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Agarwal wants to build Indian commodity giant to rival majors

By: Bloomberg     25th May 2018 Billionaire industrialist Anil Agarwal plans to leave behind a legacy: an Indian resources group to rival the world’s biggest. The founder and owner of Vedanta Resources wants to keep building the company into a giant producer of the commodities that India needs to curb its reliance on imports,... 

SAAO, DST launch optical telescope that will serve as 'the eye' for the MeerKAT

By: Marleny Arnoldi     25th May 2018 The South African Astronomical Observatory (SAAO) and the Department of Science and Technology (DST) on Friday inaugurated the MeerLICHT optical telescope, in Sutherland, in the Northern Cape, to function as "the eye" of the MeerKAT radio array – the country’s precursor to the Square Kilometre... 

Nautilus unveils spider-inspired sediment sampler

By: Henry Lazenby     25th May 2018 Marine mining pioneer Nautilus Minerals has unveiled a new autonomous sediment sampler called the 'Nautilus Jumping Spider’ for use in sampling deep-sea deposits, that could cut exploration costs “by an order of magnitude”, the company reported on Thursday. Nautilus said it has successfully... 

Altron eyes next phase of growth following turnaround

By: Natasha Odendaal     25th May 2018 After concluding a successful year of repositioning, restructuring and realignment, telecommunications and information technology (ICT) giant Allied Electronics (Altron) is now heading into the 2019 financial year as a group ready to deliver on growth. During the 2018 financial year ended... 

London calling for those skilled in trade remedies

By: Riaan de Lange     25th May 2018 As the UK starts to prepare itself for 22:00 on March 29, 2019 – the time and date when it officially leave the European Union (EU) – it is contemplating taking over a number of EU trade competences, also referred to as trade responsibilities. Arguably the most important of these is 'trade... 

Lost in space?

By: Rebecca Campbell     25th May 2018 Analysts say that the planet Earth’s rapidly-growing space economy could hit $600-billion by 2030 and $1-trillion by 2040. Clearly, the space economy, worth some $350-billion today, is growing rapidly.  

African Open Skies plan putting cart before horse – Nigerian airlines

By: Rebecca Campbell     24th May 2018 Nigerian airlines are not enthusiastic about any rapid implementation of the Single African Air Traffic Market (SAATM). This was made clear at the 27th Annual African Aviation Summit (Air Finance Africa) by national industry association Airline Operators of Nigeria CEO Noggie Meggasin on... 

Nigeria's Bodo community claims win over Shell after latest UK court ruling

By: Reuters     24th May 2018 A British judge ruled on Thursday that Nigeria's Bodo community, which has been involved in a protracted legal battle with Shell over the clean-up of two 2008 oil spills, should retain the option of litigation for another year. Lawyers for Bodo had accused Shell of trying to kill off the legal... 

Shell's oil spill dispute with Nigeria's Bodo villagers back in UK court

By: Reuters     23rd May 2018 Lawyers for the Bodo community in Nigeria's oil-producing Niger Delta, which was devastated by two major oil spills a decade ago, went to court in London on Tuesday to fend off what they said was an attempt by Shell to kill off their litigation. The Bodo oil spills have been the subject of years... 

Peak gets permission for Teesside plant

By: Esmarie Swanepoel     23rd May 2018 Rare earths developer Peak Resources has been granted planning permission for the Teesside refinery, in the UK by the Redcar and Cleveland Borough Council. The planning permission is the approval required for the construction of the planned rare earth separation plant, with the environmental... 

Glencore goes from crisis to crisis with possible bribery probe

By: Bloomberg     21st May 2018 It’s becoming hard to keep track of all of Glencore’s legal battles in the Democratic Republic of Congo. The world’s biggest commodity trader is facing the possibility of a bribery investigation by British prosecutors over its work with Dan Gertler, an Israeli billionaire and close friend of... 

Search on for 2018’s most inspirational women in mining

By: Creamer Media Reporter      21st May 2018 Nominations for this year’s inspirational women in mining have opened. Women in Mining UK’s third edition of ‘Top 100 Global Inspirational Women in Mining’ will showcase the contribution of women in the global mining industry and will seek to debunk a misconception that there is not a pipeline... 

