http://www.engineeringnews.co.za
R/€ = 16.40 Change: 0.04
R/$ = 13.97 Change: 0.04
Au 1279.77 $/oz Change: 0.25
Pt 932.50 $/oz Change: 3.50
 

Topic

Phoenix Global embarks on ambitious plan to restart Empire copper mine, Idaho

By: Henry Lazenby     8th November 2017 Aim-listed copper junior Phoenix Global Mining has formulated an ambitious growth strategy to restart mining at the brownfields Empire copper mine, in Idaho, by 2020. The company made its debut on the LSE's Aim market late in June, with the aim of bringing the historic mine back into production,... 

Sylvania dump production down 8% in Q1

By: Ilan Solomons     30th October 2017 Platinum group metals (PGMs) processor Sylvania Platinum’s Sylvania Dump Operations (SDO) produced 16 589 oz of PGMs in the quarter to September 30 – an 8% decrease on the previous quarter's output of 17 954 oz. Commenting on the results on Monday, Sylvania CEO Terry McConnachie said the decrease... 

Freeport trades lower on earnings miss as production falls

By: Henry Lazenby     25th October 2017 The NYSE-listed equity of the world’s second-largest publicly traded copper miner by market capitalisation traded as much as 3.87% lower on Wednesday, despite confidently beating earnings forecasts as lower-than-expected output weighed on investor sentiment. For the three months ended September... 

Altron grows UK presence with software reseller acquisition

By: Schalk Burger     29th September 2017 JSE-listed information and communication technology (ICT) company Altron, through its subsidiary Bytes UK, has acquired information technology (IT) reseller and solutions provider Phoenix Software. The acquisition has bolstered its presence in the UK value-added reseller market segment and... 

eThekwini rapid public transport system needs hundreds of buses

By: Irma Venter     29th September 2017 Around 200 rigid buses, 180 articulated buses and 765 midi-buses will be required for eThekwini’s new GO!Durban integrated rapid public transport network over the next five years, says eThekwini Transport Authority head  Thami Manyathi. In addition, 250 commuters buses will be required as part of... 

Pan African rolling out vibrant internal growth projects 

By: Martin Creamer     21st September 2017 Midtier gold mining company Pan African is rolling out vibrant internal growth projects involving the revival of Evander Mines’ 7 Shaft and the alleviation of congestion at Barberton Mines’ Fairview operation, which will provide the flexibility needed to better exploit what is arguably the... 

Pan African poised for growth, proposes R185m final dividend

By: Martin Creamer     20th September 2017 Precious metals mining company Pan African, which on Wednesday proposed a R185-million final dividend, reports that it is poised for growth as remedial action regarding its operational challenges in the 12 months to June 30 delivers expected results. The London- and Johannesburg-listed company,... 

Durban needs more than 1 000 buses of all sizes for GO! network

By: Irma Venter     13th September 2017 Around 200 rigid buses, 180 articulated buses and 765 midi-buses will be required for eThekwini’s new GO!Durban integrated rapid public transport network over the next five years, says eThekwini Transport Authority head  Thami Manyathi. In addition, 250 commuters buses will be required as part of... 

World's richest mines slipping from hands of multinationals

By: Bloomberg     5th September 2017 Outnumbered and outflanked, Freeport-McMoRan CEO Richard Adkerson made an about-face. Only months before, Adkerson had dismissed the idea of selling a majority stake in the Phoenix-based company’s flagship Indonesian copper-and-gold mine to local investors. But, seated beside government officials... 

Denison hits high-grade unconformity uranium mineralisation at Gryphon

By: Henry Lazenby     30th August 2017 Uranium explorer Denison Mines has for the first time found unconformity uranium mineralisation at its Gryphon deposit, on the 60%-owned Wheeler River project, in the Athabasca Basin region of northern Saskatchewan. TSX- and NYSE MKT-listed Denison said on Wednesday drill hole WR-689D3... 

Freeport stock slides on Indonesian Grasberg copper/gold mine divestment plan

By: Henry Lazenby     29th August 2017 The world’s largest publicly traded copper miner Freeport-McMoRan (FCX) has agreed, in principle, to divest its flagship asset, giving Indonesia a 51% stake of the massive Grasberg copper/gold mine. The Phoenix, Arizona-based miner's announcement sent the company’s NYSE-listed stock falling... 

Sylvania lifts FY profit amid another year of record production

By: Creamer Media Reporter      21st August 2017 Platinum group metals (PGMs) processor Sylvania Platinum has posted a net profit of $8.87-million for the year ended June 30, compared with a profit of $3.73-million in the 2016 financial year. The company’s Sylvania Dump Operations (SDO) had achieved a fourth consecutive year of record... 

