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Gold Fields invests R6m to boost mechanised mining skills in South Africa

By: Nadine James     22nd November 2017 South African gold miner Gold Fields on Wednesday announced a R6-million, three-year partnership with the University of the Witwatersrand (Wits) to further academic knowledge in the field of mechanised mining and rock engineering in South Africa. Gold Fields CEO Nick Holland and Wits... 

South African nuclear body shuts down key unit because of compliance failure

By: Keith Campbell     22nd November 2017 The South African Nuclear Energy Corporation (Necsa) has executed an immediate shut down of its NTP Radiochemical Facility, because of non-compliance with licensing conditions. NTP produces radioisotopes for both industrial and an especially medical purposes, and many cancer and other patients in... 

West Wits taps into Witwatersrand expertise for Pilbara projects

By: Mariaan Webb     21st November 2017 Gold junior West Wits intends to leverage its Witwatersrand basin geology expertise when it embarks on scaling up operations at its new Pilbara conglomerate gold projects, chairperson Michael Quinert said on Tuesday, announcing that the company is buying more gold leases south-east of Port... 

Altus to acquire Legend Gold

By: Anine Kilian     21st November 2017 Aim-listed Altus Strategies has executed a definitive binding agreement to acquire TSX-V-listed Legend Gold, which holds a portfolio of prospective gold exploration projects in western and southern Mali. It has offered Legend shareholders three of its shares for every Legend share held. 

Wescoal confident about coal market as it posts 42% boost in H1 profit

By: Megan van Wyngaardt     21st November 2017 A consistently strong operational performance from JSE-listed Wescoal’s projects has resulted in the miner posting a gross profit of R267-million for the six months ended September 30, a 42% increase from the prior year’s R188-million. It also maintained its gross profit margin at 17%. 

New DNA barcoding kit to stifle illegal animal trade

By: Megan van Wyngaardt     21st November 2017 Aimed at sharpening conservation efforts, the international Barcode of Life (iBoL) project on Monday launched its Lab-in-a-Box portable deoxyribonucleic acid (DNA) barcoding kit, which enables rapid species identification for port of entry officials within a few hours. The launch took place... 

New Generation Engines Raise Bar For Remanufacturers

     21st November 2017 So complex has modern engine design become that companies wanting to have their engines remanufactured should first look carefully at their service provider’s equipment and in-house skills profile. According to Andrew Yorke, operations director of Metric Automotive Engineering, the cost benefit... 

Technical Support Brings Customised Applications Solutions To The Fore

     21st November 2017 When economic pressure increases, companies often adopt a cautious stance. Conversely, Countapulse Controls has survived by instituting technological innovation in the face of socio-economic uncertainty. In its more than 60 years in business, this leading supplier of sensing solutions has created... 

Industry still suffers effects of drought

By: Simone Liedtke     17th November 2017 Although innovative production practices and a diversified geographic production area helped to buffer the effect of the drought on the 2017 harvest, wine industry body VinPro explains that insufficient rainfall in the winter months will undoubtedly have an effect on vine functionality and yield... 

Investment in infrastructure only way to realise integrated Africa dream

By: Schalk Burger     17th November 2017 The inaugural African Roundtable on Infrastructure Governance conference, hosted by the Development Bank of Southern Africa (DBSA) and co-sponsored by the World Bank, saw robust debate among members about the most effective way to overcome infrastructure development bottlenecks and leverage... 

New technologies promise to improve air traffic management

By: Keith Campbell     17th November 2017 Air traffic control/air traffic management (ATC/ATM) agencies need to embrace new technologies in order to further improve air safety. This was stressed by Civil Air Navigation Services Organisation (Canso) Director General Jeff Poole at the recent Canso Global ATM Safety Conference 2017 in... 

Shumani Industrial Equipment

     17th November 2017 A South African black-owned and -managed company operating in the industrial and construction market sectors, Shumani Industrial Equipment is responsible for the supply of Goscor Group of Companies’ entire range of industrial and construction equipment to the local mining, construction,... 

AVeS, Veritas hold countrywide information governance roadshow

     15th November 2017 Information governance is essential to manage information risk proactively. This requires the systematic integration of people, process, and technology in order to identify and protect a company’s most critical information. To highlight this critical issue, AVeS Cyber Security arranged a... 

