R/€ = 16.57 Change: -0.19
R/$ = 14.46 Change: -0.22
Au 1226.01 $/oz Change: 3.52
Pt 827.50 $/oz Change: -10.74


Liquid eyes further expansion as Cape to Cairo links up

By: Natasha Odendaal     18th October 2018 Pan-African telecommunications group Liquid Telecom is eyeing further expansion across the African continent after completing its Phase 1 decade-long project of connecting a 60 000 km network from Cape Town, South Africa, to Cairo, Egypt. The group on Thursday reported that, following the... 

Vast Resources, Botswana Diamonds receive preliminary geological assessment on Marange JV

By: Simone Liedtke     17th October 2018 Aim-listed Vast Resources, together with Botswana Diamonds (BOD), have received an independent competent person’s preliminary geological assessment relating to the Heritage concession within the Marange diamond fields of Zimbabwe, in which specific exploration recommendations were made. As... 

South African company building new smelter in Zimbabwe

By: Victor Moolman     17th October 2018 Foundry and engineering company Thos Begbie is working in the Great Dyke of Zimbabwe, close to the town of Shurungwi, where it is helping to construct the Unki platinum smelter, adjacent to a mining operation owned by platinum mining company Anglo American Platinum (Amplats). Thos Begbie was... 

Vast targeting initial Baita Plai production in H1

By: Creamer Media Reporter      16th October 2018 Aim-listed Vast Resources is moving to deploy a team of people at the Baita Plai mine to start the implementation of the restart programme, following the granting of an association licence. The Romanian government has formally approved the association licence to Vast subsidiary African... 

Southern African airlines face losses and slow growth, says industry association 

By: Rebecca Campbell     12th October 2018 The Airlines Association of Southern Africa (AASA) has forecast that airlines in the Southern African Development Community (SADC) region will suffer total losses of $300-million for this year. This would be in sharp contrast to the expected total profit of $33.8-billion for the global airline... 

Initiated by Schneider Electric, New Pan-African and Non-profit Data Center Professional Association ADCA, launched at Datacloud in Marrakech

11th October 2018 The new association encompasses 60 members to date including 30 data center operators committed to boosting the African digital economy The President is Fatoumata Sarr Dieng, Director of Wholesales at Sonatel, Orange Schneider Electric chairs as Vice President 

Caledonia lowers 2018 production guidance, but remains on track with 2021 production target

By: Marleny Arnoldi     11th October 2018 NYSE-, Aim- and TSX-listed Caledonia Mining produced 13 978 oz gold from its Blanket mine, in Zimbabwe, during the quarter ended September 30. This is 10% above the output achieved in the second quarter but 3% below that of the third quarter of 2017.  

IMF warns African countries against spiraling levels of public debt

By: African News Agency      11th October 2018 The International Monetary Fund (IMF) on Wednesday warned African countries that their increasing indebtedness and failure to service their public debts was creating poverty for its citizens. Montfort Mlachila, senior resident representative for IMF in South Africa, said that countries like... 

Dollar shortage 'short-term problem' for miners in Zimbabwe – Minister

By: Reuters     10th October 2018 A dollar shortage that has sparked outrage from mining companies operating in Zimbabwe is a "short-term problem" that will be remedied by a stronger economy, the mines minister told Reuters. Zimbabwe is suffering acute shortages of US dollars, deterring foreign capital from helping the ailing... 

RioZim to sue central bank over dollar payments

By: Reuters     9th October 2018 Zimbabwe's gold miner RioZim on Tuesday said it would take legal action to force the central bank to pay it in US dollars for part of its output, signalling impatience by mining companies over acute dollar shortages afflicting the economy. The shortages have worsened since 2016 and are the... 

Tharisa on track to meet 2020 targets after record FY18 production

By: Marleny Arnoldi     8th October 2018 The financial year ended September 30 bode well for JSE- and LSE-listed platinum group metals (PGMs) and chrome miner Tharisa Minerals, with record production from its Tharisa mine, in South Africa’s Bushveld Complex, record high recovery rates and a best-in-class safety accolade. “The... 

Science fair affords students learnerships, prizes to promote science skills development

By: Marleny Arnoldi     5th October 2018 During the Eskom Expo International Science Fair, which was held from October 3 to 5, the Eskom Senior Grand Prize was awarded to a Curro Klerksdorp Grade 12 learner Aqil Variava, who developed the “pollution index” – a tool to investigate water quality. He won a R75 000 cash prize.  

