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York Timbers lifts FY18 Ebitda by 12%

By: Simone Liedtke     Updated 6 hours ago Despite challenging market conditions, integrated forestry company York Timbers increased its earnings before interest, taxes, depreciation and amortisation (Ebitda) and core earnings by 12% and 59%, respectively, for the full year ended June 30. The company on Tuesday pointed out that the Ebitda... 

Johnson Controls supply second round of York chillers for Implats’ No 16 Shaft

13th September 2018 Johnson Controls has supplied two York YK centrifugal chillers to Impala Platinum (Implats) for the planned second phase expansion of cooling capacity for its No. 16 Shaft as it heads toward a depth of 1 650 m. The chillers will be installed by the end of August 2018 and the start-up of the... 

Metallica and Melior merger creates diversified Qld mining firm

By: Mariaan Webb     13th September 2018 Brisbane-based resources firms Metallica Minerals and Melior Resources on Thursday announced a binding merger agreement, creating a diversified Queensland mining company with near-term production potential and a pipeline of future growth opportunities. The merger will combine mineral sands and... 

AngloGold moves to avoid 2 000 job losses in South Africa region

By: Martin Creamer     20th August 2018 The once overwhelmingly dominant South Africa segment of gold mining company AngloGold Ashanti has been reduced to a mere loss-making shadow of its former self. In the six months to June 30, South Africa produced a mere 10% of the company’s gold unprofitably. 

Excitement as ‘Wits-style’ gold is discovered in iron-ore hub, but geologist urges caution

By: Nadine James     13th April 2018 While there is no doubt that conglomerate gold has been discovered in the Pilbara, the broader understanding of this style of gold mineralisation in the Pilbara remains incomplete and, therefore, any comparisons with the Witwatersrand (Wits) basin are premature, states SRK Consulting geologist... 

New chillers and heat pumps with improved performance

23rd March 2018 The newly launched York Amichi series of chillers and heat pumps in the South African market meets growing demand in the chiller and heap pump mid-capacity segment with its improved performance, says global diversified technology company Johnson Controls Africa GM Neil Cameron. He points out that... 

Industry blames red tape, 'policy surprises' for Australia's fall in mining survey

By: Creamer Media Reporter      23rd February 2018 Western Australia, South Australia, Queensland, the Northern Territory and Victoria fell in mineral investment attractiveness, according to the Fraser Institute’s ‘Annual Survey of Mining Companies for 2017’. Western Australia fell for the third year dropping from first in 2015 to third in 2016... 

Rio Tinto employs nearly 600 indigenous people in Cape York

By: Creamer Media Reporter      25th January 2018 Diversified mining group Rio Tinto is delivering on its commitments to provide employment to locals at its Cape York bauxite sites, in Australia’s far north. The Queensland Resources Council (QRC) reported on Thursday that Rio Tinto’s indigenous workforce had reached 574 across the bauxite sites,... 

More than 100 jobs on offer at Rio Tinto’s Weipa mines

By: Creamer Media Reporter      12th December 2017 Diversified miner Rio Tinto has launched a recruitment drive for more than 100 new roles at its bauxite mines on the western Cape York Peninsula in Queensland. The opportunities are available across Rio Tinto’s operations at Weipa including existing mines at Andoom and East Weipa and the new... 

Kairos finds funding for Pilbara gold project

By: Esmarie Swanepoel     25th October 2017 Diversified explorer Kairos Minerals on Wednesday announced a A$7-million share placement to sophisticated and professional investors to fund exploration at its Pilbara gold project, in Western Australia. Some 127.2-million new shares will be issued at a price of 5.5c each, along with one free... 

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... 

York's FY results negatively affected by raw material supply challenges

By: Anine Kilian     26th September 2017 Slow economic growth and a lack of confidence in the construction sector resulted in lower sales volumes in most of JSE-listed York Timbers’ product categories for the financial year ended June 30. The company’s financial performance was further impacted on by raw material supply challenges. 

Queensland grants Metro leases for Bauxite Hills mine development

By: Esmarie Swanepoel     29th August 2017 The Queensland government has granted ASX-listed Metro Mining three mining leases over its Bauxite Hills mine. Minister for State Development and Natural Resources and Mines Dr Anthony Lynham said the granted leases were critical for the A$35.8-million bauxite mine project to proceed into... 

