern Palace is a consortium involving the... 

Basil Read's shares fall on announcement of discounted rights offer terms

By: Megan van Wyngaardt     29th January 2018 JSE-listed construction company Basil Read's shares took a 23.08% tumble on Monday morning, after it released the terms of its proposed R300-million rights offer, which has been significantly discounted. The proposal includes the issue of 1.36-billion shares at 22c apiece, compared with the... 

Anglo to sell New Largo assets to Seriti, partners for R850m

By: Anine Kilian     29th January 2018 LSE- and JSE-listed Anglo American is making further progress with its strategy of disposing of its Eskom-tied coal assets, announcing on Monday that it will sell its New Largo thermal coal assets, which are owned by its 73%-held subsidiary Anglo American Inyosi Coal, to New Largo Coal, for... 

Alphamin raises C$56m to develop DRC tin project

By: Schalk Burger     23rd January 2018 Tin miner Alphamin Resources has raised C$56-million, or about $44.3-million, through the issue of nearly 175-million shares at C$0.32 a share to continue the development of the Bisie tin project, in North Kivu, in the Democratic Republic of Congo. The offering included the private placement of... 

Bushveld Minerals upbeat about year ahead

By: Megan van Wyngaardt     22nd January 2018 Aim-listed Bushveld Minerals made “tremendous strides” during the fourth quarter of 2017, which was marked by a strong financial performance from its Bushveld Vametco operations. Supported by a strong vanadium price environment – the ferrovanadium price averaged $33/kg for the 12 months to... 

IDC assessing 21 applications under R1.5bn downstream steel incentive

By: Terence Creamer     19th January 2018 The Industrial Development Corporation (IDC) is currently assessing 21 potential transactions, worth a combined R437-million, arising from applications for support under a R1.5-billion industrial financing scheme set up in 2017 to support manufacturers of value-added steel products. The... 

On-The-Air (19/01/2018) 

By: Martin Creamer     19th January 2018 Diamond mining in the diamond city of Kimberley has been given a sparkling new lease of life thanks to smart new technology; The Industrial Development Corporation is calling for smarter mining, smarter agriculture and smarter manufacturing to pull South Africa ahead; and The Constitutional Court... 

National nanotechnology centre developing prototypes, commercialising technologies

By: Keith Campbell     19th January 2018 The National Centre for Nanostructured Materials (NCNSM) at the Council for Scientific and Industrial Research plans to commission its third pilot plant during the course of this year (2018). The centre’s current two pilot plants were both brought into operation in the middle of 2016. One of... 

Solar steam powers homes – and new jobs – in South Africa

By: Reuters     12th January 2018 South Africa may still get most of its energy from coal, but in the country’s sunny Northern Cape province, a different electricity source is taking hold: solar steam. A Spanish renewable energy company has opened three thermal solar plants – which use the sun’s heat to create electricity - in... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia 

By: Martin Creamer     12th January 2018 South Africa needs to aim towards smarter mining, smarter agriculture and smarter manufacturing. “It’s about taking all the major sectors of the economy forward, with each feeding on the other,” says Industrial Development Corporation (IDC) research and information head Jorge Maia of the roles... 

Chinese auto group dips toe in SA’s diesel-taxi waters

By: Irma Venter     1st December 2017 Beijing Automotive Works South Africa (BAW SA) will test a new diesel minibus taxi in the local market through sales at four selected dealers in Johannesburg, Cape Town, Durban and KwaZulu-Natal’s South Coast. Should the market accept the vehicle, availability would grow to most of the 28 BAW... 

New Indian JV for beach sand mining

By: Ajoy K Das     30th November 2017 Indian Rare Earths Limited (IREL) and the Industrial Development Corporation of Odisha Limited (IDCOL), the investment arm of the eastern Indian province of Odisha, on Wednesday signed an agreement to float a joint venture (JV) company for beach sand mining project. The 51:49 IREL-IDCOL JV would... 

IDC outlines actions for mining industry to inch closer to success

By: Mia Breytenbach     28th November 2017 While the Toronto Declaration-based standards for the mining industry, adopted by the International Council of Metals and Mining, are broadly accepted as encompassing mines’ social licence to operate, only an “arrogant or stupid person” would argue that all relevant standards have been met, says... 

De Aar wind projects connected to the grid

By: Megan van Wyngaardt     28th November 2017 The 96.48 MW De Aar and the 138.96 MW De Aar 2 North wind projects have successfully reached early operations and have been connected to the Hydra transmission substation. The projects, located near De Aar, in the Northern Cape, were selected as preferred bidders under Round 3 of the Renewable... 

BAIC’s investment into South African vehicle assembly project bolstering bilateral investment

By: Anine Kilian     28th November 2017 Chinese vehicle manufacturer Beijing Automotive Group’s (BAIC’s) decision to invest in a vehicle assembly plant, in the Coega Industrial Development Zone (IDZ), near Port Elizabeth, could help drive further investment by Chinese firms in South Africa. This is according to South African Embassy in... 

Growing domestic demand at heart of plan to create a million manufacturing jobs 

By: Terence Creamer     24th November 2017 The Manufacturing Circle released a plan on Friday outlining how South Africa could create a million jobs over a ten-year period through pursuing a series of reforms designed at stimulating demand for South African manufactured products and improving the investment climate. The 48-page document,... 

Microgrids add new arrow to Africa’s electricity access quiver

By: Mia Breytenbach     24th November 2017 The launch of a R25-million solar energy, lithium-ion battery storage microgrid on Robben Island – the World Heritage Site in Table Bay, Cape Town, which, until recently, relied on diesel to generate electricity – not only showcases the versatile advantages of microgrid technology, but also... 

