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SAWEA CEO bullish about SA wind energy outlook

By: Tracy Hancock     26th October 2018 As forecast, 2018 is shaping up to be a landmark year for the South African energy sector, South African Wind Energy Association (SAWEA) CEO Brenda Martin tells Engineering News. Bolstering South Africa’s energy sector is much-improved policy certainty, transparent decision-making and public... 

South Africa’s IDC invests R100m in Lucapa’s Lesotho mine

By: Esmarie Iannucci     25th October 2018 Diamond miner Lucapa Diamond Company has secured a R100-million development facility from the Industrial Development Corporation of South Africa (IDC) for its Mothae kimberlite diamond mine, in Lesotho. The facility will span a four-year period, and will include a 12-month moratorium on capital... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

A ‘sovereign innovation fund’ proposed in draft technology policy

By: Rebecca Campbell     21st September 2018 The Department of Science and Technology (DST) has, in its recently released draft White Paper on Science, Technology and Innovation (STI), stated that a “sovereign innovation fund” is to be created. “There is a need for increased commercialisation funding,” said section 6.2 of the draft White... 

Stimulus package to rely on efficiencies not new budgetary resources – Nene

By: Terence Creamer     13th September 2018 Finance Minister Nhlanhla Nene announced on Thursday that government was “building a pipeline of investment opportunities and infrastructure projects” as part of redoubled efforts to address low levels of investment, which had been identified as the main inhibitor of growth in the... 

Guptas' flagship Oakbay faces liquidation application over R2m unpaid rent

By: News24Wire      11th September 2018 Business rescue practitioners appointed to save a Gupta business have filed an application for the liquidation of the Gupta's flagship company, Oakbay Investments, as a result of its failure to pay rent to another Gupta-owned company, Tegeta. In court papers filed in the Johannesburg High Court... 

South Africa to set up a 'sovereign innovation fund'

By: Rebecca Campbell     11th September 2018 The Department of Science and Technology (DST), in its recently released draft White Paper on Science, Technology and Innovation (STI), stated that a “sovereign innovation fund” is to be created. “There is a need for increased commercialisation funding,” said section 6.2 of the draft White Paper.... 

Thakadu starts construction on nickel sulphate purification plant

By: Creamer Media Reporter      5th September 2018 Thakadu Battery Materials on Wednesday officially marked the start of construction of its R250-million nickel sulphate purification plant at platinum miner Lonmin's Base Metals Refinery, in the North West province. All major equipment has been ordered and key contracts awarded, including modular... 

Long-serving Qhena to step down as IDC CEO on Dec 31

By: Marleny Arnoldi     31st August 2018 The Industrial Development Corporation (IDC) has started the search for a new CEO, following Geoffrey Qhena’s resignation. Qhena has agreed to stay on until December 31, to ensure a smooth transition.  

South Africa's new coal-fired plants must have emissions technology

By: Reuters     21st August 2018 South Africa's first privately built coal-fired power plants must have the latest technology to reduce harmful emissions, the energy minister said on Tuesday, as a wave of court challenges threaten to derail the projects. Environmental activists have taken legal action against the new Thabametsi... 

Davies endorses Itac’s recommendation of increase in sugar import duties

By: Simone Liedtke     15th August 2018 Trade and Industry Minister Dr Rob Davies has endorsed the International Trade Administration Commission of South Africa’s (Itac’s) recommendation for an increase in import duties on sugar to $680/t. While the level is not at the maximum bound rate, as initially requested by the industry in the... 

Free-to-attend seminars to share latest industry insights

By: Creamer Media Reporter      3rd August 2018 Taking place from 10-14 September at the Expo Centre in Nasrec, Johannesburg, visitors to this year’s Electra Mining Africa will not only have the potential of engaging with 900+ exhibitors across the inside halls and outside exhibit areas, they will also have the opportunity to attend daily... 

IDC results give glimpse of the state of SA’s economy 

2nd August 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about what the Industrial Development Corporation’s (IDC’s) results for the 2018 financial year say about the state of the real economy, how the IDC is responding to its high level of impairments and how the... 

