R/€ = 14.48 Change: 0.04
R/$ = 13.33 Change: 0.03
Au 1264.12 $/oz Change: 1.50
Pt 943.50 $/oz Change: -2.50


Goldcorp posts Q1 earnings surprise as cost-cutting measures gain traction

By: Henry Lazenby     27th April 2017 Canadian gold major Goldcorp has beaten average analyst forecasts for its first-quarter earnings as the company’s sustainable efficiency programme gains traction. The Vancouver-based miner on Wednesday reported net earnings for the three months ended March 31, of $170-million, or $0.20 a share,... 

DAFF pledges support for a game changing NWU food and energy security project

By: Mia Breytenbach     26th April 2017 The Department of Agriculture, Forestry and Fisheries (DAFF) has pledged its support for the SUNfarming Food & Energy project at the North-West University (NWU), in Potchefstroom, in the North West province, which promotes the growing of and provides an opportunity to grow affordable and... 

Canada contributes R25m to help end spatial apartheid

By: Anine Kilian     26th April 2017 Canada’s Deputy Minister of Global Affairs, Ian Shugart, on Wednesday announced a contribution of R25-million to the Equal Spaces: Social Housing to End Spatial Apartheid project, in South Africa. The project will be managed by Canadian nongovernmental organisation Rooftops Canada and will... 

South Deep output 43% down, costs 56% up – Gold Fields

By: Martin Creamer     26th April 2017 Quarter-on-quarter gold production at the South Deep gold mine fell 43% in the first three months of 2017, when costs soared 56%, Gold Fields reported on Wednesday. All-in costs (AIC) at the mechanised mine, located 45 km southwest of Johannesburg, rose to a high level of $1 821/oz in the first... 

Fast Population Growth Means Fast Infrastructure!

     26th April 2017 The World Health Organisation estimates that by 2025 half of the world’s population will be living in water-stressed areas. That is a frightening statistic. With water being the key source to life as we know it, this is a serious problem that needs serious solutions. 

Anglo commits to innovative mining that’ll keep people out of harm’s way

By: Martin Creamer     25th April 2017 Keeping people out of harm’s way, extracting more precious ore and less waste rock, recycling all the required water and producing only dry tailings are among the innovative steps diversified mining company Anglo American is firmly committed to taking.  “The real future of mining lies in turning... 

Ekurhuleni sets aside R12bn to assist youth owned businesses and SMMEs

By: African News Agency      25th April 2017 The Mayor of Ekurhuleni Mzwandile Masina on Tuesday said the city has set aside R12-billion to ensure youth owned businesses and small, medium-sized and microenterprises (SMMEs) to reposition themselves as capable and preferred service providers to government. “The money will be ring-fenced to... 

Atlas Copco compressors and light tower win Red Dot Design Awards

     25th April 2017 Atlas Copco, a leading provider of sustainable productivity solutions, has won two prestigious Red Dot Design Awards for 2017 for portable compressors and a LED light tower. “We are proud to once again be recognised with this distinguished prize for outstanding design,” said Andrew Walker,... 

88 days of water left in Cape Town

By: News24Wire      25th April 2017 The City of Cape Town on Monday said the city's feeder dams only have enough water for another 88 days. The city asked residents to decrease city water usage to 600-million litres per day. Previously the city’s target was to have consumption below 700-million litres per day. 

Auditor General findings on water department disturbing – Outa

By: Megan van Wyngaardt     24th April 2017 The Organisation Undoing Tax Abuse (Outa) is investigating alleged abuse of capital grants, which were intended to address the dire situation of South Africa’s increasingly threatened natural water resources, following “disturbing” findings by the Auditor General (AG) in a special performance... 

Eastern Cape architect sets the standard for eco-conscious design on new countryside estate

     21st April 2017 According to a study carried out by US construction think tank Dodge Data and Analytics, South Africans are increasingly choosing to invest in properties that have been designed to limit their environmental impact. This has seen a rise in the number of buildings that are being developed using... 

