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Creamer Media Reporter

Lucapa and partners sell Lulo diamonds for $4.1m

28th September 2016 Australia-based Lucapa Diamond Company and its partners in the Lulo mine have netted $4.1-million from the sale of diamonds recovered at the Angolan mine. The parcel of 2 209 ct of Lulo diamonds sold at an average sales price of $1 868/ct, 40%-owner Lucapa said in a statement on Wednesday. 

MTN Nigeria denies illegal transfer allegations

28th September 2016 Telecommunications giant MTN has dismissed media reports of the alleged “improper” repatriation of $13.92-billion out of Nigeria. Recent reports have suggested that MTN Nigeria is under investigation for illegally repatriating the funds in collusion with a number of commercial banks out of... 

Basil Read appoints new CFO

27th September 2016 JSE-listed Basil Read on Tuesday announced the appointment of Talib Sadik as CFO and FD, effective October 1, following the resignation of Amanda Wightman. Chartered accountant Sadik was previously group FD at Times Media, De Beers Group Services and Denel. 

Sasol Siyakha Fund secures R20m credit guarantee

26th September 2016 Up to ten small, medium-sized and microenterprises (SMMEs) are getting a shot in the arm as Sasol’s enterprise and supplier development fund secures a R20-million credit guarantee facility from the Small Enterprise Finance Agency (Sefa). The Sasol Siyakha Fund, which has invested around... 

Goldplat swings to FY profit, pursues potential South American opportunities

26th September 2016 With its recovery operations now “back on track and profitable”, Aim-listed Goldplat is shifting its attention to returning its Kilimapesa mine, in Kenya, to profitability during the 2017 financial year, while also looking to new opportunities in South America. The company’s operations produced... 

Carbine delays Mt Morgan DFS to December quarter

26th September 2016 ASX-listed carbine Resources has extended the delivery of the definitive feasibility study for its Mount Morgan project, in Queensland, to the December 2016 quarter to allow for additional time to assess the possible relocation of the processing plant. Relocating the plant from its original... 

MacLean Engineering to supply battery-powered fleet for Goldcorp’s diesel-free Borden mine

23rd September 2016 Goldcorp is planning to build what is expected to be the world's first diesel-free hard rock gold mine at its Borden project, near Chapleau, Ontario. The company has appointed Collingwood, Ontario-based MacLean Engineering to provide a fleet of battery-powered mobile underground mining equipment... 

Rail Road Association to hold AGM

23rd September 2016 The Rail Road Association of South Africa (RRA) will hold its annual general meeting on Thursday, September 29. The gathering will take place at Scaw Metals’ offices in Germiston from 8:30. The RRA has been critical of what it views as uneven localisation efforts in Transnet’s multibillion-rand... 

Engineering News iPhone and Android Apps available for free download

23rd September 2016 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers an Engineering News Online app for iPhone and Android users.  These apps... 

Date set for nuclear procurement case

22nd September 2016 A High Court hearing into an application brought by the Southern African Faith Communities’ Environment Institute (Safcei) and Earthlife Africa Johannesburg relating to the legality of South Africa’s nuclear procurement process has been set down for December 13 and 14. The two organisations... 

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