Anglo completes sale of New Largo to Seriti

By: Simone Liedtke     1st August 2018 Anglo American subsidiary Anglo American Inyosi Coal has completed the sale of the New Largo thermal coal project and the closed Old New Largo colliery, in South Africa, to New Largo Coal, which is co-owned by Seriti Resources, Coalzar and the Industrial Development Corporation. The cash... 

BAIC vehicle manufacturing plant project, South Africa

By: Sheila Barradas     27th July 2018 Beijing Automotive Group Corporation South Africa opened its 88 969 m2 vehicle assembly plant, in the Coega Industrial Development Zone, on July 24.  

BAIC SA opens vehicle assembly plant at Coega IDZ

By: Marleny Arnoldi     24th July 2018 Chinese vehicle manufacturer Beijing Automotive Group’s South African subsidiary, BAIC SA, on Tuesday opened its 88 969 m2 vehicle assembly plant, in the Coega Industrial Development Zone, near Port Elizabeth.   The company has completed the critical construction and equipment installation... 

Ethekwini Municipality Supports Intra-African Chemicals Trade

18th July 2018 Durban to Host African Chemicals Imbizo 2018 The recent signing of commitment to the African Continent Free Trade Area (AfCTA) by 27 African states creates significant opportunity for stronger intra-Africa trade and regional integration. Intra-Africa trade is seen as one of the ways in which the... 

Tribunal approves New Largo Coal’s acquisition of New Largo Business from AAIC

By: Marleny Arnoldi     9th July 2018 The Competition Tribunal has approved a merger whereby New Largo Coal intends to acquire the New Largo Business of Anglo American Inyosi Coal (AAIC).  

Chemicals factory to support value chain opened in Maluti-a-Phofong SEZ

By: Schalk Burger     6th July 2018 An industrial chemicals factory opened in the Maluti-a-Phofong special economic zone (SEZ), in Harrismith, Free State, will play a key intermediate role in supporting the value chains that pass through this transport node, says the Industrial Development Corporation (IDC) Chemicals and Textiles... 

Zambian Parliament recommends private investment in State firms

By: Reuters     27th June 2018 Zambia must consider seeking equity partners to recapitalise its State-owned firms, a Parliamentary committee recommended on Tuesday. Zambia transferred the shares of 29 of its 33 State-owned companies in 2015 from the ministry of finance to the government's investment arm, the Industrial... 

IFC signs $34m financing agreement for Zambia solar project

By: Marleny Arnoldi     22nd June 2018 The International Finance Corporation (IFC) has signed a $34-million financing agreement with Enel, the Industrial Development Corporation of Zambia and the European Investment Bank for the construction of the 34 MW Ngonye solar plant, in Zambia.  

South African mining-focused EV manufacturer launched

By: Nadine James     20th June 2018 Battery-driven mining vehicle solution provider Battery Power Industries (BPI) officially launched on Wednesday. The South African original-equipment manufacturer specialises in the development of battery energy systems, electrical traction systems and high-speed charging systems for underground... 

Alphamin closes C$19.2m equity financing

By: Creamer Media Reporter      18th June 2018 TSX-V- and AltX-listed Alphamin Resources has raised C$19.2-million through the issue of 76.8-million shares at C$0.25 apiece. As part of the private placement, first announced on May 28, Alphamin CEO Boris Kamstra subscribed for 512 000 shares. 

Beneficiation opportunities in zinc, fuel cells – Oliphant

By: Martin Creamer     11th June 2018 Deputy Minerals Minister Godfrey Oliphant is engaging with companies on local value-addition opportunities in zinc and platinum-catalysed fuel cells, and would like mining companies to make these and other locally mined commodities available at developmental prices to facilitate... 

Resgen seeks additional funding while Boikarabelo delay continues

By: Simone Liedtke     4th June 2018 ASX- and JSE-listed Resource Generation (Resgen) will, this month, table a submission with international commodities group Noble Resources, for the provision of additional funding for the anticipated working capital requirement arising from the development delay in Resgen’s... 