Freeport-McMoRan redeems five series of senior notes

By: Henry Lazenby     18th August 2017 The world’s largest publicly traded copper producer Freeport-McMoRan (FCX) has redeemed five series of senior notes with a total value of $543-million. The Phoenix, Arizona-headquartered company advised that it had issued notices to redeem on September 18, with two series of FCX senior notes and... 

Pan African warns of lower FY earnings

By: Creamer Media Reporter      18th August 2017 JSE- and Aim-listed Pan African Gold expects to report earnings per share (EPS) of between 18.3c and 21.32c in the year ended June 30. This represents a 29% to 39% decrease on the EPS of 30.2c reported in the prior financial year. 

Sylvania achieves record FY17 PGM output

By: Natasha Odendaal     31st July 2017 Aim-listed Sylvania Platinum has achieved a new yearly production record after another strong quarter pushed output from the Sylvania Dump Operations (SDO) beyond the upper end of the revised 65 000 oz guidance for 2017 to 70 869 oz. The low-cost platinum-group metal (PGM) processor and developer... 

Pan African sharpens gold focus as Sylvania buys Phoenix for R89m

By: Martin Creamer     31st July 2017 Gold-focused mining company Pan African has successfully concluded a conditional agreement with Sylvania Platinum for the disposal of all of its shares and loan accounts in its wholly-owned subsidiary Phoenix Platinum to Sylvania for R89-million cash. The disposal of Phoenix, which for some time... 

Newmont stock jumps as output rises and costs fall

By: Henry Lazenby     26th July 2017 US gold major Newmont Mining's operations across its portfolio outperformed for the three months ended June, pushing the company's NYSE-listed stock up by 8% on Tuesday. The Denver, Colorado-based miner has comfortably beaten analysts' earnings forecasts of $0.26 a share, posting an adjusted net... 

Canadian Nuclear Safety Commission OKs another ten years of McCLean Lake mill ops

By: Henry Lazenby     6th July 2017 A uranium mill processing high-grade uranium ore from Saskatchewan’s Athabasca basin has been granted a new ten-year licence to operate. The McClean Lake mill is one of the most technologically advanced uranium mills in operation and is the only facility in the world designed to process... 

Construction imminent at new Durban affordable housing development

By: Megan van Wyngaardt     3rd July 2017 Construction of a new affordable housing project at Bridge City – a joint venture between Tongaat Hulett and the eThekwini municipality – is due to start within the next few weeks. The development, 20 km north of the Durban central business district, will comprise 356 apartment units, priced from... 

Next phase of Durban’s Northern Aqueduct Augmentation to start in August 

By: Megan van Wyngaardt     3rd July 2017 Construction on the fifth phase of Durban’s Northern Aqueduct Augmentation project is set to begin in August, eThekwini Water and Sanitation (EWS) said on Monday. Phase 5 comprises a new 1 200 mm diameter continuously welded steel high-pressure pipeline, stretching from the Durban Heights... 

Electra Mining Botswana attracting top names and industry support

     26th June 2017 Leading local and international suppliers to the mining, industrial and power generation sectors have embraced the business growth opportunity that Electra Mining Botswana presents in the region. Komatsu Botswana, Atlas Copco Botswana, Hansen & Genwest, Cummins SA, Phoenix Contact, Worley Parsons... 

Having hit potential ‘tail of the tiger’, reinvigorated Northern Superior gathers momentum 

By: Henry Lazenby     1st June 2017 Junior exploration company Northern Superior Resources is building on the strong momentum gained in recent months, making two new gold discoveries at its Croteau Est project, in Quebec, and gearing up for further exploration at its key assets. “It’s very exciting to get back to exploration... 

FCX stock rises on interim Indonesia export deal despite earnings miss

By: Henry Lazenby     26th April 2017 The NYSE-listed stock of US-based diversified miner Freeport-McMoRan (FCX) on Tuesday closed 7.11% higher despite the miner reporting earnings below analyst forecasts, as investors were pleased with the company reporting resumed copper concentrate exports from Indonesia following a three-month... 

Momentum builds at Bridge City mixed-use development

By: Anine Kilian     13th March 2017 Activities at the Bridge City mixed-used property development north of Durban are gathering momentum. To date, 65% of the 53 ha development area has been sold to a mix of public and private sector investors, while 360 000 m2 of bulk is still available for purchase in Bridge City. 

Pan African CEO accuses union of ‘blatantly false’ safety statements 

By: Martin Creamer     22nd February 2017 The CEO of the London Aim- and Johannesburg-listed precious metals and coal mining company Pan African Resources on Wednesday accused the National Union of Mineworkers (NUM) of making statements that were “blatantly false” on safety practice at the Evander gold mine in Mpumalanga. “I will not say... 

