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Nadine James

Nadine James

Nadine James is a Features Deputy Editor for Engineering News

By Nadine James

WIN WIN
Auctions can assist with local enterprise development and are an efficient way of generating capital for sellers

Auctions an efficient way to generate cash, reduce costs

1st March 2019

The term mining auction refers to a range of disposals in the mining sector, including the disposal of scrap and/or surplus yellow equipment, assets from business rescue and/or liquidation, and the... 


State-owned AEMFC awarded PCF bid to the tune of R1bn

1st March 2019

A consortium led by State-owned mining company African Exploration Mining and Finance Corporation (AEMFC) has been awarded the post-commencement funding (PCF) bid for Optimum Coal and its... 


WIN WIN
Auctions can assist with local enterprise development and are an efficient way of generating capital for sellers

Auctions an efficient way to generate cash, reduce costs

1st March 2019

The term mining auction refers to a range of disposals in the mining sector, including the disposal of scrap and/or surplus yellow equipment, assets from business rescue and/or liquidation, and the... 


Kimberley Process must grasp opportunity to correct limitations – WDC president

28th February 2019

As this is the final year of the Kimberley Process’ (KP’s) three-year review, the organisation must grasp the opportunity to correct failings in the system designed to prevent conflict diamonds... 


Ncondezi inches closer to concluding Tete JDA

28th February 2019

Aim-listed Ncondezi Energy on Thursday announced that the process to conclude a binding joint development agreement (JDA) for its 300 MW integrated power and coal mine project, in Tete, Mozambique,... 


Phase 1 drilling at Thorny River completed, bulk sampling expected in Q2

28th February 2019

Aim- and Botswana Stock Exchange-listed Botswana Diamonds on Thursday announced that the first phase of the intensification drilling programme at its Thorny River prospect, in South Africa, has... 


Solid operational performance lifts Shanta’s FY18 operating profit by 75%

28th February 2019

Aim-listed East Africa-focused gold producer Shanta Gold on Thursday announced strong financial and operational results for the year ended December 31, 2018. The results focussed on the performance... 


Cell C COO steps in as interim CEO

28th February 2019

Telecommunications company Cell C on Thursday announced the appointment of COO Douglas Craigie Stevenson as interim CEO, effective March 1. He will hold the position until a permanent appointment... 


Nzimande outlines Sanral projects that will benefit from R3.5bn stimulus package

26th February 2019

Transport Minster Blade Nzimande on Tuesday revealed that the R3.5-billion set aside for transport under the Economic Stimulus and Recovery Plan would be used to supplement funding in three key... 


UPWARD TRAJECTORY Mining companies are expected to leverage increased competition between independent power producers for more cost-effective hybrid solutions

Cost benefits to boost mines' adoption of renewable hybrids

22nd February 2019

As various projects have demonstrated the value of renewables for reducing diesel, heavy fuel oil (HFO) and gas consumption, mining companies could now benefit from a significant cost reduction... 


Linhleko Projects, FLSmidth partner to boost Waterval chrome production by 20%

21st February 2019

Black-owned fabrication and mining installations company Linhleko Projects this week officially launched its cooperation agreement with FLSmidth – a 50/50 profit sharing agreement in which Linhleko... 


COBUS LOOTS

Pan African H1 revenue up 52.8% y/y to R1.3bn

20th February 2019

Gold miner Pan African Resources achieved a 52.8% year-on-year increase in revenue for the six months to December 31, 2018, to R1.3-billion. CEO Cobus Loots on Wednesday attributed the higher... 


From left to right are: Lurco Group COO and co-founder Aubrey Chauke; Lurco Group business development, marketing and capital raising head Lee Stokes; Lurco Group commercial head Richard MacDonald; Lurco Group consultant Errol Salkinder; Ukwazi MD Jaco Lotheringen; the BRP's lead lawyer Bouwer van Niekerk; Optimum BRP Chris Monyela; BRP officer Devon Brikkels; Lurco Group CEO and co-founder Ellington Nxumalo; Optimum senior BRP Juanito Damon; Optimum senior BRP Louis Kloppers; AEMFC legal counsel Nkhangweni Ndou; and Lurco Group legal counsel Khanyi Zungu

State-owned AEMFC awarded PCF bid to the tune of R1bn

20th February 2019

A consortium led by State-owned mining company African Exploration Mining and Finance Corporation (AEMFC) has been awarded the post-commencement funding (PCF) bid for Optimum Coal and its... 


