R/€ = 14.44 Change: -0.13
R/$ = 13.63 Change: -0.17
Au 1202.84 $/oz Change: 8.14
Pt 986.25 $/oz Change: 4.75


Clover expands product offering through acquisition of olive oil manufacturer

By: Megan van Wyngaardt     Updated 1 hour 15 minutes ago JSE-listed Clover has acquired the Olive Pride business from Southern Canned Products (SCP), which is a wholly-owned subsidiary of explosives and specialty chemicals company AECI. SCP will dispose of Olive Pride to the newly formed Clover Pride, in which Clover South Africa holds 51% and AECI the... 

OR Tambo first African airport to implement digital security checkpoint  

By: Megan van Wyngaardt     4th November 2016 To improve passenger security and speed up the process of moving through airport security checkpoints, the OR Tambo International Airport will implement a new digital security system – the first airport in Africa to do so. The pilot implementation of the Scarabee smart security system, which uses... 

As we pray for rain, let’s plan for possible flooding

     28th October 2016 Municipalities around the country are introducing water-use restrictions, increasing such restrictions or contemplating introducing them where none are in place. As the drought continues, there is so little water around that trees are now chasing dogs. In farming towns, cattle are eating traffic... 

UK enterprise interested in building relationships with SA companies

By: Keith Campbell     7th October 2016 British science and high-technology company QinetiQ used this year’s recent Africa Aerospace and Defence (AAD) exhibition to investigate the local market. QinetiQ is a technology development, technology services and niche manufacturing company predominantly but not exclusively operating in the... 

Illegal mining out of control – Mine Rescue Services

By: Natasha Odendaal     27th September 2016 A surge in the number of mine rescues and recoveries at abandoned and disused operations is an indication that the illegal mining scourge is starting to spiral out of control, and the recorded incidents are just the tip of the iceberg. The Chamber of Mines and Mine Rescue Services (MRS) on... 

St Helena Airport development

By: Sheila Barradas     23rd September 2016 An external expert has been appointed to review the process that has resulted in delaying in the starting of the air services to St Helena Airport. 

Barrick sees ‘perfect storm’ brewing around cost-effective renewables

By: Creamer Media Reporter      20th September 2016 Renewable-energy sources have reached the stage where they can reduce energy costs as well as emissions, Barrick Gold’s senior manager of energy and greenhouse gases (GHGs), Russell Blades, tells Energy and Mines. “We are seeing a ‘perfect storm’ brewing around renewables. Solar and energy... 

Fit-for-purpose military truck unveiled at AAD as concept for African scenarios

By: Dylan Slater     15th September 2016 South African defence group Denel unveiled its conceptual Africa Truck at Africa Aerospace & Defence (AAD) this week as a potential logistical support vehicle for African militaries and defence organisations.  

Downer wins A$250m in mining contracts

By: Esmarie Swanepoel     15th September 2016 Project house Downer EDI has been awarded five contracts worth a combined A$250-million in the resources sector. The company’s blasting services division has been awarded three contracts for the supply, manufacture and delivery of explosives and down hole blasting services, including at the... 

DoL to host workshop on explosives regulations amendments

By: Anine Kilian     25th August 2016 The Department of Labour (DoL), in partnership with the University of South Africa (Unisa), will, on August 29, host a day-long workshop to sensitise explosives industry stakeholders to explosives regulation amendments. DoL deputy director of explosives Rudzani Ramabulana says the regulations are... 

Omnia still pursuing North American entry after Nordex offer is withdrawn

By: Megan van Wyngaardt     22nd August 2016 JSE-listed Omnia Holdings has withdrawn and terminated its offer to acquire all of the issued and outstanding shares of Canadian firm Nordex Explosives. The chemicals company on Monday said Nordex shareholders had approved the change of control private placement and going private transaction with... 

Nordex closes going-private transaction with EPC

By: Henry Lazenby     20th August 2016 Canadian explosives maker and distributor Nordex has closed a going-private transaction with Société Anonyme d’Explosifs et de Produits Chimiques (EPC). Nordex was amalgamated with 9867244 Canada, an indirect wholly owned subsidiary of EPC, with an effective date of August 19. The company... 

