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Low platinum price boosting platinum jewellery demand

By: Martin Creamer     26th May 2017 The low platinum price incentivised manufacturers and retailers to stock and sell platinum, leading to an overall growth of 5.4% in the US last year, Platinum Guild International said on Friday, with lower-based retail sales in India soaring 11.4%. In its Platinum Jewellery Business Review, the... 

Vast draws down on SSA loan

By: Megan van Wyngaardt     26th May 2017 Aim-listed Vast Resources on Friday said it has drawn down $3-million of its $8-million financing arrangement with SSCG Africa Holdings (SSA), despite approval by the Reserve Bank of Zimbabwe (RBZ) still being outstanding. In January, the parties entered into an $8-million agreement, comprising a... 

Beowulf not giving up on Kallak despite continued permit delays

By: Anine Kilian     26th May 2017 Mineral and exploration development company Beowulf is not giving up on its planned Kallak magnetite iron-ore project near Jokkmokk, in Swedish Lapland, despite delays in being granted an exploitation concession, the company’s CEO said on Friday. Kurt Budge said he found it “impossible to... 

Acacia says committee’s findings on its Tanzanian gold exports inaccurate

By: Megan van Wyngaardt     26th May 2017 Tanzania-focused Acacia Mining on Friday said it could not agree with the findings of a report, compiled by a Presidential Committee tasked with investigating the export of gold and copper concentrates. President John Magufuli on Wednesday released the findings of the report and announced that... 

Patel moves to bolster Competition Act’s powers to fight economic concentration

By: Terence Creamer     26th May 2017 Economic Development Minister Ebrahim Patel has established an advisory panel to develop draft amendments to the Competition Act with a view to bolstering South Africa’s legislative capacity of to address “persistently high levels of economic concentration”. Patel announced the proposed... 

Angola continues diversification into minerals to curb oil deficits, but progress slow

By: Megan van Wyngaardt     26th May 2017 Angola's continued reliance on the oil sector will result in limited development of its mining sector between now and 2021. However, the country is expected to continue diversifying into minerals in the longer term, as a decline in domestic oil production speeds up government plans to invest in... 

Mining Resilience Research Centre launch to help sector survive Industrial Revolution 4.0

By: David Oliveira     26th May 2017 The University of Pretoria’s (UP’s) Department of Mining Engineering has launched its Mining Resilience Research Centre (MRRC) at the Hatfield, Pretoria, campus. The centre will take a multidisciplinary and holistic research approach to address the challenges facing the South African mining... 

Alba to embark on Amitsoq work programme in June

By: Megan van Wyngaardt     26th May 2017 Greenland-focused graphite miner Alba Mineral Resources has completed its consultation phase with the country’s Mineral and Licensing Safety Authority, allowing it to embark on a work programme at its Amitsoq project. The programme, to take place over June and July, is designed to verify the... 

BMI lowers DRC gold production outlook

By: Megan van Wyngaardt     26th May 2017 Lower-than-expected output from the Democratic Republic of Congo’s (DRC's) gold industry during 2016, paired with a weak project pipeline in the coming years, has resulted in research firm BMI revising its gold production forecast for the country up to 2021, downwards. The research firm put the... 

Implats finalises terms on dual bond offering

By: Natasha Odendaal     26th May 2017 JSE-listed Impala Platinum (Implats) on Friday concluded the final terms of its dual offering of R3.25-billion unsecured convertible bonds and $250-million unsecured convertible bonds, both due 2022. The platinum miner’s rand-denominated bonds will hold a 6.375% yearly interest rate, while the... 

Ncondezi calls off joint development agreement with SEP

By: Megan van Wyngaardt     26th May 2017 Mozambique-focused coal miner and energy developer Ncondezi Energy will engage with new strategic partners who have expressed an interest in helping to develop its integrated thermal coal mine and 300 MW power plant in the country’s Tete province. This comes after the company on Friday suspended... 

Despite glorious past, mineral processing innovation faces uncertain future

By: Mia Breytenbach     26th May 2017 While the mining industry does not yet seem to be in a crisis regarding innovation in mineral processing, it certainly seems to be on a downward trajectory, says former Julius Kruttschnitt Mineral Research Centre director and emeritus professor Tim Napier-Munn, noting that, with innovation being... 

Zwane said to seek 30% black mine ownership rule

By: Bloomberg     26th May 2017 South African Mines Minister Mosebenzi Zwane has proposed raising the mandatory black ownership of mining assets to 30 percent from 26 percent, drawing opposition from some ruling-party officials who fear it will deter investment, two people familiar with the situation said. The proposal is part... 

