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AfDB in $2bn project finance pact
The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have signed a landmark agreement to strengthen their partnership at country level and jointly contribute to $2-billion...
Bearings, power transmission giant moves to 5 000 m2 site
As part of its business strategy to re-engineer and optimise global operations, bearings and mechanical power transmission solutions provider Timken has opened a new facility in Gauteng. The...
New R1.7bn Gauteng fluorspar mine to rank in bottom cost quartile
The new R1.7-billion Nokeng fluorspar mine near Rust de Winter, in Gauteng, the development of which started last month, was expected to lead in terms of production volume and quality, and rank “in...
De Beers’ Venetia mine launches multimillion-rand empowerment deal
Diamond miner De Beers has announced the launch of a major empowerment deal related to the transportation of employees to and from its operations at the Venetia diamond mine, in Limpopo. In a...
CoJ incentivises new building developments through special rebates
The City of Johannesburg (CoJ) will offer special rebates to property developers undertaking new building developments in earmarked areas across the city in a bid to grow the economy and create...
Vedanta’s Zinc International production down y/y in Q1, Zambia copper production improves
Diversified miner Vedanta Resources' Zinc International business recorded a 25% year-on-year decrease in production to 32 000 t for the quarter ended June 30 – the first quarter of its 2018...
Kodal receives final high-grade lithium drill results for Bougouni prospect
Aim-listed Kodal Minerals has received final drill results for the Ngoualana prospect at the Bougouni lithium project, in southern Mali, which show high-grade lithium mineralisation, the company...
New water-quality analyser launched for smart water networks
Environmental consultant SI Analytics, a division of JSE-listed technology solutions provider EOH, has launched the new Smart Low Energy Analyser (Lea), a self-powered and multi-parameter...
Otis relaunches training academy to build skills, expertise in industry
Elevator and escalator manufacturer Otis South Africa earlier this month relaunched its training academy in line with its skills development programme, which is designed to create technical and...
Canada’s First Cobalt hoping to seal DRC exploration deal by next month
Cobalt asset group First Cobalt aims to close the transaction of a strategic alliance for a 70% interest in seven prospective copper/cobalt exploration properties in the Democratic Republic of the...
New local fluorspar mine set to lead globally in production volume, quality and cost
The new R1.7-billion Nokeng fluorspar mine in Gauteng, the development of which got under way last month, is expected to lead in terms of production volume and quality, and to rank “in the bottom...
University library, student resources building wins prestigious award
The Sol Plaatje University library and student resources building project, in Kimberley, in the Northern Cape, has been awarded the 2017 Fulton Concrete Award in the buildings greater than three...
Hudaco remains cash generative in tough economic environment
Despite a difficult economic and trading environment, JSE-listed industrial products provider Hudaco remains cash-generative, with operations having generated net cash of R247-million for the six...
Mining Charter Three unpacked ahead of court hearing
Ahead of the High Court of South Africa’s hearing, on July 18, to decide on an interdict to halt the implementation of the revised Mining Charter, Deloitte Africa Energy and Resources leader Andrew...
Mining ups y/y output in May, but down again month on month
South Africa’s headline mining production grew 3.6% year-on-year in May, but contracted -0.2% from the downwardly revised month-on-month decrease in April over March, of -1.4%. The three largest...
Harmony achieves fatality-free quarter, exceeds yearly production guidance
JSE-listed Harmony Gold’s South Africa and Papua New Guinea operations achieved a milestone fatality-free quarter in the June 2017 quarter. Moreover, gold production for the financial year ending...
MPRDA, LNG import clarity key to establishment of gas economy
Key factors that will influence the establishment of a gas economy in South Africa include the passing of the amended Mineral and Petroleum Resources Development Act (MPRDA), while greater clarity...
Singularity University to host inaugural African summit
Singularity University, a global community leveraging exponential technologies to tackle the world’s key challenges, will host its first international SingularityU South Africa Summit from August...
AfDB approves $15m equity investment to support inclusive growth
The African Development Bank (AfDB) has approved a $15-million investment in multinational private equity fund Shore Capital Fund III (ShoreCap III), which promotes financial inclusion by...
Afrimat Construction Index continues to outperform general economy
Despite negative perceptions, South Africa’s economy remains resilient, while the construction industry remains healthy and continues to perform well, says JSE-listed openpit mining company and...
