Transnet opens hub to support small businesses and new entrants

State-owned freight logistics group Transnet has launched the first of a series of enterprise development hubs, as part of a drive to expand opportunities for smaller enterprises and new entrants,... 

Japanese group invests €100m in Mainstream Renewable Power

Global wind and solar developer Mainstream Renewable Power has announced a €100-million equity investment deal with Marubeni Corporation, which would see the Japanese group take a 25% stake in the... 

Changing South Africa’s labour law ‘not the answer’

Despite ongoing calls for a review of South Africa’s labour legislation to resolve the country’s industrial-relations and unemployment problems, Department of Labour deputy director-general for... 

Empowerment partners for Prasa fleet renewal unveiled

Transport Minister Dipuo Peters announced earlier this month that Khiphunyawo Rail, Community Rail Services and Elgin-Identity Rail Corporation would be the 30% broad-based black... 

Rise in manufacturing index attributed to weaker rand

The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) remained above the key 50-point mark for the fourth consecutive month in July when it increased marginally by 0.6 points to 52.2, but... 

CEF invites parties to tender for torbanite project prefeasibility study

JOHANNESBURG (miningweekly.com) – The Department of Energy’s Central Energy Fund (CEF) has invited capable service providers to submit proposals for a prefeasibility study (PFS) to determine the... 

Gemfields boosts Kagem output, talks over auctions continuing

JOHANNESBURG (miningweekly.com) – Aim-listed Gemfields on Monday reported improved production results from its 75%-owned Kagem mine, in Zambia, and said that negotiations with the Zambian... 

Gold One, Goliath advance plans to restore gold mining on the East Rand

JOHANNESBURG (miningweekly.com) – Dual-listed Gold One and exploration and development company Goliath Gold on Thursday said that two of three prospecting applications pertaining to the R70-million... 

Latest copper-theft index records first significant rise since September

The South African Chamber of Commerce and Industry’s (Sacci’s) June Copper Theft Barometer registered its first significant increase since September last year when it rose to R11.1-million, up from... 

Zambia seeks investors for mini hydro projects

Zambia’s energy sector offers ample opportunities for investors, Rural Electrification Authority (REA-Zambia) community mobilisation officer Naomi Sidomo said late last month, highlighting the... 

Carbon pricing idea gaining steam as global leaders recognise climate risks

In three years time, the vast majority of global carbon dioxide (CO2) emissions would come from jurisdictions with carbon pricing, as more former sceptics reinvented themselves as contributors to... 

Beacon Hill’s Minas Moatize to reach full production in ‘coming weeks’

JOHANNESBURG (miningweekly.com) – Aim- and ASX-listed Beacon Hill Resources would move into full production at it Minas Moatize project, in Mozambique, in the coming weeks, CEO Rowan Karstel... 

African Barrick Gold’s first-half production higher than guidance

JOHANNESBURG (miningweekly.com) – Tanzania-focused gold miner African Barrick Gold (ABG) delivered a strong operational performance in the first half of 2013, with production tracking ahead of... 

Villagers sue African Barrick Gold over 2011 deaths, injuries

JOHANNESBURG (miningweekly.com) – London law firm Leigh Day on Tuesday served gold producer African Barrick Gold (ABG) with legal proceedings in a UK High Court, claiming that the company was... 

Northam expects 60% to 70% improvement in earnings

JSE-listed Northam Platinum on Thursday said it estimated earnings and headline earnings a share for the year ended June 30 would increase by between 60% and 70%, owing to an improved average... 

Business confidence remains stable at low levels

South Africa’s business confidence remained nearly unchanged in July, ending up by a marginal 0.5 points to 90.7, the South African Chamer of Commerce and Industry (Sacci) reported on Thursday. On... 

Mondi reports strong profit growth in SA business

International packaging and paper group Mondi has reported strong performance in its South Africa division, which achieved an underlying operating profit of €44-million in the six months ended... 

Worker dies at Atlatsa’s Bokoni mine

Triple-listed platinum group metals miner Atlatsa Resources has halted operations at the vertical shaft at its Bokoni platinum mine, in Limpopo, after a worker was killed in a fall-of-ground... 

UCT Graduate School of Business listed in global Executive MBA ranking

The University of Cape Town (UCT) Graduate School of Business (GSB) has been ranked fifty-ninth in The Economist’s inaugural Which MBA? list of Executive Master of Business Administration (EMBA)... 