Kal Tire buys Tyre Corporation’s South African operations

By: Megan van Wyngaardt     21st April 2017 North American company Kal Tire’s Mining Tire Group has acquired Tyre Corporation, expanding its footprint in South Africa, with 800 team members across 80 mine sites. “Tyre Corporation is a recognised market leader in underground mining tyre services and sales and we are excited to bring their... 

Nigerian finance minister says country needs to tap its non-oil revenues

By: Reuters     21st April 2017 Nigeria plans to get out of recession by boosting government revenues and cracking down on corruption, Finance Minister Kemi Adeosun said on Thursday, and will also issue more international debt to pay for infrastructure projects. The country is in its second year of recession, brought on by... 

Sun shines on South Africa’s clean energy future

     21st April 2017 Substantial ultra-violet radiation levels and excellent wind conditions have allowed South Africa to diversify its energy generation mix from one that previously relied heavily upon fossil fuels towards a national grid network that is now supported by “green” renewable energy (RE). In line with... 

Interest in nuclear energy said to be rising across sub-Saharan Africa 

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Integrated energy solutions Africa’s answer

By: Robyn Wilkinson     21st April 2017 While several large-scale energy projects in Africa are progressing positively, growing global interest in sustainability and renewable energy highlights the need to actively pursue other low-cost, fast-tracked integrated energy solutions that will benefit Africans without access to electricity,... 

Interest in nuclear energy said to be rising across sub-Saharan Africa

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Pay-as-you-go microgrids seen offering rural electrification alternative

By: David Oliveira     21st April 2017 Pay-as-you-go solar microgrid solutions, coupled with energy storage, is proving to be a boon for the African communities they power and offers opportunities to entrepreneurs to tap into this growing market. South Africa has highlighted the potential of this system through the government Green... 

Solem I and II solar photovoltaic projects, Mexico

By: Sheila Barradas     21st April 2017 The International Finance Corporation is considering providing loans of up to $7-million to support the construction of the projects. 

Land Bank sets aside R1bn to support black farming investments in 2017  

By: Terence Creamer     20th April 2017 South Africa’s Land Bank has set a target of disbursing “at least” R1-billion in 2017/18 to support investments by black entrepreneurs in the agricultural sector and to begin transforming a loan book that is still overwhelmingly composed of funding to established commercial farmers. Should the... 

Gravico’s strategy for the new economy

     20th April 2017 As part of its strategic consolidation in response to ongoing changes in South Africa’s heavy engineering industry, the DCD Group is consolidating aspects of its manufacturing capacity and expertise into its Gravico Heavy Engineering joint venture. According to DCD chief executive officer Digby... 

Eskom pumps R4m into renewable-energy research at Stellenbosch 

By: Megan van Wyngaardt     20th April 2017 To further fund research in the renewable-energy space, Eskom will, through its Power Plant Engineering Institute (EPPEI), donate a further R4-million to the Centre for Renewable and Sustainable Energy Studies (CRSES), based at Stellenbosch University. It donated R2.6-million to CRSES last year. 

New study ranks South Africa fourth most attractive investment destination in Africa

By: African News Agency      20th April 2017 South Africa has been ranked as the fourth most attractive economy for investments flowing into Africa. This is according to the latest Africa Investment Index 2016 by Quantum Global’s independent research arm, Quantum Global Research Lab published on Wednesday. 

Gas still the answer – Appea

By: Esmarie Swanepoel     20th April 2017 The Australian Petroleum Production and Exploration Association (Appea) has slammed a new report by the Climate Council that claimed more gas production will result in higher electricity prices and pollution. In its report 'Pollution and Price: the Cost of Investing in Gas', the Climate Council... 

Transformation of SA economy non-negotiable – Ramaphosa

By: News24Wire      20th April 2017 The transformation of South Africa's economy is inevitable, Deputy President Cyril Ramaphosa said on Wednesday evening. He was speaking at the Black Business Council dinner under the theme Economic Recovery. 

Ascendant lifts El Mochito mill throughput 17% since Dec buy; sees output rise 41% by Q4

By: Henry Lazenby     19th April 2017 Since acquiring the west-central Honduras-based El Mochito zinc/lead/silver mine about four months ago, Canadian miner Ascendant Resources has leveraged its management team’s experience to immediately turn the operation around, giving it a growth platform generating free cash flow. Once the crown... 