DTI, stakeholders establish sugar value-chain task team to address industry challenges

By: Marleny Arnoldi     29th May 2018 The Department of Trade and Industry (DTI) has established a sugar value-chain task team, comprising representatives from the beverage industry, retailers, the South African Sugar Association (Sasa), smallholder farmers, small manufacturers and the Industrial Development Corporation of South... 

Alphamin to raise $15m through private placement

By: Marleny Arnoldi     28th May 2018 JSE-listed tin exploration and mining company Alphamin Resources intends to raise about C$19.2-million, or $15-million, through a nonbrokered private share placement, to fund the continued development of the company’s 80.7%-owned Bisie tin project, in the Democratic Republic of Congo (DRC).  

On-The-Air (25/05/2018) 

By: Martin Creamer     25th May 2018 128 years of branding came crashing down this week when the name Chamber of Mines was trashed and replaced with Minerals Council South Africa. With all the talk about new emerging farmers coming on to the land in the future, South Africa needs to step up its mining of phosphates. Certification is... 

Xina Solar One parabolic trough plant project, South Africa

By: Sheila Barradas     25th May 2018 Xina Solar One was officially launched on May 18 this year. 

Radebe officiates at launch of R9.4bn Xina Solar One plant

By: Simone Liedtke     18th May 2018 Xina Solar One, which is owned by a consortium between Abengoa, the Industrial Development Corporation, the Public Investment Corporation and the Xina Community Trust, was officially launched near Pofadder, in the Northern Cape, on Friday. The 300 ha solar thermal plant, which was built by... 

Free State natural gas project, South Africa

By: Sheila Barradas     27th April 2018 Renergen expects to become a significant global producer of helium when its Virginia project starts production in 2019. 

Lily mine secures R300m, search for 3 trapped miners to resume

By: African News Agency      24th April 2018 Lily Gold Mine, where three workers were trapped underground in Barberton in Mpumalanga in February 2016 when a lamp-room container they were working in fell into a sinkhole, has secured R300-million funding but will resume rescue operations next year, the company said on Monday. Business rescue... 

Vast acquires 23.75% economic interest in Zimbabwe mine

By: Simone Liedtke     20th April 2018 Aim-listed Vast Resources’ 25%-owned group company Dallaglio Investments has acquired a 95% interest in the Eureka gold mine, in Zimbabwe. Dallaglio acquired a 95% interest in Delta Gold Zimbabwe, which owns the Eureka mine, from Alpha Resources and the Industrial Development Corporation of South... 

Grindrod concludes sale of Unicorn Bunker Services

By: Simone Liedtke     18th April 2018 Grindrod has finalised the sale of its bunker division, Unicorn Bunker Services, for an undisclosed amount. Unicorn Bunker Services, which employs 110 people, was first established in 2006 and operates three modern bunker tankers in the ports of Durban and Cape Town under contract to BP, Engen... 

Resgen secures R540m IDC loan

By: Marleny Arnoldi     16th April 2018 The Industrial Development Corporation of South Africa (IDC) has approved JSE- and ASX-listed Resource Generation’s (Resgen’s) request for R540-million in funding.  

‘Sunlight the best disinfectant’

By: Terence Creamer     13th April 2018 Asset manager Futuregrowth attracted praise and criticism, possibly in equal measure, when it announced in August 2016 that it was suspending lending to six large State-owned enterprises (SoEs), owing to concerns over the state of their governance. The list included the Development Bank of... 

Focused on next five years

6th April 2018 As it heads into the next five years with 2017/18 financial year having come to a close, State-owned development finance provider Small Enterprise Finance Agency (sefa) will focus on delivering financial assistance that responds to current market needs. In the 2018/19 financial year, the agency... 

SSC Flaming secures R190m IDC loan to revive Lily, Barbrook mines

By: Simone Liedtke     3rd April 2018 Empowerment company SSC Flaming Silver has received approval for a R190-million loan facility from the Industrial Development Corporation (IDC), which will assist it in restarting the Lily and Barbrook mines, in Barberton, Mpumalanga. The loan is subject to a number of conditions precedent and to... 

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