R/€ = 16.07 Change: 0.02
R/$ = 14.03 Change: 0.18
Au 1224.22 $/oz Change: 3.63
Pt 852.50 $/oz Change: 6.24


Hermans and Roman Properties to list on JSE 

By: Natasha Odendaal     16th April 2012 Real estate company Hermans and Roman Properties (HRP) on Monday announced its intention of listing its linked units on the JSE during the second quarter of 2012. The property management company, which was expanding its focus to include investing in and managing retail and office properties in... 

Company Announcement: Infrastructure Africa Business Forum 2012

16th April 2012 Transforming Africa through Infrastructure The need for infrastructure development in emerging markets is critical. 

Gem Diamonds says rough diamond prices on the rise

By: Henry Lazenby     16th April 2012 Rough diamond prices were expected to continue climbing “across the market” this year, LSE-listed Gem Diamonds said on Monday. The Clifford Elphick-led company said in an interim management statement that its price index showed increases in every sale since the September 2011 market correction.... 

Company Announcement: Green Computing and Sustainable Manufacturing

16th April 2012 Speaking at the recent Green Computing Conference that was held in Johannesburg, Kevin Dees, Technology Director for Adapt IT Solutions, said that visibility and awareness around greener environments is growing. 

Silver Standard lifts Q1 output to 2.2Moz

By: Henry Lazenby     16th April 2012 TSX-quoted Silver Standard on Monday reported it had produced 2.2-million ounces of silver at its Pirquitas mine, in Argentina, during the first three months of the year. This compares with 1.8-million ounces produced in the fourth quarter of 2011. CEO John Smith said the first-quarter results... 

Gran Colombia to boost gold output at Segovia mine

By: Henry Lazenby     16th April 2012 Precious metals firm Gran Colombia Gold said it planned to double its gold production at its Segovia operations during the year, adding that it would increase output to 200 000 oz/y by 2014. TSX-listed Gran Colombia produced 81 480 oz of gold from Segovia in 2011. 

Outlook for SA economy more positive – Gordhan 

By: Reuters     16th April 2012 The outlook for South Africa's economy was looking slightly better, Finance Minister Pravin Gordhan said on Monday. "But like many other parts of the world, (the economy) is still subject to the vagaries of the global economy," Gordhan told journalists at a breakfast briefing in Johannesburg. 

Harmony Gold quarterly output falls 18%

By: Natasha Odendaal     13th April 2012 JSE-listed Harmony Gold said on Friday its March quarter production would be 18% lower than the previous quarter, as safety stoppages and mine upgrades negatively affected operations. Production was stopped for 17 days at its Doornkop mine’s South Reef to allow for infrastructure upgrades, while... 

SA keen to move ahead with plans to unlock 'northern mineral belt'

By: Terence Creamer     13th April 2012 Plans for unlocking South Africa's coal- and platinum-rich northern mineral belt through transport, water and energy interventions, were deliberated upon on Friday by officials representing all three spheres of government. The officials convened in Gauteng under the aegis of the newly-formed... 

Paragon reports diamond grades at Lesotho’s Motete

By: Natasha Odendaal     13th April 2012 Aim-listed Paragon Diamonds on Friday reported micro-diamond grades of up to 90 cpht at +0.85 mm and 60 cpht at +1.18 mm at its Motete dyke project, in Lesotho. The company, which completed a micro-diamond sampling programme in March, undertook grade modelling across the dyke, based on 2 655... 

Ethiopian Potash appoints new directors

By: Henry Lazenby     13th April 2012 TSX-V-listed Ethiopian Potash Corp (EPC) on Thursday announced the appointment of Bruce Cumming and CFO Michael Galloro as directors, following the resignation of Paul DesLauriers, Robert Metcalfe and Binh Vu from the board. Acting CEO and director George Roach said the board changes were part... 