SA Mint should review Mandela coin plans after Royal Mint blazes new platinum coin trail

By: Martin Creamer     26th May 2017 The decision of the Royal Mint, in the UK, to launch its first-ever platinum bullion products has rekindled hopes that the South African Mint will wipe the dust off its plans for a Mandela coin in platinum and mimic some of its gold coin success. In what is potentially a beneficial measure to... 

Earthworks for 42 500 m2 office to start in August

     26th May 2017 Bulk earthworks for the 42 500 m2 property that hosts auditing and consulting firm Deloitte South Africa’s new Gauteng office is excepted to start in August, with construction expected to start in the fourth quarter of this year. Property development company Atterbury announced last month that it... 

New tube-bending machine launched at MTA 2017 

By: Mia Breytenbach     26th May 2017 In collaboration with international tube-bending technology specialist BLM Group, cutting consumable and capital equipment supplier First Cut launched the latest version of the E-TURN32 tube-bending machine at trade exhibition Machine Tools Africa 2017, held in Johannesburg, earlier this month.... 

Property developer to unveil rental model at Boksburg development

By: Mia Breytenbach     26th May 2017 Residential property developer Balwin Properties will soon announce details of the rental model that the group will use in Boksburg and Linbro Park, in Gauteng, and in Pretoria. Balwin Properties CEO Stephen Brookes noted during the developer’s results presentation in Johannesburg earlier this... 

Jasco acquires majority stake in Reflex

By: Natasha Odendaal     25th May 2017 JSE-listed Jasco Electronics has acquired a majority 51% stake in Johannesburg-based information technology (IT) managed services group Reflex Solutions for R39.8-million. The acquisition of Reflex, which recently expanded into fibre-to-the-home (FTTH) solutions, adding to a portfolio of hosted... 

Fasken Martineau Named “Global Mining Law Firm of the Year”

     25th May 2017 Fasken Martineau announced that, for the third consecutive year and the ninth time overall, it has been named “Global Mining Law Firm of the Year 2017” by Who’s Who Legal. Additionally, Michael Bourassa has received the “Lawyer of the Year 2017” award for Mining. With over 150 years’ experience... 

Copper miner Atalaya reports ‘strong’ Q1 performance

By: Mariaan Webb     25th May 2017 Spanish copper miner Atalaya Mining produced 8 805 t of copper in concentrate in the first quarter of 2017, which is in line with its output of the previous quarter. The company is one of Europe’s newest copper producers and operates the Proyecto Riotinto openpit mine, where commercial production... 

Orion continues Prieksa drilling programme

By: Megan van Wyngaardt     25th May 2017 ASX-listed Orion Minerals on Thursday said its Prieska zinc-copper project, which it acquired in March, has delivered positive results from its ongoing deep sulphide target drilling programme. Orion is targeting dip and strike extensions to historical underground mining areas at the project, with... 

CompCom approves AMSA’s buyout of Thabazimbi mine

By: Megan van Wyngaardt     25th May 2017 The Competition Commission has recommended the Competition Tribunal approve ArcelorMittal South Africa’s (AMSA’s) proposed acquisition of the Thabazimbi mine, in Limpopo. Kumba Iron Ore in February agreed to transfer the mine to AMSA. Until 2014, the mine was a captive mine owned and run by Kumba... 

Premier’s RHA mine ships first concentrate

By: Natasha Odendaal     25th May 2017 Multicommodity resource and development company Premier African Minerals is preparing to mark its first shipment of wolframite concentrate from the newly upgraded plant at its RHA tungsten mine, in Zimbabwe, to Durban, South Africa. This followed the Aim-listed group’s receipt of all the required... 

Forevermark celebrates diamond inscription milestone

By: Megan van Wyngaardt     25th May 2017 The De Beers’ Forevermark diamond brand has inscribed its two-millionth diamond – a 3.48 ct round brilliant, bearing ‘2,000,000’. The diamond was mined, cut and polished in Namibia and inscribed at the Forevermark Diamond Institute in Surat, India. It will be set in a piece of jewellery at the... 

Miranda Mineral Holdings to sell noncore Sesikhona Klipbrand colliery

By: Megan van Wyngaardt     25th May 2017 JSE-listed Miranda Mineral Holdings, together with its wholly-owned subsidiary Miranda Coal, will sell its 73% shareholding in Sesikhona Klipbrand colliery, in KwaZulu-Natal, to Osho SA Coal for R5-million, payable in two tranches. The parties are currently involved in litigation arising from the... 