Freeport stock dives on threatening Indonesian mine cuts, lower guidance

By: Henry Lazenby     26th January 2017 The NYSE-listed stock of US diversified miner Freeport-McMoRan (FCX) on Wednesday nosedived after the company threatened to reduce output and cut staff at its Grasberg mine, in Indonesia. The Phoenix, Arizona-based miner said that if it had not obtained approval to export concentrate by... 

Local light passenger and utility aircraft programme taking off

By: Keith Campbell     20th January 2017 Wonderboom Airport, in Pretoria (within the Tshwane metropolitan municipality), is the nest within which a fledgling civilian aircraft manufac- turing company is developing. Based in the airport’s Hangar 1, Falcon Air has developed and is producing its Falcon 402 general aviation aircraft, albeit... 

Local light passenger and utility aircraft programme taking off

By: Keith Campbell     20th January 2017 Wonderboom Airport, in Pretoria (within the Tshwane Metropolitan Municipality), is the nest within which a fledgling civilian aircraft manufacturing company is developing. Based in the airport’s Hangar 1, Falcon Air has developed and is producing its Falcon 402 general aviation aircraft, albeit... 

DRC drops objection to $3.8bn Freeport, Lundin sales

By: Bloomberg     18th January 2017 The Congolese government has dropped objections to Freeport-McMoRan and Lundin Mining’s $3.8-billion combined sales of one of the country’s biggest mines to Chinese companies, bringing an end to an eight-month dispute. Minister of Mines Martin Kabwelulu said by text messages that he had written... 

R150m optical fibre manufacturing facility opens in KwaZulu-Natal

By: Megan van Wyngaardt     14th December 2016 A new R150-million optical fibre cable manufacturing and distribution facility located within the Dube TradePort special economic zone, in Durban, on Wednesday started operations, six months after construction started. Trade and Industry Minister Dr Rob Davies welcomed the investment in the... 

Coke’s upgraded Durban plant on stream in time for festive demand

By: Shirley le Guern     18th November 2016 The R205-million upgrade to the Coca-Cola Beverages South Africa (CCBSA) plant in the Phoenix Industrial Park in Durban and the replacement of a seventies packing line, has come on stream just in time for the busy festive season. The upgrade of the line, which has trebled capacity, came with... 

Rob MacKenzie

     11th November 2016 This week we feature MacKenzie Position, MD of process instrumentation, solutions and services company Endress+Hauser 

Bathurst buys into more NZ coal

By: Esmarie Swanepoel     2nd November 2016 ASX-listed Bathurst and its joint venture (JV) partner Talleys Energy, through JV vehicle Phoenix Coal, have moved to acquire coal mining assets in New Zealand. Bathurst told shareholders on Wednesday that Phoenix had struck a deal with Solid Energy New Zealand to acquire the Buller Plateau... 

Freeport reports weaker Q3 results, lowers sales guidance

By: Henry Lazenby     25th October 2016 The world’s largest publicly traded copper producer Freeport-McMoRan on Tuesday announced third-quarter results weaker that analyst predictions, saying it now also expects to sell less copper, gold and molybdenum in 2016. Phoenix-based Freeport now expects to sell about 4.8-billion pounds of... 

Movement, at last, to extend WiFi into unconnected communities

By: Natasha Odendaal     30th September 2016 WiFi is starting to shift into the limelight as the disruptive technology that is increasingly a critical element of the ‘always-on’, connected society; however, townships and citizens in the living standards measure (LSM) five and below category are, for the most part, being sidelined. New... 

Movement, at last, to extend WiFi into unconnected communities

By: Natasha Odendaal     30th September 2016 Wi-Fi is starting to shift into the limelight as the disruptive technology that is increasingly a critical element of the ‘always-on’, connected society; however, townships and citizens in the living standards measure (LSM) five and below category are being, for the most part, sidelined. New... 

Teck’s diversified business model poised to drive cash flow, profit as commodities rise

By: Henry Lazenby     27th September 2016 Canada’s largest diversified miner Teck Resources is positioned to benefit from rising commodity prices owing to its exposure to stronger steelmaking coal and zinc markets, as well as from the weaker Canadian dollar. VP of investor relations and strategic analysis Greg Waller told the Deutsche... 

Freeport investors in DRC limbo as Tenke mine sale drags on

By: Bloomberg     24th September 2016 Freeport-McMoran investors have been learning the difficulties of doing business in the Democratic Republic of Congo, where even trying to leave can be an exercise in frustration. On May 9, the world’s largest publicly traded copper producer announced it would sell its 56% stake in the Tenke... 

First
Prev
1
2 3 4 5 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close