Retrenchments at South32’s Hillside smelter could affect up to 500 jobs – Solidarity

19th February 2019

Trade union Solidarity on Tuesday said it had received a retrenchment notice from South32’s Hillside aluminium smelter, in Richards Bay. The trade union stated that the retrenchment process could... 


M&R expects significant improvement in interim HEPS

19th February 2019

JSE-listed engineering group Murray & Roberts (M&R) expects a significant improvement in total earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended December 31.... 


Clough set to acquire Saulsbury’s oil and gas unit, EPC portfolio

19th February 2019

Murray & Roberts (M&R) subsidiary Clough will acquire Houston-based engineering, procurement and construction (EPC) contractor Saulsbury’s Gulf Coast downstream and chemical business unit, as well... 


Balwin Rentals to acquire 4 544 rental apartments

19th February 2019

JSE-listed Balwin Properties’ subsidiary Balwin Rentals has secured a right of first refusal to acquire 4 544 rental apartments that will be developed by Balwin. The developments are Greenpark,... 


Ivor and Eric Ichikowitz

Paramount secures armoured vehicle contract with UAE

19th February 2019

South African defence and aerospace company Paramount Group has secured a contract with the United Arab Emirates (UAE) for its next generation armoured personnel carrier – Mbombe 4, which was... 


Armadale signs MoU with potential buyer of Mahenge Liandu graphite

19th February 2019

Aim-listed Africa-focused mining investment company Armadale Capital has signed a memorandum of understanding (MoU) for a proposed offtake agreement with Chinese graphite mining and processing... 


Platreef weighted basket price reaches three-year high – Ivanhoe

19th February 2019

Ivanhoe Mines co-chairpersons Robert Friedland and Yufeng Sun, as well as Ivanplats MD Dr Patricia Makhesha, on Monday announced that the weighted basket price of the metals contained in the... 


Yamana forecasts stable-to-positive production growth to 2020

15th February 2019

TSX-listed Yamana Gold expects stable-to-positive production growth, with gold and silver output forecast to increase to 955 000 oz and 12-million ounces, respectively, by 2020. In the... 


Weaker prices hit Silvercorp Q3 performance

15th February 2019

TSX-listed Silvercorp Metals, which owns and operates mines in China, on Thursday reported a net income of $8.7-million for the third quarter ended December 31 – representing a 31% year-on-year... 


PRETENSE OF GROWTH 
While there are several small-scale once-off construction projects, state-sanctioned, large-scale infrastructure projects, the lifeblood of the civil engineering and construction sector, have declined

Hostile construction environment to persist until infrastructure spend recovers

15th February 2019

Construction is a depressing place to be at the moment, says Hogan Lovells partner and construction head Clive Rumsey, citing the lack of large infrastructure projects, deriving from lacklustre... 


PRETENSE OF GROWTH 
While there are several small-scale once-off construction projects, state-sanctioned, large-scale infrastructure projects, the lifeblood of the civil engineering and construction sector, have declined

Hostile construction environment to persist until infrastructure spend recovers

15th February 2019

Construction is a depressing place to be at the moment, says Hogan Lovells partner and construction head Clive Rumsey, citing the lack of large infrastructure projects, deriving from lacklustre... 


Department of Mineral Resources representative Xolile Mbonambi

Local manufacturers to benefit from Mining Charter 3's implementation

14th February 2019

Mining Charter 3 and its Implementation Guidelines have created an environment where it is possible for local manufacturers to leverage procurement capacity to drive transformation, Department of... 


Semafo forecasts 68% production increase for 2019

8th February 2019

TSX-listed West Africa-focused gold miner Semafo produced 244 600 oz of gold at its Boungou and Mana mines, in Burkina Faso, in 2018 – in line with its guidance of producing 235 000 oz to 265 000... 


