R/€ = 14.56 Change: 0.02
R/$ = 12.44 Change: 0.07
Au 1297.02 $/oz Change: -6.72
Pt 904.50 $/oz Change: -6.36


Miners halt dividend payouts, stay-in-business capex as price languishes in the doldrums

By: Natasha Odendaal     25th May 2018 The once burgeoning platinum industry that in the recent past benefited from a years-long upswing in commodity demand and prices is now failing to recover from the global economic depression that heralded the end of its glory days and shut many smaller operators down. In the wake of the 2008... 

Africa Day – 55 years on

By: Martin Zhuwakinyu     25th May 2018 As you read this piece, I am probably putting together the next instalment or doing whatever else my job description demands I should be doing each weekday. But colleagues in countries such as Ghana, Lesotho, Mali, Namibia, Zambia and Zimbabwe are probably braai-ing in their backyards or engaging... 

ELB Continues To Provide Know How Solutions To Multiple Sectors

24th May 2018 ELB announces the award of Debmarine-M.V. Grand Banks and completes Assmang’s Black Rock Projects, the Sack Tipping Unit for Unilever Nigeria and Colleen Bawn Clinker Loading in Zimbabwe ELB Engineering Services (ELB) is pleased to announce that it has been awarded the drying system for the M.V.... 

Cesa to advance ethical leadership strategy

By: Marleny Arnoldi     22nd May 2018 At industry organisation Consulting Engineers South Africa’s (Cesa’s) yearly presidential breakfast, on Tuesday, president Naresh Pather discussed the organisation’s strategy for this year under the theme “the future is now”, which is aimed at harnessing effective ethical leadership to address... 

Land reform unlikely to mean constitutional change – analysts

By: Reuters     22nd May 2018 South Africa looks likely to implement land redistribution under existing laws rather than by changing the constitution following a ruling party summit, in an approach more palatable to investors, analysts said on Tuesday. President Cyril Ramaphosa, who came to power in February when former... 

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... 

VVIP presidential jet still an option even though defence's budget is cut by billions

By: News24Wire      18th May 2018 Despite a budget cut amounting to billions, the purchase of a VVIP presidential jet by the South African Defence Force is not off the table. In her speech in the debate about the South African Defence Force budget on Friday, Defence Minister Nosiviwe Mapisa-Nqakula said:  "I must now report to... 

Zimbabwe mines need $11bn investment to modernise

By: Reuters     18th May 2018 Zimbabwe needs up to $11-billion to modernise its mines and boost production to maximum capacity over the next five years, the head of the country's Chamber of Mines said on Friday. Foreign investor interest in the southern African nation is growing after the fall of longtime leader Robert Mugabe... 

Zimbabwe lithium excites but projects face funding hurdle

By: Reuters     18th May 2018 Zimbabwe has a small window of up to 24 months to start producing battery grade lithium and ride the wave of high prices, miners said on Thursday, but the country's high political risk made financing projects difficult. Since the fall of Robert Mugabe after a de facto military coup last November,... 

Jared Higgins

18th May 2018 This week we feature Jared Higgins, CEO of Secure Drive, a company that provides security transport services, protection services and risk consulting   

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,... 

Copper industry in crisis, new areas pursued

By: Jessica Oosthuizen     17th May 2018 The global copper industry is in crisis – traditional orebodies are becoming depleted and the commodity market has depressed the price of copper to such an extent that mining companies cannot afford to invest in expansion or new equipment, says foundry and engineering company Thos Begbie group... 

Fuchs Lubricant opens new grease manufacturing plant in Gauteng

By: Marleny Arnoldi     16th May 2018 Lubricants specialist Fuchs Lubricants South Africa (Fuchs SA), together with its parent company Fuchs Petrolub, on Wednesday launched a R125-million grease manufacturing plant at its factory, in Isando, Gauteng. The plant will allow Fuchs to manufacture specialty greases for the local market, as... 

