R/€ = 16.07 Change: 0.02
R/$ = 13.65 Change: 0.02
Au 1280.70 $/oz Change: -0.10
Pt 923.50 $/oz Change: 0.00


Prominent Hill openpit closure brought forward

By: Esmarie Swanepoel     16th October 2017 Copper/gold miner Oz Minerals will bring forward the closure of its openpit operations at the Prominent Hill mine, in South Australia, from the mid-2018 to the first quarter of the year. About A$10-million will be saved through the accelerated plan, the company reported on Monday, as it released... 

Carlyle snaps up Nosa to access occupational health, safety growth in emerging markets

By: Schalk Burger     13th October 2017 Nasdaq-listed asset management multinational Carlyle Group will acquire emerging markets-focused occupational health and safety training company Nosa Group from JSE-listed Micromega Holdings for up to R747.8-million. The occupational health and safety sector is particularly attractive across... 

Renewed focus for construction equipment supplier

By: Simone Liedtke     13th October 2017 Welding and construction equipment-related supplier Renttech South Africa (SA) aims to provide an “unmatched” range of construction equipment for sale or to rent for the construction industry as part of its goal to grow consistently and sustainably. 

ARM appoints two nonexecutive directors

By: Martin Creamer     11th October 2017 Diversified mining company African Rainbow Minerals (ARM) on Wednesday announced the appointment of two new nonexecutive directors. They are David Noko, who has been appointed as an independent nonexecutive director, and Jan Steenkamp, who has been appointed as a nonexecutive director. 

Galaxy strikes a deal with Lepidico

By: Esmarie Swanepoel     11th October 2017 Lithium miner Galaxy Resources has subscribed for A$2.9-million in shares in fellow-listed Lepidico, giving the company a 12% stake in Lepidico. Galaxy subscribed for more than 291.7-million shares in Lepidico, at a price of 1c a share. 

Opinion: South Africa’s coal mining sector could shrink by 46% 

     6th October 2017 In this opinion article, independent economic risk consultant Rob Jeffrey argues that the mining industry and coal industry need to fight for their very future otherwise all is lost. Few people realise that future economic, political and social prosperity are at currently stake. Decisions made in... 

This junior miner surged five-fold on mine asset sale

By: Bloomberg     6th October 2017 West High Yield Resources, a little-known Canadian miner, surged as much as 1 000% after it said it sold a magnesium deposit to a US buyer for $750-million – or 46 times the company’s market value. West High Yield, which has no revenue, jumped five-fold in Toronto trading to close at C$2 after... 

South Africa’s use of nonweapons-grade uranium to produce medical radioisotopes recognised

By: Keith Campbell     6th October 2017 South African company NTP Radioisotopes (NTP), a subsidiary of the State-owned South African Nuclear Energy Corporation (Necsa), has been presented with an Award for Outstanding Achievement by the US National Nuclear Security Administration (NNSA), an agency of the US Department of Energy (DoE),... 

Business Of Design: A Conference To Inspire The Way You Do Business

     4th October 2017 Business of Design returns to Johannesburg and Cape Town in October. The two-day conference that has had a positive impact on South African businesses since its inception in 2014, is led by some of the country’s top business experts and design professionals. While being inspirational, the... 

Opinion: Minister Kubayi’s Renewable Energy Plan: Does it signify progress or regression?

     29th September 2017 In this opinion piece, Sener regional MD Siyabonga Mbanjwa expresses the hope that both the current moratorium on new renewable-energy projects and the proposed 77c/kWh tariff cap will be reconsidered during industry consultations.  

IBAS Group

By: Zandile Mavuso     29th September 2017 South Africa-based IBAS Group has grown to be one of most consistent service providers in the demanding industrial access and related value-add sector. 

Strategic review at Aveng likely to trigger noncore disposals

By: Terence Creamer     26th September 2017 Aveng executive chairperson Eric Diack, who has stepped in as acting CEO at the construction group following Kobus Verster’s surprise resignation, says a “no-holds-barred” strategic review is currently under way in a bid to improve the company’s immediate liquidity position and position it for a... 

South African nuclear achievement crowned by US award

By: Keith Campbell     22nd September 2017 South African company NTP Radioisotopes (NTP), a subsidiary of the State-owned South African Nuclear Energy Corporation, has been presented with an Award for Outstanding Achievement by the US National Nuclear Security Administration (NNSA), an agency of the US Department of Energy (DoE), the two... 

Longford buys US company

By: Esmarie Swanepoel     21st September 2017 ASX-listed junior Longford Resources has moved to acquire two cobalt/copper projects, in the US. The company on Thursday announced that it would acquire US-based Liaz, which holds the Colsons copper/cobalt project in Idaho, and the Goodsprings copper/cobalt project in Nevada. 

