R/€ = 14.65 Change: 0.16
R/$ = 12.52 Change: 0.06
Au 1292.14 $/oz Change: -0.74
Pt 901.50 $/oz Change: -0.19


Ferrum Crescent completes fundraising to advance Spain project

By: Creamer Media Reporter      22nd May 2018 Exploration company Ferrum Crescent, which will soon be known as Europa Metals, has completed a fundraising to progress resource delineation and to commission an initial scoping study at its lead/zinc project, in Spain. The company on Tuesday issued new shares and options to raise about... 

Ferrum Crescent name change approved

By: Creamer Media Reporter      21st May 2018 Australian company Ferrum Crescent has gained shareholder approval to change its name to Europa Metals, in a move designed to emphasise its involvement in a zinc, lead and silver project in Spain. The company last year sold its Moonlight iron-ore asset in South Africa and is now focusing on the... 

R3bn Rosslyn Hub to create 160 000 jobs

By: Nadine James     16th May 2018 The R3-billion mixed-use Rosslyn Hub development was launched at the African Smart Cities Summit, co-located with the African Construction and Totally Concrete Expo, at the Gallagher Convention Centre, in Johannesburg, on Wednesday. The Rosslyn Hub is a crucial step towards the creation of the... 

Farnese blue diamond, with 300-year royal history, fetches $6.7m

By: Reuters     16th May 2018 The Farnese Blue diamond, which was passed down through European royal families for 300 years, sold at auction in Geneva on Tuesday for 6.7-million Swiss francs ($6.7-million), beating auctioneers Sotheby's estimate of 3.5-million to 5-million Swiss francs. The 6.16 ct, dark grey-blue gem from... 

Berkeley appoints COO

By: Creamer Media Reporter      14th May 2018 Uranium-focused Berkeley Energia has appointed corporate executive Sean Wade as COO to identify and lead strategic business development opportunities. Prior to joining Berkeley, Wade was director of international media and investor relations at Georgia’s largest bank, TBC. During his time at the... 

Vukile grows Spanish retail investment to near €400m

By: Simone Liedtke     10th May 2018 Vukile Property Fund has, through its 98.7%-owned Spanish real estate investment trust (Reit) subsidiary Castellana Properties, acquired Habaneras Shopping Centre, its first shopping centre in Spain, for €80.6-million. The easily accessible open-air shopping centre is in Torrevieja, in the... 

Tshwane’s First Steps Towards Becoming Africa’s Automotive Capital to be Unveiled at the

9th May 2018 African Construction and Totally Concrete Expo and African Smart Cities Summit Rosslyn Hub, a R3-billion, mixed use development that will catalyse the city of Tshwane to become the automotive capital of Africa is set to be launched at the African Construction and Totally Concrete Expo on... 

Wine prices to rise as global shortage looms

By: Simone Liedtke     8th May 2018 The South African wine industry needs an upward price adjustment to ensure a sustainable supply going forward, amidst a looming wine shortage, says industry body Vinpro. Vinpro’s ‘Wine Harvest Report 2018’ shows that wine grape production is at 1.2-million tonnes – an almost 15% decrease compared... 

Africa is opportune for energy, smart solutions development – Schneider Electric

By: Marleny Arnoldi     8th May 2018 Automation and energy management multinational Schneider Electric on Tuesday revealed its strategy for the African continent and how it relates to creating smart cities – taking cognisance of challenges and opportunities.  

Local company targets mechanical tube cleaning opportunities at AUW

By: Melissa Zisengwe     4th May 2018 South Africa-based engineering, procurement and construction company Lesedi Nuclear Services says the African Utility Week (AUW) is the ideal platform to introduce energy companies and utilities to lesser known but an efficient mechanical tube cleaning system. The event is an opportunity to meet... 

Berkeley Energia to list on LSE, Spanish stock exchanges

By: Marleny Arnoldi     2nd May 2018 Uranium developer Berkeley Energia (currently Aim-listed) on Wednesday announced its intention to apply for admission of its ordinary shares to the main board of the LSE and to the Spanish Stock Exchanges (SSEs) of Madrid, Barcelona, Bilbao and Valencia.  

Berkeley Energia targets further cost reductions at the Salamanca mine

By: Simone Liedtke     30th April 2018 Clean energy-focused Berkeley Energia has completed the financing for its Salamanca uranium project, in Spain, and is in the process of undertaking detailed final reviews to ensure the company has the most optimal capital and operating costs. A final selection of contractors is also being finalised. 

