http://www.engineeringnews.co.za
R/€ = 15.90 Change: 0.04
R/$ = 13.47 Change: 0.01
Au 1243.94 $/oz Change: 6.10
Pt 880.95 $/oz Change: 3.45
 

Topic

Concor Infrastructure forges ahead with new construction projects

By: Marleny Arnoldi     17th November 2017 Diversified infrastructure and services company Concor Infrastructure is halfway towards completing the additional 14-m-wide dual carriageway on the N2 highway between Mtunzini and Empangeni, in KwaZulu-Natal.  

Govt, NGOs, industry combining to fend off acid mine water threat

By: Ilan Solomons     10th November 2017 Acid mine drainage (AMD) is regarded as one of the greatest environmental challenges ever faced by South Africa, says Department of Water and Sanitation (DWS) mine water management chief director Marius Keet. During a recent seminar on the need to rehabilitate mine-contaminated ecosystems, he... 

Chamber of Mines wage offer favourable – Solidarity

By: Martin Creamer     3rd October 2017 Trade union Solidarity said on Tuesday that it had received a favourable wage offer from the Chamber of Mines, following extensive coal industry pay bargaining.   Mining Weekly Online can report that the wage offer ranges from 5.5% to 7.5% and involves a 7.5% wage increase at the Anglo Coal,... 

Exxaro, Solidarity sign three-year agreement

By: Martin Creamer     28th September 2017 Mining company Exxaro and trade union Solidarity have signed a three-year collective agreement on wages and other conditions of service, Mining Weekly Online can report.  The union said on Thursday that the first year’s pay increases of 7.5% to 10% would be back dated to July 1. 

Exxaro, NUM to resume wage negotiations on Friday

By: Creamer Media Reporter      14th September 2017 Diversified miner Exxaro has received a revised set of demands from the National Union of Mineworkers (NUM) and the parties will resume wage negotiations on Friday. “We've noted the decision by NUM to issue a strike notice. The strike action affects Grootegeluk coal mine, in Lephalale, as well as... 

Fatalities serve to remind industry of necessity to achieve zero harm – DMR

By: Ilan Solomons     1st September 2017 The recent spike in fatalities at South African mines, with the most recent occurring at Harmony Gold’s Kusasalethu mine, near Carletonville, should serve as a timely reminder to the mining industry that a significant step change in health and safety practices is needed to ensure the goal of zero... 

Colliery Training College

     24th August 2017 Who are we? The Colliery Training College (CTC), an important centre for artisan and mining skills training in Emalahleni, Mpumalanga, has been part of the coal mining industry since 1964. Prominent mining houses (Anglo American Thermal Coal, Exxaro, Glencore, Izimbiwa Coal, Kangra Coal and South... 

WorleyParsons developing black enterprises 

By: Martin Creamer     21st August 2017 Project delivery and engineering consultancy WorleyParsons RSA is answering South Africa’s call for broader economic participation and transformation. The local company, which is part of the Australian Securities Exchange-listed WorleyParsons engineering group that serves the resources and energy... 

Colliery Training College

By: Zandile Mavuso     28th July 2017 The Colliery Training College (CTC) – an important centre for artisan and mining skills training in Emalahleni, Mpumalanga – has been part of the coal mining industry since 1964. Prominent mining companies such as Anglo American Thermal Coal, Exxaro, Glencore, Izimbiwa Coal, Kangra Coal and South... 

State capture casts long shadow over Eskom’s results  

By: Terence Creamer     19th July 2017 South Africa’s worst kept corporate secret was confirmed on Wednesday, when Eskom reported a sharp fall in after-tax profits to R888-million in 2017, from over R5-billion in the previous financial year. However, the results were overshadowed by serious allegations of corruption and... 

Construction on Exxaro’s new offices to start in September

By: Anine Kilian     18th July 2017 Real estate investment trust Growthpoint Properties has started the multimillion-rand development of a new head office for diversified miner Exxaro Resources. Exxaro’s new corporate headquarters will consolidate its current offices in Pretoria and Johannesburg into a single workspace, located at... 

Greenhouse tightening as govt imposes Paris agreement – Exxaro

By: Martin Creamer     26th June 2017 The legislative changes around emission of greenhouse gases is becoming more onerous as the South African government implements the Paris Agreement, diversified black-owned resources group Exxaro said on Monday, when the coal-mining major announced that “good progress” had been made finalising... 