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. 

Resolute becomes a World Gold Council member

By: Creamer Media Reporter      18th September 2017 ASX-listed Resolute Mining has become a member of the World Gold Council (WGC). “We are delighted that Resolute has joined the WGC alongside some of the world’s leading and most forward-thinking gold mining companies. I look forward to working with Resolute’s CEO and MD, John Welborn in shaping... 

New business appointments at DEHN Africa

     15th September 2017 DEHN Africa (PTY) LTD has appointed a new managing director, Hannes Ackermann, and promoted incumbent technical manager Hano Oelofse to the position of technical director. DEHN Africa is the local subsidiary of Germany-based lightning and surge protection, earthing components and safety equipment... 

Durban to host dozens in Africa’s rail sector

     15th September 2017 Durban, South Africa will soon be host to the largest gathering of African transport professionals – both in rail and in maritime. The second annual African Rail Evolution forum, co-located with the 6th annual African Ports Evolution forum and Kwazulu-Natal Export Week will take place 17-18... 

Coal market boom casts bullish trajectory for Corsa as it prowls for M&A ops

By: Henry Lazenby     14th September 2017 Surprising as it may seem, coal demand is at an all-time high, with the current heydays spelling “good profits and rising margins” for several miners in this space, including US-focused Corsa Coal. The TSX-V-listed miner, which produces coal from six mines, has one development mine and operates... 

Nova base metals mine in Fraser Range officially opened

By: Esmarie Swanepoel     8th September 2017 Base metals miner Independence Group has officially opened its Nova nickel/copper/cobalt mine, in Western Australia. MD and CEO Peter Bradford told shareholders on Friday that Nova reached commercial production only five years after its initial discovery, with the project expected to reach... 

Syrah finds buyer for Balama graphite

By: Esmarie Swanepoel     8th September 2017 Graphite developer Syrah Resources has signed an offtake agreement for 30 000 t of graphite from its Balama operation, in Mozambique. The sales agreement with Jixi BTR Graphite Industrial would see the graphite being supplied during the first year of the Balama operation, the company reported on... 

Bibiani could get going by year-end – Resolute

By: Esmarie Swanepoel     6th September 2017 ASX-listed gold miner Resolute Mining expects to make a final investment decision on its Bibiani gold mine, in Ghana, before the end of this year. MD and CEO John Welborn told delegates at the 15th yearly Africa Downunder conference, in Perth, that the company was currently updating a... 

NWK appoints new CEO

     5th September 2017 Agricultural products and services provider NWK has appointed Theo Rabe – the group's FD since 2005 – CEO with effect from September 5. He has already acted as MD for the past nine months. 

Bluejay appoints chairperson

By: Creamer Media Reporter      4th September 2017 Aim- and FSE-listed Bluejay Mining has appointed 70-year old Michael Hutchinson as its nonexecutive chairperson with immediate effect. Hutchinson has a career spanning almost 50 years in the metals industry, which Bluejay CEO Roderick McIllree said on Monday would greatly benefit the company. 

Resolute hedges its gold bets

By: Esmarie Swanepoel     4th September 2017 Miner Resolute Mining has forward sold 96 000 oz of gold at an average of $1 330/oz to take advantage of a recent upturn in prices. The company has scheduled monthly deliveries of 6 000 oz scheduled until December 2018. 

Isuzu Motors South Africa unveils leadership changes

By: Irma Venter     1st September 2017 Isuzu Motors South Africa (IMSAf) has announced a number of leadership appointments in support of the purchase of all Isuzu-related assets from General Motors South Africa (GMSA), effective January next year. Haruyasu Tanishige, in addition to his current role of senior executive officer for the... 

Independence back into black in 2017

By: Esmarie Swanepoel     30th August 2017 Diversified metals miner Independence Group has swung back into black during the full year ended June, with the miner reporting a net profit after tax of A$17-million, compared with a net loss after tax of A$58.8-million reported at the end of the 2016 financial year. “Our financial and... 

Preliminary field work to start at Tulu Kapi in Sept

By: Creamer Media Reporter      29th August 2017 Selected preliminary field work at gold exploration and development company Kefi Minerals’ Tulu Kapi mine, in Ethiopia, will start as soon as the wet season ends in September. The preliminary field work will include geotechnical drilling of the planned sites for the plant and dams. 

New Isuzu SA business to be headed by GMSA CFO, Michael Sacke

By: Irma Venter     22nd August 2017 Isuzu Motors South Africa (IMSAf) on Tuesday announced a number of leadership appointments in support of the purchase of all Isuzu-related assets from General Motors South Africa (GMSA), effective January next year. Haruyasu Tanishige, in addition to his current role of senior executive officer... 

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... 

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