Inca Concrete admits to contravening Competition Act

Concrete products manufacturer Inca Concrete Products has admitted to contravening the Competition Act and agreed to pay a penalty of R800 000 in this regard, the Competition Tribunal reported this... 

Competition Tribunal confirms Giuricich settlement

The Competition Tribunal on Wednesday confirmed the R149 429.31 collusion settlement agreement between the Competition Commission and Giuricich Coastal Projects. The construction company had... 

First diamonds exported from Baoulé trail mining

The first diamonds have been exported from Aim-listed Stellar Diamonds’ 75%-owned Baoulé project, in Guinea, the company announced on Thursday. The parcel of 941 ct, including gem diamonds up to 9... 

Study shows economic benefit of concurrent openpit mining, underground development at Tongo

An independent study undertaken at Aim-listed diamond development company Stellar Diamonds’ 100%-owned Tongo kimberlite Dyke-1 project, in Sierra Leone, has shown attractive economics for... 

Colluli PFS will determine project balance – South Boulder CEO

The prefeasibility study (PFS) of ASX-listed South Boulder Mines’ (SBM’s) Colluli project, in Eritrea, was an exercise of scale through which the company would determine the correct balance between... 

Neasa appeals Labour Court judgment, requests Minister to hold off on decision

The National Employers Association of South Africa (Neasa) on Tuesday filed an urgent application for leave to appeal Justice Hilary Rabkin-Naiker’s December 1 judgment dismissing its urgent... 

Business confidence rises in Nov as BCI moves away from ‘desperate’ levels

Business confidence improved during November, with the South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) having gained two index points to 90.8. Sacci stated... 

PPC to reconstitute board at January AGM, Sibiya stepping down

Cement producer PPC on Wednesday announced that it would no longer hold an extraordinary general meeting (EGM) on December 8 to consider the proposed removal of the company’s entire board, as well... 

Amendments to e-Road regulations published for public comment

Transport Minister Dipuo Peters has published various amendments to the Gauteng e-Road regulations in the Government Gazette for public comment. Among the proposed amendments was a requirement that... 

Construction started on Ekurhuleni IRPTN

Construction has started on the Ekurhuleni metropolitan municipality’s new Integrated Rapid Public Transport Network (IRPTN) service that would connect the nine separate towns of Gauteng’s East... 

PEA determines IRR of 267% for Blanket mine

A preliminary economic assessment (PEA) based on triple-listed Caledonia Mining’s 49%-owned Blanket mine’s revised investment plan has determined an internal rate of return (IRR) of 267% for the... 

Assore to subscribe for up to 30.3% in IronRidge

JSE-listed mining holding company Assore would subscribe for 70.83-million shares in Australia-based explorer IronRidge Resources for £6.98-million. Depending on the amount of equity raised by... 

Beacon Hill updates finance arrangements, strengthens balance sheet to provide solid foundation for growth

Aim-listed Beacon Hill Resources has updated its financing arrangements and restructured its debt in an attempt to strengthen and de-risk its balance sheet to provide a more solid foundation for... 

Rhodes professor appointed to UN advisory panel

Rhodes University Distinguished Professor Tebello Nyokong has been appointed to a United Nations (UN) high-level panel to advise on the organisational and operational aspects of the proposed... 

New maritime division to open new markets for Denel

Through the establishment of the new Denel Integrated Systems and Maritime (DISM) division, State-owned Denel was adding to its existing strengths in the landward and aerospace arenas, while also... 

RCPP definitive mining feasibility study enhances project attractiveness

The definitive mining feasibility study for Tanzania-focused mineral exploration and development company Kibo Mining’s Rukwa Coal to Power Project (RCPP) has determined that its expected... 

Labour Court dismisses Neasa application

The Labour Court in Johannesburg on Monday dismissed an urgent application by the National Employers Association of South Africa (Neasa) to prevent the Metal and Engineering Industry Bargaining... 

Edenville to identify near-term revenue opportunities to underpin Rukwa strategy

African coal explorer Edenville Energy was seeking to identify near-term revenue opportunities to reduce its reliance on external financing, as well as to fulfill its longer-term objective of... 

$113m to be released to Nautilus next month on completion of State agreement

Prospective seafloor miner Nautilus Minerals on Friday announced that $113-million that had been placed into escrow in May, would be released to the company on December 11, on the completion of the... 

Festo promoting skills development through WorldSkills association

Through hosting the WorldSkills 2014 competition’s mechatronic pre-national finals, industrial control and automation company Festo would promote and support skills development. Festo said the... 