Metro completes A$38m bookbuid

By: Esmarie Swanepoel     19th July 2017 Bauxite developer Metro Mining has successfully raised A$38-million to advance its Bauxite Hills project, in Queensland, after successfully completing an institutional placement book build. The company on Wednesday said that the institutional placement, which had been priced at 13.5c a share,... 

A long, relaxed look at wind farms

By: Terry Mackenzie-hoy     30th June 2017 About two years ago, I was travelling on a train from London to York. On the way I passed the Drax power station. Drax was built to fire coal but at the time it was burning imported wood chips, which, by some logic of a green fanatic, was better for the planet than burning coal. The fact that... 

Queensland coal mining jobs growing again

By: Esmarie Swanepoel     23rd May 2017 Stronger commodity prices have resulted in an increase in the number of jobs in the coal exploration sector, with new data from the Queensland government revealing that employment in the sector had grown by more than 3 000 in the six months to November. “Coal mining jobs are up 9% to 22 000 and... 

Rio awards A$900m in contracts as Amrun mine development progresses

By: Esmarie Swanepoel     24th March 2017 Production and shipping from the Amrun bauxite mine, in Queensland, is on track to start in the first half of 2019, with mining major Rio Tinto this week announcing the award of more than A$900-million of contracts to Queensland suppliers. Queensland Premier Annastacia Palaszczuk said Rio’s... 

York H1 profit dips as revenue rises

By: Natasha Odendaal     16th March 2017 JSE-listed York Timbers on Thursday posted lower earnings for the six-month period to December 31. Headline earnings a share and earnings a share declined from 11c in the comparable prior period to 10c in the six months under review, while profit for the period was down from the R35.4-million... 

Andre Nel – GreenTower

7th March 2017 GCIP-SA alumnus Andre Nel with GreenTower, a solar energy micro-grid boiler, was one of 16 of the continent’s most promising entrepreneurs who were shortlisted for the 2016/2017 Africa Prize for Engineering Innovation of the Royal Academy of Engineering. Launched in 2014, the Prize aims to... 

Condition-based maintenance – new approaches to extend the life of HVAC equipment

19th January 2017 HVAC is a long-term investment: chillers are big-ticket items that are meant to last the lifetime of a building – about 25-30 years – in fact a recent demolition of one of the first four star hotels in Dubai led to the retirement of three YORK® YT Chillers after nearly 34 years of service. These... 

Rio starts work on new bauxite mine

By: Esmarie Swanepoel     19th January 2017 Diversified giant Rio Tinto has awarded a A$70-million bulk earthworks contract to Queensland-based civil engineering firm QBrit for work at its A$2.6-billion Amrun bauxite project, in Cape York. The project will produce at an initial rate of 22.8-million tonnes a year, with the option to expand... 

York Timbers appoints interim chairperson

By: Megan van Wyngaardt     16th January 2017 JSE-listed wood manufacturer York Timbers on Monday appointed Dinga Mncube as acting chairperson, with immediate effect. He takes over the reins from Dr Jim Myers, who has undergone an operation and will be recovering. 

Kairos drilling programme shows encouraging results

By: Megan van Wyngaardt     19th December 2016 A maiden gold-focused drilling programme at ASX-listed Kairos Minerals’ 100%-owned Mt York lithium-gold project, in the Pilgangoora district of the Pilbara region of Western Australia, has been completed for an aggregate of 5 242 m of drilling. The company estimates that it currently has around... 

Metro partners up in Myanmar

By: Esmarie Swanepoel     8th December 2016 ASX-listed Metro Mining has signed a farm-in agreement with PanAust over its Mahar San exploration project, in Myanmar. Under the agreement PanAust will have the exclusive option to explore the project for one year, in exchange for funding all operating costs, including an agreed drilling... 

Metro gains majority stake in Gulf Alumina, rival bid falls by the wayside

By: Esmarie Swanepoel     5th December 2016 ASX-listed Metro Mining has declared its takeover offer for Gulf Alumina unconditional, after shareholders representing some 57.3% of the company’s issued capital accepted its offer. Metro initially offered Gulf shareholders a choice between 60c in cash a share, or a cash and shares alternative... 