Exxaro still in talks over unwinding of BEE transaction

By: Megan van Wyngaardt     3rd May 2017 Exxaro and black-economic empowerment (BEE) partner Main Street 333 (MS333) have agreed an implementation agreement for the unwinding of their transaction, containing the salient terms of the replacement BEE transaction, it said on Wednesday. However, it pointed out that the unwinding was subject... 

Black Mountain Mining establishes Esop 

     26th April 2017 While mining companies Kumba and Exxaro have boasted successful employee share ownership plans over the last few years, Vedanta’s Black Mountain Mining has established a 7-year plan for its employees. Mining Weekly editor Martin Creamer speaks to Creamer Media's Sashnee Moodley about the payouts. 

R2.3bn Anglo coal sale to Seriti may hit Eskom ownership snag 

By: Martin Creamer     10th April 2017 A new aspirant South African mining champion on Monday announced its intention to purchase Anglo American’s Eskom-tied domestic thermal coal operations in South Africa, which would position the majority black-owned start-up as the potential second-largest provider of coal to the State electricity... 

Delayed legislation stopping mining from firing on all cylinders – Exxaro 

By: Martin Creamer     9th March 2017 South Africa’s economic growth remains inadequate to drive the changes required for the country’s socioeconomic challenges and the continued delay in the promulgation of key minerals legislation is deterring the investment required to make South Africa’s mining industry fire on all cylinders,... 

Exxaro to post attributable earnings of up to R6bn

By: Megan van Wyngaardt     2nd March 2017 Higher net operating profit from its coal mining business, paired with higher equity-accounted income from investments, will result in JSE-listed Exxaro Resources posting attributable earnings of between R5.17-billion and R6.08-billion for the year ended December 31. This compares with an... 

Employee dies in converyor belt incident at Exxaro’s Matla mine

By: Megan van Wyngaardt     2nd March 2017 The National Union of Mineworkers (NUM) has expressed concern about the number of fatalities occurring in the mining industry, after an employee at Exxaro’s Matla mine Shaft 2, Sibongiseni Majozi, was killed in a conveyor belt-related incident on Tuesday. "We are concerned that these fatalities... 

Cape Lambert sells Mayoko royalty

By: Esmarie Swanepoel     13th February 2017 ASX-listed resources and investment group Cape Lambert Resources has sold its royalty in the Mayoko iron-ore project, in the Republic of Congo, for A$1-million. The Mayoko royalty was negotiated by Cape Lambert as part of its consideration when it sold the project to African Iron in 2011, with... 

Exxaro CEO calls for nation to rethink BEE ownership, warns not to repeat past mistakes

By: Kim Cloete     8th February 2017 A new way of looking at black economic empowerment (BEE) ownership is needed to avoid the “pain and frustration” that has been experienced in the past, suggests Exxaro CEO Mxolisi Mgojo. “As leaders of one of the country’s largest employers, we should reassess current empowerment initiatives . .... 

Exxaro will support any ‘sustainable’ plan for restarting Arnot 

By: Terence Creamer     26th January 2017 Mining group Exxaro says it will be guided by Eskom on the future of the Arnot coal mine, in Mpumalanga, which was closed after Eskom’s contentious December 31, 2015, decision not to renew a 40-year coal supply agreement (CSA) with Arnot, an Eskom-tied mine operated by Exxaro. The termination of... 

Exxaro concludes R3.6bn share repurchase scheme

By: Natasha Odendaal     17th January 2017 JSE-listed Exxaro on Tuesday said all conditions precedent to the specific repurchase of shares from its black economic empowerment (BEE) partner Main Street 333 (MS333) have been met. Exxaro will acquire nearly 44-million ordinary shares from MS333 in a deal valued at around R3.5-billion. 

Anglo American to sell stake in Exxaro

By: Henry Lazenby     1st December 2016 Global diversified miner Anglo American announced Wednesday that it would sell its 9.7% stake in South African miner Exxaro, using the proceeds to reduce debt. Exxaro’s controlling black economic empowerment shareholder, Main Street 333, will also sell its Exxaro stake, Anglo American stated. 

Exxaro forecasts higher coal sales, production by year-end

By: Megan van Wyngaardt     23rd November 2016 South African coal producer Exxaro expects thermal coal production from its commercial mine to increase by 6% year-on-year in the second half of its financial year, owing to the inclusion of Exxaro Coal Central (ECC) before the 2016 financial year end. However, the JSE-listed miner noted that... 

Exxaro over the moon on independent coal power selection

By: Martin Creamer     12th October 2016 The selection of Thabametsi as a preferred independent coal-fired power project has delighted black-owned mining company Exxaro, which will chip in a R3-billion first phase coal mine to supply 3.9-million tons of coal a year for 30 years to its power plant partners. Energy Minister Tina... 

