Gold miners form working group to seek solution to occupational lung disease

Mining companies Anglo American South Africa, AngloGold Ashanti, Gold Fields, Harmony Gold and Sibanye Gold on Tuesday announced that they had formed an industry working group to tackle issues... 

BCX reports higher full-year profit

JSE-listed Business Connexion (BCX) on Tuesday reported a profit of R301-million for the financial year ended August 31, up from R233-million in the prior financial year. This translated into an... 

Eskom UCG commercialisation date ‘slips’ amid permitting delays

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

Gulfstream, Tipublox create new company to deliver Transnet fuel

Petroleum products supplier Gulfstream Energy and independent wholesaler Tipublox Petroleum have formed a new company G&T Tsela to focus on logistics within the South African fuel industry.... 

Mining equipment market recovery expected from 2016 onwards – Barloworld

JSE-listed Barloworld delivered a solid performance in the year ended September 30, with headline earnings a share from continuing operations having increased by 10% to 857c, CE Clive Thomson... 

International sugar price still depressed – Imara

The international sugar price remained depressed over the past year, with high month-on-month volatility, Imara Africa Securities (IAS) said in its 2014 sub-Saharan Africa (SSA) Sugar Sector... 

Atlatsa delivers record Q3 performance

Platinum miner Atlatsa Resources achieved record quarterly performance in the three months ended September 30, narrowing its net loss by 96.4% year-on-year to C$560 000 from C$15.45-million in the... 

Anglo Zimele countrywide roadshow to launch November 19

Mining major Anglo American’s enterprise development arm Zimele would, next week, launch the first leg of its countrywide roadshow aimed at showcasing the Zimele Sebenza Fund, which provided equity... 

Sisulu presses Transnet for pledge of unused land for housing developments

Human Settlements Minister Lindiwe Sisulu on Friday at a business breakfast, in Sandton, put pressure on State-owned freight and logistics company Transnet to pledge its unused land to be... 

‘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... 

Affordability, cooperation key to housing development

Affordability was the key issue facing South Africa in terms of human settlements and housing development, South African Affordable Residential Developers Association committee member and Basil... 

Sanral commits to enviro-friendly development

The South African National Roads Agency Limited (Sanral) is committed to environment-friendly development but is faced with a number of challenges, which it is striving to overcome through various... 

First Parkhurst homes go live on Vumatel fibre-to-the-home network

Telecommunications start-up Vumatel announced late last month that the first homes in Parkhurst, Johannesburg, had gone live on its fibre-to-the-home (FTTH) network, providing residents with... 

Time for Africa to increase its contribution to space economy

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... 

Wescoal to be a vastly different company by end of FY, H1 profit up

JOHANNESBURG (miningweekly.com) – Junior coal miner and supplier Wescoal would be a vastly different company at the end of the current financial year as new developments came on stream, Wescoal CEO... 

Harmony narrows Q1 2015 loss

JOHANNESBURG (miningweekly.com) – Gold miner Harmony Gold narrowed its losses by 78% quarter-on-quarter to R226-million, on the back of higher production, in the first quarter of the company's 2015... 

$70m investment to increase Blanket mine’s output by up to 75 000 oz by 2021

JOHANNESBURG (miningweekly.com) – Increased investment in triple-listed Caledonia Mining’s 49%-owned Blanket mine, in Zimbabwe, as set out in the mine’s revised plan, was expected to give rise to... 

Solidarity, NUM sign agreements with Sibanye to soften job cuts

Trade union Solidarity on Thursday announced that it had signed a cooperation agreement with gold producer Sibanye Gold to limit the impact of job cuts at the company’s Cooke 4 shaft, on the West... 

Stellar targeting 2 000 ct/m from Baoulé in 2015

Aim-listed Stellar Diamonds aims to increase its production at its Baoulé kimberlite project, in Guinea, to 2 000 ct/m during 2015, Stellar CE Karl Smithson said on Thursday. He noted that the... 

Ipsa CEO dies

Independent power producer Ipsa on Thursday announced the sudden death of its CEO Phil Metcalf. Ipsa said former CEO Peter Earl had agreed to take on the role of acting CEO in the interim. 

