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Anine Kilian

Anine Kilian

Anine Kilian is a Creamer Media Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Sitatunga Resources hopes to create jobs at newly acquired colliery

8th August 2018 Exploration and mining project development company Sitatunga Resources, which has bought Wescoal’s coal assets near Newcastle, KwaZulu-Natal, believes its investment in the Braakfontein Colliery will create much-needed jobs in the area. Braakfontein Colliery is an advanced-stage exploration... 

GCIS, Busa launch anticorruption pledge campaign

8th August 2018 The Government Communication and Information System (GCIS) has, in partnership with Business Unity South Africa (Busa), launched the Anti-Corruption #ThumaMina pledge campaign. 

M&R withdraws Aveng merger proposal

8th August 2018 JSE-listed Murray & Roberts (M&R) on Wednesday announced that it had withdrawn its proposal for a potential merger with Aveng. The company announced last week that it was reviewing a decision by the Takeover Special Committee (TSC) to overturn a June decision by the Takeover Regulation Panel that... 

ARC to acquire 100% of TymeDigital

8th August 2018 African Rainbow Capital (ARC), led by chairperson Patrice Motsepe, has reached an agreement to acquire, through its 50.1% held subsidiary, ARC Financial Holding Company (FinHoldCo), 90% of TymeDigital by Commonwealth Bank, for an undisclosed consideration. When concluded, FinHoldCo will own 100%... 

Wescoal to dispose of LBC assets

7th August 2018 JSE-listed Wescoal has, through its wholly-owned subsidiary, Leeuw Braakfontein Colliery (LBC), entered into a sale of assets with Sitatunga Resources in terms of which LBC will dispose of its LBC assets in KwaZulu-Natal. The total consideration for the disposal is R103-million and will be paid... 

AMCU threatens strike action at Implats over planned job cuts

7th August 2018 The Association of Mineworkers and Construction Union (AMCU) has threatened industrial strike action at Impala Platinum (Implats) if talks with the company over its plans to cut 13 000 jobs and shut down five mines are not successful. Implats announced last week that it would cut its workforce by... 

Kabwe project on track despite cancellation of BMR’s share trading

3rd August 2018 The cancellation of admission to trading on Aim of BMR’s shares does not impact the execution of the Kabwe project, Jubilee Metals said on Friday.   BMR and Jubilee have entered into discussions, with Jubilee having offered to fully fund the completion of the Kabwe project against an immediate... 

Managem seeks additional 30% of Avocet's Tri-K project

3rd August 2018 Aim-listed Avocet is assessing whether the conditions for the second closing of its Tri-K transaction with Managem have been met. Avocet announced in October 2016 that it had entered into an agreement with Managem for Managem to ultimately earn a 70% interest in the Tri-K gold project, in Guinea,... 

Gemfields sells 90% of emeralds on offer at latest auction

3rd August 2018 Gemfields’ latest auction, comprising predominantly commercial quality rough emeralds, generated revenues of $10.89-million, with an overall average value of $4.21/ct achieved. The auction was held in Lusaka, Zambia, from July 30 to August 2. 

Globeleq acquires Brookfield’s South African renewables portfolio

3rd August 2018 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 to various closing conditions and, once fulfilled, will give Globeleq a majority shareholding in six... 

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