Omnia asks TSX-V to deny or reprice Nordex going-private placement

By: Henry Lazenby     12th August 2016 Johannesburg-based Omnia Holdings has submitted a letter to the TSX-V asking it to consider denying or repricing a proposed change-of-control transaction through which Société Anonyme d’Explosifs et de Produits Chimiques (EPC) intends to take Canadian firm Nordex Explosives private. According to... 

Minister Jeff Radebe To Address The South African Building Industry 

     11th August 2016 The 2016 annual Master Builders Congress will be taking place from 31 August to 2 September at the Durban International Convention Centre. Now in its 111th year, the annual Congress has become the premium gathering for building contractors, construction and project managers, built environment... 

Caterpillar launches first continuous miner for hard rock applications

By: Anine Kilian     10th August 2016 Global construction and mining equipment manufacturer Caterpillar (Cat) has launched the first continuous mining and hauling system for underground hard rock applications, now commercially available. The new Cat Straight System features a hard rock shearer that uses Cat-activated undercutting... 

Gold wildcatters wooed as Peru leader swaps dynamite for dialogue

By: Bloomberg     10th August 2016 Peru’s former President Ollanta Humala used explosives to combat wildcat gold miners in the Amazon jungle in a bid to stem deforestation and mercury pollution. His successor is taking a more diplomatic approach. Less than two weeks after taking office, President Pedro Pablo Kuczynski held talks... 

Omnia raises bid for Nordex

By: Natasha Odendaal     4th August 2016 Shareholders of Canadian firm Nordex Explosives have one month to accept a now-formal fully funded, all-cash inflated takeover bid by JSE-listed Omnia Group. Omnia this week, through its mining division BME, raised the stakes with an offer of C$0.22 per Nordex share, taking the deal to... 

DiamondCorp gets DMR nod for Lace mining resumption

By: Natasha Odendaal     26th July 2016 JSE-listed DiamondCorp has resumed mining operations at its Lace diamond mine after receiving the go-ahead from the Department of Mineral Resources (DMR). The diamond mining, development and exploration company halted operations just over a week ago to have miners’ assistants undertake refresher... 

AECI reports lower H1 earnings, higher revenue

By: Anine Kilian     26th July 2016 Specialty chemicals and explosives manufacturer AECI on Tuesday reported higher revenue, but lower earnings a share for the six months ended June 30. Headline earnings per share (HEPS) fell 48% year-on-year to 293c, while earnings a share (EPS) decreased 50% year-on-year to 292c. 

Omnia urges Nordex shareholders to accept its buyout offer

By: Creamer Media Reporter      21st July 2016 JSE-listed Omnia Holdings believes its C$0.20 a share all-cash offer to acquire Canadian firm Nordex Explosives still provides the highest value to Nordex shareholders. This comes after Nordex on July 18 announced that another bidder, Société Anonyme d'Explosifs et de Produits Chimiques (EPC),... 

DiamondCorp suspends operations to have miner’s assistants’ training refreshed

By: Natasha Odendaal     18th July 2016 Aim-listed DiamondCorp has suspended underground mining operations at its Lace diamond mine to have miner’s assistants undertake refresher training after a fall-of-ground incident in a development tunnel on the 310 m level. A miner’s assistant has been hospitalised for observation after suffering... 

South Africa’s BME to make play for Canadian explosives firm

By: Creamer Media Reporter      15th July 2016 JSE-listed Omnia Holdings will, through its BME subsidiary, make an all-cash offer to acquire Canadian firm Nordex Explosives for C$0.20 a share. “Today, we are announcing our intention to make this premium all-cash offer to Nordex shareholders. Unfortunately, the directors of Nordex were unable... 

Electrical engineering during WW2 – Part 4

By: Terry Mackenzie-hoy     8th July 2016 This is the last article in this column about electrical engineering during World War II. In point of fact, this article does not discuss electrical engineering, but flying bombs. For those of you who think that World War II was some time back in the period of fearful blank which existed before... 

First, find the world’s biggest diamonds; then don’t break them 

By: Bloomberg     6th July 2016 A black-and-yellow dump truck rumbles up from a giant pit in the mountains of southern Africa, carrying a load of freshly blasted slate-gray rock from the Letseng mine. With luck it will contain a golf-ball sized diamond worth perhaps $20-million. With even more luck the stone won’t get smashed. 

