RSR says it won’t issue PRASA with safety permit

The Railway Safety Regulator (RSR) on Wednesday said the Passenger Rail Agency of South Africa (PRASA) was operating trains without a valid safety permit. PRASA’s safety permit, which was... 

Drilling progressing well at Arc’s Zamsort project

An 11 000 m drilling programme currently under way at Aim-listed Arc Minerals’ Kalaba prospect, in Zambia, is progressing well. The prospect is owned by Zamsort, which is developing a copper/gold... 

Cradle Arc buys back convertible loan notes

Aim-listed Cradle Arc plans to redeem all of its £1.28-million outstanding convertible loan notes for £1.59-million in cash, by way of staged and back-end weighted payments up to their scheduled... 

Report shows Cape Town is Africa’s tech capital

A report commissioned by the Cape Innovation and Technology Initiative (CiTi), Wesgro and the Allan Gray Orbis Foundation – with the support of the Western Cape government – has confirmed that the... 

Altron founder retires from board

Allied Electronics (Altron) founder Dr Bill Venter, will retire as nonexecutive director of the board, effective July 31. The board on Tuesday thanked Venter for the important and central role he... 

Huge Telecom appoints new FD

Robert Burger has been appointed FD of JSE-listed Huge Group subsidiary, Huge Telecom, effective August 1. He is a chartered accountant with 17 years of experience in the telecommunications... 

Gold Fields completes acquisition of stake in Asanko mine

JSE-listed Gold Fields has completed a joint venture (JV) transaction with Asanko Gold, giving it a 50% stake in Asanko’s 90% interest in the Asanko gold mine, in Ghana. “The closing of the... 

Sulphides intersected at Orion’s Rok Optel nickel/copper prospect

Semi-massive and injected-stringer sulphide veins have been intersected at Orion Minerals’ Rok Optel nickel/copper prospect, in the Areachap Belt, in the Northern Cape. The company noted in a... 

Equinox shareholders approve Solaris Copper spinout

Equinox Gold shareholders have voted in favour of a plan of arrangement for Equinox to transfer all of its copper assets into a newly incorporated company called Solaris Copper. The company will... 

Zambia remains a fast growing refined copper producer

Zambia remains one of the fastest-growing refined copper producers in the world, backed by strong  domestic smelting capacity, rising mining output and ongoing government support, says BMI Research.... 

Cairns Group Farm Leaders disappointed at new US agricultural subsidies

The Cairns Group Farm Leaders,  which comprises a group of farm organisations from various agricultural exporting countries, including South Africa, have expressed concern about the US... 

enX appoints new CFO

Jarrod Friedman has been appointed CFO and executive director of enX Group, effective September 1. Friedman served as CFO of enX from April 2013 to April 2016, following which he was appointed to... 

Sibanye in $500m streaming deal with Wheaton

JSE-listed Sibanye-Stillwater has raised $500-million in a streaming deal with Wheaton Precious Metals International. The agreement provides Sibanye-Stillwater with a long-term funding instrument... 

URU continues with exploration at Limpopo project

The successful completion of a two-stage six-hole drill programme completed in 2017 on URU Metals’ Limpopo-based Zebediela nickel/platinum group element (PGE) project has resulted in mineralised... 

Necsa, Rosatom subsidiary partner on nuclear medicine

The South African Nuclear Energy Corporation (Necsa) and Rusatom Healthcare, the healthcare division of Russian State-owned nuclear corporation Rosatom, on Thursday signed an agreement to cooperate... 

Private equity investment more than doubles in Southern Africa – Savca

The Southern African private equity industry invested R31.3-billion in 2017, which represents an increase of 102% on the R15.5-billion invested in the previous year and well above the yearly... 

RBPlat expects to report narrowed H1 losses

JSE-listed Royal Bafokeng Platinum (RBPlat) expects to report a loss a share of between 10.5c and 13.5c for the six months ended June 30, compared with a loss a share of 15c reported for the first... 

Eastplats continues to oppose litigation; VP of South African operations resigns

Anton Lubbe has resigned as VP of Eastern Platinum’s (Eastplats’) South African operations, effective August 31. The company said in a corporate update on Thursday that it would reorganise his... 

Harmony’s Hidden Valley mine reaches commercial production

JSE-listed Harmony Gold’s Hidden Valley operation, in Papua New Guinea reached commercial levels of production in June. “The investment in the Stage 5 and 6 cutback was delivered safely, on... 

AECI achieves strong H1 performance

JSE-listed AECI on Wednesday reported positive financial results for the six months ended June 30. Together with contributions from the acquisitions of Schirm and Much Asphalt in February and April... 