Clock ticking for Moly to match offer for Gulf

By: Esmarie Swanepoel     2nd November 2016 ASX-listed Moly Mines has five days in which to match a takeover offer from fellow-listed Metro Mining for Gulf Alumina, after the latter determined Metro’s offer to be a superior proposal. Moly Mines in September launched a combination of A$0.46 in cash and 1.4 options for each Gulf share held,... 

Urquhart free of EIS

By: Esmarie Swanepoel     25th October 2016 The Queensland government has told ASX-listed Metallica Minerals that it will not require an environmental-impact statement (EIS) for its Urquhart bauxite project. The determination by the Department of Environment and Heritage Protection follows an earlier determination from the federal... 

Metro rivals Moly with cash and share offer for Gulf Alumina

By: Esmarie Swanepoel     25th October 2016 ASX-listed Metro Mining will launch another takeover offer for Gulf Alumina to rival a takeover offer from fellow-listed Moly Mines. Metro, which already holds a 39% stake in Gulf Alumina, has previously said some of the conditions attached to the Moly Mines offer would be difficult to satisfy. 

George and Wilderness road rehabilitation project, South Africa

By: Sheila Barradas     21st October 2016 The project involves the resealing, rehabilitation and structural maintenance of 20 km of road in George and Wilderness. 

Johnson Controls introduces YORK YVWA and YMC2 chillers - unique solutions for customers investing in low-GWP refrigerants

20th October 2016 As part of its long-term refrigerant roadmap, Johnson Controls has announced two platforms of high efficiency chillers available with low GWP (global warming potential) options.   Building on the industry renowned legacy of its product line, Johnson Controls has extended its portfolio of YORK... 

York lifts FY Ebitda by 22%

By: Anine Kilian     28th September 2016 By opening up new market channels, strengthening its wholesale division and focusing on service delivery to its existing client base, JSE-listed York Timbers has achieved a 22% year-on-year increase in earnings before interest, taxes, depreciation and amortisation (Ebitda). Ebitda increased from... 

Metro responds to Moly Mines offer

By: Esmarie Swanepoel     23rd September 2016 ASX-listed Metro Mining has responded to fellow-listed Moly Mines’ offer for Gulf Alumina, in which Metro holds a 39% interest, saying that some of the conditions of the transaction will be difficult to satisfy. Metro pointed out on Friday that Moly Mines is a controlled subsidiary of the... 

Year-on-year 6% growth for local RLC segment

By: Sebastian Whyle     16th September 2016 The local residential and light commercial (RLC) segment of the heating, ventilation, and air-conditioning (HVAC) sector showed 6% year-on-year growth, says batteries, electronics, and HVAC equipment provider Johnson Controls GM Neil Cameron.  

YORK chiller combination with smart COP technology from Johnson Controls saves leading tech firm millions

12th July 2016 Johnson Controls has installed two YORK chillers at the South African offices of a leading multinational tech company. The combination of a water-cooled and heat-pump chiller will meet the needs of the company’s 600+ people in their almost 10,000m2 facility in Johannesburg, and provide... 

Four YORK chillers earns SABC R7.9 million in energy savings per annum

6th July 2016 SABC Auckland Park has replaced its six 40-year-old chillers with four new YORK chillers from Johnson Controls.  The R8.5 million investment in new Chillers is part of a central plant upgrade project that delivers a more efficient cooling solution, offers improved controls and will provide the... 

Kairos expands, refines lithium portfolio

By: Anine Kilian     4th July 2016 ASX-listed Kairos Minerals has expanded and refined its lithium portfolio in the Pilbara region of Western Australia. It has secured three new prospective lithium exploration projects – the 182.4 km2 Croydon, the 383.7km2 Southern Pride and the 108.9 km2 Taipan projects – to complement its... 

Metallica completes sale of Boyne limestone project

By: Samantha Herbst     27th June 2016 ASX-listed bauxite developer Metallica Minerals has completed the sale of its noncore Boyne limestone project, near Gladstone, Queensland, after a private group paid the agreed balance of $900 000. The private purchaser sought to acquire the two granted mining leases that formed the Boyne project... 

Metallica gets green light to move forward with Urquhart sans EIS

By: Samantha Herbst     24th June 2016 The Commonwealth Department of the Environment has determined that ASX-listed Metallica Minerals’ Urquhart bauxite project, in north Queensland, does not require an environmental impact assessment (EIS), as the impact of the project is considered minimal. “This major milestone confirms that the... 

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