Reformist SA, French Presidents increase mutual investment attraction

By: Rebecca Campbell     27th April 2018 French companies are confident in the South African market and in its future, French Embassy Economic Counsellor William Roos assured South African journalists at a recent briefing. He pointed out that some 400 French companies had already set up business in South Africa and others are interested... 

We have the ocean, so why not use it?

26th April 2018 It’s South Africa’s greatest irony – a country ravaged by drought, that’s surrounded by ocean. Home to one of Africa’s busiest ports, it seems almost nonsensical that a country so economically dependent upon the ocean should be facing a water crisis. And yet, in 2018, South Africa’s water woes... 

Global crude steel production up 4% y/y in March

By: Marleny Arnoldi     25th April 2018 World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.33-million tonnes in March – a 4% increase compared with production for March 2017.  

Barloworld to sell Iberian equipment business, shares hit

By: Reuters     25th April 2018 Barloworld will sell its underperforming Iberian equipment business to privately-owned Italian group Tesa following a strategic review. Shares in the equipment, car rental and logistics provider fell more than 7% after Wednesday's announcement, in which Barloworld said the overall proceeds of the... 

Global wind body sees South African market returning to ‘full health’ in 2018

By: Terence Creamer     25th April 2018 The Global Wind Energy Council (GWEC) expects the South African wind market to return to “full health” in the coming year, following more than two years of uncertainty. The council’s latest Global Wind Report, which deals with market developments for 2017, notes that the South African renewable... 

Atalaya completes prefeasibility study on Spain copper project

By: Mariaan Webb     23rd April 2018 A prefeasibility study (PFS) has found that the Proyecto Touro copper project will be profitable, validating Aim- and TSX-listed Atalaya Mining’s initial interest in the brownfields development in north-west Spain. Based on a long-term copper price of $3/lb, the Touro project has an after-tax... 

Apollo plans IPO for Constellation subsidiary

By: Esmarie Swanepoel     23rd April 2018 ASX-listed junior Apollo Minerals announced plans to list its Fraser Range nickel/copper and gold assets on the Australian bourse through an initial public offering (IPO). The separate listing of Apollo’s subsidiary Constellation Resources, would allow the company to focus its efforts on its... 

Distributed generation can mitigate transmission constraints in Africa

By: Jessica Oosthuizen     20th April 2018 Investment in the African transmission grid and distributed generation solutions could be viable in mitigating the challenge of providing access to electricity, says power generation original-equipment manufacturer Himoinsa. “Whether owing to transmission constraints or distribution issues,... 

Orion appoints mining engineer as nonexecutive director

By: Creamer Media Reporter      18th April 2018 ASX- and JSE-listed Orion Minerals, which is developing the Prieska base metals project in South Africa’s Northern Cape, has appointed Michael Hulmes as nonexecutive director. Hulmes is a mining engineer with over 30 years’ senior executive, management 

W Resources plans to spin off or sell copper and gold assets

By: Mariaan Webb     17th April 2018 European mining project developer W Resources is considering spinning off or selling its copper and gold projects, as it increasingly focuses on its tungsten assets in Spain and Portugal. The company, which is advancing the La Parrilla tungsten mine in Spain, owns the São Martinho,... 

Same-day delivery to be the norm by 2022, survey finds

By: Anine Kilian     13th April 2018 Manufacturers, transportation and logistics firms and retailers are moving to meet the growing needs of the on-demand economy, in which the online buying, smartphone-wielding consumer expects a seamless, faster purchasing journey, a global survey has shown. The ‘Future of Fulfilment Vision... 

Atalaya acquires Proyecto Riotinto royalty for $4.75m

By: Marleny Arnoldi     13th April 2018 Copper miner Atalaya Mining has agreed to acquire a royalty over the Proyecto Riotinto project, in Spain, from Rumbo 5-Cero for $4.75-million.  

Atalaya’s Q1 output beats management expectations

By: Mariaan Webb     11th April 2018 Dual-listed Atalaya Mining has achieved its second highest production quarter on record, with copper output increasing to 9 441 t in the three months ended March, from 8 805 t in the corresponding period of 2017. The company, which operates the Proyetco Riotinto mine, in Spain, achieved a 7.1%... 

