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Zambia eyes energy diversification, reviews South Africa's progress

By: Natasha Odendaal     9th December 2016 Zambia has started reviewing its options to reverse the country's current energy constraints and diversify its own energy mix, leaving no viable potential initiatives off the table as it seeks to become a "power trader". The mostly hydropowered Southern African country is currently battling... 

Sibanye to acquire US platinum miner for R30bn

By: Martin Creamer     9th December 2016 Precious metals mining company Sibanye Gold has entered into a definitive agreement to acquire all of the outstanding common stock of Stillwater Mining Company of the US for R30-billion ($2.2-billion). The $18-a-share offer represents a premium of 23% to Stillwater’s prior day closing share... 

Poverty led to Marikana tragedy, says Mahumapelo

By: African News Agency      5th December 2016 Poverty was the root cause of the Marikana tragedy four years ago, North West premier Supra Mahumapelo said on Sunday. “Poverty forced people to work in the mines, some come from Zimbabwe, Lesotho, the Eastern Cape and other provinces, and neighbouring countries to work in Rustenburg mines,” he... 

Bloody diamonds entering the market now only 0.2% of global supply

By: Dylan Slater     2nd December 2016 The ban on diamond exports from conflict zones is proving successful in curbing so-called ‘conflict diamonds’ from being sold into official and black markets, thereby reducing their use as a potential source of finance for rebel groups. This is according to nonprofit diamond industry... 

Zim govt takes charge of Zimplats debt

By: Esmarie Swanepoel     1st December 2016 The Zimbabwe government has assumed a $34-million debt owed by ASX-listed Zimbabwe Platinum Mines (Zimplats) to the Reserve Bank of Zimbabwe. The debt was assumed under the 2015 Reserve Bank of Zimbabwe Act, which provided for the State government to assume certain debts incurred by the Reserve... 

Awards For New Pool Of Talent For The Coatings Industry

     30th November 2016 Ruan van der Westhuizen, of Fillrite Paints in Boksburg, has won the S.A. Paint Manufacturing Association (SAPMA) Student of the Year Award for 2016. He received the accolade and trophy at the Gauteng SAPMA annual student awards function in Bedfordview recently. Ruan also won the BAMR Award for... 

$264m Zimplats mine development approved

By: Esmarie Swanepoel     30th November 2016 The board of Zimplats and its parent company Impala Platinum have given their respective approvals for the development of a $264-million platinum mine in Zimbabwe. The Mupani mine is a new 2.2-million-tonne-a-year underground complex, which will employ about 1 000 staff at full production. The... 

Zimbabwe to implement key regional power inter-connector project in 2018

By: African News Agency      28th November 2016 The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) said it would start working on its component of the regional Zimbabwe-Zambian-Botswana-Namibia (Zizabona) electricity inter-connector project early in 2018. The announcement came shortly after the country received a... 

Zimbabwe mining industry expects government to scrap platinum tax 

By: Reuters     24th November 2016 Zimbabwe's mining chamber said on Wednesday it expected the government to further defer or scrap altogether a 15% tax on raw platinum ore exports because mining companies had made enough progress towards building smelters. The southern African nation introduced the export levy in January but... 

No irregularities in R1.1bn tenders – Rand Water

By: News24Wire      23rd November 2016 There were no irregularities in the R1.1-billion tenders awarded to one company by Rand Water, Parliament heard on Wednesday. This after reports that the country’s biggest water utility, which supplies Gauteng and parts of Mpumalanga and Free State, was paying millions more for work that was not... 

Zimbabwe's gold, platinum output rise in first 9 months of 2016

By: Reuters     23rd November 2016 Zimbabwe recorded a 14% rise in gold production and a 20% rise in platinum output during the first nine months of this year despite weak commodity prices and cash shortages, the mining chamber said on Wednesday. Gold output totalled 16.2t between January to September, compared with 14.2t in the... 

The State of Energy in Africa

     23rd November 2016 Africa: a continent of vast natural resources is a continent woefully short of electricity. According to Mckinsey Global Institute's February 2015 report "Brighter Africa The growth potential of the Sub-Saharan electricity sector", access to electricity and the ability to consume electricity are... 

Tiger Brands posts higher income despite inflationary pressure 

By: Megan van Wyngaardt     23rd November 2016 The prolonged drought and significant currency volatility has contributed to significant inflation in raw material input costs for JSE-listed fast-moving consumer goods producer Tiger Brands in the financial year ended September 30. The higher costs impacted the grains and groceries divisions, in... 