New Archicad solution incorporates highly anticipated stair design tool
Building information modelling (BIM) software developer for architects and designers Graphisoft has locally launched Archicad 21, the latest version of a BIM software solution that introduces a...
New waterless separator improves iron recovery by 10%-plus
To deliver enhanced iron content in high-grade magnetite production, processing company Innovative Mineral Processing Technologies (Imptec) has developed the Cyclomag planar magnetic separator,...
Improved iron-ore market bodes well for Congo project – developer
The global iron-ore industry's performance improved significantly in 2016 from a cost and pricing perspective, providing a much more positive platform going into 2017, Zanaga Iron Ore Company...
Hudaco maintains resilience amid tough economic environment
Despite a difficult economic and trading environment, JSE-listed industrial products provider Hudaco remains cash-generative, with operations having generated net cash of R247-million for the six...
Business holds small-business funding line, despite serious postreshuffle trust deficit
It is now well documented how President Jacob Zuma’s March 31 Cabinet reshuffle, which saw South Africa’s highly regarded Pravin Gordhan removed as Finance Minister, seriously undermined trust...
Women in energy efficiency look to expand mentorship programme
Following the initial success of the Southern African Females in Energy Efficiency (Safee) mentorship programmes in the past year, Safee’s potential objectives are to establish the mentorship...
Business holds small-business funding line, despite serious postreshuffle trust deficit
It is now well documented how President Jacob Zuma’s March 31 Cabinet reshuffle, which saw South Africa’s highly-regarded Pravin Gordhan removed as Finance Minister, seriously undermined trust...
Manufacturer becomes latest tenant at Eastern Cape industrial park
The Eastern Cape Department of Economic Development, Environment Affairs and Tourism (Dedeat) last month introduced green manufacturer and innovation company Ikusasa Green as the latest tenant to...
3D printing could improve mining uptime and productivity
Forward-thinking mining organisations are realising that industrial-scale, three-dimensional (3D) printing of equipment used in mines could make operations more cost effective and reduce the...
Lonmin showcases nonmining career opportunities to youth
In launching its Youth Month initiatives, London- and JSE-listed platinum mining company Lonmin has convened a series of career guidance workshops for learners at schools in communities around the...
Endeavour to acquire Avnel to further strengthen high-quality project pipeline
Canadian gold producer Endeavour Mining will acquire gold mining, exploration and development company Avnel Gold, which owns the Kalana gold project in Mali, in an all-share transaction valued at...
Summit to outline African LPG market growth potential
While Africa – the fastest-growing liquefied petroleum gas (LPG) market in the world today – is rich with potential for LPG industry players, distribution challenges, affordability and safety...
Infrastructure development key to accelerating growth, Gama avers
Industrialisation and the provision of infrastructure will accelerate Africa’s economic growth, says State-owned logistics provider Transnet CEO Siyabonga Gama. Speaking at the International Heavy...
Stenprop mulls London listing as it pursues UK prospects
Following the acquisition of a portfolio of 25 multilet industrial (MLI) properties in the UK earlier this month, JSE-listed property investment company Stenprop is considering the merits of a...
Company starts Phase 3 drilling at Sierre Leone gold project
Multicommodity exploration and development company Sula Iron & Gold has started Phase 3 drilling at the Sanama Hill and Southern Target deposits at its flagship Ferensola gold project, in Sierra...
Afrimat Construction Index continues to outperform general economy
Despite negative perceptions, South Africa’s economy remains resilient, while the construction industry remains healthy and continues to perform well, says Afrimat CEO Andries van Heerden. This is...
Rocket technology idea wins Global Impact Challenge Award
The idea to use innovative rocket technology that uses asteroid metal as fuel to achieve industrial-scale transport of mined asteroid material has been crowned the winner of the 2017 Singularity...
Mobile hard-drive shredder plant launched in Africa
Secure information technology (IT) asset disposal services provider Xperien has launched the first mobile hard drive shredder plant in Africa, which is a fully equipped Protection of Personal...
Solar PV project construction starts at Burkina Faso gold mine
The groundbreaking ceremony of the new 15 MWp photovoltaic (PV) power plant, which will supply power to Canadian midtier mining company Iamgold’s Essakane S.A. gold mine, in Burkina Faso, was held...
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