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Agribusiness to face several challenges in the new year – Agbiz

By: Anine Kilian     25th November 2016 The South African agribusiness environment will be faced with various challenges in 2017, especially in terms of engaging with key land reform legislation, according to Agricultural Business Chamber (Agbiz) CEO Dr John Purchase, who delivered an agricultural industry forecast for 2017 on Friday.... 

Emerging phosphate miner gains momentum, aims to ‘change’ mining perception

By: Natasha Odendaal     25th November 2016 Emerging miner Kropz is working to change the perception of mining and become the new industry benchmark through the responsible operation and rehabilitation of the  Elandsfontein phosphate mine, near Saldanha Bay. The R1.35-billion Western Cape-based mine, a 70:30 joint venture between Kropz and... 

Filtration group focuses on product expansion

     25th November 2016 Filtration group CLARCOR Engine Mobile Group released over 250 filtration products in the first half of this year. 

Orocobre takes 31% Advantage stake as activity in South America’s lithium triangle heats up

By: Henry Lazenby     23rd November 2016 Investment activity in South America’s so-called ‘lithium triangle’ salt flats, or salars, is heating up with the announcement Wednesday that lithium producer Orocobre has signed a letter of intent (LoI) to acquire 31% of Advantage Lithium, in a deal valued at about $33-million. In return,... 

Gold from woodchips, grease, mine muck surprises on upside 

By: Martin Creamer     21st November 2016 The recovery of gold from mine waste at Goldplat Recovery in Benoni generates a surprisingly high level of revenue while simultaneously protecting the environment and providing hundreds of valuable jobs. The London Aim-listed Goldplat, a bona fide junior producer from secondary material, last... 

Angola Cables, Etix team up to provide direct US–Africa connection

By: Natasha Odendaal     16th November 2016 Angolan telecommunications company Angola Cables and Luxembourg-headquartered data centre and cable landing station specialist Etix Everywhere have partnered to build infrastructure to reduce the latency between the US and Africa, thereby eliminating the data route through Europe. The parties... 

Ecuador says BHP, billionaire Rinehart seek to join metals chase

By: Bloomberg     8th November 2016 BHP Billiton, the world’s largest miner, and billionaire Gina Rinehart’s Hancock Prospecting, are among commodity producers to have held talks over a potential entry into mining and exploration projects in Ecuador, according to the nation’s government. Both producers had discussions with... 

Custom-made hoses to be used by railway groups

     4th November 2016 Benoni-based automotive tyre and industrial rubber products producer Dunlop Industrial Products has a high penetration in the African continent where it supplies custom-made solutions, such as the design and supply of vacuum and air brake hoses for State-owned utility Transnet, Passenger Rail... 

South Atlantic cable to offer cost, connectivity benefits

By: Schalk Burger     4th November 2016 The $130-million South Atlantic Cable System (SACS) will reduce latency between Africa and South America from 300 ms to 63 ms once it is completed in mid-2018, says Angola Cables CEO Antonio Nunes. The cable system, which traverses 6 500 km of the Atlantic between Fortaleza, Brazil, and Sangano,... 

Third-quarter Glencore coal production down on Optimum disposal

By: Martin Creamer     3rd November 2016 Third-quarter production of diversified major Glencore reflects the various operational suspensions and supply reductions announced and actioned notably in coal, oil, copper and zinc. The London-, Hong Kong- and Johannesburg-listed mining and marketing company, headed by CEO Ivan Glasenberg, said... 

South32 makes first acquisition, pays $200m for Peabody mine in Australia

By: Esmarie Swanepoel     3rd November 2016 Diversified miner South32 has made its first acquisition since demerging from major BHP Billiton, spending $200-million on US major Peabody Energy’s Metropolitan colliery and its 16.67% stake in the Port Kembla coal terminal, in New South Wales. “The Metropolitan colliery is a natural fit within... 

Goldplat sees positive production and financial quarter, projects progressing

By: Ilan Solomons     27th October 2016 Africa-focused gold producer Goldplat produced a total of 9 129 oz of gold and gold equivalents from all its operations during the three months to September 30, with improvements in operating profitability at its recovery operations. Goldplat CEO Gerard Kisbey-Green said on Thursday that good... 

Preferential trade area between Sacu, Mercosur now in force

By: African News Agency      27th October 2016 The Preferential Trade Agreement (PTA) between the Common Market of the South America (Mercosur) and the Southern African Customs Union (Sacu) has come into force, the Department of Trade and Industry (DTI) said on Friday. Sidwell Medupe, DTI spokesperson said in a statement: “South Africa has... 