FESPA Africa and Sign Africa Report Highest Visitor Attendance To Date

     23rd November 2016 The FESPA Africa and Sign Africa Expo held at Gallagher Convention Centre was a major success, with 5592 unique visitors from South Africa and international countries, 941 return visitors and 6533 total visits to the expo. Eighty-two percent of visitors were owners or senior management and 79%... 

PGM market faces 100 000 oz deficit in 2017 – WPIC

By: Ilan Solomons     22nd November 2016 Total global supply of platinum-group metals (PGMs) is forecast to decline by 2% to 7.7-million ounces in 2017 from 7.8-million ounces in 2016, mainly as a result of a decline in secondary supply as jewellery recycling in China returns to a more typical level after retailer destocking raised it... 

Zimbabwe power utility expects loss to widen to $224m

By: Reuters     22nd November 2016 Zimbabwean national power company ZESA Holding's loss will widen to $224-million this year from $112-million in 2015 due to higher electricity imports and because it is selling power at below cost, the chief executive said on Monday. The southern African nation's economy is struggling from a... 

Foreign exchange losses lead to 48% y/y drop in Nampak’s FY HEPS

By: Anine Kilian     21st November 2016 JSE-listed packaging group Nampak on Monday reported a 48% decline in headline earnings per share (HEPS) to 107.6c for the year ended September 30, mainly owing to foreign exchange losses, which adversely impacted HEPS by 86.1c. Basic earnings per share for the period increased by 11% benefiting... 

Africa gets renewed broadband focus with Eutelsat offshoot

By: Natasha Odendaal     16th November 2016 Africa is set to benefit from a new broadband venture that aims to bridge the digital divide through the use of extensive, high-quality and affordable satellite infrastructure. Satellite communications provider Eutelsat’s newly established subsidiary Konnect Africa plans to deploy commercial... 

Three bodies of Zama-Zamas found in Welkom mine

By: African News Agency      16th November 2016 The bodies of three illegal miners – two of them with name tags – have been recovered from a mine in Welkom and the South African Police Service (SAPS) are appealing to their relatives of the deceased to come forward. On Wednesday SAPS called for assistance to locate families of the dead illegal... 

Liquid Telecoms’ buyout of Neotel nears final hurdle

By: Natasha Odendaal     15th November 2016 The R6.5-billion buyout of converged communications network operator Neotel by privately owned Pan-African telecoms group Liquid Telecom is reaching its final hurdle – approval by the Independent Communications Authority of South Africa (Icasa). The acquisition was progressing “very well” and the... 

Tongaat Hulett upbeat about future prospects, despite drought impact

By: Anine Kilian     14th November 2016 The drought in Southern Africa has cut JSE-listed Tongaat Hulett’s sugar production in the current season by about 400 000 t. Speaking to Engineering News Online, CEO Peter Staude pointed out that the company’s sugar production had decreased from 1.4-million tons a few years ago, to an expected... 

Separate legislation may be needed for new electronic banking services

By: Schalk Burger     11th November 2016 New legislation, separate from local banking regulations, should be introduced to allow for the introduction of new, low-cost electronic banking and financial services while retaining the resilience of the banking sector, says digital systems firm Hello Group founder and chairperson Nadir... 

Engen boosts customer convenience with water and biltong bars

     10th November 2016 Engen Petroleum, a leading producer and marketer of a wide range of fuels, lubricants and oil-based products has been busy trialling two fresh new concepts in selected outlets as a three-month trial, prior to extending the offerings across Southern African countries. The first is a concept called... 

South Africa has most construction projects on continent – report

By: Megan van Wyngaardt     9th November 2016 South Africa continues to account for the most infrastructure and capital project activity in Southern Africa, at 48.2%, followed by Angola at 12.9% and Mozambique and Zambia at 10.6% each. South Africa also has the most projects, by country, in Africa, at 41 projects, Deloitte’s 'Africa... 

Sugar expected to yield sweet profit for Tongaat Hulett

By: Megan van Wyngaardt     4th November 2016 Tongaat Hulett expects to report a R1.35-billion operating profit for the six months to September 30, a 5.8% increase on the R1.27-billion recorded in the six months to September 2015, owing to strong performance in its starch operations. Headline earnings for the six months under review are... 

