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Idéle Esterhuizen

Idéle Esterhuizen

By Idéle Esterhuizen

Mponeng mine

AngloGold workers return to work after brief strike

22nd April 2013

All workers who participated in a work stoppage at Africa-focused AngloGold’s Mponeng and Moab Khotsong mines on Saturday, resumed work on Sunday evening, spokesperson Alan Fine has indicated.... 


Edenville raises over £100 000 through share subscription

Edenville raises over £100 000 through share subscription

22nd April 2013

As part of the Equity Finance Facility (EFF) it announced in March, coal focused African energy exploration and development company Edenville Energy on Monday has raised £106 895 through a... 


Auction generates $15.2m revenue for Gemfields

Auction generates $15.2m revenue for Gemfields

22nd April 2013

Aim-listed Gemfields sold 6.3-million carats of predominantly lower quality rough emeralds and beryl extracted from its Zambia-based Kagem mine, last week, generating $15.2-million in revenue. The... 


Crocodile River Mine

Eastplats suspends Crocodile River funding

22nd April 2013

Canada-based platinum miner Eastern Platinum (Eastplats) on Monday said it would suspend funding for its South African Crocodile River mine (CRM) development plan, owing to the continuing negative... 


Gill Marcus

SA trade still recovering, dragged down by world economy, mine strikes – Marcus

19th April 2013

Despite a marked improvement in South Africa’s terms of trade since 2010, the country’s exports has seen a slow recovery, weighed down by lagging global recovery and widespread stoppages in the... 


AfDB launches African infrastructure finance report

19th April 2013

The African Development Bank (AfDB) on Friday launched its Structured Finance – Conditions for infrastructure project bonds in African markets report at the International Monetary Fund–World Bank... 


DRC copper export ban will have no real impact on operations – Tiger

DRC copper export ban will have no real impact on operations – Tiger

19th April 2013

Toronto- and Sydney-listed Tiger Resources on Friday said there will be no material impact on its operations or the continued sale of copper concentrate from its Kipoi copper mine, in the Katanga... 


Anglo American Q1 metallurgical coal, copper output up

Anglo American Q1 metallurgical coal, copper output up

19th April 2013

Diversified miner Anglo American’s metallurgical coal production reached a record 7.2-million tons for the quarter ended March 31, 2013, with export metallurgical coal production having increased... 


Sishen Mine

Kumba Q1 output up 15%

19th April 2013

JSE-listed Kumba Iron Ore’s output for the quarter ended March 31 was 15% higher quarter-on-quarter at 10.34-million tons, owing to improved production at its Sishen mine and good performance at... 


South Africa should look to tap power from big Moz gas finds

19th April 2013

Gas would form a key part of South Africa’s future power generation mix, with the focus to fall on liquefied natural gas (LNG) in the short term and on shale gas in the long term, Standard Bank... 


Umgeni Water seeks contractor for 55 Mℓ/d raw water treatment works

19th April 2013

State-owned water utility Umgeni Water has called on competent contractors to tender for the construction of the 55 Ml/d Lower Thukela Bulk Water Supply Scheme (LTBWSS) adjacent to the Thukela... 


City Power to focus initially on larger power users as it launches smart-meter roll-out

19th April 2013

Power utility City Power on Thursday said it was finalising a programme for the roll-out and installation of about 250 000 smart meters for consumers in Johannesburg over a three-year period. The... 


NamPower starts prequalification process for Kudu EPC contractor

19th April 2013

Namibia’s power utility NamPower has kicked of the prequalification process for the provision of a turnkey engineering, procurement and construction (EPC) solution for the 800 MW Kudu gas-to-power... 


Report raises concern over SA’s approach to construction tender evaluation

19th April 2013

With the South African government earmarking R827-billion for infrastructure development over the next three years, the Construction Industry Development Board (CIDB) has indicated its concern... 


DiamondCorp finalises funding package for Lace mine

19th April 2013

JOHANNESBURG (miningweekly.com) – Southern African diamond development and exploration company DiamondCorp has finalised the £23-million finance package for the 47-level block cave development at... 


SA mining output up 7% year-on-year in February, reflecting low 2012 base

19th April 2013

JOHANNESBURG (miningweekly.com) – Mining production in South Africa increased in February, growing 7% year-on-year, following the downwardly revised 6.7% growth in January, Statistics South... 


Penumbra mine

Continental Coal finalises Mashala Resources deal

18th April 2013

ASX- and Aim-listed Continental Coal on Thursday said its 74%-owned South African subsidiary had completed the acquisition of the outstanding minority interests in coal mining junior Mashala... 


Styldrift

RBPlat reports higher production despite tough market conditions

18th April 2013

Notwithstanding a challenging business environment, black-empowered platinum producer Royal Bafokeng Platinum (RBPlat) reported a 4% year-on-year increase in total tonnes delivered to concentrators... 


SA miners most exposed to risk of tumbling gold prices – Fitch

SA miners most exposed to risk of tumbling gold prices – Fitch

18th April 2013

South African miners had the biggest exposure to the risk of falling gold prices, owing to high production costs that were rising further at a fast pace, ratings agency Fitch said on Thursday. The... 


Rebosis expects Comp Commission approval of Sunnypark Centre deal soon

18th April 2013

JSE-listed black-managed Rebosis Property Fund expected the Competition Commission to approve its acquisition of the Sunnypark Centre, in Pretoria, within the next week, while transfer was... 


Fading confidence in collective bargaining could lead to job cuts, warns law firm

Fading confidence in collective bargaining could lead to job cuts, warns law firm

18th April 2013

The apparent opting out of labour union membership in South Africa amid a wave of wildcat strikes, could mark a rise in employee terminations, should companies lose confidence in collective... 