South Atlantic submarine cable system to dramatically lower latency between Africa, South America

By: Schalk Burger     21st October 2016 The $130-million South Atlantic Cable System (SACS) will reduce latency between Africa and South America from 300 ms to 63 ms once it is completed in mid-2018, says Angola Cables CEO Antonio Nunes. The cable system, which traverses 6 500 km of the Atlantic between Fortaleza, Brazil, and Sangano,... 

Grid storage to decrease electricity infrastructure cost

     21st October 2016 Information and communication technology company Xon notes that grid storage solutions can help to overcome the challenges associated with the cost to build and maintain infrastructure for total installed electricity. The company notes that the total installed electricity generating capacity in... 

Interesting facts about electric fish

By: Terry Mackenzie-hoy     14th October 2016 I recently visited the Zambezi river, in Zambia. During my time there, dedicated to fly-fishing and drinking milk and flavoured fruit juice, I speculated on the nature of electric fish (no, there are none in the Zambezi). So, when I returned, I looked up all I could find on electric fish. I found... 

Toyota Gazoo Racing SA revamped for Dakar 2017

By: Irma Venter     7th October 2016 Toyota South Africa Motors (TSAM) and Toyota Gazoo Racing South Africa (SA) have announced significant changes to their strategy for Dakar 2017 and beyond. This includes the deployment of a new race vehicle, known as the Toyota Hilux Evo, as well as the expansion of the Toyota Gazoo Racing SA... 

LATAM airlines launches direct flight between Latin America and South Africa

By: African News Agency      4th October 2016 LATAM airlines group has launched a direct flight between Latin America and South Africa, with the first plane on the new route landing at OR Tambo International Airport in Johannesburg on Monday afternoon. The plane landed after a nine-hour journey from Sao Paulo’s Guarulhos International airport. 

Goldplat swings to FY profit, pursues potential South American opportunities

By: Creamer Media Reporter      26th September 2016 With its recovery operations now “back on track and profitable”, Aim-listed Goldplat is shifting its attention to returning its Kilimapesa mine, in Kenya, to profitability during the 2017 financial year, while also looking to new opportunities in South America. The company’s operations produced... 

European Lithium plans ‘aggressive development’ of lithium project – Sage

By: Mariaan Webb     26th September 2016 Australia-based European Lithium has appointed a consultant for metallurgical test work at its Wolfsberg project, aimed at accelerating the development of the lithium project in Austria. The Tony Sage-chaired company, which was formerly known as Paynes Find Gold and last week relisted as... 

Wacker Neuson Group confident for 2016 – despite a difficult start to the year

     16th September 2016 During the first quarter of 2016, international light and compact equipment manufacturer Wacker Neuson continued to feel the impact of difficult conditions across many of its markets, in particular in the Americas region. Although the Group managed to maintain revenue at almost the same level as... 

US mining industry in flux as policy, economic and enviro challenges force change

By: Henry Lazenby     16th September 2016 The outcome of the November 2016 US Presidential election will not reverse the decline in the US mining industry’s value, as the beleaguered coal industry continues to face market headwinds. Rather, the results will determine the trajectory of environmental regulations and, therefore, raise or... 

Certification enables company to work on rail projects

By: Victor Moolman     9th September 2016 Metal fabricator Fabrinox received the EN 15085 certification last month. This enables the company to work on rail infrastructure projects in South Africa, the rest of Africa and European Union (EU) countries. 

Gordon confirms Acacia is ‘noncore’ to Barrick portfolio

By: Esmarie Swanepoel     8th September 2016 Africa-focused gold miner Acacia Mining expects to have a new major shareholder in the future, as CEO Brad Gordon confirms that Barrick Gold considers its 64% stake in the London-listed company as noncore. Speaking to journalists at the Africa Downunder conference in Perth, Gordon was unable to... 

Master Drilling secures healthy pipeline of projects, despite challenges 

By: Ilan Solomons     6th September 2016 JSE-listed drilling services provider Master Drilling has overcome a challenging economic climate to secure a $208.9-million order book, while its headline earnings a share increased 30.1% year-on-year to 97.6c in the six months ended June 30. At a presentation of the company’s interim results,... 