Tharisa on track to achieve Vision 2020 strategy; acquires Zim chrome asset

By: Simone Liedtke     16th May 2018 Integrated resource group Tharisa CFO Michael Jones says the company’s Vision 2020 strategy, which is aimed at increasing production to 200 000 oz of platinum-group metals (PGMs) and two-million tonnes of chrome concentrates by year-end 2020, is well on track. Tharisa, which on Wednesday... 

Arcadia on track or first production in 2019

By: Esmarie Swanepoel     16th May 2018 The Arcadia lithium project, in Zimbabwe, is on track to start production in the second quarter of 2019, with developer Prospect Resources appointing engineering firm DRA to provide engineering services and upfront design for the project. Prospect said on Wednesday that certain long lead items... 

Sinosteel to invest $1bn in Zimbabwe, lift ferrochrome output

By: Reuters     15th May 2018 China's Sinosteel Corporation has agreed to invest $1-billion in Zimbabwe to build a power plant and increase ferrochrome output, the Southern African country's President Emmerson Mnangagwa said on Monday. Sinosteel president Andong Liu said the Chinese firm planned to build three additional... 

Caledonia’s Zim mine delivers ‘strong’ cash generation in Q1

By: Simone Liedtke     14th May 2018 Caledonia Mining produced 12 924 oz of gold in the first quarter of this year, marginally higher than that produced in the first quarter of 2017 and in line with expectations. “We expect that production will deliver the usual increase in the second half of the year as we see the benefit of the... 

Latitude completes Mt Ida sale

By: Esmarie Swanepoel     11th May 2018 ASX-listed Latitude Consolidated has completed the divestment of its Mt Ida gold project, in Western Australia, to fellow-listed Alt Resources. The two companies in January struck a deal under which Alt would make an initial cash payment of A$400 000 within seven days of signing a heads of... 

A-OSH EXPO 2018 exhibitors gearing up for show

11th May 2018 As the continent’s leading occupational health and safety (OHS) show draws closer, it’s all systems go for this year’s exhibitors as they work on the finishing touches for their stands and marketing plans. Whatever your interest in the OHS arena, there is something for everyone at A-OSH EXPO... 

Gas conditioning systems remain in high demand

By: Jessica Oosthuizen     11th May 2018 As global pressure to reduce emissions mounts, owing to more stringent legislation, there remains a high demand for spray nozzle and spraying system manufacturer Lechler’s VarioCool Gas Conditioning systems in the cement producing industry, says Lechler representative in Southern Africa... 

Cement plant maintenance crucial

By: Jessica Oosthuizen     11th May 2018 Strategic and effective cement plant maintenance services can increase plant productivity and reduce costs, says furnace and industrial services company The Dickinson Group sales manager Brighton Mapiku. “By doing thorough cement plant maintenance, which includes proper planning, employing... 

Zest WEG Group

11th May 2018 Zest WEG Group, a subsidiary of leading Brazilian motor and controls manufacturer WEG, has a strong commitment to contributing to the development of Africa and has been servicing the mining sector on the continent for more than 35 years. An in-depth understanding of the harsh conditions found... 

World investors look to Zimbabwe

10th May 2018 Infrastructure stakeholders from around the world are showing keen interest in Zimbabwe as a new spirit of optimism takes root in the country. 

Zimbabwe Parliament delays Mugabe's questioning on diamond revenue

By: Reuters     8th May 2018 Former President Robert Mugabe will not appear before Zimbabwe's Parliament as scheduled on Wednesday to answer questions on diamond mining operations, a legislator said. Temba Mliswa, who leads the Parliamentary committee on mines, said the clerk of parliament hadn't written to Mugabe to invite... 

IMF warns of rising African debt despite faster economic growth

By: Reuters     8th May 2018 Sub-Saharan African nations are at growing risk of debt distress because of heavy borrowing and gaping deficits, despite an overall uptick in economic growth, the International Monetary Fund (IMF) warned on Tuesday. The sober assessment comes as African countries continue to tap international... 

