R/€ = 15.94 Change: 0.13
R/$ = 13.48 Change: 0.23
Au 1243.94 $/oz Change: 6.10
Pt 889.03 $/oz Change: 11.53


Newcrest sells Bonikro gold mine for $81m

By: Mariaan Webb     13th December 2017 Australian gold major Newcrest has agreed to sell its 89.89% interest in the Bonikro gold mine, in Côte d'Ivoire, for $81-million, the company announced on Wednesday. A consortium comprising Forbes & Manhattan Group and the Africa Finance Corporation has picked up the asset, which produced 128... 

First mover Noront shifts RoF focus to Cu/Zn exploration

By: Henry Lazenby     8th December 2017 With the first commitments in place to build roads into Northern Ontario’s emerging Ring of Fire (RoF) mining camp, regional first mover Noront Resources is taking the opportunity to continue to build out its inventory of polymetallic resources by prioritising copper/zinc targets for exploration... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent ones, thereby reflecting a degree of positivity, as well as signs of growth. This also points to untapped potential that is ready to be unlocked through increased investment upstream and... 

Mike Brown steps in as Gem Diamonds nonexecutive director

By: Dylan Slater     7th December 2017 Diamond producer Gem Diamonds is set to receive fresh blood as decade-sitting Gavin Beevers will not stand for re-election in 2018 as a nonexecutive director 

Newcrest agrees lower power tariff for Cadia, eyes renewable supply as long-term solution

By: Creamer Media Reporter      5th December 2017 Gold miner Newcrest has negotiated a lower electricity tariff for its Cadia operation, in New South Wales, which will assist in bringing down the New South Wales-based mine’s all-in sustaining costs to the lower-end of its $255-million to $295-million guidance range for the 2018 financial year.... 

Electric vehicle revolution a rare investment opportunity as metals demand spikes

By: Henry Lazenby     1st December 2017 The rate at which global automotive markets are adopting electric vehicles (EVs) is accelerating at a much faster pace than even some of the keenest market observers estimated at the start of 2017, and is opening up once- in-a-lifetime investment opportunities among the four key ‘energy metals’ –... 

Warne Rippon

     1st December 2017 This week we feature Warne Rippon, executive director of Allied Steelrode, a supplier and processor of steel.   

Makwana appointed chairperson of Illovo Sugar

By: Natasha Odendaal     30th November 2017 Illovo Sugar South Africa on Thursday announced the appointment of Mpho Makwana as chairperson, effective December 1, succeeding Gavin Dalgleish who stepped down to focus on his role as group MD. Makwana previously co-chaired the World Economic Forum on Africa in 2011 and served as Eskom... 

Volvo Cars owner buys US flying car aspirant, targets 2019 launch

By: Irma Venter     28th November 2017 China’s Zhejiang Geely Holding Group (Geely) will acquire the operations and assets of Terrafugia, a US-based company focused on the engineering and production of flying cars and other future technologies. Geely also owns Lotus and Volvo Cars, and sells taxis under the London Taxi brand. 

Underground ore reserves extend Prominent Hill life to 2029

By: Mia Breytenbach     21st November 2017 An 18% increase in the underground ore reserve at Prominent Hill could extend the mine’s life to 2029, copper/gold miner Oz Minerals reported on Tuesday. The increase in underground ore reserves to 39-million tonnes at 1.7% copper equivalent has enabled an expected underground production rate of... 

Crusader appoints former Stratex MD, plans London listing

By: Mariaan Webb     20th November 2017 ASX-listed gold play Crusader Resources on Monday announced the appointment of Marcus Engelbrecht as MD and said a planned secondary listing on the Aim to capture the benefits of the thwarted merger with Stratex International. Engelbrecht left the employment of Aim-listed Stratex earlier this... 

Atlantic Sunrise pipeline project, US

By: Sheila Barradas     17th November 2017 The US Court of Appeals for the District of Columbia has denied an emergency motion to stay the Federal Energy Regulatory Commission’s authorisation of the Atlantic Sunrise pipeline project. 

Schletter South Africa appoints new MD

By: Megan van Wyngaardt     13th November 2017 Solar photovoltaic (PV) mounting system supplier Schletter South Africa has appointed Trevor DeVries MD, effective November 6. DeVries is heading the company that serves the sub-Saharan Africa business of the globally active Schletter Group. 

Mustang MD steps downs

By: Esmarie Swanepoel     13th November 2017 The MD of ruby miner Mustang Resources, Christiaan Jordaan, has handed in his resignation, effective immediately. The company on Monday told shareholders that Jordaan’s decision to resign was a personal one, and had reluctantly been accepted by the company’s directors. 

Pilbara eyeing downstream processing

By: Esmarie Swanepoel     10th November 2017 Lithium developer Pilbara Minerals has signed a nonbinding memorandum of understanding (MoU) to potentially develop a downstream lithium chemical conversion facility in South Korea. The ASX-listed company on Friday noted that the MoU with Polaris Shipping and LG Chem would see Pilbara supply up... 

ACSA CEO to chair international organisation

By: Megan van Wyngaardt     9th November 2017 Airports Company South Africa (ACSA) CEO Bongani Maseko has been appointed chairperson of the world governing board of the Airports Council International (ACI), the trade representative of the world’s airports, for a two-year term. ACI serves 623 members operating 1 940 airports in 176 countries... 

Santos names Narrabri among its five core assets

By: Esmarie Swanepoel     9th November 2017 Oil and gas major Santos has reclassified the Narrabri project, in New South Wales, as a core project in the company’s new transform-build-grow strategy. MD and CEO Kevin Gallagher said at an investor day on Thursday that Santos had simplified the business to focus on five core, long-life... 

Rio creates new commercial role

By: Esmarie Swanepoel     6th November 2017 Mining major Rio Tinto has appointed Simon Trott as its chief commercial officer (CCO), reinforcing the miner’s focus on driving value across the business. Trott, who is currently the salt, uranium and borates MD, will report directly to the company’s CEO and will form part of Rio’s executive... 

Altron’s continuing operations maintain performance despite ‘tough’ H1

By: Anine Kilian     26th October 2017 JSE-listed Allied Electronics’ continuing operations delivered results in line with expectations in the six months ended August 31, despite difficult local economic conditions, a strengthening currency and one-off costs associated with the group’s restructuring processes. Speaking at a... 

Senex brings Western Surat wells on line

By: Esmarie Swanepoel     23rd October 2017 ASX-listed Senex Energy has brought the first 30 appraisal wells on line as part of its Phase 2 investment in the Western Surat gas project, in Queensland. The company in February this year announced that it would invest A$50-million in the 30-well drilling campaign to further its understanding... 

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... 

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