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China’s iron-ore discounts hit Fortescue revenue, profit falls sharply

By: Mariaan Webb     Updated 7 hours ago Chinese steelmakers’ demand for better-quality ore has had a significant impact on Australian miner Fortescue Metals’ half-year financial performance, with revenue contracting by 18% and net profit falling sharply, sending shares down about 4% on Wednesday. Australia’s third major iron-ore... 

High-quality engineering services drive successful completion of road rehabilitation project

     19th February 2018 JG Afrika, a leading South African engineering consultancy, played a prominent role in the successful rehabilitation of a 58,4 km section of the R399 on behalf of the Western Cape Government’s Department of Transport and Public Works.  Importantly, the R304,6-million construction programme... 

Cameco's 2017 headline earnings dive 59%; contracting to remain 'discretionary' in 2018

By: Henry Lazenby     9th February 2018 Long-term contracting, which is usually borne out of the requirement for power utilities to secure long-term uranium supplies, is not expected to see an uptick in 2018, as the market remains awash with too much uranium, Canada's Cameco said on Friday. In 2017, excess uranium supply continued to... 

ANDRITZ to supply irrigation pumps for Egypt

     9th February 2018 International technology Group ANDRITZ has received an order from CONCORD for Engineering and Contracting, Cairo, Egypt, to supply 17 vertical line shaft pumps, including a set of spare parts, for a pumping station providing the water supply to the Nubaria irrigation canal, located south of the... 

Eurasia impressed by speed that Monchetundra application is progressing

By: Mariaan Webb     2nd February 2018 The Russian federal commission on suboil use, Rosnedra, has completed its review of the Monchetundra application, approving a draft of the mining permit for the platinum and palladium project on the Kola Peninsula, London-listed Eurasia reported on Friday. The application for a mining permit was... 

Rush to get Cape Town's temporary desalination plants online

By: News24Wire      2nd February 2018 The City of Cape Town's R240m temporary desalination plant at Strandfontein Pavilion is on track, but it will only start producing the first two million litres of an expected seven million a day in March. This is according to the City's mayoral committee member for water, Xanthea Limberg, who was... 

Referring certain disputes to arbitration with organs of state

     30th January 2018 By Waseeqah Makadam, senior associate at Hogan Lovells (South Africa) Parties often agree to arbitration as an alternative dispute resolution procedure for various reasons, including that it can be quicker and more effective than an ordinary court process. The current trend is that organs of... 

Tanzania moves to buy standard-gauge rail rolling stock

By: John Muchira     26th January 2018 Tanzania has set in motion the process to acquire rolling stock to be used on the standard-gauge railway (SGR) network that is currently under construction as it vies to become East Africa's transport hub. According to an international tender notice floated by State-run railway company Reli... 

Gigaba warns country will feel pain of tough budget

By: Reuters     25th January 2018 South Africa's budget has involved making tough decisions to stabilise the country's debt and the country will feel some pain as a result, its finance minister said on Wednesday. The South African economy, Africa's second largest and most industrialised, has slowed to a near standstill. 

'There has never been a bigger disconnect between price and value' – VRIC 2018

By: Henry Lazenby     22nd January 2018 "The disconnect between price and value is as stunning as I've ever seen," founder of The Stock Catalyst Report Michael Alkin told attendees at the Vancouver Resource Investment Conference (VRIC) on Sunday. Industry participants seemed to agree. 

BCI Minerals signs MoU with Sinosteel to develop Buckland

By: Megan van Wyngaardt     10th January 2018 Australian iron-ore miner BCI Minerals has signed a non-binding memorandum of understanding (MoU) with Sinosteel Australia to support the development of BCI's 100%-owned Buckland project in the West Pilbara region. The project comprises proposed mines, a private haul road and a new port at Cape... 

The High Cost Of Supply Chain Glitches

     10th January 2018 Supply chain disruptions are widely regarded as one of the greatest risks facing manufacturers, and have become a top concern of global insurance providers. A glitch in its supply chain can cost an organisation up to 10% of its shareholder value, and even put the company out of business, warns... 

CMTI Group gears up to supply gold, platinum mines

By: Megan van Wyngaardt     9th January 2018 Mining equipment and machinery supplier CMTI Group, which started operations at its Gauteng-based factory last year, aims to raise $20-million before the close of the first quarter of this year to increase its production capacity. Initial indications and expressions of interest from potential... 