Botswana Diamonds agrees development of concessions in the Marange Diamond Fields of Zimbabwe with Vast Resources plc

4th October 2018 Botswana Diamonds, (‘BOD’) the AIM and BSE listed explorer, is pleased to announce that it has concluded an agreement with Vast Resources plc (‘Vast’) the AIM listed mining and resource development company, for the development of their concessions in the prolific Marange Diamond Fields (‘MDF’) of... 

Botswana Diamonds, Vast firm up Marange concession development partnership

By: Tasneem Bulbulia     4th October 2018 Explorer Botswana Diamonds has concluded an agreement with mining and resource development company Vast Resources for the development of its concessions in the prolific Marange Diamond Fields (MDF) of eastern Zimbabwe.  A separate agreement will cover the joint development of diamond properties... 

Zimplats held up as mine safety benchmark at Joburg Indaba

By: Martin Creamer     4th October 2018 Zimplats platinum mine in Zimbabwe was held up as a safety benchmark at the Joburg Indaba, which on Thursday observed a minute’s silence for mining colleagues fatally injured at work. Opening the second day of the well-attended event, Gold Fields, Kumba Iron Ore and AfriTin director Terence... 

Technical study sets RHA underground mine restart costs at $1.06m

By: Creamer Media Reporter      3rd October 2018 It will cost about $1.06-million to bring Aim-listed Premier African Minerals’ 49%-owned RHA underground tungsten mine, in Zimbabwe, back into production. The mine was put under care and maintenance late in 2017 amid cash flow constraints. 

Caledonia Mining declares quarterly dividend

By: Simone Liedtke     2nd October 2018 Exploration and development company Caledonia Mining has declared a quarterly dividend of $0.06875 a share. Additionally, it is expected that the current dividend of $0.27 yearly, paid in equal quarterly instalments, will be maintained, the company said on Tuesday. 

Hwange Colliery narrows interim loss, signs of recovery shown

By: Tasneem Bulbulia     28th September 2018 Hwange Colliery Company has narrowed its loss for the six months ended June 30 to $23-million, compared with a loss of $24.5-million reported for the six months to June 30, 2017. Despite the loss position, the financial results indicate signs of recovery. 

Post-Mugabe policies raising expectations for Zim platinum-sector growth

By: Nadine James     28th September 2018 Amid Zimbabwe’s policy changes after former President Robert Mugabe’s removal in November 2017 and the subsequent air of expectation, the country’s platinum sector is poised for positive growth, if not for the challenges presented by the depressed global platinum market.  The Zimbabwe Geological... 

Flicker of hope in Zimbabwe?

By: Martin Zhuwakinyu     28th September 2018 The main opposition party across the Limpopo insists that “we wuz robbed” in the July 30 elections that returned Zanu-PF to power and gave Emmerson Mnangagwa, who had been caretaker President since the November 2017 ouster of Robert Mugabe, a fresh, five-year mandate. Not even a Constitutional... 

Infrastructure Africa 2018 to Highlight Opportunities for Stakeholders in Zimbabwe Infrastructure Development Sector

By: Creamer Media Reporter      21st September 2018 The Infrastructure Africa event of 2018 is expected to assemble 350 infrastructure business leaders and investors who are planning to revolutionise the future of the African infrastructure development landscape. The conference will host a Zimbabwean Ministerial and private sector panel to unpack... 

Company eyes expansion into Africa

By: Evert Wasserman     21st September 2018 Owing to its ability to adhere to State-owned power utility Eskom’s stringent electrification infrastructure requirements, electrical solutions and engineering provider Gridbow has expanded its services into other African countries. “Contrary to popular belief, Eskom has very stringent rules with... 

Culture imperative in facilitating safe workplaces

21st September 2018 Creating a safe working environment is a complex issue and requires a concerted effort by all stakeholders over a sustained period of time, posits cement, lime and related products supplier PPC technical and lime executive Hardie de Beer. “It is this understanding that is at the core of PPC’s... 

Resources Watch  

20th September 2018 Implats has strong new collaboration with governments of South Africa, Zimbabwe And, Afrox achieves double-digit HEPS growth amid subdued economic environment 

Metallon may pay suppliers in gold amid Zimbabwe cash shortage

By: Bloomberg     18th September 2018 Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output, Chief Executive Officer Mzi Khumalo said. Zimbabwe, which abandoned its own currency in 2009 because of hyperinflation, has faced cash shortages for... 

