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Namibia Rare Earths expands metals portfolio

By: Henry Lazenby     10th November 2017 TSX-V-listed project developer Namibia Rare Earths has signed an agreement with private firm Gecko Namibia to acquire a controlling interest in a portfolio of seven metals properties, thereby expanding its focus from heavy rare earths to include cobalt, copper, zinc, lithium, graphite, tantalum,... 

Local bearings company experiences growth in food production sector

10th November 2017 Local bearings distributor Bearings International (BI) has experienced rapid growth in the food production industry. The company says food production security is important, especially given how harsh and dynamic an environment the South African agricultural industry operates in at present.... 

Company expands fluid technology services

10th November 2017 Industrial product supplier Bearing Man Group’s (BMG’s) strategy to enhance its fluid technology services to meet growing market demand, encompasses the introduction of new products, with the latest developments in design technologies, materials and coatings. The company’s extensive range of... 

Petrochemicals product supplier launches ball valve

10th November 2017 Last month, multinational oil and gas product supplier Schlumberger announced the release of the GROVE IST integrated seat technology ball valve. The company, which has an Angolan office that services the Democratic Republic of Congo, Gabon, Kenya, Mozambique, Namibia, South Africa, Tanzania, and... 

Competence Centre promotes energy efficiency awareness in Africa

By: Nica Schreuder     10th November 2017 The South African-German Chamber of Commerce and Industry’s Competence Centre for Sustainable Energies (CC:SE), in Cape Town plays an important role in creating awareness and fostering conversations among African stakeholders in the renewable energy and energy efficiency sector. CC:SE manager... 

AfrTin starts trading on Aim

By: Creamer Media Reporter      9th November 2017 AfriTin Mining on Thursday started trading on the Aim. The company, which was demerged from Aim-listed Bushveld Minerals, owns various tin assets in Namibia and South Africa. 

Etango identifies capital savings at Namibia uranium project

By: Esmarie Iannucci     9th November 2017 A processing optimisation study at the Etango uranium project, in Namibia, has reduced the expected capital costs by about $73-million, from a previous estimate of $870-million. Project developer Bannerman Resources on Thursday reported that the largest capital reductions came from a simplified... 

Khato Holdings is making great strides in Botswana and other SADC states 

9th November 2017 Khato Civils has also established a country office in Botswana, where it has 60-million pula of equipment and has bought a 4 ha site on which to construct its head office in the country. Khato Civils CEO Mongezi Mnyani explains that the building plans are in the last stages of being approved by... 

B2Gold’s surprise Q3 profit props up stock despite 71% drop in headline earnings

By: Henry Lazenby     9th November 2017 Canadian multinational gold miner B2Gold has reported a stronger-than-expected third-quarter profit, despite its headline net profit – excluding special items – falling 71% year-over-year. The Vancouver-headquartered company reported an adjusted net income for the three months ended September of... 

Aon now trading as Minet

By: Anine Kilian     8th November 2017 Professional risk consultancy firm Aon has started trading as Minet, the company said in a statement on Wednesday. The company recently announced its decision to change the ownership structure of its operations across several sub-Saharan African countries. 

Mining industry should review business models, CSR collaboration – DMR

By: Mia Breytenbach     7th November 2017 With the mining industry now recovering from the downturn in commodity prices, and a new balance emerging in the global demand and supply of minerals, now is the time to reflect, innovate and plan for a more resilient industry in the future, says Mineral Resources Deputy Minister Godfrey... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Uranium-endowed South Africa stands to benefit from ambitions to improve electricity access in Africa

By: Dylan Slater     3rd November 2017 In tandem with growing ambitions to increase access to electricity for many African citizens who currently have limited or no access to electricity comes the call for new large-scale power stations to be built. This has prompted a keen interest in nuclear power stations and, consequently, a... 

Chinese truck brand aims to grow SA sales as it expands offering

By: Irma Venter     3rd November 2017 Powerstar sold around 420 trucks in South Africa last year, with the Chinese brand aiming for 500 units this year, says Everstar Industries CEO Bob Wang. The growth will come from the brand expanding its product portfolio from the extra-heavy and heavy commercial vehicle (EHCV, HCV) segments to... 