Corobrik sponsors masterclass which demonstrates a vision of an accessible, safe and thriving city

21st May 2018 As part of ArchitectureZA 2018, an urban cultural festival focused on architecture, Corobrik sponsored a masterclass, which was held on Saturday, May 5. Entitled “The 495 CITY”, 26’10 South Architects, with guest speakers Sameep Padora from India and Peter Barber from the UK, explored and... 

Pioneer Foods achieves credible interim performance

By: Simone Liedtke     21st May 2018 JSE-listed Pioneer Foods achieved a credible performance for the six months ended March 31, with total sales volumes up 4% year-on-year and revenue up 3% year-on-year to R9.9-billion. Mainly as a result of volume growth and the normalisation of the maize procurement position, the company’s gross... 

Glencore said to face UK bribery probe over Congo dealings

By: Bloomberg     18th May 2018 The UK’s white-collar crime prosecutor is preparing to open a formal bribery investigation into Glencore and its work with Israeli billionaire Dan Gertler and the leader of Democratic Republic of Congo (DRC), according to two people with knowledge of the matter. Investigators at the Serious Fraud... 

On-The-Air (18/05/2018) 

By: Martin Creamer     18th May 2018 The lives of hundreds of thousands of people will be impacted negatively if Lonmin Platinum is forced to close; urgent action is needed to save the company. The short spell of mining hope that South Africa experienced earlier this year have been dashed, Shadow Minerals Minister James Lorimer told... 

You get nothing!

By: Riaan de Lange     18th May 2018 "You lose! Good day, sir!" The headline and the opening sentence are attributable to Willy Wonka, taken from the title role of the 1971 film, Willy Wonka and the Chocolate Factory. You might well be more familiar with the book Charlie and the Chocolate Factory. Towards the end of the film,... 

UK airline to launch direct Durban–London air link

By: Rebecca Campbell     18th May 2018 The Dube TradePort Special Economic Zone has announced that the UK’s flag carrier airline, British Airways (BA), is to introduce a direct route between London’s Heathrow Airport and Durban’s King Shaka International Airport. The new service will commence on October 29. (King Shaka is located... 

Hydrogen Epoch of Reionisation Array project, South Africa

By: Sheila Barradas     18th May 2018 The telescope is creating a favourable impression for the way it has involved the local community and boosted the local economy.  

Eskom continuing with nuclear plans pending IRP update

By: Kim Cloete     17th May 2018 Eskom is going ahead with tentative plans for new nuclear capacity amid uncertainty about whether the technology will be included in the updated Integrated Resource Plan (IRP), which government has indicated will be released for public comment soon. Eskom acting general manager for nuclear new... 

Rik Rhino 

17th May 2018 South African technical security and surveillance solutions specialist Rik Rhino Surveillance was started in 2011 to help eradicate the terror of rhino poaching by supplying anti-rhino poaching projects in wildlife reserves with scouting trail cameras. These cameras are equipped with motion... 

Santova achieves 13.5% organic profit growth in line with strategic focus

By: Schalk Burger     16th May 2018 JSE-listed logistics company Santova grew its profit by 13.5% to R71.3-million for the financial year ended February 28, from R62.8-million in 2017, with the performance of the group having been “purely organic,” the company said on Wednesday. This is the result of a strategic choice focused... 

India's Tata Steel posts Q4 profit

By: Reuters     16th May 2018 Tata Steel on Wednesday posted a net profit of 146.88-billion rupees ($2.17-billion) for the quarter ended March 31, aided by a one-time gain. The Indian steelmaker saw an exceptional gain of 113.76-billion rupees in the quarter, which included a gain from the restructuring of its UK pension scheme. 

Mind the gap: Can subway and landmine technologies save South African platinum?

By: Reuters     16th May 2018 Technologies used to carve subways and clear landmines are being retooled to mechanise South Africa's platinum mines, where an unforgiving geology has stymied such efforts at a huge cost. The technologies may make new mines profitable and could provide a lifeline for some loss-making shafts in a... 

Mondi Q1 performance strong despite maintenance shutdowns, challenging trading conditions

By: Marleny Arnoldi     16th May 2018 Paper and packaging multinational Mondi achieved an underlying profit of €295-million for the first quarter ended March 31 – a 15% improvement on the underlying profit of €256-million reported for the first quarter of 2017 and a 6% improvement on the €279-million reported for the fourth quarter... 