Botswana Diamonds to revisit Orapa diamond licence

Aim-listed Botswana Diamonds has reached an agreement with privately owned Eversharp Investments to operate and jointly own the 2.9 km2 PL 117/2011 diamond mining licence, in Botswana’s Orapa... 

Gold One, Goliath advance plans to restore gold mining on the East Rand

Dual-listed Gold One and exploration and development company Goliath Gold on Thursday said that two of three prospecting applications pertaining to the R70-million acquisition of the underground... 

Stefanutti reports 35% fall in 2013 operating profit

Depressed global and local economic conditions, the delayed awarding of private and public infrastructure investment projects, loss-making contracts, bad debts and protracted strike action in South... 

Transnet opens hub to support small businesses and new entrants

State-owned freight logistics group Transnet on Tuesday launched the first of a series of enterprise development hubs, as part of a drive to expand opportunities for smaller enterprises and new... 

Aveng share price falls as company announces drop in FY earnings

The share price of construction firm Aveng fell by 11.44% on Monday afternoon as its announced that it expected its headline earnings a share and earnings a share for the year ended June 30 to be... 

CEF invites parties to tender for torbanite project PFS

The Department of Energy’s Central Energy Fund (CEF) has invited capable service providers to submit proposals for a prefeasibility study (PFS) to determine the capital and operating costs for the... 

Gemfields boosts Kagem output, talks over auctions continue

Aim-listed Gemfields on Monday reported improved production results from its 75%-owned Kagem mine, in Zambia, and said that negotiations with the Zambian government over the location of its... 

Japanese group invests €100m in Mainstream Renewable Power

Global wind and solar developer Mainstream Renewable Power on Monday announced a €100-million equity investment deal with Marubeni Corporation, which would see the Japanese group take a 25% stake... 

Zululand wants PetroSA’s Ikhwezi production rights suspended

The Department of Mineral Resources (DMR) has confirmed that it has received an appeal from black economic-empowerment (BEE) firm Zululand Oil & Gas Resources against the granting of national oil... 

Atlatsa names Naicker interim CFO

Triple-listed platinum group metals (PGMs) miner Atlatsa Resources has appointed senior financial controller Kogi Naicker interim CFO, with effect from August 1. Naicker replaces De Wet Schutte,... 

Astronomical facilities partner to facilitate access to data

The National Research Foundation’s three astronomical facilities, the South African Astronomical Observatory (SAAO), the Hartebeesthoek Radio Astronomy Observatory and the Square Kilometre Array... 

Sappi Southern Africa Q3 profit falls as weak European market persists

JSE-listed paper, pulp and packaging group Sappi’s Southern African arm recorded an operating profit, excluding special items, of R183-million for the third quarter ending June, down from an... 

Tribunal confirms settlement deals with 15 construction firms

The Competition Tribunal has (on Wednesday) confirmed the last of the settlement agreements between the Competition Commission and 15 major construction firms which had admitted to collusive... 

Aquarius reports 22% production increase in June quarter

JOHANNESBURG (miningweekly.com) – Platinum-group metals (PGM) producer Aquarius Platinum on Wednesday delivered another increase in quarterly production and reminded investors that it had... 

Anglo a ‘more efficient, agile’ organisation after management changes, CEO

Mark Cutifani, the new CEO of Anglo American last week announced various high-level management changes to create a “more efficient and agile” organisation. The management changes, which includes... 

July new vehicle sales show 7.5% y-on-y increase

New vehicle sales for July increased by 7.5% year-on-year, with 58 140 units sold in the month, data released by the Department of Trade and Industry, on Thursday, showed. The National Association... 

Minister announces Prasa fleet renewal BEE partners

Transport Minister Dipuo Peters on Thursday announced that Khiphunyawo Rail, Community Rail Services and Elgin-Identity Rail Corporation would be the 30% broad-based black economic-empowerment... 

PMI improves but manufacturing conditions remain tough

The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) remained above the key 50-point mark for the fourth consecutive month in July when it increased marginally by 0.6 points to 52.2, but... 

NUM members hold march at Arnot mine

About 1 000 miners represented by the National Union of Mineworkers (NUM) were planning to hold a march at diversified resources group Exxaro's Arnot coal mine, 43 km outside Middelburg, on... 

SA needs general anticorruption body – Hoffman

Corruption “in high places” could be countered by an effective general anti-corruption body, South African Institute of Accountability director Paul Hoffman said on Wednesday. 

Changing SA’s labour law not the answer, says DDG

Despite calls for a review of South Africa’s labour legislation to resolve the country’s labour issues, Department of Labour deputy director-general for labour policy and industrial relations, Les...