Miller’s status changed from Firestone CEO to MD

Coal developer Firestone Energy on Wednesday announced that it had appointed former CEO and executive director Stephen Miller as MD of the company with immediate effect. Firestone said the terms... 

Savca appoints two new directors

The Southern African Venture Capital and Private Equity Association (Savca) on Wednesday announced that it had made two new appointments to its board of directors. Women-led private equity firm... 

KZN opens regional offices to decentralise public transport licensing

KwaZulu-Natal Transport, Community Safety and Liaison MEC Willies Mchunu on Tuesday opened the KwaZulu-Natal Department of Transport’s new regional offices in Empangeni as part of the provincial... 

Nigerian Stock Exchange receives full WFE membership

The Nigerian Stock Exchange (NSE) on Tuesday became the first West African stock exchange to be granted full membership status by the World Federation of Exchanges (WFE). The NSE was elected as a... 

Motsepe Foundation, ARM donate $1m to Guinea Ebola fund

Motsepe Foundation founder and African Rainbow Minerals executive chairperson and founder Patrice Motsepe has donated $1-million to Guinea’s Ebola Fund on behalf of the organisations. This... 

Hummingbird targets delivery of Yanfolila optimisation studies by end 2014

Gold exploration and development company Hummingbird Resources was aiming to deliver the optimisation studies for its Yanfolila project, in Mali, by the end of this year, with construction expected... 

Ascendis acquires Scientific Group in R283m deal

Health and care group Ascendis Health has entered into an agreement to acquire the majority of the Scientific Group, including its diagnostics business SG Diagnostics, for a consideration of... 

DA still seeks details of SDT buyers

The Democratic Alliance (DA) would continue to pursue a declaration from the State Diamond Trader (SDT) on who its biggest buyers are, DA shadow Minister of Mineral Resources James Lorimer has... 

Sibanye Q3 production up 10%, full-year guidance maintained

Gold miner Sibanye Gold on Tuesday reported record gold production of 424 700 oz (13 210 kg) for the three months ended September 30, up 10% year-on-year. The company said the higher production,... 

Stratex, Thani complete formation of new East, North African company

Aim-listed exploration and development company Stratex on Monday announced that it had completed the formation of a new East and North Africa-focused exploration company in partnership with Thani... 

South Africa’s economically active population growing – DoL

While South Africa’s economically active population was growing, indicating that more people were coming into the labour force, this growth was not mirrored in the number of jobs created... 

Time for Africa to increase its contribution to space economy – Pandor

The African continent had to move away from being a “client” in terms of accessing scientific information to rather having customers coming to the continent to access its information, Science and... 

Foster Wheeler merger enhances MDM’s growth potential

Through its merger with global engineering and construction company Foster Wheeler, metallurgical engineering company MDM Engineering has improved its ability to grow its business in current tough... 

New vertical shaft brick kiln to improve Langkloof Bricks’ energy efficiency

Swedish Ambassador to South Africa Christian Meuwly will next week inaugurate the final roll-out of the new vertical shaft brick kiln (VSBK) at clay brick manufacturer Langkloof Bricks’ facility in... 

George Airport runway rehabilitated

The runway at the George Airport, in the Western Cape, has been rehabilitated to improve safety, in terms of run-off and storm water drainage, and the structural capacity of the pavement surface.... 

DRA awarded first phase of Exxaro’s Belfast coal implementation project

Engineering and project delivery company DRA has been awarded the $4.5-million first phase contract of JSE-listed Exxaro Resources subsidiary Exxaro Coal’s Belfast implementation project, in... 

Aquarius posts Q1 profit on back of higher production, lower costs

Platinum miner Aquarius Platinum on Friday reported a net profit of $5.21-million for the three months ended September 30 compared with a loss of $10.19-million during the prior corresponding... 

Giant Flag construction to start next year

Construction of the R170-million Giant Flag project, in the Camdeboo municipal area of the Karoo, is scheduled to start early next year, creating more than 700 jobs in the area. The 66 ha South... 

African countries urged  to consider innovative infrastructure financing

African countries should consider innovative solutions to finance infrastructure development that would enable the continent to unlock quality growth, the Africa Progress Panel (APP) has argued.... 

Second-phase BBBEE Codes of Good Practice gazetted

Trade and Industry Minister Dr Rob Davies has gazetted the second phase of the amended broad-based black economic-empowerment (BBBEE) Codes of Good Practice for public comment. The Department of... 

Radio-telescope images providing insight into nova explosion gamma rays

Using highly detailed radio-telescope images, scientists have managed to pinpoint the locations where a classical nova stellar explosion emitted gamma rays, revealing a probable mechanism for the... 

