Fura to expand its Mozambique ruby holdings; considering an LSE listing

TSX-V-listed gemstone producer Fura Gems has entered into an agreement to acquire an interest in nine ruby assets in Mozambique from ASX-listed Mustang Resources and Regius Resources Group for... 

Kodal reports positive assay results from Mali projects

Aim-listed Kodal Minerals has reported encouraging assay results from its Mali-based Boumou, Ngoualana and Sogola-Baoule prospect. The lithium mineral exploration and development company said in a... 

. . . but SA’s share of FDI has diminished

South Africa needs to improve its governance and regulatory transparency to attract more foreign direct investment (FDI), says AT Kearney global business policy council chairperson Paul Laudicina.... 

Ford appoints new MD for South Africa

Neale Hill has been appointed MD of Ford South Africa and sub-Saharan Africa, effective July 1. He succeeds outgoing MD Casper Kruger. 

Metair considers debt funding options for proposed TAB acquisition

JSE-listed Metair and its advisers are assessing the most effective and efficient debt funding alternatives for settling the proposed €300-million purchase price for Tovarna Akumulatorskih Baterij... 

Warning that dreams of young people are ‘going to waste’

The Human Resource Development Council (HRDC) should be able to contribute meaningfully in answering why South Africa’s unemployment rate remains stubbornly high, at 27.7%, Deputy President David... 

Exxaro goes digital at new Mpumalanga coal mine

Diversified resources company Exxaro Resources on Thursday broke ground on its R3.3-billion “smart” Belfast mine, in Mpumalanga. The mine is the first of its kind in South Africa and will have a... 

Arid cities urged to adopt climate-responsive design solutions

A new research report by multinational professional services firm Arup highlights the need for cities in arid and semi-arid climates, like Cape Town, to not only manage their scarce water resources... 

Cost competitiveness key for a thriving energy sector

The number of power projects across Africa and South Africa has grown in the last few years and has given rise to many opportunities, but also challenges, Trade and Industrial Policy Strategies... 

Govt points to auto, textiles sectors as signs of manufacturing hope

South Africa has the potential to revive, remould and expand its manufacturing sector through partnerships between industry and government, Department of Trade and Industry deputy director general... 

Automotive sector encouraged to embrace Fourth Industrial Revolution

The automotive industry is undergoing tremendous transformation and change and there are various challenges that need to be addressed within South Africa’s automotive industry, African Innovators... 

Atterbury signs first tenant for Randport industrial development

Contact lens manufacturer CooperVision will become the first tenant at JSE-listed Atterbury’s R850-million Randport industrial development, in Gosforth Park, Germiston, Ekurhuleni.   

Exxaro goes digital at new Mpumalanga coal mine

Diversified resources company Exxaro Resources on Thursday broke ground on its R3.3-billion “smart” Belfast mine, in Mpumalanga. The mine is the first of its kind in South Africa and will have a... 

Eskom denies reports of debt restructuring

State-owned Eskom says recent media reports suggesting the company plans to restructure or extend its debt are not true. Various media outlets have reported that the utility is considering asking... 

SARB launches coins, banknotes that honour Madiba

The South African Reserve Bank (SARB) has launched a public awareness campaign to introduce South Africans to a commemorative series of banknotes and a R5 circulation coin which honour the birth... 

KLT’s community partnerships in South Africa recipe for meeting global production standard

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... 

More than R650m budgeted to prepare Gauteng land for expropriation

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... 

Digitisation key for mining industry to remain relevant

For the mining industry to remain relevant in the future, there has to be a culture shift to embrace technology, AEL Technical and Compliance Executive Dirk van Soelen said at the AEL WEETR... 

Digitisation key to sustainable mining industry

 The mining industry is at an inflection point and on the cusp of profound change, Australian mining futurist Gavin Yeates told delegates at the AEL Workshop for Explosives Engineers and Technical... 

FDI in South Africa declining

South Africa needs to improve its governance and regulatory transparency to attract more foreign direct investment (FDI), says AT Kearney global business policy council chairperson Paul Laudicina.... 

Rockwell unable to file financial year-end results by required deadline

JSE-listed Rockwell Diamonds will not be able to file audited versions of its annual financial statements for the year ended February 28, by the required deadline of June 30, the company said in a... 

