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Topic - Shanduka Resources
Sep 25, 2014
Scaw CEO Markus Hannemann
Securing sufficient scrap metal of the correct quality in order to ensure the efficient and sustainable operation of numerous electric arc furnaces is a key challenge currently faced by the Scaw Metals Group of Ekurhuleni. Another challenge also being addressed by...
Apr 25, 2014
The mining industry has, from a historical perspective, played an inherently complex and contradictory role within South Africa’s sociopolitical economy. While the industry has, for more than a century, been the main driver of phenomenal economic growth and...
Sep 09, 2013
JSE- and Aim-listed Pan African Resources has appointed former COO and joint interim CEO Ron Holding as CEO and director with immediate effect. The company also announced that former FD and Shanduka Resources MD Cobus Loots would reprise his position from October 1,...
Aug 06, 2013
Scaw Metals CEO Markus Hannemann
Newly appointed Scaw Metals CEO Markus Hannemann says that, while his first priority is to oversee an internal review and stabilisation programme at the 7 000-employee-strong steel products manufacturer, he already has his eye on a number niche expansion prospects....
Jul 15, 2013
Steel and steel products manufacturer Scaw Metals is considering investments collectively valued at R3.4-billion over the coming three years, including a possible R1-billion investment into a cogeneration electricity plant at its Germiston facility, on Gauteng’s East...
Nov 26, 2012
South Africa’s State-owned Industrial Development Corporation (IDC) says it is aware of the capital constraints that continue to hinder Scaw Metals from realising its growth ambitions and that are constraining it from playing a more meaningful reindustrialisation...
Nov 26, 2012
Resources group Anglo American reported on Monday that it had completed the R3.4-billion sale of South African steel group Scaw to a consortium led by the State-owned Industrial Development Corporation (IDC). The consortium also includes black economic-empowerment...
Aug 20, 2012
Jun 28, 2012
Apr 24, 2012
Nov 18, 2011
Aug 26, 2011
South Africa’s sixth-largest coal producer Optimum Coal confirmed on Friday that it had received “unsolicited and nonbinding” expressions of interest from third parties to acquire a controlling interest in the company. But, the country’s fourth-largest coal exporter...
Jul 15, 2011
Over 26 000 employees would benefit from the sale of the Lonplats Employee Masakhane (LEM) Trust’s indirect shareholding in platinum miner Lonmin to Shanduka Resources, the LSE- and JSE-listed miner said on Friday. The qualifying members, who would receive proceeds...
Jun 15, 2011
Half of the JSE-listed Sentula Mining’s future earnings will come from its own coal mining and marketing, Sentula CEO Robin Berry reports. Currently most of its revenue arises from coal-mining contracting services. Sentula’s revenue in the 12 months to March 31...
May 31, 2011
Paper and packaging group Mondi remained confident that the company would maintain an acceptable broad-based black economic empowerment (BBBEE) rating following the demerger and the separate listing of Mondi Packaging South Africa (MPSA) as Mpact on the JSE, group...
Apr 21, 2011
Sentula Mining and Shanduka Resources have entered into a strategic merger agreement, through which Shanduka will control 51,9% of the new group for a total consideration of nearly R2,1-billion. The companies on Thursday reported the proposed transaction would...
Jul 13, 2010
South African business magnate Cyril Ramaphosa joined the board of platinum-miner Lonmin as a nonexecutive director on Tuesday, after Shanduka Resources took majority control of Incwala Resources. Ramaphosa's Shanduka now owned 50,03% of Lonmin's black-economic...
Jul 31, 2009
Emerging diamond producer DiamondCorp on Friday reported it had engaged Snowden Group to design and cost a new mine plan for the underground development at Lace. The new design would incorporate the recently discovered level plans from mining and development, which...
Feb 05, 2009
Aim- and JSE-listed gem-miner DiamondCorp has been granted the mining right for its flagship Lace project in South Africa’s Free State province. The mining right is giving the company the legal tenure and operating framework required for some 20 years of mining at...
Apr 24, 2008
JSE-listed Assore, which owns 50% of ferrous-metals-miner Assmang, has terminated talks to increase black ownership in the company, after the parties involved failed to come to an agreement. Assore said on March 12 that it planned to sell an 11,63% stake to Shanduka...
Mar 13, 2008
Mar 12, 2008
JSE-listed Assore, which owns 50% of ferrous-metals-miner Assmang, plans to sell an 11,63% stake to Shanduka Resources, a subsidiary of the black-owned Shanduka Group, for about R1,9-billion, the company said on Wednesday. The deal, which is subject to several...
Jul 13, 2007
Paper and packaging group Mondi, which recently dual-listed on the London Stock Exchange and the JSE, says that it is in line with the objectives of the new Forestry broad-based black economic-empowerment (BBBEE) Charter.
Mar 16, 2007
The funding structure for the recently-announced Scaw Metals black economic-empowerment (BEE) deal has incorporated headroom worth some R200-million that may be deployed in some immediate organic-growth projects within the newly-created Scaw South Africa, the lead...
Mar 01, 2007
Anglo American's steel and alloy-iron products manufacturer, Scaw Metals, announced a black economic empowerment (BEE) deal on Thursday that would see a consortium, which included Cyril Ramaphosa's Shanduka Resources, and employees buying a 26% equity stake in the...
Dec 01, 2006
Black-empowered Shanduka Group, founded by poli-tician-turned-businessman Cyril Ramaphosa, has madesignificant progress in acquiringdiverse investments, both inside and beyond South Africa’s borders. Shanduka, a black-owned and-managed company operating in a...
Dec 01, 2006
May this year saw the consummation of a black economic-empowerment (BEE) deal in which Shanduka Resources, a subsidiary of the Shanduka group, acquired a 25% share in Dowding Reynard & Associates (DRA) and Minerals Operations Executive (Minopex).
Dec 01, 2006
Paper and packaging firm Mondi South Africa and its black economic-empowerment partner, Shanduka, in January this year gave all employees at its South African operations ownership in the firm.
May 12, 2006
“Let's do this African adventure together,” said mining consulting company Dowding Reynard & Associates (DRA) director Brian Dowding on Thursday, announcing a black economic-empowerment deal between it and Shanduka. The group, headed up by former trade...
May 11, 2006
Mining consulting company Dowding Reynard & Associates (DRA) has entered into a black economic-empowerment deal with a group headed up by former trade unionist and politician, Cyril Ramaphosa. Shanduka Resources, a subsidiary of the Shanduka Group chaired by...
Jan 26, 2006
Paper and packaging firm Mondi South Africa and its black economic-empowerment partner, Shanduka, yesterday gave all employees at its South African operations ownership in the firm. In an employee-share ownership plan launched countrywide, the company gave some 5 000...
Jan 31, 2005
Paper producer Mondi South Africa has undergone a substantial restructuring during the last year.
Dec 13, 2004
Paper and packaging group Mondi South Africa and Shanduka Resources have last week confirmed the completion of binding agreements for Shanduka Resources to acquire a 42% equity stake in a new entity, which will own Mondi's South African packaging businesses.
Aug 20, 2004
Commodities giant Anglo American's wholly-owned paper and packaging subsidiary, Mondi South Africa, and Shanduka Resources, announced yesterday that they have reached principle agreement for Shanduka to acquire a 42% equity stake in a new entity which will own...
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