Walkabout buys Lonmin’s Northern Ireland exploration portfolio

By: Esmarie Swanepoel     15th November 2017 Graphite developer Walkabout Resources on Tuesday announced its plans to diversify its exploration portfolio, with the acquisition of platinum miner Lonmin’s Northern Ireland exploration portfolio. Under the terms of the transaction, Walkabout acquired Lonmin’s Northern Ireland exploration... 

Announcing noteworthy diamond finds keeps market interest high – Paragon International

By: Henry Lazenby     10th November 2017 A review of 61 diamond finds over the past five years, which were significant enough to warrant press releases by the companies that mined them, shows that announcing the diamond finds publicly keeps market interest high, said diamond investment specialist Paragon International Wealth Management... 

Australia-Peru FTA to benefit mining industry

By: Esmarie Swanepoel     10th November 2017 The Minerals Council of Australia (MCA) on Friday welcomed the signing of a free trade agreement (FTA) with Peru, with interim CEO David Byers saying it would create significant new opportunities for Australia’s mining and mining services exports and investment. “The trade deal will immediately... 

Energy-saving guide promotes sustainable mindset industry

By: Nica Schreuder     10th November 2017 International oil and gas company ExxonMobil has recently launched an energy- saving guide for the plastics industry to demonstrate to major companies in plastics how they can better manage their energy consumption. The guide, launched last month, is a practical approach designed to help with... 

AI can help shed light on value of a company’s intangible assets

By: Schalk Burger     10th November 2017 Artificial Intelligence (AI), by performing repetitive tasks or helping with tasks that rely on masses of data, will allow for a more accurate valuation of intangible assets, such as human capital, performance and expertise, which are often more valuable in the emerging knowledge economy than... 

South African rail operator rebrands, expands offering

By: Mia Breytenbach     10th November 2017 Following the investment by the Pan-African Infrastructure Development Fund 2 (PAIDF2), managed by Pan-African fund manager Harith General Partners, in South African locomotive and rail operator Sheltam Group in June, the company has launched several initiatives to enhance its offering to the... 

Large national manufacturers not main determinant of aerospace success

By: Keith Campbell     10th November 2017 Germany serves as a leading example of a country that has a major and successful aeronautical industry but does not have a single wholly- or predominantly-German owned aerospace original equipment manufacturer (OEM). This was highlighted by Deutsche Zentrum für Luft- und Raumfahrt (DLR – German... 

Telkom appoints CEO of property management unit

By: Megan van Wyngaardt     9th November 2017 Telecommunications group Telkom has appointed Lesiba Maloba as CEO of its property management business unit, Gyro Group, from November 13. Gyro was established on April 1 to unlock value by commercialising the Telkom property portfolio, extracting value from excess building capacity and... 

Volvo Financial Services launches in South Africa

By: Irma Venter     8th November 2017 Volvo Financial Services (VFS), the global finance arm of the Volvo Group, has announced the launch of Volvo Financial Services Southern Africa. VFS Southern Africa will provide financial services to customers of Volvo Group Southern Africa, which includes the UD Trucks, Volvo Bus, Volvo Trucks... 

Saftu, Outa call for independent judicial inquiry at Sars

By: Sane Dhlamini     8th November 2017 The South African Federation of Trade Unions (Saftu) and the Organisation Undoing Tax Abuse (Outa) on Wednesday called for Finance Minister Malusi Gigaba to appoint an independent judicial inquiry into tax administration and governance at the South African Revenue Service (Sars). This follows... 

IREM, SAIBPP and Wits partner to raise profile of South African property managers

     8th November 2017 The Institute of Real Estate Management’s (IREM) Certified Property Management (CPM) designation is being introduced to South Africa to raise the profile of local real-estate managers. This initiative is being driven by the South African Institute of Black Property Practitioners (SAIBPP) and the... 

Tradecore Steel Enters Third Year Of Operation

     8th November 2017 Local steel trading company’s growth shows there is no substitute for experience and expertise. November 2017 marks two full years of operation at TradeCore Steel (Pty) Ltd, a privately-owned steel trading and distribution company based in Wadeville, Gauteng. 

