http://www.engineeringnews.co.za
R/€ = 15.82 Change: 0.05
R/$ = 13.26 Change: 0.03
Au 1297.29 $/oz Change: 2.55
Pt 933.00 $/oz Change: 0.00
 

Topic

Offer for Rockwell affiliates flops on BRP haste; orderly wind down still planned

By: Henry Lazenby     23rd September 2017 Bankrupts alluvial diamond miner Rockwell Diamonds advised on Friday that it has received two offers which, when combined, would have been able to buy out the Canadian company’s distressed South African subsidiaries. However, an untimely motion to place the affiliates into provisional liquidation... 

Zanaga upbeat on iron-ore market fundamentals

By: Anine Kilian     22nd September 2017 Although the global iron-ore market continues to demonstrate better-than-expected fundamentals from a demand perspective, particularly in relation to pricing for higher-quality products, Aim-listed Zanaga Iron Ore remains concerned about the continuing build-up in Chinese iron-ore port stocks. In... 

“Best of the Best” primed for the 2017 Engen Champ of Champs

     22nd September 2017 The top under-17 football teams from across South Africa will soon lock horns in a fierce battle to determine which club can call themselves the “best of the best.” The 2017 Engen Champ of Champs will kick off at the University of Pretoria on Thursday, 5 October with the champions being crowned... 

Hernic Ferrochrome in business rescue – Mitsubishi

By: Martin Creamer     22nd September 2017 Ferrochrome producer Hernic has been placed in business rescue, Mitsubishi Corporation said on Friday. The businessrescue of the Japanese subsidiary, Mitsubishi Corporation said in a release to Creamer Media’s Mining Weekly Online, is taking place under the Companies Act, following a... 

Gold Fields says KPMG still external auditors

By: Reuters     22nd September 2017 South African gold mining company Gold Fields said on Friday that KPMG remains its external auditor but it will continue to monitor future developments. "The Gold Fields board of directors has considered the matter and will be closely following future developments in this area. KPMG remain the... 

Exxaro, NUM wage agreement halts strike

By: Martin Creamer     22nd September 2017 Coal mining company Exxaro Coal and the National Union of Mineworkers (NUM) have reached a three-year wage agreement, which brings the current wage strike at its Grootegeluk and Leeuwpan mines to a conclusion.  “We are pleased that the parties were able to resolve the dispute speedily,” Exxaro... 

Central Asia Metals to buy Lynx Resources for $402.5m

By: Anine Kilian     22nd September 2017 Aim-listed base metals miner Central Asia Metals will buy Bermuda-based Lynx Resources for $402.5-million. Lynx, which is owned by Bermuda-based fund Orion Co-Investments III and Swiss private equity firm Fusion Capital, owns the SASA zinc/lead mine in Macedonia. 

Acacia repositions Buzwagi mine to produce only gold doré

By: Creamer Media Reporter      22nd September 2017 LSE-listed Acacia Mining will reposition its Buzwagi mine, in Tanzania, to produce only gold doré until the end of its life in 2020. This follows positive results from a processing trial that indicated that the mine should be able to achieve gold recoveries of about 85% through the additional use... 

Tharisa transitions to owner mining, absorbs 900 contractor personnel

By: Martin Creamer     22nd September 2017 Platinum group metal (PGM) and chrome co-producer Tharisa Minerals on Friday announced the unconditional purchase of mining equipment from MCC Contracts as part of its switch to owner mining, which includes the employment of 900 MCC employees, effective from October 1.  The company, which has... 

SA platinum miners enter recycling market despite ‘mixed’ expectations

By: David Oliveira     22nd September 2017 Despite the mixed performance and expectations of the recycling industry, local platinum producers Sibanye and Northam Platinum this year entered the platinum-group metals (PGMs) recycling market. Platinum recycling is projected to decline by 6% year-on-year to 1.76-million ounces this year,... 

Local unit of helicopter group introduces electronic aid for pilots, maintainers

By: Keith Campbell     22nd September 2017 Following authorisation by the South African Civil Aviation Authority, Airbus Helicopters Southern Africa (AHZA) has now released its Fleetkeeper product to the South African market. Fleetkeeper is an electronic flight folio and electronic technical logbook. South Africa is one of the the first... 

Manufacturer looks to strengthen position in HVAC sector

By: Nadine James     22nd September 2017 Automation manufacturer SEW Eurodrive is looking to strengthen its foothold within the heating, ventilation and air conditioning (HVAC) sector, having entered into the market last year. SEW national sales manager Norman Maleka comments that at present, the company is building up its experience... 

