R/€ = 15.49 Change: 0.08
R/$ = 13.18 Change: 0.11
Au 1285.85 $/oz Change: -0.26
Pt 978.50 $/oz Change: -0.50

Press Office - Metric Automotive Engineering - Reef Fuel

Metric Automotive Engineering - Reef Fuel

Reef Fuel Injection Services is a leading diesel service centre and is an authorised service agent to all five leading diesel fuel injection systems – Bosch, Caterpillar, Delphi, Denso and Stanadyne.


Atrum appoints Canada coal exec as new CEO and MD

By: Esmarie Swanepoel     17th August 2017 ASX-listed Atrum Coal has appointed Max Wang as its new MD and CEO, with Wang expected to assume his duties prior to the end of August. “We are pleased to advise our shareholders that after an extensive search, we have appointed Wang to lead the company as CEO and MD. Wang is an experienced coal... 

Corsa's coal sales volume growth above 20% for fifth consecutive quarter

By: Henry Lazenby     17th August 2017 Improvements in the metallurgical coal market has pushed US-focused coal producer Corsa Coal to a second quarter profit, and marked the company’s fifth consecutive quarter of growth of 20%, or greater, in metallurgical coal sales volumes. Canonsburg, Pennsylvania-based Corsa reported positive net... 

Resolute signs heritage agreements over Ravenswood

By: Esmarie Swanepoel     16th August 2017 Gold miner Resolute Mining has inked two heritage agreements with the Queensland government over its Ravenswood expansion project. ASX-listed Resolute said on Wednesday that the agreements were an important component of the approvals required to start mining at the Buck Reef West openpit, which... 

Higher prices lift Newcrest revenue as FY gold output dips

By: Esmarie Swanepoel     14th August 2017 Gold miner Newcrest Mining on Monday reported a 6% increase in revenue for the 2017 financial year, despite slightly lower gold production. Revenue for the 12 months to June 30 increased from A$3.2-million to A$3.4-million, as the company benefited from an 8% higher realised gold price and a 10%... 

Santos to redirect gas to Pelican Point power station

By: Esmarie Swanepoel     14th August 2017 Oil and gas producer Santos reported on Monday that it had signed an agreement to redirect gas to the Pelican Point power station, to support South Australia’s energy needs. Starting in January next year, Santos will supply 15 PJ of electricity to the power station, through a mix of gas from the... 

Spitfire and Aphrodite to merge

By: Esmarie Swanepoel     14th August 2017 ASX-listed juniors Aphrodite Gold and Spitfire Materials on Monday announced a merger to create a diversified Australian gold development company with a combined resource of some 1.3-million ounces. Under the terms of the agreement, Spitfire has agreed to acquire all of the outstanding capital... 

JRA seeks new MD as Phillips resigns

By: Creamer Media Reporter      14th August 2017 The Johannesburg Roads Agency (JRA) is on the hunt for a new MD following the resignation of Dr Sean Phillips, effective August 8. JRA CFO Goodwill Mbatha will assume the role of acting MD until a successor for Phillips, who held the role since May 2016, is appointed. 

TITAN vacuum furnace purchased to support aerospace industry

     11th August 2017 With a focus on pursuing additional market sectors, such as the aerospace industry, last month, heat-treating company Diamond Heat Treat purchased a TITAN H6 vacuum furnace with six-bar gas quenching to expand its capabilities. The TITAN H6 vacuum furnace is one of industrial vacuum and... 

Aurecon appoints MD for Infrastructure, subject matter expertise to contribute to global portfolio

By: Mia Breytenbach     7th August 2017 Global engineering and infrastructure advisory firm Aurecon has appointed Ben Stapleton as MD of Infrastructure. “The appointment reflects Aurecon’s commitment to providing user-focused, innovative solutions to government and private sector clients as they tackle current and future infrastructure... 

Govt supports Northern Minerals training plan

By: Esmarie Swanepoel     7th August 2017 The federal government has awarded ASX-listed Northern Minerals some A$4.8-million in funding as part of its Building Better Regions fund, to develop an Aboriginal training-to-work (T2W) programme at the Browns Range heavy rare earth pilot plant project, in Western Australia. Northern Minerals... 