Active pharmaceutical ingredients pilot plant marks important step for SA industry

By: Keith Campbell     24th November 2017 A pilot plant for the manufacture of generic active pharmaceutical ingredients (APIs) has been officially opened in Pretoria. A R50-million joint project between local company CPT Pharma (CPT standing for Chemical Process Technologies), the Industrial Development Corporation (IDC) and the... 

Microgrids add new arrow to Africa’s electricity access quiver

By: Mia Breytenbach     24th November 2017 The launch of a R25-million solar energy, lithium-ion battery storage microgrid on Robben Island – the World Heritage Site in Table Bay, Cape Town, which, until recently, relied on diesel to generate electricity – not only showcases the versatile advantages of microgrid technology, but also... 

Group Five to sell stake in noncore pipes business for R80m

By: Megan van Wyngaardt     22nd November 2017 JSE-listed construction company Group Five will sell its 50% interest in Group Five Pipe to LB Pipes for R80-million. “Although the manufacturing cluster remains a strong performer within the group and contributes solid earnings and cash flow, it is regarded as a noncore operation,” Group Five... 

Bushveld Energy, IDC, Eskom to test first vanadium redox flow battery

By: Natasha Odendaal     21st November 2017 Aim-listed Bushveld Minerals’ 84%-owned energy subsidiary Bushveld Energy has deployed its first utility-scale vanadium redox flow battery (VRFB) to power utility Eskom for testing. The power utility will, at its research, testing and development centre, in Rosherville, test the VRFB and its... 

Bushveld Energy and Partners Deploy Eskom's First Vanadium Redox Flow Battery

21st November 2017 Bushveld Minerals Limited , a mineral project development company with a portfolio of vanadium and coal assets in Southern Africa and an investment in tin, is pleased to announce that its 84%-owned energy subsidiary, Bushveld Energy Limited ("Bushveld Energy") has confirmed its first vanadium... 

Exxaro eases BEE scheme replacement concerns

By: Natasha Odendaal     20th November 2017 Diversified miner Exxaro Resources on Monday moved to ease shareholder concerns over its new replacement black economic empowerment (BEE) scheme that will ultimately hold a 30% stake in the JSE-listed firm. Shareholders had queried the ultimate controller of K2016475450 (BEE SPV), the special... 

Alphamin eyes AltX listing, proposes final $50m raising for Bisie construction

By: Natasha Odendaal     14th November 2017 TSX-V-listed Alphamin Resources is working to jump the final funding hurdle for its Bisie tin project, in the North Kivu province of the Democratic Republic of Congo, through a secondary inward listing on the AltX of the JSE. The exploration and development company has already raised or secured... 

Important step for local pharmaceutical industry as key pilot plant launched

By: Keith Campbell     10th November 2017 A pilot plant for the manufacture of generic active pharmaceutical ingredients (APIs) was officially opened in Pretoria on Friday. A R50-million joint project between local company CPT Pharma (CPT standing for Chemical Process Technologies), the Industrial Development Corporation (IDC) and the... 

BAW introduces SA assembled diesel taxi

By: Irma Venter     8th November 2017 Beijing Automotive Works South Africa (BAW SA) will test a new diesel minibus taxi in the local market through sales at four selected dealers in Johannesburg, Cape Town, Durban and KwaZulu-Natal’s South Coast. Should the market accept the vehicle, availability would grow to most of the 28 BAW... 

Free State natural gas project, South Africa

By: Sheila Barradas     3rd November 2017 The Petroleum Agency of South Africa has granted the project environmental authorisation. 

SAB invests millions in black-owned SMMEs 

By: Anine Kilian     1st November 2017 Multinational beverage and brewing company Anheuser-Busch (AB) InBev subsidiary South African Breweries (SAB) has invested more than R200-million into creating an inclusive supply chain which incorporates black-owned and black women-owned small, medium-sized and microenterprises (SMMEs) through... 

CoAL issues share warrants to IDC

By: Anine Kilian     30th October 2017 Triple-listed Coal of Africa Limited (CoAL) has issued about 48.18-million unlisted share options or warrants to the Industrial Development Corporation (IDC). This is in line with the terms of a loan agreement between the company, its subsidiary Baobab Mining and Exploration and the IDC, which... 

Empowered lubricants firm seeks to raise market share with blending plant investment

By: Irma Venter     20th October 2017 Blue Chip Lubricants (BCL) has completed the construction of a new blending plant in Johannesburg, which it hopes will help the company to secure a fifth of the lubricants market in South Africa. The company will be aided in this ambition by the sale of 51% of the business to black-owned firm... 

IDC will invest in infrastructure that unlocks industrialisation

By: Keith Campbell     20th October 2017 The Industrial Development Corporation (IDC), South Africa’s development finance institution which exists to fund entrepreneurs and projects in the industrial sector, also seeks to use investments in infrastructure to free up industrial development opportunities. This was highlighted by IDC... 

BAIC implementing catch-up strategy to meet 2018 Coega deadline

By: Dylan Slater     20th October 2017 China-based vehicle manufacturer Beijing Automotive Group (BAIC), is accelerating some of its construction plans for its vehicle manufacturing plant, currently under construction at the Port Elizabeth-based Coega Industrial Development Zone, to catch up on delays incurred owing to primarily... 

Xina Solar One parabolic trough plant project, South Africa

By: Sheila Barradas     20th October 2017 The Xina CSP plant has successfully completed its first month of commercial operation in October this year. 

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