Farnese blue diamond goes on sale after 300 years of royal history

By: Reuters     6th April 2018 The historically important Farnese Blue diamond, which was passed down through European royal families for some 300 years, is to go on sale for the first time next month, auctioneers Sotheby's said. Expected to fetch between $3.7-million and 5.3-million, the 6.1 ct, dark grey-blue stone from the... 

W raises £1.5m to accelerate Portuguese tungsten projects

By: Creamer Media Reporter      5th April 2018 Aim-listed W Resources said on Thursday it had completed a placement of 300-million shares at 0.5p each to raise £1.5-million from new and existing shareholders. The placing enables W to accelerate development on its Portuguese projects, in particular at the Régua and Tarouca tungsten projects... 

Engen’s Youth Development Programme shortlisted for the 2018 Sport Industry Awards

By: Creamer Media Reporter      4th April 2018 Sport Industry Group brings the sport industry together through a series of world-class events, industry-leading editorial content and a genuinely unparalleled network of influential figures from across the international sporting landscape. They focus on three key pillars: Share, Connect and... 

Apollo raises cash for European projects

By: Esmarie Swanepoel     4th April 2018 ASX-listed junior Apollo Minerals will raise A$6-million through an institutional placement to accelerate work programmes at the Couflens project, in France, and the Aurenere project, in Spain. Apollo will issue 26.1-million shares, at a price of 23c each, to raise the costs, with the placement... 

W Resources awarded €5.3m grant for Spain tungsten mine

By: Mariaan Webb     28th March 2018 The Junta de Extremadura government has awarded Aim-listed W Resources a €5.3-million grant for the La Parrilla tungsten and tin project, in Spain. The grant equates to 32% of the €16.6-million plant and facilities package that qualified for the grant contribution. 

Atalaya improves financial performance on production and price gains

By: Mariaan Webb     27th March 2018 Dual-listed copper miner Atalaya Mining has posted a 60% jump in net income to €18.2-million in 2017, thanks to strong revenue growth on the back of higher production from Proyetco Riotinto, in Spain, and increasing copper prices. Revenue for the 12-month period amounted to €160.5-million,... 

Global crude steel production increases 3.5% y/y in February

By: Simone Liedtke     26th March 2018 Global crude steel production increased by 3.5% year-on-year to 131.8-million tonnes in February, the World Steel Association (worldsteel) reported on Monday. Africa’s crude steel production increased by 4% year-on-year to 1.1-million tonnes, mainly as a result of a 7.6% year-on-year increase in... 

EU trade chief hopeful of exemption from Trump tariffs

By: Reuters     22nd March 2018 European Trade Commissioner Cecilia Malmstrom expressed cautious optimism on Thursday that US President Donald Trump would exempt the European Union from import tariffs to be imposed on steel and aluminium. The United States is set to begin charging import duties of 25% on steel and 10% on... 

Apollo takes interest in Spanish project

By: Esmarie Swanepoel     21st March 2018 ASX-listed Apollo Minerals will acquire a 75% interest in the Aurenere tungsten/gold project, in northern Spain, along strike from the Couflens project, in France. Under the share purchase agreement, Apollo would acquire a majority interest in Spain’s NeoMetal for €100 000 cash upfront, and a... 

Himoinsa sees demand growth in construction, mining in Africa 

By: Schalk Burger     12th March 2018 Power equipment manufacturer Himoinsa has expanded its local African teams and partners to meet the growing demand for custom-designed power systems and generators in the construction and mining sectors, Himoinsa Europe, Middle East and Africa director Guillermo Elum said on Monday. The demand... 

E-VIA FLEX-E mobility, Italy, France and Spain

By: Sheila Barradas     9th March 2018 The project entails the installation of 14 ultrafast charging stations in Europe. 

ExecuJet adds Bombardier Challenger 350 to its East Africa fleet

By: Marleny Arnoldi     6th March 2018 International business aviation company ExecuJet is expanding its managed fleet in Africa with the addition of a Bombardier Challenger 350 to be based in Nairobi, Kenya.  

Africa’s leading industry trade fair prepares to open its doors

By: Creamer Media Reporter      6th March 2018 The countdown has begun: bauma CONEXPO AFRICA opens its doors for the third time in one week. The largest trade fair for construction machinery, building material machines, mining machines and construction vehicles in Africa continues to attract international participation, highlighted by four... 

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