Edenville raises over £100 000 through share subscription

As part of the Equity Finance Facility (EFF) it announced in March, coal focused African energy exploration and development company Edenville Energy on Monday has raised £106 895 through a... 

Auction generates $15.2m revenue for Gemfields

Aim-listed Gemfields sold 6.3-million carats of predominantly lower quality rough emeralds and beryl extracted from its Zambia-based Kagem mine, last week, generating $15.2-million in revenue. The... 

Eastplats suspends Crocodile River funding

Canada-based platinum miner Eastern Platinum (Eastplats) on Monday said it would suspend funding for its South African Crocodile River mine (CRM) development plan, owing to the continuing negative... 

SA trade still recovering, dragged down by world economy, mine strikes – Marcus

Despite a marked improvement in South Africa’s terms of trade since 2010, the country’s exports has seen a slow recovery, weighed down by lagging global recovery and widespread stoppages in the... 

AfDB launches African infrastructure finance report

The African Development Bank (AfDB) on Friday launched its Structured Finance – Conditions for infrastructure project bonds in African markets report at the International Monetary Fund–World Bank... 

DRC copper export ban will have no real impact on operations – Tiger

Toronto- and Sydney-listed Tiger Resources on Friday said there will be no material impact on its operations or the continued sale of copper concentrate from its Kipoi copper mine, in the Katanga... 

Anglo American Q1 metallurgical coal, copper output up

Diversified miner Anglo American’s metallurgical coal production reached a record 7.2-million tons for the quarter ended March 31, 2013, with export metallurgical coal production having increased... 

Kumba Q1 output up 15%

JSE-listed Kumba Iron Ore’s output for the quarter ended March 31 was 15% higher quarter-on-quarter at 10.34-million tons, owing to improved production at its Sishen mine and good performance at... 

South Africa should look to tap power from big Moz gas finds

Gas would form a key part of South Africa’s future power generation mix, with the focus to fall on liquefied natural gas (LNG) in the short term and on shale gas in the long term, Standard Bank... 

Umgeni Water seeks contractor for 55 Mℓ/d raw water treatment works

State-owned water utility Umgeni Water has called on competent contractors to tender for the construction of the 55 Ml/d Lower Thukela Bulk Water Supply Scheme (LTBWSS) adjacent to the Thukela... 

City Power to focus initially on larger power users as it launches smart-meter roll-out

Power utility City Power on Thursday said it was finalising a programme for the roll-out and installation of about 250 000 smart meters for consumers in Johannesburg over a three-year period. The... 

NamPower starts prequalification process for Kudu EPC contractor

Namibia’s power utility NamPower has kicked of the prequalification process for the provision of a turnkey engineering, procurement and construction (EPC) solution for the 800 MW Kudu gas-to-power... 

Report raises concern over SA’s approach to construction tender evaluation

With the South African government earmarking R827-billion for infrastructure development over the next three years, the Construction Industry Development Board (CIDB) has indicated its concern... 

DiamondCorp finalises funding package for Lace mine

JOHANNESBURG (miningweekly.com) – Southern African diamond development and exploration company DiamondCorp has finalised the £23-million finance package for the 47-level block cave development at... 

SA mining output up 7% year-on-year in February, reflecting low 2012 base

JOHANNESBURG (miningweekly.com) – Mining production in South Africa increased in February, growing 7% year-on-year, following the downwardly revised 6.7% growth in January, Statistics South... 

Continental Coal finalises Mashala Resources deal

ASX- and Aim-listed Continental Coal on Thursday said its 74%-owned South African subsidiary had completed the acquisition of the outstanding minority interests in coal mining junior Mashala... 

RBPlat reports higher production despite tough market conditions

Notwithstanding a challenging business environment, black-empowered platinum producer Royal Bafokeng Platinum (RBPlat) reported a 4% year-on-year increase in total tonnes delivered to concentrators... 

SA miners most exposed to risk of tumbling gold prices – Fitch

South African miners had the biggest exposure to the risk of falling gold prices, owing to high production costs that were rising further at a fast pace, ratings agency Fitch said on Thursday. The... 

Rebosis expects Comp Commission approval of Sunnypark Centre deal soon

JSE-listed black-managed Rebosis Property Fund expected the Competition Commission to approve its acquisition of the Sunnypark Centre, in Pretoria, within the next week, while transfer was... 

Fading confidence in collective bargaining could lead to job cuts, warns law firm

The apparent opting out of labour union membership in South Africa amid a wave of wildcat strikes, could mark a rise in employee terminations, should companies lose confidence in collective... 