New Talisman raises $4.7m, embarks on bulk sampling programme

By: Samantha Herbst     5th July 2016 ASX-listed junior New Talisman has successfully raised $4.69-million through the issue of about 905-million shares, enabling the miner to transition from explorer to developer as it embarks on a bulk sampling programme at Talisman mine, in New Zealand’s Hauraki goldfield. “This result is one of... 

Despite volume slump, Omnia sees growth opportunities in mining sector

By: Mia Breytenbach     28th June 2016 Despite the downturn in global mining revenues and volumes, JSE-listed Omnia’s Mining division has been “remarkably resilient” and continues “to forge ahead in maintaining its position as a leading player” in the opencast mining industry on the African continent, group CEO Rod Humphris said on... 

Commodity markets entering period of stability, Orica CEO says

By: Bloomberg     23rd June 2016 Orica, the largest supplier of explosives to the mining industry, has begun to observe stability in commodity markets that have been marked by volatility, sinking profits and job cuts after a global boom ended. “We still see a lot of volatility, but I think that I’ve seen more stability than... 

New way to mine hard rock impresses veteran researcher 

By: Martin Creamer     13th June 2016 A new way of breaking rock in Southern Africa’s narrow-reef mines is seen as safety and production enhancing. Veteran researcher Rod Pickering, who spent 20 years at the Chamber of Mines Research Organisation (Comro) running the stoping technology laboratory, says he has yet to come across a... 

On-site plugging possible using explosive welding 

By: Robyn Wilkinson     10th June 2016 Engineering, manufacturing, construction and maintenance services provider Steinmüller Africa offers explosive welding and explosive expansion services to its clients. As part of this service, the company has increased its focus on on-site plugging which enables it to fix leaks in heat exchangers... 

German company develops four machines for blind-shaft construction, enlargement

By: Dylan Slater     3rd June 2016 German mechanised tunnelling engineering company Herrenknecht AG has developed a range of four shaft boring machines for the safe and rapid construction of blind shafts or shaft enlargements to a depth of 2 000 m.  

St Helena Airport development, St Helena Island

By: Sheila Barradas     20th May 2016 The airport has been given approval to start commercial flight operations. 

Formalised status urged for artisanal, small-scale mining 

By: David Oliveira     22nd April 2016 Members of community organisations and artisanal mining and academic communities, as well as civil society groups, have called on government and mining companies to uphold the rights of all South African mineworkers, including artisanal and small-scale miners. ActionAid South Africa (AASA) mining... 

St Helena Airport development, St Helena Island

By: Sheila Barradas     22nd April 2016 The St Helena Airport has completed a successful five-day audit run. 

Iron Road reduces opex at Central Eyre

By: Esmarie Swanepoel     20th April 2016 ASX-listed developer Iron Road has reduced the operating cost expectations of its planned Central Eyre iron project, in South Australia, on the back of market repricing. An October optimisation study resulted in a reduction in the expected life-of-mine free-on-board (FOB) costs from the... 

Five illegal miners die in blasting accident at KZN mine

By: News24Wire      18th April 2016 Five people have died in a blast during illegal mining activities at the Klipwal Mine in KwaZulu-Natal, the mining company announced on Sunday. "Despite extensive search and rescue operations… five illegal miners have lost their lives in a blasting accident," Birrell Mining CEO, Lloyd Birrell,... 

Petmin’s Somkhele lifts H1 headline earnings, impairment sinks basic earnings

By: Natasha Odendaal     7th March 2016 JSE-listed Petmin on Monday posted a 70% increase in headline earnings a share to 14.32c for the six months to December 31, as its Somkhele anthracite mine, in KwaZulu-Natal, continued to deliver a “solid” performance. However, a R115-million full impairment of an investment in the Veremo... 

Portfolio refocused to lean on chemicals business

By: Malusi Mkhize     4th March 2016 Integrated energy and chemicals provider Sasol is refocusing its portfolio to lean more on its chemicals business, following the division’s turnover of R105-billion, which accounted for 57% of the group’s total turnover for the 2015 financial year. Sasol executive VP: chemicals business Fleetwood... 

St Helena Airport development, St Helena Island

By: Sheila Barradas     26th February 2016 Basil Read is participating in a further round of desktop audits with the regulator Air Safety Support International for the St Helena Airport development project. 

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