South Africa's current account deficit narrows, FDI and trade surplus climb

By: Reuters     14th December 2017 South Africa's current account deficit narrowed slightly to 2.3% of GDP in the third quarter and foreign direct investment in Africa's most industrialised economy grew, as did the trade surplus, the central bank said on Thursday, After contracting in the last quarter of 2016 and the first of this... 

Trade remains constrained, but employment numbers expected to rise

By: Megan van Wyngaardt     13th December 2017 The South African Chamber of Commerce and Industry’s (Sacci’s) latest Trade Activity Index (TAI) remained in negative territory during November, declining by one index point to 45. This, the chamber noted, was as a result of important elements of trade contracting during the month, except for new... 

Silicosis: we’re close to a deal with the mines, says miners’ attorney

By: News24Wire      12th December 2017 A settlement between thousands of sick gold miners and the mining industry is possible before the end of the year, according to one of the attorneys for the sick mineworkers. More than 100 000 mineworkers and former mineworkers, and their dependants, are claiming damages for contracting silicosis... 

CoreSlab behind cost-effective and efficient projects

     11th December 2017 CoreSlab, a leading precast concrete specialist, has participated in many successful private- and public-sector building projects. Importantly, the company’s precast concrete systems have allowed professional teams to accelerate construction times and provided cost-savings for property... 

SA Hippo Founder Celebrates 38 Years Of Innovative Manufacturing.

     11th December 2017   Hazleton Pumps International (Pty) Ltd previously known as Electro-Mech (Pty) Ltd was registered on 23 October 1979 with electrical and mechanical contracting being the main business activities of the company. Electro-Mech further expanded the business to include borehole drilling and the... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent ones, thereby reflecting a degree of positivity, as well as signs of growth. This also points to untapped potential that is ready to be unlocked through increased investment upstream and... 

Functional Affordable And Reliable Comms For Underground

     6th December 2017 Experts in communication systems for underground coal and hard rock mines, Ya Batho’s locally developed and manufactured communication products offer both a high level of functionality and an affordable cost of ownership. Active in the market since 2010, Ya Batho grew quickly from its focus on... 

PNX appoints study manager for Hayes Creek project DFS

By: Natasha Odendaal     1st December 2017 ASX-listed PNX Metals has appointed engineering, consulting and contracting company GR Engineering Services as the study manager for the definitive feasibility study (DFS) of the Hayes Creek zinc/gold/silver project, in the Northern Territory. GR Engineering will be tasked with the process design... 

Small section mill for the Philippines

     28th November 2017 SteelAsia Manufacturing Corporation places order with SMS group for the supply of a small section mill The Philippine company, SteelAsia Manufacturing Corporation, has placed an order with SMS group (www.sms-group.com) for the supply of a new small section mill. The mill, which will be designed... 

Upat supplies best professional power-tool brand in the world

     20th November 2017 The most reliable and resilient professional power tools available on the market today are supplied locally by leading distributor Upat of Johannesburg. Established in 1924 in the US, Milwaukee is arguably the best power-tool brand in the world, according to Upat Product Specialist Werner Koch.... 

Geomysore’s Jonnagiri has potential to be India’s first private gold mine

By: Mariaan Webb     16th November 2017 Gold firm Geomysore Services India, in which Aim-listed Lionsgold has a 21.15% shareholding, has completed a feasibility study for the Jonnagiri gold project, demonstrating the project’s potential to be developed into India’s first privately-owned gold mine. The Jonnagiri project, in the state of... 

South Africa’s Master Drilling expands into India, Australia

By: Martin Creamer     1st November 2017 Raise bore drilling company Master Drilling on Wednesday announced its expansion into India, where it will support a zinc mine, and Australia, where it will support a gold project. The Johannesburg Stock Exchange-listed company said it would be deploying a large raisebore machine to a Vedanta... 

Strandline hunts for JV partner in WA

By: Esmarie Swanepoel     1st November 2017 Mineral sands developer Strandline Resources has launched the hunt for a joint venture (JV) partner at its Coburn project, in Western Australia, to oversee the funding, development and operation of the project. Strandline MD Luke Graham told shareholders on Wednesday that the recent strong... 