Hospitality to buy 100% stake in Radisson Blu Gautrain hotel for R443m

17th April 2013

Hospitality Property Fund’s (HPH’s) wholly owned subsidiary HPF Properties (Propco) has entered into a new sales agreement with Savana to acquire 100% of the Radisson Blu Gautrain hotel and... 


Zeder agrees to buy Capespan for R285m

17th April 2013

Investment company Zeder, through its wholly owned subsidiary Zeder Financial Services, on Wednesday said it had reached an agreement to acquire the entire shareholding held by Total Produce in... 


N1-N2 Winelands improvements to benefit surrounding communities, create jobs

N1-N2 Winelands improvements to benefit surrounding communities, create jobs

16th April 2013

The South African National Roads Agency Limited (Sanral) spokesman Vusi Mona has rejected reports that the N1-N2 Winelands toll highway project would adversely affect members of impoverished... 


Outgoing Xstrata CEO Mick Davis

Davis agrees to step down as Glencore-Xstrata merger clears last major hurdle

16th April 2013

Xstrata CEO Mick Davis has agreed to not take up the six-month role of CEO and executive director of the combined Glencore Xstrata group – one of the conditions set by China’s Ministry of Commerce... 


Preparations for construction of Air Products’ R300m ASU plant to start in June

16th April 2013

Site clearance and preparation for the construction of industrial gas supply company Air Products’ R300-million air separation unit (ASU) in the Coega Industrial Development Zone (IDZ) would start... 


Joseph Mathunjwa

Amcu indicates it will reject CoM collective bargaining proposal

16th April 2013

Although the Chamber of Mines (CoM) was expecting to receive a formal response from the Association of Mineworkers and Construction Union (Amcu) regarding its proposed formation of a centralised... 


Firestone enters into talks with interested funders

Firestone enters into talks with interested funders

16th April 2013

ASX- and JSE-listed Firestone Energy has entered into discussions with interested parties regarding future funding. The company, which is currently the takeover target of fellow ASX-listed Range... 


Construction on Bronkhorstspruit biogas plant to start in June

16th April 2013

Construction on the Bronkhorstspruit Biogas Plant (BBP) would start in June and be completed in the first quarter of next year, the project developer Bio 2 Watt says. Founder Sean Thomas told... 


Department of Trade and Industry director-general Lionel October

Textiles competitiveness programme creates over 12 000 permanent jobs – DTI

15th April 2013

The Clothing and Textiles Competitiveness Programme (CTCP) had, to date, created more than 12 000 new permanent jobs in South Africa’s clothing, textiles, leather and footwear sectors, Department... 


IMF recognises new Somali federal government

IMF recognises new Somali federal government

15th April 2013

The International Monetary Fund (IMF) on Monday announced that it now recognised the new Federal Government of Somalia, which took office in September last year, paving the way for the resumption... 


Bühler South Africa launches compact mobile maize-milling plant

Bühler South Africa launches compact mobile maize-milling plant

12th April 2013

Food processing plant and equipment supplier Bühler South Africa on Friday launched its 2 t/h mobile Isigayo compact mill, aimed at tackling government’s mandate of developing the small-scale... 


Afrimat makes offer to remaining Infrasors investors

12th April 2013

JSE-listed construction materials supplier Afrimat has offered remaining shareholders of South African resources group Infrasors 35c a share to acquire their shareholding in the company, the same... 


Africa’s focus on ‘new’ infrastructure contributing to maintenance deficit

12th April 2013

The emphasis on building new infrastructure in South Africa, as well as the rest of Africa, was to the detriment of the continent’s existing infrastructure, creating a maintenance deficit,... 


Randgold ‘rapidly advancing’ growth projects – Bristow

12th April 2013

JOHANNESBURG (miningweekly.com) – Africa-focused miner Randgold Resources is rapidly advancing its further growth projects and examining new joint-venture opportunities, CE Mark Bristow said on... 


Mark Cutifani  Will remain open-minded about all possibilities

Cutifani says he’ll initially focus on value creation

12th April 2013

JOHANNESBURG (miningweekly.com) – Diversified miner Anglo American’s new CEO Mark Cutifani has indicated that his initial focus would be to find ways to improve value creation within the company.... 


Third licence added to Botswana Diamonds/Morminas agreement

Third licence added to Botswana Diamonds/Morminas agreement

11th April 2013

Aim-listed Botswana Diamonds on Thursday said a third license block would now be evaluated on the Save river, in Mozambique, as part of its recently signed option agreement with a Mozambican... 


SA mining output up 7% y/y in February, reflecting low 2012 base

SA mining output up 7% y/y in February, reflecting low 2012 base

11th April 2013

Mining production in South Africa increased in February, growing 7% year-on-year, following the downwardly revised 6.7% growth in January, Statistics South Africa’s (Stats SA’s) preliminary... 


Sable Platinum buys 4% stake in Global Initiatives for $4m

Sable Platinum buys 4% stake in Global Initiatives for $4m

11th April 2013

Platinum exploration company Sable Platinum on Thursday said it had entered into an agreement to acquire a 4% equity interest in Botswana-based mining company Global Initiatives for $4-million. In... 


Zondereinde strike persists despite interdict

Zondereinde strike persists despite interdict

11th April 2013

Striking rock drill operators at JSE-listed Northam Platinum’s Zondereinde mine have still not returned to work, despite being served with an interdict issued by the Labour Court, which ruled that... 


The Lace mine

DiamondCorp finalises funding package for Lace mine

11th April 2013

Southern African diamond development and exploration company DiamondCorp has finalised the £23-million finance package for the 47-level block cave development at its Lace mine, in the Free State.... 


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