Engen operations in nine African countries transfer to Vivo Energy in March 2019

By: Marleny Arnoldi     18th September 2018 Oil company Engen Holdings’ operations in nine sub-Saharan African countries will be transferred to JSE-listed downstream petroleum company Vivo Energy on March 1, 2019. The $203.9-million transaction will see Vivo’s retail service station network expand from 15 to 23 countries in Africa,... 

Premier’s shares fall as it fails to secure DFS funding from Cadence Minerals

By: Marleny Arnoldi     17th September 2018 Aim-listed Premier African Minerals’ share price on the LSE fell by more than 23% on Monday after it announced it had been unable to reach final terms with UK-based mining investment firm Cadence Minerals to fully fund a definitive feasibility study (DFS) for the Zulu lithium and tantalum... 

Wacker Neuson makes its mark in Zimbabwe with appointment of new dealer - Pelgin Consulting Services

14th September 2018 Expanding its dealer network past the South African border, Wacker Neuson, a global leading manufacturer of light and compact equipment, appointed family-owned Pelgin Consulting Services (Pvt) Ltd. as its official dealer in Zimbabwe on 28 August 2018 during an opening celebration held in Harare.... 

On-The-Air (14/09/2018) 

By: Martin Creamer     14th September 2018 South African mining companies are entering an exciting new era of close collaboration with the governments of South Africa and Zimbabwe; Gold mining, which was once the darling of the investor community, are now battling to raise even low levels of capital; and Australia is proving to the world... 

Strong new collaboration with governments of South Africa, Zimbabwe – Implats 

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats), which is collaborating closely with the South African government to preserve jobs at the heavily lossmaking Impala Rustenburg operation, is also working in very close cooperation with the government of Zimbabwe, where it has secured major tax... 

Implats reports after-tax loss on impairments

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats) on Thursday reported improved gross profit of R1.6-billion but an after-tax loss on impairments. Impairments of R13.6-billion, mainly due to the restructuring of Impala Rustenburg, resulted in an after-tax loss of R10.8-billion. 

VIPs attending Infrastructure Africa attest to big infrastructure opportunities on the continent

By: Creamer Media Reporter      12th September 2018 Infrastructure Africa is bringing together global and regional infrastructure leaders and experts to attend the 7th annual event, kicking off in Sandton Convention Centre, Johannesburg on the 9 -10th October 2018. Africa’s premier infrastructure event continues to grow its line-up of stellar... 

Johnson Crane Hire Rolls Out Its Own ‘Big Five’

10th September 2018 Customers of Africa’s lifting leader Johnson Crane Hire were recently treated to an impressive display of a selection of the company’s lifting equipment at an open day where its heavy lift fleet was likened to the ‘big five’ of the wild. “Johnson Crane Hire is a home grown South African business,... 

Eureka gold mine to restart production in H1 2019

By: Simone Liedtke     7th September 2018 Aim-listed Vast Resources hopes to restart production at the Zimbabwe-based Eureka gold mine, in which the company’s 25%-owned Dallaglio Investments holds a 95% interest, in the first half of 2019. Multiple work programmes are currently being undertaken at Eureka to restore the mine to... 

Tongaat Hulett appoints interim CEO

By: Simone Liedtke     7th September 2018 Sydney Mtsambiwa has been appointed as the interim CEO of JSE-listed agriculture and agroprocessing group Tongaat Hulett, with effect from November 1, following the retirement of long-serving CEO Peter Staude. Mtsambiwa will serve as the interim CEO until the board has finalised the appointment... 

SA is not actually in a recession – economist

By: News24Wire      7th September 2018 South Africa is not in a recession, despite the latest gross domestic product (GDP) figures released by Statistics South Africa, economist Roelof Botha said on Thursday. South Africa slipped into what is generally considered a technical recession - defined as two successive quarters of negative... 

2018 platinum demand and supply seen contracting – WPIC

By: Nadine James     6th September 2018 Global platinum demand and supply will contract by 2% in 2018, the World Platinum Investment Council (WPIC) said in its latest Platinum Quarterly report on Thursday. Platinum supply is forecast to slip from 8.06-million ounces in 2017 to 7.91-million ounces in 2018, as most mining regions are... 

Dinosaurs dominate South African Mint’s 2018 Natura Palaeontology Collection

By: Simone Liedtke     3rd September 2018 The South African Mint on Monday unveiled the five-coin Palaeontology Collection in 24 ct gold. The collection brings to life the ‘archosauria’, which comprise crocodiles, pterosaurs, dinosaurs and birds or the ruling reptiles that roamed and soared freely in Southern Africa about 200-million... 

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