Transnet signs manganese capacity allocation contract with Assmang

State-owned Transnet has signed a seven-and-a-half-year Manganese Export Capacity Allocation (MECA2) contract with Assmang as part of its strategy to secure 95% of manganese volumes on rail. The... 

Minerals Council to launch national safety and health day campaign

In light of the growing number of fatalities in South African mines, the Minerals Council South Africa plans to launch a national campaign of Safety and Health Days in Mining, in mid-August. The... 

USAID launches water project to benefit Southern African communities

The United States Agency for International Development (USAID) has launched a five-year, $32.4-million project called Resilient Waters to address severe water challenges facing the Limpopo river... 

SA, Russia recommit to implementation of PGMs MoU

South Africa and Russia recommitted themselves to the continued implementation of the memorandum of understanding (MoU) on platinum group metals (PGMs), following the third yearly PGMs conference,... 

Karo officially launches Zimbabwe platinum project

Zimbabwe and platinum producer Karo Platinum on Tuesday officially launched the Karo platinum project, in Chegutu, Zimbabwe.  “We are excited about partnering with Zimbabwe and its people in... 

Norilsk says will continue litigation against Botswana govt

Russian nickel producer Norilsk Nickel on Tuesday said it would continue with the litigation against the Botswana government over the Nkomati and Tati facilities to recover around $277-million it... 

BMI raises thermal coal price forecast to $100/t

BMI has increased its thermal coal price forecast for this year to $100/t from $85/t previously as a result of tight supply from exporting countries and higher demand on the back of hot weather in... 

Sars postpones deadline for mandatory advance reporting of containerised cargo headed to South Africa

The South African Revenue Service (Sars) has postponed the introduction of mandatory advance reporting of containerised cargo destined for South African ports to November 1, from the previously set... 

Galileo to continue with drill programme at Star Zinc project

Aim-listed Galileo Resources will continue with a drilling programme at its 85%-owned Zambia-based Star Zinc project, after a positive study of the project was completed by Earthmaps Consulting.    

Keras Resources to undertake $1.5m test programme at Togo project

Aim-listed Keras Resources has been granted permission to undertake a $1.5-million bulk sampling metallurgical test work programme at its Nayega manganese project, in northern Togo. The company on... 

China–South Africa investment continues to grow

Trade and investment between China and South Africa remains on a positive growth trajectory, Standard Bank CEO Sim Tshabalala said on Monday. Addressing delegates at a media briefing marking the... 

Components firm invests heavily in skills to meet global production standards

India-based automotive component manufacturer KLT Automotive and Tubular Products South Africa plans to add 1 000 people to its 900-strong work force in the next eight years. The company has a... 

Gauteng moves to identify land for expropriation sans compensation

The Department of Human Settlements has budgeted more than R650-million to prepare identified portions of land in Gauteng for expropriation without compensation. Human Settlements MEC Dikgang Uhuru... 

URU continues with exploration at Limpopo project

The successful completion of a two-stage six-hole drill programme completed in 2017 on URU Metals’ Limpopo-based Zebediela nickel/platinum group element (PGE) project has resulted in mineralised... 

Shanta continues drilling programme in Tanzania

Aim-listed Shanta Gold has drilled four new high-grade intersections as part of the Phase 1 drilling campaign at its Tanzania-based Bauhinia Creek East underground mine.    The new high-grade... 

Vukile raises R1.63bn, acquires new properties in Spain

JSE-listed Vukile Property Fund, which is expanding its presence in Spain, has raised about R1.63-billion through the issue of new shares. Of the total, R1.38-billion was raised through an... 

Calgro M3 expands Memorial Parks business

JSE-listed property and property related investment holding company Calgro M3 has expanded its Memorial Parks business to two more provinces – the Western Cape and the Free State. This increases... 

Globeleq acquires Brookfield’s South African renewables portfolio

Globeleq has entered into an agreement with an affiliate of Brookfield Asset Management to acquire Brookfield’s interest in its South African renewable energy portfolio.   The agreement is subject... 

Africa’s energy industry facing disruption

Africa’s energy industry is not declining, but it is being disrupted, says GE gas power systems anglophone Africa sales MD Nosizwe Dlengezele. Addressing media at a briefing, in Johannesburg, on... 

Sibanye enters into $500m streaming deal with Wheaton International

JSE-listed Sibanye-Stillwater has raised $500-million in a streaming deal with Wheaton Precious Metals International. The agreement provides Sibanye-Stillwater with a long-term funding instrument...