South Africa’s space agency to support key Nepad programmes

By: Keith Campbell     19th April 2017 The South African National Space Agency (Sansa) and Nepad signed a memorandum of understanding (MoU) on Wednesday under which the former will support various programmes of the latter with Earth observation products and services. (Nepad originally stood for New Partnership for Africa’s... 

Johannesburg residents face rates, tariff increases 

By: Megan van Wyngaardt     18th April 2017 The City of Johannesburg will increase its rates and tariffs for 2017/18 by an average of 12.2% for water and sanitation, 2.8% for electricity, 6.1% for refuse removal and 6.2% for property. In a presentation on the city’s Integrated Development Plan for the next five years, Mayor Herman Mashaba... 

Nationalisation of banks is not government policy – Treasury 

By: African News Agency      18th April 2017 National Treasury on Tuesday distanced itself from an opinion piece written by Professor Chris Malikane, an economic adviser to the Minister of Finance Malusi Gigaba, saying that the nationalisation of banks is not government policy. This comes after Malikane, an economics professor at the... 

Saudi Arabia embarks on utility-scale renewable energy projects 

By: Megan van Wyngaardt     18th April 2017 Saudi Arabia is seeking bids for its first utility-scale renewable energy projects, following the launch of the round one request for proposal (RFP) stage by the country’s Energy, Industry and Mineral Resources Minister Khalid Al Falih. The RFP is now live on a 300 MW solar photovoltaic (PV)... 

Tourism supports 1 in 10 jobs

By: News24Wire      18th April 2017 Travel and tourism generated 1 in 10 of the world’s jobs in 2016, according to a new report by the World Travel & Tourism Council (WTTC). WTTC’s Economic Impact Report 2017, which is conducted in conjunction with Oxford Economics, researches the economic impact of travel and tourism on a global... 

Primero closes higher on expected San Dimas restart Tuesday

By: Henry Lazenby     18th April 2017 The TSX-listed stock of precious metals producer Primero Mining on Monday gained as much as 13.5% as investors anticipate a restart of the flagship San Dimas mine, in Mexico. The strike by unionised employees at San Dimas had halted mining and milling operations since February 15. 

Suzuki, Toshiba, Denso to start India lithium-ion battery JV

By: Reuters     17th April 2017 Suzuki Motor, Toshiba and Denso on Friday said they would form a joint venture to produce lithium-ion batteries for automobiles in India, where auto emission regulations are tightening to deal with pollution problems. The three companies said in a joint statement that they would spend a total of... 

Brazil again turning to private sector to undertake key infrastructure projects

By: Keith Campbell     14th April 2017 With the country slowly emerging from its worst recession in decades, with Federal Government spending now frozen, in real terms, by law, for the next 20 years, Brazil is again looking to the private sector to undertake or help undertake key infrastructure projects. Up to the mid-1990s nearly all... 

Kenyan fabricator enters partnership with welding institute

     14th April 2017 The Southern Africa Stainless Steel Development Association (Sassda) facilitated a visit for Kenya-based stainless steel fabricator Desbro Engineering to several South African counterparts, resulting in a training partnership between Desbro and the South African Institute of Welding (SAIW).... 

Codelco awards design contract for eighth phase of Talabre tailings expansion to SNC-Lavalin

By: Henry Lazenby     13th April 2017 TSX-listed engineering and construction group SNC-Lavalin has been awarded a contract by Corporación Nacional del Cobre de Chile (Codelco), one of the largest copper producers in the world, to provide detailed design services for the Talabre tailings expansion Phase VIII project, located in the... 

Salga’s Parks Tau to serve on UN panel

By: Sane Dhlamini     13th April 2017 South African Local Government Association (Salga) president Parks Tau has joined the United Nations (UN) high level independent panel to oversee the effectiveness of UN-Habitat – a programme that promotes socially and environmentally sustainable towns and cities.  His appointment follows the... 

Khobab and Loeriesfontein wind farm projects, South Africa

By: Sheila Barradas     13th April 2017 Construction at the Khobab Wind Farm has begun in earnest with the arrival of various wind turbine components. 

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