Caledonia Q3 profit down on lower Blanket production

TSX- and Aim-listed Caledonia Mining on Thursday reported reduced profit for the three months and nine months ended September 30 on the back of lower-than-expected gold production at its Blanket... 

Amec, Foster Wheeler merge to create £5.5bn company

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... 

Stefanutti confident about collusion case, reports improved H1 performance

JSE-listed construction company Stefanutti Stocks was confident that it would suffer no further financial exposure as a result of the Competition Commission’s case of collusive tendering that has... 

September mining production up 5.3%

South African mining production increased by 5.3% year-on-year in September, the latest data from Statistics South Africa (Stats SA) has shown. Stats SA on Thursday said the main contributors to... 

Dipula grows distributable income, outperforms guidance

Real estate investment trust Dipula Income Fund increased its distributable earnings by 16% year-on-year to R249.12-million during the year ended August 31, translating into a 7.2% growth in... 

Construction starts on 4.5 MW FS hydropower plant, Aurecon awarded EPCM contract

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 says Westinghouse withdraws urgent High Court application

Power utility Eskom on Tuesday said Westinghouse Electric Belgium had withdrawn its urgent High Court application, which charged the utility with contempt of court, owing to what it said was... 

Centamin Q3 gold production up 15%

Dual-listed Centamin increased its gold production by 15% quarter-on-quarter and 10% year-on-year to 93 624 oz in the three months ended September 30. "The ramp-up in productivity from the process... 

BCX expects higher full-year EPS, lower HEPS

JSE-listed Business Connexion (BCX) on Tuesday said it expected its earnings per share (EPS) for the year ended August 31, to be between 38.7% and 49.9% higher than that of the prior year. Headline... 

Platinum exchange could benefit SA economy, advance beneficiation objectives

If South Africa was serious about platinum beneficiation it had no choice but to put in place a platinum exchange, investment company Pan-African Capital Holdings CE Dr Iraj Abedian said on... 

Arrowhead reports 17.9% full-year distribution growth

JSE-listed real estate investment trust (REIT) Arrowhead Properties achieved distribution growth of 17.9% to 113.24c per combined A and B unit for the financial year ended September 30. Arrowhead’s... 

Nedbank takes stake in R450m Alberton value centre

Banking group Nedbank’s corporate property finance division has entered into a partnership with Rejem Property Development and Moolman group company Style Star Investments for the development of... 

Firestone raises $5m for Waterberg coal project development

Coal developer Firestone Energy on Monday announced that it had raised $5-million through the issue of convertible notes to advance the development of its Waterberg coal project, in Limpopo. The... 

Rukwa power plant PFS to be completed early Dec

The prefeasibility study (PFS) for Tanzania-focused Kibo Mining’s planned 300 MW power plant at its Rukwa coal-to-power project (RCPP), in Tanzania, would start immediately, with the full study to... 

Vodacom H1 HEPS down 5.5%, medium-term Ebitda guidance revised downwards

Telecommunications group Vodacom on Monday reported a 5.5% decline in headline earnings a share to 415c for the six months ended September 30, mainly owing to the mobile termination rate (MTR)... 

ABG shareholders to vote on name change

Gold miner African Barrick Gold (ABG) has scheduled a general meeting for November 26 during which shareholders would consider and potentially approve changing the company’s name to Acacia Mining.... 

Transnet advances railway safety with new technology

Freight and logistics company Transnet on Friday unveiled its new automated, level-crossing traffic-control mechanism, which would improve railway safety by making it impossible for a vehicle to go... 

Richards Bay, Dube TradePort IDZs on growth path

The Richards Bay industrial development zone (IDZ) and the Dube TradePort IDZ, which was opened last month, were steadily expanding and growing support for KwaZulu-Natal’s manufacturing sector.... 

PPC vote set for Dec 8, company maintains Gordhan should not be reinstated

Cement producer PPC would has set December 8 for holding a general meeting to consider the proposed removal of the entire board of the company, as well as the proposed election to the board of... 

Mining starts as Tschudi project remains on track to deliver first copper in Q2 2015

Mining has started at Aim-listed Weatherly International’s Tschudi copper project, in Namibia, with the project on track to produce its first copper in the second quarter of next year. “In recent...