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Competition Tribunal allows Mpact to intervene in Corruseal, Neopak merger
1st July 2022 The Competition Tribunal has granted paper and plastics packaging manufacturer Mpact leave to intervene in the intermediate merger proceedings between paper packaging company Corruseal and recycled containerboard company Neopak. In March, the Competition Commission prohibited the proposed... →
Mondi completes sales of personal care components business to Nitto Denko
1st July 2022 Paper and packaging solutions company Mondi has completed the sale of its personal care components business (PCC), part of the engineered materials business unit, to Nitto Denko Corporation for an enterprise value of R1.05-billion (€615-million). Mondi group CEO Andrew King says the sale of PCC,... →
Hudaco lifts interim profit despite global market challenges
1st July 2022 Branded automotive, industrial and electrical consumable products group of companies Hudaco grew its turnover for the six months ended May 31 by 12% year-on-year to R3.8-billion. Turnover was also 19% higher than pre-Covid-19 levels. →
Enviro dept to reconsider authorisation for Kendal ash dump life extension
1st July 2022 An application to appeal the rejection of an environmental authorisation for Eskom’s Kendal power station to extend the life of its ash dump to 30 years has been set aside by the Department of Forestry, Fisheries and the Environment (DFFE) for reconsideration. The Kendal power station applied... →
Power constraints too complex for Eskom alone – EIUG
1st July 2022 The Energy Intensive Users Group (EIUG) says that the task of mitigating risks related to the system performance and defining future electricity supply is too complex to be resolved by power utility Eskom alone, but instead requires active participation by other stakeholders as well. EIUG CEO... →
Bauba subsidiary Nuco Chrome granted eight-year mining right
30th June 2022 Platinum and chrome miner Bauba Resources reports that its 74%-owned exploration company Nuco Chrome business has been granted a mining right, which is valid for eight years. The mining right – notarially executed on June 23 – came into effect on June 3, and will end on June 2, 2030. →
DRA, Senet appointed to conduct Tiris FEED study
30th June 2022 ASX- and Aim-listed uranium and polymetallic miner Aura Energy has engaged with engineering consultants DRA Global, and its wholly-owned subsidiary Senet, to start Phase 1 of the Mauritania-based Tiris uranium front-end engineering design (FEED) study. The FEED study for its 85%-owned Tiris... →
DBSA tasked with overseeing Sanral tender reappointment process
30th June 2022 The South African National Roads Agency Limited (Sanral) has appointed the Development Bank of Southern Africa (DBSA) as an independent and lead adjudicating body after Sanral’s board in May declined the contracts previously entered into for five strategic projects. As such, the DBSA will act as... →
DPWI undertaking bulk infrastructure installation at new mixed-use development
29th June 2022 The Department of Public Works and Infrastructure (DPWI) is building and installing bulk and internal infrastructure at the Salvokop Precinct Development – a mixed-use precinct project, which forms part of the greater Tshwane Inner City Regeneration Programme. Located in close proximity to the... →
Illegal mining brazenness a significant concern to legitimate industry
29th June 2022 Minerals Council South Africa legal deputy head Mxolisi Ngubane says that, although the prevalence of illegal mining is not new, the brazenness and evolving nature at which operations are taking place, is becoming increasingly concerning to the wider mining industry and especially to miners in... →
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