Toyota Dakar 2017 team expands; new-look SA-made Hilux ready to race

By: Irma Venter     5th September 2016 Toyota South Africa Motors (TSAM) and Toyota Gazoo Racing South Africa (SA) have announced significant changes to their strategy for Dakar 2017 and beyond.This includes the deployment of a new race vehicle, known as the Toyota Hilux Evo, as well as the expansion of the Toyota Gazoo Racing SA... 

Wealth Minerals aggressively advances Chile lithium asset acquisitions

By: Henry Lazenby     26th August 2016 The Vancouver- and Santiago-based teams of junior explorer Wealth Minerals have since February put together the largest brine property package in Chile of any junior mining company, in the hopes of capitalising on the rising tide of the energy metal. On Wealth’s team is Marcelo Awad, a former... 

Eskom exec first African to be elected president of Cigre

     26th August 2016 Eskom master specialist in the technology group Dr Rob Stephen has been elected president of the International Council on Large Electric Systems (Cigre). He is the first African to hold the position of Cigre president, placing him in a favourable position to expand the benefit of the organisation... 

Bolivia says deputy interior minister killed after kidnap by miners

By: Reuters     26th August 2016 Bolivian Deputy Interior Minister Rodolfo Illanes was beaten to death after he was kidnapped by striking mineworkers on Thursday, the government said. Up to 100 people have been arrested as authorities vowed to punish those responsible. "At this present time, all the indications are that our... 

South32 to pay inaugural dividend despite significant revenue drop

By: Samantha Herbst     25th August 2016 Despite a 25% drop in revenue for the 2016 financial year, diversified mining major South32 announced on Thursday that it would pay an inaugural shareholder dividend of $0.01 a share, reflecting the company’s belief in its operations and the flexibility of its balance sheet. With revenue down... 

AngloGold’s free cash trebles, slashes net debt  

By: Martin Creamer     15th August 2016 Gold mining company AngloGold Ashanti announced on Monday that it had more than trebled free cash flow generation in the first half of the year to $108-million and lowered net debt by almost a third, as costs fell and it took advantage of a higher gold price. In its presentation of results for... 

Platypus Minerals appoints new CEO

By: Megan van Wyngaardt     12th August 2016 Australian mineral exploration company Platypus Minerals has appointed Joe Walsh as its new CEO, effective November 7. Based in Brisbane, Walsh, who has over 25 years in industry experience, will lead Platypus in its strategy to become a lithium producer by exploring for lithium minerals and by... 

Wacker Neuson cautious for H2 despite of a strong second quarter

     11th August 2016 In the second quarter of 2016, leading international light and compact equipment manufacturer the Wacker Neuson Group almost equaled its record revenue from the prior-year quarter. In light of increased market uncertainties and volatility for H2, the Group revised its forecast for 2016. Revenue... 

Glencore guiding higher ferrochrome, nickel output

By: Martin Creamer     11th August 2016 Diversified mining and marketing company Glencore on Thursday guided higher 2016 ferrochrome and nickel production – the only two commodities it expects to produce at levels higher than in 2015. Reporting lower half-year production of copper, zinc, lead, coal and oil than in the first six months... 

Atrum to get its foot in the door with anthracite deal

By: Megan van Wyngaardt     11th August 2016 ASX-listed Atrum Coal has secured the supply of up to 100 000 t of anthracite though an option agreement with Atlantic Carbon Group (ACG) to its target customers in Europe, South America and Asia. The two parties will share profits generated by the sale of anthracite on a 50:50 basis, with the... 

Soaring lithium prices can sustain gains, Pilbara CEO forecasts

By: Bloomberg     2nd August 2016 Pilbara Minerals, seeking to develop one of the world’s largest lithium projects, believes prices can sustain recent rapid gains on soaring demand in China for renewable energy, especially electric vehicles. “Big buyers of big volumes are right now paying more than $20 000 a metric ton for... 

Wealth Minerals looks to acquire additional exploration concessions in Chile salt region

By: Samantha Herbst     1st August 2016 Multi-listed mineral resources company Wealth Minerals has entered into an option agreement to acquire a 100% royalty-free interest in the Quisco 1 to 9 exploration concessions, located in the Quisquiro Salar salt region in Antofagasta, northern Chile. The company also announced on Friday that it... 

Barrick taps Credit Suisse for sale said worth $1bn

By: Bloomberg     29th July 2016 Barrick Gold Corp, the world’s largest gold miner, may fetch as much as $1-billion for its 50% stake in the Kalgoorlie Super Pit mine in Australia, according to people familiar with the matter. Barrick, which announced plans to sell the stake in its second-quarter earnings release, has hired... 

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