Cabinet approves review of mining charter changes

By: Reuters     25th May 2017 South Africa's Cabinet said on Thursday it has approved for publication a review of revisions to its charter for the mining sector, a process that was supposed to have been done months ago raising concerns about policy uncertainty in the industry. "Mineral Resources Minister Mosebenzi Zwane will... 

Anglo Asian returns to profitability

By: Mariaan Webb     25th May 2017 Base and precious metals producer Anglo Asian Mining has returned to profitability, as the company’s production profile is evolving into one in which copper is playing an increasingly significant role. The Aim-listed miner, which has operations in Azerbaijan, doubled its copper production from... 

9th Pmr Golden Award For Ocon Brick

     25th May 2017 Ocon Brick, part of the Infrastructure Specialist Group of companies (ISG), won their ninth consecutive PMR Golden Arrow Award within the Suppliers of Bricks and Formwork/Scaffolding category at a ceremony hosted by PMR.africa in Johannesburg in May 2017.   “We are very pleased to have won this... 

Arian Silver to step up lithium exploration, eyes acquisitions

By: Mariaan Webb     25th May 2017 London-headquartered Arian Silver is stepping up efforts to expand its lithium business, announcing on Thursday that it had raised £600 000, part of which will be used to assess the feasibility of additional lithium acquisitions. The company recently announced its interest in buying additional... 

Implats launches dual convertible bond offerings

By: Martin Creamer     25th May 2017 Platinum mining company Impala Platinum (Implats) on Thursday launched dual convertible bond offerings to enhance the company’s short-to-medium term liquidity and maintain its strong financial position. Johannesburg Stock Exchange-listed Implats, headed by new CEO Nico Muller, is offering up to... 

Savannah aims to tap into European lithium market with 'strategic' Portugal acquisition

By: Mariaan Webb     25th May 2017 Multicommodity company Savannah Resources has announced an agreement to buy a series of highly prospective lithium prospects in Portugal, including an advanced project,as the company seeks to tap into the world’s second-largest lithium market after China. As part of the transaction to buy a 75%... 

Innovation, education key to SA transition to Industrie 4.0

     25th May 2017 The Fourth Industrial Revolution or ‘Industrie 4.0’ is forever changing the world of manufacturing and automation. To keep pace with global trends, South Africa must invest in education and innovation, experts say. 

MEC Vadi frustrated with slow pace of BRT, aerotropolis developments

By: Irma Venter     25th May 2017 Gauteng Transport MEC Dr Ismail Vadi has expressed his concern with the slow pace of development of bus rapid transit (BRT) systems in Gauteng, as well as the delay in rolling out the Aerotropolis project, in Ekurhuleni. Speaking at an Intelligent Transport Systems South Africa (ITSSA) forum in... 

Global BusinessCase

     25th May 2017 Global BusinessCase, a Johannesburg based technology company has delivered the first tranche of a large order of custom made mobile office briefcases to a leading insurance company to enable the selling and administration of financial and insurance products in rural and out-of-office... 

Ford’s R1m offer a slap in the face, says Reshall Jimmy’s family

By: African News Agency      25th May 2017 The family of Reshall Jimmy, who died after his Ford Kuga burst into flames in December 2015, revealed on Thursday that they had felt deeply insulted by the company’s offer of another Ford vehicle, valued up to R1 million. Renisha Jimmy, Reshall’s sister, said outgoing Ford sub-Saharan Africa... 

Mgojo elected president as chamber heads for new beginning, new name, rebranding

By: Martin Creamer     24th May 2017 It is an organisation that is more relevant today than it has ever been in its 128-year history. Its role is so much more than mining. It operates in a changing environment and needs to contemplate its own new identity and name. 

Wescoal’s Khanyisa Complex produces first coal

By: Megan van Wyngaardt     24th May 2017 JSE-listed Wescoal has received regulatory approval from the Department of Mineral Resources to start producing at its expanded Khanyisa colliery, in Mpumalanga. The company on Wednesday said mining activities have started in the Khanyisa Catwalk, as well as the adjacent Khanyisa Triangle areas... 

Sampling delivers positive results at Mkango’s Malawi project

By: Megan van Wyngaardt     24th May 2017 Recent sampling at dual-listed Mkango Resources’ Thambani heavy minerals project, in southern Malawi, has supported the project’s exploration potential, president Alexander Lemon said on Wednesday. He noted that not only were the uranium results highly encouraging, with assay results from 85 rock... 

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