R10bn set aside for Witwatersrand AMD mitigation

The Department of Water and Sanitation (DWS) has set aside an estimated R10-billion to mitigate acid mine drainage in the Witwatersrand goldfields. In a statement issued following a meeting between... 

Oakbay lists on JSE

Investment holding company Oakbay Resources and Energy on Friday listed on the JSE’s main board, becoming the sixteenth company to list this year. The company held a 74% interest in Shiva Uranium,... 

GoldStone to focus on Homase/Akrokerri project

Following the acquisition of a 33.45% controlling interest in Aim-listed GoldStone by exploration and development company Stratex, GoldStone’s newly constituted board has decided that the company’s... 

Stellar reports higher Tongo Dyke-1 reserves, diamond grade

Aim-listed Stellar Diamonds on Friday announced a 35% increase in the Joint Ore Reserves Committee- (Jorc-) compliant inferred resource for its 100%-owned Tongo kimberlite Dyke-1 project, in Sierra... 

Adoption of Bali package puts WTO negotiations ‘back on track’

The World Trade Organisation (WTO) on Thursday adopted the Bali trade reform package, putting the organisation’s negotiations back on track, WTO director general Roberto Azevêdo said. The 160 WTO... 

Osisko closes C$100m credit facility

Gold-focused royalty and stream company Osisko Gold Royalties has closed its C$100-million revolving credit facility with the National Bank of Canada. The credit facility, which could be increased... 

TVIRD enters into C$2m finance negotiations with Mindoro

The Philippine affiliate of resource company TVI Pacific, TVI Resource Development (TVIRD), on Thursday announced that it was in negotiations to provide its joint venture partner in the Agata... 

Sisulu presses Transnet for pledge of unused land for housing developments

Human Settlements Minister Lindiwe Sisulu is putting pressure on State-owned freight and logistics company Transnet to pledge its unused land to be transferred to government for housing... 

Amec, Foster Wheeler merge to create engineering major

Engineering and project management company Amec has completed its merger with Switzerland-headquartered global engineering and construction company and power equipment supplier Foster Wheeler. The... 

Construction starts on 4.5 MW Free State hydropower plant

Construction has started on the 4.5 MW Stortemelk hydropower plant, in the Free State, with engineering, management and specialist technical services company Aurecon having been appointed as the... 

Eskom UCG commercialisation date ‘slips’ amid permitting delays

State-owned power utility Eskom is no longer targeting 2017 for the commercialisation of underground coal gasification (UCG) at its Majuba power station, in Mpumalanga, owing to delays in receiving... 

Mining equipment market recovery expected from 2016 onwards – Barloworld

Although the mining environment was expected to remain tough in 2015, JSE-listed Barloworld expected to see a recovery in terms of mining equipment deliveries from the 2016 financial year onwards,... 

Work started towards defining Agata limestone resource

Joint venture company Agata Mining Ventures (AMVI) has started with an exploration programme aimed at defining a National Instrument (NI) 43-101-compliant resource estimate at its Agata limestone... 

Competition Commission recommends approval of Anglo American, Samancor transaction

The Competition Commission on Thursday recommended the approval of the merger that would see mining major Anglo American gain joint control over Samancor, without conditions. Anglo American already... 

Sustainability reporting on the rise among JSE-listed companies

This year, 82 companies met the JSE’s Socially Responsible Index (SRI) requirements relating to environmental, social and governance (ESG) policies and management practices, compared with only 72... 

New HySA centre to promote PGM beneficiation, SA’s hydrogen economy

The work of the newly launched Hydrogen South Africa (HySA) Infrastructure facilities located at the Centre for Scientific and Industrial Research (CSIR), in Pretoria, would promote South Africa’s... 

Mponeng stoping, development activities halted following fatality

Stoping and development activities at gold miner AngloGold Ashanti’s Mponeng mine, near Carletonville, have been suspended following the death of an employee. The deceased, a scraper winch... 

Glencore Finance extends, increases Katanga loan facilities

TSX-listed Katanga Mining on Wednesday announced the execution of extended and increased loan facilities with Glencore Finance. Katanga said the maturity date of its existing term loan facility... 

AMVI modifying DSO operations to increase Agata revenue

Joint venture company Agata Mining Ventures (AMVI) was modifying its high-iron/low nickel direct shipping ore (DSO) operations to include shipments of ore containing higher nickel content to... 

ABG shareholders approve name change to Acacia Mining

African Barrick Gold (ABG) shareholders on Wednesday voted in favour of the company’s proposed name change to Acacia Mining, with the new name to come into effect on Thursday. ABG earlier this...