Foster Wheeler completes acquisition of MDM Engineering

Global engineering and construction company Foster Wheeler on Thursday announced that an indirect wholly owned subsidiary of the company had completed its acquisition of metallurgical engineering... 

ABG Q3 production up 16%, AISC continues decline

Tanzania-focused gold producer African Barrick Gold (ABG) increased its production for the three months ended September 30, by 16% year-on-year, while all-in sustaining costs (AISC) declined for... 

Richard Tomes resigns as joint MD of PPC

JSE-listed cement company PPC on Thursday announced the resignation of its joint MD Richard Tomes, who would pursue other opportunities. The company said that Johann Claassen, who served as... 

Zuma says govt seriously mulling Operation Phakisa for mining sector

President Jacob Zuma on Thursday reiterated that government was seriously considering a mining-focused Operation Phakisa phase. Minister in the Presidency Jeff Radebe earlier this year, at the... 

Emerging economies can overcome sluggish growth forecasts

Emerging economies did have the ability to overcome the current difficult economic conditions and slow growth forecast, Brazilian Ambassador Carneiro De Mondonça said on Thursday. Speaking at the... 

SMME funding not responsibility of govt alone – Zulu

Government could not take responsibility for radical economic transformation and small business development on its own, Small Business Development Minister Lindiwe Zulu asserted on Thursday.... 

Nordgold Q3 production up 11% y/y, company on track to achieve upper end of full-year guidance

LSE-listed Nordgold on Wednesday reported a 11% year-on-year, and 2% quarter-on-quarter increase in production for the three months ended September 30, to 270 600 gold equivalent ounces. The... 

Waterberg JV PFS on track

The prefeasibility study (PFS) for TSX- and NYSE-listed Platinum Group Metals’ (PTM’s) Waterberg Joint Venture (JV) project on the northern limb of the Bushveld Complex is on track, with completion... 

DTI encourages China to invest in SA manufacturing sector

Department of Trade and Industry export promotion and marketing chief director Zanele Sanni has invited manufacturing and advanced manufacturing companies from Shenzhen, China, to invest in South... 

Competition Commission approves Dawn, Grohe merger

The Competition Commission on Wednesday announced that it had unconditionally approved the merger between JSE-listed Distribution and Warehousing Network’s (Dawn’s) Watertech and Sanitaryware... 

Total, Famous Brands, Thrupps partner for speciality convenience offering

Total South Africa (SA), a subsidiary of listed French multinational Total, has partnered with JSE-listed Famous Brands and speciality grocer Thrupps to provide Total service station customers with... 

Yaoure 2014 drilling programme confirms presence of high-grade areas

The 2014 drilling programme at West Africa-focused gold mining company Amara Mining’s Yaoure gold project, in Côte d'Ivoire, has confirmed the presence of high-grade areas in the Yaoure central... 

DSBD to provide municipalities with SMME infrastructure development incentives

The Department of Small Business Development (DSBD) would soon invite applications from local municipalities to apply for incentives to cover the building or renovation of infrastructure that could... 

SMME inclusion in mainstream economy part of ‘radical economic transformation’ – Zulu

Ensuring that small, medium-sized and microenterprises (SMMEs) were included in the mainstream economy had to form part of the “radical economic transformation” targeted by the current... 

Gold Fields on track to reach full-year production target, cost estimates revised downwards

Gold miner Gold Fields on Monday announced that its attributable gold equivalent production for the three months ended September as expected to be about 559 000 oz. All-in sustaining costs (AISC)... 

Nordgold completes acquisition of Burkina Faso project

London-listed Nordgold has completed the acquisition of Canadan mineral exploration company Goldrush Resources’ Ronguen gold project, 10 km from Nordgold’s Bissa mine, in Burkina Faso. Nordgold... 

Richards Bay Bulk Terminal exceeds September target

The Richards Bay Bulk Terminal, in KwaZulu-Natal, loaded 1.49-million tons of cargo in September, exceeding its monthly target of 1.32-million tons, Transnet Port Terminals (TPT) said on Monday.... 

Shell hands over exploration data to W Cape universities

Energy company Shell has handed over rare, high-quality three-dimensional (3D) seismic data, collected off the west coast of South Africa, to the universities of the Western Cape and Cape Town to... 

Changing legislation, policy still significant threat for JSE top 100

Resources, financial services and healthcare companies faced significant threats arising from changing legislation and political policy, a recent study by professional services firm Deloitte of the...