WEF Global Gender Gap report sees South Africa slip four places

By: African News Agency      2nd November 2017 The World Economic Forum’s (WEF) latest Global Gender Gap report shows that South Africa has dropped to nineteenth place out of 144 countries measured. According to a statement from WEF, this year painted a bleak picture of gender equality globally. WEF said that for the first time since... 

AECI acquires Much Asphalt for R2.27bn

By: Anine Kilian     30th October 2017 JSE-listed AECI will acquire South African asphalt producer Much Asphalt for R2.27-billion.  “Much Asphalt has a market leading position with long-established customer relationships, a robust order book and project pipeline, and a highly-experienced management team,” AECI said in a statement on... 

Wind energy sector still attractive to investors

By: Nadine James     27th October 2017 Shorter fabrication time, lower costs for parts, and increased repeatability and uniformity have led to impressive improvements in the wind energy sector, says multidisciplinary engineering consultancy WSP Africa power director Dinesh Buldoo. “For instance, there is significant focus on advanced... 

Steel company raises the bar in Africa with new technologies

By: Robyn Wilkinson     27th October 2017 Taking a long-term view that predicts significant growth in demand for stainless steel products in Africa in the next few years, steel supplier and processing company Allied Steelrode has invested in advanced processing technologies that will cement its position as a market-leader in product... 

Euro Steel

By: Creamer Media Reporter      27th October 2017 Part of AFMETCO Group of Companies, Euro Steel has evolved into one of South Africa’s largest stainless steel, special steels, aluminium and other corrosion-resistant materials distributors and exporters. The company operates predominantly in all major cities in South Africa, but also has... 

Otjikoto mine solar power installation, Namibia

By: Sheila Barradas     27th October 2017 B2Gold Corp is building a solar power plant at the Otjikoto mine to reduce its reliance on a heavy fuel power plant currently used to power the mine. 

Oil prices still struggling but huge potential ahead for Africa

By: Kim Cloete     26th October 2017 Experts from UK-based Standard Chartered Bank expect the oil price will remain in the $45/bl to $60/bl-plus range. “We are in a lower for a longer cycle,” Standard Chartered Bank global head of energy and natural resources Peter Gaw told delegates at the Africa Oil Week, in Cape Town. 

Celsius raises A$3.9m to advance Namibian project

By: Esmarie Iannucci     26th October 2017 Junior Celsius Resources will raise A$3.9-million to advance its Opuwo cobalt project, in Namibia. The ASX-listed company on Thursday said that it had completed a bookbuild for the issue of 71.6-million shares, priced at 5.5c each, to raise A$3.9-million. 

Weatherly’s Tschudi mine output rises 21% q/q in Sept quarter

By: Anine Kilian     24th October 2017 Copper cathode production at Aim-listed Weatherly International’s Tschudi mine, in Namibia, improved by 21% quarter-on-quarter to 4 105 t in the quarter ended September 30.  Tschudi C1 costs reduced by 15% to $5 402/t. “The company continues to experience lower-than-anticipated leach rates . . .... 

De Beers’ Q3 output rises 46% y/y

By: Mia Breytenbach     24th October 2017 Diamond major De Beers’ rough diamond production for the third quarter of the year increased by 46% year-on-year to 9.2-million carats, reflecting stable trading conditions, as well as the contribution from the ramp-up of the Gahcho Kué joint venture mine, in Canada. Production in Canada... 

Politics muddying new-vehicle market forecasts

By: Irma Venter     24th October 2017 It is impossible to accurately forecast where the new-vehicle market will end the year, or what the 2018 market will look like, says Standard Bank Vehicle and Asset Finance (VAF) group head Simphiwe Nghona. “Everything hinges on the political landscape. Anything can happen in the last quarter.... 

AfriTin to launch IPO

By: Anine Kilian     23rd October 2017 Bushveld Minerals’ newly established tin-focused subsidiary, AfriTin Mining, on Monday announced its intention to launch an initial public offering (IPO) and to list on the Aim. Bushveld’s shareholders on Friday approved the demerger of its tin assets. AfriTin, which holds an 85% interest in the... 