Avalon may build $302m rare earths plant in southern US

By: Henry Lazenby     13th April 2012 TSX- and NYSE-listed Avalon Rare Metals is negotiating with landowners for two potential sites in the US for a rare-earth element separation plant to treat product from its flagship Nechalacho project, in Canada. CEO Don Bubar said that Avalon sees the Gulf Coast region of the US as an... 

African Development Bank to show “enormous investment opportunities” on continent at African Utility Week

By: Kim Kruger     13th April 2012 South Africa has been a model for good investment environment in the region, says the African Development Bank’s Neside Tas Anvaripour, Head of Infrastructure Finance in the Private Sector Department. The AfDB executive is a headline speaker at the upcoming African Utility Week where more than... 


By: Site Administrator     13th April 2012 Tender work arising from state contracts  

Speed traps aimed at maximising income, not safety

By: Kelvin Kemm     13th April 2012 It really is amazing how dopey and out of touch with reality some people are. An ‘economics’ report concerning roads has been commented on in the newspapers.  

Daniel Coetzee

13th April 2012 Position: GM for the Middle East and Africa at GE Intelligent Solutions and director of GE Infrastructure Main Activity of the Company: Industrial automation and software 

Specialist adopts automated dry shake hardener application technology 

By: Leandi Kolver     13th April 2012 Industrial flooring specialist Concrete Laser Flooring (CLF) will, this month, introduce a US-manufactured spreader machine, which automatically applies dry-shake concrete hardener to floors, to the local market, CLF director Peter Norton tells Engineering News. 

Rail enterprise reveals long-term growth plans 

13th April 2012 State-owned enterprise the Passenger Rail Agency of South Africa’s (Prasa’s) Vision 2015 plan aims to position it as the top public transport provider in high-volume corridors.  

Refractory company imports solution to zoned wearing

By: Samantha Herbst     13th April 2012 Johannesburg-based refractory engineering company Refraline is offering a solution for foundries that struggle to prevent premature wear of induction furnace linings. 

Proactive approach vital when dealing with hazardous chemicals

By: Megan van Wyngaardt     13th April 2012 The importance of a proactive approach to safety and its implementation in the chemicals industry was again highlighted at the Chemical & Allied Industries Association’s (CAIA) Responsible Care Process Safety workshop, held in Johannesburg, in March. 

Govt, public support key to South Korea’s nuclear advancement

By: Keith Campbell     13th April 2012 The success of the nuclear industry in South Korea has been driven primarily by two factors. Firstly, the commitment of the country's government to nuclear energy. Secondly, strong support for nuclear power from the people of Korea. This was reported to delegates at last month’s 2012 Korean... 

South African online auction breaks records

By: Dimakatso Motau     13th April 2012 Industrial auctioneer GoIndustry DoveBid’s London office was a hive of excitement, on March 22, as the South African online auction of construction equipment and vehicles broke all records with over 120 lots reaching a whopping R23-million.  

African Utility Week returns to Johannesburg

13th April 2012 “We have come full circle, in a way," says African Utility Week (AUW) director Claire Volkwyn.  

Gauteng Freeway Improvement Project, South Africa

By: Sheila Barradas     13th April 2012 The South African National Roads Agency Limited will soon issue revised terms and conditions for road users who register for Gauteng Freeway Improvement Project e-tolling. 

SA mining output plummets as strike weighs on platinum

By: Idéle Esterhuizen     12th April 2012 South Africa’s mine production fell 14.5% year-on-year in February, the biggest monthly drop in nearly four years, official data released by Statistics South Africa (Stats SA) showed on Thursday. Compared with a revised 4.9% decrease in January, the February production registered the biggest... 

Conference to discuss nationalisation, other mining issues

By: Idéle Esterhuizen     12th April 2012 The ninth International Mining History Congress that will take place at Gold Reef City, in Johannesburg, next week would seek to shed some light on the true nature of nationalisation, Professor Phil Bronner from the University of the Witwatersrand said on Thursday. Although reluctant to take a... 