AECI acquires Imperial’s Schirm in R1.8bn deal

By: Natasha Odendaal     8th November 2017 AECI’s wholly-owned subsidiary AECI Mauritius has reached agreement to acquire Imperial Chemical Logistics’ (ICL’s) wholly-owned contract agrochemical and fine chemical manufacturing subsidiary Schirm for €110.5-million, or R1.8-billion. The deal forms part of AECI’s international expansion... 

Transformation a critical conversation point as progress remains slow

By: Natasha Odendaal     7th November 2017 Transformation in South Africa, and the approaches taken to realise those ambitions, has been revived as an urgent imperative among proponents in the engineering sector, as questions have emerged as to how far off the mark the industry, and the country, is in progressing towards a more inclusive... 

New SAA leadership team promises to take airline ‘back from the brink’ 

By: Terence Creamer     7th November 2017 Finance Minister Malusi Gigaba has promised that there will be a clear delineation of the roles between the shareholder, the board and the CEO at embattled national carrier South African Airways (SAA), following the constitution of the new board on November 3 and the appointment of Vuyani Jarana... 

ATO probing possible Australian links in Paradise Papers

By: Esmarie Swanepoel     7th November 2017 The Australian Taxation Office (ATO) said this week that it would continue to work closely with other tax administrations to share intelligence in the wake of the so-called Paradise Papers release. The ATO also said that it had started analysing intelligence to identify possible Australian links. 

Tradecore Steel Enters Third Year Of Operation

     6th November 2017 Local steel trading company’s growth shows there is no substitute for experience and expertise. November 2017 marks two full years of operation at TradeCore Steel (Pty) Ltd, a privately-owned steel trading and distribution company based in Wadeville, Gauteng. 

Advisory body seeks ‘ideal tax’ in proposed India minerals policy

By: Ajoy K Das     6th November 2017 The Indian government’s apex policy advisory body has advocated that the new National Mineral Policy (NMP) “define an ideal taxation system” for the mining sector and explore the possibility of merging current multiple levies into a globally competitive tax regime. The National Institute for... 

Infrastructure governance conference seeks to remove development hobble

By: Schalk Burger     3rd November 2017 The inaugural African Roundtable on Infrastructure Governance conference, hosted by the Development Bank of Southern Africa (DBSA) and co-sponsored by the World Bank, on Thursday, saw robust debate among members about the most effective way to overcome infrastructure development bottlenecks and... 

Tungsten Mining signs MoU with Chinese partner

By: Esmarie Swanepoel     3rd November 2017 ASX-listed Tungsten Mining has signed a nonbinding memorandum of understanding (MoU) with China’s Xiamen Tungsten Company (XTC) over the Mt Mulgine project, in Western Australia. Under the MoU, the two companies will work to establish an offtake agreement under which XTC would purchase tungsten... 

Fostering innovation will put South Africa on a higher growth trajectory

By: Schalk Burger     3rd November 2017 Harnessing the potential of innovation through an improved business climate for startups, skilled immigration, trade facilitation and competition in information and communication technology (ICT), as well as easier access to research and development (R&D) tax incentives, would significantly help... 

A lot needs to be done to ensure universal access to water and sanitation – Tshwete

By: Dylan Slater     3rd November 2017 The roll-out of water and sanitation services to everyone in South Africa is a key priority for the Department of Water and Sanitation (DWS), says Deputy Minister Pamela Tshwete.  

Fostering innovation will put South Africa on a higher growth trajectory

By: Schalk Burger     3rd November 2017 “Harnessing the potential of innovation through an improved business climate for startups, skilled immigration, trade facilitation, competition in information and communication technology, as well as easier access to research and development tax incentives would significantly help to create jobs... 

Universal Storage Systems

By: Creamer Media Reporter      3rd November 2017 From its head offices at 6 Kruger road, Strijdom Park, Johannesburg, Universal Storage Systems offers steel racking, shelving and mezzanine storage solutions to the national and international markets. With branches in Cape Town, Durban, Port Elizabeth and Nelspruit, Universal Storage Systems’... 

Energy savings halved with Atlas Copco’s 4th generation VSD+ compressors

     2nd November 2017 Atlas Copco Compressor Technique is proud to introduce its 4th generation VSD+ compressors - the GA75-110VSD+! “This 4th generation which follows hot on the heels of the GA37- 75 VSD+  compressors we launched in 2016 is the biggest generation of VDS+ compressors for Compressor Technique’s... 

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