Ben Magara

Lonmin’s Q1 results show improved liquidity despite relatively poor performance

8th February 2019

Platinum miner Lonmin on Friday released its unaudited first-quarter production results for the three months ended December 31, 2018, stating that its relatively poor operational performance had... 


Sasol expects higher H1 earnings, but warns of Lake Charles cost increase

8th February 2019

Chemicals and energy company Sasol expects to report earnings per share (EPS) and headline earnings per share (HEPS) of between R23.71 and R24.16 and between R22.97 and R23.68, respectively, for... 


Katoro issues shares to settle fees, creates option for management

8th February 2019

Aim-listed Tanzania-focused gold exploration company Katoro Gold on Friday announced the issue of options to its board of directors and the company’s management, as well as the settlement of... 


Brimstone second-guesses Clover deal following BDS outcry

7th February 2019

JSE-listed Brimstone Investment Corporation is reviewing its participation in the proposed buyout of Clover Industries, following an outcry by human rights and Palestine solidarity organisation BDS... 


Dr Popo Molefe

Transnet, Botswana Rail seek to unlock Botswana’s coal reserves

7th February 2019

State-owned Transnet and Botswana Railways have resuscitated discussions on the construction of a proposed heavy-haul railway line that will link the two countries to “unlock” Botswana’s estimated... 


Indiana Resources enters into JV with Altus for majority stake in Mali gold projects

7th February 2019

Aim-listed exploration company Altus Strategies on Thursday announced that it has signed a nonbinding term sheet for a joint venture (JV) with ASX-listed Indiana Resources. Subject to entering into... 


Sturrock dry dock

New floating caisson to improve productivity at Cape Town dry dock

7th February 2019

A new, R98-million floating caisson is to be fabricated for the Sturrock Dry Dock in the Port of Cape Town, which will enable one of the biggest dry dock facilities in the Southern Hemisphere to... 


Nordgold’s new Lefa mining permit effective from March 21

7th February 2019

Aim-listed gold producer Nordgold announced on Thursday that a new mining permit for its Lefa mine – one of Guinea’s largest gold producing mines – will be effective from March 21. The permit, as... 


Letšeng delivered record number of large diamonds for Gem in 2018

7th February 2019

Relatively stable carat recovery and sales contributed to a strong performance for LSE-listed Gem Diamonds in the fourth quarter ended December 31. Gem on Thursday reported that it had recovered... 


Brulpadda drilling rig

Total makes significant discovery off South Africa’s southern coast

7th February 2019

Petroleum company Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, the company announced on Thursday. Located 175... 


South Africa's Foreign Economic Representative in Germany Jacob Moatshe

South African exporters urged to exploit Germany’s new Africa-specific initiatives

7th February 2019

South African exporters should take advantage of new German initiatives on Africa, as they are geared towards stimulating business, trade and economic development, South Africa’s Foreign Economic... 


Mboweni appoints panel to assist in appointment of Sars commissioner

7th February 2019

Finance Minister Tito Mboweni has appointed a panel to interview and recommend a shortlist of potential candidates for the position of the Commissioner of the South African Revenue Service (Sars).... 


Northam achieves record H1 operating profit, R5bn in revenue

7th February 2019

Northam, in an operational update released on Thursday, announced that it expects to report a record operating profit of R1-billion for the six months ended December 31, 2018. Its operating profit... 


ELIKHULU PLANT

Pan African’s low-cost Elikhulu exceeding expectations

1st February 2019

Pan African Resources’ Elikhulu operation, in Evander, Mpumalanga is achieving a better-than-expected production performance, CEO Cobus Loots noted during an investor and media tour at the... 


Natural diamond industry performing well despite less positive narrative

Natural diamond industry performing well despite less positive narrative

1st February 2019

Based on diamond miner equities, sentiment surrounding the diamond industry is currently at a historically low level, says diamond analyst Paul Zimnisky. However, global diamond jewellery sales... 


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