Amplats to report higher H1 earnings

Anglo American Platinum (Amplats) expects its headline earnings and headline earnings a share for the six months ended June 30, to be R150-million, or 57c a share, higher than that reported for the... 

Feasibility study on Western Cape rare earths mine to be completed in 6 to 12 months

The Steenkampskraal rare earths mine, owned by developer Steenkampskraal Holdings, in the Western Cape, is aiming to be a building block in a global rare earths supply chain independent of China.... 

Attacq continues to develop Waterfall City precinct

Construction and development of JSE-listed Attacq’s Waterfall City is ongoing, with new infrastructure including roads, residential properties and warehouses continuously in the pipeline. During a... 

Feasibility study on Western Cape rare earths mine to be completed in 6 to 12 months

The Steenkampskraal rare earths mine, owned by developer Steenkampskraal Holdings, in the Western Cape, is aiming to be a building block in a global rare earths supply chain independent of China.... 

Mining, manufacturing sectors urged to focus on local content

There is a close relationship between mining and manufacturing, especially in terms of the equipment that is manufactured and supplied to the mining industry, Manufacturing Circle executive... 

Polymetal to recruit new chair

LSE-listed Polymetal International will start a recruitment process to appoint a successor to chairperson Bobby Godsell as part of its board succession programme. MLS De Sousa-Oliveira will replace... 

Transnet prepares for annual coal line shutdown

Plans are at an advanced stage for State-owned Transnet Freight Rail to embark on its annual shutdown of the coal export line, which is scheduled to take place from July 2 to 11. “The shutdown is... 

WGC report a first step in understanding gold’s GHG footprint

While there is limited published data on gold’s global carbon footprint, research by the World Gold Council (WGC) has determined that total greenhouse-gas (GHG) emissions from newly-mined gold are... 

Omnia lifts FY18 profit by 12% y/y

JSE-listed Omnia Holdings posted positive results for the financial year ended March 31, with group revenue having increased by 7% year-on-year to R17.37-billion, as a result of a stronger... 

Ford appoints new MD for South Africa

Neale Hill has been appointed MD of Ford South Africa and sub-Saharan Africa, effective July 1. He succeeds outgoing MD Casper Kruger. 

Arc sells holding in noncore Andiamo

Aim-listed Arc Minerals has sold its interest in Andiamo Minerals to Africa-focused mining private equity group AMED Funds for $532 000. Arc chairperson Nick von Schirnding said in a statement on... 

EPP on solid growth path with strong Q1 operational performance

JSE-listed Polish property company EPP successfully bought the first tranche of the M1 portfolio, comprising four properties in sought after regions, adding 194 000 m² in gross lettable area (GLA)... 

Global steel production rises 6.6% y/y in May

Global crude steel production increased by 6.6% year-on-year to 154.9-million tonnes in May, the World Steel Association (worldsteel) reported on Monday. China’s crude steel production increased by... 

Metair considers debt funding options for proposed TAB acquisition

JSE-listed Metair and its advisers are assessing the most effective and efficient debt funding alternatives for settling the proposed €300-million purchase price for Tovarna Akumulatorskih Baterij... 

PIC increases shareholding in M&R to 20.41%

Engineering and construction group Murray and Roberts (M&R) on Monday reported that the Public investment Corporation (PIC) has increased its beneficial shareholding in the company from 19.96% to... 

Ascendis to sell noncore assets in South Africa

South African healthcare provider Ascendis Health plans to dispose of smaller local noncore businesses as part of a strategic review aimed at improving cash generation and enhancing profitability.... 

Kibo proposes name change as it intensifies focus on energy projects

Dual-listed Kibo Mining is seeking shareholder approval to change the name of the company to Kibo Energy. The company said in a statement on Monday that the proposed name change was part of a... 

PTM’s continued listing plan accepted by the NYSE

The NYSE has accepted Platinum Group Metals’ (PTM’s) plan to regain compliance with the continued listing requirements of the stock exchange. The company is not currently in compliance with NYSE... 

Ghana approves Gold Fields, Asanko JV

The Ghanaian government has granted regulatory approval for the completion of Gold Fields’ joint venture (JV) with Canada-based Asanko Gold. Gold Fields and Asanko announced in March that the...