New export cluster aims to improve intra-African trade

By: David Oliveira     22nd September 2017 South African manufacturing received a boost following the launch of the Engineering and Technology Grouping of Export Councils (ETGEC) at Infrastructure Africa, which took place last month at the Sandton Convention Centre, in Johannesburg. The ETGEC comprises the South African Electrotechnical... 

Tariff push-back

By: Terence Creamer     22nd September 2017 The National Energy Regulator of South Africa (Nersa) has outlined the process it will be following to assess Eskom’s request for a 19.9% tariff increase for the 2018/19 financial year, setting a deadline of October 13 for the submission of written comments. Nersa has approved Eskom’s request to... 

Pan African rolling out vibrant internal growth projects 

By: Martin Creamer     21st September 2017 Midtier gold mining company Pan African is rolling out vibrant internal growth projects involving the revival of Evander Mines’ 7 Shaft and the alleviation of congestion at Barberton Mines’ Fairview operation, which will provide the flexibility needed to better exploit what is arguably the... 

Grit delivers 2.7% increase in FY17 distribution

By: Natasha Odendaal     21st September 2017 Mauritius- and Johannesburg-listed Grit Real Estate Income Group on Thursday declared a distribution a share of $0.12 for the year ended June 30, a 2.7% increase on the prior year on the back of strong financial results. The seventh consecutive dividend comprised an interim dividend of $0.06... 

Gauteng govt to launch six megahousing projects in Ekurhuleni in the next 5 years

By: Anine Kilian     21st September 2017 In a move to address the housing backlog across Gauteng, the provincial government will launch two new megahousing projects a month from now until February 2018, revealed Gauteng Human Settlements MEC Paul Mashatile. Speaking at the 2017 National Human Settlements Development Summit, in... 

Outa moves to freeze Gupta mines’ rehabilitation trust fund accounts

By: Creamer Media Reporter      21st September 2017 The Organisation Undoing Tax Abuse (Outa) plans to bring about an urgent interdict against the Bank of Baroda to freeze the R1.75-billion held in the Gupta-owned Optimum and Koornfontein coal mines’ rehabilitation trust fund accounts. The group on Thursday said in a statement that the interdict... 

Leaf 2 offers advanced technologies, dynamic new design 

     21st September 2017 The effects of global warming are driving the case for electric vehicles, or EVs, such as the latest zero-emissions EV from global vehicle manufacturer Nissan, the much-anticipated Leaf 2. Tracy Hancock attended the launch in Japan. 

NUM continues strike at Petra’s Finsch mine, to down tools at Koffiefontein after wage deadlock

By: Natasha Odendaal     21st September 2017 The National Union of Mineworkers (NUM) has issued Petra Diamonds with a 48-hour notice for a planned, protected strike at the Koffiefontein mine, in Northern Cape. The union on Thursday said it would withdraw all members from the mine, starting on Saturday morning, until Petra accedes to the... 

Kallak shows jobs, revenue potential – Beowulf

By: Natasha Odendaal     21st September 2017 Aim-listed Beowulf Mining on Thursday said the development of its Kallak magnetite iron-ore project, in Sweden, into a mining operation will create direct and indirect jobs, increase tax revenues and slow down population decline in the nearby town of Jokkmokk. A socioeconomic study, initiated by... 

Pallinghurst widens H1 losses

By: Natasha Odendaal     21st September 2017 JSE-listed Pallinghurst Resources expects its losses for the six months to June 30, to widen, owing to decreases in the valuation of the company’s investments. A headline loss a share of $0.10 is anticipated for the half year under review, deteriorating from a headline loss a share of $0.04... 

Kyrgyzstan awards Chaarat permits for Tulkubash heap leach project

By: Mariaan Webb     21st September 2017 Aim-quoted Chaarat Gold has received all necessary approvals to bring its Tulkubash heap-leach project, in Kyrgyzstan, into production in 2019, the company announced on Thursday. This follows the State Committee of Energy, Industry and Subsoil Use’s (SCEIS’s) approval of Chaarat’s technical... 

Further investment in Anglo by majority shareholder of Vedanta

By: Martin Creamer     21st September 2017 Vedanta head Anil Agarwal has once again hit the headlines by announcing an intended further personal investment in Anglo American through Volcan Investments, which is the majority shareholder of Vedanta Resources. Volcan announced on Wednesday that it intended investing £1.25-billion to... 

Third of Pan African gold from low-cost, low-risk surface tailings 

By: Martin Creamer     20th September 2017 More than a third of the yearly gold production of Pan African Resources is destined to arise from low-cost, low-risk tailings businesses, which have long lives ahead of them. Pan African CEO Cobus Loots told investors, analysts and journalists at the company’s presentation of financial results... 