Liezl Gericke

     4th August 2017 This week we feature Lizl Gericke, country manager for Southern Africa at Virgin Atlantic   

South Africa’s radioisotopes company shines globally

By: Keith Campbell     3rd August 2017 South African nuclear company NTP Radioisotopes (NTP), a subsidiary of the State-owned South African Nuclear Energy Corporation (better known as Necsa), has increased its production of, and its share in the global market for, the Molybdenum-99 (Mo-99) radioisotope, the company announced on... 

Fast Population Growth Means Fast Infrastructure!

     3rd August 2017 The World Health Organisation estimates that by 2025 half of the world’s population will be living in water-stressed areas. That is a frightening statistic. With water being the key source to life as we know it, this is a serious problem that needs serious solutions. 

Soil turned at Browns Range pilot plant

By: Esmarie Swanepoel     28th July 2017 Western Australian Premier Mark McGowan has broken soil at the Browns Range rare earths project, marking the start of work at the pilot plant operation. The proposed A$56-million pilot plant is a tenth of the scale of the full operation, and has a 60 000 t/y crushing beneficiation circuit, and 3... 

Rio Tinto’s RBM appoints new MD

     27th July 2017 Billy Mawasha has been appointed MD of South African mineral sands producer Richard Bay Minerals (RBM), in which Rio Tinto holds a 74% stake. He joins RBM from Kumba Iron Ore where he was executive head of operations and integration.   Billy has extensive leadership experience across a number of... 

Strong production, lower costs see Oz tracking towards FY guidance

By: Esmarie Swanepoel     25th July 2017 Copper/gold producer Oz Minerals has reported an increase in production during the three months to June, compared with the previous quarter. Copper production increased from 25 079 t in the March quarter to 28 163 t in the June quarter. Gold production increased from 26 135 oz to 32 136 oz in... 

SAP Africa appoints interim management team

     24th July 2017 SAP Africa has announced an interim management team for Africa after four management team members were placed on administrative leave pending the outcome of a forensic investigation into allegations related to one of its contracts.   The new management team comprises of Ashley Boag as Acting... 

Opinion: Another look at South Africa’s electricity generating options 

     21st July 2017 In this opinion article, economic risk consultant Rob Jeffrey calls for a re-evaluation for the draft Integrated Resource Plan (IRP) 2016 planned and recommended electricity mix going forward Energy is the critical component of the country’s future policy mix. Electricity is the necessary... 

Eurasia to apply for licence to mine 1.9Moz Monchetundra PGM project

By: Mariaan Webb     17th July 2017 Platinum group metals (PGMs) miner Eurasia said on Monday it would submit a mining licence application for its Monchetundra project, in the “near future”, after the Russian State Agency for Suboil use granted a discovery certificate for the project. The certificate, which is a prerequisite for a... 

Centrica may sell shares in new gas production company

By: Bloomberg     17th July 2017 Centrica and Stadtwerke Muenchen agreed to combine assets to set up a new European exploration and production company and may sell shares in the venture after two years. The UK’s biggest energy supplier to homes will own 69% of the business and the transaction is expected to close in the fourth... 

Focus shifts to power distribution

     14th July 2017 Global professional services provider Accenture resources MD and associate director Ken Robinson – who will be speaking at this year’s POWER-GEN & DistribuTECH Africa – says South Africa’s generation crisis is largely under control, but that power supply challenges loom in distribution. 

Resolute beats upgraded guidance, earmarks A$162m for FY18 growth projects

By: Esmarie Swanepoel     12th July 2017 Gold miner Resolute Mining produced 329 834 oz of gold in the year ended June, exceeding both its original and upgraded guidance of 300 000 oz and 325 000 oz, respectively. All-in sustaining costs (AISC) for the year of A$1 130/oz were also better than the original cost guidance of A$1 280/oz... 

Another bullion flash crash is testing the nerve of traders

By: Bloomberg     8th July 2017 After-hours surges and plunges that have whipsawed gold and silver prices over the past two weeks are unnerving traders. Silver futures sank as much as 10%, as more than 25-million ounces of the precious metal traded within a minute just after 7 AM in Singapore Friday. Last week, gold fell below... 

Eskom has over recovered R7.6bn in renewables-related costs since 2014 

By: Terence Creamer     7th July 2017 The affordability of South Africa’s growing fleet of renewable energy plants has been questioned on several occasions by Eskom and Public Enterprises Minister Lynne Brown also weighed in recently, telling Parliamentarians in late June that, while electricity arising from the renewables plants was... 

