R/€ = 16.25 Change: -0.01
R/$ = 14.47 Change: -0.10
Au 1200.53 $/oz Change: -6.35
Pt 841.50 $/oz Change: -11.02

Tasneem Bulbulia

Tasneem Bulbulia

Tasneem Bulbulia is a Creamer Media Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744


Rebosis shares fall on lower dividend

12th November 2018 JSE-listed real estate investment trust (Reit) Rebosis Property Fund's share price fell by more than 23% on Monday. The Reit declared a dividend of 252.86c per A ordinary share and 92.83c per ordinary share for the financial year ended August 31. This represents a 5% year-on-year increase in the... 

Jet Demolitions lands second World Demolition Award for Eskom project

12th November 2018 Jet Demolition has won the Industrial Demolition Award at the World Demolition Awards for the fast-track demolition of a damaged boiler structure at power utility Eskom’s Duvha power station, in Mpumalanga. The awards were held in Dublin, Ireland, last week. 

DDE and Stargems host six rough diamond tenders, over 2-million carats sold

12th November 2018 The Dubai Diamond Exchange (DDE) and Stargems Group have completed six rough diamond tenders of Anhui-Congo Mining Investment Company goods, with over two-million carats sold. The tenders were held at the Almas Tower with around 200 diamond companies in attendance and were facilitated by the DDE... 

Gold has bottomed, but not out of the woods – Refinitiv’s GFMS

9th November 2018 Early signs of renewed professional interest in the market and an improvement in grassroots retail activity may signal that gold has reached its bottom and that prices are set to rise, the GFMS team at Refinitiv said on Friday, but warned that the yellow metal was not out of the woods yet.... 

De Beers, UN Women complete first round of trainer development workshop

9th November 2018 De Beers Group and the United Nations Entity for Women for Gender Equality and the Empowerment of Women (UN Women), in partnership with Blouberg and Musina municipalities, on Friday completed the trainer development workshops aimed at equipping trainers to deliver capacity-building programmes to... 

Bushveld lowers FY output guidance

9th November 2018 Integrated primary vanadium producer Bushveld Minerals has lowered the full-year production guidance for its Bushveld Vametco subsidiary downwards to between 2 600 t and 2 650 t, from the previously expected 2 850 t to 3 000 t. This is as a result of the impact of industrial action at the... 

Lucara records lower Ebitda of $18.2-million for Q3

9th November 2018 Lucara Diamond Corp achieved earnings before interest, taxes, depreciation and amortisation (Ebitda) of $18.2-million for the third quarter ended September 30, compared with the Ebitda of $49.8-million reported for the quarter ended September 30, 2017. The decrease in Ebitda reflects lower... 

M&I Materials opens Africa’s pioneer ester transformer fluid factory

9th November 2018 M&I Materials has opened South Africa’s first ester transformer fluid manufacturing plant, to provide a reliable, local supply of electricity grid components to support the country’s plans for electrification. M&I Materials is a family-owned manufacturing company based in the UK with offices in... 

Eastplats shareholder launches court petition against transactions with Union Goal

9th November 2018 Eastern Platinum (Eastplats) has received a petition, filed with the Supreme Court of British Columbia by 2538520 Ontario Limited, a shareholder of the company, seeking leave from the court to start a derivative action against certain of its current and former directors in relation to the... 

Joburg properties open for public tender as part of rejuvenation effort

9th November 2018 The City of Joburg (CoJ) has released information about three inner city properties that are now open for public tender by potential developers, as part of its inner-city rejuvenation project that comprises over 80 buildings and plots for renovation. This project aims to fulfil the city’s vision... 

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