Capstone copper output rises 11%

By: Henry Lazenby     12th April 2012 TSX-listed Capstone Mining on Thursday said it had increased production from its two operating mines by 11% during the first quarter ended March 31, producing 18.6-million pounds of copper in concentrates. Capstone, which operates the Cozamin mine, in Mexico, and the Minto mine, in Canada,... 

Investors continuing to drive gold market  

By: Natasha Odendaal     12th April 2012 The changing dynamics of the gold market over the past ten years have led to an active investor-driven market, said precious metals consultancy Thomson Reuters GMFS global head of precious metals Paul Walker. “It is all about investment, it is all about the macroeconomic backdrop and it is all... 

Nissan to sell Infiniti premium cars in SA, plans on the table for taxi, budget markets

By: Irma Venter     12th April 2012 In a move to expand its product offering into all segments of the new-vehicle market, Nissan South Africa (Nissan SA) said on Thursday that it would bring the luxury Infiniti brand to domestic showrooms. “We are thrilled to be bringing Infiniti to South Africa and we are confident that it will... 

Stellar Diamonds Kono mineral rights revoked

By: Idéle Esterhuizen     12th April 2012 West Africa-focused Stellar Diamonds said on Thursday that Sierra Leone's Mines Ministry had revoked two of its licences in the Kono diamond district. The London-listed diamond mining and exploration company reported that the Ministry had issued it a letter asserting that the renewal of the... 

NAP to raise C$35m for Ontario palladium mine

By: Henry Lazenby     12th April 2012 Precious metals producer North American Palladium (NAP) on Wednesday said it had entered into an agreement with a syndicate of underwriters co-led by Scotia Capital and RBC Capital Markets to raise C$35.03-million, by selling 11.3-million flow-through shares at C$3.10 apiece. The proceeds from... 

Centamin production up but slightly below forecast

By: Henry Lazenby     12th April 2012 LSE- and TSX-listed Centamin on Thursday reported a 9% year-on-year increase in gold production to 49 071 oz at its Sukari mine, in Egypt, saying preliminary results pointed to production being only marginally below expectations, despite industrial action during the quarter. Last year, Centamin... 

Great Western says work on SA mine progressing 

By: Henry Lazenby     12th April 2012 TSX-listed Great Western Minerals Group (GWMG) on Wednesday said it was progressing well with refurbishment of the Steenskampskraal rare earths mine in South Africa, while it was also making progress on completing a technical report on the property, following receipt of the first assay results.... 

How HIVSA makes mobile health services work in South Africa

By: Kim Kruger     12th April 2012 There are great benefits to integrating primary health care and electronic medical systems into mobile health (mHealth) services, says Rob Allen, who is the manager of the hi4life programme at HIVSA.  

Lake Shore Gold obtains $70m credit facility

By: Henry Lazenby     12th April 2012 Ontario-focused Lake Shore Gold on Wednesday announced that it had entered into an agreement with Sprott Resource Lending Partnership for a credit facility of up to $70-million. CEO Tony Makuch said Lake Shore Gold would use the funds to bring the Timmins West mine to full production, to... 

Real Economy Report  

12th April 2012 From Creamer Media in Johannesburg, this is the Real Economy Report. Wireless Intelligent Sensing Technology (or WiST) has introduced a range of sensor technologies to its product range, offering its clients enhanced security and tracking capabilities. Dimakatso Motau has the story. 

Nevsun reports strong Q1 production

By: Henry Lazenby     11th April 2012 TSX-listed Nevsun Resources on Wednesday reported strong first-quarter production results with 82 000 oz of gold produced during the period ended March 31. The company said gold output from its Bisha mine, in Eritrea, was above expectations on the back of a drawdown of gold-in-circuit in the... 

Galane Gold acquires Botswana exploration assets

By: Henry Lazenby     11th April 2012 TSX-V-quoted Galane Gold has completed the acquisition of Northern Lights Exploration (NLE), giving it control over prospective gold areas in the Tati Greenstone Belt, in Botswana. The company acquired the shares through its Botswana subsidiary Mupane Gold Mining. NLE held several prospecting... 

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