Hospitality to buy 100% stake in Radisson Blu Gautrain hotel for R443m

Hospitality Property Fund’s (HPH’s) wholly owned subsidiary HPF Properties (Propco) has entered into a new sales agreement with Savana to acquire 100% of the Radisson Blu Gautrain hotel and... 

Zeder agrees to buy Capespan for R285m

Investment company Zeder, through its wholly owned subsidiary Zeder Financial Services, on Wednesday said it had reached an agreement to acquire the entire shareholding held by Total Produce in... 

N1-N2 Winelands improvements to benefit surrounding communities, create jobs

The South African National Roads Agency Limited (Sanral) spokesman Vusi Mona has rejected reports that the N1-N2 Winelands toll highway project would adversely affect members of impoverished... 

Davis agrees to step down as Glencore-Xstrata merger clears last major hurdle

Xstrata CEO Mick Davis has agreed to not take up the six-month role of CEO and executive director of the combined Glencore Xstrata group – one of the conditions set by China’s Ministry of Commerce... 

Preparations for construction of Air Products’ R300m ASU plant to start in June

Site clearance and preparation for the construction of industrial gas supply company Air Products’ R300-million air separation unit (ASU) in the Coega Industrial Development Zone (IDZ) would start... 

Amcu indicates it will reject CoM collective bargaining proposal

Although the Chamber of Mines (CoM) was expecting to receive a formal response from the Association of Mineworkers and Construction Union (Amcu) regarding its proposed formation of a centralised... 

Firestone enters into talks with interested funders

ASX- and JSE-listed Firestone Energy has entered into discussions with interested parties regarding future funding. The company, which is currently the takeover target of fellow ASX-listed Range... 

Construction on Bronkhorstspruit biogas plant to start in June

Construction on the Bronkhorstspruit Biogas Plant (BBP) would start in June and be completed in the first quarter of next year, the project developer Bio 2 Watt says. Founder Sean Thomas told... 

Textiles competitiveness programme creates over 12 000 permanent jobs – DTI

The Clothing and Textiles Competitiveness Programme (CTCP) had, to date, created more than 12 000 new permanent jobs in South Africa’s clothing, textiles, leather and footwear sectors, Department... 

IMF recognises new Somali federal government

The International Monetary Fund (IMF) on Monday announced that it now recognised the new Federal Government of Somalia, which took office in September last year, paving the way for the resumption... 

Bühler South Africa launches compact mobile maize-milling plant

Food processing plant and equipment supplier Bühler South Africa on Friday launched its 2 t/h mobile Isigayo compact mill, aimed at tackling government’s mandate of developing the small-scale... 

Afrimat makes offer to remaining Infrasors investors

JSE-listed construction materials supplier Afrimat has offered remaining shareholders of South African resources group Infrasors 35c a share to acquire their shareholding in the company, the same... 

Africa’s focus on ‘new’ infrastructure contributing to maintenance deficit

The emphasis on building new infrastructure in South Africa, as well as the rest of Africa, was to the detriment of the continent’s existing infrastructure, creating a maintenance deficit,... 

Randgold ‘rapidly advancing’ growth projects – Bristow

JOHANNESBURG (miningweekly.com) – Africa-focused miner Randgold Resources is rapidly advancing its further growth projects and examining new joint-venture opportunities, CE Mark Bristow said on... 

Cutifani says he’ll initially focus on value creation

JOHANNESBURG (miningweekly.com) – Diversified miner Anglo American’s new CEO Mark Cutifani has indicated that his initial focus would be to find ways to improve value creation within the company.... 

Third licence added to Botswana Diamonds/Morminas agreement

Aim-listed Botswana Diamonds on Thursday said a third license block would now be evaluated on the Save river, in Mozambique, as part of its recently signed option agreement with a Mozambican... 

SA mining output up 7% y/y in February, reflecting low 2012 base

Mining production in South Africa increased in February, growing 7% year-on-year, following the downwardly revised 6.7% growth in January, Statistics South Africa’s (Stats SA’s) preliminary... 

Sable Platinum buys 4% stake in Global Initiatives for $4m

Platinum exploration company Sable Platinum on Thursday said it had entered into an agreement to acquire a 4% equity interest in Botswana-based mining company Global Initiatives for $4-million. In... 

Zondereinde strike persists despite interdict

Striking rock drill operators at JSE-listed Northam Platinum’s Zondereinde mine have still not returned to work, despite being served with an interdict issued by the Labour Court, which ruled that... 

DiamondCorp finalises funding package for Lace mine

Southern African diamond development and exploration company DiamondCorp has finalised the £23-million finance package for the 47-level block cave development at its Lace mine, in the Free State....