Bloodhound project revises dates for first runs in South Africa

By: Irma Venter     16th May 2018 The UK team attempting to break the world landspeed record has announced a revised timeline for the project. It has been the expectation that the Bloodhound supersonic car would travel to South Africa, where the record attempt will take place, later this year. 

South Africa issues $2bn bonds in global markets – National Treasury

By: African News Agency      16th May 2018 South Africa on Tuesday successfully placed $2 billion in notes maturing in 2030 and 2048 in the international capital markets, the National Treasury said on Wednesday. The Treasury said the total issuance consisted of $1.4 billion on the 12-year tranche and $600-million on the 30-year paper. The... 

Reserve Bank approves Sibanye's buyout of Lonmin

By: Creamer Media Reporter      15th May 2018 The South African Reserve Bank (SARB) has approved Sibanye-Stillwater's proposed acquisition of Lonmin. Lonmin CEO Ben Magara on Tuesday said the company was pleased that the SARB had approved the transaction. 

Refocused enX delivers pleasing half-year results; well-positioned for future growth

15th May 2018   Revenue increases to R3.6bn from R2.4bn EBIT improves to R354.4m from R257.1m Profit before tax grows to R182.7m from R175.2m Balance sheet strengthened, and debt maturity profile extended Group well positioned for future growth Diversified JSE-listed industrial group enX today announced... 

Britain's competition watchdog to look into Sibanye-Lonmin deal

By: Reuters     15th May 2018 Britain's Competition and Markets Authority (CMA) said on Tuesday it would examine whether a takeover of miner Lonmin by South Africa's Sibanye-Stillwater would reduce competition. The £285-million ($386-million) deal, which would create the world's No.2 platinum producer, faces several hurdles... 

Botswana President eyes jobs in new 'marriage' with De Beers

By: Bloomberg     15th May 2018 Botswana’s President, Mokgweetsi Masisi, wants a new long-term diamond-sales pact with De Beers when the current ten-year deal expires in 2020 and for more gems to be processed locally. The conclusion of an accord is crucial for both Botswana, which relies on diamonds for almost a fifth of its... 

Russian billionaires take boardroom battle to London High Court

By: Reuters     15th May 2018 Russia tycoon Oleg Deripaska gave evidence in the London High Court on Monday in a case challenging the sale of shares in Norilsk Nickel (Nornickel) by soccer club owner Roman Abramovich. Deripaska, making his first public appearance since being made a target of US sanctions, wants to stop... 

enX subsidiaries post satisfactory performance in six months to February 28

By: Simone Liedtke     14th May 2018 Diversified industrial group enX’s Eqstra Industrial Equipment (EIE) and Eqstra Fleet Management and Logistics (EFML) operations performed satisfactorily in the six months to February 28, enX reported on Monday. Group revenue for the six-month period ended February 28, increased to R3.6-billion,... 

Consolidation needed to save jobs – Lonmin 

By: Martin Creamer     14th May 2018 Ben Magara, the CEO of embattled mining company Lonmin, on Monday made an impassioned plea for authorities to approve the company’s consolidation plans with Sibanye-Stillwater as soon as possible, as these will generate R1.5-billion in synergies and save 20 000 vitally needed jobs. The 32... 

Routed deploys multi-tenant open access cloud business in three months

14th May 2018 When Routed, a neutral cloud provider, looked to develop the backbone of its cloud business, the company turned to VMware and its vCloud Director to help build a multi-tenancy environment that could provide its customers access to a high performance, highly available cloud infrastructure that... 

Strongbow expects to start trading on Aim next month

By: Mariaan Webb     14th May 2018 Vancouver-based Strongbow Exploration has applied for a listing on London’s Aim exchange, which it hopes will help it to raise £25-million in the next 18 months to progress the South Crofty mine, in Cornwall, to a production decision. The owner of the South Crofty underground project near Pool... 

Fasken chosen as Global Mining Law Firm of the Year by Who’s Who Legal

14th May 2018 For the tenth time, Fasken has been recognized as the world’s top Global Mining Law Firm of the Year by Who’s Who Legal for 2018, which is also the Firm’s fourth consecutive win. It is an incredible accomplishment, since the Firm has won more than any other law firm in the world, solidifying it... 

Kolosa Madikizela

11th May 2018 This week we profile Kolosa Madikizela, unit leader: built environment at professional consulting firm Aurecon   

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