Cameco equities fall as miner swings to surprise Q3 loss; pares outlook

By: Henry Lazenby     27th October 2017 Canada’s largest uranium producer Cameco has reported a disappointing third-quarter loss for the three months ended September, prompting investors to punish the TSX-listed stock and pushing it 13% lower in early trading on Friday. The Saskatoon, Saskatchewan-based company, swung to a headline... 

CTL beneficial as a synfuel

By: Marleny Arnoldi     27th October 2017 Depending on market forces and subsequent regulations, coal-to-liquids (CTL) as a fuel alternative could be beneficial for the synfuels industry, especially for companies that diversify outside of conversion processes to include other capabilities, says synfuel company Synfuels Americas.  

Kibali on track as it prepares for completion of underground mine

By: Anine Kilian     17th October 2017 Randgold Resources’ Democratic Republic of Congo- (DRC-) based Kibali gold mine remains on track to achieve its production target of 610 000 oz this year as its underground operations and the integration and automation of the vertical shaft enters the final commissioning and automation stage, CEO... 

Self-starters share secrets to success in the South African mining sector

By: Ilan Solomons     13th October 2017 There are many ways for entrepreneurs to enter the mining industry, including as project developers, service providers and product suppliers – all of which hold great opportunities and challenges, states mining investment advisory company MX Mining Capital Advisors director Dr Mike Seeger. The... 

Brown has received report from Eskom on Trillian

By: African News Agency      4th October 2017 Public Enterprises Minister Lynne Brown on Wednesday told MPs she had received a report from Eskom about its dealings with Trillian and McKinsey which she demanded after it emerged that the power utility had lied to Parliament, but made plain that she will not act against the leadership of... 

Mining Machines Bring Mobile Classrooms

     27th September 2017 The learners of alldays primary school now have three new classrooms as a result of venetia mine’s mining equipment which assisted them in relocating un-used mobile classrooms from alldays high school to alldays primary school. Before these new classrooms 105 grade 5 learners shared a single... 

AHI changes name to SBI

By: Anine Kilian     26th September 2017 Members of the Afrikaanse handelsinstituut (AHI) have adopted a new memorandum of incorporation and a new name, the Small Business Institute (SBI). “We would be proud if, over time, SBI becomes synonymous with credible research and public positions on all matters of interest to small business.... 

Walkabout welcomes cornerstone investor

By: Esmarie Swanepoel     20th September 2017 Junior graphite developer Walkabout Resources has welcomed Chinese engineering firm Jinpeng Mining and Machinery as a cornerstone investor. Through a $1-million investment, Jinpeng will become Walkabout’s largest investor, holding 10.6% of the company’s shares. 

Fleet Renewal Puts Burma Plant Hire At Cutting Edge

     18th September 2017 A restructuring and fleet renewal programme at Cape Town-based Burma Plant Hire has put the company on track for further growth in the construction, mining and other sectors. Significantly, the company is a Level 2 contributor to BBBEE. In addition to its traditional base load work in the... 

Lesotho’s Letšeng mine recovers several 100-ct-plus diamonds, expects trend to continue

By: Ilan Solomons     15th September 2017 The Letšeng diamond mine, in Lesotho, recovered several diamonds larger than 100 ct during the first half of 2017, with LSE-listed diamond miner Gem Diamonds upbeat that this trend will continue for the remainder of the year. These gems include the 114.38 ct Type II, the 126 ct D-colour Type IIa... 

SA out of recession but growth far from NDP ambitions

By: African News Agency      5th September 2017 The South African economy is out of recession at the moment, owing to a gross domestic product (GDP) growth of 2.5% in the second quarter of 2017, StatsSA announced on Tuesday. “Let’s go straight into the numbers … the GDP quarter-on-quarter [growth rate] is 2.5%. I saw that analysts in the media... 

Revolutionary industrial changes set to shift the heavy haul industry

By: Kim Cloete     4th September 2017 Heavy haul rail operators across the world have been urged to adapt to rapid advances in technology and improvements in cybersecurity. “The Fourth Industrial Revolution will change everything. The rise in technology will be profound, but it will also open up bridges for us,” World Economic Forum... 

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