Exxaro concludes Inyanda sale to Burgh, Lurco

By: Megan van Wyngaardt     4th October 2016 The Competition Commission has approved the acquisition of the Inyanda colliery by a consortium comprising Burgh Group and Lurco Group from Exxaro. Burgh and Lurco will continue to use the Inyanda plant, situated in the eMalahleni district in Mpumalanga, for coal beneficiation and foresees the... 

Mine land, water should be used for agriculture – Exxaro 

     21st September 2016 Black-controlled mining company Exxaro recently pleaded for mine land and mine water to be used for community development through agriculture.  

On-The-Air (16/09/2016) 

By: Martin Creamer     16th September 2016 Black-controlled mining company Exxaro this week pleaded for mine land and mine water to be used for community development through agriculture; Anglo American Platinum has taken another firm step towards establishing the fuel cell as a new clean force in transport and electricity generation; The... 

Mine land, water should be used for agriculture – Exxaro CEO 

By: Martin Creamer     14th September 2016 The vast tracts of land and abundant water supply held by mining companies around their mines should be used for community development through agriculture. “We sit on land, vast land. We sit on water resources, where because of new legislative requirements, we have to make sure that we put in... 

Capital follows certainty, Cennergi warns amid IPP flux 

By: Terence Creamer     8th September 2016 South African independent power producer (IPP) Cennergi, which is a joint venture between Exxaro and Tata Power, warns of possible investor “flight” unless the prevailing uncertainty surrounding the future of IPPs in South Africa is urgently resolved. Speaking to Engineering News Online ahead of... 

Think long

By: Terence Creamer     15th July 2016 For some time now, State-owned electricity utility Eskom has been signalling that it intends overhauling the way it sources coal. Ever since Brian Molefe took over as CEO, he has questioned whether it is appropriate for Eskom to invest directly in mines through cost-plus supply contracts with... 

Gasification could reinvigorate coal mining – Mast-Ingle 

By: Martin Creamer     6th July 2016 Coal mining in Africa and in South Africa in particular could provide the key to powering up growth on the continent if the opportunity presented by recent developments in underground-coal-to-gas (UCG) technology is seized and implemented. Project management consultant and UCG thought leader... 

Vanderbilt Commercial to fund $30m Tango loan for Botswana project

By: Henry Lazenby     28th March 2016 California-based financial lender Vanderbilt Commercial Lending has presented TSX-V-listed Tango Mining with a proposal outlining a $30-million loan commitment to fund Tango’s acquisition and the capital required to restart the BK11 kimberlite diamond mine (BK11 mine), in Botswana. Pending... 

Coal baseload bidder expects IPP project evaluation to begin early April 

By: Terence Creamer     18th March 2016 One of the two bidders for the first round of South Africa’s Coal Baseload Independent Power Producer Procurement Programme (CBIPPPP), Marubeni, of Japan, expects the evaluation of bids to begin in April, following an initial delay in the Independent Power Producer (IPP) Office receiving the... 

Changes To The Board Of Directors Of Exxaro Resources Limited

     4th March 2016 In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders of diversified resources group Exxaro are advised that Mr WA (Wim) de Klerk will, after much consideration and deliberation, be stepping down as Finance Director of the Company.  The Company’s Board of... 

De Klerk to step down as Exxaro FD

By: Megan van Wyngaardt     4th March 2016 Wim de Klerk will step down as FD of diversified resources group Exxaro at end-August. De Klerk was requested to, during this period, assist outgoing CEO Sipho Nkosi to coordinate the process of identifying and appointing a successor, as well as assisting with the transition process, finalising... 

Eskom, Exxaro infighting must end – NUM

By: Megan van Wyngaardt     4th March 2016 The National Union of Mineworkers (NUM) on Friday expressed its disappointment over the standoff between coal miner Exxaro and State-owned Eskom regarding the possible closure of Exxaro’s Arnot coal mine, in Mpumalanga, which was no closer to being resolved. This followed reports on Thursday that... 

Lower commodity prices impact Exxaro results

By: Megan van Wyngaardt     25th February 2016 As a result of the current weakness in the ferrochrome industry and the lack of demand for semi-coke products, JSE-listed miner Exxaro expects its headline earnings for the year ended December 31 to drop by between 65% and 73% – or R3.15-billion to R3.53-billion – year-on-year. The company also... 

First
Prev
1
2 3 4 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close