Vast achieves record Q1 gold production in Zim, Mercuria offtake finalised

By: Marleny Arnoldi     8th May 2018 Aim-listed mining and resource development company Vast Resources achieved record first-quarter gold production of 6 326 oz at its 25%-owned Pickstone-Peerless gold mine, in Zimbabwe.  

Zimbabwe miner looking at refinery upgrade for battery grade lithium

By: Reuters     7th May 2018 A Zimbabwean mining company is considering upgrading a local nickel refinery to produce battery grade lithium or alternatively build a new lithium carbonate plant at a cost of up to $150-million, its managing director said on Monday. Lithium is in demand globally as a battery metal needed for the... 

Zimbabwe trying to win back investors’ trust

By: Anine Kilian     7th May 2018 Zimbabwe is committed to introducing mining policy certainty to win back investment and revive the industry following the swearing in of President Emmerson Mnangagwa late last year. Mnangagwa is seeking to revive the economy and attract mining investment and has pledged investor-friendly policy... 

Economist predicts growth for African countries

By: Marleny Arnoldi     4th May 2018 The tide has turned for many African countries in terms of growth, says Citibank Africa economist David Cowan.  

Exclusive CEO Forum to discuss utilities transformation at AUW

By: Melissa Zisengwe     4th May 2018 CEOs from Africa will meet at the Pan-African Utility CEO Forum to discuss pertinent issues affecting the power, energy and water sectors. The Forum at African Utility Week (AUW), taking place from 15 to 17 May, is the largest of the five forums and is the meeting place for CEOs from across the... 

A monarch’s costly whim

By: Martin Zhuwakinyu     4th May 2018 It is safe to say that many readers of this column now know that what used to be the Kingdom of Swaziland is now the Kingdom of eSwatini, which means ‘the place of the Swati people’. The name change, announced by King Mswati III last month, during celebrations to mark 50 years of independence... 

Zest WEG Group

4th May 2018 Zest WEG Group, a subsidiary of leading Brazilian motor and controls manufacturer WEG, has a strong commitment to contributing to the development of Africa and has been servicing the mining sector on the continent for more than 35 years. An in-depth understanding of the harsh conditions found... 

Kariba dam rehabilitation project, Zambia and Zimbabwe

By: Sheila Barradas     4th May 2018 The Zambezi River Authority has embarked on the final stage of the project with the launch of a tender for the spillway rehabilitation works. 

ROSOND appoints new Chief Financial Officer

3rd May 2018 Douglas McLean has been appointed as the Chief Financial Officer for ROSOND. Douglas completed his CA (SA) qualification in 1999 having served his articles at Mazaars. He then worked in the United Kingdom, predominately for BP. Upon returning to South Africa in 2003, Douglas worked for a brief... 

Zimbabwe to sign $700m coal-bed methane deal this month

By: Bloomberg     3rd May 2018 Zimbabwe’s government plans to sign a $700-million deal with an investor that will develop a coal-bed methane site, Mines Minister Winston Chitando said. The accord comes as new President Emmerson Mnangagwa, who took office in November, courts foreign investment to rebuild an economy that halved... 

Botswana Diamonds, Vast to collaborate on Zim diamond mining

By: Marleny Arnoldi     2nd May 2018 Aim-listed Botswana Diamonds has signed a memorandum of understanding with Vast Resources for the exchange of information derived from past exploration on areas prospective for diamonds in Zimbabwe.  

Exhibition tailored for the African market

By: Melissa Zisengwe     27th April 2018 The third edition of the bauma CONEXPO AFRICA, held from March 13 to 16, 2018 was a reflection of the African market and an opportunity to showcase products and new technology suited to different construction equipment segments for the African market, says Messe München MD Stefan Rummel. The... 

Kariba dam rehabilitation project, Zambia/Zimbabwe

By: Sheila Barradas     27th April 2018 The Kariba dam rehabilitation project is progressing steadily. 

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