Johannesburg Water appoints new MD

     20th September 2017 Ntshavheni Mukwevho has been appointed MD of Johannesburg Water, effective September 1. He joined Johannesburg Water as depot manager in 2003 and later served as divisional manager of investment delivery and GM of capital investment and infrastructure develoment. In 2012, he was appointed COO. 

‘Rebasing’ for lower Eskom sales to trigger 9.4% hike even before any revenue adjustment 

By: Terence Creamer     20th September 2017 State-owned electricity utility Eskom has sounded that warning that, even if its allowable revenue is not increased at all for the 2018/19 year, tariffs will still need to rise by 9.4% simply to accommodate a “rebasing” electricity sales volumes when compared with those approved in the third... 

Connemara plans further drilling in Donegal

By: Creamer Media Reporter      20th September 2017 Explorer Connemara Mining will initiate further drilling at its Inishowen project as part of its gold exploration programme in Donegal, Ireland. The diamond drilling, which will start on September 25, is aimed at establishing if the gold-bearing veins discovered last year extend across the licence. 

Premier sells forestry interests to focus on lithium, tungsten assets

By: Creamer Media Reporter      20th September 2017 Multicommodity mining and natural resources development company Premier African Minerals will sell its 52% interest in TCT Industrias Florestais (TCT IF), which principally owns a limestone deposit and forestry interests, in Mozambique, to Amire Glory. Aim-listed Premier will retain a 50%... 

Robust intersections support potential to fast-track Portugal lithium project

By: Mariaan Webb     20th September 2017 Aim-quoted Savannah Resources is hard at work to fast-track its Mina do Barroso lithium project, in Portugal, to production, as it seeks to tap into the fast-expanding battery market. Assay results from the first part of a reverse circulation drilling programme at two high-priority targets,... 

Pan African poised for growth, proposes R185m final dividend

By: Martin Creamer     20th September 2017 Precious metals mining company Pan African, which on Wednesday proposed a R185-million final dividend, reports that it is poised for growth as remedial action regarding its operational challenges in the 12 months to June 30 delivers expected results. The London- and Johannesburg-listed company,... 

W Resources planning new drilling campaign at Tarouca, Portugal

By: Creamer Media Reporter      20th September 2017 Aim-listed W Resources has been granted a two-year licence extension for exploration at Tarouca, near its Régua project, in Portugal, paving the way for a new drilling campaign. Tarouca is about 20 km from Régua and has the potential to enhance and expand the Régua development, W Resources... 

Gauteng freeway toll network nearly at capacity, says Sanral 

By: Irma Venter     20th September 2017 The busiest section of the Gauteng open-road tolling (GORT) system is between the Buccleuch and Allandale interchanges, in Midrand. The traffic volume in both directions in 2016 reached 245 500 vehicles a day during the week, on average, says South African National Roads Agency Limited (Sanral)... 

Two more firms fire KPMG as corporate South Africa weighs links with auditor

By: Reuters     19th September 2017 A South African broker and an energy investment firm fired KPMG on Tuesday, two of a host of local firms weighing whether to ditch the auditor to distance themselves from a scandal involving business friends of President Jacob Zuma. Sasfin and Hulisani, both relatively small financial companies... 

Cybercrime becoming a major threat in South Africa

By: Anine Kilian     19th September 2017 The US Federal Bureau of Investigation has ranked South Africa sixth and seventh on the cybercrime predator list, which means that there is an increasing amount of fraud being perpetrated from the country, says computer forensics company Cyanre CEO Danny Myburgh. Speaking at the ninth Chartered... 

Electric buses expected to spur platinum demand – Implats 

By: Martin Creamer     19th September 2017 Electric buses powered by platinum-catalysed fuel cells are attracting the attention of South Africans, who will visit Germany next month to update themselves on passenger carriers that emit zero pollution into the atmosphere. “There’s a lot of interest in fuel cell buses simply because the... 

Development of Rainbow Rare Earths’ Burundi project advancing on schedule  

By: Creamer Media Reporter      19th September 2017 LSE-listed Rainbow Rare Earths has started mining ore from the Gasagwe pit at its Gakara rare earth project, in Burundi. CEO Martin Eales on Tuesday said the company was firmly on track to deliver its first shipment of concentrate from the mine in the fourth quarter of this year. 

Imbalance in South African society driven by spatial inequality  

By: Anine Kilian     19th September 2017 South Africa is fast approaching a perfect inequality rating on the Gini coefficient, University of the Witwatersrand School of Governance head Professor David Everatt said at the ninth Chartered Secretaries Southern Africa Corporate Governance conference, in Johannesburg, on Tuesday. The Gini... 

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
Free daily email newsletter Register Now
Register Close