PSEG Keys Energy Center project, US

By: Sheila Barradas     7th July 2017 The project entails the construction of a combined-cycle, natural-gas-fired power plant, enough to power 500 000 homes. 

Resolute turns eye to Egypt

By: Esmarie Swanepoel     6th July 2017 Gold miner Resolute Mining has been awarded two large scale exploration concessions in Egypt, advancing the company’s strategy of building a portfolio of exploration and development assets in highly prospective regions. “We are pleased to have been successful in our application for these... 

Following the liquidation order of Dairybelle, two Epping properties belonging to the company went under the hammer recently for R66 million. Giant Sweets was the successful bidder.

     30th June 2017 Instructed by HCRS and several joint liquidators, the auction was hosted at ENSafrica and conducted by auction house Clear Asset as part of the liquidation sale of Dairybelle Pty Ltd. Comments Clear Asset MD and auctioneer Ariella Kuper, ‘’Signs of a buoyant market for industrial land in the... 

Detlev Duve

By: Martin Zhuwakinyu     30th June 2017 This week we feature Detlev Duve, MD of freight forwarding, air and sea logistics, and project cargo company Dachser Intelligent Logistics.   

Australia’s CEFC invests A$20m in lithium/tantalum mine

By: Esmarie Swanepoel     27th June 2017 The federal government will invest around A$20-million into the Pilgangoora lithium tantalum project, in Western Australia. The investment will be done through the Clean Energy Finance Corporation (CEFC), and is the current government’s first investment in a mining project of this kind in... 

Norman Seymore

     23rd June 2017 This week we feature Norman Seymore, CEO of Chryso Southern Africa and abe Construction Chemicals, as well as executive VP of Chryso Group, responsible for Africa and the Middle East. The group specialises in construction chemicals and construction systems   

Narrabri gas project, Australia

By: Sheila Barradas     23rd June 2017 Santos has reaffirmed its commitment to developing the gas project. 

Amplats' exit from Brazil platinum prospect sparks London listing

By: Martin Creamer     19th June 2017 The withdrawal of South Africa’s Anglo American Platinum (Amplats) from a platinum group metals (PGM) project in Brazil has opened the way for Jangada Mines to acquire the asset and head for the London Aim to raise an initial £2-million in equity capital to fund the project. Jangada chairperson... 

Pilbara's placement oversubscribed

By: Esmarie Swanepoel     19th June 2017 Lithium developer Pilbara Minerals has successfully raised A$80-million in a share placement to help fund the construction of its Pilgangoora lithium/tantalum project, in Western Australia. The company on Monday said that it had received firm commitments from institutional and sophisticated... 

BHP chooses MacKenzie to succeed Nasser as chairperson

By: Henry Lazenby     16th June 2017 The board of the world’s largest miner BHP Billiton has elected Ken MacKenzie to succeed Jac Nasser as chairperson. MacKenzie will assume the role of chairperson in September 1, following Nasser’s retirement as both chairperson and a non-executive director. 

Santos committed to Narrabri 

By: Esmarie Swanepoel     15th June 2017 Oil and gas major Santos has reaffirmed its commitment to develop the Narrabri gas project, in New South Wales, with MD and CEO Kevin Gallagher saying the project could deliver a substantial share of the state’s gas needs. Speaking at the American Chamber of Commerce, in Sydney, Gallagher said... 

Exploration needed to sustain Botswana diamond history

By: Martin Creamer     13th June 2017 The only way that Botswana can have a long and continued proud history of diamond mining is to spend money on diamond exploration, Botswana Diamonds MD James Campbell said on Tuesday, when he urged the country to consider adopting the Canadian flow-through incentive scheme to boost exploration... 

Paringa appoints US-based exec as MD and CEO

By: Creamer Media Reporter      13th June 2017 Coal developer Paringa Resources has appointed former Bowie Resource Partner COO Grant Quasha as MD and CEO to lead the company’s construction and operational team from Kentucky, in the US. Construction of the 2.8-million-tonne-a-year Poplar Grove mine, in the Illinois basin, is set to start next... 

Plymouth strengthens board

By: Creamer Media Reporter      8th June 2017 London-based Kevin Tomlinson has been appointed nonexecutive chairperson of ASX-listed Plymouth Minerals, which is advancing a large-scale lithium/tin deposit in Spain. Current executive chairperson Adrian Byass will assume the role of MD. 

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