Bushveld shareholders approve tin asset demerger

By: Creamer Media Reporter      20th October 2017 Shareholders of Aim-listed diversified mineral development company Bushveld Minerals have approved the demerger of the company’s tin assets. Bushveld earlier this month revealed its plans to demerge its tin assets, comprising the Mokopane tin and Zaaiplaats tin tailings projects in South Africa,... 

On-The-Air (20/10/2017) 

By: Martin Creamer     20th October 2017 Young black diamond cutters and polishers are hitting the high spots with amazing performances; Huge concern is building up over the lack of mineral exploration in South Africa and its threat to the future of the South African mining industry; and South Africa’s only known diamond explorer is... 

Hydraulics scope for vessel project completed

20th October 2017 In its biggest sea vessel project ever undertaken, hydraulic components and turnkey hydraulic systems supplier Hytec successfully designed, manufactured, installed and commissioned all hydraulics for three systems on board the most technologically advanced marine diamond sampling and exploration... 

New business model drives group’s resurgence in Africa

By: Robyn Wilkinson     20th October 2017 Economic growth in Africa is ensuring a steady demand for infrastructure development and by tailoring its business model to access this demand, engineering services provider ELB Group has enhanced its activities on the continent and announced a return to profitability. 

Concord Cranes to diversify into new markets and extend its footprint

18th October 2017 Concord Cranes, a crane hire and specialised transport service company in the Industrial Services Holdings (InServe) stable, is diversifying into the heavy-lift market, as well as expanding its footprint in South Africa and on the continent. The Concord Cranes group comprises Concord AngloV3... 

Trevali stock trades lower on production miss

By: Henry Lazenby     18th October 2017 The value of the recent acquisition of two African zinc assets from mining major Glencore is evident in zinc-focused miner Trevali Mining latest operating results, which it published on Monday, accounting for about 65% of output. However, the company’s TSX-listed equity on Tuesday fell as much as... 

Young HDSA diamond beneficiators doing well – De Beers 

By: Martin Creamer     17th October 2017 The model launched last year by De Beers for the development of young historically disadvantaged South Africans (HDSAs) as diamond beneficiators is proving highly successful, De Beers Senior VP Sightholder Sales South Africa Mpumi Zikalala said on Tuesday. Speaking to Mining Weekly Online on the... 

Malmström raises EU’s concern over South Africa's stance towards renewables IPPs

By: Terence Creamer     17th October 2017 European Commissioner for Trade Cecilia Malmström confirmed on Tuesday that she had communicated the European Union’s (EU’s) unhappiness over Eskom’s refusal to enter into contracts with renewable-energy independent power producers (IPPs), some of which are European, directly with the South... 

Design And Build Of New 12,000m³ Reservoir For Namwater At Rundu, Namibia

17th October 2017 Work is progressing well on the new 12,000 m³ reservoir and associated pipework on Namibia’s northern-most border with Angola. Progress is over 60% and completion is expected to be well in advance of the contractual completion date of 12 April 2018. The design and construction of the reservoir –... 

Design And Build Of New 12,000m³ Reservoir For Namwater At Rundu, Namibia

16th October 2017 Work is progressing well on the new 12,000 m³ reservoir and associated pipework on Namibia’s northern-most border with Angola. Progress is over 60% and completion is expected to be well in advance of the contractual completion date of 12 April 2018. The design and construction of the reservoir –... 

B2Gold beats Q3 production forecast

By: Henry Lazenby     13th October 2017 The TSX-listed stock of gold producer B2Gold rallied more than 3% on Friday morning following the company reporting better-than-expected gold output for the three months ended September 30. The Toronto-headquartered company reported consolidated gold output of 135 628 oz, including 6 340 oz of... 

Self-starters share secrets to success in the South African mining sector

By: Ilan Solomons     13th October 2017 There are many ways for entrepreneurs to enter the mining industry, including as project developers, service providers and product suppliers – all of which hold great opportunities and challenges, states mining investment advisory company MX Mining Capital Advisors director Dr Mike Seeger. The... 

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