Modified wagon designs to increase volumes per trip

By: Simone Liedtke     4th November 2016 By modifying construction materials and wagon design, original-equipment manufacturer Galison Group believes that the lighter weight of a wagon will significantly reduce transport and production costs, by enabling customers to increase their production volumes per wagon per trip. 

Trade relations from afar

By: Riaan de Lange     4th November 2016 It took Julie Gold, in her own words, “on the one hand, two hours to write and, on the other hand, 30 years to write”, in 1986, the most famous of songs. The song was first recorded by Nanci Griffith for her 1987 album, Lone Star State of Mind, but it only became a commercial success after Bette... 

SADC’s dependence on South Africa’s trade corridors slows

By: Natasha Odendaal     2nd November 2016 South Africa is at risk of being left behind as its neighbours ramp up port and corridor development and rapidly reduce their dependence on the Southern African powerhouse’s trade routes. With continued infrastructure-led growth, the changing dynamics in the Southern African Development Community... 

Caledonia maintains 50 000 oz FY production target at Zim mine

By: Anine Kilian     2nd November 2016 Despite achieving lower-than-expected grades at its Blanket mine, in Zimbabwe, during October, Caledonia Mining remains confident that the mine will meet its 50 000 oz production target for the full year. “Barring unforeseen circumstances for the remainder of 2016, the blanket mine continues to... 

Premier acquires majority stake in Mozambique limestone project

By: Anine Kilian     31st October 2016 Premier African Minerals, which has the RHA tungsten mine, in Zimbabwe, as it flagship asset, has acquired a 52% majority stake in Mozambique-based limestone and logging operation TCT Industrias Florestais (TCT IF) for $2.1-million. Premier notes that TCT IF is self-sustaining and will contribute... 

Zimplats' proposed replacement portal to be decided on in November

By: Natasha Odendaal     28th October 2016 The board of Impala Platinum (Implats) will consider the recently completed bankable feasibility study (BFS) for the potential development of a new mining portal at its Zimplats subsidiary when the study is presented in November. The proposed $260-million Portal 6 is a 2.2-million-tonne-a-year... 

Firm begins installing off-grid solar-charging stations in informal settlements

By: Mia Breytenbach     28th October 2016 Following the successful installation of its solar-powered charging station in the Mooiplaas informal settlement, in Centurion, renewable-energy supplier ePower Holdings are installing additional charging stations, with the latest stations to be installed in Shoshanguve, Gauteng, and in Zambia,... 

‘Get out of Jail Free’ card

By: Riaan de Lange     28th October 2016 The nonalcoholic equivalent of igniting tens fights to a bottle in most South African family environment of years gone by was, without doubt, a board game. What would a scarred childhood be without a single memory of a board game that escalated to a battle of wills, culminating in a full-blown... 

Operational improvements continue across Anglo portfolio

By: Martin Creamer     25th October 2016 Operational improvements continue across the portfolio of Anglo American, which delivered an overall superior production performance in the three months to end September. On a copper equivalent basis, the London- and Johannesburg-listed diversified mining company beat previous third-quarter... 

Mining industry must do more for communities – BMF

By: Anine Kilian     24th October 2016 With mining communities not having reaped the expected benefits that mining companies were meant to provide, the industry has become a difficult subject to discuss in South Africa, despite current levels of interest in the subject being unparalleled since South Africa’s transition to... 

More African countries 'likely to pull out of ICC after SA' 

By: News24Wire      21st October 2016 South Africa's decision to pull out from the International Criminal Court (ICC) is likely to lead "more African countries into wanting to follow in its footsteps", a researcher at the Institute of Security Studies has said. In an interview with News24, Allan Ngari said South Africa's move was,... 

Eskom and Cahorra Bassa threaten to pull the plug on Zimbabwe 

By: Reuters     21st October 2016 Zimbabwe has been given two months to pay its bills for power from South African power utility Eskom and Mozambique’s Hydro Cahora Bassa, HCB. Zimbabwe imports at least 30 percent of its power and owes Eskom about R250-million and HCB about R126-million. 

Continental vision identifies mining’s role in transforming economies

By: David Oliveira     21st October 2016 The need to diversify Africa’s primary-resource export-focused economies in support of other industry-related value chains is key to helping transform the continent’s economy and generate greater wealth from its significant minerals endowment. At this year’s Joburg Indaba, which took place... 

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